#Stocks to watch* Banks, Dialog, Benalec, CBIP, Bina Puri

  • 100 protest against Obama visit in front of US embassy
    100 protest against Obama visit in front of US embassy

    About 100 activists today protested outside the US embassy in Kuala Lumpur against the coming visit by President Barack Obama, denouncing him as an enemy of Islam. The demonstration underscored the delicate nature of Obama's trip to Malaysia, which will make him the first sitting US president to visit in nearly half a century, a period marked... …

  • Anger against Johor football club could eventually affect BN, ex-minister says
    Anger against Johor football club could eventually affect BN, ex-minister says

    KUALA LUMPUR, April 18 — Growing anger towards royalty-backed Johor Darul Takzim Football Club (JDT), triggered by claims of preferential treatment by the authorities, could spread towards the... …

  • The Economist hails Karpal as a rarity in politics
    The Economist hails Karpal as a rarity in politics

    The Economist has described Karpal Sigh as a "rarity in the venomous world of Malaysian politics" for commanding respect from both his peers as well as his opponents. In an obituary titled “Burning Bright”, the international politics and business weekly said condolences to Karpal's family have poured in from across the political spectrum,... …

  • Malaysia among world’s most morally conservative countries, poll finds
    Malaysia among world’s most morally conservative countries, poll finds

    KUALA LUMPUR, April 18 — Malaysia is among the world’s most morally conservative countries, with strong opposition to issues involving sex, gambling and consumption of alcohol, according to a... …

  • Convicting Anwar quickly was done in public interest, says Court of Appeal
    Convicting Anwar quickly was done in public interest, says Court of Appeal

    In convicting Datuk Seri Anwar Ibrahim for sodomy last month, the Court of Appeal said it was in the public interest that criminal appeals be dealt with by as swiftly as possible. In the joint judgment by a three-man bench led by Datuk Balia Yusof Wahi, it said delays brought the administration of justice into disrepute. "As is often pointed... …

  • In Malaysia, very few politicians who stand up for their principles
    In Malaysia, very few politicians who stand up for their principles

    Most Malaysian politicians fail the first test of being like Karpal Singh (pic) – standing up for his principles. In the wake of some incendiary statements by Datuk Zulkifli Noordin and the Langkawi MP Datuk Nawawi Ahmad following the death of the veteran opposition stalwart, ordinary Malaysians, several lawmakers and Youth and Sports Minister... …

KUALA LUMPUR: Investor sentiment at Asian markets, including at Bursa Malaysia, is likely to remain tepid on Thursday, June 2 as fresh data showed a slowdown in US employment as well factory production in Asia and Europe.

US private sector payroll growth slowed sharply in May and fell to the lowest level in eight months.

The ADP Employer Services report showed private employers added only 38,000 jobs last month, while April private payrolls were revised down to an increase of 177,000 from the previously reported 179,000.

The ADP figures came ahead of the initial jobless claim data scheduled to be released by the US Department of Labor later today.

Meanwhile, factory growth eased in Europe and Asia in May, surveys showed on Wednesday, feeding concerns that the world's main economic engines are cooling fast as richer countries curtail orders, according to Reuters.

Purchasing managers indexes (PMI), measuring the activities of thousands of factories across the world, sank to multi-month lows in China and Europe, where even regional pacesetters France and Germany showed fresh signs of sagging, it said.

On Bursa Malaysia, stocks that could be in focus include banking stocks, Dialog Group Bhd, Benalec Holdings Bhd, CB Industrial Product Holding Bhd and Bina Puri Holdings Bhd.

RHB Capital Bhd yesterday said it had been formally been notified by CIMB and Maybank that the two latter parties had received approval from Bank Negara Malaysia to commence possible talks with RHB Capital.

CIMB and Maybank closed lower yesterday in active trade a day after they had both separately given the nod by Bank Negara to start talks with RHB Capital.

Dialog’s unit Dialog E&C Sdn Bhd has inked a RM1.9 billion contract with Pengerang Independent Terminals Sdn Bhd (PITSB) to build the first phase of an independent deepwater petroleum terminal at Pengerang, Johor.

Benalec expects to realise a net gain of RM34.93 million from the completion of separate agreements its units have entered for the disposal of land and joint venture for a mixed property development.

Benalec on June 1 said its subsidiaries Sentosacove Development Sdn Bhd and Orientalcove Realty Sdn Bhd had entered into a sale and purchase agreement and joint venture agreement with Vista Selesa Development Sdn Bhd, respectively.

CBIP is selling its entire equity interests in Sachiew Plantations Sdn Bhd and Empressa (M) Sdn Bhd for a total of RM268.06 million.

Sachiew is principally involved in the cultivation of oil palm and production of crude palm oil and palm kernel, while Empressa engages in the cultivation of oil palm and the operation of a palm oil mill.

CBIP said the gross proceeds of RM268.06 million from the disposal would be utilised for its working capital including for financing receivables, inventories, and repayment of bank borrowings.

Meanwhile, Bina Puri’s 80%-indirect owned subsidiary PT Megapower Makmur has received two contracts from PT PLN (PERSERO) to operate power plants in Indonesia.

 

Follow @YahooMalaysia on LINE for daily news updates.

Comments on Yahoo pages are subject to our link to Comments Guidelines. You are responsible for any content that you post. Yahoo is not responsible or liable in any way for comments posted by its users. Yahoo does not in any way endorse or support comments made by its users.

  • Langkawi BN MP pokes fun at Karpal Singh’s remains The Malaysian Insider
    Langkawi BN MP pokes fun at Karpal Singh’s remains

    As the nation mourns the passing of a great politician, BN MP Datuk Nawawi Ahmad insulted the late Karpal Singh by posting a picture of the veteran politician's blood-smeared face as he lay in his Toyota Alphard following a tragic accident this morning. Along with the Facebook picture was a newspaper cutting on Karpal being opposed to the... …

  • Karpal makes last journey home to Penang The Malaysian Insider
    Karpal makes last journey home to Penang

    Amid tears of sorrow, a coffin bearing Karpal Singh's body was loaded onto a van for his final journey back to Penang today. The 73-year-old, popularly known as the "Tiger of Jelutong", died early this morning after the Toyota Alphard he was in collided with a five-tonne Mitsubishi Canter. Karpal's body had been brought to Raja Permaisuri... …

  • Told to ‘shut up’ on Twitter, Zul Noordin lashes back at Khairy The Malay Mail Online
    Told to ‘shut up’ on Twitter, Zul Noordin lashes back at Khairy

    KUALA LUMPUR, April 18 — A feud is breaking out between former Perkasa vice president Datuk Zulkifli Noordin and Umno Youth chief Khairy Jamaluddin on Twitter. Told unequivocally by the minister... …