Archive for January, 2013

Faber – Finally… The Long Wait Is Over (OSK)

Thursday, January 31st, 2013

Long wait is finally over.  Faber announced that it had received anapproval-in-principle from the Government of Malaysia to continue providing its non-medical healthcare support services in its existing service areas for a period of 10 years from the expiry of its concession on 28 Oct 2011. Faber maintains control in Northen States of Peninsular Malaysia.Under […]

Affin Fund Mgnt aims to be among top 10 investment firms

Thursday, January 31st, 2013

AFFIN Fund Management Bhd (AFMB), one of the smaller asset management firms in the country, plans to be among the top 10 firms within “the next year or so”, its top official said. AFMB moved up six spots to rank as the 13th largest player out of 40 by the end of last year with […]

Up with regional bourses

Thursday, January 31st, 2013

SINGAPORE shares rose yesterday, in line with regional bourses, with property developer City Developments Ltd and Thai Beverage pcl outperforming the market. The Straits Times Index was up 0.4 per cent at 3,274.43 points. City Developments rose as much as 2.4 per cent to S$ 11.69, the highest in about two weeks. Shares of Thai […]

Mart easier on selling pressure

Thursday, January 31st, 2013

The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) ended 9.61 points lower at 1,627.73, after opening 1.85 points higher at 1,639.19. The barometer index moved between 1,613.17 and 1,640.96 yesterday. Etiqa Insurance and Takaful Bhd’s head of research Chris Eng said heavy selling pressure emerged as the local market sentiment was dragged down by speculative […]

Ringgit continues to end lower

Thursday, January 31st, 2013

RINGGIT THE ringgit continued to decline against the greenback yesterday with most players remaining on the sidelines to avoid taking a long position, as they awaited the outcome of the US Federal Reserve meeting. At 5pm, the ringgit was quoted at 3.0805/0835 compared to Tuesday’s close of 3.0772/0792 against the US dollar. Yesterday, the ringgit […]

Palm futures up on speculative play

Thursday, January 31st, 2013

CPO FUTURES CRUDE palm oil futures contracts on Bursa Malaysia Derivatives closed higher on speculative play for the second consecutive day yesterday. A dealer attributed the favourable performance, the highest this year, on external factors such as Indonesia raising export tax for palm oil and expectations of dry weather affecting soy crops. For today, he […]

Eversendai expected to clinch Azerbaijan deal

Wednesday, January 30th, 2013

EVERSENDAI Corp Bhd is expected to secure a structural steel contract worth more than RM300 million for the world’s tallest skyscraper, the US$ 2 billion (RM6.1 billion) Azerbaijan Tower. The award of the contract to Eversendai will mark a new mile-stone for the company, which is a leading integrated structural steel turnkey and power plant […]

ASM Invest wants to become full-fledged syariah fund by next year

Wednesday, January 30th, 2013

KOTA KINABALU: ASM Investment Services Bhd, in a bid to double the total of current funds it manages to RM1 billion, is intensifying efforts towards becoming a full-fledged syariah-compliant fund management company by 2014. Already, four conventional funds, namely the Premier Fund, Index Fund, Balanced Fund and Dana Pertumbuhan, are up for re-branding as syariah-compliant […]

Short Term Buy (Technical) On Faber

Wednesday, January 30th, 2013

FABER – MYR1.46  Stock Code 7229 FABER  made a daily major Wave 5 low of MYR1.27 (9 Oct 2012) with grossly oversold and bullish divergent signals. We believe the stock is in a very firm daily uptrend. With all  its indicators positive, we feel that  FABER has the potential to test our indicated upside targets […]

Why Do Chinese Billionaires Keep Ending Up in Prison?

Wednesday, January 30th, 2013

Why Do Chinese Billionaires Keep Ending Up in Prison? http://t.co/YnT0PfXs L. C. Chong’s Investment and Trading Blog