05/10

Malaysia Govt delays decision on sukuk size and timing

Malaysia has delayed making a decision on the size and timing of its first sale of Islamic bonds in eight years due to unstable market condi...

Steel Theme-play: Steel Price Upward in 2H - Ann Joo

Ann Joo: Sees upward trend in steel price in 2H. Ann Joo Resources Bhd remains bullish on the steel industry this year and 2011 on the back ...

Plantation: Malaysia unhappy with EU green directive for palm oil.

Malaysia is unhappy with the EU Renewable Energy Directive (EU RED) which assigned a much lower value of 19% greenhouse gas (GHG) emission s...

EON Cap: Expected to issue notice on EGM about RM5b takeover.

The board of EON Capital (EON Cap) is expected to send out to shareholders its EGM notice and circular on the RM5.06b takeover offer from Ho...

ASTRO: Compulsory acquisition in two months

Astro Holdings Sdn Bhd (AHSB) will now exercise its right to compulsorily acquire all remaining shares in Astro All Asia Networks PLC afte...

Sime Darby: Probe confined to energy and utilities unit

Sime Darby Bhd has clarified that an internal probe it is conducting over losses incurred in the Middle East and the Bakun hydroelectric da...

Malaysia Electronics Sector hit by high costs

The outlook of the electronics industry is good in 2H10 but it is facing a sharp increase in the selling of prices of raw materials due to ...

EONCap: To table Hong Leong Bank’s offer to shareholders

The EON Capital Bhd (EON Cap) board will table the all-cash RM5.06bn, or RM7.30 per share, takeover offer from Hong Leong Bank Bhd to shar...

Malaysia Building Society Bhd to become full-fledged bank

Banking: Top shareholders approve MBSB’s bank plan. Malaysian Building Society Bhd (MBSB) has received the blessings from its two biggest sh...

Astro: Ananda, Khazanah succeed in privatisation

Astro All Asia Networks plc’s major shareholders T Ananda Krishnan and Khazanah Nasional Bhd have now secured ownership of ove...

ASTRO Privatization May Lapse if 90% Condition Not met

About 84.3% of Astro All Asia Networks plc shareholders have accepted the privatization offer. However, the offer, which closes tomorrow, i...

PPB Group's Singapore-listed Wilmar Under Allegation of Tax Fraud

PPB Group: Awaits outcome of Wilmar probe PPB Group Bhd chairman Datuk Oh Siew Nam says the company will not comment on the impact of the...

RHBCap: Sets RM1.4bn net profit target this year

RHB Capital Bhd (RHBCap) has set another record profit target of RM1.4bn for the financial year ending Dec 31, 2010 (FY10) after maint...

EPF: Investments poised to hit RM500bn by end 2013

EPF expects its investments to reach RM500bn by end-2013, said deputy CEO Shahril Ridza Ridzuan. He said the fund’s investments stood a...

FBM KLCI Technical View: Still Above Key Lows by OSK

Trading on the local bourse yesterday was lackluster for the entire session. Although the FBM KLCI did not rebound following Monday’s rather...

Acquisition: HLBB: May ask EONCap to provide more

Hong Leong Bank Berhad may request EON Capital Bhd (EONCap) to make further provisions before the proposed acquisition of the latter is f...

FBM KLCI - Buy On Dip IOI Corp & Sime Darby

The local stock market fell on Monday in sympathy with heavier regional losses led by a 5% tumble in the Shanghai Composite Index on concern...

Takeover Offer: EONCAP adjourns board meeting

EONCap: Adjourns boad meeting on takeover offer. EON Capital Bhd said a board meeting yesterday to consider its independent adviser's o...

KLCI - Sell On Rally

FBM KLCI to Succumb to Minor Profit Taking The Malaysian stock market bounced back last week, aided by the US$1 trillion (RM3.2 tril...

TALAM - to submit document to uplift PN17 status

Talam Corp Bhd and its adviser, RHB Investment Bank Berhad, are still collating the necessary information/documents as requested by Bursa Se...

Theme-play : Rubber Likely to remain High

Rubber: Prices likely to remain high on robust demand. Faster-than-expected global economic recovery and acceleration in the demand for nat...

FBM KLCI : Sell On Rally CIMB, Maybank, Telekom

Local stocks extended gains a fifth day on Thursday in line with regional markets which climbed on higher technology earnings and as concern...

Malaysia Sport Betting : BCorp To Acquire 70 Per Cent Stake In Ascot Sports

BCorp To Acquire 70 Per Cent Stake In Ascot Sports For RM525.0 Million Cash Berjaya Corp Bhd (BCorp) is set to acquire the 70 per cent maj...

