Archive for July, 2012

Bursa joins gainers in region

Tuesday, July 31st, 2012

The underlying FTSE Bursa Malaysia Composite Index (FBM KLCI) finished 7.41 points higher at 1,632.35 after hovering between 1,623.26 and 1,632.35 throughout the day. The local market started on a positive note as investors took the cue from the surge on Wall Street last Friday and the positive vibes spilled onto regional bourses. The Finance […]

Ringgit sees buying interest

Tuesday, July 31st, 2012

RINGGIT KUALA LUMPUR: The ringgit closed higher against the US dollar yesterday, prompted by active buying interest in line with the positive moves on the cash market, dealers said. At 5pm, the local unit was traded at 3.1510/1540 to the greenback compared to 3.1600/1630 on Friday. A dealer said the risk appetite increased on new […]

Expand but don’t look past art, culture, heritage

Tuesday, July 31st, 2012

“Ku De Ta’s famous beach bar, restaurant, beer garden nightclub and live music are often written about and described as the places to “see and be seen”, along with its bright red umbrellas, long beach lounges, palm trees and exclusive beachfront view. Anyone who popped in to Ku De Ta last year for breakfast or […]

Panasonic to shift photovoltaic operations to Kulim

Tuesday, July 31st, 2012

JAPANESE consumer electronics giant Panasonic Corp plans to shift some sizeable photovoltaic operations from its production plants in Hungary and Mexico to its new plant in Malaysia. According to news reports from Japan, the operations can be expected to commence as soon as December. Panasonic Malaysia confirmed the report saying Panasonic will reduce production of […]

YTL opens resort off Sabah

Tuesday, July 31st, 2012

YTL Hotels has started operating the first of its two planned luxury resorts on islands off Borneo. The diversified group started operating the Gaya Island Resort on July 1, YTL’s first luxury property which it also owns in Sabah and Sarawak. The resort, built at an estimated cost of RM75 million, offers a total of […]

Maybank confident of keeping BII stake

Tuesday, July 31st, 2012

KUALA LUMPUR: Malayan Banking Bhd (Maybank) is optimistic that it will be able to keep its controlling stake in Bank Internasional Indonesia (BII) despite the recent change in bank ownership rules in Indonesia. Maybank, which bought BII in 2008, currently owns 97.3 per cent of Indonesia’s eighth largest lender. BII yesterday reported a solid 61 […]

Why Parents Shouldn’t SMS

Tuesday, July 31st, 2012

Malaysia-Finance Blogspot

Technical Analysis July 2012: UMCCA (2593)

Tuesday, July 31st, 2012

UNITED MALACCA BHD Observation from Chart:- UMCCA (2593) is trading above MA20 support level. Will it break through RM7.69 resistance level? Other indicator:-1. MACD trade at positive region, uptrend sign.2. Stochastic %K pending trigger BUY call. Immediate resistance RM7.69 level.Immmediate support MA20 level. In view of insider keep acquired in huge volume,high potential break through […]

Linde shows its growth plan isn’t full of hot air

Tuesday, July 31st, 2012

LINDE Malaysia Sdn Bhd, the leading industrial gas supplier in the country, plans to invest RM600 million over the next five years as it expands and upgrades its facilities to meet growing demand of existing and new customers. “We are also currently finalising investment plans worth about RM100 million, with 50 per cent of the […]

CENSOF – A near 0% debt company

Tuesday, July 31st, 2012

Today, SinChew’s Fortune Investment has a good write-out on Century Software (Censof). It describes Censof as a good potential with near 0% debt company. Censof’s price is under consolidation after peaked at 0.555. Price found its support at 0.445 which is also its 200MA. However, as price has fallen below the 20MA there is a […]