#Stocks to watch:* SEGi, Cepco, EON Cap, Priceworth

  • SPAD suspends permits of 27 Transnasional express buses – Bernama
    SPAD suspends permits of 27 Transnasional express buses – Bernama

    The Land Public Transport Commission (SPAD) is suspending the permits of 27 Transnasional express buses plying the East-North Sector effective Wednesday following accidents involving buses of the company. SPAD chief executive officer Mohd Nur Ismal Mohamed Kamal in a statement today said the decision was taken after audits found the company... …

  • High Court upholds conviction, sentence of police sergeants – Bernama

    The Kuala Lumpur High Court today dismissed the appeal by two police sergeants to overturn their conviction for assaulting two detainees six years ago.  Judge Amelia Tee Hong Geok Abdullah also upheld the four-year jail sentence meted out on Sergeants Mohd Shafiee Abdul Halim, 51, and Mohd Diah Sulaiman, 51, from the Brickfields police... …

  • Meeting Obama would have been helpful, says Anwar
    Meeting Obama would have been helpful, says Anwar

    Opposition leader Datuk Seri Anwar Ibrahim (pic) said today a meeting with US President Barack Obama during a coming visit to Malaysia would have been "consistent with US democratic ideals", after Washington said there would be no such encounter. But Anwar, who was convicted of sodomy in March and whose opposition is engaged in a fierce... …

  • Families of MH370 passengers reject ‘high-level’ meeting, want technical experts – Bernama
    Families of MH370 passengers reject ‘high-level’ meeting, want technical experts – Bernama

    A high-level delegation, comprising government representatives and Malaysia Airlines management officials, is expected to arrive in Beijing to meet with the next of kin of passengers onboard the missing flight MH370, within the next 24 to 48 hours. "The team will meet the families face-to-face to discuss their plan to move forward on this... …

  • EC to hold meeting on Bukit Gelugor seat – Bernama
    EC to hold meeting on Bukit Gelugor seat – Bernama

    The Election Commission (EC) will hold a special meeting to discuss the Bukit Gelugor parliamentary seat in Penang this Thursday.     EC secretary Datuk Abdul Ghani Salleh said it received notification from the Speaker of Dewan Rakyat at 11am today on the vacant Bukit Gelugor seat following the death of its MP, Karpal Singh (pic).     The... …

  • Transfer not voluntary, Albukhary university gave us ultimatum, says student
    Transfer not voluntary, Albukhary university gave us ultimatum, says student

    The pending closure of Malaysian tycoon Tan Sri Syed Mokhtar Albukhary's full-scholarship university in Kedah has taken on another twist with a student refuting the university's claim that the transfer of students to other institutions was on a "voluntary" basis. He said the Albukhary International University (AIU) had not given students much... …

KUALA LUMPUR: Stocks which could see trading interest on Friday, April 29 following the fresh corporate developments are SEG International Bhd, Concrete Engineering Products Bhd (CEPCO), EON Capital Bhd and Priceworth International Bhd.

SEGi net profit for the first quarter ended March 31, 2011 surged 90.5% to RM18.12 million from RM9.51 million a year ago due to the increase in student enrolments at its institutions.

Revenue for the quarter rose to RM68.47 million from RM52.29 million in 2010. Earnings per share were 7.35 sen, while net asset per share was 77.2 sen.

It recorded marked improvement in student numbers and profitability in the previous year and the current quarter.

“This trend is expected to continue in 2011 and the foreseeable future as the group has put in place a firm foundation and strategy for sustainable growth,” it said.

CEPCO swung into the red with net losses of RM5.95 million in the second quarter ended Feb 28, 2011.

Revenue slipped 16% to RM24.69 million from RM29.38 million while its loss per share was 13.31 sen compared with earnings per share of 4.37 sen.

For the first half, it reported net loss of RM205,000 compared with net profit of RM7.74 million in the previous corresponding period.  Revenue shrank to RM45.26 million from RM66.95 million.

The High Court has dismissed with costs the suit filed by Primus (M) Sdn Bhd against certain shareholders and directors of EON Capital Bhd EONCap) over the proposed sale of the latter to Hong Leong Bank Bhd.

The decision was made by Judge Varghese George Varughese on Thursday, April 28.

Priceworth International Bhd's 86.85 million warrants at an issue price of 5.0 sen per warrant will be listed and quoted on Friday, April 29.

A Bursa Malaysia circular said on Thursday the warrants were issued on the basis of one warrant for every two shares of 50 sen each.

Malaysia Airports Holdings Bhd (MAHB) is revising its passenger traffic volume target to 72 million for 2014, from 60 million earlier under its five-year plan.

Managing director Tan Sri Bashir Ahmad Abdul Majid said passenger growth at KLIA has been very promising and it should be able to hit its initial 60 million passengers target by 2011.

“The growth so far as been good as indicated by the traffic in the first three months of the year. We are definitely on track,” he said.

Under the five-year plan, MAHB is also targeting to achieve an earnings before interest, tax, depreciation and amortisation and returns on equity of RM1 billion and 10% respectively under its five-year plan that expires in 2014.

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  • Education Backgrounds OF Those Who Have Been Devising The Education Policies Of Malaysia Easyuni.com
    Education Backgrounds OF Those Who Have Been Devising The Education Policies Of Malaysia

    Malaysia gained its independence in the year 1957 and since its early days laid stress on improving the quality of education at all levels. Throughout its five year plans, education has been an important development objective. Right in the first development plan itself the direct relationship between the rate of economic and social advancement on […] …

  • In funeral procession, thousands chant ‘Karpal Singh! Karpal Singh! Karpal Singh’ (VIDEO) The Malay Mail Online
    In funeral procession, thousands chant ‘Karpal Singh! Karpal Singh! Karpal Singh’ (VIDEO)

    GEORGE TOWN, April 20 — The streets of Penang’s historical city centre roared with the voices of thousands calling out the name of their state’s beloved son — Karpal Singh.  Elbows jostled with... …

  • Raja Bomoh spouting mumbo-jumbo again The Malaysian Insider
    Raja Bomoh spouting mumbo-jumbo again

    Bomoh (shaman) Ibrahim Mat Zin (pic, third left) is in the headlines for the wrong reasons again, this time for conducting a cleansing ritual along KM306.1 of the North-South Expressway. The area has been in the spotlight since last Thursday after Bukit Gelugor MP Karpal Singh died when his Toyota Alphard was involved in a collision with a... …