BTC
USD
84,590.5
Gold
USD
4,311.03
Time now:
Jun 1, 12:00 AM
Stocks To Watch
- Thread starter ridersenja
- Start date
myonline
Fun Poster
- Messages
- 746
- Joined
- Jan 15, 2008
- Messages
- 746
- Reaction score
- 2
- Points
- 15
price cam boleh up lg jer..
ridersenja
Active Member
- Messages
- 1,090
- Joined
- Jul 24, 2007
- Messages
- 1,090
- Reaction score
- 23
- Points
- 25
Selasa 23 feb 2010
KUALA LUMPUR: After a strong performance on Monday, Feb 22, investors could take profit on Tuesday following the lack of direction from the US where stocks finished flat on as investors held back before congressional testimony by Fed Chairman Ben Bernanke.
However, recent strong earnings on the local corporate scene and a recovery in the economy could help underpin sentiment.
Bank Negara Malaysia (BNM) governor Tan Sri Dr Zeti Akhtar Aziz has said Malaysia is on a path to recovery and any increase in interest rates should be viewed as “normalisation” and not “tightening”.
On Wall Street, the Dow Jones industrial average dropped 18.97 points, or 0.18 percent, to end at 10,383.38. The Standard & Poor's 500 Index shed 1.16 points, or 0.10 percent, to 1,108.01. The Nasdaq Composite Index fell 1.84 points, or 0.08 percent, to 2,242.03.
Stocks to watch on Tuesday include ASTRO ALL ASIA NETWORKS PLC [], MALAYSIAN AIRLINE SYSTEM BHD [] (MAS), TELEKOM MALAYSIA BHD [] (TM) and MALAYSIAN BULK CARRIERS BHD [] (Maybulk).
Tycoon T Ananda Krishnan's Astro All Asia Networks plc has been awarded US$230 million (RM786.6 million) by arbitrators in Singapore in its protracted dispute with businessman James Riady's Lippo Group over a pay-TV partnership in Indonesia that turned sour over 18 months ago.
MAS returned to profitability for its fourth quarter ended Dec 31, 2009 posting a net profit of RM610 million.
TM posted a net profit of RM170.25 million in the fourth quarter ended Dec 31, 2009 (4Q09) compared with RM164.81 million a year ago, despite lower revenue.
For the current quarter, group revenue fell 9% to RM2.27 billion from RM2.49 billion a year ago, mainly due to lower revenue from the special project, MERS 999 (the unified emergency contact number system for the Malaysian Emergency Rescue Services). Earnings per share were 4.80 sen.
TM proposed a final gross dividend of 13 sen per share.
Despite almost a halving of charter rates for vessels, Maybulk saw a significant jump in profits for the fourth quarter ended Dec 31, 2009 (4Q09), thanks to improvement in the group's quoted investments and higher contributions from associate companies.
Next >Wall St flat on Bernanke watch; Nordstrom sinks late
Back to topAmResearch Anwar Ibrahim Bank Negara Malaysia Barisan Nasional Brokers Call Bursa Malaysia China CIMB Research commentary DAP Datuk Seri Najib Razak diary FBM KLCI GDP InsiderAsia KLCI Lim Guan Eng MACC Maybank MCA Muhyiddin Yassin Najib Razak Ong Tee Keat OSK Research Pakatan Rakyat Parti Keadilan Rakyat Pas Penang Perak Political Crisis Petronas PKA PKFZ PKR RHB Research Securities Commission Umno Wall Street
+ All tags
Last Updated on Tuesday, 23 February 2010 07:01
Sorry, you cannot post a comment unless you are a registered user.
JComments
KUALA LUMPUR: After a strong performance on Monday, Feb 22, investors could take profit on Tuesday following the lack of direction from the US where stocks finished flat on as investors held back before congressional testimony by Fed Chairman Ben Bernanke.
However, recent strong earnings on the local corporate scene and a recovery in the economy could help underpin sentiment.
Bank Negara Malaysia (BNM) governor Tan Sri Dr Zeti Akhtar Aziz has said Malaysia is on a path to recovery and any increase in interest rates should be viewed as “normalisation” and not “tightening”.
