Page 8 - Scientex Bhd News Today : Breaking News, Live Updates & Top Stories | Vimarsana

KUALA LUMPUR (Dec 29): AmInvestment Bank Research has maintained its “neutral” rating of the property sector, saying the circumstances would remain challenging in the next 12 months. In a sector report today, AmInvestment analyst Thong Pak Leng said even with most developers having achieved new sales targets, sales were down about 22% in the cumulative first nine months of 2020 (9M20), compared to the previous year, due to a lacklustre market amid the Covid-19 pandemic.  Developers were instead more aggressive in clearing unsold units by offering discounts with the inventory level on a ...

KUALA LUMPUR (Dec 17): Based on corporate announcements and news flow today, companies that may be in focus on Friday (Dec 18) include: Latitude Tree Holdings Bhd, Metronic Global Bhd, My EG Services Bhd, Dutch Lady Milk Industries Bhd, Affin Bank Bhd, Eco World Development Group Bhd, Eco World International Bhd, VS Industry Bhd, Scientex Bhd, LKL International Bhd and Perak Corp Bhd. Latitude Tree Holdings Bhd has proposed a one-for-one bonus issue of up to 97.16 million new shares plus an employees’ share scheme (ESS) of up to 10% of the total issued share capital of the company. The furn...

The lack of local economic data releases this week may be offset by developments elsewhere in the country. In parliament this week, the Dewan Rakyat will continue to debate at the committee stage the Budget 2021 allocation for the defence, education and home ministries. Once voted upon, the budget will move to the Senate for the final vote. On Monday, at the Kuala Lumpur High Court, the hearing of the Malaysian government’s forfeiture bid to recover US$340.26 million (about RM1.4 billion) from PetroSaudi International Ltd and its subsidiary PetroSaudi Oil Services (Venezuela) Ltd (PSOSL) is...