KLSE STOCK MARKET 

Dated 2011-10-31

  Maybank’s BII net profit jumps 34pc
Malayan Banking Bhd’s (Maybank) unit, PT Bank Internasional Indonesia Tbk (BII), recorded a 34 per cent increase in net profit for the first nine months ended Sept 30, 2011 to Rp555 billion from Rp415 billion (100 rupiah = RM0.0339) in the same perio…..

  ‘OSK-RHBCap merger will be top broker’
The potential merger of RHB Capital Bhd (RHB Cap) and OSK Investment Bank Bhd’s (OSK IB) would create the largest broker in Malaysia which would capture 15 per cent share of market trading value to top CIMB’s current lead at 10.4 per cent. HwangDBS V…..

OCBC cuts Malaysia GDP forecast to 4.7pc
Singapore-based OCBC Bank has revised downward, Malaysia’s gross domestic product (GDP) forecast for 2011 to 4.7 per cent from 5.8 per cent, in view of weakening export growth going into the year-end. OCBC economist Gundy Cahyadi said the country’s G…..

Genting rises, NY casino sees US$800m revenue
Genting Bhd rose to its highest level in almost three months after its Malaysian casino operator said the Resorts World Casino New York is expected to generate US$800 million in revenue next year.Genting climbed 1.1 percent to RM10.72 at 9:16 a.m. lo…..

Tenaga slides on quarterly net loss
Tenaga Nasional Bhd, Malaysia’s biggest power producer, fell the most in almost two weeks after the utility posted a second straight quarter of losses as higher fuel costs eroded margins.The stock slid 1.9 percent to RM5.75 at 10:42 a.m. in Kuala Lum…..

TRC Synergy wins RM51m jetty job
TRC Synergy Bhd’s unit Trans Resources Corp Sdn Bhd has been awarded a project worth RM51.389 million by Jabatan Kerja Raya to upgrade the infrastructures and facilities for the jetty operations in Lumut, Perak. In a filing to Bursa Malaysia, TRC Syn…..

Ireka gets RM85.2m Viet building job
Ireka Corporation Bhd’s wholly-owned subsidiary, Ireka Engineering and Construction Vietnam Company Ltd, has been awarded a contract by Hoa Lam-Shangri-La 1 Ltd for the construction of the 9-storey City International Hospital in Ho Chi Minh City, Vie…..

Lynas says slight construction delay
Lynas Corp said first feed of rare earth ore to its Malaysia refinery won’t occur until early during the first quarter of next year due to slight construction delays. The company is waiting to receive a pre-operational licence to then commence shipme…..

Hock Seng Lee bags RM90m deal
Sarawak-based Hock Seng Lee Berhad (HSL) has secured a new rural water treatment plant project in the Sarawak Corridor ofRenewable Energy (Score) worth RM90.28 million, its managing director Datuk Paul Yu Chee Hoe said today.He said the contract peri…..

MMC Corp gets nod for Gas Malaysia listing
MMC Corporation Bhd (MMC) shareholders approved proposed listing of Gas Malaysia Bhd on the Main Market of Bursa Malaysia Securities Bhd at its extraordinary general meeting (EGM) today.MMC said the listing entails the proposed offer for sale of 333,…..

Poh Kong gets SC nod for notes plan
Poh Kong Holdings Bhd has received approval from the Securities Commission for the Proposed Islamic Commercial Papers/Islamic Medium Term Notes Programme of up to RM150 million in nominal value.In a filing to Bursa Malaysia today, Maybank Investment …..

RHB injects SGD350m into Singapore ops
RHB Bank has announced a SGD350 million capital fund injection to its Singapore operations, bringing its total capital commitment in Singapore to around SGD620 million to date.RHB Bank chairman Tan Sri Azlan Zainol said: ‘We remain positive of our lo…..

Transforming GLCS’ market rises to RM312b
The market of government linked companies (GLCs) undergoing the GLC Transformation Programme (GLCT) has gone up to RM312 billion, says Deputy Finance Minister Datuk Donald Lim Siang Chai.The total collective returns to shareholders of this group of G…..

Malaysia to woo investors with blueprint
Malaysia is expected to be a leading destination for investors with the implementation of the corporate governanceblueprint early next year, said Malaysian Institute of Corporate Governance vice-president Margaret Chin.She said investors are looking …..

Envair hits 4-year high on ZAI stake buy
Envair Holding Bhd jumped to its highest in more than four years after saying ZAI Corporate Finance Ltd plans to buy as much as 30 percent of new shares in the Malaysian air pollution control systems provider.The stock surged 10 percent to 42.5 sen a…..

