KUALA LUMPUR (Dec 22): The FBM KLCI and regional markets are likely tread cautiously on Thursday, as the initial euphoria that followed the take-up of nearly 490 billion euros from the European Central Bank at its first-ever offer of three-year loans on Wednesday died out.
European shares reversed their gains and trended lower in early trade, as jitters over the actual extent of the eurozone debt crisis resurfaced.
Investor confidence at European markets appeared to fade as the heavy take-up of the ECB money highlighted the pressures upon European banks.
On Bursa Malaysia, among the stocks that could be in focus are BOUSTEAD HOLDINGS BHD [], BOUSTEAD HEAVY INDUSTRIES CORPORATION BHD (BHIC), DRB-HICOM BHD [], JAYA TIASA HOLDINGS BHD [], Fajarbaru Builder Group Bhd and Aeon Co (M) Bhd.
Boustead denied a news report that it was considering taking Boustead Heavy Industries Corporation Bhd private.
“We would like to clarify that Boustead is currently not considering any proposal to privatise Boustead Heavy Industries Corporation Bhd,” the conglomerate told Bursa Malaysia Securities Bhd in a one-paragraph statement on Wednesday.
DRB-Hicom’s unit has entered into a swap agreement to convert the status of its land in Langkawi from Malay reserve (MR) to non-Malay reserve with a view to undertake high-end boutique luxury mixed developments there.
Its unit Rebak Island Marina Bhd (Rebak) has entered into the agreement with Northern Gateway Free Zone Sdn Bhd (NGFZ) to change the designation of 333 acres of land owned by Rebak from MR to non-MR status of 350 acres freehold land in Bandar Kota Perdana, Kubang Pasu, Kedah for RM76 million cash.
Jaya Tiasa Holdings Bhd net profit for the second quarter ended Oct 31, 2011 rose 36.8% to RM41.16 million from RM30.07 million a year earlier, due mainly to increase in revenue.
Fajarbaru secured a RM61.99 million contract to build a sewage treatment plant on Klang, Selangor.
Aeon is acquiring two pieces of freehold land measuring 7.37ha in Kulai for RM22.22 million as part of its strategy to expand its retail business and operate shopping centre with car parks and departmental stores cum supermarket.
European shares reversed their gains and trended lower in early trade, as jitters over the actual extent of the eurozone debt crisis resurfaced.
Investor confidence at European markets appeared to fade as the heavy take-up of the ECB money highlighted the pressures upon European banks.
On Bursa Malaysia, among the stocks that could be in focus are BOUSTEAD HOLDINGS BHD [], BOUSTEAD HEAVY INDUSTRIES CORPORATION BHD (BHIC), DRB-HICOM BHD [], JAYA TIASA HOLDINGS BHD [], Fajarbaru Builder Group Bhd and Aeon Co (M) Bhd.
Boustead denied a news report that it was considering taking Boustead Heavy Industries Corporation Bhd private.
“We would like to clarify that Boustead is currently not considering any proposal to privatise Boustead Heavy Industries Corporation Bhd,” the conglomerate told Bursa Malaysia Securities Bhd in a one-paragraph statement on Wednesday.
DRB-Hicom’s unit has entered into a swap agreement to convert the status of its land in Langkawi from Malay reserve (MR) to non-Malay reserve with a view to undertake high-end boutique luxury mixed developments there.
Its unit Rebak Island Marina Bhd (Rebak) has entered into the agreement with Northern Gateway Free Zone Sdn Bhd (NGFZ) to change the designation of 333 acres of land owned by Rebak from MR to non-MR status of 350 acres freehold land in Bandar Kota Perdana, Kubang Pasu, Kedah for RM76 million cash.
Jaya Tiasa Holdings Bhd net profit for the second quarter ended Oct 31, 2011 rose 36.8% to RM41.16 million from RM30.07 million a year earlier, due mainly to increase in revenue.
Fajarbaru secured a RM61.99 million contract to build a sewage treatment plant on Klang, Selangor.
Aeon is acquiring two pieces of freehold land measuring 7.37ha in Kulai for RM22.22 million as part of its strategy to expand its retail business and operate shopping centre with car parks and departmental stores cum supermarket.
