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• stocknews 2:10 pm on May 19, 2012 Permalink | Reply
  Tags: klse market (786)   

  KLSE STOCK WATCH 

  Dated 2012-05-19
  More KLSE news from:
  http://www.thestar.com.my

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  ‘Louis Dreyfus synergises best with FGVH’ LONDON: The strategic venture partnership between Felda Global Ventures Holdings Bhd (FGVH) and commodities giant Louis Dreyfus was a closely calculated decision that considered all political and economic factors, said FGVH president and CEO Datuk Sa…..   KL bourse likely to test 1,500 level Shares on Bursa Malaysia are likely to dip further amid persistent worries over the global economy, analysts said. They also expected more local bearishness on the weakening ringgit and commodities — the ringgit, oil and CPO (crude palm oil) prices ….. Ringgit set for further downtrend The ringgit is expected to be vulnerable to further downtrend, and may hit the 3.15 level against the US dollar next week, on escalating concerns over the eurozone debt crisis, dealers said. This is amid deepening financial stability in the eurozone ….. Palm futures expected to trade easier The crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives are expected to trade lower next week in the absence of positive factors, dealers said. Interband Group of Companies senior palm oil trader Jim Teh said the market would enter a co….. Bearishness on rubber mart to continue The Malaysian rubber market is expected to continue its bearish momentum next week on anticipation of weakening demand for the commodity. Dealers said rising fears over the eurozone debt crisis and a slowdown in China’s economy would continue to w….. KL tin mart expected to be weak The Kuala Lumpur Tin Market (KLTM) is set to continue its bearish momentum next week as the eurozone debt crisis still weighs on the market. A dealer said the market is expected to be weak as investors are adopting a wait-and-see attitude due to c….. US shares skid as Facebook IPO stumbles NEW YORK: US stocks slumped on Friday as Facebook’s keenly awaited market debut disappointed, adding to bearish sentiment about Europe’s financial woes.The Dow Jones Industrial Average dropped 73.11 points, or 0.59 percent, to finish the day at 12,36….. Murdoch denies planning to spin off UK newspapers —….. Europe’s economic woes dominate G8 gathering CAMP DAVID, Maryland (Reuters): U.S. President Barack Obama will press European leaders to ease up on fiscal austerity and focus on economic growth at a summit on Saturday that will discuss ways to stem turmoil in the euro zone and head off the risk ….. US says will bar some Motorola Mobility phones WASHINGTON (Reuters) – Some Motorola Mobility smartphones infringe on a Microsoft patent and will be barred from importation to the United States, a U.S. trade panel said on Friday…… Historic Facebook debut falls short of expectations SAN FRANCISCO (Reuters) – The historic initial public offering of Facebook Inc did not go as planned on Friday, as the social networking company’s skyhigh valuation combined with trading glitches left the stock languishing near its offering price at ….. Wall St Week Ahead: The market is oversold, but major signs say “”sell”" NEW YORK (Reuters) – Normally a big decline would set up Wall Street for a technical rebound. But that may not be the case next week, even after the market posted its worst weekly loss for the year and the S&P fell for six straight sessions…… MB: Kenanga IB took swift action PETALING JAYA: Kenanga Investment Bank Bhd (Kenanga IB) says it has acted swiftly and appropriately to address an error that had prompted it to ask for a trade cancellation last week. However, the investment bank declined to explain how it ended up t….. MOL may sell Facebook shares PETALING JAYA: MOL Global Bhd may sell off its shares in Facebook Inc and utilise the proceeds to expand its current business or distribute it as dividends to shareholders…… Adex down 0.8% to RM3.1b PETALING JAYA: Year-to-date (YTD) April 2012 advertising expenditure (adex) in the country slipped 0.8% year-on-year to RM3.15bil, according to data from information and measurement firm Nielsen…… The Star Business Awards to give away RM1m in ad space PETALING JAYA: Businesses have another strong incentive for taking part in The Star Business Awards (SOBA). Now in its third year, SOBA, formerly was known as The Star Outstanding Business Awards, will give away almost RM1mil worth of ad space and ai….. Hyundai-Sime banks on new Elantra GEORGE TOWN: Hyundai-Sime Darby Motors Sdn Bhd expects to accumulate about 4,000 orders for its new Elantra in the next two to three months…… Your 10 questions for SungHwan Do SungHwan Do answers your 10 questions…… Up Close & Personal with Edgar Perez Through his eyes we see what high-speed trading means to the world of business today…… Motor vehicle sales down to 47,736 in April KUALA LUMPUR: Motor vehicle sales dwindled to 47,736 units in April from 50,936 in the same month last year, said the Malaysian Automotive Association (MAA)…… Firefly introduces prepaid change fee KUALA LUMPUR: Firefly passengers who choose to change their flight date or time after having paid for their seats can now do so by using prepaid change fee…… UEM Land’s Nusajaya wins Fiabci award KUALA LUMPUR: UEM Land Holdings Bhd’s Nusajaya development emerged as the winner in the Master Plan Category at the prestigious Fiabci Prix d’Excellence Awards 2012……