M3 expands at 12.5pc in Sept: BNM
Broad money (M3) expanded at a higher annual rate of 12.5 per cent in September, Bank Negara Malaysia (BNM) said.Net financing to the private sector increased by RM10.8 billion in September, driven mainly by an increase in outstanding loans as net pr…..

Results: MBSB 9 months profit jumps 142pc
Malaysia Building Society Bhd (MBSB) has reported a 142 per cent increase in pre-tax profit for the first nine months of 2011 to RM327.064 million from RM134.963 million in the same period last year.Its revenue rose to RM1.002 billion from RM561.023 …..

HLISB completes Islamic bank vesting
Hong Leong Islamic Bank (HLISB) has completed Malaysia’s first vesting of an Islamic Bank with EONCAP Islamic Bank Bhd (EIBB), following the recent integration between its parent-bank, Hong Leong Bank Berhad and EON Bank Berhad. ‘Our teams have worke…..

Biotech park key areas ready by Q3 2012
Bio-XCell, having invested RM450 million to date in the infrastructure and construction in the biotechnology park,expects the park’s key components to be completed by third quarter next year.The park, in Nusajaya, Iskandar Malaysia, is being develope…..

Malaysia’s Oct palm exports up 11.9pc: SGS
SINGAPORE – Exports of Malaysian palm oil products for October rose 11.9 percent to 1,684,077 tonnes from 1,505,002 tonnes shipped during September, cargo surveyor Societe Generale de Surveillance said today. – Reuters…..

Zelan climbs on getting award letter
Zelan Bhd, a Malaysian builder, rose to its highest level in almost three months after it received a letter of intent for RM300 million of subcontract works for a power plant project from Mudajaya Corp.The stock climbed 8.5 percent to 38.5 sen at 9:0…..

M’sia’s Q3 online consumer confidence dips
Malaysia’s online consumer confidence experienced the biggest quarterly decline in the third quarter of 2011 since the third quarter of 2008, dropping nine points to an index of 101.According to the latest global online consumer confidence findings f…..

RM232m payout for 8 Public Mutual funds
Public Bank Bhd’s unit, Public Mutual, has declared a total income distribution of RM232 million for eight of its funds for the year ended Oct 31, 2011. The distributable income for its Public Industry Fund was 5.00 sen per unit, while for Public E…..

FBMKLCI ends 0.7pc higher
Share prices on Bursa Malaysia ended higher today with the appetite for risk remaining intact from last week amid the positive global sentiment, dealers said.At 5pm, the FBM KLCI rose 10.07 points or 0.7 per cent to 1,491.89. The benchmark index had …..

Tin producers extend ban on exports
Fifteen tin producers in Indonesia, the world’s largest shipper, agreed to extend a self-imposed ban on exports until the end of the year to help boost prices. They will seek to widen support for the halt at a meeting this week.The companies took the…..

Public Mutual to pay out RM232mil in dividends for 8 funds
KUALA LUMPUR: Public Bank Bhd’s unit, Public Mutual, has declared a total income distribution of RM232mil for eight of its funds for the year ended Oct 31, 2011……
  TRC Synergy’s unit secures project worth RM51mil
KUALA LUMPUR: TRC Synergy Bhd’s unit Trans Resources Corp Sdn Bhd has been awarded a project worth RM51.39mil by Jabatan Kerja Raya to upgrade the infrastructures and facilities for the jetty operations in Lumut, Perak……

  Ringgit strengthens against US dollar at close
KUALA LUMPUR: The ringgit continued to strengthen against the US dollar at the close today on bullish external environment, dealers said……

Market of transforming GLCs goes up to RM312bil
KUALA LUMPUR: The market of government linked companies undergoing the GLC Transformation Programme has gone up to RM312 billion, says Deputy Finance Minister Datuk Donald Lim Siang Chai……

M’sia Q3 online consumer confidence down 9 points: Nielsen
KUALA LUMPUR: Malaysia’s online consumer confidence experienced the biggest quarterly decline in the third quarter of 2011 since the third quarter of 2008, dropping nine points to an index of 101……

KLCI stages comeback, bucks trend
KUALA LUMPUR: The FBM-KLCI staged a dramatic rebound in mid-afternoon trade, rising 18 points from its intraday low to 1,493.28 before settling at 1,491.89, bucking the overall sluggish trend in regional markets……

Hong Leong completes M’sia’s first Islamic bank vesting
KUALA LUMPUR: Hong Leong Islamic Bank has completed Malaysia’s first vesting of an Islamic Bank with EONCAP Islamic Bank Bhd, following the recent integration between its parent-bank, Hong Leong Bank Bhd and EON Bank Bhd. …..

