Debt concerns in Europe. The FBM KLCI ended 0.35 points lower as regional sentiment remained fragile. Today’s corporate news include a bid by MBF Holdings Bhd’s CEO to take the company private fell through after two thirds of the minority shareholders rejected the buyout offer, General Corporation’s major shareholder has offered to buy the assets and liabilities of the group for RM1.70/share, Sunrise Bhd may consider injecting some if its properties into a REIT, Carlsberg will increase its beer and stout product prices by an average 3% next month, and TRC Synergy was awarded a RM20.4m construction contract to build government apartments. We expect the market to mirror Dow Jones’ weak overnight performance (-1.9%) following a knee-jerk
reaction to Greece and Portugal’s sovereign rating downgrades as their debt woes escalate.
*Terkini – Jadual Seminar & Bengkel PUABUMI 2012
4 years ago