STOCKWATCH - Malaysia's MRCB lower on speculation to buy stake in Equine
11/06/2007 11:11:00
KUALA LUMPUR (XFN-ASIA) - Malaysian Resources Corp Bhd (MRCB) shares were
lower, bucking the trend in the broader market, on speculation that it will buy
a stake in Equine Capital Bhd, a move that analysts said will add very little to
MRCB's shareholders value.
At 11.09 am, MRCB was down 0.01 rgt or 0.40 pct at 2.50, while Equine was flat
at 3.06 rgt.
The KLCI was up 12.18 points or 0.90 pct at 1,364.57
There is speculation that MRCB will acquire a stake in Equine to participate in
the building of a new airport in Penang.
OSK Research said there is no sense in acquiring a stake in Equine Capital as
it will not add to MRCB's shareholders value as Equine is primarily engaged in
property development and the provision of recreational and equestrian
activities, which is "relatively trivial compared to MRCB's construction job
profile".
In addition, Equine reported a 79 pct drop in net profit to 3.56 mln rgt for
the year to March 2007 on the back of a turnover of 76.5 mln rgt.
"We would be disappointed if MRCB (takes) an equity stake in Equine," OSK
analyst Tursina Yaacob said.
"(However,) we would be comfortable in MRCB's participation in the project
since construction of the new airport in Batu Kawan will add 1.2 bln rgt to the
company's orderbook, bringing total outstanding work to 3 bln rgt," she said.
In addition, the construction of an airport will enhance MRCB's job profile,
increasing its ability to bid for a wider range of projects.
"Assuming a conservative 8 pct margin, the project would add 96 mln rgt to
MRCB's bottomline," she said, but added that she is maintaining her earnings
projections for MRCB until there is confirmation of the acquisition.
OSK has a 'trading buy' recommendation on MRCB, with a 12-month target price of
3.25 rgt.
Source: Osk WireNews
Sunday, June 10, 2007
Thursday, June 7, 2007
Malaysia's Time dotcom sees return to profitability by 2009 - report
Malaysia's Time dotcom sees return to profitability by 2009 - report
07/06/2007 18:03:00
KUALA LUMPUR (XFN-ASIA) - Time dotcom Bhd expects to return to profitability by
2009 as its restructuring exercise is progressing well, the Bernama news agency
reported, citing managing director Baharum Salleh.
Time reported a pretax loss of 177.1 mln rgt for financial year 2006, against a
loss of 237.9 mln rgt in 2005, according to the report.
"Based on our plan, improvement in numbers will start by the third or fourth
quarter this year while profitability is expected within three years," said
Baharum.
"We have done several market engagements which will give us revenue and from
the third quarter onwards, hopefully the result will be much better from the
previous quarter," he added.
The company will allocate some 134 mln rgt for capital expenditure this year,
up from 44 mln rgt a year ago.
The funds will be utilised to upgrade its existing fibre-optic network to an
internet protocol-based network, said Baharum.
Baharum also said that Time is currently in talks with several parties to roll
out its 3G services.
"We are in discussions with several companies on the content, network and
connectivity," he said, adding that the service will be launched in the "most
economical way" but in tandem with market demand.
Source: Osk Wirenews
07/06/2007 18:03:00
KUALA LUMPUR (XFN-ASIA) - Time dotcom Bhd expects to return to profitability by
2009 as its restructuring exercise is progressing well, the Bernama news agency
reported, citing managing director Baharum Salleh.
Time reported a pretax loss of 177.1 mln rgt for financial year 2006, against a
loss of 237.9 mln rgt in 2005, according to the report.
"Based on our plan, improvement in numbers will start by the third or fourth
quarter this year while profitability is expected within three years," said
Baharum.
"We have done several market engagements which will give us revenue and from
the third quarter onwards, hopefully the result will be much better from the
previous quarter," he added.
The company will allocate some 134 mln rgt for capital expenditure this year,
up from 44 mln rgt a year ago.
The funds will be utilised to upgrade its existing fibre-optic network to an
internet protocol-based network, said Baharum.
Baharum also said that Time is currently in talks with several parties to roll
out its 3G services.
"We are in discussions with several companies on the content, network and
connectivity," he said, adding that the service will be launched in the "most
economical way" but in tandem with market demand.
Source: Osk Wirenews
Stocks Fall As Yields Climb
Stocks Fall As Yields Climb
Thursday June 7, 1:08 pm ET
By Madlen Read, AP Business Writer
Stocks Fall After 10-Year Yield Passes 5 Percent; Dow Falls More Than 100 Points
NEW YORK (AP) -- Wall Street fell sharply for a third straight session Thursday after rising bond yields stoked concerns that an interest rate cut later in the year is less likely. The Dow Jones industrials fell more than 100 points and the S&P 500 index hovered near the 1,500 mark.
Source: http://biz.yahoo.com/ap/070607/wall_street.html?.v=37
Thursday June 7, 1:08 pm ET
By Madlen Read, AP Business Writer
Stocks Fall After 10-Year Yield Passes 5 Percent; Dow Falls More Than 100 Points
NEW YORK (AP) -- Wall Street fell sharply for a third straight session Thursday after rising bond yields stoked concerns that an interest rate cut later in the year is less likely. The Dow Jones industrials fell more than 100 points and the S&P 500 index hovered near the 1,500 mark.
Source: http://biz.yahoo.com/ap/070607/wall_street.html?.v=37
10-Year Treasury Yield Passes 5 Percent
10-Year Treasury Yield Passes 5 Percent
Thursday June 7, 10:45 am ET
By Madlen Read, AP Business Writer
10-Year Treasury Note Yield Rises Above 5 Percent; Could Keep Lifting Mortgage Rates
NEW YORK (AP) -- The yield on the Treasury's 10-year note passed 5 percent Thursday, hitting a 10-month high as investors see their hopes for an interest rate cut evaporating.
The 10-year yield broke through 5 percent mark overnight and rose as high as 5.07 percent in mid-morning trading in New York, reaching its highest point since late July. U.S. bond markets were following a trend toward lower prices and higher yields in trading abroad.
Source: http://biz.yahoo.com/ap/070607/10_year_yield.html?.v=7
Thursday June 7, 10:45 am ET
By Madlen Read, AP Business Writer
10-Year Treasury Note Yield Rises Above 5 Percent; Could Keep Lifting Mortgage Rates
NEW YORK (AP) -- The yield on the Treasury's 10-year note passed 5 percent Thursday, hitting a 10-month high as investors see their hopes for an interest rate cut evaporating.
The 10-year yield broke through 5 percent mark overnight and rose as high as 5.07 percent in mid-morning trading in New York, reaching its highest point since late July. U.S. bond markets were following a trend toward lower prices and higher yields in trading abroad.
Source: http://biz.yahoo.com/ap/070607/10_year_yield.html?.v=7
Stocks Fall After 10-Year Yield Climbs
Stocks Fall After 10-Year Yield Climbs
Thursday June 7, 12:31 pm ET
By Madlen Read, AP Business Writer
Stocks Fall After 10-Year Yield Passes 5 Percent, Retailers Report Tepid Sales
NEW YORK (AP) -- Stocks fell for a third straight session Thursday after rising bond yields stoked concerns that an interest rate cut later in the year is less likely.
The 10-year Treasury note's yield surpassed 5 percent in overnight trading. With rates rising in the market, the Federal Reserve is expected to be less inclined to cut short-term interest rates. And a dip in applications for unemployment benefits last week, which indicates a healthy labor market, also made a rate cut seem less likely.
Source: http://biz.yahoo.com/ap/070607/wall_street.html?.v=35
Thursday June 7, 12:31 pm ET
By Madlen Read, AP Business Writer
Stocks Fall After 10-Year Yield Passes 5 Percent, Retailers Report Tepid Sales
NEW YORK (AP) -- Stocks fell for a third straight session Thursday after rising bond yields stoked concerns that an interest rate cut later in the year is less likely.
