EVENING 5: Scomi: Talks on rail division sale “preliminary”

Scomi Engineering says any talks to sell a stake in Scomi Rail are still “preliminary” as its shares jump as high as 44% in intraday trading. Meanwhile Teh Hong Piow’s LPI Capital sees 4Q net profit shrink, but still announces 55 sen dividend per share. And Rafizi Ramli warns that RON95 could hit RM2.70 per litre in June. Sharon Tang has more.