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KLSE Market Comment – Begin’g 2 June 2015

Dragon-stockmkt

Dear Subscriber, On 27 May, the Chinese regulators tightened margin requirements for buying shares and the Shanghai composite immediately dropped over 6 %. The shakeout spread to Hong Kong and Singapore wiping out billions in market capitalization. The fruit sellers and uneducated mom and pop investors were hit but professionals bought the break. Those uninformed […]

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KLSE News: 3 June 2015 – Refined sugar producer MSM Malaysia Holdings Bhd is eyeing total market control of the midstream sugar market in Singapore…

Refined sugar producer MSM Malaysia Holdings Bhd is eyeing total market control of the midstream sugar market in Singapore come 2018 through unrivalled competitive pricing afforded by its relatively cost-efficient manufacturing. MSM group CEO Datuk Dr Sheikh Awab Sheikh Abod said the company is set to capitalise on the additional cost burdens anticipated for Singapore’s […]

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KLSE News: 2 June 2015 – BIMB Holdings Bhd is expecting a 15% growth in assets for its wholly owned banking arm Bank Islam Malaysia Bhd for 2015…

BIMB Holdings Bhd is expecting a 15% growth in assets for its wholly owned banking arm Bank Islam Malaysia Bhd for 2015, despite saying that it will be a very challenging year for the banking industry. The group’s chief strategy officer of the managing director’s office Hizamuddin Jamalluddin told reporters that the expected asset growth […]

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KLSE News: 1 June 2015 – SapuraKencana is said to be close to bagging a US$280m contract from India’s Oil and Natural Gas Corp (ONGC) for Phase 3 of the redevelopment of the Mumbai High South oilfield…

SapuraKencana is said to be close to bagging a US$280m contract from India’s Oil and Natural Gas Corp (ONGC) for Phase 3 of the redevelopment of the Mumbai High South oilfield. The engineering, procurement, construction, installation and commissioning (EPCIC) which entails the fabrication of structures such three wellhead platforms is understood to have been up […]

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