The 10-year Treasury note's yield surpassed 5 percent in overnight trading. With rates rising in the market, the Federal Reserve is expected to be less inclined to cut short-term interest rates. And a dip in applications for unemployment benefits last week, which indicates a healthy labor market, also made a rate cut seem less likely.
Source: http://biz.yahoo.com/ap/070607/wall_street.html?.v=35
Wednesday, June 6, 2007
首相再婚
即時新聞更新: June 6, 2007 13:36
首相再婚
（吉隆坡6日訊）首相拿督斯里阿都拉結婚了！
首相辦公室今日發表文告宣布，首相將于週六（9日）與管家珍妮阿都拉（Jeanne）共結連理，婚禮在首相官邸舉行，只邀近親出席。
新娘子今年54歲，1953年7月29日生于吉隆坡，在八打靈再也阿松大高中受教育。擁有豐富酒店行政管理經驗，曾管理多家著名酒店，包括希爾頓和泛太平洋酒店。
來自4名孩子家庭的珍妮，是家中長女，曾任副首相官邸管家和首相官邸經理，即阿都拉的管家。
珍妮和已故前夫育有兩名孩子，分別是納帝雅和納汀。
有關首相再婚消息早在3月份傳開，在回應記者提問時，伯拉只說“謠言，只是謠言”。
首相生于1939年11月26日，現年68歲。首相夫人拿汀斯里恩頓于2005年10月20日清晨7時55分，不敵乳癌病魔，在布城官邸病逝，享年64歲。
Source: ChinaPress malaysia :http://www.chinapress.com.my/breaking_new.asp?a=0607bkg01.txt
首相再婚
（吉隆坡6日訊）首相拿督斯里阿都拉結婚了！
首相辦公室今日發表文告宣布，首相將于週六（9日）與管家珍妮阿都拉（Jeanne）共結連理，婚禮在首相官邸舉行，只邀近親出席。
新娘子今年54歲，1953年7月29日生于吉隆坡，在八打靈再也阿松大高中受教育。擁有豐富酒店行政管理經驗，曾管理多家著名酒店，包括希爾頓和泛太平洋酒店。
來自4名孩子家庭的珍妮，是家中長女，曾任副首相官邸管家和首相官邸經理，即阿都拉的管家。
珍妮和已故前夫育有兩名孩子，分別是納帝雅和納汀。
有關首相再婚消息早在3月份傳開，在回應記者提問時，伯拉只說“謠言，只是謠言”。
首相生于1939年11月26日，現年68歲。首相夫人拿汀斯里恩頓于2005年10月20日清晨7時55分，不敵乳癌病魔，在布城官邸病逝，享年64歲。
Source: ChinaPress malaysia :http://www.chinapress.com.my/breaking_new.asp?a=0607bkg01.txt
Malaysia detects new outbreak of bird flu
Malaysia detects new outbreak of bird flu
06/06/2007 17:17:00
KUALA LUMPUR (XFN-ASIA) - A new outbreak of the deadly H5N1 strain of bird flu
has been detected among poultry in a village on the outskirts of the capital,
Kamarudin Mohammed Isa, head of the disease control section at the Department
of Veterinary Services, said.
He said the virus was confirmed late Tuesday night in chickens in the Sungai
Buloh area.
"We just confirmed it last night. We will implement standard procedures. We
will cull birds within a one kilometre radius from the index cases," he told
Agence France-Presse.
He said authorities are expected to start killing about 2,000 chickens in the
village and surrounding area later today.
Malaysia suffered outbreaks of avian influenza among poultry in early 2006, but
there were no human cases and the nation declared itself free of the disease
last June.
Source: OSK Wirenews
06/06/2007 17:17:00
KUALA LUMPUR (XFN-ASIA) - A new outbreak of the deadly H5N1 strain of bird flu
has been detected among poultry in a village on the outskirts of the capital,
Kamarudin Mohammed Isa, head of the disease control section at the Department
of Veterinary Services, said.
He said the virus was confirmed late Tuesday night in chickens in the Sungai
Buloh area.
"We just confirmed it last night. We will implement standard procedures. We
will cull birds within a one kilometre radius from the index cases," he told
Agence France-Presse.
He said authorities are expected to start killing about 2,000 chickens in the
village and surrounding area later today.
Malaysia suffered outbreaks of avian influenza among poultry in early 2006, but
there were no human cases and the nation declared itself free of the disease
last June.
Source: OSK Wirenews
Tuesday, June 5, 2007
Malaysia's central bank seen cutting key rate by 50 basis pts by year-end
Malaysia's central bank seen cutting key rate by 50 basis pts by year-end - ING
05/06/2007 15:20:00
KUALA LUMPUR (XFN-ASIA) - ING Research chief economist for Asia Tim Condon said
he expects Bank Negara to cut its key rate by 50 basis points by the end of the
year, bringing its policy rate to 3 pct and set the floor for government bond
yields.
He said Malaysian exports are performing dismally and a policy change is only a
matter of time.
"We recently revised our forecast for Bank Negara Malaysia policy rate cuts. We
had forecast the central bank remaining on hold all year but we now expect 50
basis points of rate cuts by the end of the year," it added.
Condon said in a report that Bank Negara has always stated its policy of
managing the ringgit to promote exchange rate stability against the currencies
of its main trading partners.
"Singapore is Malaysia's second largest trading partner after the US so Bank
Negara pays close attention to what the Monetary Authority of Singapore does in
managing the Singapore dollar trade-weighted index," it said.
"We note that since March the Singapore dollar has depreciated slightly against
the US dollar," it said, adding that Bank Negara's policy of "heavy
intervention and grudging accommodation of ringgit appreciation pressure" has
caused the ringgit to appreciate against the Singapore dollar.
ING said it has also cut its 10-year government bond yield forecast to 3.00 pct
from 3.50 pct. The yield is currently at 3.10 pct.
Source: OSK Wirenews
05/06/2007 15:20:00
KUALA LUMPUR (XFN-ASIA) - ING Research chief economist for Asia Tim Condon said
he expects Bank Negara to cut its key rate by 50 basis points by the end of the
year, bringing its policy rate to 3 pct and set the floor for government bond
yields.
He said Malaysian exports are performing dismally and a policy change is only a
matter of time.
"We recently revised our forecast for Bank Negara Malaysia policy rate cuts. We
had forecast the central bank remaining on hold all year but we now expect 50
basis points of rate cuts by the end of the year," it added.
Condon said in a report that Bank Negara has always stated its policy of
managing the ringgit to promote exchange rate stability against the currencies
of its main trading partners.
"Singapore is Malaysia's second largest trading partner after the US so Bank
Negara pays close attention to what the Monetary Authority of Singapore does in
managing the Singapore dollar trade-weighted index," it said.
"We note that since March the Singapore dollar has depreciated slightly against
the US dollar," it said, adding that Bank Negara's policy of "heavy
intervention and grudging accommodation of ringgit appreciation pressure" has
caused the ringgit to appreciate against the Singapore dollar.
ING said it has also cut its 10-year government bond yield forecast to 3.00 pct
from 3.50 pct. The yield is currently at 3.10 pct.
Source: OSK Wirenews
Friday, June 1, 2007
Dow, S&P 500 Hit Record Highs on Data
Dow, S&P 500 Hit Record Highs on Data
Friday June 1, 7:58 pm ET
By Tim Paradis, AP Business Writer
Stocks Finish Higher After Manufacturing, Jobs Data; Dow, S&P Set Records
NEW YORK (AP) -- Wall Street carved out a solid advance Friday after data on job creation, manufacturing and inflation injected the market with renewed confidence about the economy and sent major indexes to record closes.
ADVERTISEMENT
The Standard & Poor's 500 index was the biggest gainer among the major indicators and moved toward its all-time trading high.
