#Hot Stock* BToto slips 1% on weaker 4Q profit

Wed, 19 Jun 2013 11:24 am
KUALA LUMPUR (June 19): Berjaya Sports Toto Bhd (BToto) dipped after the number-forecast operator (NFO) announced a  17% fall in fourth quarter net profit from a year earlier. The numbers came in below market expectations. The NFO?s interim dividend of four sen a share for the fourth quarter ended April 30, 2013 (4QFY13) did not help to lift up the stock. At 10:25am, BToto shed three sen or 0.699% to RM4.26 with 367,400 shares changing hands. The counter went to an intraday low of RM4.24 ea...

What's ahead for equity investors?

Tue, 18 Jun 2013 03:22 pm
GLOBAL equities advanced during the first several months of the year as investors weighed continued policy stimulus and solid corporate earnings results against anaemic economic data. Headline economic trends remained lacklustre; 2.5% first quarter GDP growth in the US disappointed on government spending cuts, China?s 7.7% acceleration marked the longest stretch of sub-8% growth in two decades, and manufacturing and services in the eurozone showed further signs of weakness. The eurozone remains ...

MAHB bills UEMC-Bina Puri for delay

Tue, 18 Jun 2013 10:06 am
KUALA LUMPUR: Malaysia Airports Holdings Bhd (MAHB) will be charging its contractor, UEMC-Bina Puri JV, RM199,445 per day starting Sunday for failing to meet the deadline to complete constructing the terminal building in klia2. MAHB yesterday told Bursa Malaysia it had issued the certificate of non-completion to the JV company for the inability to finish its jobs by the approved deadline of June 15. UEM Group unit, UEM Construction Sdn Bhd, holds a 60% equity stake in the joint venture while Bin...

#Highlight* MRCB-Gapurna poser

Tue, 18 Jun 2013 09:35 am
KUALA LUMPUR: The land deal between Malaysian Resources Corp Bhd (MRCB) and Nusa Gapurna Development Sdn Bhd (NGD) will go on despite Selangor State Development Corp's (PKNS) intention to stay out of the deal and to acquire the remaining 70% interest in PJ Sentral Development Sdn Bhd. PKNS has a 30% stake in PJ Sentral Development, one of the companies that MRCB is poised to acquire under its asset acquisition transactions with NGD. The state-owned developer was served a "drag along" notice by G...

Asean investors should be wary of currency turmoil

Mon, 17 Jun 2013 12:00 am
KUALA LUMPUR: Renowned international investor Jim Rogers has warned Asean investors to be wary of currency volatility that could spill over into stock markets in emerging Asean economies. "Going forward, there is going to be a huge currency turmoil," the American investor said at the conference on June 13. Rogers encouraged investors to learn how to sponge the currency effect so they are not badly affected, noting that this specifically applies to investors that carry trade. Currency carry trade...

Off-Market Trades

Fri, 14 Jun 2013 12:00 am
FROM May 29 to June 4, some 675.75 million shares worth RM1.77 billion were transacted off market in blocks of at least 550,000 shares. Notable transactions included those at Ideal Jacobs (M) Corp Bhd, which saw 10 million shares or a 8.33% stake change hands. There has yet to be any filing with Bursa Malaysia on recent changes in substantial shareholdings. On May 22, the labelling specialist entered into a sale and purchase agreement with Wang Li Yan to dispose of its existing factory in Xiamen...

Is circulation relevant?

Thu, 13 Jun 2013 10:51 am
KUALA LUMPUR: ?Relevance? is the theme for the Audit Bureau of Circulations (ABC) Malaysia Forum 2013, where a panel of media industry leaders will debate on the perennial industry issue of circulation and readership. To be held on July 5 at Bukit Kiara Equestrian & Country Resort in Kuala Lumpur, the event is expected to attract some 250 media and marketing professionals. The forum will kick off with a panel discussion on The great debate ? who will stand? that will be moderated by former A...

