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• stocknews 2:55 pm on October 30, 2010 Permalink | Reply
  Tags: klse market (699)   

  Malaysian stock exchange, 2010-10-30 

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  SapuraCrest expands business in Vietnam HANOI: Leading regional oil and gas services provider SapuraCrest Petroleum Bhd (SapuraCrest) on Saturday signed a cooperation agreement with PetroVietnam Technical Services Corporation (PTSC) as a further step in establishing its commitment to Vietn…..   Broadband charges reasonable: Salang Current broadband charges by telecommunication service providers in Malaysia reasonable and affordable, said Deputy Minister of Information Communication and Culture Datuk Joseph Salang Gandum. Salang said if the people really understood the benefit….. Malaysia eyes 30pc of global birds nest mart Malaysia aims to capture 30 per cent of the global birds nest market, which is worth US$1.5 billion (RM4.7 billion) annually, by 2020 under the government’s Economic Transformation Programme. Veterinary Services Department director-general Datuk Dr A….. FBM KLCI expected to be firmer next week Malaysian shares are set to be higher next next week with the market baromoter, FTSE Bursa Malaysia Kuala Lumpur Composite Index (FBM KLCI), expected to test the record high of 1,516.22, dealers said.The FBM KLCI, which breached the 1,500-mark on Fri….. Ringgit seen bullish, rise could be capped The ringgit is expected to stay firm against the US dollar next week as investors look to load Asian currencies, including the ringgit, dealers said.A dealer said investors would be focusing on the US Federal Reserve meeting on Nov 2-3 to see how the….. CPO futures likely to see slight uptrend Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives are expected to see a slight uptrend next week,dealers said. They said the support level was expected to be at RM3,000 and resistance at RM3,100. CPO prices hovered around RM3,070 p….. Rubber traders to wait and see The Malaysian rubber market is likely to track developments in China and Tokyo for direction next week, dealers said. They said the traders would adopt a wait-and-see attitude as there were market talks that China was likely to tighten trading rules….. KL tin mart set to trend upwards The Kuala Lumpur Tin Market (KLTM) is likely to be on uptrend next week with prices set to hover around US$27,000 pertonne, dealers said. A dealer said strong fundamentals would spur prices to improve further. ‘With the current price levels at thei….. US stocks flat despite rise in GDP NEW YORK: Trade on Wall Street ended flat on Friday after in-line news of a modest rise in US economic output and record Microsoft revenue, while Chevron’s earnings largely disappointed.The blue-chip Dow Jones Industrial Average rose 4.54 points (0.0….. #Stocks to watch:* MMHE, Freight Management, MAHB, L&G KUALA LUMPUR: Key regional markets are expected to continue their consolidation on Monday, Nov 1 after US stocks ended on…….. CIMB Group takes lead in fostering closer China-ASEAN relations KUALA LUMPUR: The CIMB Group will take the role as the representative bank for Malaysia in fostering closer China-ASEAN relations.CIMB…….. US STOCKS-Solid October ends flat ahead of Fed, elections NEW YORK: U.S. stocks ended on a flat note on Friday, Oct 29, wrapping up another strong month driven…….. GLOBAL MARKETS-Bonds rally, dollar slips before eventful week NEW YORK: Bond prices jumped and the dollar eased on Friday, Oct 29 after data showed the U.S. economy…….. Does white-collar crime pay? A FEW recent decisions by the courts on sentencing white-collar criminals have thrust a seemingly perennial problem into the limelight again – that of the lack of deterrent sentencing for such perpetrators…… What the Securities Commission (SC) says Inadequate punishment of major corporate crimes continues to tarnish our capital market…… The lack of deterrent sentencing Recent cases of white collar crime…… Notable foreign white-collar crimes and punishment While our courts may appear hesitant to impose custodial sentences on company directors who have broken the law, in other countries, the courts have acted swiftly to place wrong-doers behind bars…… Challenges in making a case IN 2005, the Australian courts sentenced one Rodney Alder to 4½ years in jail after he pleaded guilty to four criminal charges of making false statements about a purchase of shares in insurance company HIH and lying to obtain money from HIH for a com….. A magnet that discriminates Errol Oh questions the tax incentive scheme for Iskandar Malaysia…… A campaign to educate credit card issuers P. Gunasegaram proposes a campaign to educate credit card issuers……

