Mon, May 21, 2012, 12:40 PM SGT - Singapore Markets close in 4 hrs 20 mins

Financial News from The Edge Malaysia

  • Ovum: Life sciences IT-related spending to hit US$ … The Edge Malaysia - Fri, May 18, 2012 11:15 AM SGT

    KUALA LUMPUR (May 18): Total IT-related spending in the life sciences sector to grow modestly during the next five years to reach US$37 billion (RM115.81 billion) in 2016, according to Australia-b

  • Landbanking — an investment class of its own The Edge Malaysia - Fri, May 18, 2012 10:45 AM SGT

    LANDBANKING schemes have been making headlines for the wrong reasons. Last year, the UK's financial services regulator, the Financial Services Authority (FSA), reported that investors in the count

  • Teens and credit cards The Edge Malaysia - Fri, May 18, 2012 10:30 AM SGT

    WHEN her daughter went to the UK to complete her tertiary education last year, Jenny Yap gave the 20-year-old a supplementary credit card. The financial planner believes that the young lady would

  • Steering clear of the euro precipice The Edge Malaysia - Fri, May 18, 2012 10:30 AM SGT

    RENEWED turbulence in the eurozone bond market underlines the need to reappraise the policies now being pursued in order to overcome Europe's sovereign debt crisis. Indeed, the recent election res

  • Facebook's debut tonight to deepen Vincent Tan's p … The Edge Malaysia - Fri, May 18, 2012 10:15 AM SGT

    KUALA LUMPUR (May 18): Facebook Inc will have its shares first traded on the US Nasdaq market later tonight. A strong debut in the market beyond the social networking giant's US$104 billion (RM3

  • JobStreet adds Vietnam to portfolio The Edge Malaysia - Fri, May 18, 2012 10:15 AM SGT

    KUALA LUMPUR (May 18): JobStreet Corp Bhd is set to widen its portfolio in Southeast Asia with Vietnam as its latest addition. In a filing with Bursa Malaysia on Thursday, the online recrui

  • KLCI struggles to stay above 1,530-level at mid-morning … The Edge Malaysia - Fri, May 18, 2012 10:00 AM SGT

    KUALA LUMPUR (May 18): The FBM KLCI fell sharply at mid-morning Friday, in line with the weaker sentiment at key regional markets and barely managed to stay above the 1,530-level. At 10am,

  • CIMB Research maintains Outperform on Xingquan, target … The Edge Malaysia - Fri, May 18, 2012 9:00 AM SGT

    KUALA LUMPUR (May 18): CIMB Research has maintained its Outperform rating on Xingquan International at 86 sen with a target price of RM1.47 and said the company’s move into outdoor casual wear was

  • KLCI falls below 1,540-level in early trade The Edge Malaysia - Fri, May 18, 2012 9:00 AM SGT

    KUALA LUMPUR (May 18): The FBM KLCI fell sharply on Friday in line with the prevailing weak sentiment at global markets, following the obvernight slump at European and US markets. Asian sha

  • Boustead, UAC request for trading halt from 9am pending … The Edge Malaysia - Fri, May 18, 2012 8:45 AM SGT

    KUALA LUMPUR (May 18): Boustead Holdings Bhd and UAC Bhd have requested for a trading halt in their respective securities from 9am on Friday pending an announcement.UAC in a filing to Burs

  • MIDF Research maintains Neutral on AMMB, lowers target … The Edge Malaysia - Fri, May 18, 2012 8:15 AM SGT

    KUALA LUMPUR (May 18): MIDF Research has maintained its Neutral rating on AMMB Holdings Bhd and lowered its target price to RM6.50 (from RM6.60) following the adjustment in its earnings estimate,

  • #Stocks to Watch* AMMB, JCY, Fajarbaru, IGB Corp, Notion … The Edge Malaysia - Thu, May 17, 2012 11:45 PM SGT

    KUALA LUMPUR (May 18): External factors could limit any gains the FBM KLCI might make on Friday following its rebound a day earlier, as early trade at the European markets demonstrated that the Gr

  • The global IT landscape and our niche The Edge Malaysia - Thu, May 17, 2012 11:45 PM SGT

    LAST week, I wrote about the need to have a level playing field to create global IT giants. In fact, the creation of the said IT giants would require other factors as well. One factor is tha

  • Notion Vtec 2Q net profit up 43.49% to RM15.54m The Edge Malaysia - Thu, May 17, 2012 8:45 PM SGT

    KUALA LUMPUR (May 17): Notion Vtec Bhd net profit for the second quarter ended March 31, 2012 rose 43.49% to RM15.54 million from RM10.83 million a year earlier, on the back of higher revenue.

