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KUALA LUMPUR: Here is a recap of the announcements that made headlines in Bursa Malaysia.
Category: Corporate News
Robust global chip sales a boon for tech players
Stronger earnings are in store for Malaysian outsourced semiconductor assembly and test (Osat) players in the second half of 2024…
Miner BHP hits guidance with record iron ore production
BHP Group Ltd’s iron ore output climbed 6% in the three months to the end of June, taking the global…
Public Bank can ride on provision write-backs
Public Bank Bhd has the strongest headroom among its peers for potential provision write-backs, making it an attractive stock as…
Bank of America says it will invest more in trading arm
Bank of America Corp is putting more money and balance sheet resources behind its trading business, according to chief executive…
Alliance Bank loan expansion to remain resilient
Alliance Bank Malaysia Bhd’s (ABMB) loan growth is expected to remain resilient, underpinned by small and medium enterprises’ (SME) loans…
Vale’s iron ore output tops analyst estimates in second quarter
Vale SA’s iron ore production in the second quarter was stronger than expected.
National Bank to raise more equity for CWB deal after shares recover
National Bank of Canada is raising an additional C$20mil (US$15mil) in connection with its planned acquisition of Canadian Western Bank…
Goldman joins rivals in setting up new Middle East-focused fund
Goldman Sachs Group Inc is working on raising a Middle East-focused fund and has hired a long-time JPMorgan Chase &…