Genting worst-hit KLCI stock on Genting HK's planned suspension of payments to creditors
Analysts said Genting Bhd and its subsidiaries are not immediately affected by Genting Hong Kong's decision to suspend payments to creditors.
Cross default unlikely in Genting group as Genting HK suspends payments to lenders
The only link between Gent HK and the two Bursa-listed companies is that they have a common controlling shareholder — Tan Sri Lim Kok Thay. Lim holds a 75.55% stake in Gent HK, and 44.8% in Genting Bhd, which controls 49.45% in GENTM and 52.66% in Genting Singapore Ltd (GENTS).
AME Elite stands to benefit from the potential inflows of FDI, says Kenanga
Kenanga Research said the group has recently entered into a JV agreement with Baozhou New Energy Technology Sdn Bhd to provide businesses with a one-stop solution and service provider for solar energy systems, engineering, procurement, construction and commissioning (“EPCC”) of renewable energy projects.
Guocoland posts ninth straight quarterly loss, dragged by loss on investment and tax provision
On prospects, the company said the Covid-19 pandemic has inevitably caused disruption in global business activities and has added further pressure to the property market.
Tropicana Corp 2Q profit rises after disposal of JB land
For the second half, the group is expecting to roll out new developments and phases with a GDV of RM1.8 billion across its townships.
Malaysia's new Covid-19 cases rise to 16, mostly from Tawar and Sala clusters
Despite a higher number of new cases, active cases in the country stayed below the 200-level for the second consecutive day at 185 today.
CIMB and Berjaya Sompo offer new Secure Home online insurance plan
In a joint statement, the bank and insurer said the new plan covers both household goods and personal belongings in your home against loss and damage on a first loss basis.
Gagasan Nadi Cergas 2Q net profit down 77% as MCO halt construction activities
Revenue for the quarter also declined 43.5% to RM40.09 million from RM71.02 million a year ago, due to lower progress from construction projects that were all halted during the Movement Control Order (MCO) period.
Turiya gets UMA query over sharp rise in share price, trading volume
According to the company’s website, Turiya is principally involved in the business of owning an office building and property management, investment holding and provision of management and consultancy services.
Two-thirds of Malaysian manufacturers need up to two years to return to pre-pandemic levels — survey
Commenting on the challenges faced by the manufacturing sector, the Federation of Malaysian Manufacturers (FMM) president Datuk Soh Thian Lai said respondents were pessimistic about the outlook given the contraction in global growth as well as the perception that the Covid-19 pandemic has not been successfully contained with rising cases worldwide reported daily.
