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  • Affin Research lowers Petra Energy to Reduce

    to Reduce as its share price share had performed well after the 13th General Election and recommended investors to take profit. "We recommend investors to take profit for now as we believe the market has largely priced-in the prospect of Petra Energy securing sizeable Pan Malaysia hook-up and commissioning (HUC) works," it said on Monday. Affin Research also raised the revalued net ...

  • Pintaras surges to all-time high on higher earnings

    surged to RM4.08, which was a record high after its earnings rose 54.3% to RM13.81mil in the third quarter ended March 31, 2013 from RM8.95mil a year ago. At 10.41am, it was up 26 sen to RM4.03. There were 123,600 shares done at prices ranging from RM3.85 to RM4.08. The FBM KLCI was up 7.53 points to 1,776.69. Turnover was 973.70 million shares valued at RM624.45mil. There were 579 gainers, 136 ...

  • Former Batu Uban assemblyman withdraws defamation suit against bank executive

    GEORGE TOWN: Former Batu Uban assemblyman S. Raveentharan has withdrawn a defamation suit on Monday against a bank executive following the latter's public apology in court. Raveentharan filed a suit in the High Court against P. Raghuram over a letter written in 2010, which implied that Raveentharan was involved in a sexual misconduct. The public apology was read in front ...

  • MIDF Research Return of local retail investors

    KUALA LUMPUR: MIDF Equities Research said local retail investors turned net buyers in the week ended May 17, which was the first time in 24 weeks, although it was a marginal RM16.8mil. The research house said on Monday there was a heightened participation rate of RM1.5bil, higher than that of foreign investors. "Local retailers do have cash, having sold net RM5.9bil this year, surpassing ...

  • SapuraKencana drives KLCI higher in early trade

    KUALA LUMPUR: Rising interest in the oil and gas (O&G) sector saw SapuraKencana Petroleum emerging as among the top gainers in early Monday trade, driving the FBM KLCI higher. At 9.32am, the KLCI was up 2.95 points to 1,772.11. Turnover was 416.07 million shares valued at RM227.51mil. Advancing counters beat decliners 452 to 92 while 190 counters were ...

Movie Review

There's Something About Mary

There are two possible responses to the Farrelly Brothers' new movie, "There's Something About Mary": either you will think it childish, stupid, juvenile, and sick, and walk out of the theater in the first half hour; or you will think it childish, stupid, juvenile, and sick, and walk out of the theater after the movie is over with tears in your eyes from laughing so hard. Since 1994's "Dumb and Du ... ...

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  • Malaysia-Market factors to watch on May 20

    annual general meeting and extraordinary general meeting press conference, Hotel Istana Kuala Lumpur, Kuala Lumpur, 12.00 pm (0400). MARKET NEWS > Nikkei hits new 5 1/2-year high on real estate, agricultural shares > US STOCKS-Dow, S&P end at records, stocks mark 4th week of gains > TREASURIES-Prices fall on improved consumer sentiment > FOREX-Dollar tops 103 yen, a 4-1/2-year ...

  • Maybank KE Research maintains Buy on Alam Maritim ups TP to RM1.30

    and raised the target price by 16% to RM1.30. It said on Monday it had upgraded its earnings forecast by between 9% and 11% for FY14-FY15 on higher contract wins assumptions. "We now expect Alam to win up to RM600mil of inspection repair maintenance (IRM) and transportation & installation (T&I) jobs in 2013 versus RM300mil previously as oil and gas capex spend is expected to ...

  • Sino Hua-An in the black posts RM3.33m net profit

    was in the black in the first quarter ended March 31, 2013 with net profit of RM3.33mil versus net loss of RM19.91mil a year ago. It reported net loss of RM10.78mil in the fourth quarter ended Dec 31, 2012 also. Sino Hua-An said on Monday that however, revenue fell 12.5% to RM334.16mil from RM382.12mil a year ago. Earnings per share were 0.3 sen compared with loss per share of 1.77 sen. Trading ...

  • AmResearch maintains Overweight on OG sector

    . It said on Monday in the short to medium-term, excitement in the sector will still largely stem from the domestic rollout of fresh projects. These include the enhanced oil recovery projects for Semarang, Bokor and Dulang fields; gas cluster developments for the North Malay basin; as well as in Sabah and Sarawak which are tied to the completion of the Bintulu LNG complex expansion in 2015. ...

  • Trading ideas Instacom Zecon PPB Group

    to be among the counters which could see trading interest on Monday. It said it was reported that Instacom is believed to have secured a RM200mil contract to build telecommunication network and infrastructure for the wiring up of schools in Sarawak. As for Zecon, it bagged a RM83mil construction contract valued at RM83m while PPB Group's latest quarterly result showed a 32% net profit jump ...

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