Malaysian[KLSE] Stock HighLights for Wednesday

Posted by Trading Advisor on 8:26 PM with No comments
  • Malaysia share prices opened higher on Tuesday with the FTSE Bursa Malaysia Kuala Lumpur Composite Index 0.14 lower at 1,810.98.
  • The international reserves of Bank Negara Malaysia amounted to RM386.5 billion (US$110.6 billion) as at Jan 30, 2015, down from RM388.6 billion (US$111.2 billion) as at Jan 15, 2015. The reserves position is sufficient to finance 7.9 months of retained imports and is 1.1 times the short-term external debt.
  • Eden Inc Bhd's subsidiary, Musteq Hydro Sdn Bhd's next principal repayment due on July 26, 2015 for its RM80 million sukuk will determine the company's liquidity position.
  • Puncak Niaga Holdings Bhd has expressed its concern over the Selangor water restructuring exercise, after a second extension was granted to allow certain conditions of the water assets sale to Pengurusan Air Selangor Sdn Bhd (Air Selangor) to be fulfilled.
  • The Malaysia Deposit Insurance Corporation (PIDM) announced its Corporate Plan 2015-2017, which would involve completing a system to support the risk assessment and monitoring of insurer members.
  • The Securities Commission Malaysia (SC) has released the Guidelines on Regulation of Markets under Section 34 of the Capital Markets and Services Act 2007 to introduce new requirements for the registration of equity crowdfunding (ECF) platforms and provide governance arrangement for the operator of such platforms.
  • Himalayan Bank Ltd, the first bank in Nepal to expand out of the country, opened its first overseas representative office in Malaysia, with an aim to serve the growing Nepalese population here and bridge Malaysian investments into Nepal.
  • BBCC Development Sdn Bhd signed a memorandum of understanding with Zepp Hall Network Inc to explore opportunities for Zepp to participate in the entertainment component of the RM8 billion Bukit Bintang City Centre (BBCC) project, and will next look at potential investors for the hotel component of the development.

  • Investors are unlikely to pull back investments in the country, even though a recent study concluded that Malaysians place greater trust in non-governmental organisations compared to the government.
  • CME Group Bhd has entered into a joint-venture with Tanah Mestika Sdn Bhd to undertake a mixed development with a gross development value of RM124.42 million in Kuantan, Pahang.
  • Malaysia's GDP for 2014 is set to exceed Moody Analytics' forecast of 5.3 per cent as technology production and the construction sector are helping to offset a slowdown in the energy sector.