Bursa Malaysia Forecast

Top 58 Market Forecasts Latest News Alerts.

Affin Keeps AEON At Buy; MYR6.36 Target - (8 Sep 2010)

[Updated] STOCK CALL: Affin Investment keeps AEON Co. Malaysia (6599.KU) at Buy with MYR6.36 target pegged to P/E multiple of 12X on CY11 EPS. Broker says department store operator securing 10-year lease of Penang shopping center suggests store expansion plans on track after slower 2010. Notes AEON

OSK Keeps NTPM As Neutral, MYR0.52 Target - (8 Sep 2010)

[Updated] STOCK CALL: OSK Research keeps NTPM (5066.KU) at Neutral with unchanged MYR0.52 target after tissue paper maker posts net profit for fiscal 1Q ended April 30 of MYR12.4 million (down 12% on-year). "Given that the results were within our expectation, we maintain our FY11 and FY12 earnings f

ECM Starts Media Chinese At Buy, MYR1.20 Target - (8 Sep 2010)

[Updated] STOCK CALL: ECM Libra initiates Media Chinese International (5090.KU) at Buy, target at MYR1.20 based on 12X CY11 P/E. Broker says stock's current valuation at about 8X CY11 P/E "unreasonably cheap" vs other media peers Media Prima (4502.KU), Star (6084.KU) that offer lower net dividend yi

OSK Keeps Evergreen As Buy; MYR2.63 Target - (8 Sep 2010)

[Updated] STOCK CALL: OSK Research keeps Evergreen Fibreboard (5101.KU) as Buy; says stock still provides return of 67% at current price level. Raises target to MYR2.63 from MYR2.59 after revising up FY10 net profit forecast by 5% to MYR123.8 million. Still, house cuts FY11 earnings forecast to MYR1

Vietnam Shares End Down 0.5% On Profit-Taking - (8 Sep 2010)

[Updated] Vietnam shares end down 0.5% at 458.44 as local retailers continue to take profits after key index +8.2% over past 7 sessions. "Some blue chips are still up by more than 10% month-to-date," says trader. Tips strong technical support at 450; thinks local institutions, foreigners may buy ami

AmResearch Keeps Tenaga Nasional At Buy - (8 Sep 2010)

[Updated] STOCK CALL: AmResearch maintains Buy on Tenaga Nasional (5347.KU); keeps fair value at MYR10. Late Tuesday state-owned power utility announced signing of three small renewable energy power purchase agreements to purchase electricity for 21 years, which will increase company's renewable ene

Maybank Raises Gamuda Target To MYR4.38;Keeps Buy - (8 Sep 2010)

[Updated] STOCK CALL: Maybank IB Research raises Gamuda (5398.KU)target to MYR4.38 from MYR3.80, keeps Buy. Target raised as valuation year rolled forward to 2011, to reflect contribution from mass rapid transit, or MRT, project. Maybank says 4Q FY10 results, due end-September, to be within expectat

HwangDBS Downgrades Tanjung Offshore To Hold - (8 Sep 2010)

[Updated] STOCK CALL: HwangDBS Vickers Research downgrades Tanjung Offshore (7228.KU) to Hold from Buy, citing stretched valuations; raises price target MYR1.60 from MYR1.40 after raising its target multiple to 12X FY11 forecast earnings. "Since listing, Tanjung Offshore has been trading at a normal

Etisalat considers Idea for India expansion - (8 Sep 2010)

MUMBAI: Emirates Telecom Corp, the United Arab Emirates' biggest phone company, said it is considering investing in Idea Cellular Ltd to expand its business in the world's second largest wirele

China experts against strong yuan - (8 Sep 2010)

BEIJING: China must resist external pressure for yuan appreciation because a stronger exchange rate would take a big bite out of economic growth, according to a pair of senior government res

EPF size continues growing, good Q2 - (8 Sep 2010)

Malaysia's biggest pension fund reported strong second quarter numbers yesterday but its huge size also has economists and fund managers worried about the fund's long-term growth prospect.

At

HSBC: India-Malaysia trade to hit new pitch - (8 Sep 2010)

NEW DELHI: A top global bank has forecast that India-Malaysia trade will hit a new pitch given the global economic recovery mood and as both traditional trading partners ride on economic prospe

Asia Roundup: Mixed as dealers take profits - (8 Sep 2010)

HONG KONG: Asian markets ended mixed yesterday as traders took profits from a recent rally while a holiday in the US meant Wall Street provided no strong pointers.

The euro came und

Profit-taking weighs on ringgit - (8 Sep 2010)

RINGGIT

THE ringgit closed lower against the US dollar yesterday on profit-taking and in line with the lower share prices on Bursa Malaysia, dealers said.

At the close, the ringg

Tokyo Shares Fall As Yen Surge Darkens Corporate Outlook - (7 Sep 2010)

By Kana Inagaki Of Updated NEWSWIRES TOKYO (Updated)--Tokyo stocks fell sharply Wednesday as the yen's rise to a fresh 15-year high against the dollar clouded the outlook for the country's exporters, despite stepped-up warnings from Japanese aut

UPDATE: Asian Shares Drop; Yen Strength Hurts Japan Exporters - (7 Sep 2010)

(Adds information, quotes, updates/adds market levels) By Colin Ng and Leslie Shaffer Of Updated NEWSWIRES SINGAPORE (Updated)--Asian stock markets were mostly lower Wednesday after Wall Street declined amid

Mâsia exports growth momentum seen to slow - (7 Sep 2010)

KUALA LUMPUR: Despite Malaysiaâs recovery in domestic consumer spending growth, the exports growth momentum has been slowing down recently, notably with the waning base effects starting to kick in, said OSK-DMG Group Economics.