Investors found reason for optimism in a stronger-than-expected jobs report for May. Nonfarm payrolls rose by 157,000 last month, a larger increase than in April and more than analysts anticipated. The unemployment rate held steady at 4.5 percent, as forecast, according to the Labor Department report.
The economic picture appeared brighter still following a lower reading on inflation from the Commerce Department and data from the Institute for Supply Management's May survey, which indicated that the manufacturing sector was strengthening.
Investors have been trying to glean from recent economic data any clues about the state of the economy and the direction of interest rates. The market hopes a slowing economy will prompt the Federal Reserve to lower rates, something the Fed is loath to do if inflation remains defiantly above the central bank's target. The job figures Friday pleased Wall Street, however, because they showed growth without an attendant rise in wage inflation
Source: http://biz.yahoo.com/ap/070601/wall_street.html?.v=58
Friday June 1, 7:58 pm ET
By Tim Paradis, AP Business Writer
Stocks Finish Higher After Manufacturing, Jobs Data; Dow, S&P Set Records
NEW YORK (AP) -- Wall Street carved out a solid advance Friday after data on job creation, manufacturing and inflation injected the market with renewed confidence about the economy and sent major indexes to record closes.
ADVERTISEMENT
The Standard & Poor's 500 index was the biggest gainer among the major indicators and moved toward its all-time trading high.
Investors found reason for optimism in a stronger-than-expected jobs report for May. Nonfarm payrolls rose by 157,000 last month, a larger increase than in April and more than analysts anticipated. The unemployment rate held steady at 4.5 percent, as forecast, according to the Labor Department report.
The economic picture appeared brighter still following a lower reading on inflation from the Commerce Department and data from the Institute for Supply Management's May survey, which indicated that the manufacturing sector was strengthening.
Investors have been trying to glean from recent economic data any clues about the state of the economy and the direction of interest rates. The market hopes a slowing economy will prompt the Federal Reserve to lower rates, something the Fed is loath to do if inflation remains defiantly above the central bank's target. The job figures Friday pleased Wall Street, however, because they showed growth without an attendant rise in wage inflation
Source: http://biz.yahoo.com/ap/070601/wall_street.html?.v=58
Malaysia's Khazanah net worth up 86.8 pct to 62.2 bln rgt in three years
Malaysia's Khazanah net worth up 86.8 pct to 62.2 bln rgt in three years
01/06/2007 19:03:00
KUALA LUMPUR (XFN-ASIA) - Khazanah Nasional Bhd said its net worth has
increased by 28.9 bln rgt or 86.8 pct from 33.3 bln to 62.2 bln rgt over the
past three years.
In a statement, the government investment firm said its investment portfolio
has also grown by 74.3 pct from 50.9 bln rgt to 88.8 bln.
It said 28 major investments were made during the period amounting to 21.1 bln
rgt, on which returns of 8.9 bln rgt or 42.4 pct have been achieved during the
holding period to-date.
Of the total, 16 major domestic investments of 15.2 bln rgt and 12 foreign
investments of 5.8 bln rgt were made.
Khazanah said its revised net tangible asset to liability ratio has risen to
3.3 times from the previous 2.9 times.
On the restructuring of legacy investments, it said eight out of the 11
government-linked companies (GLCs) identified for restructuring have been
successfully restructured.
The eight companies are Malaysia Airlines, RHB Bank, Silterra, MTDC, UDA
Holdings, Northern Utility, CCT and Tradewinds, it said.
Meanwhile, works on the three firms that are still pending resolution namely,
Proton, Malaysia Airports and Time dotcom, are currently ongoing, it added.
"Financial and operational progress on GLCs have been very encouraging with,
among other indicators, the market capitalisation of the 47 listed GLCs
increasing 143 bln rgt over the last three years, and outperforming the broader
KLCI," said Khazanah in the statement.
Separately, Khazanah managing director Azman Mokhtar reiterated that Khazanah
is committed to gradually cutting down its holdings in GLCs.
"We want to do it in an orderly fashion and to be in line with our financial
objectives," said Azman.
Source: Osk Wirenews
01/06/2007 19:03:00
KUALA LUMPUR (XFN-ASIA) - Khazanah Nasional Bhd said its net worth has
increased by 28.9 bln rgt or 86.8 pct from 33.3 bln to 62.2 bln rgt over the
past three years.
In a statement, the government investment firm said its investment portfolio
has also grown by 74.3 pct from 50.9 bln rgt to 88.8 bln.
It said 28 major investments were made during the period amounting to 21.1 bln
rgt, on which returns of 8.9 bln rgt or 42.4 pct have been achieved during the
holding period to-date.
Of the total, 16 major domestic investments of 15.2 bln rgt and 12 foreign
investments of 5.8 bln rgt were made.
Khazanah said its revised net tangible asset to liability ratio has risen to
3.3 times from the previous 2.9 times.
On the restructuring of legacy investments, it said eight out of the 11
government-linked companies (GLCs) identified for restructuring have been
successfully restructured.
The eight companies are Malaysia Airlines, RHB Bank, Silterra, MTDC, UDA
Holdings, Northern Utility, CCT and Tradewinds, it said.
Meanwhile, works on the three firms that are still pending resolution namely,
Proton, Malaysia Airports and Time dotcom, are currently ongoing, it added.
"Financial and operational progress on GLCs have been very encouraging with,
among other indicators, the market capitalisation of the 47 listed GLCs
increasing 143 bln rgt over the last three years, and outperforming the broader
KLCI," said Khazanah in the statement.
Separately, Khazanah managing director Azman Mokhtar reiterated that Khazanah
is committed to gradually cutting down its holdings in GLCs.
"We want to do it in an orderly fashion and to be in line with our financial
objectives," said Azman.
Source: Osk Wirenews
Malaysia's Southern Bank end-2005 net assets overstated by 160 mln rgt
Malaysia's Southern Bank end-2005 net assets overstated by 160 mln rgt
01/06/2007 19:14:00
KUALA LUMPUR (XFN-ASIA) - Bumiputra-Commerce Holdings Bhd said
PricewaterhouseCoopers (PwC) have completed their review of Southern Bank Bhd's
audited financial statements for 2005 and it is estimated that Southern Bank's
net assets as of end-2005 had been overstated by about 160 mln rgt.
In a stock exchange filing, the company said PwC has confirmed that, in their
opinion, there were indeed inappropriate accounting treatments of certain
transactions reported in Southern Bank's financial statements for 2005.
These accounting treatments relate to inappropriately valuing certain
derivative financial instruments entered into by Southern Bank, among others, it
said.
The overstatement of 160 mln rgt is approximately 2.4 pct of the purchase
consideration of 6.7 bln rgt paid by Bumiputra-Commerce for Southern Bank, said
the banking group.
It added that PwC has confirmed that these inappropriate accounting treatments
have all been corrected as at end-June 2006 in Bumiputra-Commerce's books and
that no further amendments or corrections are required.
Source: Osk Wirenews
01/06/2007 19:14:00
KUALA LUMPUR (XFN-ASIA) - Bumiputra-Commerce Holdings Bhd said
PricewaterhouseCoopers (PwC) have completed their review of Southern Bank Bhd's
audited financial statements for 2005 and it is estimated that Southern Bank's
net assets as of end-2005 had been overstated by about 160 mln rgt.
In a stock exchange filing, the company said PwC has confirmed that, in their
opinion, there were indeed inappropriate accounting treatments of certain
transactions reported in Southern Bank's financial statements for 2005.
These accounting treatments relate to inappropriately valuing certain
derivative financial instruments entered into by Southern Bank, among others, it
said.
The overstatement of 160 mln rgt is approximately 2.4 pct of the purchase
consideration of 6.7 bln rgt paid by Bumiputra-Commerce for Southern Bank, said
the banking group.
It added that PwC has confirmed that these inappropriate accounting treatments
have all been corrected as at end-June 2006 in Bumiputra-Commerce's books and
that no further amendments or corrections are required.