On Wall Street, the Dow Jones industrial average dropped 18.97 points, or 0.18 percent, to end at 10,383.38. The Standard & Poor's 500 Index shed 1.16 points, or 0.10 percent, to 1,108.01. The Nasdaq Composite Index fell 1.84 points, or 0.08 percent, to 2,242.03.
Stocks to watch on Tuesday include ASTRO ALL ASIA NETWORKS PLC [], MALAYSIAN AIRLINE SYSTEM BHD [] (MAS), TELEKOM MALAYSIA BHD [] (TM) and MALAYSIAN BULK CARRIERS BHD [] (Maybulk).
Tycoon T Ananda Krishnan's Astro All Asia Networks plc has been awarded US$230 million (RM786.6 million) by arbitrators in Singapore in its protracted dispute with businessman James Riady's Lippo Group over a pay-TV partnership in Indonesia that turned sour over 18 months ago.
MAS returned to profitability for its fourth quarter ended Dec 31, 2009 posting a net profit of RM610 million.
TM posted a net profit of RM170.25 million in the fourth quarter ended Dec 31, 2009 (4Q09) compared with RM164.81 million a year ago, despite lower revenue.
For the current quarter, group revenue fell 9% to RM2.27 billion from RM2.49 billion a year ago, mainly due to lower revenue from the special project, MERS 999 (the unified emergency contact number system for the Malaysian Emergency Rescue Services). Earnings per share were 4.80 sen.
TM proposed a final gross dividend of 13 sen per share.
Despite almost a halving of charter rates for vessels, Maybulk saw a significant jump in profits for the fourth quarter ended Dec 31, 2009 (4Q09), thanks to improvement in the group's quoted investments and higher contributions from associate companies.
Next >Wall St flat on Bernanke watch; Nordstrom sinks late
Back to topAmResearch Anwar Ibrahim Bank Negara Malaysia Barisan Nasional Brokers Call Bursa Malaysia China CIMB Research commentary DAP Datuk Seri Najib Razak diary FBM KLCI GDP InsiderAsia KLCI Lim Guan Eng MACC Maybank MCA Muhyiddin Yassin Najib Razak Ong Tee Keat OSK Research Pakatan Rakyat Parti Keadilan Rakyat Pas Penang Perak Political Crisis Petronas PKA PKFZ PKR RHB Research Securities Commission Umno Wall Street
+ All tags
Last Updated on Tuesday, 23 February 2010 07:01
Sorry, you cannot post a comment unless you are a registered user.
JComments
ridersenja
Active Member
- Messages
- 1,090
- Joined
- Jul 24, 2007
- Messages
- 1,090
- Reaction score
- 23
- Points
- 25
25 feb 2010
KUALA LUMPUR: Stocks on Bursa Malaysia are expected to rise on Tursday, Feb 25, underpinned by the recent strong earnings, more upside for the economy and also the firmer overnight close on Wall Street.
In the US, stocks climbed on Wednesday as investors welcomed the promise of more cheap money following reassurance from Federal Reserve Chairman Ben Bernanke that interest rates will remain low.
The Dow Jones industrial average gained 91.75 points, or 0.89 percent, to 10,374.16. The Standard & Poor's 500 Index rose 10.64 points, or 0.97 percent, to 1,105.24. The Nasdaq Composite Index advanced 22.46 points, or 1.01 percent, to 2,235.90.
In Malaysia, the economy rebounded from a recession, expanding by an annual rate of 4.5% in the fourth quarter (4Q) of last year, following three consecutive quarters of contraction in the gross domestic product (GDP).
Prime Minister Datuk Seri Najib Razak forecast the economy would grow by 5% this year.
Stocks to watch on Thursday are JCY International which will list on the Main Board. Its institutional price was fixed at RM1.60 per share and the retail offer was RM1.52 per share. The earlier indicative retail price for JCY was RM2.
JCY's net profit for the first quarter ended Dec 31, 2009 (1QFY10) jumped 223% to RM77.46 million from RM24 million a year ago attributed to factors such as product mix, economy of scale, capacity utilisation, cost control measures and raw materials cost.
Axiata Group Bhd, Malaysia Airports Holdings Bhd (MAHB), KUALA LUMPUR KEPONG BHD [] and MEDIA PRIMA BHD [].
