[ad_1]
By Kuala Lumpur Newsroom
Nikkei Markets
KUALA LUMPUR (Dec 13) — Here’s a roundup of latest news from Malaysia so far on Wednesday:
*Malaysia’s Tiger Synergy Requests Trading Halt Tomorrow Pending Announcement
Tiger Synergy, a Malaysian property developer, said Wednesday it has requested for trading suspension tomorrow pending a material announcement.
*Malaysia’s Yinson Holdings 3Q Net Profit Up 44.4% On Year
Yinson Holdings, a Malaysian oil and gas services firm, said Wednesday its fiscal third-quarter net profit grew 44.4% on year, due to a strong growth in revenue.
*Malaysia’s AEON Credit Gets Additional Tax Claims, Penalty Totalling MYR96.82 Mln
AEON Credit Service(M), a Malaysia-based non-banking financial company, said Wednesday its subsidiary has received a letter from the Inland Revenue Board of Malaysia, or IRB, relating to additional income tax and penalty totalling 96.82 million ringgit ($23.71 million).
*China Orient Asset Gets $6 Bln In Orders For Multi-Tranche Bond Offering -Source
China Orient Asset Management attracted orders worth more than $6 billion in a multi-tranche bond offering from which the state-owned distressed-asset manager is expected to raise at least $300 million, according to a source familiar with the matter.
*ASIA MARKETS: Singapore, Malaysia Shares Rise Ahead Of Fed Rate Decision
Singapore shares edged higher on Wednesday, as property developers rose ahead of the U.S. Federal Reserve’s policy decision.
*Malaysia’s IPO Market Likely To Gain Pace In 2018; Steady Growth, Higher Risk Appetite To Help
Malaysia’s initial public offering activities will likely pick up pace next year with a robust line-up of big-ticket deals amid an expected uptick in investors’ risk appetite, bankers and advisers said.
*ASIA MARKETS: Hong Kong Stocks Post Best Gain In Three Weeks On Bank Rally
Hong Kong stocks posted their sharpest rally in three weeks on Wednesday, helped by expectations that an interest-rate increase by the U.S. Federal Reserve would help lift bank earnings.
*Malaysia’s Berjaya Food 2Q Net Profit Rises 15.5% On Year To MYR5.81 Mln
Berjaya Food, which runs Kenny Rogers Roasters and Starbucks Coffee chains in Malaysia, said Wednesday its fiscal second quarter net profit grew 15.5% on year driven by higher profit recorded by Starbucks operation and lower loss in Kenny Rogers Roasters in Indonesia.
*Astro Malaysia Holdings Gets $150 Mln Loan Facility From Bank Of Tokyo-Mitsubishi UFJ (Malaysia)
Astro Malaysia Holdings, a pay-television operator, said Wednesday it has accepted a loan facility amounting to $150 million (613 million ringgit) from Bank of Tokyo-Mitsubishi UFJ (Malaysia).
*Malaysia’s PBA Holdings: Water Intake Fee Halved To MYR0.03 Per Cubic Meter
PBA Holdings, a Malaysian water supply services company, said Wednesday the Penang State Government has approved its application to reduce water intake fees to 0.03 ringgit per cubic meter for 2018 from 0.06 ringgit earlier.
*Singapore’s Roxy-Pacific Holdings To Buy Freehold Residential Site For S$73.88 Mln
Roxy-Pacific Holdings, a Singapore-based property developer, said Wednesday its unit has entered into an agreement to acquire a freehold residential site in Singapore’s Derby Court for S$73.88 million($54.61 million).
*Singapore’s CWG International To Sell Property In Australia For S$40.6 Mln
CWG International, a Singapore-based real estate developer and asset management company, said Wednesday its unit has entered into a sale and purchase contract with Parkes 88 for the sale of its property in Australia’s Sydney for S$40.6 million(A$40 million).
*China Southern Airlines November Passenger Load Factor Rises To 82.31%
China Southern Airlines Company Wednesday reported a 3.03 percentage point rise in November passenger load factor as compared to the year-ago period.
