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Tuesday, March 2, 2010
Market Review
Mixed on profit taking. The FBM KLCI finished flat at 1,270.78. The corporate headlines include Sime Darby reporting a 2QFY10 net profit that is 62% higher y-o-y to RM464.8m, Genting was in the black with a 4QFY09 net profit of RM245.4m versus a net loss of RM120.8m y-o-y. Air Asia reported a 4QFY09 net profit of RM76.7m versus a net loss of RM201.7m y-o-y. KKB Engineering is investing RM20m in a new steel fabrication plant to double its capacity to 30k tonnes in 1H11. Finally, US stocks were up marginally on Friday while crude oil price finished higher by USD1.32 to USD79.66.
Tuesday, March 2, 2010
Market Review
Mixed on profit taking. The FBM KLCI finished flat at 1,270.78. The corporate headlines include Sime Darby reporting a 2QFY10 net profit that is 62% higher y-o-y to RM464.8m, Genting was in the black with a 4QFY09 net profit of RM245.4m versus a net loss of RM120.8m y-o-y. Air Asia reported a 4QFY09 net profit of RM76.7m versus a net loss of RM201.7m y-o-y. KKB Engineering is investing RM20m in a new steel fabrication plant to double its capacity to 30k tonnes in 1H11. Finally, US stocks were up marginally on Friday while crude oil price finished higher by USD1.32 to USD79.66.
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