Stock Market Books

Tuesday, May 13, 2008

KLCI is down by 6.55 point at 1286.54

KLCI closes 6.55 points down at 1286.54. DiGi dropped 45 sen to RM 24.80, IOICorp was down 15 sen to RM 7.25, YTLpower dropped 34 sen to RM 2.32, but SSteel rose 56 sen to RM 3.76.

AMMB net profit for FY Mar 31 is recorded at RM 668m vs net loss RM 282.45m a year ago. Fourth Quarter net profit is recorded at RM 217.5 m vs net loss RM 551.5m a year ago.

FSBM targets 1.5 m users by year end for UNOS mobile phone software that cuts down roaming charges. Currently there are 35,000 users in their service.

YTLPower’s new 11.68m new shares arising from exchange of US$7m 5-year zero coupon bonds 2005 to 2010 to list Wednesday.

This is supply and demand situation. No wonder there is a sell down in YTL power because there will be a lot of shares in the market tomorrow.

March Industrial product index up 3% on year, down from February’s 6.5%. Manufacturing is up 3.7% on year, lower than February’s 6.7%.

Ong Poo Choi ceases to be substantial shareholder of Keladi Maju on May 5 after selling 23 m shares in open market.

Australia’s Westpac Banking Corp buying rival St George Bank for US $17.6 b in all-share deal, creates nation’s biggest bank in market value.

Apple Inc signs deals with Asian celcos that will see its iPhone being sold in Singapore, India and Philippines in the next few months.

MISC FY net profit is recorded at RM 2.43b vs RM 2.85b a year ago. Revenue is recorded at RM 12.9 b vs Rm 11.2b. The fourth quarter net profit is recorded at RM 774 m vs Ram 702.6 m, revenue RM 3.5 b vs RM 2.86b.

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