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• stocknews 2:45 pm on April 30, 2011 Permalink | Reply
  Tags: klse market (1,156)   

  KLSE STOCK WATCH 

  Dated 2011-04-30

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  Malaysia posts 5-6pc growth in Jan-Feb Malaysia’s economy showed positive growth in the first two months of the year following the implementation of various projects under the Economic Transformation Programme and 10th Malaysia Plan. Minister in the Prime Minister’s Department Tan Sri Nor…..   EONCap says Primus files appeal EON Capital Bhd, a Malaysian lender, said it received notice that Primus Pacific Partners Ltd has appealed a Malaysian High Court decision yesterday to reject its petition to block a takeover of EON by Hong Leong Bank Bhd. — Bloomberg….. Ringgit expected to extend uptrend The ringgit, which has remained firm at 2.96 per US dollar, is likely to extend its present uptrend next week. A dealer said the ringgit was able to stay above the 3.00 mark due to continuous weakening of the US dollar and high commodity prices fueli….. Bargain-hunting seen lifting KL bourse Share prices on Bursa Malaysia are likely to trend higher next week on bargain-hunting with external factors swaying the market, dealers said. Affin Investment Bank’s head of retail research, Dr Nazri Khan, said that the market was going into a tough….. Palm futures set to remain bearish Crude palm oil (CPO) futures on Bursa Malaysia Derivatives are expected to remain bearish next week on concern over rising supply amid soft demand. A dealer said most traders were hoping for better Malaysia’s April palm oil export data after four mon….. Malaysia April palm oil exports up 14pc Malaysia’s palm oil exports climbed 14 per cent in April from March, independent market surveyor Intertek said today.A total of 1,255,392 metric tons were shipped from the country, up from 1,105,440 tons in March, the company said in a statement from….. Quiet trading for KL tin market Tin is expected to hover around the current price level at the Kuala Lumpur Tin Market (KLTM) next week. A dealer said the market could also see quiet trading due to lack of fresh leads. This week, tin price fell US$350 to US$32,500 per tonne from US….. Rubber prices likely to be lower next week Lack of demand especially from China due to its high level of rubber inventory is likely to drag prices in Malaysia down next week. Thailand also was selling their latex at lower prices compared to the market in Malaysia, a dealer said. Rising supply….. US stocks lifted by corporate earnings NEW YORK: US stocks rose modestly on Friday, with Dow blue chips spurred by Caterpillar’s earnings while the Nasdaq struggled after lacklustre Microsoft results and a poor Research in Motion forecast.Despite mixed economic data and a tumble in Micros….. Closure for EON Cap deal? KUALA LUMPUR: The board of EON Capital Bhd (EON Cap) has accepted the RM5.06bil takeover bid by Hong Leong Bank Bhd (HLB), capping a 16-month battle to create the country’s fourth-largest bank by assets. It also proposed a surprise net interim divide….. AirAsia to re-impose fuel surcharge starting Tuesday PETALING JAYA: Low-cost carrier AirAsia Bhd has finally succumbed to the pressure of persisting high fuel prices and will re-introduce fuel surcharge ranging from RM10 to RM30 per flight after having abolished its fuel surcharge policy in late 2008…… 41% growth in Maybank’s Indonesian unit Q1 loans PETALING JAYA: Malayan Banking Bhd’s (Maybank) Indonesian unit, PT Bank Internasional Indonesia Tbk (BII), recorded a 41% consolidated loans growth in the first quarter of 2011 compared with the previous corresponding period, outpacing the industry g….. DiGi’s Q1 profit 19% up PETALING JAYA: DiGi.Com Bhd posted a net profit of RM331.4mil for the first quarter ended March 31, which was 19% higher than RM278.3mil in the same period last year on higher revenue…… Record year for property transactions seen PETALING JAYA: Malaysia is likely to see a record year for property transactions and home price appreciation could accelerate, said CIMB Investment Bank Bhd…… Your 10 Questions with Tan Sri Dr Munir Majid Tan Sri Dr Munir Majid talks of the best advice he got and corporate leaders who circumvented regulations…… Up Close and Personal with Teng Chee Wai HwangDBS Investment Management’s CEO admits he has always been a risk taker, “otherwise, I wouldn’t have taken upthis job 10 years ago”…… MPHB unit to develop township in Philippines PETALING JAYA: Shareholders of Philippine Racing Club Inc (PRCI), a 33%-owned unit of Multi-Purpose Holdings Bhd (MPHB), have approved an agreement with Ayala Land Inc to jointly build a township on a 21ha site in Makati City, Philippines…… Ekuinas sees at least RM400m investment PUTRAJAYA: Government-linked private equity fund management firm Ekuiti Nasional Bhd (Ekuinas) is expected to make investments of RM400mil to RM600mil this year, according to Prime Minister Datuk Seri Najib Tun Razak…… Headline inflation up in March on two categories KUALA LUMPUR: Headline inflation, as measured by the Consumer Price Index, increased by 3.06% on an annual basis as at end-March, according to Bank Negara……