  • Notion Vtec 2Q net profit up 43.49% to RM15.54 mil … The Edge Malaysia - Thu, May 17, 2012 6:45 PM SGT

    KUALA LUMPUR (May 17): Notion Vtec Bhd net profit for the second quarter ended March 31, 2012 rose 43.49% to RM15.54 million from RM10.83 million a year earlier, on teh back of higher revenue.

  • Reinterpreting Teresa Teng The Edge Malaysia - Thu, May 17, 2012 6:00 PM SGT

    WITH a voice that is mellifluous and yet capable of conveying so much depth and emotion, the late Teresa Teng was a singular and truly versatile artiste. The reigning Taiwanese pop queen of the 19

  • IGB Corp 1Q net profit up 47.96% to RM57.44m The Edge Malaysia - Thu, May 17, 2012 5:45 PM SGT

    KUALA LUMPUR (May 17): IGB Corporation Bhd net profit for the first quarter ended March 31, 2012 jumped 47.96% to RM57.44 million from RM38.82 million a year earlier, due to improved performance b

  • Life and sole The Edge Malaysia - Thu, May 17, 2012 5:30 PM SGT

    BASED on shoe couturier Christian Louboutin's inspirations alone, you can tell that this Paris-born designer was destined for incredible things. Rather than use fashion as inspiration, he

  • JCY International 2Q net profit surges 12 fold to  … The Edge Malaysia - Thu, May 17, 2012 5:30 PM SGT

    KUALA LUMPUR (May 17): JCY International Bhd net profit for the second quarter ended March 31, 2012 surged 12 fold to RM163.09 million from RM12.46 million a year earlier, on the back of 45% incre

  • 'Ready to tackle the world' The Edge Malaysia - Thu, May 17, 2012 5:30 PM SGT

    IDOTTV SDN BHD, the mobile technology specialist subsidiary of Sedania Group, has a grand dream. And to make its dream come true, it has ambitiously gathered a "World Innovative Team" (WIT) to...

  • Six vying to be Bandar Malaysia designer instead of … The Edge Malaysia - Thu, May 17, 2012 5:00 PM SGT

    KUALA LUMPUR (May 17): As many as six finalists have been chosen in the Bandar Malaysia International Design Competition to select the best Master Plan for the new sustainable city. The six

  • Fajarbaru unit gets RM13.65m KLIA2 docking guidance … The Edge Malaysia - Thu, May 17, 2012 5:00 PM SGT

    KUALA LUMPUR (May 17): Fajarbaru Builder Group Bhd’s unit has secured contract worth RM13.65 million from Malaysia Airports Holdings Berhad for a visual docking guidance system (VGDS) at KLIA2, KL

  • KLCI pares down gains as Europe shares retreat The Edge Malaysia - Thu, May 17, 2012 5:00 PM SGT

    KUALA LUMPUR (May 17): The FBM KLCI pared down some of its gains on Thursday as European markets retreated on opening, while Asian markets ended mixed, on growing concerns over Greek and the euroz

  • Doing development better The Edge Malaysia - Thu, May 17, 2012 4:30 PM SGT

    JIM Yong Kim's appointment as World Bank president may have been predictable, given the long-standing tradition that renders the selection an American prerogative. But even the appearance of compe

  • AMMB 4Q net profit up 8.3% to RM342.63m The Edge Malaysia - Thu, May 17, 2012 4:15 PM SGT

    KUALA LUMPUR (May 17): AMMB Holdings Bhd net profit for the fourth quarter ended March 31, 2012 rose 8.3% to RM342.63 million from RM316.35 million a year earlier, due mainly to strong non-interes

  • KL among Asia’s top contenders for the title of Ultimate … The Edge Malaysia - Thu, May 17, 2012 3:00 PM SGT