Axiata posted net profit of RM558.28 million in the fourth quarter ended Dec 31, 2009 versus a net loss of RM515.28 million a year ago, driven mainly by improved contribution from Celcom Group, XL Group, AxB and Dialog Group.
MAHB, whose net profit rose 145% year-on-year (y-o-y) to RM140.24 million in its fourth quarter ended Dec 31, 2009 (4QFY09), is looking at raising between RM2 billion and RM2.5 billion in the first half (1H) of the year.
KLK's net profit more than tripled to RM241.8 million in its first quarter ended Dec 31, 2009 (1QFY10) from RM65.8 million a year earlier, due to improved downstream operations and its retail division as well as a RM19.3 million writeback of investment losses.
Profit before tax (PBT) rose 124.1% to RM329.5 million although revenue fell 7.2% to RM1.7 billion from RM1.9 billion. No dividend was declared.
KLK said the higher PBT was due to improved earnings from its manufacturing sector, especially the oleochemical division with a profit of RM29.9 million compared with RM2.7 million in 1QFY09 when it wrote off inventories at its China plant.
Media Prima's net profit for its fourth quarter ended Dec 31, 2009 (4Q09) soared to RM192.31 million from RM4.65 million a year earlier, while full-year earnings more than doubled to RM194.8 million from RM86.02 million.
Other counters to watch are CIMB Group Holdings Bhd, which surged 34 sen or 2.69% boosted by its best-ever financial performance.
Multi-level marketing company HAI-O ENTERPRISE BHD [] plans to venture into the China market in one or two years, said group managing director Tan Kai Hee. It also has no plans to raise prices of its products despite the higher production costs.
TRANSMILE GROUP BHD [] lost half its value yesterday, plunging 50% to close at 45.5 sen, its lowest since October 2008, after it reported a whopping net loss of RM213.2 million in its fourth quarter ended Dec 31, 2009 (4QFY09) and falling into PN17 status.
KUALA LUMPUR: Stocks on Bursa Malaysia are expected to rise on Tursday, Feb 25, underpinned by the recent strong earnings, more upside for the economy and also the firmer overnight close on Wall Street.
In the US, stocks climbed on Wednesday as investors welcomed the promise of more cheap money following reassurance from Federal Reserve Chairman Ben Bernanke that interest rates will remain low.
The Dow Jones industrial average gained 91.75 points, or 0.89 percent, to 10,374.16. The Standard & Poor's 500 Index rose 10.64 points, or 0.97 percent, to 1,105.24. The Nasdaq Composite Index advanced 22.46 points, or 1.01 percent, to 2,235.90.
In Malaysia, the economy rebounded from a recession, expanding by an annual rate of 4.5% in the fourth quarter (4Q) of last year, following three consecutive quarters of contraction in the gross domestic product (GDP).
Prime Minister Datuk Seri Najib Razak forecast the economy would grow by 5% this year.
Stocks to watch on Thursday are JCY International which will list on the Main Board. Its institutional price was fixed at RM1.60 per share and the retail offer was RM1.52 per share. The earlier indicative retail price for JCY was RM2.
JCY's net profit for the first quarter ended Dec 31, 2009 (1QFY10) jumped 223% to RM77.46 million from RM24 million a year ago attributed to factors such as product mix, economy of scale, capacity utilisation, cost control measures and raw materials cost.
Axiata Group Bhd, Malaysia Airports Holdings Bhd (MAHB), KUALA LUMPUR KEPONG BHD [] and MEDIA PRIMA BHD [].
Axiata posted net profit of RM558.28 million in the fourth quarter ended Dec 31, 2009 versus a net loss of RM515.28 million a year ago, driven mainly by improved contribution from Celcom Group, XL Group, AxB and Dialog Group.
MAHB, whose net profit rose 145% year-on-year (y-o-y) to RM140.24 million in its fourth quarter ended Dec 31, 2009 (4QFY09), is looking at raising between RM2 billion and RM2.5 billion in the first half (1H) of the year.
KLK's net profit more than tripled to RM241.8 million in its first quarter ended Dec 31, 2009 (1QFY10) from RM65.8 million a year earlier, due to improved downstream operations and its retail division as well as a RM19.3 million writeback of investment losses.
