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Malayan Cement Bhd will likely report strong third quarter earnings when the company reports its results by this month-end, as volume and average selling prices stay high, CGS International said.
The construction sector is expected to see a pick-up in job flows in the second half of this year (2H24), driven by infrastructure projects like the Penang light rail transit (LRT) and Mass Rapid Transit 3 (MRT3) in the Klang Valley.
Shares of YTL Power International Bhd and YTL Corp Bhd rose to fresh highs on Monday as investors piled on stocks with exposure in artificial intelligence (AI).
THE last few years have seen multiple challenges that tested the financial resilience of companies, from Covid-19 to the post-pandemic commodity and inflation shocks, which in turn spurred interest rate hikes that indirectly skewed global currency exchange trends.
The surprising good ne...
Any Malaysian who has to balik kampung for the festive season will undoubtedly know that Penang experiences traffic congestion that is almost as bad as the Klang Valley on a regular working day.
UEM Group Bhd is understood to have called off a tender for the sale of its wholly-owned Cement Industries of Malaysia Bhd (CIMA). The U-turn comes on the back of a turnaround in losses and increasing profits at the cement producer.
It is understood that the six parties shortlisted to b...
KUALA LUMPUR: The rollout of the Penang Light Rail Transit (LRT) is a boon for the construction sector as the jobs pipeline is expected to remain strong, from both the civil and private sectors, said MIDF Research. The research firm ...
A sizeable pool of Bursa Malaysia’s largest companies and known good dividend payers delivered bumper dividends to shareholders — including government-linked investment companies (GLICs) — on the back of improved financial performance in 2023. A majority gave higher dividends in FY2023 versus FY2...
Swiss investment bank UBS Group AG has pared its stake in YTL Corp Bhd by 0.53% to 5.86%.
According to a filing on Tuesday, UBS disposed of the 0.53% stake, comprising 57.82 million shares, on Feb 29.
FIVE companies — Germany-based Heidelberg Materials AG; China-based Huaxin Cement Co Ltd; Malaysian Resources Corp Bhd (MRCB), a company which is connected to Yinson Holdings Bhd; and companies linked to Pahang and Negeri Sembilan royalty — have been shortlisted to buy Cement Industries of Malays...
KUALA LUMPUR: Post reporting season, analysts are affirming bullish outlooks on the domestic stock market as they expect economic expansion to pick up the pace and stocks to shrug off the sluggishness of the past year.
Shares in utilities-to-resorts conglomerate YTL Corp Bhd climbed to another record high on Tuesday driven by investors’ ongoing interest in the stock, amid its latest stellar earnings.
YTL Corp share price climbed 15 sen or 6% to RM2.65 as of 11.43am, valuing the company at RM29.32 billion. It was the fifth most active stock in terms of volume on Bursa Malaysia, with about 37.84 million shares traded. In contrast, the benchmark of FBM KLCI rose 0.25%.
Shares in YTL Corp Bhd hit another new record high on Monday, as investors continued to accumulate the utilities-to-resorts conglomerate’s stock following stellar earnings.
YTL Corp rose to a high of RM2.59, before paring gain to 3% and settled at RM2.54, valuing the company at RM28.55 billion at midday trading break. The stock was the third most active stock in terms of volume on Bursa Malaysia, with close to 39 million shares changing hands.