Malay Press Pakatan won popular vote only in 4 states KL

The Edge Daily - Monday 20th May, 2013

Reset PETALING JAYA (May 19): Pakatan Rakyat's popular vote win in GE13 is limited to four states and Kuala Lumpur, according to an analysis by Sinar Harian.The daily said that even though Pakatan obtained 52% of the national popular vote against 47% by BN, it did not secure the popular vote in states other than Selangor, Penang, Perak, Kelantan and the federal territory of Kuala Lumpur. In ...

KLCI up nearly 8pt midday OG lead gainers

The Star - Monday 20th May, 2013

KUALA LUMPUR: Blue chips continued to advance on Monday, sending the 30-stock FBM KLCI up nearly eight points at midday, with fund buying of banks, Petronas-related stocks and SapuraKencana Petroleum. At 12.30pm, the FBM KLCI was up 7.66 points or % to 1,776.82. Turnover was 1.56 billion shares valued at RM1.20bil. There were 679 gainers, 158 losers and 240 stocks unchanged. The strong investor ...

RHB Research maintains Neutral on auto sector

The Star - Monday 20th May, 2013

as its top picks. The research house said on Monday the industry performed better than expected with Malaysian Automotive Association's (MAA) data revealing total industry volume (TIV) for April reached 52,489 units. Though it contracted 8.9% on-month contraction, it was up 9.9% on-year. "Cumulative sales for the four months to April reached 210,153 units that was 12.8% higher on-year. ...

Perak cops arrests seven in connection to spate of robberies

The Star - Monday 20th May, 2013

IPOH: Police have arrested seven people, including a female Chinese national, believed to be involved in a spate robbery cases in Perak. State police chief Deputy ...

Prosecution given until June 6 to decide on rape-marry case

The Star - Monday 20th May, 2013

KOTA KINABALU: A court here on Monday has ordered the prosecution to decide on whether they want to proceed with charges against a 40-year-old restaurant manager who married under Syariah law the 13-year-old girl he is accused of raping. Sessions Court Judge Ummu Khatom Abd Samad gave till June 6 for the A-G's Chambers to decide if they wanted to proceed on the case against Riduan Masmud ...

Political Jockeying Ahead of Malaysia Election

World Press Review - Monday 20th May, 2013

The police said 45,000 people. Some politicians claimed it was 60,000. Other independent estimates were as high 150,000 individuals. Such squabbling over crowd numbers at political events isn't unique to Malaysia, but nonetheless likely sets the adversarial tone for the coming weeks or months until the next parliamentary election, due to be called by the end of April. "We want a free ...

Malindo Air to take off from Subang on June 3

The Star - Monday 20th May, 2013

KUALA LUMPUR: Malindo Air will take off from Subang Skypark offering flights from Subang to Penang, Johor Baru, Kota Baru from June 3 using turboprop aircraft. Malindo said on Monday the one way fares are RM69 and will be from June 3 to March 2014. Malindo is buying six ATR72-600 from now to December and the first aircraft arrived on Monday. As for its jets operations, they will continue from ...

Indonesian woman falls to her death in Penang

The Star - Monday 20th May, 2013

GEORGE TOWN: An Indonesian woman, who brought her ailing mother to seek medical treatment here, fell to her death from the 37th floor of an condominium in Persiaran Gurney here. The body of Lyny, 39, was discovered sprawled beside the swimming pool at the ground floor of the condominium. The security guard alerted the police at around 9.50pm on Sunday. When met at the mortuary of the Penang ...

Affin Research lowers Petra Energy to Reduce

The Star - Sunday 19th May, 2013

to Reduce as its share price share had performed well after the 13th General Election and recommended investors to take profit. "We recommend investors to take profit for now as we believe the market has largely priced-in the prospect of Petra Energy securing sizeable Pan Malaysia hook-up and commissioning (HUC) works," it said on Monday. Affin Research also raised the revalued net ...

Pintaras surges to all-time high on higher earnings

The Star - Sunday 19th May, 2013

surged to RM4.08, which was a record high after its earnings rose 54.3% to RM13.81mil in the third quarter ended March 31, 2013 from RM8.95mil a year ago. At 10.41am, it was up 26 sen to RM4.03. There were 123,600 shares done at prices ranging from RM3.85 to RM4.08. The FBM KLCI was up 7.53 points to 1,776.69. Turnover was 973.70 million shares valued at RM624.45mil. There were 579 gainers, 136 ...

Former Batu Uban assemblyman withdraws defamation suit against bank executive

The Star - Sunday 19th May, 2013

GEORGE TOWN: Former Batu Uban assemblyman S. Raveentharan has withdrawn a defamation suit on Monday against a bank executive following the latter's public apology in court. Raveentharan filed a suit in the High Court against P. Raghuram over a letter written in 2010, which implied that Raveentharan was involved in a sexual misconduct. The public apology was read in front ...

