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Shipping and logistics stocks were the most actively traded on Tuesday morning due to the potential for increased freight rates amidst the Red Sea crisis, which has disrupted global logistics following Houthi rebel attacks on shipping liners.
KUALA LUMPUR: TA Securities Research has reaffirmed its bullish outlook on third-party logistics (3PL), which will play an important role in strengthening overall supply-chain management due to the proliferation of trade conflicts and geopolitical tensions.
KUALA LUMPUR: Tan Sri Lin See Yan will step down as IGB REIT Management Sdn Bhd chairman and from the board on Dec 31 after serving for 11 years. Datuk Seri Robert Tan Chung Meng will assume the role of non-executive chair ...
Given the uncertain economic conditions, CJ Century Logistics Holdings Bhd will adopt a cautious approach in the pursuit of business growth, as well as stringent cost control.
KUALA LUMPUR: Stocks that could be seeing increased trading interest include IJM, Propel Global, SAM Engineering & Equipment, Wasco, HIL Industries, SSF Home, OpenSys, Capital A, KNM, Eversendai, CJ Century Logistics and Kitacon, said Apex Research.
Here is a brief recap of some corporate announcements that made news on Thursday: Propel Global Bhd, SAM Engineering & Equipment (M) Bhd ,Wasco Bhd, HIL Industries Bhd, SSF Home Group Bhd, IJM Corp Bhd, OpenSys (M) Bhd, Capital A Bhd, KNM Group Bhd, Eversendai Corp Bhd and Kumpulan Kitacon Bhd.
Founder of CJ Century Logistics Holdings Bhd (formerly known as Century Logistics Holdings Bhd) Datuk Phua Sin Mo has emerged as a substantial shareholder of Kumpulan Kitacon Bhd with a 14% stake.
KUALA LUMPUR: CJ Century Logistics Holdings Bhd’s (Century Logistics) total logistics services segment (TLS), particularly freight forwarding, is expected to face challenges due to the slowdown in South Korea.
KUALA LUMPUR: There could be increased trading in Pesona Metro, BHIC, Pharmaniaga, Supermax, CJ Century, MPI, Pos Malaysia, Kawan Food, Berjaya Food, Time dotCom, Magnum, Dialog, Itmax and Malaysian Flour Mills, said Apex Research.
The Malaysian property market is expected to recover to pre-pandemic levels next year despite the headwinds, according to Association of Valuers, Property Managers, Estate Agents and Property Consultants in the Private Sector Malaysia (PEPS) executive committee member James Wong.Speaking ...