Analysis: China eschews fiscal fanfare for supportive spending
BEIJING (Reuters): China’s focus on fine-tuning monetary and fiscal policies to fight the risk of a sudden economic slide worries investors pricing in a sixth successive quarter of slowing growth with no obvious sign of the solid stimulus they want……
Mah Sing share price at RM1.92 on Bangi mixed devt project
Share price of Mah Sing Group Bhd rose to a high of RM1.92 in the afternoon session on Monday on news it was buying 412 acres of freehold land near Bangi for a mixed township……
GPRO sees 6.8% stake done off-market
ACE Market-listed GPRO Technologies Bhd saw a 6.8% stake transacted in an off-market deal on Monday……
KFC Malaysia launches the Pokkits
KUALA LUMPUR: KFC Malaysia launched the Pokkits today……
Malaysia’s May 1-20 palm oil exports up 3.1%
SINGAPORE (Reuters): Exports of Malaysian palm oil products for May 1-20 rose 3.1% to 865,570 tonnes……
European shares hit 5-month low on Greece jitters
LONDON(Reuters): European shares hit a fresh five-month low on Monday after losing more than 5 percent last week as investors remained jittery about the ability of Greece and Spain to deal with their debt problems and due to concerns about the bankin…..
AHB to cancel 80c of RM1 share to set off accumulated losses
AHB Holdings Bhd has proposed to reduce the issued and paid-up share capital by canceling 80 sen of the par value of each RM1 share and the credit arising would be used to set off its accumulated losses of up to RM16.92mil……
Moody’s: Malaysian GDP grew 4.7% in Q1
Moody’s Analytics estimated that Malaysia’s economy grew about 4.7% in the first quarter of 2012……
Mah Sing buys 408 acres Bangi land from Boon Siew Devt for RM330m
Mah Sing Group Bhd is buying 412 acres of freehold land near Bangi, Selangor which it plans to undertake a mixed township, focusing on double-storey link homes indicatively priced from RM530,000 onwards……
Trading volume on Bursa shrinks, KLCI barely higher
Key regional markets were mostly higher in cautious trade at midday on Monday, with the FBM KLCI barely higher while volume shrunk significantly from last Friday……
MBM Resources down after shares go ex
Shares of MBM Resources Bhd were among the decliners in the morning session on Monday after the bonus issue of 73.65 million new shares went ex……
Salcon inks RM47.5m deal with Singapore’s Darco Water
Salcon Bhd will be able to take control of two water treatment plants in China in a RM47.5mil deal with Darco Water Technologies Ltd, which is listed on the Singapore Exchange……
Brahim’s to buy remaining 49% stake in Sky Chefs for RM130m
Brahim’s Holdings Bhd has proposed to buy the remaining 49% stake in Brahim’s-LSG Sky Chef Holdings Sdn Bhd (BLH) for RM130mil cash……
Australia to seal trade deal with Malaysia Tuesday
CANBERRA: Australia will sign a free trade agreement(FTA) with Malaysia on Tuesday in a move it hopes will add new momentum to stalled bilateral trade talks with other key Asian trading partners……
Facebook faces crucial week after modest debut
NEW YORK: Newly issued shares in Facebook Inc may have a hard time in the coming week if lead underwriter Morgan Stanley stops supporting the stock and managers lower down in the IPO book who were hoping for an early surge decide to get out before go…..
Market opens firmer, Kulim in focus
The FBM KLCI opened firmer on Monday with Kulim the top gainer after the corporate exercise involving KFC Holdings and QSR Brands……
Maybank Research maintains Buy on Notion Vtec at RM1.40 TP
Maybank Investment Bank Research said it came away from Notion Vtecs analyst briefing feeling positive on its near-term earnings momentum……
CIMB Research cautious on market outlook
CIMB Equities Research said the FBM KLCI fell and closed below the key support levels of 1,566 and 1,563, eliminating the possibility of further upside potential. …..
