Manulife Asset Management believes Malaysia is well positioned to reap the benefits of synchronized global growth, and will contribute to Asia’s growing economy in 2018.

Geoff Lewis, senior strategist asia of Manulife Asset Management revealed market outlook for 2018 and predicts that the global growth is likely to continue this year with further strong earnings growth.

Hartalega Holdings Berhad (Hartalega), the world’s largest synthetic glove manufacturer, recorded a profit after tax (PAT) of RM113.1 million for its third quarter ended 31 December .

This represents a 70.4% hike compared with RM66.4 million in the previous year’s corresponding quarter. Profit before tax (PBT) grew by 77.3% to RM138.9 million from RM78.3 million in the same quarter last year, while revenue rose by 32.2% to RM603.1 million. 

Sapura Energy Berhad also formerly known as Sapura Kencana Petroleum Berhad, has been awarded five contracts with a combined value of approximately RM 905 million. 

Sapura Fabrication Sdn Bhd has secured three EPCC contracts for Kinarut ERB West Compressor upgrading project and Bokor Betty Brownfield & Rejuvenation for Petronas Carigali Sdn Bhd and FFD Phase 2 Facilities in the North Malay Basin project for Hess Exploration And Production Malaysia BV.