*Malaysia’s Kejuruteraan Asastera Gets MYR14.5 Mln Job From Kerjaya Prospek
Kejuruteraan Asastera, a Malaysian engineering firm, said Wednesday it has secured an electrical and telephone systems contract from Kerjaya Prospek worth 14.5 million ringgit ($3.55 million).
*MARKET BUZZ: Casinos, China Lenders Help Hong Kong’s HSI Reclaim 29,000
Hang Seng surges 1.5% to 29,222.10, highest in two weeks, led by casino names amid optimism over Macau gaming revenues.
*Sun.King Power Electronics Inks Supply Contracts Worth CNY104.64 Million
Sun.King Power Electronics Group, a Hong Kong-listed power electronic component supplier, said Wednesday it has signed supply contracts for products such as anode saturable reactor and optical fibre, worth 104.64 million yuan ($15.81 million).
*Malaysia’s O&C Resources Aims To More-Than-Double Revenue In FY18- Official
Malaysia’s property developer O&C Resources targets to more-than-double its revenue in fiscal year 2018, its finance chief said Wednesday, adding that the company expects the property division to contribute half of the top line.
*MARKET BUZZ: Malaysia’s Gamuda Slides After Macquarie Cuts To Underperform
Gamuda drops 4.1% to MYR4.70 after Macquarie Capital Securities downgrades stock to Underperform from Outperform; house also cuts target price to MYR4.00 from MYR5.90.
*=UPDATE: Riad Asmat Replaces Malaysia’s AirAsia CEO Aireen Omar
Malaysia’s AirAsia, the region’s largest discount carrier by fleet, appointed Riad Asmat as the new chief executive for its Malaysia-based operations as part of a senior management team overhaul with an aim to focus on digital growth, AirAsia group chief said Wednesday.
*Malaysia’s Nova Wellness Group Files Draft Prospectus For Initial Public Offering
Nova Wellness Group, a Malaysian nutraceutical and skincare products maker, is seeking to sell 82 million shares under an initial public offering for a listing on the ACE Market.
*Singapore To Keep First Half Land Sales Steady Despite Soaring Demand
Singapore will offer roughly the same amount of land for sale in the first half of 2018, keeping supply tight despite strong demand from developers.
*ASIA MARKETS: Banks Lead Hong Kong Shares Higher Ahead Of US Rate Decision
Hong Kong shares advanced on Wednesday, with lenders leading after a financials-led rally on Wall Street overnight, as investors looked toward the U.S. Federal Reserve’s interest-rate decision.
*Societe Generale Sees H-Share Index At 12,800 In 2018 While China Economy Cools
French lender Societe Generale expects the Hang Seng China Enterprises Index of large mainland companies listed in Hong Kong to climb to 12,800 by the end of 2018 even as it sees the nation’s economic growth cooling more than most economists anticipate.
*MARKET BUZZ: RHB Ups Malaysia’s Plantation Sector Call On Higher CPO Price Expectation
RHB Investment Bank upgrades Plantation sector to Neutral from Underweight, on expectation of higher CPO price. Bursa Malaysia Plantation index now flat at 7,845.97.
*Singapore Economy To Grow By 3% In 2018 – Central Bank Survey
Singapore’s economy to expected to grow by 3.0% next year, slowing slightly from 2017’s forecast expansion of 3.3% on continued strength in manufacturing and financial services, a quarterly survey of private sector economists by the central bank showed on Wednesday.
*Malaysia’s Binasat Communications Starts Taking Orders For MYR57.95 Mln IPO-Statement
Binasat Communications, a Malaysian telecom support services firm, Wednesday started taking orders from investors for its initial public offering worth 57.95 million ringgit ($14.21 million).
*Malaysia’s Jaya Tiasa Expects FY Fresh Fruit Bunch Yield To Rise At Least 10%-Operations Head
Malaysian palm oil producer Jaya Tiasa Holdings expects fresh fruit bunch production to rise this fiscal year to Jun. 30 as bulk of its oil palm trees mature and reach prime yielding age, its chief operating officer said.
*MARKET BUZZ: AmInvest Keeps End-2018 KLCI Target At 1900 On Earnings Upturn
AmInvestment Bank keeps end-2018 KLCI target at 1900, on cyclical upturn in corporate earnings and strengthening ringgit.
