Archive for June, 2012

Ringgit rises against the greenback

Saturday, June 30th, 2012

RINGGIT KUALA LUMPUR: The ringgit was stronger against the greenback yesterday on local commercial demand amid bearish financial market globally, dealers said. At 5pm, the ringgit stood at 3.1766/1790 against the US dollar compared with 3.1955/1985 registered at 5pm on Thursday. Meanwhile, the ringgit closed mixed against other major currencies. The local note eased against […]

AmResearch reaffirms ‘buy’ call on Media Prima

Saturday, June 30th, 2012

AMRESEARCH Sdn Bhd has reaffirmed its “buy” rating on Media Prima Bhd but with a lower fair value. The stock’s fair value is now RM2.90 from RM3.10 previously due to a downward revision in earnings. AmResearch explained that the lower value was based on a 10 per cent discount to the company’s DCF (discounted cash […]

StanChart: Bursa set to perform better in second half

Saturday, June 30th, 2012

StanChart chief investment strategist Steve Brice described the Bursa Malaysia as underweight versus its Asian counterparts. “It looks overbought at the moment and market valuations aren’t very compelling in Malaysia,” he said at a briefing yesterday. Describing it as a defensive market as it moves into the pro-risk appetite environment, he expects Bursa Malaysia to […]

Timely Research Piece On Plantations

Saturday, June 30th, 2012

HDBS Research: Sector valuation is overpessimistic. Even with lower crude oil prices and the EU debt crisis, we believe plantation stock prices have been unjustifiably sold off despite precarious vegetable oil supply outlook. By end Sep12F quarter, the combined ending stock of palm, soybean and rapeseed oils (as a share of consumption) would have been at its lowest since Sep05. There is […]

Palm futures up on buying interest

Saturday, June 30th, 2012

CPO FUTURES KUALA LUMPUR: The crude palm oil futures on Bursa Malaysia Derivatives closed higher yesterday as concern over demand for the commodity eased after European leaders agreed to tackle the region’s debt crisis. A dealer said the market reacted positively to the development of the EU summit coupled with the favourable US weather that […]

Celcom in tie-up with Transnasional

Saturday, June 30th, 2012

CELCOM Axiata Bhd, the country’s second largest mobile operator, has signed a pact with Konsortium Transnasional Bhd and Sinar Aki Sdn Bhd for a project that allows passengers on Transnasional express buses to access various wireless broadband services. The project, dubbed “57 coach-mate”, will see Sinar Aki installing Celcom’s WiFi service on-board 50 Transnasional express […]

New IPO : OCK Group Berhad, ACE Market

Friday, June 29th, 2012

ACE Market. Price at RM0.36 Opening of application : 29/06/2012Closing of application : 06/07/2012Balloting of applications: 10/07/2012Allotment of IPO shares: 13/07/2012Tentative listing date: 17/07/2012 Lowyat.NET: Latest topics in Stock Exchange

TH Heavy sets aside RM62m for capex

Friday, June 29th, 2012

KUALA LUMPUR: TH Heavy Engineering Bhd, formerly known as Ramunia Holdings Bhd, has set aside a total of RM62 million capital expenditure (capex) this year. Its managing director and chief executive Nor Badli Mohd Alias said it would be spent on upgrading its yard in Pulau Indah, Selangor, to make it more appealing for international […]

[URGENT] Anyone can explain this right issue?, Thanks.

Friday, June 29th, 2012

Dear all,I saw that AMFIRST is announcing right issue but I do not understand what it means. 5120 AMFIRST AMFIRST REITS Rights Issue 3:5 @ RM0.83 per Rights Issue Entitlement Details: Renounceable rights issue of 257,400,600 new units in AmFIRST Real EstateInvestment Trust (AmFIRST REIT) (Rights Units) at an issue price of RM0.83 perRights Unit […]

Main index up slightly

Friday, June 29th, 2012

SOUTHEAST Asian stock markets closed mixed yesterday after positive housing and durable goods data from the US the day before. “Markets took a charitable view of Wednesday’s data. It was better than expected but frankly the bar was set low,” analysts at DBS Bank Ltd. in Singapore said in a market commentary. “Treading water is […]