The Star Online: Business
The Star Online: Business |
- KEuro slips, IJM advances on West Coast Expressway project
- China December official services PMI rises to 56.1 from 55.6 in November
- Naza’s deal with Citroen has come into effect
| KEuro slips, IJM advances on West Coast Expressway project Posted: 02 Jan 2013 06:05 PM PST Published: Thursday January 3, 2013 MYT 10:05:00 AMKUALA LUMPUR: Shares of Kumpulan Europlus slipped but IJM Corp climbed on news the joint-venture company West Coast Expressway Sdn Bhd (WCE) had sealed the multi-billion-ringgit concession agreement (CA) with the Federal Government. At 9.50am, KEuro was down five sen to RM1.11. There were 1.24 million shares done valued at between RM1.11 and RM1.16. However, IJM Corp rose six sen to RM5.11. There were 602,100 shares done at prices ranging from RM5.08 to RM5.15. On Wednesday, KEuro announced that WCE, in which it holds an 80% stake, had sealed the CA. IJM Corp owns the other 20% stake. The highway is estimated to cost RM7.07bil. The West Coast Expressway project involves the development of a highway from Banting, Selangor to Taiping, Perak with 233km of toll highway including 40km of highway to be constructed later. CIMB Equities Research maintains a Trading Buy on IJM Corp at RM5.60. |
| China December official services PMI rises to 56.1 from 55.6 in November Posted: 02 Jan 2013 05:52 PM PST Published: Thursday January 3, 2013 MYT 9:52:00 AMBEIJING: China's official purchasing managers' index (PMI) for the non-manufacturing sector rose to a four-month high of 56.1 in December from 55.6 in November, the National Bureau of Statistics (NBS) said on Thursday, adding to signs of a revival in the world's second-largest economy. A reading above 50 indicates growth is accelerating, while one below 50 indicates it is slowing. The services sector index follows the bureau's manufacturing PMI, which indicated China's growth was reviving in December, although signs persist that such growth still depends primarily on state-led investment. The official PMI survey matched November's seven-month high of 50.6, the NBS said on Tuesday. China's fast-growing services industry has so far weathered the global slowdown much better than the factory sector, with the PMI consistently signaling healthy expansion and hitting a 10-month high of 58.0 in March. - Reuters |
| Naza’s deal with Citroen has come into effect Posted: 02 Jan 2013 05:48 PM PST PETALING JAYA: More French cars are expected to hit Malaysian roads, with Naza Group subsidiary Naza Euro Motors (NEM) as official distributor. In a statement, Naza said the appointment by French automobile manufacturer Automobiles Citron came into effect on Jan 1, 2013. "This appointment is another milestone for the Naza Group. "Citron has a rich heritage of innovation and technology and we are proud to represent a brand with such history and prestige," said Naza Group joint group executive chairman SM Nasarudin SM Nasimuddin. He said there was sufficient demand for the brand's products in Malaysia and with the right strategy, the group was confident of realising its full potential in this market. He said the group will launch a 3S (sales, service and spare parts) outlet in the Klang Valley by the end of February and has plans to launch new Citron 3S centres in both the northern and southern regions in the coming months. "We have also launched a dedicated call-centre for existing and new Citron customers," he added. NEM will be introducing several new Citron models to the market with an official website slated to be launched next month. |
| You are subscribed to email updates from The Star Online: Business To stop receiving these emails, you may unsubscribe now. | Email delivery powered by Google |
| Google Inc., 20 West Kinzie, Chicago IL USA 60610 | |
0 ulasan:
Catat Ulasan