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At 9.05am, the FBM KLCI dipped 0.92 points to 1,634.07. The decliners included Heineken Malaysia Bhd, Teck Guan Perdana Bhd, Perusahaan Sadur Timah Malaysia (PERSTIMA) Bhd, UWC Bhd, MI Technovation Bhd, Malayan Banking Bhd (Maybank), Berjaya Food Bhd and Tenaga Nasional Bhd (TNB). Bloomberg said Asian stocks slipped Wednesday after U.S. equities pulled back from record highs on fading prospects for bigger government aid checks to individuals. The dollar weakened, it said. Rakuten Trade said Wall Street closed lower as profit taking activities emerged after all the major indices opened on fresh record highs. It said the Dow Jones Industrial Average closed 68 points lower to end the session at 30,335 level. As such, we expect regional markets to be rather mixed today. ....
Kim Loong Q3 net profit more than doubles on jump in crude palm oil, fresh fruit bunch prices thesundaily.my - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thesundaily.my Daily Mail and Mail on Sunday newspapers.
KUALA LUMPUR (Dec 29): Based on corporate announcements and news flow today, companies in focus tomorrow (Dec 30) may include: AirAsia Group Bhd, Kim Loong Resources Bhd, Minho (M) Bhd, Artroniq Bhd, Duopharma Biotech Bhd, MISC Bhd and Toyo Ventures Holdings Bhd. Budget airline AirAsia Group Bhd has decided to sell 32.67% of the 49% stake it holds in AirAsia (India) Ltd to Tata Group for US$37.66 million (approximately RM152.58 million). As part of the transaction, there will be a call option in respect of the remaining 16.33% stake, exercisable by Tata at any time after the transaction is completed. The total consideration in respect of the options granted for the remaining 16.33% stake shall be US$18.83 million (approximately RM76.29 million). ....