    KUALA LUMPUR (May 17): Kuala Lumpur is among the only four cities from Asia to be shortlisted for the title of the SportBusiness Ultimate Sports City of 2012, according to Malaysia Convention & Ex

  • EPF Joins JCorp in KFC & QSR Acquisition The Edge Malaysia - Thu, May 17, 2012 2:30 PM SGT

    KUALA LUMPUR (May 17); The Employees Provident Fund (EPF) has joined Johor Corporation (JCorp) to become shareholders of Massive Equity Sdn Bhd (MESB), the special purpose vehicle formed to undert

  • AMMB 4Q net profit up 8.3% to RM342.63 million. The Edge Malaysia - Thu, May 17, 2012 2:00 PM SGT

    KUALA LUMPUR (May 17): AMMB Holdings Bhd net profit for the fourth quarter ended March 31, 2012 rose 8.3% to RM342.63 million from RM316.35 million a year earlier, due mainly to strong non-interes

  • Scomi to exit machine shop biz with disposal of Nigerian … The Edge Malaysia - Thu, May 17, 2012 1:30 PM SGT

    KUALA LUMPUR (May 17): Scomi Group Bhd is exiting from the machine shop business after disposing its entire interest in Scomi Nigeria Pte Ltd and 2% equity interest in Oiltools Africa Limited (OAL

  • TNB, blue chips lift KLCI 1% at mid-day break The Edge Malaysia - Thu, May 17, 2012 12:45 PM SGT

    KUALA LUMPUR (May 17): The FBM KLCI rose 1% at the midday break on Thursday, in line with the slight but broad recovery at regional markets. The benchmark index gained 15.41 points to 1,551

  • Bersih 2.0 urges voters to mitigate fraud The Edge Malaysia - Thu, May 17, 2012 12:15 PM SGT

    KUALA LUMPUR: The Bersih 2.0 coalition for clean and fair elections has urged voters to take two steps to mitigate fraud in the upcoming general election. The first is to deliver the largest ever

  • Marriott International expands in Thailand The Edge Malaysia - Thu, May 17, 2012 12:00 PM SGT

    IF you're used to the standards of a Marriott hotel and travel often to Thailand, there is reason to rejoice — the US-based hotel operator and franchiser recently announced the opening of three ne

  • ECM Libra Research maintains Hold on SapuraKencana, … The Edge Malaysia - Thu, May 17, 2012 11:45 AM SGT

    KUALA LUMPUR (May 17): ECM Libra Research has maintained its Hold rating with a target price of RM2.52 on SapuraKencana Petreleum which will be listed on Thursday at the reference price of RM2.24.

  • RAM Ratings withdraws Kencana's ratings, assigns AA3 … The Edge Malaysia - Thu, May 17, 2012 11:45 AM SGT

    KUALA LUMPUR (May 17): RAM Ratings has withdrawn the AA3 ratings of Kencana Petrolem Bhd's (Kencana) RM700 million Sukuk Mudharabah Programme (2011/2026) (Sukuk Mudharabah) and proposed RM350 mill

  • Green heart The Edge Malaysia - Thu, May 17, 2012 11:45 AM SGT

    THE subject of endangered animals is never really far from our minds, yet it is not at the forefront of our collective consciousness either. Recent events, however, have retrained the spotlight on

  • MISC rises after upgrades by Maybank IB Research, CIMB … The Edge Malaysia - Thu, May 17, 2012 11:45 AM SGT

    KUALA LUMPUR (May 17): MISC Bhd shares advanced on Thursday, rising after it was upgraded by Maybank IB Research to a Hold from Sell, and by CIMB Research to Neutral from Underperform. At 9

  • WCT eyes RM1b worth of jobs The Edge Malaysia - Thu, May 17, 2012 11:45 AM SGT

    KLANG (May 17): Construction and civil engineering outfit WCT Bhd is targeting to secure at least 20% out of its RM5 billion tender book for the remaining quarters of this year. During 1Q,

  • Hong Leong Bank edges up on firm 3Q earnings The Edge Malaysia - Thu, May 17, 2012 11:45 AM SGT

