Stock Market Books

Thursday, May 29, 2008

KLCI rose 1.24 to 1261.82

KLCI rose 1.24 to 1261.82.

PPB rose 40 sen to RM 11, KPS went up 29 sen to RM 2.24 but GPkt was down 16 sen to RM 2.98, Gamuda was also down by 12 sen to RM 2.98. Oil is recorded at US $130.32

Ambank sells 26m shares or 4% of loss-making Gula Perak, cutting its stake to 141.4m shares or 21.9%.

Nomad Investment Partnership ups AirAsia stake to 5.05% or 120m shares after buying 1.2m shares on May 26. AirAsia was up 2 sen to RM 1.01 at 9.30am

Petronas is buying 40% stake in Australia’s Santos Ltd integrated natural gas project in Queensland for US$2.5b.

Equine Capital fourth quarter net loss RM 20.6m vs RM 1m profit a year ago, revenue RM 20.4 m vs RM 23.4m. As for financial year end March 31, it is subject to a net loss of RM 24.36 m vs profit of RM 3.55m.

OSK Holdings first quarter net profit is recorded at RM40.73 m vs RM 75.92m a year ago due to global financial slowdown. Revenue is recorded at RM 228.45m vs RM 288m. EPS is recorded at 6.28 sen vs 12.2 sen.

AirAsia first quarter net profit is recorded at RM 161.27m vs RM 86.87 m a year ago, boosted by RM 51.54m deferred taxation. Revenue is RM 535m vs RM 406m. EPS is 6.8sen vs 3.7sen.

28/5 Thresholds for foreign currency borrowing of RM 100m by resident company on corporate group basis, RM 10m by resident individuals now lifted.

This is to say that Forex administraton rules on borrowing in foreign currency by residents are further liberalized with immediate effect.

28/5 GDP in first quarter expanded to 7.1% on year. Agriculture up 6.3 %, Mining rose 3.7%, manufacturing plus 6.9%, Construction up 5.3%, services rose 8%.

28/5 Sime Darby third quarter net profit is recorded at RM 1.08b vs RM477.4m. Revenue is recorded at RM 8.6b vs RM 7.08b. 9-month profit is RM 2.5 b vs RM 1.75b.

28/5 KPJ Healthcare first quarter net profit is up 90% to RM 21.7m vs RM 11.41m a year ago. Revenue is RM 304.7m vs RM 256.8 m. EPS is 10.52 sen vs 5.57 sen.

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