KLCI closed up 12.35 points at 1280, highest since March 5. Tanjong was up 50 sen to RM 16.50, Sime was up 35 sen to RM 9.90, IOI Prop was up 30 sen to RM 11.20.
Singapore’s GKG Investment emerged as substantial shareholder of Kinsteel with 5.1% or 46.36m shares as of April 16.
This is the stock we can monitor.
Malaysian tin has rose to a record high of US$21,560 per tonne. Oil at US$116.60. CPO falls RM88 to RM 3,465 per tonne. Ringgit is at 3.142 to US$1.
Quill first quarter net profit is RM 7.1 m, up 95% from RM 3.6 m a year ago. Revenue RM 11.38 m, up 84% from RM 6.2m a year ago. Forecast for FY2008’s net profit is RM 27.3 m.
Ming Pao, Sin Chew, Nanyang merger under Media Chinese International enabled RM 20m cost saving in 6 months, targets another RM10 m within 18 months.
This is what we called synergy effect where 1 plus 1 equals to three.
Dual listing of merged entity Media Chinese International in HK, Bursa allows unrestricted transfers between both markets, full fungibility.
Putrajaya Perdana current order book is RM 2.2b. Also it is tendering for RM 2 b projects, excluding Dubai, Iskandar region. It is hoped to secure 20 % of the projects tendered.
BCHB plans to expand Islamic banking business in Dubai and Saudi Arabia, chief executive Nazir Razak was quoted by Reuters.
Singapore based Arisaig Asean Fund accumulates 1.68m shares of Bonia Corp, from April 9 to 14, ups stake to 18.06 m shares or 9.08%.