Pos Malaysia: To study TRANSMILE buy

Pos Malaysia Bhd does not rule out a possibility to take over the debt-ridden air-cargo transporter Transmile Bhd but this will only happen ...

KLCI : Buy on DIP Genting Bhd n Genting Malaysia

China Tightening and EU Debt Concerns to Dampen Sentiment The local stock market extended gains Tuesday following the USD1tn EU resc...

Malaysia Export of Electrical n Electronics Goods to be Lower : MAEI

The Malaysian American Electronics Industry (MAEI) sees the total export sales of electrical and electonics goods to be lower this year at ...

UMW: May list O&G unit by year end

UMW Holdings Bhd may list its oil and gas (O&G) division by year end, said president Datuk Abdul Halim Harun. He said the firm is still...

NAIM, CAHAYA MATA, BINTULU DA to develop RM1.5 Bil Samalaju

Naim Holdings Bhd (NAIM), Cahya Mata Sarawak Bhd (CMSB) and Bintulu Development Authority (BDA) have formed a joint venture (JV) to develop...

CIMB to set up HQ Cambodia as soon as possible

CIMB Group (CIMB) has obtained approval-in-principle to offer banking services in Cambodia by its central bank, the National Bank of Cambodi...

FBM KLCI - Buy SUPERMAX

The FBM KLCI rose 1.08 points to close at 1,333.97. Its resistance areas at 1,335 and 1,350 will cap market gains, whilst the obvious suppor...

BATU KAWAN : Earning Per Share Would Increase

Batu Kawan: To gain RM83m selling Bard Batu Kawan Bhd is selling its entire 15% stake for a capital gain of RM83.2m in Bard Sdn Bhd aft...

MAH SING: Venturing into new markets overseas

Known for its shrewd land acquisition and fast project turnaround strategies, Mah Sing Group Bhd wants to leverage on its local success by v...

SIME : Claims additional RM700m from government

Sime: Claims additional RM700m from government for Bakun. Sime Darby Bhd has put in a claim of RM700m in relation to the Bakun Hydroelectric...

KLCI : Buy On Dip AVENTA n SUPERMAX for Rebound

Early Sell-Off to 1,309/1,300 Likely Before Market Stabilize The overnight tumble on Wall Street, with the Dow Jones average plunging a...

KLCI : Buy on dip IRCB, Latexx, RHB Cap

Immediate Support at 1,324, Resistance at 1,341 Stocks should stay range bound with downward bias today as US and European markets dip ...

Masterskill: IPO retail portion priced at RM3.50

Main Market-bound Masterskill Education Group Bhd has successfully priced its initial public offering (IPO) at the top end of its indicative...

KLCI: Buy on DIP MRCB, UEMLAND, Sell On Rally AXIATA , MAYBANK

Limited Downside With Support at 1,329/1,320 Increased downside volatility on global markets, triggered by contagion fears from the Eur...

Cement Stocks Theme Play: Indonesia biggest cement producer to acquire Malaysia Cement Maker CIMA

Cement: Semen Gresik on the hunt for Malaysian company. Indonesia’s biggest cement producer, PT Semen Gresik, said yesterday it is in talk...

Bank Islam: Dubai Group no longer keen to sell stake

Dubai Group LLC may no longer be keen to sell its 30.5% stake in Bank Islam Malaysia Bhd, sources said. The Middle Eastern group had hired i...

SIME Darby: Bakun losses may balloon to RM1.7b.

Sime Darby: Bakun losses may balloon to RM1.7b. Sime Darby has incurred around more than RM1b in total cost overruns from carrying out the ...

KLCI Daily Technical Outlook - MIB

The FBM KLCI closed higher by 0.51 of a point at 1,346.89. Its resistance areas at 1,348 and 1,360 will cap market gains, whilst the obvious...

KLCI Analysis - Further Upside In Coming Weeks

Generally, technical indicators for the KLCI have improved somewhat following last week's gain, suggesting further upside in store for t...

HOP HUP appeal for financial statements submission extension

Ho Hup Construction Co Bhd says it has appealed to Bursa Malaysia for an extension to the deadline to submit its audited financial state...

Damansara Realty (DBHD) Get Conditional Takeover Exercise : Offer at RM0.80

JCorp Bhd (JCorp) and Johor Logistics Sdn Bhd, together with parties acting in concert, are undertaking a conditional takeover exercise of D...

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