  Will price take its toll? Anita Gabriel wonders if EPF and Khazanah should make a more compelling offer for PLUS……   Rejuvenating George Town Andrew Sheng talks about how Penang can escape the middle income trap…… From stonewalling to seeing the writing on the wall Shireen Muhiudeen highlights the standoff between a neighbouring stock exchange regulator and a public listed company…… Kumpulan Jetson director seeking legal advice against removal PETALING JAYA: Chow Chee Kin, the director at Kumpulan Jetson Bhd who was recently asked to vacate his position, says he is seeking legal advice on the matter…… IOI Corp to expand palm oil ops in China PUTRAJAYA: Second-largest listed palm oil planter in Malaysia IOI Corp Bhd is looking to expand into China’s downstream business of palm oil when the timing is right…… Perak Corp unit ends shareholders agreement PETALING JAYA: Perak Corp Bhd’s wholly owned subsidiary Taipan Merit Sdn Bhd has terminated the shareholders agreement with Integrax Bhd governing the management of Lumut Maritime Terminal Sdn Bhd (LMTSB)…… MAHB posts lower profit SEPANG: Malaysia Airports Holdings Bhd (MAHB) reported a lower after-tax profit of RM61mil for the third quarter ended Sept 30, 2010 compared with RM83.5mil in the same period a year earlier…… Bursa raps and fines Liqua, six former directors PETALING JAYA: Liqua Health Corp Bhd and six former directors were publicly reprimanded yesterday and fined a total of RM1.63mil by Bursa Malaysia Securities for failing to discharge their duties…… BII records US$47m net profit KUALA LUMPUR: PT Bank Internasional Indonesia Tbk (BII), the Indonesian unit of Malayan Banking Bhd (Maybank), has recorded a net profit of 415 billion rupiah (US$47mil) for the first nine months ended Sept 30…… MHB dominates in Bursa debut KUALA LUMPUR: Malaysia Marine and Heavy Engineering Holdings Bhd (MHB) debuted strongly on the Bursa Malaysia main market yesterday, closing with a 71 sen premium over its offer price of RM3.80 per share…… Call for Sime to extend transparency to other ops PETALING JAYA: Analysts and fund managers urged Sime Darby Bhd to provide the same clarity for its other divisions as it has done with the release of guidelines for the purchases of goods and services in its plantation division in a shareholder’s cir….. MAS makes Raja Zamila VP, comms KUALA LUMPUR: Malaysia Airlines (MAS) has appointed Raja Zamilia Raja Datuk Seri Mansur executive vice-president of communications effective Nov 1…… Parkway signs S$750mil facility SINGAPORE: Parkway Holdings Ltd has signed a master murahabah agreement with The Islamic Bank of Asia for debt facilities of up to S$750mil…… Pemandu operating budget for 2011 is RM40mil PETALING JAYA: Performance Management and Delivery Unit (Pemandu)’s operating budget for 2011 is RM40mil and not RM729mil as reported…… Hovid classified as PN17 company PETALING JAYA: Hovid Bhd was classified as a Practice Note 17 company effective yesterday by the exchange after its auditors expressed a disclaimer opinion on its financial statements for year ended June 30 (FY10) following defaults on certain loans ….. New CEO for PETGAS Trading PETALING JAYA: Petroliam Nasional Bhd subsidiary PETGAS Trading (UK) Ltd has appointed Klaus Reinisch chief executive officer…… Bursa facility for futures traders PETALING JAYA: Bursa Malaysia Derivatives (BMD) has launched its Internet connectivity facility for futures traders to trade its derivatives products directly via the web-version of BMD Order Management System…… Seloga shareholders call EGM to remove ED PETALING JAYA: Two shareholders holding a combined 21% stake in Seloga Holdings Bhd have called for an EGM to remove Datuk Samsudin Abu Hassan as executive director…… i-Great eyes regional market for takaful JV KUALA LUMPUR: i Great Capital Holdings Sdn Bhd (i-Great), the parent of the new joint venture (JV) takaful licensee Great Eastern Takaful Sdn Bhd, hopes to expand its Islamic insurance operations in Indonesia and Brunei by the second half of next yea….. Your 10 questions for S.M. Mohamed Idris Consumers Association of Penang president S.M. Mohamed Idris fields the 10 questions posed to him by our readers…… Up close and personal with Lutz Bethge The Montblanc International CEO and MD says ‘when you write with a pen, you are putting your soul on paper.’