    KUALA LUMPUR (May 17); Hong Leong Bank Bhd shares rose on Thursday after its net profit for the third quarter ended March 31, 2012 surged 60.54% to RM465.1 million from RM289.69 million a year ear

  • MIDF Research maintains Neutral on Konsortium Logistik, … The Edge Malaysia - Thu, May 17, 2012 11:45 AM SGT

    KUALA LUMPUR (May 17): MIDF Research has maintained its Neutral rating on Konsortium Logistik Bhd with a target price of RM1.10, and said it revised downwards its FY12 and FY13 earnings forecast b

  • S P Setia replenishing landbank in Penang The Edge Malaysia - Thu, May 17, 2012 11:45 AM SGT

    S P Setia Bhd (May 16, RM3.70)Upgrade to buy at RM3.71 with target price of RM4.21: S P Setia has proposed to acquire a 8.6ha piece of free

  • CIMB Research maintains Underperform on MISC, target … The Edge Malaysia - Thu, May 17, 2012 11:45 AM SGT

    KUALA LUMPUR (May 16): CIMB Research has maintained its Underperform rating on MISC Bhd at RM4.09 with a target price of RM4.35, and said MISC turned in larger losses in 1Q12, probably because of

  • Asia as global leader — not so fast The Edge Malaysia - Thu, May 17, 2012 11:45 AM SGT

    AS the European economy teeters on the verge of a second recession and the US recovery wobbles, Asia is brimming with optimism. For Asian triumphalists attending a recent conference in Thailand

  • KLCI rebounds as Asian markets steady The Edge Malaysia - Thu, May 17, 2012 11:45 AM SGT

    KUALA LUMPUR (MAY 17): The FBM KLCI rebounded on Thursday and was firmly in positive territory at the mid-morning break, lifted by gains at key blue chips including CIMB, AirAsia and Petronas Chem

  • EIU's Qian Liu confident on China's growth The Edge Malaysia - Thu, May 17, 2012 11:45 AM SGT

    QIAN LIU remembers what it was like to be a Chinese PhD student in Uppsala, Sweden's fourth-largest city, located 70km from the capital, Stockholm. Compared with Beijing, which is teeming with 20

  • SapuraKencana debuts with a 2.67% premium, opens at … The Edge Malaysia - Thu, May 17, 2012 11:45 AM SGT

    KUALA LUMPUR (May 17): SapuraKencana Petroleum Bhd opened 2.67% higher at RM2.30 on its debut on the Main Market of Bursa Malaysia on Thursday, and was the most actively-traded counter at 9am with

  • Vincent Tan wants red but Cardiff City remains blu … The Edge Malaysia - Thu, May 17, 2012 11:45 AM SGT

    CHANGE is always difficult to accept, but when it comes to a tradition that has lasted for more than 100 years and involves passionate sports fans, it can be an insurmountable barrier.

  • Bank Negara inks MoU with Central Bank of Turkey for … The Edge Malaysia - Thu, May 17, 2012 11:45 AM SGT

    KUALA LUMPUR (MAY 17): Bank Negara Malaysia (BNM) has inked a memorandum of understanding (MoU) with the central bank of the republic of Turkey for strategic cooperation between the two countries.

  • #Stocks to Watch* SapuraKencana, Hong Leong Bank, HSL, … The Edge Malaysia - Thu, May 17, 2012 11:45 AM SGT

    KUALA LUMPUR (May 17): The FBM KLCI, which fell the most in almost seven months on Wednesday, might find some respite in the much-touted listing of SapuraKencana Petroleum Bhd with a potential mar

  • Kencana unit gets EPC contract valued at RM48.9 mi … The Edge Malaysia - Tue, May 15, 2012 6:00 PM SGT

    KUALA LUMPUR (May 15): Kencana Petroleum Bhd unit Kencana HL Sdn Bhd (KHL) has entered an engineering, procurement, and construction (“EPC”) contract worth RM48.9 million with  Petrofac E & C Sdn

  • Tomei to allocate RM20m in capex to open 6 stores nationwide … The Edge Malaysia - Tue, May 15, 2012 5:45 PM SGT

    KUALA LUMPUR (May 15): Tomei Consolidated Bhd is allocating RM20 million in capital expenditure to open six s

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