The Star Online: Business
The Star Online: Business |
- Bina Puri shares up on RM441m job
- KLCI edged up marginally higher, Bina Puri in focus
- Barclays too shut Wealth Management Services in 130 countries
| Bina Puri shares up on RM441m job Posted: KUALA LUMPUR: Shares of Bina Puri rose during midmorning on Wednesday after it bagged a two-year contract worth RM441mil from Sime Darby CapitaMalls Asia (Melawati Mall) Sdn Bhd. At 10.09am, it rose 7.5 sen to 85 sen with 3.29 million shares traded between 81.5 sen and 87.5 sen. The FBM KLCI fell 3.89 points to 1,780.17. Turnover was 571.43 million valued at RM303.23mil. There were 167 gainers, 226 decliners and 249 counters unchanged. On Wednesday, the group told the stock exchange that it would undertake the construction of super-structure works for a 13-storey commercial complex in Setapak, Selangor. "With the latest award, the group has thus far secured RM775.27mil projects in 2013 and we are confident of adding to our existing book-order before the year-end," it said. |
| KLCI edged up marginally higher, Bina Puri in focus Posted: KUALA LUMPUR: The FBM KLCI edged up slightly higher on Thursday morning after three straight days of losses, on mild buying of select blue chips. At 9.02am, the KLCI rose 0.33 of a point to 1,784.39. Turnover was 53 million valued at RM26.69mil. There were 75 gainers, 66 losers and 114 counters unchanged. HwangDBS Vickers Research said despite facing persisting selling pressures, it expects the Malaysian bourse to show resilience ahead. "On the chart, the key FBM KLCI – following a 17.8-point or 1.0% loss over the last three days – could move slightly above the immediate support line of 1,785 today." "This comes as Wall Street slipped further last night. On the back of concerns that the ongoing government budget talks might affect the US economic recovery, major US equity bellwethers were down between 0.2% and 0.4% at the closing bell," it said. The research house added stocks in interest today would include Bina Puri Holdings, which had been awarded a construction job in Selangor worth RM441mil from Sime Darby; E&O, as the company has signed a Memorandum of Agreement with Sime Darby in relation to E&O's proposed acquisition of a parcel of freehold land measuring 135 acres in Sungai Buloh, Selangor for future commercial real estate and lifestyle residential development; and SerSol, after the emergence of Nazifuddin as a major shareholder with a deemed interest of 20.8% stake. Reuters reported Asian share markets were left in limbo on Thursday as a paucity of major economic news left investors with little choice but to sweat out the latest battle over the US budget. "With caution the watchword, MSCI's broadest index of Asia-Pacific shares outside Japan was barely changed, as was Seoul's KOSPI, Japan's Nikkei eased 0.5% and Australian shares were down 0.4%. At Bursa Malaysia, PetGas rose 30 sen to RM22.28, KPJ seven sen to RM6.27 and Bina Puri seven sen to 84.5 sen. Destini fell 7.5 sen to 35 sen, AirAsia three sen to RM2.58 and Bursa three sen to RM7.46 |
| Barclays too shut Wealth Management Services in 130 countries Posted: LONDON: Barclays Plc will stop offering wealth management services in about 130 countries by 2016 and cut jobs in the unit as part of an effort to rein in costs and boost profit, the Financial Times reported on Wednesday, citing the British bank. Barclays announced plans in April to restructure its wealth business so it works more closely with retail and corporate banking divisions. Further details on the wealth strategy had been expected. The bank appointed Peter Horrell as the wealth and investment management unit's chief executive on Monday. Horrell has held the position on an interim basis since May. - Reuters |
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