KUALA LUMPUR (Nov 3): The outcome of the US monetary policy meeting early Thursday (Malaysia time) and ongoing developments in the Greece will determine the direction of the key Asian markets on Thursday.
At Bursa Malaysia, the FBM KLCI was down 4.69 points or 0.32% to 1,470.95, but off the day’s low of 1,457. However, the key Asian markets were mixed.
Among the stocks to watch are GUINNESS ANCHOR BHD [] (GAB), Kimlun Corp Bhd, ZELAN BHD [] and Glenealy PLANTATION []s (Malaya) Bhd.
GAB’s earnings rose 42.6% to RM55.21 million in the first quarter ended Sept 30, 2011 from RM38.69 million a year ago, as it recorded higher sales and share gains in the domestic malt liquor market.
Revenue rose 21.2% to RM444.62 million from RM366.63 million while earnings per share were 18.28 sen compared with 12.81 sen.
Kimlun plans to venture into the property development with the proposed acquisition of 17.2 ha of agricultural land in Negeri Sembilan for RM27.36 million. It proposes to build factories on the land, once it had received approval from the authorities for the conversion.
Loss-making Zelan Bhd has won a bid to develop the International Islamic University Malaysia's Centre for Foundation Studies in Pahang.
It was selected by the Public Private Partnership Unit of the Prime Minister's Department to implement Phase 3 of the centre's development in Gambang, Pahang.
Glenealy’searnings jumped 165% to RM19.01 million in the first quarter ended Sept 30, 2011 from RM7.41 million a year ago but it was cautious on the outlook for palm oil price.
It said on Wednesday its pre-tax profit was RM31.55 million, up 122% from RM14.20 million. Its revenue increased by 68.2% to RM17.67 million from RM42.60 million while earnings per share were 16.67 sen compared with 6.50 sen
However, when compared with the preceeding quarter, the financial results showed a decline.
MAH SING GROUP BHD [] is teaming up with Thailand's largest retail developer Central Pattana plc to look into the proposed development and management of a shopping mall in Icon City, Petaling Jaya.
Mah Sing said on Wednesday, its unit Sierra Peninsular Development Sdn Bhd had signed an MoU with Central Pattana to exchange general information to look into the shopping mall project via a joint venture and/or partnership.
DRB-HICOM BHD [] plans to establish a medium term note sukuk programme of up to RM1.80 billion in nominal value to finance working capital requirements, projects and refinance borrowings.
At Bursa Malaysia, the FBM KLCI was down 4.69 points or 0.32% to 1,470.95, but off the day’s low of 1,457. However, the key Asian markets were mixed.
Among the stocks to watch are GUINNESS ANCHOR BHD [] (GAB), Kimlun Corp Bhd, ZELAN BHD [] and Glenealy PLANTATION []s (Malaya) Bhd.
GAB’s earnings rose 42.6% to RM55.21 million in the first quarter ended Sept 30, 2011 from RM38.69 million a year ago, as it recorded higher sales and share gains in the domestic malt liquor market.
Revenue rose 21.2% to RM444.62 million from RM366.63 million while earnings per share were 18.28 sen compared with 12.81 sen.
Kimlun plans to venture into the property development with the proposed acquisition of 17.2 ha of agricultural land in Negeri Sembilan for RM27.36 million. It proposes to build factories on the land, once it had received approval from the authorities for the conversion.
Loss-making Zelan Bhd has won a bid to develop the International Islamic University Malaysia's Centre for Foundation Studies in Pahang.
It was selected by the Public Private Partnership Unit of the Prime Minister's Department to implement Phase 3 of the centre's development in Gambang, Pahang.
Glenealy’searnings jumped 165% to RM19.01 million in the first quarter ended Sept 30, 2011 from RM7.41 million a year ago but it was cautious on the outlook for palm oil price.
It said on Wednesday its pre-tax profit was RM31.55 million, up 122% from RM14.20 million. Its revenue increased by 68.2% to RM17.67 million from RM42.60 million while earnings per share were 16.67 sen compared with 6.50 sen
However, when compared with the preceeding quarter, the financial results showed a decline.
MAH SING GROUP BHD [] is teaming up with Thailand's largest retail developer Central Pattana plc to look into the proposed development and management of a shopping mall in Icon City, Petaling Jaya.
Mah Sing said on Wednesday, its unit Sierra Peninsular Development Sdn Bhd had signed an MoU with Central Pattana to exchange general information to look into the shopping mall project via a joint venture and/or partnership.
DRB-HICOM BHD [] plans to establish a medium term note sukuk programme of up to RM1.80 billion in nominal value to finance working capital requirements, projects and refinance borrowings.
