KLSE Stock Highlights Tuesday

Posted by Trading Advisor on 3:31 PM with No comments
  • Malaysia share prices opened higher on Tuesday with the FTSE Bursa Malaysia Kuala Lumpur Composite Index up 2.90points to 1,798.75.
  • The ringgit extended yesterday’s rally against the US dollar on continued buying interest.
  • Malayan Banking Bhd (Maybank) was ranked one of the "Top 100 Global Bank Brands", with a brand rating of AA+ in 2015, moving up to 91st position from 93rd in 2014.
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  • Foreign funds bought back Malaysian equity last week after two weeks of relatively intense selling, despite rating agency Fitch raising the odds that it may downgrade the country's sovereign rating.
  • Fordington Pte Ltd has extended the closing date for the unconditional take-over offer for Yokohama Industries Bhd from March 25 to April 8.
  • APFT Bhd's wholly-owned subsidiary, APFT Services Sdn Bhd has yesterday entered into a sale and purchase agreement with Solaire Sdn Bhd to dispose its used Robinson R66 Turbine Helicopter for US$870,000.
  • Tanjung Offshore Bhd's substantial shareholder Tan Sri Tan Kean Soon, appears to have turned the tide at Tanjung Offshore, managing to uplift a suspension on his role in the company, get re-designated to an executive role and appoint three others on the board without going through with an extraordinary general meeting (EGM).
  • Perak Corp Bhd (PCB) has rejected Amin Halim Rasip’s offer to buy its 5% stake in Integrax Bhd saying that Tenaga Nasional Bhd's (TNB) offer is "superior" to his despite him offering a higher price.
  • Kejuruteraan Samudra Timur Bhd (KSTB) has received a take over offer from its major shareholders for 48 sen a share, just a week before it is due to submit its regularisation plan.
  • Hibiscus Petroleum Bhd's jointly-controlled entity, Lime Petroleum Norway AS (Lime Norway) has secured a NOK700 million (RM323 million) loan to fund its four drilling programmes in 2015.
  • After its failed venture into the silver mining business, loss-making precision parts manufacturer Notion VTec Bhd is diving into the mobile phone business with the launch of its smartphone brand "Trendi" in May this year.
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