….. AIA shares surge on debut HONG KONG: Shares in AIA Group Ltd opened up 11.8% on their trading debut yesterday, ahead of market expectations, as investors piled into Hong Kong’s biggest initial public offering (IPO)…… GM to repay taxpayers DETROIT: In a series of moves that pave the way for an initial public offering (IPO) and strengthen its finances, General Motors Co said on Thursday it would repay US$2.1bil to US taxpayers and make early payments to pension and retiree health plans…… Toyota secretly bought problem cars, lawsuit says LOS ANGELES: Toyota secretly bought back from US consumers vehicles it found with speed-control defects as part of a strategy to hide unintended-acceleration problems from safety regulators and the public, a revised lawsuit claims…… Honda lifts forecasts as Q2 profit soars despite yen TOKYO: Honda Motor Co’s rosier forecasts and a doubling in quarterly profit showed deep cost cuts could go a long way in absorbing currency losses, but Japanese rivals more reliant on exports face a tough second half…… CPO price rally continues TOP international palm oil expert Dorab Mistry predicted in March that crude palm oil (CPO) prices will breach the RM3,000-per-tonne mark after June, and again made similar forecast in August stressing on the supply shortage concerns amid strong dema….. FTAs can help SMEs expand into new markets WITH competition getting stiffer in the local market following the Government’s liberalisation initiatives, it is timely for small and medium enterprises (SMEs) to expand into new markets to remain competitive…… The long delay gives TNB a catalyst to move forward THE lack of clear progress on the long delayed electricity tariff restructuring exercise is a major sore for stakeholders in Tenaga Nasional Bhd…… Mayland sees demand for city condominiums Hong Kong-based property developer Malaysia Land Properties Sdn Bhd (Mayland) is very bullish about demand for high-rise condominiums in the city…… Most Malaysians cannot afford the high price of property Angie Ng laments on the sad fact that mostMalaysians cannot afford a house…… Blowing lethal bubbles again? PRINT more money, inject them into the system and the problems will ease?….. Having a reasonable amount of debt is generally okay MOST of us carry some kind of consumer debt. It could be in the form of a hire purchase, mortgage, personal loan or even credit card balances…… Importance of keeping a good credit record Tay Han Chong talks about the importance ofkeeping a good credit record…… Debunking theories Review By ABBY WONG….. Snaphots Compiled by THEAN LEE CHENG….. Building Y&R towards the next phase ROBERT McBrain, who joined Y&R Malaysia as chief executive officer at the end of last year, has big plans for the creative agency…… Y&R’s new ‘creative at large’ AFTER months of speculation that former BBDO/Proximity Malaysia executive creative director Mun Tuck Wai was looking for opportunities overseas, his whereabouts have finally been confirmed – and it’s closer than you think…… Balancing the creative fund allocation Hafidz Mahpar wishes there would be more balance in the creative fund allocation…… Treasury pulse Global Foreign Exchange Market….. No easy passage for the bulls Share prices on Bursa Malaysia kicked off the week on a firmer platform, with the benchmark FBM Kuala Lumpur Composite Index (FBM KLCI) rebounding 2.89 points, or 0.19% to 1,493.53 on bargain hunting interest…… Eye on stock HPI Resources Bhd shares penetrated their most recent peak of RM1.99 to achieve a 10½-year high of RM2.12 during intra-day session amid strong follow-through buying momentum yesterday……

   

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