MIDF Research Return of local retail investors

The Star - Sunday 19th May, 2013

KUALA LUMPUR: MIDF Equities Research said local retail investors turned net buyers in the week ended May 17, which was the first time in 24 weeks, although it was a marginal RM16.8mil. The research house said on Monday there was a heightened participation rate of RM1.5bil, higher than that of foreign investors. "Local retailers do have cash, having sold net RM5.9bil this year, surpassing ...

SapuraKencana drives KLCI higher in early trade

The Star - Sunday 19th May, 2013

KUALA LUMPUR: Rising interest in the oil and gas (O&G) sector saw SapuraKencana Petroleum emerging as among the top gainers in early Monday trade, driving the FBM KLCI higher. At 9.32am, the KLCI was up 2.95 points to 1,772.11. Turnover was 416.07 million shares valued at RM227.51mil. Advancing counters beat decliners 452 to 92 while 190 counters were ...

Malaysia-Market factors to watch on May 20

The Star - Sunday 19th May, 2013

annual general meeting and extraordinary general meeting press conference, Hotel Istana Kuala Lumpur, Kuala Lumpur, 12.00 pm (0400). MARKET NEWS > Nikkei hits new 5 1/2-year high on real estate, agricultural shares > US STOCKS-Dow, S&P end at records, stocks mark 4th week of gains > TREASURIES-Prices fall on improved consumer sentiment > FOREX-Dollar tops 103 yen, a 4-1/2-year ...

Maybank KE Research maintains Buy on Alam Maritim ups TP to RM1.30

The Star - Sunday 19th May, 2013

and raised the target price by 16% to RM1.30. It said on Monday it had upgraded its earnings forecast by between 9% and 11% for FY14-FY15 on higher contract wins assumptions. "We now expect Alam to win up to RM600mil of inspection repair maintenance (IRM) and transportation & installation (T&I) jobs in 2013 versus RM300mil previously as oil and gas capex spend is expected to ...

Sino Hua-An in the black posts RM3.33m net profit

The Star - Sunday 19th May, 2013

was in the black in the first quarter ended March 31, 2013 with net profit of RM3.33mil versus net loss of RM19.91mil a year ago. It reported net loss of RM10.78mil in the fourth quarter ended Dec 31, 2012 also. Sino Hua-An said on Monday that however, revenue fell 12.5% to RM334.16mil from RM382.12mil a year ago. Earnings per share were 0.3 sen compared with loss per share of 1.77 sen. Trading ...

AmResearch maintains Overweight on OG sector

The Star - Sunday 19th May, 2013

. It said on Monday in the short to medium-term, excitement in the sector will still largely stem from the domestic rollout of fresh projects. These include the enhanced oil recovery projects for Semarang, Bokor and Dulang fields; gas cluster developments for the North Malay basin; as well as in Sabah and Sarawak which are tied to the completion of the Bintulu LNG complex expansion in 2015. ...

Trading ideas Instacom Zecon PPB Group

The Star - Sunday 19th May, 2013

to be among the counters which could see trading interest on Monday. It said it was reported that Instacom is believed to have secured a RM200mil contract to build telecommunication network and infrastructure for the wiring up of schools in Sarawak. As for Zecon, it bagged a RM83mil construction contract valued at RM83m while PPB Group's latest quarterly result showed a 32% net profit jump ...

Japanese shares are likely to gain further this week

The Star - Sunday 19th May, 2013

TOKYO: JAPANESE shares are likely to gain further this week on robust investor appetite as confidence grows in the government's ability to deliver economic growth, analysts said on Friday. In the week to May 17, Tokyo's benchmark Nikkei 225 index surged 3.63% or 530.58 points, to finish at 15,138.12, the best close in more than five years. The Topix index of all first-section shares ...

Qatar Holding Italy fund eyeing Versace

The Star - Sunday 19th May, 2013

and an Italian state-controlled investment fund are interested in investing in Italian fashion house Versace, Il Sole 24 Ore said. The Qatar sovereign fund was "carefully looking at" Versace, the Italian daily said, citing financial sources. The paper cited market rumours as saying the fund was flanked by FSI, the Italian strategic investment fund owned by state financing company Cassa ...

CPO export recovery seen this week

The Star - Sunday 19th May, 2013

KUALA LUMPUR: CRUDE palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to fetch RM2,300 a tonne this week in anticipation of better exports in the first 20 days of May, a dealer said. He said market players were betting on exports recovering and this would signal better demand trend for the commodity. Cargo surveyors are expected to release export figures on Monday. On a ...

Rubber prices are likely to ease this week

The Star - Sunday 19th May, 2013

KUALA LUMPUR: MALAYSIAN rubber prices are likely to ease this week as players remain on the sidelines in anticipation of prices falling further. The local market is expected to remain quiet without much activity, said a dealer. "Prices are likely to move sideways within a tight range," he said, adding that local rubber prices would also track movements on the Tokyo Commodity Exchange. ...