  Boustead subsidiary UAC to be privatised? PETALING JAYA: Boustead Holdings Bhd is widely expected to announce next week that it will privatise 65.21% subsidiary UAC Bhd via a selective capital repayment exercise……   QSR and KFCH sign agreements on business disposals to MESB PETALING JAYA: QSR Brands Bhd and KFC Holdings (M) Bhd (KFCH) have signed agreements with special-purpose vehicle Massive Equity Sdn Bhd (MESB) to dispose of their business undertakings to MESB…… Allianz expects gross written premiums to grow 15% KUALA LUMPUR: Allianz Malaysia Bhd is aiming for a 15% growth in gross written premiums for its life and general insurance segments to RM3bil this year from RM2.6bil in 2011…… NJRP will invest RM30mil to expand industrial roller plant in Rawang RAWANG: NJRP (M) Sdn Bhd, which has set up an industrial roller and rubber equipment manufacturing plant, will invest RM30mil in the first phase of its expansion here…… SC chairman elected as IOSCO board member PETALING JAYA: Securities Commission (SC) chairman Datuk Ranjit Ajit Singh has been elected member of the board of International Organisation of Securities Commissions (IOSCO)…… Yung Kong will make high-end steel products in October KUCHING: Yung Kong Galvanising Industries Bhd will produce high-end steel products when its RM30mil continuous colour-coating plant in Selangor begins operations in October…… Danker first M’sian to be awarded CIPR fellowship KUALA LUMPUR: Dr Millicent Danker, founder and chief executive officer of Kuala Lumpur-based consulting firm Perception Management International, has become the first Malaysian to be awarded a fellowship by the London-based Chartered Institute of Pub….. Bursa M’sia announces two new appointments KUALA LUMPUR: Bursa Malaysia Bhd has appointed Datin Azalina Adham head of strategy and transformation, a newly created position to oversee the exchange’s overall business strategy and transformation initiatives. The appointment is effective Jan 1…… P.I.E. achieves better results in first quarter KUALA LUMPUR: P.I.E. Industrial Bhd recorded a higher pre-tax profit of RM7.19mil in the first quarter ended March 31 compared with RM6.57mil in the same period last year…… TdC profit rises in Q1 on strong wholesale business KUALA LUMPUR: Time dotCom Bhd’s (TdC) pre-tax profit for the first quarter ended March 31 increased to RM29.63mil from RM22.88mil in the same period last year…… Enhancing value at RHB Bank RHB Bank has a new man to run the bank. Can Johari Abdul Muid steer the bank on its current trajectory?….. Tackling the crowded market head on WILL Easy by RHB, a community banking concept designed to offer products in a simple, accessible and convenient way, be one of the major growth avenues for the bank in the years to come?….. Johari Abdul Muid, a brief profile JUST who is Johari Abdul Muid? Senior journalists and analysts who have met the man now tasked with running RHB Bank Bhd remember him as a feisty figure, a reputation gleaned after dealing with him from his days helming the EPF’s investment division…… RHB to bank on strong relationships with the public and private sectors Managing Director Johari Abdul Muid answers some questions…… MAS unions: ‘Hear us out’ THE biggest fear the eight employees unions and associations at Malaysia Airlines (MAS) have after rushing for two days to prepare a 48-page document outlining a plausible way they think could reverse the fortunes of the airline is that their effort ….. GUH keen on non-core ops RIDING on a strong net cash of RM142.56mil, Penang-based mainboard printed circuit board (PCB) manufacturer GUH Holdings Bhd has initiated a business action plan that will enable its non-electronic business divisions to contribute more substantially ….. YSP SAH maintains growth trajectory despite challenges ALBEIT slower economic growth and intense competition among players in the generic pharmaceutical industry, YSP Southeast Asia Holding Bhd (YSP SAH) is maintaining growth trajectory in that sector with the recent expansion of its manufacturing plant ….. Global markets’ Achilles heel THE panic buying for safe assets sparked by Greece’s political paralysis is fueling demand for US government bonds, pulling down yields on various treasury maturities near their historic lows, as well as sending global markets and commodities tumblin….. Enhancing productivity ALTHOUGH Malaysia’s productivity growth over the last couple of years has been quite encouraging, the country still has a long way to go to achieve the level that requires of it to be considered a high-income economy…… BLand of the rising sun BLand plans to debut in Japan with integrated-resort