The Star Online: Business

MPHB falls 8% after offer for sale of MPHB Capital goes ex
Malaysia's blue chips fall in early trade
Trading ideas: Tebrau Teguh, Scomi, MISC

MPHB falls 8% after offer for sale of MPHB Capital goes ex

Posted: 26 May 2013 06:42 PM PDT

Published: Monday May 27, 2013 MYT 9:42:00 AM

KUALA LUMPUR: Shares of Multi-Purpose Holdings Bhd (MPHB) fell 8.2% in early trade on Monday after its renounceable offer for sale of shares in MPHB Capital Bhd went ex.

At 9.28am, MPHB was down 32 sen to RM3.57. There were 1,25 million shares done.

The FBM KLCI fell 6.48 points to 1,766.58. Turnover was 216.14 million shares valued at RM174mil. There were 190 gainers, 173 losers and 165 counters unchanged.

The corporate exercise included MPHB's offer for sale of 715 million MPHB shares to MPHB shareholders on a one offer share for every two shares held as at 5pm on Wednesday. The offer price was RM1 per offer share.

Malaysia's blue chips fall in early trade

Posted: 26 May 2013 06:31 PM PDT

KUALA LUMPUR: Malaysia's FBM KLCI started the new week on Monday a cautious note, extending its decline from last week, following the sharp fall in the Japanese markets.

At 9.13am, the KLCI was down 9.13 points to 5.25 points to 1,767.81. Turnover was 129.67 million shares valued at RM92.68mil. There were 179 gainers, 112 losers and 124 counters unchanged.

Japan's Nikkei 225 fell as much as 3.8% to 14,057.81, extending its 3.5% slide from last week, while Singapore's Straits Times Index was down 0.23% to 3,385.21 in early trade also.

Reuters reported the sharp fall in the Nikkei 225 left many investors shaken but analysts believed the Japanese market's fundamentals in the mid-to-long term have not changed, and there was still upside in the longer term.

At Bursa Malaysia, DKSH fell 34 sen to RM5.10, MPHB 28 sen to RM3.61, Aeon Credit 18 sen to RM16.02 and AirAsia 10 sen to RM3.11.

Among plantations, KL Kepong fell 28 sen to RM21.22 and PPB Group 20 sen to RM13.58.

Trading ideas: Tebrau Teguh, Scomi, MISC

Posted: 26 May 2013 05:48 PM PDT

Published: Monday May 27, 2013 MYT 8:48:00 AM

KUALA LUMPUR: Hwang DBS Vickers Research (HDBSVR) expects Tebrau Teguh, Scomi Group and MISC to be among the companies which could see trading interest on Monday.

It said Tebrau Teguh was reportedly in talks to sell several prime parcels of land in Johor.

As for Scomi Group, it was reported its co-founder Kamaluddin Abdullah is looking to dispose of his equity stake in the company.

HDBSVR also said MISC could attract attention following its turnaround with a quarterly net profit of RM300mil.

Meanwhile, JF Apex Research said Perdana Petroleum could be in focus after the group secured a RM700mil job to lease six offshore vessels to its major shareholder Dayang Enterprise.

O&G specialist SapuraKencana Petroleum was reported to close to securing a RM1.5bil hook up, construction and commissioning job in the O&G Pan Malaysia project.

Kredit: www.thestar.com.my

Ahad, 26 Mei 2013