  Deal likely by Federal Govt, Sarawak on tariffs PETALING JAYA: The Federal and Sarawak Governments are believed to have struck an agreement on power tariffs for the Bakun Dam project early this week, sources said……   Maybank opens 10th branch in Cambodia PETALING JAYA: Malayan Banking Bhd (Maybank) has opened its 10th branch in Cambodia. Located in Kampong Cham, an established trading district, the outlet is about 125km from Phnom Penh and close to the borders of Vietnam and Thailand…… BLand subsidiary sells BToto shares KUALA LUMPUR: Berjaya Land Bhd’s (BLand) wholly-owned subsidiary, Gateway Benefit Sdn Bhd, has sold 2.69 million shares in Berjaya Sports Toto Bhd (BToto) for RM11.26mil, or an average selling price of RM4.21 each in the open market…… Masterskill wins suit against STMB PETALING JAYA: Masterskill Education Group Bhd (MEGB) has won its legal suit against Sistem Televisyen Malaysia Bhd (STMB) over visuals of its college on a TV3 news report about 60 colleges that had been deregistered…… New chairman for Pharmaniaga PETALING JAYA: Pharmaniaga Bhd has appointed a new chairman and two directors following the resignation of its chairman, Datuk Mohamed Azman Yahya, and directors Oh Kim Sun, Prof Mohammad Noor Salleh and Datuk Sulaiman Daud…… Salcon readjusts stake selling price PETALING JAYA: Salcon Bhd has readjusted downwards its selling price for the 40% stake in unit Salcon Water (Asia) Ltd to Challenger Emerging Market Infrastructure Fund Pte Ltd subject to the change in the exchange rate as at Jan 6, 2011…… Metronic auditors’ qualified opinion PETALING JAYA: Metronic Global Bhd’s external auditors, Ernst & Young, have expressed a qualified opinion in their report on the company’s audited financial statements for the financial year ended Dec 31, 2010…… Migration of talent – how can Malaysia stem the tide? Brain drain stands in the way of a high-income Malaysia, a World Bank report says. But the solutions are not easy…… The big picture on skilled labour market WILL the global downturn and fragile economies of the United States and UK prompt Malaysian talents to return, or attract talents from the West?….. Can Malaysia reform fast enough to meet challenges? LET’S face it. The fact that talented professionals and even less-skilled Malaysians have left (and leaving) for better economic prospects and a less ethnically- and religiously-polarised environment over the past three decades or more is not new…… Talent Corp CEO: Need to change business model TALENT Corp Malaysia Bhd CEO Johan Mahmood Merican shares his thoughts with StarBizWeek’s THEAN LEE CHENG about the issues covered by the World Bank’s report Malaysia Economic Monitor – Brain Drain – the importance of English language as a medi….. The ‘vicious cycle’ of brain drain WE have often heard how brain drain is a vicious cycle and how this cycle has affected Malaysia’s current and future growth prospects…… Curiosity factor adds to Ideal Jacobs appeal It’s not very often that a US-based company seeks a listing in Malaysia. It is for this reason that the listing of Ideal Jacobs (M) Corp Bhd (Ideal Jacobs Malaysia), a maker of industrial labels and nameplates, may likely pique investor interest…… Weaker dollar turns out to be a ‘winner’ in currency war LOOKS like we’ve got a clear “winner” in this so-called global currency war – the United States, of course, as its dollar continues to weaken against almost all major currencies in the world, and seemingly improve the country’s export competitiveness….. Shares likely to firm up on bargain hunting MARKET TREND – By K.M. LEE….. Eye on stock EP Manufacturing Bhd….. AirAsia X shifts marketing approach Long-haul low-cost carrier AirAsia X has shifted its marketing approach in a rising fuel cost environment as price points change and as the airline seeks to keep its passenger volumes and yields intact…… Chery getting savvy Chinese carmaker firmly on the road to global expansion with strategic moves….. DRB-HICOM’s