KUALA LUMPUR: Berjaya Sports Toto (BST) and Magnum reported stable and growing gaming revenue with Q3 industry lotto revenue hitting a record high, according to Maybank Investment Bank Research. The research firm has trimmed Magnum target price by 7% to RM2 for lower DPR of 60%, noting that it prefers BST over Magnum. “Since 2010, industry revenue […]
Read MoreKUALA LUMPUR: Mega First Corporation Bhd has secured loan facilities totalling US$150mil or RM634.87mil to part finance the building of its Don Sahong hydropower project in Laos. It said on Tuesday its unit Mega First Investments (L) Ltd had entered into facility agreements with various financial institutions for club deal facilities totalling US$150mil comprising – term […]
Read MoreKUALA LUMPUR: The ringgit rebounded to kick off the week higher against the US dollar on refresh demand after mild profit taking last week, due to re-emerging tension over the possibility of another missile test by the North Korea, dealers said. At 9.15 am(0115 gmt), the local unit was quoted at 4.2290/2340 against the greenback […]
Read MoreKUALA LUMPUR: Japan’s Sumitomo Mitsui Banking Corp (SMBC) is looking to back a push by Japanese firms planning to invest in Malaysia’s Sharia-compliant halal market, an SMBC official said. Japanese companies active in food, cosmetics, logistics, transportation and storage are keen to tap the Malaysian market in a drive to appeal to Muslim customers globally, […]
Read MoreKUALA LUMPUR: The evolvement of e-commerce sector will put Malaysia on track as a leading Asean logistics hub which will place it on the global logistics map, said Transport Minister Datuk Seri Liow Tiong Lai. With the fast pace of e-commerce growth, digital economy would contribute to an increase of around 1.4% to gross domestic […]
Read MoreKUALA LUMPUR: Maybank IB Research remains positive on VS Industry Bhd following its Tuesday briefing with a Buy rating and target price of RM3.18 based on 17.5x CY18 PER. “VSI’s 4QFY7/17 pre-tax profit margin for the Malaysian ops contracted 4.4ppts q-o-q, mainly due to a transition of its transactional currency from USD to RM for components […]
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