Bursa Malaysia Stock Watch
Maybank Research Highlights - 4 Nov 2014
kltrader
Publish date: Tue, 04 Nov 2014, 10:46 AM
kltrader
0 20,609
This blog provides consolidated Bursa Malaysia stock market research, analysis, news and blogs from various sources. You can search and find all the past analysis and coverage on stocks and news by searching within this site. While this blog re-publishes contents from other sites, it does not own the rights nor responsible for the accuracy of the contents. If you disagree to your content from being published here, please add a comment, and your article will be removed from this site.
| Local News |
|
MMHE: Bags O&G contracts worth MYR350m. Malaysia Marine and Heavy Engineering Holdings (MMHE) has secured two contracts worth nearly MYR350m for two exploration and production projects offshore Peninsular Malaysia. The first contract is for the fabrication of well head platform and its jacket, the connecting bridge, and heavier jacket for the central processing platform for the North Malay Basin Bergading Complex. (Source: The Star) Kinsteel: Kinsteel and Perwaja face delay in releasing audited accounts. Loss-making Kinsteel and its associate company Perwaja Holdings risk having their shares suspended from trading on Bursa Malaysia should the companies fail to meet a deadline to issue their audited financial statements. (Source: The Star) QL Resources: Extends takeover offer for Lay Hong. QL Resource's takeover bid of Lay Hong at MYR3.50 per share may be proving to be a slightly uphill task if its extension of the closing date from tomorrow 5pm on November 26 is any indication. QL did not state the reason for the extension in its filing with the exchange. (Source: The Edge Financial Daily) Axiata: Celcom partners SK Planet in e-commerce venture. Celcom Axiata and South Korea’s top e-commerce player, SK Planet, have formed a joint venture company to pursue e-commerce opportunities in Malaysia. The joint venture, Celcom Planet, aims to be a market leader in Malaysia's e-commerce industry, which is expected to grow rapidly as shoppers look for competitive prices and a wider variety of products. (Source: The New Straits Times) |
| Outside Malaysia |
|
U.S: Factories spur growth in October as world markets cool. The Institute for Supply Management's factory index increased to 59 in October, matching August as the highest since March 2011, after 56.6 the prior month, the group's report showed. Readings above 50 indicate expansion. A gauge of production was the strongest in a decade. (Source: Bloomberg) U.S: Borrowing needs at lowest since 2007 as economy strengthens. The U.S. Treasury Department said its borrowing from October through December will be the lowest for the period in seven years as the economy gains momentum, boosting tax receipts. The Treasury plans to issue USD 232b in net marketable debt in the final three months of this year, about USD 45 billion more than projected three months ago and the lowest since 2007, it said in Washington. Next quarter, the Treasury plans to borrow USD 209b, the department said. (Source: Bloomberg) E.U: Manufacturing barely grew last month as factory output in France and Italy shrank. A final reading of a Purchasing Managers' Index for the industry stood at 50.6 in October, London-based Markit Economics said. While that's up from a 14-month low of 50.3 in September, it's below a 50.7 estimate released on Oct. 23 and barely above the mark of 50 signaling expansion. The recovery in the 18-nation region came to a halt in the second quarter as its three largest economies failed to grow, and European Central Bank President Mario Draghi has warned of a deflationary spiral of falling prices and postponed spending. (Source: Bloomberg) U.K: Manufacturing growth unexpectedly accelerated to the fastest pace in three months in October as buoyant domestic demand offset weakening sales to the embattled euro region. Markit Economics said its Purchasing Managers' Index climbed to 53.2 from 51.5 in September. A reading above 50 indicates expansion. (Source: Bloomberg) China: Services industry fell to a nine-month low in October, joining manufacturing in signaling a broadening economic slowdown. The government's non-manufacturing Purchasing Managers' Index fell to 53.8 last month from 54 in September. The official manufacturing PMI released Nov. 1 was at 50.8 in October compared with September's 51.1. (Source: Bloomberg) Vietnam: Credit rating was raised to three levels below investment grade by Fitch Ratings, which said the country's macroeconomic stability has improved. The company raised its rating on Vietnam's long-term foreign and local currency debt to BB- from B+, and revised the outlook to stable from positive, it said in a statement. Standard & Poor's already rates Vietnam at BB-, while Moody's Investors Service raised its assessment in July to B1, four steps below investment grade. (Source: Bloomberg) Source: Maybank Research - 4 Nov 2014 |
Related Stocks
| Chart | Stock Name | Last | Change | Volume |
|---|
More articles on Bursa Malaysia Stock Watch
Tambun Indah - The 2nd Penang Bridge To Narrow Property Price Gap
Created by kltrader | Oct 11, 2012
Plantation ' Share Prices Not Reflecting CPO Price Movement ' Is A Correction Coming? (Neutral)
Created by kltrader | Oct 11, 2012
Discussions
Be the first to like this. Showing 0 of 0 comments
Post a Comment
Featured Posts
Introducing MY's First IPO Fund for Sophisticated Investors!
New Update. Discover investment communities that resonate with your ideas
M & A Value Partners IPO Equity Fund has been launched - Targeted 13% Return p.a
Latest Videos
Apps
Top Articles
1
Good Articles to Share
Trump win to test limit of presidential power; Harris concedes but vows 'fight'
4
save malaysia!
5
6
TA Sector Research
7
BFM Podcast
#
Stock
Score
Daily Stocks
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Featured Advertisers / Partners
Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
