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Trading ideas: IJM, Gabungan AQRS, Hock Seng Lee, Sime Darby

KUALA lUMPUR: IJM Corp Bhd , Gabungan AQRS Bhd , Hock Seng Lee and Sime Darby are among the stocks to watch on Wednesday, according to JF Apex Research. (7-0)

Bursa ends lower on continuous sell-off

2017-11-16 themalaymailonline
KUALA LUMPUR, Nov 16 — Bursa Malaysia closed in the negative territory today on a continuous sell-off on most counters, as market sentiment was cautious ahead of the release of the third quarter gross domestic product (GDP) results tomorrow. (12-0)

MSCI adds Nestle, Press Metal, SP Setia to Malaysia Index

KUALA LUMPUR: Nestle (Malaysia), Press Metal Aluminium and SP Setia have been included into MSCI Malaysia Index with effect from Nov 30, giving a boost to the companies as they will be under the radar of global fund managers. Under its November 2017 semi‐annual index review for the MSCI Equity Indexes, it said on Tuesday that under its MSCI Small Cap Index it had included Eco World International, George Kent, Hengyuan and Petron Malaysia . (2-1)

Grim tales of owner-driven companies

Far-sighted: Koon saw an opportunity in the Bakun Hydroelectric Dam project when others shied away from it. (9-0)

Sime trifecta on KLCI

Press Metal too has a good chance to be included in the component stocks of the FBM KLCI in the next semi-annual review that will be published on Nov 30. (34-1)

Sunway REIT 'hold', Sasbadi 'add', Perstima 'fully valued', Press Metal 'buy'

SUNWAY REIT’s financial result in the first quarter (Q1) of financial year 2018 (FY18) has exceeded expectations, according to Hong Leong Investment Bank (HLIB) Research. (1-0)

Top foreign and local stories at 4pm

Energy Brent crude was 0.28% lower to US$60.73 per barrel at 3.53pm. Forex Ringgit up 0.18% to 4.2300 versus the US dollar at 4.04pm. Top foreign stories  SoftBank, Deutsche Telekom hit wall in Sprint, T-Mobile talks: SoftBank Group Corp and Deutsche Telekom AG have reached an impasse in their talks to merge Sprint Corp and T-Mobile US Inc, sources said, sending shares in the Japanese Internet giant sliding. (70-0)

Press Metal likely included in FBM KLCI by end-2017, says UOB Kay Hian Research

Press Metal’s potential inclusion in the index coupled with its low institutional shareholdings of about 15% will be its share price catalysts. (1-0)

Breakfast briefing: Tuesday, October 31

MarketWatch: Wall Street pulled back from record-high territory on Monday, weighed down by a drop in Merck shares and a report that US lawmakers are discussing a gradual phase-in of much-anticipated corporate tax cuts. The DJIA fell 85.45 points, or 0.36%, to 23,348.74, the S&P 500 lost 8.24 points, or 0.32%, to 2,572.83 and the Nasdaq dropped 2.30 points, or 0.03%, to 6,698.96. - Reuters (79-0)

Press Metal plans to issue up to RM1.7bil notes


Trading ideas: Dialog, Sunway, Pharmaniaga, Paramount

KUALA LUMPUR: JF Apex Research expects Dialog, Sunway, Pharmaniaga and Paramount to be among the stocks to watch on Thursday following their corporate news.

Press Metal's core business profit soars on higher output, price

Press Metal's plant in Samalaju. The company's profit increases by more than a third partly due to the higher production at its phase 2 Samalaju operation.