CIMB Research: Stay invested in Telekom Malaysia
CIMB Equities Research advised investors to stay invested in Telekom Malaysia, which is its top pick, for its strong growth and little exposure to volatile regional currencies……
Global markets on edge over Greece despite G8 pledge
TOKYO (Reuters): Markets remained cautious on Monday despite world leaders calling for Greece to stay in the euro zone and for Europe to balance austerity with growth, with investors unwilling to take risks before Greek elections next month……
Too early to revise Malaysia’s economic outlook
PETALING JAYA: Although the global economy has been put on red alert again over the eurozone debt crisis, experts think it is still too early to revise their outlook for Malaysias economy this year……
LTH closer to RM3bil sale
PETALING JAYA: The first condition of Lembaga Tabung Haji’s (LTH) RM3bil proposed sale of a 95% stake in plantation company, PT TH Indo Plantations (THIP) has been fulfilled, sources said……
Shareholders to decide on Ramunias future at upcoming EGM
PETALING JAYA: Come Wednesday, shareholders of Ramunia Holdings Bhd will have to vote on significant issues facing the once-troubled company……
SMEs new credit source
PETALING JAYA: With consumer loans under pressure from the new lending guidelines, banks are tapping a new source of credit growth in lending to small and medium enterprises (SMEs)……
Malaysian shares likely to dip further
KUALA LUMPUR: SHARES on Bursa Malaysia are likely to dip further amid persistent worries over the global economy, analysts said……
US market oversold, but major signs say sell
NEW YORK: Normally a big decline would set up Wall Street for a technical rebound. But that may not be the case this week, even after the market posted its worst weekly loss for the year and the S&P fell for six straight sessions……
Taxing fame and glory at the coming Olympics in London
WITH the London Olympics literally just weeks away, media focus has been on how much was spent on the preparations. Indications are that there would be substantial costs overrun with estimates tipping US$15bil……
Dataprep plans partnerships
PETALING JAYA: Information and communications technology (ICT) services provider, Dataprep Holdings Bhd is likely to announce its partnership with several strategic partners soon to grow its business as part of its plan to turnaround the company……
Lets participate in education
IF there is one area where there is a never-ending stream of complaints, it is in education. Critics of our education system argue that the quality of education in schools and universities has dropped. We hear this plaintive cry, over and over again……
SEB opens 3 more power transmission line projects for bidding
KUCHING: Sarawak Energy Bhd (SEB) has dished out three more power transmission line projects for open bidding, including a 275kV line from Mambong near here to neighbouring West Kalimantan to facilitate the export of electricity to the Indonesian pro…..
Accord on gas pipeline
PETALING JAYA: The Timor Leste government has inked a memorandum of understanding (MoU) to partner with Germanys Europipe GmbH to build a much-needed gas pipeline from a massive offshore oil and gas field to the impoverished countrys mainland……
MISC to sail out of choppy waters
IT will get worse before it gets better. That pretty much sums up what MISC Bhd, the worlds single-largest owner-operator of liquefied natural gas (LNG) tankers, has experienced when its recent ballooning losses caught everybody by surprise……
Palm oil seen to trade lower this week
KUALA LUMPUR: THE crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives are expected to trade lower this week in the absence of positive factors, dealers said……
Bearish week ahead for rubber
KUALA LUMPUR: THE Malaysian rubber market is expected to continue its bearish momentum this week on anticipation of weakening demand for the commodity……
Tin set to continue bearis momentum
KUALA LUMPUR: THE Kuala Lumpur Tin Market (KLTM) is set to continue its bearish momentum this week as the eurozone debt crisis still weighs on the market……
Bonus/Rights Issues
Bonus/Rights Issues…..
