20050923 Market Roundup JetFM
Market Roundup ( 23/9/2005 ) by Jupiter Research
Another dull trading day
At 5 pm, the Kuala Lumpur Composite Index (KLCI) fell 1.16 points to 921.89. Volume expanded to 408.45 mln shares valued at RM675.91 mln. Losers outpaced gainers 366 to 313, while 319 counters were unchanged and 417 untraded. The Emas Index dropped 0.19 points to 209.90, while the Second Board lost 0.33 points to 87.26. Share prices ended lower amid concerns over rising inflation with most investors reluctant to take any heavy positions ahead of the weekend in the absence of fresh leads. Among blue chips, Tenaga lost 10 sen to RM10.70, while both Malayan Banking and Telekom were unchanged at RM11.60 and RM10.30 respectively. GHLSYS-OR was the most active counter at 3 sen added 0.5 sen with 16.82 mln shares done.
Crescendo Corp has reported an interim group pre-tax profit of RM10.508 mln, an increase of 3.1% year-on-year. It attributed the marginal increase in pre-tax profit to a change in the sales mix. The proportion of sales for concrete products operation has increased significantly as compared to a drop in industrial property sales that have a higher profit margin than concrete products, it said in a filing to Bursa Malaysia on Thursday. Crescendo was not traded at 95 sen.
NasionCom Holdings will emerge as a formidable outfit in the takeover of a small but profitable information technology company, LeadingSide. NasionCom will pay between RM15 mln and RM20 mln in cash for a 100% stake in LeadingSide and the acquisition is expected to boost the company's profit this year. The deal will be announced as early as next week. Under the deal, LeadingSide would guarantee NasionCom of a pre-tax profit of about RM2.5 mln to RM3 mln in the 1st year and up to RM5 mln in the 2nd year. NasionCom at 19 sen added 1 sen.
Eden Enterprises will invest over USD2 bln in Pakistan's energy, housing, construction and tourism sectors. Tan Sri Dato Chairman and CEO of the group said the group takes Pakistan as a promising market for investment and it was joining hands with DHA Cogen, a local group, for investing in the power sector. Tan Sri said that his group has already got approval from Private Power Infrastructure Board for 2 power projects, a 200 MW Green power project in Badin, costing USD150 mln and Suki Kinari, 655 MW hydropower project in Mansehra. The project's cost may range between USD800 mln to USD1 bln. Eden at 45 sen improved 1 sen.
Bursa Malaysia has finally decided to step into the ring to help clear the confusion surrounding QSR Brands that is locked in a takeover battle. The regulator has asked the 2 parties to give more information on conflicting statements that were posted on Bursa Malaysia's website. Separately, Abdul Wahid Ahmad Shuhaime, who is believed to be a politician, has emerged as a substantial shareholder of QSR Brands after the acquisition of a 10.24% stake amid an ongoing tussle for control of the company. QSR at RM3.08 was unchanged.
Among highlights for today, Genting at RM20.80 (+30 sen); AirAsia at RM1.57 (+1 sen); KLCC Property Holdings at RM2.13 (unchanged); Sime Engineering Services at RM1.12 (+2 sen); Sime Darby at RM6.15 (unchanged); MCSB Systems at 34.5 sen (+3 sen); Tien Wah Press Holdings at RM2.29 (+20 sen); Pantai Holdings at RM1.88 (-1 sen); Hong Leong Bank at RM5.35 (unchanged); PDZ Holdings at RM1.59 (-1 sen); PLUS Expressways at RM3.22 (-6 sen); JT International at RM4.04 (unchanged); Ingress Corp at RM1.20 (-1 sen); Kuala Lumpur City Corp at 72.5 sen (-1 sen).
Hong Kong stocks fell a quarter of a percent in subdued trade on Friday with investors cautious after larger-than-expected local interest rate rises and ahead of a closely watched land auction next week. Worries about the potential impact of Hurricane Rita in the United States also affected sentiment. The blue chip Hang Seng Index fell 0.24% to 15,143.97. The index rose 1.07% over the course of a holiday shortened trading week. South Korea's KOSPI at 1,175.88 shed 2.01% had its biggest decline since August 29 as some investors bet recent gains more than reflected earnings prospects. The KOSPI jumped 11% this month through yesterday and is set for the biggest monthly gain since October 2003. For the year, the benchmark has jumped 33% in US Dollar terms. The Tokyo's stock market was closed today for national holidays. Singapore's STI at 2,293.04 (+0.10%) was the only gainer in the region; Taiwan's TWSE at 5,925.54 (-0.78%); Thailand's SET at 724.31 (-0.18%); Philippines' PCOMP at 1,959.51 (-0.29%); Indonesia's JCI at 1,012.851 (-0.38%).
