KUALA LUMPUR, May 21 — The Minister of Finance (Incorporated) MoF Inc may provide financial assistance to ailing oil-and-gas giant Sapura Energy Bhd, according to sources.
Sources familiar with developments at the wholly-owned Finance Ministry unit told The Edge that the intervention would be made under MoF (Inc) Act, which empowered the finance minister to enter into business transactions for social and strategic purposes.
"From what I know it is MoF Inc that will step up (lend a helping hand to Sapura Energy. What is discussed at present is some sort of assistance package...it could be a grant of some sort and it could be announced soon," one source was quoted as saying in the latest edition of The Edge.
It also said Finance Minister Tengku Datuk Seri Zafrul Aziz has been working on the proposal for several weeks......
KUALA LUMPUR (May 23): theedgemarkets.com highlighted nine stocks with momentum at Bursa Malaysia’s afternoon close on Monday (May 23). One stock displayed positive momentum, while eight showed negative momentum.
The stock with positive momentum was:
Sapura Energy Bhd— up two sen at nine sen
The stocks with negative momentum were:
Ajiya Bhd — up three sen at RM1.19
CAB Cakaran Corporation Bhd — up two sen at 55 sen
Gas Malaysia Bhd — down nine sen at RM3.01
Global Oriental Bhd — up 4.5 sen at 28 sen
KNM Group Bhd — down 0.5 sen at 19.5 sen
Malaysia Marine and Heavy Engineering Holdings Bhd — up 1.5 sen at 43 sen
MPHB Capital Bhd — down 8 sen at RM1.49
Padini Holdings Bhd — up 0.4 sen at RM3.49
The list of stocks with momentum is generated using a proprietary mathematical algorithm highlighting stocks with a build-up in trading volume and price. The algorithm differentiates between stocks that exhibit positive (+ve) momentum and negative (-ve) momentum.
This list is not a buy or sell recommendation. It merely tells you which stocks are seeing higher-than-normal volume and price movements.
The share price may move up or down from this point. But the “+ve” (suggesting a rising price trend on volume) and “-ve” (suggesting a falling price trend on volume) indicators should give readers a better idea of what the market is buying and when to sell. Note also that momentum generally only persists for a short period of time.
However, each stock has an accompanying fundamental score and valuation score to help readers evaluate the attractiveness of the stocks if they want to ride the momentum.
No $$ to pay back the RM347m thai bond, so maybe CGIF trust says... aya, never mind lar, so little $$ knm also cannot pay, then no need pay lor. that's why knm suspend.
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Suspend due to pajak off Borsig to pay off thai bond $$....Aiyo, Borsig is a cash cow for KNM. If Lembu susu also jual, mau buat apalagi business KNM ?
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....
greenbucket
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