Archive for July, 2012

KKB Eng bags RM171m steel job (BT)

Tuesday, July 31st, 2012

KKB Engineering Bhd has been awarded with a contract for the structural steel and cladding work at the proposed Ferro Alloy Complex, Bintulu, Sarawak, worth approximately RM171 million.The contract was awarded by Pertama Ferroalloys Sdn Bhd, the employer of the complex.KKB Engineering in a filing to Bursa Malaysia today said the completion time for the […]

Rapid rally

Tuesday, July 31st, 2012

PARIS: European stocks rose yesterday, with the blue-chip Euro STOXX 50 index hitting a three-month high, as investors bet the European Central Bank will unveil steps to ease Spain and Italy’s soaring borrowing costs at its meeting later this week. At 1106 GMT, the FTSEurofirst 300 index of top European shares was up 1 per […]

UPCOMING IPO… RISDA?, worth to buy?

Tuesday, July 31st, 2012

Risda plans to list on Bursa Malaysia ALOR GAJAH: The Rubber Industry Smallholders Development Authority (Risda) intends to follow the footsteps of Felda Global Ventures Holdings (FGVH) for listing on Bursa Malaysia in future. Its chairman Tan Sri Rahim Tamby Chik said they were currently carrying out research regarding the best method for this purpose. […]

Shanghai only loser

Tuesday, July 31st, 2012

HONG KONG: Asian markets mostly rose for a second straight session yesterday on hopes for new rounds of central bank stimulus in Europe and the US to kickstart their troubled economies. The gains followed positive leads from Wall Street and Europe on Friday, while comments from European Central Bank chief Mario Draghi on Thursday on […]

Sentiment Index – Malaysia Stock Market

Tuesday, July 31st, 2012

Constructed and written by Smartbiz Most Asian markets advanced Tuesday on continued hopes for policy easing from major global central banks and some positive earnings reports. Defying the regional trend for the second time this week, China‚Äôs Shanghai Composite Index dropped 0.3% to 2,103.63, finishing at its worst level since March 2009. FBMKLCI progressed in […]

Riding on air of optimism

Tuesday, July 31st, 2012

STOCKS rose yesterday as traders grew optimistic that the US and European central banks would unveil a fresh round of stimulus spending. The benchmark Hang Seng Index added 310.44 points, or 1.61 per cent, to end at 19,585.40. The gains came despite 17 companies listed in the territory, most of them Chinese, issuing profit warnings […]

Intraday Oscillator Comparison

Tuesday, July 31st, 2012

        D_END OSC OSC+- AVG AVG+-     TODAY 140.47 120.97 87.92 64.94     SESS -1 261.44 208.14 152.85 90.96     SESS -2 53.30 405.40 61.90 193.50     SESS -3 352.10 NA 131.60 NA Sense & Cents

Gabungan wins RM141m job

Tuesday, July 31st, 2012

KUALA LUMPUR: Gabungan AQRS Bhd, an integrated engineering and construction service provider, has won a RM141 million turnkey contract involving road upgrading works in Negri Sembilan. The company, via its wholly-owned unit Gabungan Strategik Sdn Bhd, received a letter of acceptance from the Public Works Department yesterday. The contract is expected to contribute positively to […]

Lifted by bargain-hunting

Tuesday, July 31st, 2012

SOUTHEAST Asian markets closed higher yesterday as investors hunted for bargains in large caps and financial shares in a reporting season. In Singapore, the benchmark Straits Times Index rose 1.14 per cent, or 34.31 points, to 3,032.80, its highest close for a week. The index’s rally was led by casino operator Genting Singapore, which surged […]

US Investors await central bank action (ext.CNN)

Tuesday, July 31st, 2012

NEW YORK (CNNMoney) — Investors were unwilling to make any big bets Monday, waiting to see if there will be further stimulus announced by U.S. and European central bankers later this week. “The market is wading through a fog, and until there’s some clarity, we’re going to see the markets bounce around,” said Rex Macey, […]