News about UOB

KUALA LUMPUR (Aug 15): Major shareholder Datuk Seri Tew Kim Thin has failed in his bid to take over Pasdec Holdings Bhd via his private vehicle Jasa Imani Sdn Bhd.

KUALA LUMPUR (July 23): Putrajaya may not have any leeway to cut the corporate tax rate in the short to medium term, but economists say there are other approaches it can consider to ease the cost of doing business.

KUALA LUMPUR (July 9): UOB Kay Hian Securities (M) Sdn Bhd believes Malaysian Resources Corp Bhd (MRCB) would not be affected if Prasarana Malaysia Bhd is unable to raise additional funds to complete the construction of the third light rail transit (LRT3), which has reached 10% to-date.

KUALA LUMPUR (May 31): The cancellation of the third mass rapid transit line (MRT3) has caught investors by surprise and subsequently precipitated another broad market meltdown, which had fallen by the biggest single-day drop since 2008, according to UOB Kay Hian Securities (M) Sdn Bhd.

KUALA LUMPUR (Sept 6): The oversupply of office and retail space in Malaysia is “far from over”, according to UOB Kay Hian Securities (M) Sdn Bhd.

IJM Corp Bhd (Aug 24, RM3.

KUALA LUMPUR (July 17): IJM Corp Bhd clinched a RM450.

SINGAPORE (July 17): UOB KayHian is recommending take up Nesta Investment’s offer to privatise Global Logistic Properties as it is above the brokerage’s target price of S$2.

SINGAPORE (July 4): UOB Kay Hian is reiterating its “buy” call on CapitaLand Commercial Trust (CCT), following news of its divestment of Wilkie Edge to construction and property development firm, Lian Beng Group, for a consideration price of S$280 million (RM870 million).

KUALA LUMPUR (May 9): Bank Negara Malaysia (BNM) is most likely to keep the overnight policy rate (OPR) unchanged at its monetary policy meeting this Friday, according to UOB Malaysia.