Stock Market Books

Wednesday, September 30, 2009

Ramunia posted net loss of RM 26 million in Q3

30/9 FBM KLCI closed 6.13 points lower at 1202.08 points. Losing stocks overwhelmed risers 466 to 199 on volume of 695 mil shares worth RM 1.05 bil.

30/9 CPO futures fell RM 2 to RM 2,103 a tonne, New York crude oil up 46 cents to US 67.17 a barrel, while gold rose US3.9 to US 996.55 an ounce.

30/9 Maybank’s chief Datuk Seri Wahid said unit Bank Internasional Indonesia plans to open 200 new braches over the next 3 years.

30/9 Wilmar International said plans to list China operations in Hong Kong had reached an advanced stage, but no decision on IPO date was made.

30/9 Malaysia and Saudi Arabia set up a RM 8.7 bil joint ventrure company that will spearhead flow of foreign direct investment from the Middle East.

29/9 Ramunia posted net loss of RM 26 mil in Q3 due to diminishing order book and lower project margins. Revenue was RM 89 mil.

29/9 Inflation to be in the region of 1 % to 2 % until end of the year, says Bank Negara Governor Tan Sri Dr Zeti Akhtar Aziz.

29/9 European markets down in morning trade with London’s FTSE 100 Index fell 0.3% while Frankfurt’s Day Index dropped 0.46%.

29/9 E& O to bolster its working cap by RM 500 mil to prepare for the launch of about RM 4 bil worth of properties in Klang Valley and Penang, says director.

29/9 Najib: In a bid to reign in fiscal deficit, Government may cut back operating expenditure without affecting efficiency; looking at targeted subsidy.

Tuesday, September 22, 2009

stock to monitor for week starting sep 21, 2009

股項 代號 高 低 支持 阻力 開 閉 14日平均價
1.怡保工程(IJM) 3336 6.71 2.80 5.58 6.71 6.45 6.71 6.13

2.友尼森(UNISEM) 5005 1.80 0.45 1.47 1.80 1.68 1.68 1.67

3.集藝亞洲機構(CNASIA) 7986 0.525 0.13 0.285 0.525 0.285 0.525 0.29

4.MK置地(MKLAND) 8893 0.475 0.15 0.38 0.475 0.40 0.415 0.398

5.英格利斯(INGRESS) 7112 0.695 0.14 0.34 0.695 0.595 0.645 0.375

Saturday, September 19, 2009

Maxis to relist in Bursa

18/9 Maxis has proposed to relist with an exposure draft posted on the Securities Comm website. The IPO would comprise 2.25 b shares of 10c each.

18/9 FTSE announced Friday that it had added Malaysia to the watch list for its advanced emerging markets index.

18/9 European markets were in the red in Friday morning trade. The benchmark of DJ Euro Stoxx 50, FTSE 100, Cac 40 and Dax were down.

18/9 Crude palm oil gained RM 14 to Rm2,196 per tonne at 11.15 am.

18/9 The US commerce dept said Aug housing starts were up 1.5 % to an annual rate of 598,000 while another report showed Q2 household wealth rose.

17/9 Bursa Malaysia announced that the CME group will acquire a 25% equity interest in Bursa Malaysia Derivatives as part of strategic partnership.

17/9 A Bloomberg gauge of global confidence rose to 58.54 in Sept, the second month in a row it has gone above 50.

16/9 US Federal Reserve chairman Ben Bernanke said the recession that began in Dec 2007 was "very likely over at this point".

16/7 The US commerce dept said August retail sales increased 2.7 % compared to July's 0.2% drop. Non-auto purchases rose 1.1%.

15/7 A gauge of German consumer confidence rose in Sept to highest level in 3 years on improving factory orders, exports and business confidence.

15/9 Intertek survey shows Sept 1 to 15 palm oil exports fall 20 % to 529,980 tonnes. CPO up Rm 34 to RM 2,104 per tonne.

15/9 The US govt may be closed to a stake sale in Citigroup, sources told Bloomberg. The govt owns a 34% stake in the banking group.

14/9 Phase 1 of the Gorgon project will cost A$43 b. The project is forecast to earn A$300 b in LNG sales to China, India and Japan in 1st 20 years.

14/9 According to newswire reports, Chevron, ExxonMobil and Royal Dutch Shell have agreed to develop Australia's Gorgon LNG project.

14/9 According to Bloomberg report, Indian billionaire Blupendra Modi planning to invest US$100 m in Batam/Bintan resorts near Singapore.

11/9 Mulpha has proposed to sell a unit with stakes in Hong Kong listed Greenfield Chemical Holdings for HK$281 mil, or RM 129.4 mil cash.

