17/7 Last minute buying saw KLCI recorded up 1.75 points to 1121.17. PetGas rose 20 sen to RM 10.20, PBBank-F jumped 20 sen to RM 10.50, TMI shot up 15 sen to RM 6.25. CPO eroded RM 27 to RM 3,439.
17/7 Public Bank second quarter net profit up 13.2 % to RM593.5m from RM 524.1m a year ago. Revenue is up 3.8% to RM 2.5 b from RM 2.4b. Interim dividend is 30 sen per share.
17/7 MIER cuts GDP forecast for 2008 to 4.6% from 5.4% earlier due to political uncertainties affecting sentiment and tourism sector.
17/7 Bursa Malaysia second quarter profit is recorded at RM28.64m vs RM 65m a year ago. In the first half, profit is recorded at RM 70.7 m vs RM 135m a year ago. Declared dividend is 16.5 per share.
17/7 Tanjong prepared to enter into talks with Tenaga on renegotiations over power purchase agreement, once IPPs windfall tax resolved.
17/7 Tanjong says the estimated impact of windfall tax on IPPs is about RM 70m per
Annum for Tanjong based on current year earnings.
17/7 Bumi Raya Intl Holding launches takeover offer for Harrisons Holdings, seeks to buy the remaining 36.26 m shares or 57.46% at RM 1.20 each.