KLSE Stock Highlights Tuesday

• 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.

• 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.