Archive for May, 2012

Khazanah: Lots of potential in renewable energy market

Thursday, May 31st, 2012

KUALA LUMPUR: There is definite potential for Malaysian companies to become regional leaders in the renewable energy space provided they understand the market and technology well, said Khazanah Nasional Bhd executive director for investments Shahazwan Harris. He said while there are risks involved, the potential returns are there to be reaped. “From Khazanah’s point of […]

Malaysian capital mart needs spark to boost appeal

Thursday, May 31st, 2012

KUALA LUMPUR: The slew of announcements at this year’s Invest Malaysia underscored a growing sense that the capital market needs an edge as greater liberalisation sets in region. The plan for Bursa Malaysia Bhd to set up a foundation to address growth gaps in the market, with special focus on the growth of small- and […]

Maybank IB wants to strike the right balance

Thursday, May 31st, 2012

MAYBANK Investment Bank Bhd (Maybank IB) is targeting at least 20 per cent growth in group profit for its financial year ending December 31 2012. Chief executive officer Tengku Datuk Zafrul Aziz said he aims to strengthen its investment banking (IB) business in the region, which is currently dominated by the broking business by a […]

KL bourse up despite regional weakness

Thursday, May 31st, 2012

The FBM KLCI closed 9.85 points, or 0.63 per cent, higher at 1,575.17, after trading between 1,564.6 and 1,578.28. The Finance Index jumped 53.61 points to 14,055.88, Plantation Index rose 75.39 points to 8,315.08 and the Industrial Index added 13.78 points to 2,762.93. The FBM Emas Index surged 48.49 points to 10,723.42 and the FBM […]

Qatar keen on Felda Global IPO

Thursday, May 31st, 2012

QATAR Holding LLC, a unit of the Gulf nation’s sovereign wealth fund, has agreed to take part in the planned US$ 3 billion (RM9.4 billion) listing of Felda Global Ventures Holdings Bhd as a cornerstone investor, a source with direct knowledge of the deal told Reuters. It would be the first time a Middle Eastern […]

Brainless Patriotism

Thursday, May 31st, 2012

Proton is the price we pay for brainless patriotism by Koon Yew Yin The founding of Proton National Bhd in 1983 was a big expensive mistake to begin with. Billions of ringgit from taxpayers have been lost in the process. The haemorrhage could not be stanched until only recently when Khazanah Nasional Berhad sold off its 43 percent […]

Palm futures dip as investors await data

Thursday, May 31st, 2012

CPO FUTURES KUALA LUMPUR: Crude palm oil futures on Bursa Malaysia Derivatives closed lower yesterday on lack of buying interest, dealers said. Most investors remained on the sidelines, awaiting the release of May’s palm oil export figures before taking up fresh positions, a dealer said. Spot month June 2012 shed RM68 to RM3,072 a tonne […]

Perodua looking into rolling out more variants

Thursday, May 31st, 2012

Its managing director Datuk Aminar Rashid Salleh said the second national car company was even “aspiring” to introduce a sedan in the long term. He said the idea is still in the conceptual stage as the company is still gathering feedback from various parties, including its shareholder, technology and technical partner Daihatsu Motor of Japan. […]

Telekom Malaysia –Technical Buy

Thursday, May 31st, 2012

Telekom Malaysia  stock code 4863)– Trading/Services – RM4.55. Telekom Malaysia was a trading buy last month when the candle broke out of the uptrend channelat RM4.30 and the candles made a decisive breach before undergoing a brief consolidation period. Thereafter, the candles resumed its strong climb over the past few sessions to settle at RM4.55 […]

Ringgit end lower against US dollar

Thursday, May 31st, 2012

RINGGIT KUALA LUMPUR: The ringgit extended its loss against the US dollar yesterday on concerns over external developments, especially the debt crisis in Europe, dealers said. At 5pm, the ringgit stood at 3.1615/1635 a US dollar compared with 3.1465/1495previously. A dealer said the market sentiment continued to be dampened by eurozone’s debt crisis, which has […]