Hibiscus Petroleum Sets 2030 Output Target At 70,000 Boe/day

KUALA LUMPUR, Aug 4 (Bernama) -- Hibiscus Petroleum Bhd is targeting production of 70,000 barrels of oil equivalent per day (boe/day) and 2P reserves of 150 million barrels of oil equivalent (MMboe) by 2030.

Bursa Malaysia Pulls Back On Profit-taking

By Danni Haizal Danial Donald

KUALA LUMPUR, Aug 4 (Bernama) -- Bursa Malaysia pulled back on Monday as investors took profit on selected heavyweights, capitalising on Friday’s sharp rally to lock in short-term gains.

CIMB Securities Upgrades Westports To Buy On Stronger 2H 2025 Results Projection

KUALA LUMPUR, Aug 4 (Bernama) -- CIMB Securities Sdn Bhd has upgraded Westports Holdings Bhd to “Buy” from “Hold” driven by higher container revenue following Port Klang’s new tariff implementation and higher transhipment volumes on the back of new services.

Inari Among Most Active During Early Trade After RM1.03 Bln Lumileds Joint Acquisition

KUALA LUMPUR, Aug 4 (Bernama) -- Electronics manufacturer Inari Amertron Bhd emerged as among the most active stocks at early trade following its joint acquisition of equity interest in Lumileds Holding BV for US$239 million (RM1.03 billion).

Settlers To Benefit From Felda’s Majority Stake In FGV - DPM Zahid

KUALA LUMPUR, Aug 2 (Bernama) -- The Federal Land Development Authority’s (Felda) acquisition of a majority stake in FGV Holdings Bhd (FGV) will pave the way for full ownership and restructuring of the company, and Felda settlers will stand to benefit from the profits, said Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi.

AYS Ventures' Associate Company Acquires More Than 90 Pct Shares In CosmoSteel

KUALA LUMPUR, Aug 1 (Bernama) -- AYS Ventures Bhd's associate company, 3HA Capital Pte Ltd and parties acting in concert with it has acquired more than 90 per cent equity interest in Singapore-listed CosmoSteel Holdings Ltd. 

UMS Integration Opens At RM5.15, 3 Pct Up On Bursa Malaysia Debut

KUALA LUMPUR, Aug 1 (Bernama) -- UMS Integration Ltd rose on its Main Market debut, becoming the first Singapore Exchange (SGX)-listed company to achieve a secondary listing on Bursa Malaysia.

US Tariff Cut Boosts Glove And EMS Stocks At Mid-morning

KUALA LUMPUR, Aug 1 (Bernama) -- Glove makers and electronic manufacturing services (EMS) companies’ share prices rose at mid-morning following the lower United States (US) rate announced by Washington earlier today.

Construction Shares Up In Early Trade, Boosted By Major Projects Under 13MP

KUALA LUMPUR, Aug 1 (Bernama) -- Construction-related stocks on Bursa Malaysia increased in early trade today, boosted by projects planned by the government under the 13th Malaysia Plan (13MP).

Pharmaniaga On Track To Exit PN17, Jakel Medical Emerges As New Substantial Shareholder

KUALA LUMPUR, July 31 (Bernama) -- Pharmaniaga Bhd has completed two critical milestones of its regularisation plan, the rights issue and private placement, thus positioning the group firmly on track to exit its Practice Note 17 (PN17) status.

Chin Hin To Dispose Of Metex Steel For RM70 Mln

KUALA LUMPUR, July 31 (Bernama) -- Chin Hin Group Bhd is disposing its entire equity interest in Metex Steel Sdn Bhd comprising 50 million ordinary shares to EC Excel Wire Sdn Bhd for RM70 million cash.

Bursa Malaysia Ends At Intraday Low Despite Growing Optimism Over 13MP Announcement

By Danni Haizal Danial Donald

KUALA LUMPUR, July 31 (Bernama) -- Bursa Malaysia closed at its intraday low on Thursday, tracking weaker regional sentiment despite optimism on Malaysia’s strategic policy vision under the 13th Malaysia Plan (13MP) announcement.