Source: Osk Wirenews
Malaysia Airports, Time dotcom, Proton revamp by year-end - Khazanah
Malaysia Airports, Time dotcom, Proton revamp by year-end - Khazanah
01/06/2007 18:28:00
KUALA LUMPUR (XFN-ASIA) - Government investment firm Khazanah Nasional Bhd said
the three government-linked companies that have not been successfully
restructured to-date, namely Proton, Malaysia Airports and Time dotcom, will
have to resolve their respective revamps before the end of the year.
Khazanah managing director Azman Mokhtar said he wants the companies
restructured before the end of the year, if not sooner.
Commenting on Time dotcom's restructuring, Azman said the financially-troubled
firm is "a very challenging asset."
"It has been speculated and we confirm that there has been interest shown (by
interested parties) in buying Time dotcom's 3G assets," Azman said, adding that
Khazanah will study all the options available including the sale of Time
dotcom's telecommunications assets, the 3G license and stakes in the company.
He, however, declined to identify the parties that have expressed their
interests in Time dotcom.
Meanwhile, Azman said Malaysia Airports is still waiting for the government's
approval with regards to its restructuring.
He said the government has been very supportive and a decision is expected to
be made soon.
Source: osk wirenews
01/06/2007 18:28:00
KUALA LUMPUR (XFN-ASIA) - Government investment firm Khazanah Nasional Bhd said
the three government-linked companies that have not been successfully
restructured to-date, namely Proton, Malaysia Airports and Time dotcom, will
have to resolve their respective revamps before the end of the year.
Khazanah managing director Azman Mokhtar said he wants the companies
restructured before the end of the year, if not sooner.
Commenting on Time dotcom's restructuring, Azman said the financially-troubled
firm is "a very challenging asset."
"It has been speculated and we confirm that there has been interest shown (by
interested parties) in buying Time dotcom's 3G assets," Azman said, adding that
Khazanah will study all the options available including the sale of Time
dotcom's telecommunications assets, the 3G license and stakes in the company.
He, however, declined to identify the parties that have expressed their
interests in Time dotcom.
Meanwhile, Azman said Malaysia Airports is still waiting for the government's
approval with regards to its restructuring.
He said the government has been very supportive and a decision is expected to
be made soon.
Source: osk wirenews
Kuala Lumpur shares end morning higher on follow-through interest
Kuala Lumpur shares end morning higher on follow-through interest - UPDATE
01/06/2007 12:56:00
KUALA LUMPUR (XFN-ASIA) - Share prices ended the morning higher on
follow-through interest in major blue-chips but volume remained thin which
suggests that the upward momentum may not be sustainable, dealers said.
The Kuala Lumpur Composite Index (KLCI) was up 10.50 points or 0.78 pct at
1,357.39.
The FTSE Bursa Malaysia 30-large cap index gained 63.37 points or 0.73 pct to
8,696.81 and the second board index added 0.37 point or 0.37 pct to 100.90.
Gainers led losers 435 to 258, with 266 counters unchanged and 374 stocks
untraded.
Trading volume was 429.481 mln shares, valued at 808.363 mln rgt.
Analysts said the market's near-term outlook remains "tricky" as there is no
clear signal of a breakout on either side.
"On the surface, the market is trading firmer, but the thin volume may indicate
that sentiment is still pretty negative, as most of the investors are still
waiting on the sidelines," said a technical analyst from a local brokerage.
"To be cautious is still the better strategy for now. Only if the KLCI manages
to surpass 1,368 points, then we can consider this as a breakout and provide
investors a good excuse to jump in," he added.
Investors should also watch out for external shocks such as a collapse in
China's stock markets, the analyst said.
Index heavyweights ended the morning session higher, with Telekom Malaysia
rising 0.10 rgt or 0.96 pct to 10.50, Tenaga adding 0.10 rgt or 0.85 pct to
11.80 and Maybank up 0.20 rgt or 1.65 pct at 12.30.
Newly-listed Deleum topped the gainers list, rising 1.47 rgt or 57.65 pct to
4.02, against its initial public offering price of 2.55.
Plantation major IOI Corp advanced 0.50 rgt or 1.82 pct to 28.00, leisure group
Tanjong gained 0.40 rgt or 2.21 pct to 18.50, state-owned Petronas Dagangan rose
0.40 rgt or 4.30 pct to 9.70 and gaming group Genting was up 0.35 rgt or 4.43
pct at 8.25.
Transmile failed to recover from its earlier losses after it hit limit down in
the session with analyst expecting the shares to fall further in the afternoon
session. Transmile ended the morning down 2.65 rgt or 29.78 pct at 6.25.
Proton was down 0.05 rgt or 0.93 pct at 5.30 as investor sentiment was hit by
news that Volkswagen AG has walked away from a possible tie-up and the firm
posted a net loss of 591 mln rgt for the year to March 2007.
Second Finance Minister Nor Mohamed Yakcop said the government will name a new
partner for the national carmaker in three months following the latest
development.
Pos Malaysia added 0.12 rgt or 2.88 pct to 4.28, riding on the broader market's
strength, after opening lower on concern over the possible impact of accounting
irregularities at Transmile Group Bhd, in which it holds a stake.
At the close, the ringgit was quoted at 3.3990/34005 against the dollar.
Three-month interbank rates were quoted at 3.55/57.
Source: Osk WireNews
01/06/2007 12:56:00
KUALA LUMPUR (XFN-ASIA) - Share prices ended the morning higher on
follow-through interest in major blue-chips but volume remained thin which
suggests that the upward momentum may not be sustainable, dealers said.
The Kuala Lumpur Composite Index (KLCI) was up 10.50 points or 0.78 pct at
1,357.39.
The FTSE Bursa Malaysia 30-large cap index gained 63.37 points or 0.73 pct to
8,696.81 and the second board index added 0.37 point or 0.37 pct to 100.90.
Gainers led losers 435 to 258, with 266 counters unchanged and 374 stocks
untraded.
Trading volume was 429.481 mln shares, valued at 808.363 mln rgt.
Analysts said the market's near-term outlook remains "tricky" as there is no
clear signal of a breakout on either side.
"On the surface, the market is trading firmer, but the thin volume may indicate
that sentiment is still pretty negative, as most of the investors are still
waiting on the sidelines," said a technical analyst from a local brokerage.
"To be cautious is still the better strategy for now. Only if the KLCI manages
to surpass 1,368 points, then we can consider this as a breakout and provide
investors a good excuse to jump in," he added.
Investors should also watch out for external shocks such as a collapse in
China's stock markets, the analyst said.
Index heavyweights ended the morning session higher, with Telekom Malaysia
rising 0.10 rgt or 0.96 pct to 10.50, Tenaga adding 0.10 rgt or 0.85 pct to
11.80 and Maybank up 0.20 rgt or 1.65 pct at 12.30.
Newly-listed Deleum topped the gainers list, rising 1.47 rgt or 57.65 pct to
4.02, against its initial public offering price of 2.55.
Plantation major IOI Corp advanced 0.50 rgt or 1.82 pct to 28.00, leisure group
Tanjong gained 0.40 rgt or 2.21 pct to 18.50, state-owned Petronas Dagangan rose
0.40 rgt or 4.30 pct to 9.70 and gaming group Genting was up 0.35 rgt or 4.43
pct at 8.25.
Transmile failed to recover from its earlier losses after it hit limit down in
the session with analyst expecting the shares to fall further in the afternoon
session. Transmile ended the morning down 2.65 rgt or 29.78 pct at 6.25.
Proton was down 0.05 rgt or 0.93 pct at 5.30 as investor sentiment was hit by
news that Volkswagen AG has walked away from a possible tie-up and the firm
posted a net loss of 591 mln rgt for the year to March 2007.
Second Finance Minister Nor Mohamed Yakcop said the government will name a new
partner for the national carmaker in three months following the latest
development.
