SKP Resources order book forecast to pick up by FY25
Electrical and electronics plastics contract manufacturer SKP Resources Bhd could see prolonged weakness in order visibility from its main customer…
Category: Corporate News
Norges Bank reduces CMS stake
Norges Bank, the central bank and sovereign wealth fund manager of Norway, has ceased to be a substantial shareholder of…
Chipmaker Renesas to buy software company Altium
Japanese chipmaker Renesas Electronics has announced a US$5.9bil all-cash deal to buy electronics design software firm Altium , its second…
MSC posts lower yearly profit, cautious on outlook
Malaysia Smelting Corp (MSC) Bhd will continue to remain cautious while focusing on operational efficiencies and improvements in its business.
Challenging outlook seen for BAT earnings
The earnings outlook for British American Tobacco (M) Bhd (BAT) remains challenging over the medium term due to its lack…
Uzma accepts PETRONAS Carigali job
Uzma Bhd’s wholly-owned subsidiary, Uzma Engineering Sdn Bhd, has accepted a term contract award from PETRONAS Carigali Sdn Bhd in…
Equinix expects strong adjusted core earnings
Equinix is forecasting adjusted core earnings for fiscal 2024 above market expectations on signs of strong demand for its data-centre…
PETRONAS’ capital expenditure key for sector
While oil majors are cutting costs in anticipation of volatility in prices, analysts say Petroliam Nasional Bhd’s (PETRONAS) guidance will…
Michael Burry adds to China Big Tech wager
Michael Burry, the money manager made famous in the Big Short, has added to wagers on Chinese tech giants Alibaba…