trump card AFTER months of speculation on who will bag Khazanah Nasional Bhd’s 32% stake in Pos Malaysia Bhd, it was finally revealed that Tan Sri Syed Mokhtar Albukhary-controlled DRB-HICOM Bhd has emerged victor. Now what’s in focus is what DRB-HICOM plans to….. KRS – an alliance of telco rivals INDEED, it is rare when two dozen telcos come together for a common goal. Instead of pulling away in different directions, a competitive industry can also compel rivals within the same industry to forge alliances…… BLand banks on foreign ventures Berjaya Land Bhd (BLand) is making healthy strides in its offshore projects in Vietnam and South Korea, and it expects the foreign projects to become significant earnings contributors in the years to come…… A green look at property value Datuk Abdul Rahim Rahman notices a growingnumber of developers and building owners inMalaysia who recognises the value of going“Green”…… Reversing the brain drain Unless Malaysia succeeds in developing, retaining and attracting talent, its cherished dream of attaining high income by 2020 may be dashed to bits…… Systems thinking Andrew Sheng relates how scientist Dana usedsimple stories to relate to why there is an internal logic to systems…… The Doha Round’s premature obituary Jagdish Bhagwati warns that the Doha Round, the first multilateral trade negotiation conducted under the auspices of the World Trade Organisation, is at a critical stage…… Yomeishu distributor wants to expand into Indonesia and Vietnam MALAYSIA’s sole distributor for the Japanese traditional health tonic brand Yomeishu, Banfoong Sydney (M) Sdn Bhd, is gearing up to attract more younger consumers in the domestic market. It also aims to obtain the distribution rights for Indonesian a….. ESPN STAR Sports positive on viewership growth ESPN STAR Sports, a 50:50 joint venture between two of the world’s leading cable and satellite broadcasters, expects positive viewership growth in Asia in 2011 from the slew of sporting events taking place this year…… A tale of reach and grasp A Hedge Fund Tale of Reach and Grasp – Review by TEE LIN SAY….. Snapshots Reviews by THEAN LEE CHENG….. India’s Fortis to list two units in Singapore SINGAPORE: India’s Fortis Group, controlled by billionaire brothers Malvinder and Shivinder Singh, plans to list two of its healthcare entities in Singapore in public offers worth up to US$1.5bil, IFR reported yesterday…… Foster’s shareholders back beer and wine split MELBOURNE: Shareholders of Australia’s Foster’s Group Ltd voted yesterday to split the firm’s beer and wine operations, a decision that could clear the way for potential bidders for either business…… First offshore yuan IPO tumbles on HK debut HONG KONG: Hong Kong tycoon Li Ka-shing’s yuan-denominated initial public offering (IPO), the world’s first outside mainland China, tumbled on its trading debut yesterday but officials said the market remained full of promise…… Nasdaq, ICE may go hostile in bid for NYSE NEW YORK: Nasdaq OMX and IntercontinentalExchange (ICE) are poised to go hostile in their bid for NYSE Euronext after shareholders ratcheted up pressure on the Big Board parent to get a better deal…… Japan corporate net profit tumbles TOKYO: The devastating earthquake and tsunami on March 11 battered Japan Inc in the first three months of 2011, with companies seeing their losses slashed by a third, a survey said Friday…… Vietnam ups rates to fight inflation HANOI: Vietnam’s central bank tightened credit for the second time in four weeks yesterday, increasing two policy rates each by 100 basis points just days after the government reported annual inflation in April near a three-year high…… Indonesia stops banks from adding wealthy customers JAKARTA: Indonesia’s central bank yesterday barred 23 commercial lenders from accepting wealthy individuals as new customers for a month starting on May 2, after a major embezzlement scandal at Citibank……

   

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