Bursa Malaysia Consolidation

Top 58 Market Consolidation Updates Latest News Alerts.

Parkway â an expensive investment with good potential - (31 Jul 2010)

WITH Khazanah Nasional Bhd potentially forking out a whopping S$3.5bil (RM8.2bil) to acquire all the shares in Singaporeâs Parkway Holdings Ltd they donât already own, is it getting its moneyâs worth?

Prudential UK eyes P&O takeover - (31 Jul 2010)

PETALING JAYA: Prudential UK is believed to have submitted an application to Bank Negara to commence talks on the potential acquisition of local general insurance company, Pacific & Orient Bhd (P&O).

FBM KLCI breaches key resistance level - (31 Jul 2010)

THE FTSE Bursa Malaysia Kuala Lumpur Composite Index (FBM KLCI) staged another follow-through rebound for the week just ended yesterday. It continued to stay above its psychological resistance of 1,30

Hong Kong: Index ends flat after early loss - (30 Jul 2010)

STOCKS closed flat yesterday as bargain-hunters took advantage of early losses caused by a weak Wall Street lead.

The benchmark Hang Seng Index rose 2.64 points to 21,093.82.

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Measat makes it hattrick for tycoon Ananda Krishnan - (29 Jul 2010)

PETALING JAYA: Tycoon T. Ananda Krishnan is going for his third major corporate exercise in less than a year, this time involving the privatisation of Measat Global Bhd â at a cash offer price of RM4.20 or about RM668mil.

US stocks fall on weak economic data - (29 Jul 2010)

NEW YORK: The US stock market swung lower Wednesday after a Federal Reserve report signaling a slowing economic recovery and news that orders for big-ticket items sank in June prompted consol

Hong Kong: Index ends above 21,000 level - (29 Jul 2010)

STOCKS rose 0.56 per cent yesterday, boosted by banking stocks following news that a planned tightening of regulations for the global industry had been watered down.

The benchmark Hang Seng

YHS Q2 loss on impairment costs - (28 Jul 2010)

KUALA LUMPUR: Yeo Hiap Seng (M) Bhd incurred a pre-tax loss of RM7.59mil for its second quarter ended June 30 compared with a pre-tax profit of RM2.92mil in the same period last year.

Analysts play down Perodua-Proton merger - (27 Jul 2010)

KUALA LUMPUR: Perusahaan Otomobil Kedua Sdn Bhd (Perodua) would likely scupper any attempts to merge with Proton Holdings Bhd as there would be little benefit for the second national carmaker to enter that marriage.

Yeo Hiap Seng sees RM7.6m Q2 pretax loss - (27 Jul 2010)

Yeo Hiap Seng (M) Bhd recorded a pre-tax loss of RM7.591 million for its second quarter ended June 30 compared to a pre-tax profit of RM2.920 million posted in the same period last year.

Sony seen back in the black in first quarter - (27 Jul 2010)

TOKYO: Japan's Sony is likely to have swung back in the black in the first quarter with operating profit reaching 30 billion yen (100 yen = RM3.64) due to aggressive cost-cutting, a report said

'Results show banking system solid' - (27 Jul 2010)

LJUBLJANA: Results of stress tests on European banks proved the banking system was solid, Luxembourg Premier Jean-Claude Juncker, who heads the group of eurozone finance ministers, said here

'Proton-Perodua merger can boost industry' - (26 Jul 2010)

MERGING Proton (5304) and Perodua into a single entity will be a step forward to boost the M

Mardec plans South-East Asia expansion - (26 Jul 2010)

KUALA LUMPUR: Rubber processor Mardec Bhd plans to expand its overseas investments via new rubber processing plants and acquisition of rubber plantations in South-East Asia, said chief executive officer Khalid Bahsoon.

Proton vendors back merger - (26 Jul 2010)

KUALA LUMPUR: Merging Proton Holdings Bhd and Perusahaan Otomobil Kedua Sdn Bhd (Perodua) into a single entity will be a step forward to boost the Malaysian automotive industry, according to the Proton Vendors Association.

KL bourse's upward momentum intact - (26 Jul 2010)

The local stock market extended gains for a third week, shored up by recently listed small-cap stocks, especially in the consumer sector, which rose sharply as investors returned to bargain hunt after

FBM KLCI futures turn bullish - (26 Jul 2010)

THE FTSE Bursa Malaysia Kuala Lumpur Composite Index (FBM KLCI) futures spot month contract on Bursa Malaysia Derivatives closed at 1,354 last Friday with an open interest of 19,539 contracts.

