By Kuala Lumpur Newsroom
KUALA LUMPUR (Oct 12) -- Here's a roundup of latest news from Malaysia so far on Thursday:
*ASIA MARKETS: Taiwanese Companies Fuel Gains In Nikkei Asia300 Index
Asian stocks outside of Japan rose Thursday, helped by a rally in Taiwanese companies and overnight gains on Wall Street.
*Malaysia's BHS Industries Gets 5-Year Contract To Print Past-Year Question Papers
BHS Industries, a Malaysian publishing company, said Thursday it has won a five-year contract to print past year question papers from the Ministry of Education for an undisclosed amount.
*ASIA MARKETS: Singapore Stocks Rise To Highest In 2 Months, Malaysian Equities Fall
Singapore stocks rose to the highest in two months on Thursday, as banks gained ahead of the monetary policy decision and Singapore Press Holdings advanced after earnings. Malaysia shares fell for a third day. Singapore's FTSE Straits Times index advanced 0.7% to 3,303.09, the highest since August 14.
*Malaysia's Chin Hin To Buy Manufacturing Assets Of FRUHPC Concept For MYR3.0 Mln
Chin Hin Group, a Malaysian building materials producer, said Thursday it has signed a deal to buy manufacturing assets of FRUHPC Concept for 3.0 million ringgit ($710,563) in cash.
*Malaysia's Nexgram Holdings Names Lim Siang Chai As Executive Director
Nexgram Holdings, a Malaysian property developer, said Thursday it has appointed Lim Siang Chai as executive director, effective immediately.
*Singapore's Ley Choon Gets S$3.9 Million Contract From Public Utilities Board
Ley Choon Group Holdings, Singapore-based construction and engineering company, said Thursday its subsidiary has received a contract from Public Utilities Board worth S$3.9 million ($2.88 million).
*UPDATE: Singapore August Retail Sales Rise Most In More Than A Year
Singapore retail sales rose the most in more than a year in August, in a further sign that consumer sentiment is on the mend following two years of declining receipts.
*Singapore's Sapphire Corp Wins 2 Contracts Worth S$176 Mln
Sapphire Corporation, a Singapore-based a railway infrastructure and mining specialist services provider, said Thursday its unit has bagged two new contracts worth RMB 856 million (S$176 million) for municipal metro and rail transit lines in China.
*China Overseas Land & Investment Acquired 16 Land Parcels In September
China Overseas Land & Investment said Thursday it acquired 16 land parcels in September and land premium payable by the group amounted to approximately 18.5 billion yuan ($2.81 billion).
*UPDATE: Malaysia August Factory Output Grows Fastest In 2 Years, Beats View
Malaysia's industrial production growth rate accelerated in August to a two-year high driven by manufacturing activities and mining output, official data released Thursday show.
*Singapore's TEE International Inks JV Deal With Malaysian Solar Resources
TEE International, Singapore-based integrated engineering, real estate and infrastructure group, said Thursday it has entered into a partnership with Malaysian Solar Resources for strategic collaboration in the solar industry.
*Japan's Asahi Group Holdings Mulls Stake Sale In Tsingtao Brewery Company
Japanese brewer Asahi Group Holdings said Thursday it has commenced an evaluation of a potential transfer of all or part of its stake in Tsingtao Brewery Company.
*Malaysia's Sunway Construction Gets Two Jobs Totalling MYR139.80 Mln
Malaysia's Sunway Construction Group, the construction arm of Sunway, said Thursday it has won two contracts for a total value of 139.80 million ringgit ($33.14 million).
*Shandong Xinhua Pharmaceutical Expects Jan-Sep Net Profit To Rise 70%-120% On Year
Shandong Xinhua Pharmaceutical Company, a chemical synthetic pharmaceutical maker, said Thursday it expects nine-month net profit to increase approximately 70%-120% on year as it expanded sales volume and strived to reduce product costs.
*MARKET BUZZ: Insurers Help Hong Kong's HSI Edge Higher; Shanghai Little Changed
Hang Seng closes up 0.2% at 28,459.03, led by insurers. AIA Group advances 0.8%.
*MARKET BUZZ: Malaysia's ACE Index Jumps To Near 2-Year High; Caution Advised
FTSE Bursa Malaysia ACE index +2.3% at 6955.67, highest since November 2015; outperforms KLCI that is down 0.3% at 1752.00.
*MARKET BUZZ: Malaysia's Glove Makers Jump On Strong Earnings Hopes
Malaysia's largest glove makers Top Glove Corporation and Hartalega Holdings jump 6.7% and 5.5% on hopes of better-than-expected earnings. Top Glove, which announces 4Q numbers tomorrow, at MYR6.03, its highest in a year, while Hartalega at MYR7.32, highest since July 4.
*BAZAAR BUZZ: Brilliance China Halts Losing Streak; Goldman Sachs Ups Rating
Brilliance China rises 1.2% to HK$21.50 after three-day losing streak. Stock climbed as much as 8.2% earlier in the day after Goldman Sachs lifted automaker's rating to buy from neutral with 12-month price target of HK$28.80.
