Lower across the board. The FBM KLCI fell 7.62 points to 1,339.30, mainly dragged by losses from Sime Darby. CIMB plans to acquire an additional 17.1% stake in PT Bank CIMB Niaga Tbk from Khazanah for RM1.7bn. IOI Corp reported a net profit of RM549m for 3QFY10 as the stronger Ringgit enabled it to book in unrealised currency gains of RM231.5m on its US dollar-denominated borrowings. AMMB’s 4QFY10 net
profit of RM241.7m was 34.4% higher y-o-y due to higher net interest income and net income from its Islamic banking business. F&N sold its 100% stake in Malaya Glass Products to Berli Junker Public Co and ACI International Pty Ltd for RM710.8m cash. Sealink bagged 2 contracts worth RM88m for the LT charter of 1 vessel to Australia for 3 years and the sale of 1 vessel to an another overseas client while Malaysia may raise
USD1bn to USD1.5bn from the sale of dollar-denominated Islamic bonds. On Friday, both the US market and crude oil price were lower. The US market fell following worries that the negative economic conditions in Europe may spread to US while crude oil price plunged USD2.79 to USD71.61/barrel due to the stronger dollar and higher supply.
*Terkini – Jadual Seminar & Bengkel PUABUMI 2012
4 years ago