Profit before tax (PBT) rose 124.1% to RM329.5 million although revenue fell 7.2% to RM1.7 billion from RM1.9 billion. No dividend was declared.
KLK said the higher PBT was due to improved earnings from its manufacturing sector, especially the oleochemical division with a profit of RM29.9 million compared with RM2.7 million in 1QFY09 when it wrote off inventories at its China plant.
Media Prima's net profit for its fourth quarter ended Dec 31, 2009 (4Q09) soared to RM192.31 million from RM4.65 million a year earlier, while full-year earnings more than doubled to RM194.8 million from RM86.02 million.
Other counters to watch are CIMB Group Holdings Bhd, which surged 34 sen or 2.69% boosted by its best-ever financial performance.
Multi-level marketing company HAI-O ENTERPRISE BHD [] plans to venture into the China market in one or two years, said group managing director Tan Kai Hee. It also has no plans to raise prices of its products despite the higher production costs.
TRANSMILE GROUP BHD [] lost half its value yesterday, plunging 50% to close at 45.5 sen, its lowest since October 2008, after it reported a whopping net loss of RM213.2 million in its fourth quarter ended Dec 31, 2009 (4QFY09) and falling into PN17 status.
owenkok
Junior Member
- Messages
- 90
- Joined
- Dec 20, 2009
- Messages
- 90
- Reaction score
- 0
- Points
- 6
thank for the info
ridersenja
Active Member
- Messages
- 1,090
- Joined
- Jul 24, 2007
- Messages
- 1,090
- Reaction score
- 23
- Points
- 25
ok.noted..
ridersenja
Active Member
- Messages
- 1,090
- Joined
- Jul 24, 2007
- Messages
- 1,090
- Reaction score
- 23
- Points
- 25
KUALA LUMPUR: Blue chips on Bursa Malaysia are expected to start off the new month of March on a more optimistic outlook after the recent strong set of corporate earnings while upside would be underpinned by a stronger-than-expected economic recovery.
On Wall Street, the Dow Jones industrial average edged up 4.23 points, or 0.04 percent, to end at 10,325.26. The Standard & Poor's 500 Index added 1.55 points, or 0.14 percent, to 1,104.49. The Nasdaq Composite Index gained 4.04 points, or 0.18 percent, to 2,238.26.
The Dow and the S&P 500 saw their best monthly gains since November, while the Nasdaq locked in its best advance since December.
At Bursa Malaysia, February was indeed a roller coaster month as sentiment was weighed down by external events including China's move to tighten liquidity and Greece's debts. However, the FBM KLCI managed to eke out some gains, closing up just 11 points to end at 1,270 while the market capitalisation rose RM14 billion to RM1,015 billion from RM1,001 billion at end January.
Stocks to watch include GENTING BHD [], AIRASIA BHD [], Maxis Bhd following their strong earnings and upside. At the ALLIANCE FINANCIAL GROUP BHD [], there should be some positive interest after the bank and its chief executive officer Datuk Bridget Lai reached an amicable settlement of their dispute.
Genting Bhd reported earnings of RM245.4 million in the fourth quarter ended Dec 31, 2009, a turnaround from the net loss of RM120.78 million a year ago. Profit before tax was RM585.7 million in 4Q compared with a loss of RM108.9 million a year ago. The loss was due mainly to the Genting Malaysia group’s impairment loss of RM781.5 million on its investment in Genting Hong Kong.
AirAsia posted net profit of RM76.65 million in the fourth quarter ended Dec 31, 2009, a turnaround from the net loss of RM201.73 million a year ago, expected it to benefited from passenger growth and ancillary income.
Group CEO Datuk Seri Tony Fernandes iis upbeat about its prospects in 2010 following early signs the global economy is stabilising while the benefits are already visible in the aviation industry.
He said it had identified nine new routes to be launched and this will support passenger growth of 11%-14% in 2010. Based on the forward booking trend, the underlying passenger demand in the first quarter 2010 is positive.
Meanwhile, Maxis Bhd reported earnings of RM503 million in the fourth quarter ended Dec 31, 2009 on the back of RM2.21 billion in revenue, boosted by higher subscriptions.
The telco giant’s earnings per share were nine sen and it declared both an interim dividend and proposed a final dividend of six sen and three sen, respectively – totaling RM675 million.