*Malaysia's Johan Holdings: CEO Ups Takeover Price To MYR0.26 Vs MYR0.25 Per Share
Malaysia's Johan Holdings, a ceramics maker and property developer, said Thursday its Chief Executive Tan Kay Hock has raised the price for buying the remaining shares he does not own to 0.26 ringgit from 0.25 ringgit apiece.
*Malaysia Raises Palm Oil Export Tax To 6.5% For November From 6.0% In October
Malaysia, the world's second-largest palm oil producer after Indonesia, raised its export duty on palm oil for November, according to a government statement.
*ASIA MARKETS: Wharf, Cathay Pacific Rise As Hong Kong Shares Eke Out Gains
Hong Kong stocks changed directions a few times on Thursday morning, as caution ahead of the Party Congress in China next week overshadowed an overnight bounce on Wall Street.
*Malaysia's GDB Holdings Files IPO Draft Prospectus With Securities Commission
Malaysia's construction company GDB Holdings has filed a draft prospectus for its initial public offering as it seeks to list its shares on the ACE Market of Bursa Malaysia.
*MARKET BUZZ: TA Starts Malaysia's Perak Transit With Buy Call, MYR0.44 TP
TA Securities initiates coverage on Perak Transit with Buy call and target price of MYR0.44.
*MARKET BUZZ: Dali Foods At Record Highs; Daiwa Initiates At Buy
Dali Foods Group advances 1.3% to HK$6.15. Daiwa Capital Market says company's business model stands out with focus on developing fast growing snacks and beverage segment in China.
*MARKET BUZZ: George Kent At Record High; RHB Flags Progress On Rail Tender
George Kent (Malaysia) rises as much as 1.9% to record high, adding to yesterday's 2.9% gain. RHB Investment Bank says company's bid for East Coast Rail Link work progressing well; adds, it may likely tweak earnings forecast, should company clinch project in near term.
*MARKET BUZZ: Malaysia's Tenaga At 4-Month Low Before 4Q; Analyst Remains Positive
Tenaga Nasional down as much as 1.3% at MYR14.02, lowest since June, ahead of 4Q earnings that is scheduled end of this month.
*MARKET BUZZ: Sunny Optical Slips 4.3% As September Shipments Miss Expectations
Sunny Optical Technology Group drops 4.3% to HK$122.00 after September shipments come in below expectations.
*Malalaysia's Petronas Dagangan: To Install 100 Vehicle Charging Stations By 2018
Petronas Dagangan, the retailing arm of Malaysia's national oil and gas firm, said Thursday it plans to install 100 electric vehicle charging stations by 2018 in a tie-up with Tenaga Nasional and a state green technology firm.
*MARKET BUZZ: Hong Kong's HSI Little Changed After Fed Minutes
Hang Seng flat at 28,379.84 as advance in Wharf Holdings offset by losses in consumer staples.
*Wheelock Unit To Sell Office Tower To HK-Listed LVGEM For HK$9 Billion
Diversified conglomerate Wheelock said its unit will sell an office building in Hong Kong to Chinese property developer LVGEM (China) Real Estate Investment for HK$9 billion ($1.15 billion).
*Hong Kong's CSPC Pharmaceutical Requests Trading Halt Pending Placement Announcement
Hong Kong's CSPC Pharmaceutical Group requested a trading halt Thursday pending an announcement about placing of new shares under general mandate, according to an exchange filing.
*MARKET BUZZ: Malaysia's Telcos Rebound, New Spectrum Cost Lower Than Expected-Brokerages
Shares of Malaysian telecom operators reverse yesterday's losses after brokerages say offer price for new spectrum block is lower than expected.
*MARKET BUZZ: Malaysia's Dialog Down 1.8%; Maybank Cuts View To Hold
Dialog Group down 1.8% at MYR2.16 after Maybank Investment Bank cuts view to Hold from Buy; raises target price to MYR2.33 from MYR2.26 following company's 45% stake purchasse in Centralised Terminals.
*MARKET BUZZ: Malaysia KLCI Pares Gains In Early Trade; Hong Leong Tips Cap At 1775
Malaysia's benchmark KLCI pares early gains, now barely changed from yesterday's closing at 1757.93.
*MARKET BUZZ: Hong Leong Tips Trading Buy On Malaysia's Hiap Teck Venture
Hong Leong Investment Bank tips Trading Buy on Hiap Teck Venture with long term target of MYR0.475 on expected earnings turnaround in FY18
*Hong Kong-Listed Great Wall Motor Requests Trading Halt Pending Announcement
Hong Kong-listed Great Wall Motor Company requested Thursday a halt in the trading of its shares pending an "announcement in relation to the clarification of press articles," according to an exchange filing that didn't elaborate.
*Ayondo Drops Plans For Singapore Listing Via Reverse Takeover, Aims For IPO In 2018
European online broker ayondo has dropped plans to list on the Singapore Exchange through a reverse takeover and will instead aim for an initial public offering in the city-state sometime next year.
*MARKET BUZZ: Malaysia KLCI Likely Flat On Lack Of Triggers; 1751-1771 Band Tipped
KLCI likely to open little changed on lack of new triggers; index closed down 0.2% at 1757.21 yesterday.
- By Kuala Lumpur Newsroom; email@example.com; +60320267363
- Edited By Shiladitya Ghosh
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