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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: 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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KLSE News: 29 May 2015 -UMW Holdings is looking to diversify its revenue streams in FY15 to reduce its dependency on the automotive segment…

UMW Holdings is looking to diversify its revenue streams in FY15 to reduce its dependency on the automotive segment. Chairman Tan Sri Asmat Kamaludin said for FY14, the automotive segment contributed about 80% towards total group revenue, driven by high sales of Perodua cars. “We are currently in talks with several partners on the diversification […]

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KLSE News: 28 May 2015 – Genting Bhd’s joint venture Genting Simon Sdn Bhd has started work on the RM200m Genting Premium Outlets…

Genting Bhd’s joint venture Genting Simon Sdn Bhd has started work on the RM200m Genting Premium Outlets – which will be Southeast Asia’s first hilltop Premium Outlet Centre. Genting Simon said the development would cover 600,000 square feet is targeted for completion in the last quarter of 2016. Built on Genting Highlands Resort, Genting Premium […]

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