Malaysian[KLSE] Stock HighLights for Friday

Posted by Trading Advisor on 7:59 PM with No comments
  • Malaysia share prices opened higher on Friday with the FTSE Bursa Malaysia Kuala Lumpur Composite Index up 1.95 points to 1791.68.
  • CIMB Equities Research forecasts Petronas Dagangan’s first quarter 2015 performance to improve due to the rebound in the oil prices and the implementation of managed float system for RON 95 petrol and diesel since Dec 1, 2014.
  • Minister of International Trade and Industry is hoping the newly launched Mid-Tier Companies Development Programme (MTCDP) will contribute an additional 0.5% to the country's export market this year. Malaysia's exports grew 6.4% in 2014.
  • Digi.Com Bhd has appointed current COO Albern Murty as its new CEO effective April 1 with the departure of Lars-Åke Norling.
  • Dialog Group Bhd's executive chairman and major shareholder, Tan Sri Ngau Boon Keat has placed out 85.6 million shares, representing a 1.7% interest in the group, to certain institutional investors.
  • Corporates and millennials should capitalise on the Asean opportunity, as current intra-Asean trade stands at only 24% of total trade. Malayan Banking Bhd group president and CEO said if intra-Asean trade can be increased to 40% of total trade from 24%, the expected incremental impact on the Asean economy would be US$2.2 trillion (RM7.96trillion) annually and US$7 trillion in infrastructure spending.
  • Tenaga Nasional Bhd (TNB), which got a drop of 5.28% in its share price yesterday, could further cut the power tariff in the second half of 2015 due to potentially lower liquified natural gas pricing in tandem with the slump in crude oil price.
  • Malaysian has enforced anti-dumping duties on Hot Rolled Coils (HRC) originating from China and Indonesia, after a detailed investigation undertaken by the Ministry of International Trade and Industry (Miti) following a complaint by a domestic producer.
  • YTL Corp Bhd’s net profit for its second quarter ended Dec 31, 2014 dropped 16% to RM321.5mil from RM383.5mil in the previous corresponding period due to decrease earnings from its utilities divisions.
  • Malaysia is committed to realising the vision of the Asean Community, which will open up new and enormous opportunities for people and businesses through freer movement of goods, services, skilled labour and capital, said Prime Minister.