NST Online Business Times : latest
NST Online Business Times : latest |
| MAS downgraded, stock at 6-week low Posted: 22 Nov 2011 05:49 PM PST Malaysian Airline System Bhd, the national carrier, fell to a six-week low in Kuala Lumpur trading as HwangDBS Vickers Research Sdn Bhd downgraded the stock to "hold" after the company reported a RM477.6 million quarterly loss. The shares dropped 2.2 per cent to RM1.33 at 9:42 a.m. local time, set for their lowest close since Oct. 10. -- Bloomberg |
| Petronas Chem posts RM1.2b Q2 profit Posted: 22 Nov 2011 04:59 PM PST Petronas Chemicals Group Bhd, the petrochemicals arm of Malaysia's state oil company, reported a second-quarter profit of RM1.15 billion. It didn't give a year ago comparison after changing the group's financial year. Revenue for the three months through September was RM4.64 billion with olefins and derivatives leading sales, the Kuala Lumpur-based company said in a statement late yesterday. Earnings in the current quarter ending December 31 are likely to be "satisfactory" so long as there is sufficient methane gas supply, it said. -- Bloomberg |
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