Robust near-term outlook for JCY
JCY remains one of the cheapest technology stocks in our universe and boasts a robust near-term earnings outlook. It will continue to see positive flow-through from higher shipments by its hard-disk drive customers……
Global stock markets expected to continue struggle
A dull debut for Facebook, one of the most heavily anticipated public offerings in years, crowned another down week for US markets as eurozone instability kept fear levels high among investors……
Japanese shares can be in for rocky ride this week
TOKYO: JAPANESE shares could for a rocky ride this week after losing nearly 3.0% on Friday as ratings downgrades on Greece and Spanish banks spooked investors, piling pressure on the euro, analysts said……
Weidmann warns against raising Greek risk exposure
BERLIN: Central banks in Europe should not increase their exposure to Greece due to the high level of political uncertainty there, Bundesbank president Jens Weidmann said in a newspaper interview……
Samsung looks to resolve differences with Apple
SEOUL: Samsung Electronics mobile division chief J.K. Shin said the South Korean technology giant was still seeking to resolve differences in its international patent war with Apple Inc……
S. Korea think-tank cuts growth outlook
SEOUL: South Koreas state-run think-tank cut the nations growth forecast for this year to 3.6% from 3.8% estimated in November, citing weakening demand amid a global slowdown……
G-8 leaders back Greece
CAMP DAVID, Maryland: G-8 leaders expressed their wish to see Greece stay in the eurozone at a Camp David summit as the group papered over deep-seated divisions about how best to tackle the eurozone crisis……
BSkyB could get reprieve from UK regulator
LONDON: Britains Competition Commission is to publish a preliminary report next week suggesting that BSkyBs dominance in the pay-TV movie market has been weakened by new entrants, reducing the need to impose restrictions, a report said……
Alibaba buys back 20% stake held by Yahoo for US$7.1bil
NEW YORK (Reuters) – Yahoo Inc said it is to sell up to half of its stake in Internet entrepreneur Jack Ma’s Alibaba Group back to the Chinese company for $7.1 billion, and hand most of the sale proceeds to its shareholders……
Zuckerberg’s post-IPO wedding is smart legal move
SAN FRANCISCO (Reuters) – Getting married was a smart business move as well as a personal milestone for Facebook chief Mark Zuckerberg, with the timing of the wedding, the day after the company’s initial public offering, potentially proving particula…..
Ryanair warns Europe slowdown to cut profit
DUBLIN, May 21 (Reuters) – Ryanair, Europe’s biggest budget airline, warned surging fuel costs and a worsening economic outlook meant profit would slip by up to 20 percent in the coming year, the first fall in four years……
Turkmens close to gas deal on trans-Afghan pipeline
ASHGABAT, May 21 (Reuters) – Turkmenistan plans this week to sign a long-awaited agreement to supply natural gas to Pakistan and India through an ambitious U.S.-backed pipeline that would cross Afghanistan, a source in the Central Asian country’s gov…..
Opel CEO to face heat from workers over likely plant closure
FRANKFURT, Germany (Reuters) – The head of General Motors unit Opel will face workers’ concerns on Monday over reported plans to shut one of its four German plants as the automaker pulls production of the Astra, its best-selling model, from the count…..
Thailand to import rubber, TOCOM prices jump
BANGKOK, May 21 (Reuters) – Thailand, the world’s biggest rubber producer and exporter, will import rubber for the first time to meet deliveries at a time when domestic supply is tight because of the impact of unseasonal rains, The Thai Rubber Associ…..
Qantas to cut another 500 maintenance jobs
MELBOURNE (Reuters) – Australia’s top airline Qantas Airways said on Monday it is eliminating 500 jobs by merging maintenance facilities to save up to A$100 million ($98.4 million) annually, as high fuel costs and weak demand take a toll on airline p…..
DaVita to buy Healthcare Partners for about US$4.4bil
NEW YORK (Reuters) – DaVita Inc, the biggest U.S. operator of dialysis clinics, said it agreed to acquire HealthCare Partners for about US$4.42 billion in a cash and stock deal……
ITE’s profit rises 44 pct on higher volume sales
May 21 (Reuters) – Exhibition and conference organiser ITE Group Plc reported a higher first-half profit as volume sales jumped 30 percent, and it raised its interim dividend……
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