KIM'S NEWS

Know about the trends, How & Why with our own point of news. A lot happens in the market and a lot more is always expected! Read what experts have analysed and predict.

iconarticle   KLCI pares loss, claws back above 1,600 level

KUALA LUMPUR (Dec 31) : The FBM KLCI pared some of its losses and clawed back above the 1,600-point level at the midday break on the final trading day of 2019. At 12.30pm, the FBM KLCI was down 0.92% or 14.79 points to 1,600.88. The index had earlier slipped to a low of 1,592.65. Market breadth turned negative with 363 losers and 205 gainers, while 528 counters traded unchanged. Volume was 1.33 billion shares valued at RM785.48 million....

iconarticle   Genting Malaysia bets on better hand in 2020 with theme park launch

KUALA LUMPUR (Dec 31) : THE year has not exactly been the best for Genting Malaysia’s stock, which has been underperforming and is trading at valuations near 10-year lows. Will the gaming company be dealt a better hand in 2020? Some in the investing community are hopeful that it might open its outdoor theme park earlier than the second half of next year...

iconarticle   HPP Holdings seeks ACE Market listing to raise funds for capex, expansion

KUALA LUMPUR (Dec 31) : HPP Holdings Bhd, which is involved in the printing, production, and sales and marketing of paper-based packaging, as well as trading and production of rigid boxes, is seeking a listing on the ACE Market of Bursa Malaysia to raise funds for capital expenditure and expansion, to repay borrowings and for working capital. According to its draft prospectus seen on the Securities Commission Malaysia's website, its initial public offering (IPO) entails the issuance of 88.67 million new shares, representing 22.83% of the company's enlarged issued share capital. It also involves an offer for sale of 20 million existing shares, representing 5.15% of its enlarged issued share capital, by way of private placement to selected bumiputera investors...


iconarticle   Cahya Mata eyes new road jobs to revive fortunes

KUALA LUMPUR (Dec 31) : NOW that its state road maintenance contract has been renewed — but only for only half the road length — Cahya Mata Sarawak (CMS) is eyeing new maintenance jobs for public roads in the coming two years to make up the shortfall. Managing director Datuk Isaac Lugun says the group is preparing for an expected tender in 2021 for the maintenance of up to 6,000km worth of rural roads in Sarawak. These roads are not maintained by private parties at present. “We hear that quite a lot of the municipal roads will be given out to private parties to be maintained by players like CMS, so I think we will get some of those,” Isaac tells The Edge in his first media interview since assuming the managing director’s role in October...


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