Stock Market Books

Thursday, May 15, 2008

IOICorp second quarter profit recorded at RM601.64m

IOICorp second quarter net profit is recorded at RM 601.64m vs RM 392.17m a year ago. Revenue is recorded at RM3.52 b vs RM 2.27b. EPS is 9.89 sen. No dividends were declared.

Maybank says it is not in talks to buy more banks but looking to increase branches in Cambodia. It is committed to existing dividend payout.

Maybank third quarter earnings is recorded at RM758.6m vs RM 764.6m a year ago due to unrealized losses from marked-to-market derivatives and securities held for trading.

United Plantations first quarter net profit is recorded at RM 68.96m vs RM23.44 m a year ago due to higher output, selling price at CPO. Revenue is recorded at RM RM 226.45 m vs RM 126 m year ago.

Shell Refining first quarter profit is recorded at RM 122.5m vs Rm137.3m year ago due to lower refining margins, less stockholding gains. Revenue is recorded at RM 3.42 b vs RM2.19b
Keladi Maju chairman Tan Hua Choon’s family sells 85m shares or 11.2% from May 5-8. However, Tan still holds 65.5 m shares or 8.64%.

Malaysia is up 4 spots to 19th this year from 23rd last year, according to IMD World Competitiveness Index. US is 1st, Singapore 2nd and Hong Kong is 3rd.

Bursa is unlikely to get 30 IPOs this year if global, local challenges persist, says its CEO Yusli. However, foreigners are still keen on our local stocks.

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