Pos Malaysia added 0.12 rgt or 2.88 pct to 4.28, riding on the broader market's
strength, after opening lower on concern over the possible impact of accounting
irregularities at Transmile Group Bhd, in which it holds a stake.
At the close, the ringgit was quoted at 3.3990/34005 against the dollar.
Three-month interbank rates were quoted at 3.55/57.
Source: Osk WireNews
Thursday, May 31, 2007
Sinchew
馬股全面揚升
綜指閉市漲8點 推薦給朋友 列印
updated:2007-05-31 17:41:15 MYT
（吉隆坡訊）美國聯儲局會議記錄緩和投資者對美國經濟的憂慮，加上大馬首季國內生產總值超出預期，馬股也隨亞股“棄中就美”全面揚升。
綜合指數起7.71點，閉市掛1346.89；全富時股項指數揚升81.80，掛5950.20；第二板指數漲0.47點，以100.53掛休。
上升股539隻，跌價股271隻，294隻股股價維持不變，另外290隻股未有交易，36隻股暫停交易。
成交量7億6298萬8000股，總值19億9300萬令吉。
Source: http://biz.sinchew-i.com/content.phtml?sec=2&artid=200705311660
綜指閉市漲8點 推薦給朋友 列印
updated:2007-05-31 17:41:15 MYT
（吉隆坡訊）美國聯儲局會議記錄緩和投資者對美國經濟的憂慮，加上大馬首季國內生產總值超出預期，馬股也隨亞股“棄中就美”全面揚升。
綜合指數起7.71點，閉市掛1346.89；全富時股項指數揚升81.80，掛5950.20；第二板指數漲0.47點，以100.53掛休。
上升股539隻，跌價股271隻，294隻股股價維持不變，另外290隻股未有交易，36隻股暫停交易。
成交量7億6298萬8000股，總值19億9300萬令吉。
Source: http://biz.sinchew-i.com/content.phtml?sec=2&artid=200705311660
Kuala Lumpur shares close higher in line with strong regional gains
Kuala Lumpur shares close higher in line with strong regional gains - UPDATE
31/05/2007 17:32:00
KUALA LUMPUR (XFN-ASIA) - Share prices closed higher, rebounding from its
earlier sluggishness, as the local bourse played catch-up with the strong
performances in regional markets, dealers said.
The Kuala Lumpur Composite Index (KLCI) closed up 7.71 points or 0.58 pct at
1,346.89, off a high of 1,350.46 and a low of 1,338.40.
The FTSE Bursa Malaysia 30-large cap index gained 82.11 points or 0.96 pct to
8,649.16 and the second board index added 0.47 point or 0.47 pct to 100.53.
Gainers led losers 539 to 271, with 294 stocks unchanged and 228 counters
untraded.
Trading volume was 762.988 mln shares, valued at 1.993 bln rgt.
Analysts said the market recovered from yesterday's weakness on the back of
Wall Street's rebound overnight.
"Trading momentum was weak throughout the day before the key index spiked up in
the last hour of trading, when the local bourse tried to pull away on the back
of the regional strength," said an investment analyst from a local brokerage.
On the market's near-term outlook, the analyst said he expects the sideways
trading to continue for now.
"The risk has certainly increased and the market's future direction will very
much depend on developments on the external front," he added.
SJ Securities technical analyst Phua Kwee Hock agreed that the key index is
likely to be stuck in rangebound trade for a couple of months and that he sees
the 2008 budget, to be unveiled only in the third quarter, as the next major
catalyst to lift the market.
Index heavyweights finished the day mostly higher, with Telekom Malaysia adding
0.20 rgt or 1.96 pct to 10.40, Tenaga gaining 0.20 rgt or 1.74 pct to 11.70 and
Maybank was steady at 12.10.
Petra Perdana rose 0.04 rgt or 1.10 pct to 3.66 after the firm reported strong
first quarter to March results boosted by two one-off items.
SP Setia jumped 0.35 rgt or 4.35 pct to 8.40 after it proposed to acquire a
piece of freehold land in the prestigious Bukit Tunku residential area for 73.9
mln rgt in cash from Tenaga Nasional.
IJM Plantations was higher after its fourth quarter to March net profit surged
to 8.940 mln rgt against 4.024 mln a year earlier, rising 0.08 rgt or 3.86 pct
to 2.15.
BIMB Holdings advanced 0.01 rgt or 0.84 pct to 1.20 as its third quarter to
March results swung to a net profit of 36.469 mln rgt, against a loss 84.875 mln
a year earlier.
Zelan topped the gainers list after the power plant construction company said
it is negotiating to buy key stakes in power assets in India, Indonesia and the
Middle East. The stock was up 0.40 rgt or 3.28 pct at 12.60.
As for losers, Sime Darby fell after the company reported its third quarter to
March results, with operating profit falling slightly due to its weak automotive
division. It finished the day down 0.20 rgt or 1.96 pct to 10.00.
Three-month interbank rates were quoted at 3.55/57 and the overnight rates were
at 3.47/50.
At the close, the ringgit was quoted at 3.3975/4025 against the dollar.
Source: Osk Wirenews
31/05/2007 17:32:00
KUALA LUMPUR (XFN-ASIA) - Share prices closed higher, rebounding from its
earlier sluggishness, as the local bourse played catch-up with the strong
performances in regional markets, dealers said.
The Kuala Lumpur Composite Index (KLCI) closed up 7.71 points or 0.58 pct at
1,346.89, off a high of 1,350.46 and a low of 1,338.40.
The FTSE Bursa Malaysia 30-large cap index gained 82.11 points or 0.96 pct to
8,649.16 and the second board index added 0.47 point or 0.47 pct to 100.53.
Gainers led losers 539 to 271, with 294 stocks unchanged and 228 counters
untraded.
Trading volume was 762.988 mln shares, valued at 1.993 bln rgt.
Analysts said the market recovered from yesterday's weakness on the back of
Wall Street's rebound overnight.
"Trading momentum was weak throughout the day before the key index spiked up in
the last hour of trading, when the local bourse tried to pull away on the back
of the regional strength," said an investment analyst from a local brokerage.
On the market's near-term outlook, the analyst said he expects the sideways
trading to continue for now.
"The risk has certainly increased and the market's future direction will very
much depend on developments on the external front," he added.
SJ Securities technical analyst Phua Kwee Hock agreed that the key index is
likely to be stuck in rangebound trade for a couple of months and that he sees
the 2008 budget, to be unveiled only in the third quarter, as the next major
catalyst to lift the market.
Index heavyweights finished the day mostly higher, with Telekom Malaysia adding
0.20 rgt or 1.96 pct to 10.40, Tenaga gaining 0.20 rgt or 1.74 pct to 11.70 and
Maybank was steady at 12.10.
Petra Perdana rose 0.04 rgt or 1.10 pct to 3.66 after the firm reported strong
first quarter to March results boosted by two one-off items.
SP Setia jumped 0.35 rgt or 4.35 pct to 8.40 after it proposed to acquire a
piece of freehold land in the prestigious Bukit Tunku residential area for 73.9
mln rgt in cash from Tenaga Nasional.
IJM Plantations was higher after its fourth quarter to March net profit surged
to 8.940 mln rgt against 4.024 mln a year earlier, rising 0.08 rgt or 3.86 pct
to 2.15.
BIMB Holdings advanced 0.01 rgt or 0.84 pct to 1.20 as its third quarter to
March results swung to a net profit of 36.469 mln rgt, against a loss 84.875 mln
a year earlier.
Zelan topped the gainers list after the power plant construction company said
it is negotiating to buy key stakes in power assets in India, Indonesia and the
Middle East. The stock was up 0.40 rgt or 3.28 pct at 12.60.
As for losers, Sime Darby fell after the company reported its third quarter to
March results, with operating profit falling slightly due to its weak automotive
division. It finished the day down 0.20 rgt or 1.96 pct to 10.00.