In addition to the RM450 million paid in the third quarter, the total dividends for FYE 2009 post Maxis’ listing on Nov 19 last year was RM1.125 billion.For the financial year ended Dec 31, 2009, total earnings were RM1.578 billion on the back of RM7.611 billion in revenue.
On Wall Street, the Dow Jones industrial average edged up 4.23 points, or 0.04 percent, to end at 10,325.26. The Standard & Poor's 500 Index added 1.55 points, or 0.14 percent, to 1,104.49. The Nasdaq Composite Index gained 4.04 points, or 0.18 percent, to 2,238.26.
The Dow and the S&P 500 saw their best monthly gains since November, while the Nasdaq locked in its best advance since December.
At Bursa Malaysia, February was indeed a roller coaster month as sentiment was weighed down by external events including China's move to tighten liquidity and Greece's debts. However, the FBM KLCI managed to eke out some gains, closing up just 11 points to end at 1,270 while the market capitalisation rose RM14 billion to RM1,015 billion from RM1,001 billion at end January.
Stocks to watch include GENTING BHD [], AIRASIA BHD [], Maxis Bhd following their strong earnings and upside. At the ALLIANCE FINANCIAL GROUP BHD [], there should be some positive interest after the bank and its chief executive officer Datuk Bridget Lai reached an amicable settlement of their dispute.
Genting Bhd reported earnings of RM245.4 million in the fourth quarter ended Dec 31, 2009, a turnaround from the net loss of RM120.78 million a year ago. Profit before tax was RM585.7 million in 4Q compared with a loss of RM108.9 million a year ago. The loss was due mainly to the Genting Malaysia group’s impairment loss of RM781.5 million on its investment in Genting Hong Kong.
AirAsia posted net profit of RM76.65 million in the fourth quarter ended Dec 31, 2009, a turnaround from the net loss of RM201.73 million a year ago, expected it to benefited from passenger growth and ancillary income.
Group CEO Datuk Seri Tony Fernandes iis upbeat about its prospects in 2010 following early signs the global economy is stabilising while the benefits are already visible in the aviation industry.
He said it had identified nine new routes to be launched and this will support passenger growth of 11%-14% in 2010. Based on the forward booking trend, the underlying passenger demand in the first quarter 2010 is positive.
Meanwhile, Maxis Bhd reported earnings of RM503 million in the fourth quarter ended Dec 31, 2009 on the back of RM2.21 billion in revenue, boosted by higher subscriptions.
The telco giant’s earnings per share were nine sen and it declared both an interim dividend and proposed a final dividend of six sen and three sen, respectively – totaling RM675 million.
In addition to the RM450 million paid in the third quarter, the total dividends for FYE 2009 post Maxis’ listing on Nov 19 last year was RM1.125 billion.For the financial year ended Dec 31, 2009, total earnings were RM1.578 billion on the back of RM7.611 billion in revenue.
ridersenja
Active Member
- Messages
- 1,090
- Joined
- Jul 24, 2007
- Messages
- 1,090
- Reaction score
- 23
- Points
- 25
Stocks to watch: Banks, Maxis, JAKS, Yung Kong
Tags: Banks | JAKS | Maxis | Yung Kong
Written by Joy Lee
Friday, 05 March 2010 07:44
KUALA LUMPUR: Bank stocks will be in focus on Friday, March 5 after Bank Negara raised the overnight policy rate by 25 basis points to 2.25%.
Though borrowing costs will go up, the strength of the recovery in the economy is expected to continue as continued low interest rates could lead to asset bubbles.
The OPR has been kept at2% for seven consecutive monetary policy committee (MPC) meetings since April 2009. Malaysia is the second Asian country, after Vietnam, to raise lending rates.
On Wall Street, US stocks rose on Thursday as better-than-expected monthly sales from retailers and a drop in the number of Americans filing claims for jobless benefits pointed to stabilization in the economy, according to Reuters.
The Dow Jones industrial average gained 47.38 points, or 0.46 percent, to 10,444.14. The Standard & Poor's 500 Index rose 4.18 points, or 0.37 percent, to 1,122.97. The Nasdaq Composite Index added 11.63 points, or 0.51 percent, to close at 2,292.31.
