NST Online Business Times : latest
NST Online Business Times : latest |
| MISC slides on one-off US$400m charge Posted: 24 Nov 2011 05:26 PM PST MISC Bhd, the world's largest owner-operator of liquefied natural gas tankers, fell to a six-week low after saying it will incur a US$400 million charge this year from a move to stop operating container vessels. The stock slid 1.8 percent to RM6.02 at 9:06 a.m. local time in Kuala Lumpur, set for its lowest close since Oct. 12. The one-off charge will result in MISC making a loss for its financial year ending Dec. 31, it said in a statement yesterday.
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| Petronas Gas falls most in 2 months Posted: 24 Nov 2011 05:17 PM PST Petronas Gas Bhd, a Malaysian gas distributor, fell the most in two months in Kuala Lumpur trading after saying higher costs impacted its second-quarter profit. The stock fell 2.1 percent to RM12.98 at 9:05 a.m. local time, set for its largest fall since Sept. 20. The company reported net income of RM350.2 million for the quarter, without providing a year ago comparison after changing its financial year. -- Bloomberg |
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