Archive for November, 2012

Panasonic aims to lead LED bulb market

Friday, November 30th, 2012

PANASONIC Malaysia Sdn Bhd aims to be the country’s market leader in the light-emitting diode (LED) bulbs by capturing 40 per cent market share by next year. The company yesterday launched a new series of LED bulbs and is confident that the segment would grow in contribution to its overall business. “Market demand for LED […]

Palm futures end mixed on mild buying

Friday, November 30th, 2012

CPO FUTURES KUALA LUMPUR: Crude palm oil futures on Bursa Malaysia Derivatives closed mixed yesterday on mild buying support, dealers said. A dealer said traders were still cautious over the high level of stock despite slower productions for this month, but bearish demand for CPO products globally currently continued to threaten prices. December 2012 rose […]

Navara revs up for rainforest test

Friday, November 30th, 2012

NISSAN Navara (pic) has been chosen as the official car for the Rainforest Challenge 2012. Edaran Tan Chong Motor Sdn Bhd (ETCM) said the challenge, in partnership with Future Oracle, is a world renowned 4×4 off-road event. It will be held from December 1-10 this year at Pantai Klebang in Malacca. “The Rainforest Challenge, which […]

World Bank optimistic on Malaysia’s economy

Friday, November 30th, 2012

THE World Bank is upbeat about Malaysia’s growth momentum, projecting growth in the five per cent clip in 2012 as well as the next two years. “We expect to see the momentum from the domestic demand, especially an investment boom, since the fourth quarter of last year, to be sustained.” Senior economist for Malaysia Dr […]

Ringgit mostly higher against key currencies

Friday, November 30th, 2012

RINGGIT KUALA LUMPUR: Foreign buying interest and gains in the local bourse has spurred demand for the ringgit which saw the domestic unit trade higher at the close yesterday, dealers said. At 5pm, the ringgit was quoted at 3.0440/0470 against the greenback vis-a-vis Wednesday’s close of 3.0525/0545. The ringgit traded mostly higher versus other major […]

Genting’s Q3 net earnings fall to RM279.4m

Friday, November 30th, 2012

Revenue for the third quarter ended September 30 2012 fell 14 per cent to RM4.2 billion, compared with RM4.8 billion in the same period last year. However, there was a net fair value gain on derivative financial instruments of RM79.3 million compared with fair value loss of RM8.6 million previously and gain on disposal of […]

Malaysian banking sector stands out

Friday, November 30th, 2012

BANKS were once again one of the better-performing sectors in the latest financial reporting season, turning in results that were largely in line with expectations. Of the eight local banking groups, the third quarter earnings of the biggest two – Malayan Banking Bhd (Maybank) and CIMB Group – beat forecasts, while that of the rest […]

Maybank targets mass affluent retail customers

Friday, November 30th, 2012

MALAYAN Banking Bhd (Maybank) is counting on its new offering, which bundles together seven financial products, to help it capture more mass affluent customers as it looks to strengthen its retail banking leadership at home. Mass affluent customers typically earn about RM3,000 a month and are one of the more profitable customer segments for banks. […]

Technical Analysis Nov 2012: MFLOUR (3662)

Thursday, November 29th, 2012

MALAYAN FLOUR MILLS BERHAD Observation from Chart:- MFLOUR (3662) break down RM1.345 support level. How low will it go? Other indicator:- MACD trade at negative region, downtrend sign. Stochastic %K pending trigger BUY call. High probably it might further retrace down. Immediate support would be RM1.17 level. If rebound, immediate resistance level would be MA20, RM1.345 level. Subsequent resistance, RM1.41 […]

Telcos and banks lift Malaysia market

Thursday, November 29th, 2012

The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) rose 8.35 points to 1,606.52 after opening 5.34 points lower at 1,592.83. The market’s barometer index moved between 1,590.67 and 1,607.22 in trading yesterday. Mercury Securities head of research Edmund Tham said investors are anticipating good financial results from telcos which will announce their quarterly performance soon. […]