Stock Market Books

Friday, May 16, 2008

KLCI up 6.52 on Friday

KLCI closed 6.52 points to 1300.67. Boustead Prop rose 71 sen to RM 5.35, KNM was up 30 sen to RM 7.20. Ringgit was 3.23 to US $1. CPO was up RM 6 to RM 3530.

Boustead Heavy Industries get 2 jobs worth RM 205m to build work barges for Swire Pacific offshore Operations.

EON Cap first quarter net profit is recorded at RM 76.63m vs RM 36.29 m a year ago. Revenue is recorded at RM 637.24m vs RM 640.7 m, boost from net income, lower loan loss provisions.

KPMG International survey shows50% world’s energy leaders concerned possible bubble in renewable technology sector, similar to dotcom boom.

Nasimuddin SM Amin’s family picks his second son, SM Nasarudin as group executive chairman, CEO of NAZA group. The appointment will take effect immediately.

Affin calls off talks for proposed acquisition of equity interest in Malaysia Assurance Alliance.

Matrade overseas promotions netted RM 127.6 m in immediate sales in first quarter. In 2007, netted Rm 175m sales. Potential sales in first quarter is RM 3.6 b.

PPB Group says volatile commodities prices make hedging challenging. Biofuel demand, entry of hedge funds makes it hard to assess outlook.

Bank Rakyat launches 4th Islamic pawn broking franchise, hopes to get provide RM 6 m financing in 1st year. It is planning 25 more franchises in 3 years.

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