Malaysia News Highlights for Tuesday-

Posted by Trading Advisor on 2:57 PM with No comments
Malaysia KLSE Stock Picks-
  • Malaysia share prices opened higher on Tuesday with the FTSE Bursa Malaysia Kuala Lumpur Composite Index up 4.50 points to 1785.02.
  • The ringgit opened slightly higher against the US dollar this morning, on renewed buying interest.
  • Foreign selldown of Malaysia-listed equities intensified to RM1.16 billion last week, exceeding RM1 billion for the second time this year, but heavy foreign selling is not expected to persist this week.
  • Property developer KSL Holdings Bhd has set a dividend policy of paying a minimum of 40% of annual core net profit from operations, excluding fair value gains, to shareholders with effect from the financial year ending Dec 31, 2015.
  • Asia Brands Bhd has proposed to raise RM100 million through the issuance of 15-year Islamic notes. In a filing with Bursa Malaysia, it said proceeds will be used for syariah-compliant purposes only, including financing investments, capital expenditure, working capital and other corporate purposes.
  • Astino Bhd's subsidiary Astino Agro-House Multi System Sdn Bhd (AAH) has proposed to buy three parcels of land in Penang for RM19.47 million.
  • IJM Corp Bhd has appointed Datuk Soam Heng Choon as its CEO and managing director effective April 6, 2015, replacing current CEO and managing director.
  • A joint initiative between the Construction Industry Development Board (CIDB) and Germany-based Bayer MaterialScience for affordable housing solutions will see lower prices for properties.
  • PUC Founder (MSC) Bhd's subsidiary MaxGreen Energy Sdn Bhd (MGE) has become a Feed-in-Tariff Approval Holder by the Sustainable Energy Development Authority Malaysia to develop and operate a solar photovoltaic plant with 1 megawatt power (MWp) capacity to produce electricity to be supplied to Tenaga Nasional Bhd (TNB).
  • Gabungan AQRS Bhd and Suria Capital Holdings Bhd will be working together to develop a mixed development with an estimated net sale value (NSV) of RM1.8 billion within the vicinity of Kota Kinabalu Port.
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