The S&P 500 is now down 2.4 percent from a 15-month closing high set on Jan. 19, after falling more than 8 percent through Feb. 8.
At Bursa Malaysia, stocks to watch are banks, Maxis Bhd, JAKS Resources Bhd and YUNG KONG GALVANISING IND []ustries Bhd.
Maxis targets to triple the number of subscribers in Sabah and Sarawak to one million collectively by year-end. Currently, the combined subscribers in the two states are just 350,000.
JAKS is due to announce its participation in another property project in Subang Jaya after its venture with STAR PUBLICATIONS (M) BHD []. It is aiming for property development to be one of its main earnings contributors going forward.
Yung Kong will forge a strategic partnership with Nippon Steel Corporation (NSC) for the supply of steel substrate, which was the main raw material for its products.
Yung Kong proposed to issue 21.73 million redeemable convertible preference shares (RCPS) of 50 sen each to NSC at 60 sen per RCPS for a total of RM13.04 million.
The revocation of PHARMANIAGA BHD []'s manufacturing licence by the Ministry of Health (MOH) has not resulted in a recall of pharmaceutical products that it had produced and are out in the market.
Practice Note 17-status Stamford College has proposed to cancel of 50 sen of the par value of each existing share of RM1 each to rationalise its balance sheet.
The capital reduction would eliminate its accumulated losses of RM20.15 million as at Dec 31, 2009.
Stamford College also proposes to diversify into manufacturing of low alloyed, alloyed and long steel products.
Tags: Banks | JAKS | Maxis | Yung Kong
Written by Joy Lee
Friday, 05 March 2010 07:44
KUALA LUMPUR: Bank stocks will be in focus on Friday, March 5 after Bank Negara raised the overnight policy rate by 25 basis points to 2.25%.
Though borrowing costs will go up, the strength of the recovery in the economy is expected to continue as continued low interest rates could lead to asset bubbles.
The OPR has been kept at2% for seven consecutive monetary policy committee (MPC) meetings since April 2009. Malaysia is the second Asian country, after Vietnam, to raise lending rates.
On Wall Street, US stocks rose on Thursday as better-than-expected monthly sales from retailers and a drop in the number of Americans filing claims for jobless benefits pointed to stabilization in the economy, according to Reuters.
The Dow Jones industrial average gained 47.38 points, or 0.46 percent, to 10,444.14. The Standard & Poor's 500 Index rose 4.18 points, or 0.37 percent, to 1,122.97. The Nasdaq Composite Index added 11.63 points, or 0.51 percent, to close at 2,292.31.
The S&P 500 is now down 2.4 percent from a 15-month closing high set on Jan. 19, after falling more than 8 percent through Feb. 8.
At Bursa Malaysia, stocks to watch are banks, Maxis Bhd, JAKS Resources Bhd and YUNG KONG GALVANISING IND []ustries Bhd.
Maxis targets to triple the number of subscribers in Sabah and Sarawak to one million collectively by year-end. Currently, the combined subscribers in the two states are just 350,000.
JAKS is due to announce its participation in another property project in Subang Jaya after its venture with STAR PUBLICATIONS (M) BHD []. It is aiming for property development to be one of its main earnings contributors going forward.
Yung Kong will forge a strategic partnership with Nippon Steel Corporation (NSC) for the supply of steel substrate, which was the main raw material for its products.
Yung Kong proposed to issue 21.73 million redeemable convertible preference shares (RCPS) of 50 sen each to NSC at 60 sen per RCPS for a total of RM13.04 million.
The revocation of PHARMANIAGA BHD []'s manufacturing licence by the Ministry of Health (MOH) has not resulted in a recall of pharmaceutical products that it had produced and are out in the market.
Practice Note 17-status Stamford College has proposed to cancel of 50 sen of the par value of each existing share of RM1 each to rationalise its balance sheet.
The capital reduction would eliminate its accumulated losses of RM20.15 million as at Dec 31, 2009.
Stamford College also proposes to diversify into manufacturing of low alloyed, alloyed and long steel products.
myonline
Fun Poster
- Messages
- 746
- Joined
- Jan 15, 2008
- Messages
- 746
- Reaction score
- 2
- Points
- 15
