Stock news


*July 14*

*Dow Jones* : ⬆24.45

*WTI CRUDE OIL* : 44.75
⬇2.045/ 4.38%

*BRENT OIL* : 46.56
⬇1.91 / 3.94%

*USD/MYR* : 3.97


**AIRASIA* today announced that it has ordered 200 additional CFM LEAP-1A engines to power the 100 new Airbus A321neos it is buying.

**PUNCAK* is selling its loss-making water treatment company in China, Luwei (Pingdingshan) Water Co Ltd, to a Chinese state-owned enterprise (SOE) as it makes its exit from China.

**BASSETS* unit, Berjaya Waterfront Sdn Bhd, has inked a memorandum of understanding with Foshan City Bureau of Commerce to establish a strategic collaboration partnership to foster trade and investment activities from Foshan City to the South East Asia Duty Free Trade City project at Berjaya Waterfront in Johor Bahru, Johor.

**ZHULIAN* net profit ⬇28.4% to RM7.9 million or 1.73 sen per share for the 2QFY16, from RM11.1 million or 2.41 sen per share a year ago, due to a drop in revenue and share of profit from its associate.

**THHEAVY*, whose share price has tumbled near 32% since it was slapped with two winding-up petitions from its creditors in relation to the supply of equipment and work done at its floating production, storage and offloading (FPSO) Layang project, assures that it remains focused on completing the project.

**KFM* executive director cum chief executive officer Lee Chee Kiean has resigned today due to health reasons.

**EDARAN* wholly-owned subsidiary, Edaran IT Services Sdn Bhd, has been awarded a tender to supply a weather prediction system worth RM44.62 million by the Ministry of Science, Technology and Innovation (MOSTI).