Archive for July, 2013

Altel targets 150,000 subscribers this year

Wednesday, July 31st, 2013

ALTEL Communications Sdn Bhd, the new kid on the block in the country’s booming but increasingly crowded telecommunication sector, targets 150,000 subscribers in its first year of operation. Altel, which aims to launch its maiden prepaid product by next month, has also teamed up with Celcom Axiata Bhd, allowing the company to use Celcom’s platform. […]

Bursa lower on losses in bank stocks

Wednesday, July 31st, 2013

The FTSE Bursa Malaysia KLCI (FBM KLCI) ended 3.7 points lower at 1,795.08 after moving between 1,792.77 and 1,800.20. CIMB lost 16 sen to RM8.15 while Maybank shed 14 sen to RM10.56, with both counters dragging down the composite index by 4.390 points. Losers led gainers 436 to 299, with 323 counters unchanged, 540 untraded […]

Ringgit unchanged against US dollar

Wednesday, July 31st, 2013

RINGGIT KUALA LUMPUR: The ringgit closed unchanged against the US dollar yesterday, but strengthened vis-a-vis other major currencies, dealers said. The local unit was quoted at 3.2240/2270 to a US dollar from 3.2240/2280 at Monday’s close. A dealer said the local note rebounded before the start of the US Federal Reserve Policy Committee meeting yesterday […]

Palm futures up on bargain buying

Wednesday, July 31st, 2013

CPO FUTURES KUALA LUMPUR: Crude palm oil (CPO) futures contracts closed higher yesterday due to bargain buying amid a rebound in soya oil prices on Chicago Board of Trade. August 2013 gained RM30 to RM2,283 a tonne, September 2013 rose RM45 to RM2,256, October 2013 added RM48 to RM2,215 and November 2013 garnered RM46 to […]


Wednesday, July 31st, 2013

Sunway MYR2.79 Stock code 5211 below: Sunway daily chart (click to enlarge): SUNWAY made a major weekly Wave 2 low of MYR2.25 (Jan 2013) with grossly oversold and bullish signals. Its positive indicators above suggest a strong upside  move. It is likely break into higher territory, as it breached its key resistance areas recently in […]

TM extends HyppTV service to Streamyx users

Tuesday, July 30th, 2013

TELEKOM Malaysia Bhd (TM) is set to boost its revenue further after making available its Internet Protocol television (IPTV) service, HyppTV, to its Streamyx subscribers. HyppTV, which was previously offered only to TM’s UniFi subscribers, is now available to Streamyx subscribers under the 4Mbps and 8Mbps Internet speed portfolio, starting August 1. TM group chief […]

Gartner: Malaysia’s IT spending to hit RM62b

Tuesday, July 30th, 2013

MALAYSIA’S total information technology (IT) spending for 2013 is expected to reach RM61.9 billion this year, up 6.4 per cent over 2012, says IT research company Gartner Inc. Gartner said the forecast is made up of telecommunications services (RM33.9 billion), devices (RM13.3 billion), IT services (RM9.8 billion), software (RM3.3 billion), and data centre systems (RM1.7 […]

Rogue Bank Trading – Day Trading Forex Chart Patterns

Tuesday, July 30th, 2013 – How Banks Use Patterns The forex market is heavily manipulated. Understanding how the banks move the forex market leads … Video Rating: 4 / 5

Khazanah in Turkish deal

Tuesday, July 30th, 2013

KUALA LUMPUR: Khazanah Nasional Bhd, through its insurance outfit Avicennia Capital Sdn Bhd, is buying a 90 per cent stake in Turkish insurer Acibadem Sigorta for US$ 252 million (RM811 million). The stake is being bought from Mehmet Ali Aydinlar, his family and The Abraaj Group. Mehmet Ali will retain a 10 per cent stake […]

Daya Materials buys into Reach Energy (Jupiter)

Tuesday, July 30th, 2013

Daya Materials Bhd, will pay RM8m for a stake in Reach Energy Bhd, a special purpose acquisition company (SPAC) headed by its director Shahul Hamid Mohd Ismail. Daya Materials will subscribe to 533,334 redeemable convertible preference shares in Reach Energy at RM4.50 each and acquire 12.4m shares in the shell company at 45 sen each. […]