HSL wins RM90mil Sarawak water treatment plant deal
KUCHING: Sarawak-based Hock Seng Lee Bhd has secured a new rural water treatment plant project in the Sarawak Corridor of Renewable Energy worth RM90.28mil, its managing director Datuk Paul Yu Chee Hoe said today……

M’sia set to woo more investors with corporate governance blueprint
KUALA LUMPUR: Malaysia is expected to be a leading destination for investors with the implementation of the corporate governance blueprint early next year, said Malaysian Institute of Corporate Governance vice-president Margaret Chin……

OCBC revises downward M’sia’s 2011 GDP growth
KUALA LUMPUR: Singapore-based OCBC Bank has revised downward, Malaysia’s gross domestic product forecast for 2011 to 4.7 per cent from 5.8 per cent, in view of weakening export growth going into the year-end……

OSK Research maintains “”overweight”" call on oil and gas sector
KUALA LUMPUR: OSK Research has maintained a “”overweight”" call on the oil and gas (O&G) sector with the top picks being Kencana Petroleum Bhd which is pegged with a “”buy”" call and fair value at RM3.17, and Dialog Group Bhd rated with a “”buy”" cal…..

Popular Book to open new outlet in Sarawak
KUCHING: Popular Book Co (M) Sdn Bhd, the country largest bookstore chain, will open a new outlet in June next year as part of its plan to expand in Sarawak and Sabah……

Tin price up
KUALA LUMPUR: Tin price on the Kuala Lumpur Tin Market (KLTM) closed higher at US$22,200 a tonne today, an increase of US$200 from US$22,000 a tonne on Friday on active buying, dealers said……

Eyecon eyes 40 outlets in three years
KUALA LUMPUR: Eyecon Optometry Network aims to open 40 outlets nationwide within three years, following the launch of its 12th outlet here today……

Strong employment growth in S’pore in Q3
SINGAPORE: Singapore saw strong employment growth in the third quarter of 2011, with total employment growing by 32,300……

Malaysia’s vastly improved global rankings show economy on right track
SUSTAINED economic reform is essential. If there’s one lesson we can take away from the economic turmoil in the West, it’s that the failure to change will drive prosperity away……

What would you do if you have a million bucks?
WHAT would you do if you have a million bucks? A poor government clerk from Bihar, a remote and poverty-stricken region of northern India, has become the first person to win 50 million rupees (RM3mil) on the popular Indian version of the gameshow Wh…..

Dijaya aims to raise market cap to RM3bil
PETALING JAYA: To beef up the financial muscles and market presence of mid-cap property company Dijaya Corp Bhd, its group chief executive Tan Sri Danny Tan(pic) aims to enlarge the company’s market capitalisation to between RM2bil and RM3bil in the …..

Two-year restructuring to turn railway profitable
ALTHOUGH efforts to turn around ailing national rail company has been long overdue, there could not be a better time than now as KTM Bhd (KTMB) needs to strengthen itself to handle a lot more business activities coming up in the near future……

Malaysian shares expected to extend gains this week
KUALA LUMPUR: SHARE prices on Bursa Malaysia are expected to extend gains this week on heightened global risk appetite boosted by good news from Europe and the US economic outlook, according to dealers……

US stocks pullback expected, but investors advised to buy this week
NEW YORK: With the S&P 500 about to end its best month in almost 40 years, many would be happy to cash in gains and start packing for the ski slopes……

Glomac eyes land in Greater KL for integrated mixed projects
PETALING JAYA: Armed with a net cash position of RM361.6mil as at July 31, 2011, Glomac Bhd is on the lookout to buy small land parcels with fast turnaround and high gross development value potential in the Greater Kuala Lumpur area……

Malaysian fasteners, plastic packaging makers bracing for slowdown in Europe
GEORGE TOWN: Manufacturers of fasteners and plastic packaging materials in Malaysia expect a slower first quarter next year……

Forum to foster better China-M’sia business ties
PETALING JAYA: Speakers at the 3rd World Chinese Economic Forum (WCEF) this week are hopeful that the event will foster better ties between Chinese and Malaysian businesses……

Bintulu’s fast growth due to oil and gas
BINTULU: Bintulu has chalked up the distinction of having the fastest growth rate in Sarawak due to its oil and gas activities……

Crude palm oil expected to perform better this week
KUALA LUMPUR …..

Rubber market expected to improve this week
KUALA LUMPUR: THE Malaysian rubber market is expected to improve this week as supply remains tight due to the rainy season and floods in Thailand, dealers said……

Tin market seen to perform better
KUALA LUMPUR: THE Kuala Lumpur Tin Market (KLTM) is expected to stage a better performance this week, with higher demand from the Japanese, European and local buyers, dealers said……

Bonus/Rights Issues
Bonus/Rights Issues…..

