Stock Market Books

Monday, October 20, 2008

The government will inject RM 5 bil to double the size of ValueCap Sdn Bhd to invest in undervalued companies.

20/10 Najib says government will inject RM 5 bil to double the size of ValueCap Sdn Bhd, set up in 2003 to invest in undervalued companies.

Blogger: I think the government should stimulate domestic consumption, move our project fast instead of delay some projects. The government should withdraw the windfall tax and to sustain the CPO prices as what the Minister suggested.

20/10 MAS aims to reduce operating cost by RM 1 bil this year, CEO Datuk Idris Jala said; it saved RM 738 mil last year and cut RM 665 mil in 2006.

20/10 Berjaya Land may put on hold property projects due to weak demand but confident of selling RM 350 mil properties by April, 2009, says CEO.

20/10 Naza will triple car exports to Thailand to 1,500 units by year end. Models are Kia Picanto, Bistari, Forza, says CEO.

8/10 UK announces 50 bil-pound bailout, will use taxpayers money to buy shares in 8 largest bank and building societies.

8/10 August exports up 10.6 % at RM 59.58b from RM 53.86 b a year ago, but down 5.89% from RM 63.3 b in July due to lower E&E exports to US, EU.

7/10 Tune Air mulls potential privatisation of Air Asia at indicative price of about RM 1.35 per share. No decision yet.

7/10 Khazanah ropes in Global Transit International Sdn Bhd (GTI) to strengthen Time dotcom operations. GTI part of group in Japan-US undersea cable job.

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