DDB crowned creative network of the year

Thu, 21 Mar 2013 02:10 pm
PETALING JAYA: DDB Group Asia Pacific has won the coveted ?Creative Network of the Year? award by Campaign Asia-Pacific after a final judging session in Singapore on March 6, DDB Group said in a statement on Tuesday. This recognition comes on the back of DDB Asia-Pacific?s stellar performance in the Agency of the Year awards last December where the group registered 29 wins and finalist positions. DDB Group Asia-Pacific?s footprint covers 13 territories ? Malaysia, Australia, New Zealand, Singapo...

Research reveals young employee retention is a global issue

Thu, 29 Nov 2012 07:20 am
KUALA LUMPUR (Dec 3): A new research has revealed that the biggest concern for managers worldwide about Generation Y in the workplace is employee retention. Following a global survey of 2,900 managers and graduates, the UK-based Ashridge Business School in a report entitled ?Culture Shock! Generation Y and their managers around the world? found that frequent job changes and lack of life skills mean that managers are concerned that future leaders lack the experience to enable them to judge risk a...

Accenture's challenge in hyper-growth countries

Fri, 19 Oct 2012 12:00 am
EMERGING economies, especially the huge ones such as China and India, offer great opportunities for businesses to grow. However, the ingredients for growth include not only capital, management and technology but also talent, which can be sorely lacking. Accenture, one of the world's largest firms in management and technology consultancy and business outsourcing, faced that challenge when it was trying to ramp up its business in India. "Our growth projections in India were immense, we were into h...

S'pore should lead institutional reform to defuse regional disputes, says academic

Wed, 17 Oct 2012 12:00 am
WORLD War I decimated a generation of young Europeans. Yet, with the hindsight of history, the four-year-long conflict was not launched deliberately by the major powers but sparked off by long-standing feuds between nations and their allies that took an "accidental" turn for the worse. Long before the first shots were fired in WWI, Germany was aching for respect as a new major power, France was still smarting from its defeat in the Franco-Prussian War four decades ago, the UK was partly implicat...

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ASEAN

 Last Chg %
FTSTI  3,213.7915.760.49
KLCI  1,772.881.170.07
JKSE  2,093.29436.6471.78
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GLOBAL

 Last Chg %
Hang Seng  21,225.900.000.00
Aust. Ord  4,861.4066.801.39
DJIA  15,179.85109.670.73
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SG Futures Last Chg P/D
SIMSCI JUN13359.501.00359.50
SIMSCI JUL13358.801.10358.80
SIMSCI AUG13356.500.00356.50
SIMSCI SEP13356.500.00356.50
SIMSCI DEC13355.700.00355.70
SIMSCI MAR14355.200.00355.20
SIMSCI JUN140.00-
SIMSCI C1359.501.00-

Commodities

 Last Chg %
KLCPO JUL 132,466.001.000.04
KLCPO AUG 132,480.007.000.28
KLCPO CONT. CONTRACT2,472.004.000.16
KLCPO SEP 132,472.004.000.16
KLCPO OCT 132,463.001.000.04
KLCPO NOV 132,462.000.000.00
KLCPO DEC 132,465.004.000.16
KLCPO JAN 142,476.000.000.00
KLCPO MAR 142,493.002.000.08
KLCPO MAY 142,501.002.000.08
KLCPO JUL 142,501.003.000.12
KLCPO SEP 142,503.004.000.16
KLCPO NOV 142,500.000.000.00
KLCPO JAN 152,512.000.000.00
KLCPO MAR 152,515.007.000.28
KLCPO MAY 152,515.007.000.28
Currency
Exchange rate against USD1
Singapore Dollar1.255
Malaysia Ringgit3.134
Thailand Baht30.685
Vietnam Dong21,030
Indonesia Rupiah9,885
*mid, cross rate
Performance (%) MTD QTD YTD
FTSTI   2.95 2.85 1.47
KLCI   0.21 6.06 4.97
JKSE   1.17 43.41 51.74
Hang Seng   5.21 4.82 6.32
Aust. Ord   2.28 3.32 3.21
DJIA   0.43 4.12 15.84
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Quotes Last Chg %
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