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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 ...

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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  • Japanese shares are likely to gain further this week

    TOKYO: JAPANESE shares are likely to gain further this week on robust investor appetite as confidence grows in the government's ability to deliver economic growth, analysts said on Friday. In the week to May 17, Tokyo's benchmark Nikkei 225 index surged 3.63% or 530.58 points, to finish at 15,138.12, the best close in more than five years. The Topix index of all first-section shares ...

  • Qatar Holding Italy fund eyeing Versace

    and an Italian state-controlled investment fund are interested in investing in Italian fashion house Versace, Il Sole 24 Ore said. The Qatar sovereign fund was "carefully looking at" Versace, the Italian daily said, citing financial sources. The paper cited market rumours as saying the fund was flanked by FSI, the Italian strategic investment fund owned by state financing company Cassa ...

  • CPO export recovery seen this week

    KUALA LUMPUR: CRUDE palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to fetch RM2,300 a tonne this week in anticipation of better exports in the first 20 days of May, a dealer said. He said market players were betting on exports recovering and this would signal better demand trend for the commodity. Cargo surveyors are expected to release export figures on Monday. On a ...

  • Rubber prices are likely to ease this week

    KUALA LUMPUR: MALAYSIAN rubber prices are likely to ease this week as players remain on the sidelines in anticipation of prices falling further. The local market is expected to remain quiet without much activity, said a dealer. "Prices are likely to move sideways within a tight range," he said, adding that local rubber prices would also track movements on the Tokyo Commodity Exchange. ...

  • Mild upside in tin prices likely this week

    KUALA LUMPUR: THE Kuala Lumpur Tin Market (KLTM) is expected to see a mild upside bias this week, bolstered by fresh global demand, a dealer said. The local tin market is expected to trade between US$20,800 and US$21,000 per tonne this week with active participation expected from European and Japanese traders. "Demand is expected to pick up from Japanese and European traders. This should ...

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