Sharply lower across the board. The FBM KLCI tumbled 18.43 points to 1,285.73 last Friday in tandem with the weak regional markets on rising concerns over the economic situation in Europe and US. In the news is MISC, which has hired 3 banks - JP Morgan, Maybank and Credit Suisse - for the IPO of MMHE, which is targeted to be listed in 2H10. EON Capital board will table the all-cash RM5.06bn, or RM7.30/share, takeover offer from Hong Leong Bank to its shareholders at the upcoming EGM. Tan Chong Motor Holdings will develop the Segambut land after shifting its Segambut assembly plant operations to Shah Alam in 2013. MAHB will issue RM2.7bn bonds for the construction of the second low-cost carrier airport and to refinance some of its existing debts and Dayang won a RM151m contract for 3 work orders from Petronas. Finally, the US markets rose on Friday on bottom fishing after the recent sell down but crude oil prices fell again, this time by USD0.76 to USD70.04/barrel, as investors worried over growing US stockpiles and lower demand from Europe in tandem with its debt crisis.
*Terkini – Jadual Seminar & Bengkel PUABUMI 2012
4 years ago