*MARKET BUZZ: Malaysia’s Serba Dinamik +2.3%; AffinHwang Ups TP To MYR4.00
Serba Dinamik Holdings rises 2.3% to MYR3.17. Affin Hwang Investment Bank raises target price to MYR4.00 from MYR3.60 after raising earnings-per-share forecast for FY18-FY19 by 11%; keeps Buy call.
*MARKET BUZZ: Lenders Lead Hong Kong’s HSI Higher As Fed Outcome Eyed
Hang Seng up 0.4% at 28,892.16, as advance in HK lenders overshadows losses in technology shares. Heavyweight HSBC adds 2.1%, hovering near its highest level in three-years ahead of near-certain quarter-point rate hike by Fed later today.
*CIFI Holdings Raises $300 Million In Perpetual Securities To Refinance Debt
Chinese property developer CIFI Holdings said it issued $300 million in senior perpetual capital securities to refinance debt.
*MARKET BUZZ: RHB Cuts Malaysia’s Hartalega Call On Rich Valuations
RHB Investment Banks downgrades Hartalega Holdings to Neutral from Buy on rich valuations; shares have rallied by 40% in three months on earnings upgrade and expectations of inclusion into KLCI index, which ultimately did not happen; raises target price to MYR9.70 from MYR9.35.
*China Jinmao Cancels Plan to Sell Shares In JVs, May Buy Remaining Stakes
Property developer China Jinmao Holdings Group said on Wednesday it will cancel a plan to dispose of its 50% stake in two joint ventures, and may instead buy out its partner in those ventures.
*Ling Yui Holdings To Raise Up To $14.1 Million In Hong Kong IPO
Subcontractor Ling Yui Holdings expects to raise up to HK$110 million ($14.1 million) from an initial public offering on Hong Kong’s main board.
*Vicon Holdings To Raise $18.1 Million In Hong Kong IPO
Hong Kong-based foundation contractor Vicon Holdings expects to raise up to HK$120 million ($18.1 million) from an initial public offering on Hong Kong’s main board.
*MARKET BUZZ: Malaysia KLCI Edges 0.2% Lower; 1720 Support Tipped
Malaysia’s benchmark KLCI edges 0.2% lower at 1726.99 after a flat opening. Asian shares mostly higher tracking overnight gains in U.S. stocks.
*MARKET BUZZ: Malaysia’s Petronas Chemicals Up 0.7%, To Benefit From Higher Oil Prices-Maybank
Petronas Chemicals up 0.7% to MYR7.47. Maybank Investment Bank tips stock as “Top Pick,” keeps Buy call with target price of MYR8.50.
*Prosperous Printing Rises 8.6% In Hong Kong GEM Trading Debut
Shares of Prosperous Printing rose 8.6% in their trading debut on Hong Kong’s growth enterprise market board for smaller companies after raising HK$70 million ($9 million) in an initial public offering.
*Comba Telecom To Invest $110 Million In Laos To Build 4G Network
Hong Kong-listed telecommunications equipment maker Comba Telecom Systems Holdings said its Laos-incorporated subsidiary ETL plans to invest up to $110 million to build up its own 4G service network in the southeast Asian nation.
*MARKET BUZZ: UOB Raises Malaysia’s Malakoff To Buy On Share Price Correction
UOB Kay Hian Securities raises Malakoff Corporation to Buy from Hold after 30% share price correction year-to-date, keeps target price of MYR1.05.
*MARKET BUZZ: Malaysia KLCI Likely Higher Tracking US Gains; 1717-1744 Band Tipped
Malaysia’s KLCI likely to open higher tracking gains on Wall Street; index ended 0.6% higher at 1729.57 yesterday on late buying.
– By Kuala Lumpur Newsroom; kleditorial@nikkeinewsrise.com; +60320267363
– Edited by Ahana Sen Gupta
– Send Feedback to feedback@nikkeinewsrise.com
– Copyright (c) 2017 Nikkei NewsRise Asia Pte Ltd.
阅读更多