Three-month interbank rates were quoted at 3.55/57 and the overnight rates were
at 3.47/50.
At the close, the ringgit was quoted at 3.3975/4025 against the dollar.
Source: Osk Wirenews
Wednesday, May 30, 2007
Malaysia April M3 money supply up 14.2 pct vs 12.8 pct in March - central bank
Malaysia April M3 money supply up 14.2 pct vs 12.8 pct in March - central bank
31/05/2007 10:31:00
KUALA LUMPUR (XFN-ASIA) - The broad M3 measure of money supply expanded by 14.2
pct in April from a year earlier against a rise of 12.8 pct in March , the
central bank said.
Narrow money, or M1, increased at an annual rate of 17.9 pct in April,
unchanged from March, due to higher placements of demand deposits by business
enterprises.
"The increase in M3 reflected the increase in net foreign assets as well as the
higher loans outstanding and holdings of securities by banking institutions," it
said in a statement.
On a month-on-month basis, the increase in net foreign assets is the major
contributor to the expansion in M3, reflecting higher international reserves and
net foreign assets of the banking institutions.
"Claims on the private sector were also expansionary on account of higher loans
outstanding and holdings of securites by the banking institutions.
"Government operations however, were contractionary on M3 as the government
deposited the proceeds from the issuance of Malaysian Government Securities with
Bank Negara," it added.
The banking system's capitalisation remained strong with the risk-weighted
capital ratio at 13.1 pct.
The net NPL ratio improved further to 4.4 pct due mainly to recoveries and
conitnued write-offs by banking institutions.
Total deposits with the banking system increased by 4.3 bln rgt in April
against 3.8 bln rgt in March or 18.3 pct on an annual basis against 18 pct in
March.
The expansion mainly reflected higher deposit placements by businesses and
individuals, which was partly offset by lower deposits among financial
institutions.
Total loans outstanding expanded by 6.2 pct on an annual basis as at end-April,
unchanged against the growth seen at end-March.
Loans outstanding to businesses and households expanded at annual growth rates
of 5.8 pct and 7.9 pct against 6.3 pct and 7.8 pct in March, respectively.
The ringgit appreciated against the US dollar by 2.0 pct, the yen by 5.3 pct
and the euro by 1.1 pct between April 1 and May 28.
Source: Osk Wirenews
31/05/2007 10:31:00
KUALA LUMPUR (XFN-ASIA) - The broad M3 measure of money supply expanded by 14.2
pct in April from a year earlier against a rise of 12.8 pct in March , the
central bank said.
Narrow money, or M1, increased at an annual rate of 17.9 pct in April,
unchanged from March, due to higher placements of demand deposits by business
enterprises.
"The increase in M3 reflected the increase in net foreign assets as well as the
higher loans outstanding and holdings of securities by banking institutions," it
said in a statement.
On a month-on-month basis, the increase in net foreign assets is the major
contributor to the expansion in M3, reflecting higher international reserves and
net foreign assets of the banking institutions.
"Claims on the private sector were also expansionary on account of higher loans
outstanding and holdings of securites by the banking institutions.
"Government operations however, were contractionary on M3 as the government
deposited the proceeds from the issuance of Malaysian Government Securities with
Bank Negara," it added.
The banking system's capitalisation remained strong with the risk-weighted
capital ratio at 13.1 pct.
The net NPL ratio improved further to 4.4 pct due mainly to recoveries and
conitnued write-offs by banking institutions.
Total deposits with the banking system increased by 4.3 bln rgt in April
against 3.8 bln rgt in March or 18.3 pct on an annual basis against 18 pct in
March.
The expansion mainly reflected higher deposit placements by businesses and
individuals, which was partly offset by lower deposits among financial
institutions.
Total loans outstanding expanded by 6.2 pct on an annual basis as at end-April,
unchanged against the growth seen at end-March.
Loans outstanding to businesses and households expanded at annual growth rates
of 5.8 pct and 7.9 pct against 6.3 pct and 7.8 pct in March, respectively.
The ringgit appreciated against the US dollar by 2.0 pct, the yen by 5.3 pct
and the euro by 1.1 pct between April 1 and May 28.
Source: Osk Wirenews
Kuala Lumpur shares outlook - Higher on Wall St rally, forecast-beating Q1 GDP
Kuala Lumpur shares outlook - Higher on Wall St rally, forecast-beating Q1 GDP
31/05/2007 08:06:00
KUALA LUMPUR (XFN-ASIA) - Share prices are expected to open higher following
the overnight rally on Wall Street and Malaysia's better-than-expected first
quarter GDP results, dealers said.
The central bank yesterday said the economy expanded by 5.3 pct in the first
quarter, beating market estimates of a first-quarter GDP growth of 4-5 pct.
Favourable quarterly earnings of major companies are expected to further boost
sentiment, helping ease concerns over falls in China's stock markets yesterday,
they added.
Stocks to watch today include IJM, BIMB, Kumpulan Guthrie and Sime Darby, which
may all attract buying after having announced strong quarterly earnings, dealers
said.
Yesterday, the Kuala Lumpur Composite Index (KLCI) was down 3.82 points or 0.28
pct at 1,339.18, off a low of 1,331.18.
The FTSE Bursa Malaysia 30-large cap index lost 25.10 points or 0.29 pct to
8,567.05, and the second board index fell 1.50 points or 1.48 pct to 100.06.
Losers led gainers 725 to 197, with 175 counters untraded and 237 stocks
unchanged.
Trading volume was 922.94 mln shares, valued at 1.918 bln rgt.
Source: Osk Wirenews
31/05/2007 08:06:00
KUALA LUMPUR (XFN-ASIA) - Share prices are expected to open higher following
the overnight rally on Wall Street and Malaysia's better-than-expected first
quarter GDP results, dealers said.
The central bank yesterday said the economy expanded by 5.3 pct in the first
quarter, beating market estimates of a first-quarter GDP growth of 4-5 pct.
Favourable quarterly earnings of major companies are expected to further boost
sentiment, helping ease concerns over falls in China's stock markets yesterday,
they added.
Stocks to watch today include IJM, BIMB, Kumpulan Guthrie and Sime Darby, which
may all attract buying after having announced strong quarterly earnings, dealers
said.
Yesterday, the Kuala Lumpur Composite Index (KLCI) was down 3.82 points or 0.28
pct at 1,339.18, off a low of 1,331.18.
The FTSE Bursa Malaysia 30-large cap index lost 25.10 points or 0.29 pct to
8,567.05, and the second board index fell 1.50 points or 1.48 pct to 100.06.
Losers led gainers 725 to 197, with 175 counters untraded and 237 stocks
unchanged.
Trading volume was 922.94 mln shares, valued at 1.918 bln rgt.
Source: Osk Wirenews
Stocks Retreat After China Market Drop
Stocks Retreat After China Market Drop
Wednesday May 30, 9:44 am ET
By Joe Bel Bruno, AP Business Writer
Stocks Fall After Drop in Chinese Stocks, Ahead of Fed Minutes
NEW YORK (AP) -- Wall Street retreated in early trading Wednesday as investors around the world reacted to a plunge in China's stock market, and awaited the release of minutes from the last Federal Reserve meeting.
ADVERTISEMENT
The pullback in the U.S. wasn't seen as a surprise as stocks were perhaps overdue for a consolidation after a strong run since the second half of 2006. And the declines in Asian and European markets did not appear as dramatic as on Feb. 27, when investors around the world recoiled at a 9 percent slide in the Shanghai index.
The tumble in Chinese stocks rippled through the global markets. When Beijing tripled a tax on stock trading to cool the country's market boom, the main Shanghai Composite Index dropped 6.5 percent and the Shenzhen Composite Index for China's smaller second market slid 7.2 percent.
