The Star Online: Business
The Star Online: Business |
- VisDynamics extends plunge, MNC firmer
- China’s XingHe opens at 25 sen on Bursa Malaysia
- Samsung Elec Q1 operating profit dips 3%, in line with guidance
| VisDynamics extends plunge, MNC firmer Posted: 28 Apr 2014 06:30 PM PDT KUALA LUMPUR: VisDyanmics Holdings Bhd extended its plunge early Tuesday, falling to a low of 17 sen in heavy trade despite there was no apparent reason for the share price plunge. At 9.15am, it was down 22 sen to 25 sen. Turnover was 14.21 million shares at prices ranging from 17 sen to 25 sen. The company was queried by Bursa Securities over the unusual market activity (UMA) after the stock lost more than a third of its value to close 30 sen down at 47 sen on Monday. Three other counters which fell sharply on Monday were Industronics Bhd, Solutions Engineering Holdings Bhd and MNC Wireless Bhd. Solution Engineering is 10.8% owned by Industronics. Industronics continued to slide, down eight sen to 30.5 sen. There were 5.95 million shares done at prices ranging from 28 sen to 36 sen. MNC Wireless edged up 1.5 sen to 16.5 sen. Turnover was 4.55 million shares at prices ranging from 15 sen to 18 sen. The FBM KLCI fell 0.12 point to 1,855.62. Turnover was 224.40 million shares valued at RM72.67mil. There were 155 gainers, 139 losers and 215 counters unchanged. StarBiz reported that as at press time on Monday, Visdynamics told the exchange that it was unaware of any development that could be the cause for its share price to hit limit-down. |
| China’s XingHe opens at 25 sen on Bursa Malaysia Posted: 28 Apr 2014 06:09 PM PDT KUALA LUMPUR: XingHe Holdings Bhd opened at 25 sen when it made its debut on the ACE Market of Bursa Malaysia Securities on Tuesday. The China-based company took over the listing status of Key West Global Telecommunications Bhd. At 9am, there were 2.31 million shares at 25 sen. This was 14 sen above Key West's last traded price before it was declared an Practice Note 17 company. The FBM KLCI fell 3.47 points to 1,852.27. Turnover was 78.88 million shares valued at RM15.92mil. There were 77 gainers, 58 losers and 162 counters unchanged. XingHe produces edible vegetable oil and peanut protein cake in China. Its unit, Henan XingHe is among the top six edible oil companies in China. It took over the listing status of Key West under a reverse takeover exercise. |
| Samsung Elec Q1 operating profit dips 3%, in line with guidance Posted: 28 Apr 2014 05:56 PM PDT SEOUL: South Korea's Samsung Electronics Co Ltd on Tuesday reported a 3.3 percent fall in first quarter operating profit, broadly in line with earlier guidance, as returns weakened in its mainstay smartphone business. The world's biggest manufacturer of smartphones booked a January-March operating profit of 8.5 trillion Korean won ($8.2 billion), compared with guidance of 8.4 trillion won. Operating profit in its mobile division fell to 6.43 trillion from 6.51 trillion won in the year prior and 5.47 trillion won in the previous quarter. Shares of Samsung Electronics, worth $220 billion, closed down 0.8 percent on Monday, compared with a 0.1 percent drop in the benchmark Korea Composite Stock Price Index.($1 = 1035.1500 Korean Won)- Reuters |
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