'Time for Proton, Perodua to look at merger' - (25 Jul 2010)

Merging Proton and Perodua into a single entity will be a step forward to boost the Malaysian automotive industry, according to the Proton Vendors Association (PVA).

Its president Datuk Dr Wan

FBM KLCI stages follow-through rebound - (24 Jul 2010)

i>The subject expressed above is based on technical analysis and opinions of the writer. It is not a solicitation to buy or sell.

Tracoma reprimanded - (23 Jul 2010)

BURSA Malaysia Securities Bhd has publicly reprimanded Tracoma Holdings Bhd for submitting its annual audited accounts late.

Its deadline was April 30 2010 but it submitted the accounts on

Bursa reprimands Tiger, Tracoma - (23 Jul 2010)

PETALING JAYA: Bursa Securities has publicly reprimanded Tiger Synergy Bhd and Tracoma Holdings Bhd for breaching Main Market listing requirements.

Bursa reprimands Tracoma, Tiger Synergy - (22 Jul 2010)

Bursa Malaysia Securities Bhd (Bursa Securities) has publicly reprimanded Tracoma Holdings Bhd and Tiger Synergy Bhd.

The reprimand for Tracoma is for breach of paragraph 9.23(2) of the Main

No need to consolidate M'sian auto industry, says Aishah - (21 Jul 2010)

PETALING JAYA: The Malaysian Automotive Association (MAA) president has poured cold water on the need to consolidate the local automotive industry as most car companies, with the exception of Proton Holdings Bhd, are operating well above capacity.

Dust settles at Petra Perdana - (21 Jul 2010)

SHAREHOLDERS of Petra Perdana Bhd (7108) have re-elected four directors and approved Lembaga

National Australia, AXA and unit extend deadline - (20 Jul 2010)

SYDNEY: National Australia Bank, takeover target AXA Asia Pacific and France's AXA SA agreed to extend a US$11.5 billion (US$1 = RM3.23) acquisition agreement to August 31, signalling they were

FBM KLCI futures at crossroads - (19 Jul 2010)

THE FTSE Bursa Malaysia Kuala Lumpur Composite Index (FBM KLCI) futures spot month contract on Bursa Malaysia Derivatives closed higher at 1,339.50 with an open interest of 18,310 contracts last week.

US and local markets face upward bias this week - (19 Jul 2010)

THE local stock market is expected to be range-bound with an upward bias as US and local corporate earnings due out this week may surprise on the upside, according to analysts.

Small-caps to grab limelight on Bursa - (19 Jul 2010)

Share prices on Bursa Malaysia rose a for a second week, lifting the blue-chip benchmark index to a two-month high while small-cap stocks staged a strong comeback by late week as retail participation

Rotational plays in lower liners - (17 Jul 2010)

THE FTSE Bursa Malaysia Composite Index (FBM KLCI) staged a follow-through technical rebound for the week ended yesterday, continuing to stay above its psychological resistance of 1,300 points when i

Toronto G-20 Summit reflects fragile unity - (17 Jul 2010)

Lin See-Yan opines that the Toronto G20 Summit reflects fragile unity.

A mild upward bias - (17 Jul 2010)

TREND ANALYSIS - By K.M. LEE

Support Line - (15 Jul 2010)

By K.M.Lee

Proton to help buyers amid higher rates - (15 Jul 2010)

PROTON Holdings Bhd is in discussion with banks and financial institutions to mitigate the impact of higher interest rate to consumers, said Group Managing Director, Syed Zainal Abidin Syed Moham

Paper to address gas supply issues to be presented to Cabinet soon - (15 Jul 2010)

A COMPREHENSIVE paper to solve issues affecting natural gas supplies to industries in Malaysia will be presented to the Cabinet soon.

The paper is being prepared jointly by the Ministry of Int

Bumper soybean reap may cap CPO rebound - (14 Jul 2010)

PETALING JAYA: A bumper soybean harvest in South America may limit a recent rebound in crude palm oil (CPO) prices.

Emivest stages breakout - (14 Jul 2010)

SHARE prices on Bursa Malaysia extended their technical rebound for the sixth consecutive trading day yesterday.Advancing counters outpaced declining ones by 363 to 284.

The FTSE Bursa Mal

S&P warnsJapan of possible debt rating cut - (13 Jul 2010)

TOKYO: Standard & Poor's (S&P) warned yesterday it might lower Japan's credit rating if Tokyo fails to implement "meaningful" fiscal reform plans, after a weekend election raised the spectre

Up to auto industry to decide on consolidation - (13 Jul 2010)

THE government will leave it to the local automotive industry stakeholders to decide on the model of consolidation they wish to undertake, International Trade and Industry Minister Datuk Seri Mustapa

Markets see return of confidence - (12 Jul 2010)

SHARE prices on Bursa Malaysia are likely to open higher today, taking its cue from the strong close last Friday on Wall Street and regional markets as confidence of world economic recovery returns.

