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Tomei and Poh Kong rise as gold hits three-month high

Shares in gold jewellers and retailers Tomei Consolidated Bhd and Poh Kong Holdings Bhd surged on Bursa Malaysia as gold hit a three-month high.

Kuala lumpurPoh kong holdings bhdTomei consolidated bhdBursa malaysiaகுவாலா லம்பூர்போ காங் ஹோல்டிங்ஸ் ப்ட்

Poh Kong confident of fairly solid year

GOLD prices may be tapering off from last year’s peak, but Poh Kong Holdings Bhd remains optimistic of a better performance this year on the back of resilient demand for gold jewellery and investments. The gold jeweller believes it is in a good position to register higher revenues this year based on activity in the commodity markets, and is poised to capitalise on demand when the Covid-19 pandemic is under control. Poh Kong executive chairman and group managing director Datuk Choon Yee Seiong says he expects gold prices to continue to rise in tandem with demand from government vaults and central banks. Added to this is demand from exchange traded funds.

East malaysiaMalaysia generalDatuk choon yee seiongJoseph chaiMovement control orderPoh kong holdings bhdPoh kongChinese new yearகிழக்கு மலேசியாமலேசியா ஜநரல்ஜோசப் சாய்இயக்கம் கட்டுப்பாடு ஆர்டர்போ காங் ஹோல்டிங்ஸ் ப்ட்போ காங்சீன புதியது ஆண்டு

Perpetual allure of gold

Perpetual allure of gold 17 Dec 2020 / 11:21 H. PETALING JAYA: Jewellers are raking in sparkling profits as the demand for gold continues to rise during the Covid-19 pandemic. Many jewellery retail chains have reported unprecedented sales during this period as gold, which is seen as a hedge against inflation, retains its lustre. Since the movement control order (MCO) was implemented in March, the demand for gold has skyrocketed. The owner of the Kedai Emas Merchant9 in Kuala Lumpur, Nik Haniff Nik Hamid, saw a 100% increase in profits over last year. He told theSun yesterday that although the market seems to be erratic with the price of gold fluctuating, many Malaysians continue to invest in gold .

Kuala lumpurMalaysia generalNik haniff hamidNik haniffPoh kong holdings bhdFederation of the associations malaysian jewellersKedai emas merchantMakmur goldChannel news asiaMalaysian jewellersDatuk steven siow dek kuenKong holdings bhdகுவாலா லம்பூர்மலேசியா ஜநரல்போ காங் ஹோல்டிங்ஸ் ப்ட்கூட்டமைப்பு ஆஃப் தி சங்கங்கள் மலேசியன் நகைக்கடைக்காரர்கள்

Poh Kong s quarterly profit jumps 81% on improved business after easing of MCO

Poh Kong s quarterly profit jumps 81% on improved business after easing of MCO
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Kuala lumpurPoh kong holdings bhdBursa malaysiaPoh kongகுவாலா லம்பூர்போ காங் ஹோல்டிங்ஸ் ப்ட்போ காங்

Cymao, AirAsia, Bermaz Auto, Poh Kong, BIMB, Top Glove, UMW, KUB, BLand and 7-Eleven

KUALA LUMPUR (Dec 10): Based on corporate announcements and news flow today, stocks in focus for Friday (Dec 11) may include: Cymao Holdings Bhd, AirAsia Group Bhd, Bermaz Auto Bhd, Poh Kong Holdings Bhd, BIMB Holdings Bhd, Top Glove Corp Bhd, UMW Holdings Bhd, KUB Malaysia Bhd, Berjaya Land Bhd (BLand) and 7-Eleven Malaysia Holdings Bhd. In response to Bursa Malaysia s unusual market activity query yesterday, Cymao Holdings Bhd said the group is in the final stage of discussion with several parties on a potential new viable business venture to reduce the plywood maker s reliance on its core business. Cymao said in light of the plywood industry remaining challenging, the group has been exploring new business opportunities to expand its core business or diversify its businesses to reduce reliance on the existing core business, as well as to expand the company s earnings base.

Kuala lumpurSdn bhdTony fernandesBhd bautoCentre for aviationCymao holdings bhdAgro holdingsBank islamTop glove corp bhdTata groupAirasia india ltdBank islam malaysia bhdAirasia group bhdEleven malaysia holdings bhdAgro holdings sdn bhdBank negara malaysia