Investors also retrenched ahead of the Fed minutes, which Wall Street hopes will indicate that policy makers are leaning more toward a rate cut by the end of the year than a rate hike. The minutes will be released at 2 p.m. EDT.
In the first hour of trading, the Dow Jones industrial average fell 52.25, or 0.39 percent, to 13,469.09.
Broader stock indicators were also lower. The Standard & Poor's 500 index was down 6.22, or 0.41 percent, at 1,511.89, and the Nasdaq composite index dropped 16.31, or 0.63 percent, to 2,555.75.
Source: http://biz.yahoo.com/ap/070530/wall_street.html?.v=14
Wednesday May 30, 9:44 am ET
By Joe Bel Bruno, AP Business Writer
Stocks Fall After Drop in Chinese Stocks, Ahead of Fed Minutes
NEW YORK (AP) -- Wall Street retreated in early trading Wednesday as investors around the world reacted to a plunge in China's stock market, and awaited the release of minutes from the last Federal Reserve meeting.
ADVERTISEMENT
The pullback in the U.S. wasn't seen as a surprise as stocks were perhaps overdue for a consolidation after a strong run since the second half of 2006. And the declines in Asian and European markets did not appear as dramatic as on Feb. 27, when investors around the world recoiled at a 9 percent slide in the Shanghai index.
The tumble in Chinese stocks rippled through the global markets. When Beijing tripled a tax on stock trading to cool the country's market boom, the main Shanghai Composite Index dropped 6.5 percent and the Shenzhen Composite Index for China's smaller second market slid 7.2 percent.
Investors also retrenched ahead of the Fed minutes, which Wall Street hopes will indicate that policy makers are leaning more toward a rate cut by the end of the year than a rate hike. The minutes will be released at 2 p.m. EDT.
In the first hour of trading, the Dow Jones industrial average fell 52.25, or 0.39 percent, to 13,469.09.
Broader stock indicators were also lower. The Standard & Poor's 500 index was down 6.22, or 0.41 percent, at 1,511.89, and the Nasdaq composite index dropped 16.31, or 0.63 percent, to 2,555.75.
Source: http://biz.yahoo.com/ap/070530/wall_street.html?.v=14
我国首季经济成长5.3%
我国首季经济成长5.3%
国家银行：下半年会更好
【本刊陈子莹撰述】马来西亚国家银行总裁洁蒂今天宣布，我国在今年首季取得5.3%的经济成长率，超出市场预测；经济学家一般都预测，我国在2007年第一季的经济成长会介于4%至5%之间。马来西亚在2006年第一季取得的经济成长是6%。
洁蒂（Zeti Akhtar Aziz，右图）今天会见媒体时表示，尽管第一季的外围需求已减少，对制造业的出口带来一定影响，不过服务业的增长成了第一季经济成长的主要带动力。她接着指出，服务业在今年第一季的成长是9.6%，远远超出其他领域的表现。
服务业成长主要是由消费相关以及金融业的收费服务（fee based services）带动。此外，我国今年所倡导的旅游年，也为国家带来不少的旅客，在带动经济成长方面贡献不少。
制造业放缓 服务业加强
相比之下，在带动我国经济成长，扮演重要角色的制造业，这次只不过取得1.7%。制造业在去年同期取得8.8%的成长，而去年全年的成长为7.1%。制造业成长萎缩，已是许多经济学家的预料中事。全球电子业在今年首季已放缓，导致需求量减低，这尤其对马来西亚这个以电子产品为主要出口的经济体影响甚深。
尽管如此，洁蒂表示，制造业在第一季放缓，显示制造业里的电子业需求降低；不过，这并不只是马来西亚单独面对的问题，这是全球电子业所面对的困境，预计全球电子业将会在今年下半年复苏。事实上，我国制造业里与资源相关的行业，在第一季的表现也不俗。
此外，洁蒂也认为，服务业强劲的表现，绝对可抵消制造业放缓的问题。她预计，在种种有利因素的刺激下，服务业将会继续表现良好，尤其是消费以及金融领域。她预料年中假期季节，我国将会有更多的游客到访，再加上公务员的薪金调升，将有效地刺激国内私人消费。
洁蒂最后提到，除了国内私人消费继续增长，在第九马来西亚计划期间的工程启动，也有助于推动我国下半年的经济成长。因此，国行将会把全年经济成长预测，维持在6%。
另一方面，她也表示，马币近期走强的趋势，在在反映出我国经济的基本实况，预料马币接下来也会逐渐随着国内的经济状况而调整。马币在今年初至今，兑美元的汇率增值了4.2%,兑日园和欧元，则分别增值了6.5%和1.9%。
经济学家预测4.8%
早前马来西亚《商业时报》也曾做过一项抽样调查，新马两地的经济学家预测马来西亚2007年首季的经济成长，可达4.8%。他们兼认为以制造业出口为导向的马来西亚，由于受到外围需求减弱的影响，今年第一季的经济成长会放缓下来。
《商业时报》是收集了19位马新经济学家对第一季我国经济成长的预测数据后，总结第一季国内生产总值可达4.8%。
我国在今年首季的出口成长，比去年同期降低了1.4%,同时也比去年的第四季，减少了7.4%。此外，第一季的制造业生产成长率也仅达1.8%，比上一季的4.8%减缓了。
尽管如此，也有经济学家认为，马来西亚在服务业的强劲成长，就可以弥补出口减弱的缺口。《商业时报》引述亚欧美证券银行首席经济学家苏海米的看法时指出，旅游业是我国今年第一季服务业成长的强心剂。马来西亚在今年首五个月，就有890万名游客的到访，比去年同时期增加了25%。
大多数的经济学家都预测，马来西亚的经济在今年下半年会表现更好。由于预计中的通膨率会在下半年，放缓至2%以下，再加上公务员大幅度调薪刺激私人消费；因此经济学家也认为，下半年应该会更好。
Source: http://www.merdekareview.com/news.php?n=4182
国家银行：下半年会更好
【本刊陈子莹撰述】马来西亚国家银行总裁洁蒂今天宣布，我国在今年首季取得5.3%的经济成长率，超出市场预测；经济学家一般都预测，我国在2007年第一季的经济成长会介于4%至5%之间。马来西亚在2006年第一季取得的经济成长是6%。
洁蒂（Zeti Akhtar Aziz，右图）今天会见媒体时表示，尽管第一季的外围需求已减少，对制造业的出口带来一定影响，不过服务业的增长成了第一季经济成长的主要带动力。她接着指出，服务业在今年第一季的成长是9.6%，远远超出其他领域的表现。
服务业成长主要是由消费相关以及金融业的收费服务（fee based services）带动。此外，我国今年所倡导的旅游年，也为国家带来不少的旅客，在带动经济成长方面贡献不少。
制造业放缓 服务业加强
相比之下，在带动我国经济成长，扮演重要角色的制造业，这次只不过取得1.7%。制造业在去年同期取得8.8%的成长，而去年全年的成长为7.1%。制造业成长萎缩，已是许多经济学家的预料中事。全球电子业在今年首季已放缓，导致需求量减低，这尤其对马来西亚这个以电子产品为主要出口的经济体影响甚深。
尽管如此，洁蒂表示，制造业在第一季放缓，显示制造业里的电子业需求降低；不过，这并不只是马来西亚单独面对的问题，这是全球电子业所面对的困境，预计全球电子业将会在今年下半年复苏。事实上，我国制造业里与资源相关的行业，在第一季的表现也不俗。
此外，洁蒂也认为，服务业强劲的表现，绝对可抵消制造业放缓的问题。她预计，在种种有利因素的刺激下，服务业将会继续表现良好，尤其是消费以及金融领域。她预料年中假期季节，我国将会有更多的游客到访，再加上公务员的薪金调升，将有效地刺激国内私人消费。
洁蒂最后提到，除了国内私人消费继续增长，在第九马来西亚计划期间的工程启动，也有助于推动我国下半年的经济成长。因此，国行将会把全年经济成长预测，维持在6%。
另一方面，她也表示，马币近期走强的趋势，在在反映出我国经济的基本实况，预料马币接下来也会逐渐随着国内的经济状况而调整。马币在今年初至今，兑美元的汇率增值了4.2%,兑日园和欧元，则分别增值了6.5%和1.9%。
经济学家预测4.8%
早前马来西亚《商业时报》也曾做过一项抽样调查，新马两地的经济学家预测马来西亚2007年首季的经济成长，可达4.8%。他们兼认为以制造业出口为导向的马来西亚，由于受到外围需求减弱的影响，今年第一季的经济成长会放缓下来。
《商业时报》是收集了19位马新经济学家对第一季我国经济成长的预测数据后，总结第一季国内生产总值可达4.8%。
我国在今年首季的出口成长，比去年同期降低了1.4%,同时也比去年的第四季，减少了7.4%。此外，第一季的制造业生产成长率也仅达1.8%，比上一季的4.8%减缓了。
尽管如此，也有经济学家认为，马来西亚在服务业的强劲成长，就可以弥补出口减弱的缺口。《商业时报》引述亚欧美证券银行首席经济学家苏海米的看法时指出，旅游业是我国今年第一季服务业成长的强心剂。马来西亚在今年首五个月，就有890万名游客的到访，比去年同时期增加了25%。
大多数的经济学家都预测，马来西亚的经济在今年下半年会表现更好。由于预计中的通膨率会在下半年，放缓至2%以下，再加上公务员大幅度调薪刺激私人消费；因此经济学家也认为，下半年应该会更好。
Source: http://www.merdekareview.com/news.php?n=4182
Tuesday, May 29, 2007
Kuala Lumpur shares end morning lower after China's sharp falls
Kuala Lumpur shares end morning lower after China's sharp falls - UPDATE
30/05/2007 13:06:00
KUALA LUMPUR (XFN-ASIA) - Share prices ended the morning session lower, in line
with regional markets, after China's move to raise the stamp duty on securities
trading sparked a 6 pct plunge in the Shanghai composite index, dealers said.