Dubai's 2 stock exchanges team up - (12 Jul 2010)

DUBAI: Dubai's two stock markets moved closer together yesterday by linking their trading platforms in a bid to boost the number of shares changing hands.

While it remains a separate

MITI: Talks on auto consolidation have begun - (12 Jul 2010)

THE Ministry of International Trade and Industry (MITI) will leave it to the local automative players to determine the model for the consolidation of their industry.

"The model is up to

Airline alliance set to receive EU anti-trust clearance - (12 Jul 2010)

BRUSSELS: British Airways (BA), American Airlines (AA) and Iberia are set to win EU anti-trust clearance this week to deepen their Oneworld alliance, two people with direct knowledge of the mat

Eye on stock - (10 Jul 2010)

SCOMI Marine Bhd

mode - (10 Jul 2010)

TREND ANALYSIS - By K.M. LEE

Right time for auto firms to merge: Proton MD - (10 Jul 2010)

It is the right time now to undertake the process of consolidation among local automotive companies, especially if there is overcapacity in the industry.

Proton Group Holdings Bhd managing d

FBM KLCI stages rebound - (10 Jul 2010)

THE FTSE Bursa Malaysia Composite Index (FBM KLCI) rebounded across the board over the last five trading days. It continued to stay above its psychological resistance of 1,300 points when it closed at

Syabas bondholders worry over revamp delay - (9 Jul 2010)

PETALING JAYA: Syarikat Bekalan Air Selangor Sdn Bhdâs (Syabas) bondholders are concerned over the deadlock in Selangor water asset consolidation and may ask the Federal Government to step in to resolve this once and for all, industry sources said.

Fitch affirms long-term foreign currency IDR - (9 Jul 2010)

KUALA LUMPUR: Fitch Ratings yesterday affirmed Malaysiaâs long-term foreign currency issuer default rating (IDR) at A- with a stable outlook.

phase - (3 Jul 2010)

By K.M. LEE.

Local bourse marginally lower at midday - (28 Jun 2010)

KUALA LUMPUR: The local bourse was marginally lower at midday trade against a backdrop of little new developments in the market today.

OCBC maintains Malaysiaâs GDP at 6.7% this year - (26 Jun 2010)

KUALA LUMPUR: Singapore-based Oversea-Chinese Banking Corp Ltd (OCBC) is maintaining Malaysiaâs economic growth for the year at 6.7% on higher commodity exports, Government spending and better overall fundamentals.

Selangor water assets plan sees light - (26 Jun 2010)

After a two-year deadlock, it would appear that the proposed consolidation of water assets in Selangor could finally be concluded soon.

Tradewinds to trim stake in Bernas to cut RM2.9bil debts - (23 Jun 2010)

KUALA LUMPUR: Tradewinds (M) Bhd will trim its stake in Padiberas Nasional Bhd (Bernas) to shed some debts, but there is little the food and commodities producer can do about the high level of trade receiveables due to the nature of its business, according to chairman Datuk Wira Syed Abdul Jabbar Syed Hassan.

PETALING JAYA: Renewed hopes for an amicable… - (22 Jun 2010)

PETALING JAYA: Renewed hopes for an amicable solution in the plan to consolidate water assets in Selangor gave a boost to shares in concessionaires Puncak Niaga Bhd and Kumpulan Perangsang Selangor Bhd (KPS).

Takeover battle for Parkway pits two different cultures - (19 Jun 2010)

Khazanah faces off with Indiaâs billionaires.

In for a bumpy ride: maybe a double-dip? - (19 Jun 2010)

Lin See-Yan says poor political decisions pose the highest risk to global sustainability.

Local banks ready to compete - (19 Jun 2010)

PETALING JAYA: The entry of five new foreign banks will heighten competition but industry players are expected to hold their own due to their entrenched positions, extensive branch networks and familiarity with the domestic banking environment.

Sime's Bakke has vast expertise - (15 Jun 2010)

PETALING JAYA: The appointment of Datuk Mohd Bakke Salleh as Sime Darby Bhdâs new president and group chief executive comes exactly one month after his predecessor, Datuk Ahmad Zubir Murshid, was asked to take a leave of absence by the groupâs board of directors pending an investigation.

Parkway â an expensive investment with good potential - (31 Jul 2010)