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Any Malaysian who has to balik kampung for the festive season will undoubtedly know that Penang experiences traffic congestion that is almost as bad as the Klang Valley on a regular working day.
Notable filings
During the holiday-shortened trading week of Feb 13 to 16, notable shareholding changes at Bursa Malaysia-listed companies included those at Sarawak-based cement manufacturer Cahya Mata Sarawak Bhd (CMSB), which saw Norges Bank cease to be a substantia...
Here is a brief recap of some corporate announcements that made the news on Wednesday: IHH Healthcare Bhd, Malaysia Marine and Heavy Engineering Holdings Bhd, UMW Holdings Bhd, Sime Darby Bhd, Dayang Enterprise Holdings Bhd, Pansar Bhd, Ann Joo Resources Bhd, Engtex Group Bhd, Perdana Petroleum Bhd, PLB Engineering Bhd, UEM Sunrise Bhd, and Harn Len Corporation Bhd.
TOP-level executives from four large long steel companies in Malaysia — Ann Joo Resources Bhd, Malaysia Steel Works (KL) Bhd (Masteel), Lion Industries Corp Bhd and Southern Steel Bhd — have written in to the Ministry of Investment, Trade and Industry (Miti) urging it to scrutinise Alliance Steel...
AT a time when most steel millers making long products are finding ways to stay above water as the weak demand is coupled with overcapacity in Southeast Asia, Tan Sri David Law Tien Seng celebrated the completion of Eastern Steel Sdn Bhd’s (ESSB) Phase 2 expansion at its integrated plant in Kemam...
Kenanga Research has downgrade the local building materials sector to a “neutral” from an “overweight” call in the absence of strong policy responses from China to revive its economy.
The Chinese steelmaking sector is facing challenges due to the country's economic slowdown and the recent property debt crisis. Raw material prices are falling, which is putting pressure on businesses in the sector.
Kenanga Research kept its “overweight” call on the building material sector after industry players logged slightly improved earnings for the second quarter of 2023 (2QCY2023).
A stable price outlook is seen for the non-ferrous metal players due to supply constraints, but steel players may not be able to boost their margins following the doldrums in steel prices, says Kenanga Research.