The hike is the latest in a series of efforts by the Chinese government to curb
its rapidly rising stock markets, they added.
The stamp duty was raised to 0.3 pct of the transaction value from 0.1 pct with
immediate effect.
The Kuala Lumpur Composite Index (KLCI) closed down 10.13 points or 0.75 pct at
1,332.87.
The FTSE Bursa Malaysia 30-large cap index lost 69.66 points to 8,522.49, while
the second board index dropped 2.15 points to 99.41.
Losers led gainers 740 to 121, with 197 stocks unchanged and 282 counters
untraded.
Trading volume was 495.351 mln shares, valued at 931.899 bln rgt.
"The local bourse went down following the fall in China's stock markets,
especially the Shanghai and Shenzhen markets,'' noted N. Kaladher, head of
research at TA Securities.
"The local market is basically reacting to what's happening in China,'' he
said.
Kaladher said a lack of fresh leads locally further dampened sentiment.
Wan Suhaimi, an economist at Kenanga Research, said the wider impact of China's
latest move is hard to gauge at the moment although he sees a less potent threat
this time around than the one which caused world markets to crash on Feb 27.
"First of all, the carry trades, especially for yen, were not as pervasive as
before, so on that score, it has become less threatening. Also regional markets
have not been as hot since the Feb 27 sell-down, so again the impact of a sudden
pullout of funds is also diminished,'' he noted.
At the midday break, blue-chips like British American Tobacco (BAT), Bursa
Malaysia and IOI Corp led the losers.
BAT lost 0.50 rgt to 46.0, Bursa shed 0.40 rgt or 3.67 pct to 10.50, while IOI
Corp was down 0.25 rgt at 27.50.
Among index heavyweights, Telekom Malaysia was flat at 10.10, Tenaga rose 0.20
rgt to 11.30 and Maybank dropped 0.20 rgt to 12.0.
Elsewhere, PLUS Expressways lost 0.04 rgt to 3.0 after the firm reported first
quarter earnings that came within market expectations, dealers said.
Malaysian Oxygen was higher after Aberdeen Asset Management Sdn Bhd, which
holds a 9.4 pct stake in the company, reportedly said it does not intend to
accept a takeover offer from Germany's Linde AG.
The stock was up 0.10 rgt at 14.90.
Muhibbah Engineering and E&O succumbed to selling pressure despite posting
stronger quarterly earnings.
Muhibbah lost 0.30 rgt or 3.95 pct to 7.30 and E&O shed 0.01 rgt to 2.99.
Edaran Otomobil Nasional bucked the downtrend and chalked up 0.12 rgt or 3.92
pct to 3.18 after reporting an improvement in its quarterly profits.
At the close of the morning session, the ringgit was traded at 3.3975/4005,
while three-month interbank rates stood at 3.60/61.
Source: Osk Wirenews
30/05/2007 13:06:00
KUALA LUMPUR (XFN-ASIA) - Share prices ended the morning session lower, in line
with regional markets, after China's move to raise the stamp duty on securities
trading sparked a 6 pct plunge in the Shanghai composite index, dealers said.
The hike is the latest in a series of efforts by the Chinese government to curb
its rapidly rising stock markets, they added.
The stamp duty was raised to 0.3 pct of the transaction value from 0.1 pct with
immediate effect.
The Kuala Lumpur Composite Index (KLCI) closed down 10.13 points or 0.75 pct at
1,332.87.
The FTSE Bursa Malaysia 30-large cap index lost 69.66 points to 8,522.49, while
the second board index dropped 2.15 points to 99.41.
Losers led gainers 740 to 121, with 197 stocks unchanged and 282 counters
untraded.
Trading volume was 495.351 mln shares, valued at 931.899 bln rgt.
"The local bourse went down following the fall in China's stock markets,
especially the Shanghai and Shenzhen markets,'' noted N. Kaladher, head of
research at TA Securities.
"The local market is basically reacting to what's happening in China,'' he
said.
Kaladher said a lack of fresh leads locally further dampened sentiment.
Wan Suhaimi, an economist at Kenanga Research, said the wider impact of China's
latest move is hard to gauge at the moment although he sees a less potent threat
this time around than the one which caused world markets to crash on Feb 27.
"First of all, the carry trades, especially for yen, were not as pervasive as
before, so on that score, it has become less threatening. Also regional markets
have not been as hot since the Feb 27 sell-down, so again the impact of a sudden
pullout of funds is also diminished,'' he noted.
At the midday break, blue-chips like British American Tobacco (BAT), Bursa
Malaysia and IOI Corp led the losers.
BAT lost 0.50 rgt to 46.0, Bursa shed 0.40 rgt or 3.67 pct to 10.50, while IOI
Corp was down 0.25 rgt at 27.50.
Among index heavyweights, Telekom Malaysia was flat at 10.10, Tenaga rose 0.20
rgt to 11.30 and Maybank dropped 0.20 rgt to 12.0.
Elsewhere, PLUS Expressways lost 0.04 rgt to 3.0 after the firm reported first
quarter earnings that came within market expectations, dealers said.
Malaysian Oxygen was higher after Aberdeen Asset Management Sdn Bhd, which
holds a 9.4 pct stake in the company, reportedly said it does not intend to
accept a takeover offer from Germany's Linde AG.
The stock was up 0.10 rgt at 14.90.
Muhibbah Engineering and E&O succumbed to selling pressure despite posting
stronger quarterly earnings.
Muhibbah lost 0.30 rgt or 3.95 pct to 7.30 and E&O shed 0.01 rgt to 2.99.
Edaran Otomobil Nasional bucked the downtrend and chalked up 0.12 rgt or 3.92
pct to 3.18 after reporting an improvement in its quarterly profits.
At the close of the morning session, the ringgit was traded at 3.3975/4005,
while three-month interbank rates stood at 3.60/61.
Source: Osk Wirenews
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