10/9 SapuraCrest made a net profit of RM 52 mil, or 4.14 sen per share on RM 1.03bil sales in the quarter ended July 31; Proposed 3 sen dividend.

10/9 OPEC said it will keep current total production quotas at 24.845 million barrels a day; Crude oil rose 81 cents to USD 72.18.

10/9 CB Industrial said it won a contract to supply palm oil mill equipment worth USD 4.48 mil to a planter in Guatemala.

10/9 MPOB said palm oil exports dropped 9.5% in August; Stockpile increased 6.2 % to 1.415 m tonnes, while outpt was flat at 1.49 mil tonnes.

10/9 Malaysia's industrial production index fell 8.4% in July from a year ago after decreasing a revised 9.5% in June, Statistics Department.

Wednesday, September 9, 2009

Brief News to follow

9/9 Berjaya Toto said Q1 ended July 31 net profit rose 8.7% to RM 100.4 mil from RM 92.4mil made a year ago on flat revenue of RM 826mil.

9/9 Genting Singapore said it plans to sell right shares of S$0.80 each to raise up to S$1.63 bil for future acquisitions and working capital.

9/9 CPO futures was flat at RM 2,209 as at 4pm, ahead of MPOB’s latest monthly production, stockpile and export data to be released on Thursday.

9/9 Trading of Dayang shares was halted from 11am until 2.30 today because the firm plans to buy a 40% stake in Syarikat Borcos Shipping for RM 132m.

9/9 Overnight Dow gained 56.07 points, or0.6 % to 9497.34;Crude oil prices jumped USD 3.08 a barrel to USD 71.10.

8/9 In conjunction with Bumiputra-Commerce Holdings’ change of name to CIMB Group Holdings, the shares will be quoted as CIMB effective Sept 9, 2009.

8/9 McDonalds loses 8 years trademark fight against Indian restaurant McCurry, Federal Court rules that US fast food giant cannot appeal anymore.

7/9 Bank Negara’s international reserves stood at RM 329.1 bil (US$93.3bil) as at Aug 28, the central bank said today.

7/9 Maxis will design, commission and manage Astro’s next generation nationwide network infrastructure for five years under a RM 81 mil contract.

4/9 Tanjung Offshore Bhd has received a letter of Award valued at RM 15 mil from Talisman Malaysia to provide equipment and services.

4/9 China to up foreign currency quotas limit for investors of Qualified Foreign Institutional Investors programme to US$ 1 bil from US$800 mil.

3/9 EPF recorded +46.6 % in investment income to RM 4.8 bil in Q2 vs Q1 boosted by equity investment income which grew seven-fold to RM 1.74 bil.

3/9 Japanese drugmaker Dainippon Sumitomo Pharma Co to buy US rival Sepracor Inc for US$2.6 bil to expand in world’s biggest drug market.

Wednesday, September 2, 2009

Singapore and Australia's economies are growing

2/9 Singapore’s GDP may fall less than predicted at 3.6 % in 2009 as manufacturing improves, said a survey of economists by the central bank.

2/9 Fixed-line phone networks supplier Alcatel-Lucent SA plans to raise some US$1.23 bil in convertible bonds sales to refinance debt.

2/9 Australia’s GDP unexpectedly grew 0.6% in the second quarter from a year earlier on consumer spending, said Statistics Bureau.

2/9 Nymex crude oil in electronic trade increased 48c to US$68.53 per barrel while CPO third-month futures decreased RM 52 to RM 2,251 per tonne at 1:45 pm

2/9 The Dow shed 185.68 points, or 1.96% to 9,310.60 and Crude oil prices dived USD1.91 to USD 68.05 per barrel in overnight trading.

Tuesday, September 1, 2009

The world economy should be stabilized

From news coming from Europe, Australia and China, the world economy should be stabilized.

1/9 Europe’s manufacturing industry contracted less than estimated in August, with the index rising to 48.2 from 46.3 in July, a survey said.

1/9 Austalia’s central bank has kept benchmark interest rate unchanged at 3% for fifth month to spur strengthening economy.

1/9 PetroChina Company has bought a 60% stake in Canadian Anthabasca Oil Sands Corp’s MacKay River and Dover oil-sands for US$1.7 bil.

1/9 China’s manufacturing grew the fastest in 16 months in August with Purchasing Managers’ Index up to 54 from 53.3 in July.

1/9 Overnight Wall Street eased 47.92 points, or 0.5 % to 9496.28;Crude oil prices plunged USD 2.78 to USD 69.96 a barrel.