developments in Kyoto and Okinawa…… Conditions that can derail growth in the property sector Teh Lip Kim feels that adding to the factors that affect the property sector are street rallies, crime and an uncertain political environment…… Foresight in resolving social and community problems crucial for the local authorities LOOKING around our housing estates, work and recreation spaces, I believe many of us must have a wish list of things for a better living, work/study and recreational environment…… Adhering to some basic investment tips could help calm nerves, weather crises THE crippling European debt crisis, or any magnitude of economic turmoil for that matter, can put a damper on your investment goals and strategies and in most cases, it’s usually the strong that survive…… The in word in business school today is disruption Tan Thiam Hock asks how are you differentiating your products and services from the competition?….. Stopping banks from gambling The JPMorgan fiasco shows that banks are risking money on dubious bets, says P Gunasegaram…… A summer of discontent Lin See-Yan provides some analysis of the dire state the European economy is in…… Focus on advertising effectiveness THE effectiveness of advertising campaigns has become a much more important issue nowadays due to the pressure on marketing budgets and the tougher environment for achieving sales growth…… Shell Lubricants to ride on The Star’s iSnap to enhance profile SHELL Lubricants, a division of Shell Malaysia Trading Sdn Bhd, will bank on The Star ’s new augmented reality feature, iSnap, as a platform to enhance the presence of its Shell Helix motor oil in the lubricant market and forge close interaction wit….. ‘Buy’ call on APM re-affirmed APM AUTOMOTIVE HOLDINGS BHD; JOBSTREET CORP BHD; AMMB HOLDINGS BHD….. Solid dividend play stock While stepping into the limelight of being a public-listed company might not be something Gas Malaysia Bhd managing director Datuk Muhamad Noor Hamid is accustomed to, he seems to be grabbing the bull by the horns to ensure that the country’s industr….. Support seen at 1,500 points MARKET TREND – By K.M. LEE….. Eye on Stock Sime Darby Bhd….. Becoming a Goldfayn evangelist Evangelist Marketing: What Apple, Amazon and Netflix Understand About Their Customers (That Your Company Probably Doesn’t) – Review by CHOO LI-HSIAN….. Snapshots Compiled by THEAN LEE CHENG….. ANZ chief: Europe credit markets frozen SYDNEY: European lending markets have frozen due to heightened risk aversion, Australia and New Zealand Banking Group (ANZ) chief executive said, potentially further increasing the cost of funds for banks…… Big insurers to bid for ING Asia unit HONG KONG: Global insurers Manulife Financial Corp, Metlife and Prudential Financial Corp are among suitors expected to place first-round bids to buy ING Groep’s Asia life insurance unit in a deal worth about US$6.5bil to US$7bil, sources said…… Gap raises profit outlook, shares up 8% CHICAGO: Clothes retailer Gap Inc raised its yearly profit forecast, prompted by first-quarter earnings that topped Wall Street estimates and rising sales, and its shares rose 8% after hours. For the full year, Gap estimated earnings of US$1.78 to US….. Strong Wal-Mart profit trumps bribery probe concerns CHICAGO: Wal-Mart Stores Inc’s profit and sales surpassed expectations as more people shopped at its established US stores and spent more, pushing shares up more than 4% despite ongoing internal and government probes into possible bribery.       ….. Thailand bids to bolster rubber prices BANGKOK: Thailand, the world’s biggest rubber exporter, plans to buy more than 10,000 tonnes on the Tokyo and Shanghai exchanges to boost prices, according to Rubber Estate Organisation managing director Chanachai Plengsiriwat…… India’s State Bank Q4 profit jumps 200 times MUMBAI: Quarterly profit at State Bank of India (SBI), the country’s biggest lender, jumped nearly 200 times on the back of a sharp drop in provisions for bad loans and strong credit demand, sending its shares up 4% in a subdued market.       ….. US sets tariffs on China solar imports BEIJING: The United States imposed punitive tariffs on solar panel imports from China, the latest in a series of trade disputes between the world’s two biggest economies and sparking accusations by Beijing of protectionism…… Japan bright and breezy TOKYO: Japan’s government took a brighter view of the economy in a report yesterday, thanks to improvements in private consumption and exports, but it warned that Europe’s debt crisis and financial market swings could worsen the outlook.       …..

   

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