Snippet of Closing Bell with Martin for Friday 30 Mar, 2012
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Here is a snippet from Fri’s Closing Bell.
Archive for March, 2012
9:19 am – Today it is end of Q1 2012 and it is minor window dressing…
Tomorrow morning, Bill and myself will speaking in JB on Global Market Outlook and KLSE Market Outlook Q2 and we hope to see you all of you living in JB and Melaka. For those who cannot attend, we wud record the presentation and have it available to all.
1. Good news, the foreign funds were supporting the market yesterday and the yesterday’s bar ended with a tail.
2. This morning, the market gap up and wud likely to drift lower toward end of the day.
3. As this is a window dressing day, the market wud be well supported.
4. For the premium subscriber, I wud attend a copy of my global market out presentation with this evening Friday closing. Take note. Watch out for the email sent to you.
KLSE News: 30 Mar 2012 –
Malayan Banking Bhd (Maybank), clarified that its exposure to the US$600m (RM1.84b) unsecured funding
facilities to Vietnam Shipbuilding Industry Group (Vinashin) is minimal compare to group total asset as at
December 31, 2011, stood at RM451.3b. Vinashin defaulted debt facility resurfaced after nine former executive of
the state-owned shipbuilder were charged with mismanagement of asset on Tuesday. Credit Suisse Group AG
was the lead arranger of the facility, while Maybank linked as arranger, participant and part of steering committee
in 2010 on Vinashin debt problems. (StarBiz)
(more…)
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