London investors to wtach growth data and earnings update
INVESTORS on the London stock market will pore over Britain’s latest official growth data and earnings updates from the banks this week after a week dominated by the eurozone debt crisis……

Tokyo stocks likely to remain firm this week
TOKYO: STOCKS will likely stay firm in the coming week with investor sentiment boosted after eurozone leaders struck a deal towards resolving the bloc’s debt crisis that threatens the global economy……

Wall Street investors to refocus on home front this week
NEW YORK: AFTER powerful equity relief rallies on a European debt crisis deal and stronger US economic growth, Wall Street investors are poised to refocus on the home front this week……

China’s Hu heads to Europe amid bailout hopes
SHANGHAI: China’s President Hu Jintao yesterday left for an official visit to Europe including a G20 summit, raising hopes the cash-rich country might make a firmer commitment to the European bailout fund……

China appoints new financial regulators
SHANGHAI: China has appointed new chiefs of its three main financial regulators, state media reported, in a periodic shuffle of officials by the ruling Communist Party……

All eyes on Draghi as he takes ECB helm
FRANKFURT: All eyes will be on Italy’s Mario Draghi as he takes the helm of the European Central Bank just days after European leaders hammered out a deal to solve the eurozone debt crisis……

Europe seeks quid pro quo at G20 meet
Will China and US do their part after pressing for EU leaders to put their house in order?…..

Sony may pull out of joint venture
TOKYO: Sony Corp, struggling with a loss-making television business, is considering dissolving its LCD joint venture with South Korea’s Samsung Electronics in a bid to cut costs, sources familiar with the matter said……

Panasonic seen making loss
TOKYO: Panasonic is expected to suffer a US$4bil net loss in the year to March 2012, despite an initial forecast of profit, hit by a global business downturn and stronger yen, a news report said……

Qantas to resume flights after Govt intervenes in dispute
MELBOURNE/SYDNEY (Reuters) – An Australian tribunal ordered Qantas Airways on Monday to put its planes back into the air, intervening in the nation’s most dramatic labor dispute in a decade after the national carrier grounded its entire global fleet……

Beacon Power bankrupt; had U.S. backing like Solyndra
NEW YORK (Reuters) – Beacon Power Corp filed for bankruptcy on Sunday just a year after the energy storage company received a $43 million loan guarantee from a controversial U.S. Department of Energy program……

MF Global seeks sale, hires restructuring advisers
NEW YORK (Reuters) – MF Global Holdings Ltd was in talks on Sunday with possible buyers with the aim “”squarely”" on doing a deal, a person briefed on the matter said, though all options remained on the table as the firm hired restructuring and bankr…..

Europe will not offer China concessions for aid
BERLIN (Reuters) – Eurogroup chairman Jean-Claude Juncker said on Sunday it made sense for China to invest its surplus in Europe to help the region overcome its debt crisis, but this would not involve political concessions……

German industry warns on China concessions for aid
BERLIN (Reuters) – German industry group BDI has warned Europe not to make political concessions if it seeks Chinese help in solving the euro zone debt crisis, Spiegel magazine wrote in its online edition……

Long list of dangers ahead for global economy
WASHINGTON (Reuters) – Europe’s long shadow is tempering a burst of optimism that the United States can escape recession and China achieve a soft landing……

More than 60% of global consumers downbeat
LONDON (Reuters) – Global consumer confidence remained weak in the third quarter with more than 60 percent of consumers saying it was not a good time to spend, and one-in-three North Americans saying they have no spare cash, a survey showed on Sunday…..

IMF mulls how to better help countries under strain
WASHINGTON (Reuters) – The International Monetary Fund said on Sunday that it was considering how better to help countries under economic strain because of financial market stress but said it was not targeting particular countries……

CVC makes 4 billion pound offer for RBS insurance
LONDON (Reuters) – Private equity group CVC Capital Partners has made an offer for the insurance arm of Royal Bank of Scotland for about 4 billion pounds ($6.5 billion), the Mail on Sunday reported……

UK house prices fall faster, demand dips
LONDON, Oct 31 (Reuters) The fall in house prices in England and Wales accelerated in October as consumers become increasingly worried about the outlook for the economy and shy away from buying homes, property data firm Hometrack said……

apan Azumi to take firm steps on foreign exchangeas necessary
TOKYO, Oct 31 (Reuters) Japanese Finance Minister Jun Azumi said on Monday that he would take firm measures on foreign exchange as necessary but added that he saw no specific reason behind the yen’s record high against the dollar earlier in the day. …..

UK’s PM warns against talking down global economy
LONDON, Oct 31 (Reuters) British Prime Minister David Cameron has urged colleagues, at home and abroad, to avoid talking down domestic and global economic prospects……

Australia private credit up 0.5% in Sept
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