Sony hikes profit forecast on financial services gain
Japan’s Sony upgraded its annual net profit forecast but trimmed its PlayStation 5 (PS5) unit’s sales target, with the flagship…
Corporate News
CEO of Australia’s biggest bank cautions on risks
Commonwealth Bank of Australia (CBA) chief executive officer Matt Comyn says risks are mounting in the economy after profit at…
UMW shares to be delisted on Feb 19 post-takeover
The entire issued share capital of UMW Holdings Bhd will be removed from the official list of Bursa Malaysia on…
Sunway poised to be included in FBM KLCI
Sunway Bhd is poised to be included in the as a component stock in the FBM KLCI in the second…
Axiata’s earnings to be supported by monetisation
Axiata Group Bhd’s earnings are expected to be supported by its excellent prospects of monetising its multiple businesses, says AmInvestment…
Lyft stock up 17% on cost cuts after wild ride
Lyft beat estimates for quarterly profit and says it will generate positive free cash flow for the first time in…
Better prospects for Gas Malaysia on elevated natural gas prices
UOB Kay Hian (UOBKH) Research is positive on Gas Malaysia Bhd (GMB) despite maintaining its “hold” call on the company…
StanChart weighs break up of investment bank
Standard Chartered Plc is considering restructuring its institutional banking arm, the unit that houses the firm’s investment bankers and traders,…
Perdana Petroleum secures new work order
Perdana Petroleum Bhd has announced it has won a work order award and received an extension for an existing award…