Another dull trading day
At 5 pm, the Kuala Lumpur Composite Index (KLCI) fell 1.16 points to 921.89. Volume expanded to 408.45 mln shares valued at RM675.91 mln. Losers outpaced gainers 366 to 313, while 319 counters were unchanged and 417 untraded. The Emas Index dropped 0.19 points to 209.90, while the Second Board lost 0.33 points to 87.26. Share prices ended lower amid concerns over rising inflation with most investors reluctant to take any heavy positions ahead of the weekend in the absence of fresh leads. Among blue chips, Tenaga lost 10 sen to RM10.70, while both Malayan Banking and Telekom were unchanged at RM11.60 and RM10.30 respectively. GHLSYS-OR was the most active counter at 3 sen added 0.5 sen with 16.82 mln shares done.
Crescendo Corp has reported an interim group pre-tax profit of RM10.508 mln, an increase of 3.1% year-on-year. It attributed the marginal increase in pre-tax profit to a change in the sales mix. The proportion of sales for concrete products operation has increased significantly as compared to a drop in industrial property sales that have a higher profit margin than concrete products, it said in a filing to Bursa Malaysia on Thursday. Crescendo was not traded at 95 sen.
NasionCom Holdings will emerge as a formidable outfit in the takeover of a small but profitable information technology company, LeadingSide. NasionCom will pay between RM15 mln and RM20 mln in cash for a 100% stake in LeadingSide and the acquisition is expected to boost the company's profit this year. The deal will be announced as early as next week. Under the deal, LeadingSide would guarantee NasionCom of a pre-tax profit of about RM2.5 mln to RM3 mln in the 1st year and up to RM5 mln in the 2nd year. NasionCom at 19 sen added 1 sen.
Eden Enterprises will invest over USD2 bln in Pakistan's energy, housing, construction and tourism sectors. Tan Sri Dato Chairman and CEO of the group said the group takes Pakistan as a promising market for investment and it was joining hands with DHA Cogen, a local group, for investing in the power sector. Tan Sri said that his group has already got approval from Private Power Infrastructure Board for 2 power projects, a 200 MW Green power project in Badin, costing USD150 mln and Suki Kinari, 655 MW hydropower project in Mansehra. The project's cost may range between USD800 mln to USD1 bln. Eden at 45 sen improved 1 sen.
Bursa Malaysia has finally decided to step into the ring to help clear the confusion surrounding QSR Brands that is locked in a takeover battle. The regulator has asked the 2 parties to give more information on conflicting statements that were posted on Bursa Malaysia's website. Separately, Abdul Wahid Ahmad Shuhaime, who is believed to be a politician, has emerged as a substantial shareholder of QSR Brands after the acquisition of a 10.24% stake amid an ongoing tussle for control of the company. QSR at RM3.08 was unchanged.
Among highlights for today, Genting at RM20.80 (+30 sen); AirAsia at RM1.57 (+1 sen); KLCC Property Holdings at RM2.13 (unchanged); Sime Engineering Services at RM1.12 (+2 sen); Sime Darby at RM6.15 (unchanged); MCSB Systems at 34.5 sen (+3 sen); Tien Wah Press Holdings at RM2.29 (+20 sen); Pantai Holdings at RM1.88 (-1 sen); Hong Leong Bank at RM5.35 (unchanged); PDZ Holdings at RM1.59 (-1 sen); PLUS Expressways at RM3.22 (-6 sen); JT International at RM4.04 (unchanged); Ingress Corp at RM1.20 (-1 sen); Kuala Lumpur City Corp at 72.5 sen (-1 sen).
Hong Kong stocks fell a quarter of a percent in subdued trade on Friday with investors cautious after larger-than-expected local interest rate rises and ahead of a closely watched land auction next week. Worries about the potential impact of Hurricane Rita in the United States also affected sentiment. The blue chip Hang Seng Index fell 0.24% to 15,143.97. The index rose 1.07% over the course of a holiday shortened trading week. South Korea's KOSPI at 1,175.88 shed 2.01% had its biggest decline since August 29 as some investors bet recent gains more than reflected earnings prospects. The KOSPI jumped 11% this month through yesterday and is set for the biggest monthly gain since October 2003. For the year, the benchmark has jumped 33% in US Dollar terms. The Tokyo's stock market was closed today for national holidays. Singapore's STI at 2,293.04 (+0.10%) was the only gainer in the region; Taiwan's TWSE at 5,925.54 (-0.78%); Thailand's SET at 724.31 (-0.18%); Philippines' PCOMP at 1,959.51 (-0.29%); Indonesia's JCI at 1,012.851 (-0.38%).
posted by emacro @ 3:40 AM
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