MSC posts lower yearly profit, cautious on outlook
Malaysia Smelting Corp (MSC) Bhd will continue to remain cautious while focusing on operational efficiencies and improvements in its business.
Category: Corporate News
Challenging outlook seen for BAT earnings
The earnings outlook for British American Tobacco (M) Bhd (BAT) remains challenging over the medium term due to its lack…
Uzma accepts PETRONAS Carigali job
Uzma Bhd’s wholly-owned subsidiary, Uzma Engineering Sdn Bhd, has accepted a term contract award from PETRONAS Carigali Sdn Bhd in…
Equinix expects strong adjusted core earnings
Equinix is forecasting adjusted core earnings for fiscal 2024 above market expectations on signs of strong demand for its data-centre…
PETRONAS’ capital expenditure key for sector
While oil majors are cutting costs in anticipation of volatility in prices, analysts say Petroliam Nasional Bhd’s (PETRONAS) guidance will…
Michael Burry adds to China Big Tech wager
Michael Burry, the money manager made famous in the Big Short, has added to wagers on Chinese tech giants Alibaba…
Bumi Armada on track for record profit in FY24
Bumi Armada Bhd can expect a sequential core net profit improvement in the fourth quarter of 2023 (4Q23) and a…
Pressure mounts on VW to exit China’s Xinjiang
German automaker Volkswagen (VW) says it is discussing the future of its activities in China’s troubled Xinjiang region, following fresh…
F&N in Cambodian land deal
Fraser & Neave Holdings Bhd (F&N) is leasing a 32,200 sq m parcel of land for 50 years from Cambodia-based…