Wasco Greenergy tumbles 12% in disappointing debut
Renewable-energy company’s shares closed 12 sen below its IPO price of RM1 on its maiden trading day.
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Wasco rises after bagging US$200mil contract
Oil and gas services firm’s shares up 6% to its highest level in a year after clinching a contract from an Italian company.
RM100mil injection from DKNM sale will aid KNM’s recovery
RM100 million cash for working capital will enable KNM to get bank guarantees for new projects.
Beer stocks dip on upcoming 10% excise duty hike
Heineken Malaysia and Carlsberg Brewery Malaysia’s shares saw a small decline today following the budget announcement last Friday.
More pain ahead for O&G firms as oil price weakens
Oil price slump puts exploration and production firms in highly vulnerable position, says MBSB Research.
Weak outlook drives downgrade for auto stocks
TA Research issues “sell” calls on Sime Darby Bhd, Bermaz Auto and MBM Resources Bhd.
Syed Mokhtar’s DRB-Hicom surges 17% on earnings rebound
Conglomerate posts net profit of RM58 million in Q2 FY2025 from a RM17 million loss a year ago.
Petronas Gas sees dip in Q2 profit, impacted by pipeline blaze
Gas supply restoration works following the Putra Heights explosion has slightly dented the company’s Q2 profit.
Genting Malaysia’s loss-making US unit sells assets for RM2.2bil
Its US subsidiary Empire Resorts Inc is disposing its non-casino properties in New York state for US$525 million (RM2.2 billion).
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