Archive for June, 2013

Index rises 1.04pc

Saturday, June 29th, 2013

THE Straits Times Index yesterday rose 1.04 per cent, or 32.41 points, to 3,150.44, its fourth straight session of gains, led by real estate sector shares. Trading volume was 1.80 billion shares worth S$ 1.72 billion. Advancers outnumbered decliners 262 to 158, while 528 stocks closed unchanged. United Overseas Bank gained 1.59 per cent to […]

TNB plans to upgradeKenyir plant to 460MW

Saturday, June 29th, 2013

KUALA TERENGGANU: National power utility company Tenaga Nasional Bhd (TNB) plans to upgrade its largest hydro power plant in Kenyir, Kuala Berang, which will raise its electric power generation capacity by 15 per cent to 460 megawatt (MW). The Sultan Mahmud power plant, which has been in operations for 28 years, is generated by four […]

More range-bound consolidation likely

Saturday, June 29th, 2013

The FTSE Bursa Malaysia Kuala Lumpur Composite Index (FBM KLCI) continued to stay above its support of 1,750 when it closed at 1,773.54 points yesterday, giving a week-on-week gain of 17.69 points, or 1.01 per cent. The FBM KLCI opened marginally lower at 1,755.76 points on Monday before hitting its intra-week low of 1,723.74 on […]

AMMI eyes 10pc growth in medical device exports

Saturday, June 29th, 2013

THE Association of Malaysian Medical Industries (AMMI) has estimated an eight to 10 per cent growth in total exports from among its 45 member companies in the medical device industry this year. AMMI chairman Hitendra Joshi said the association, which accounts for more than 50 per cent of the country’s total export revenue for medical […]

KMLOONG–Fundamental Analysis (29 Jun 2013)

Saturday, June 29th, 2013

KMLOONG – Q1 2014 Financial Report (http://www.bursamalaysia.com/market/listed-companies/company-announcements/1331153) on 25 Jun 2013 Analysis Report – http://lcchong.files.wordpress.com/2013/06/kmloong-q1-2014.pdf or more (http://lcchong.wordpress.com/knowledge-sharing/) Tagged: FBMKLCI, Fundamental Analysis, KIM LOONG RESOURCES BERHAD, KLSE, KMLOONG L. C. Chong’s Investment and Trading Blog

‘Unpredictable’ Bank Negara

Saturday, June 29th, 2013

KUALA LUMPUR: Bank Negara Malaysia again emerged as among the top central banks in Asia in terms of being the least predictable in its monetary policy, says Credit Suisse. Bank of Korea and the Reserve Bank of India topped the research house’s non-Japan Asia list and Bank Negara came in second. The research house, which […]

KL bourse higher on positive sentiment

Saturday, June 29th, 2013

The FTSE Bursa Malaysia KLCI (FBM KLCI) chalked up 21.97 points, up by 1.25 per cent, to close at 1,773.54. A dealer said regional stocks rose as US Federal Reserve officals hinted at keeping easy-money policies in place until the economy is back on its feet. The Finance Index surged 219.83 points to 16,884.92, the […]

Politics & Business In Myanmar 2013

Saturday, June 29th, 2013

The phlegmatic government (you can try to get rid of the booger from your fingers but it just sticks around) of Myanmar just announced a shocking awardment of foreign telco licenses to build 4G networks in Myanmar. The winners of the 15 year concession were Telenor from Norway (DIGI fame) and Ooredoo from Qatar.What was […]

Malaysian bonds most resilient to US Fed move

Saturday, June 29th, 2013

KUALA LUMPUR: Malaysian sovereign bonds are proving the most resilient to a United States Federal Reserve-induced sell-off as the highest real return among the region’s biggest economies draws funds, while Thai debt was buoyed by an interest rate cut. Malaysia’s 10-year local-currency notes pay investors 1.8 per cent after accounting for inflation of 1.8 per […]

Slips towards US$102.50

Saturday, June 29th, 2013

OIL LONDON: Brent crude oil futures fell towards US$ 102.50 a barrel yesterday as the dollar gained following better-than-expected US consumer data, which could strengthen the case for the US Federal Reserve to reduce stimulus. Brent crude oil futures were down 15 cents at US$ 102.69 a barrel by 1415 GMT, after earlier hitting a […]