Ringgit climbs to 13-year high - (7 Sep 2010)

The currency strengthened for a fourth day and benchmark stock indexes rose across Asia after a US government report showed private payrolls increased 67,000 in August, more than the 40,000 forecast

S&P lifts BIMB's call to 'buy' - (7 Sep 2010)

Standards and Poor's Equity Research Services (S&P) has raised BIMB Holdings Bhd's call to "buy" from "hold" and the 12-month target price to RM1.50 from RM1.40 on valuation grounds.

In a

India-Malaysia trade to hit new pitch - (7 Sep 2010)

A top global bank has forecast that India-Malaysia trade would hit a new pitch given the global economic recovery mood and as both traditional trading partners ride on economic prosperity.

H

UK manufacturing grows at record pace - (7 Sep 2010)

LONDON: UK factory production grew at a record pace in the third quarter on surging export demand, the Engineering Employers Federation said.

The number of manufacturers saying sales ros

Malaysia's export growth momentum seen slowing down - (7 Sep 2010)

DESPITE Malaysia's recovery in domestic consumer spending growth, the exports growth momentum has been slowing down recently, notably with the waning base effects starting to kick-in, says OSK-DMG Gro

Ringgit reaches13-year high as foreign funds return - (7 Sep 2010)

RINGGIT

THE ringgit closed at its 13-year high against the US dollar yesterday amid foreign funds returning to Malaysia, dealers said.

At 5pm, the ringgit was quoted at 3.1150/120

No bubble yet as Thai builders jump into housing boom - (7 Sep 2010)

BANGKOK: From its business district to leafy suburbs, new condominiums are sprouting almost daily across Bangkok, but developers and investors alike seem little concerned about a property bu

Telenor investors say 'quit India' as venture's losses pile up - (7 Sep 2010)

PARIS: Telenor ASA investors have a piece of advice for Scandinavia's biggest phone company: Quit India.

Nine months after its debut in the Indian mobile-phone market, Telenor has accu

US stocks could start this week with more optimism - (6 Sep 2010)

NEW YORK: US stocks could start this week with investors feeling a bit more optimistic about the economy, thanks to a stronger than expected jobs report, making further market gains more likely.

India to invest US$8.6b in aviation industry - (6 Sep 2010)

NEW YORK: India, the second-fastest growing major economy, plans to invest US$8.6 billion (US$1 = RM3.14) in the aviation industry during the next five years, Minister Praful Patel said.

Foxconn chief slashes growth target by half - (6 Sep 2010)

HONG KONG: Foxconn Technology Group chairman Terry Gou cut his long-term growth target for the world's largest contract manufacturer of electronics by half as demand for Apple Inc iPhones and i

US trade deficit expected to narrow - (6 Sep 2010)

WASHINGTON: The US trade deficit probably narrowed in July as a slowing economy prompted Americans to buy fewer goods from abroad, economists said before a government report this week.

Germany to raise growth forecast to 3pc - (6 Sep 2010)

BERLIN: The German government will lift this year's growth forecast to 3.0 per cent, up from the previous 1.4 per cent, due a stronger than expected recovery, a German newspaper reported Saturd

Should EPF house our money in real estate abroad? - (4 Sep 2010)

Anita Gabriel ponders on the Employees Provident Fundâs move into UK property.

Hedging of jet fuel - (4 Sep 2010)

PETALING JAYA: To hedge or not to hedge? The medium-term volatility of oil prices is giving the aviation sector a headache.

Strong ringgit, attractive UK properties lure EPF and other Malaysians - (4 Sep 2010)

PETALING JAYA: The ringgitâs strength and generally lower property valuations in the UK are drawing more Malaysian investors, both retail and institutional, to London and the latest to make the move is the Employees Provident Fund (EPF).

Gulf oil spill costs BP US$8b - (4 Sep 2010)

LONDON: British oil giant BP said yesterday that the devastating Gulf of Mexico oil spill disaster has cost about US$8 billion (US$1 = RM3.12) so far.

"The cost of the response to

Ringgit hits fresh 13-year high - (4 Sep 2010)

RINGGIT

THE ringgit hit a fresh 13-year high yesterday as sentiment was lifted by better-than-expected export figures for July.

At 5pm, the ringgit was at 3.1200/1220 to the US do

PPB plans flour mill expansion - (3 Sep 2010)

KUALA LUMPUR: PPB Group Bhd, whose main businesses include flour and feed milling as well as consumer products distribution, is planning an expansion of the companyâs flour-milling operations in Indonesia and Vietnam.

Analysts see new high for Malaysia's main market index - (3 Sep 2010)

PETALING JAYA: With four months to go before 2010 ends, a number of brokerages have unveiled their 2011 year-end targets for FTSE Bursa Malaysia KL Composite Index (FBM KLCI).

Asian and US stocks rise on improving US data(update) - (3 Sep 2010)

TOKYO: Most Asian stock markets climbed Friday as investors took heart from a slight improvement in U.S. economic indicators amid lingering worries over the pace of the global economic recovery.

ECM lifts FBM KLCI forecast to1,480 - (3 Sep 2010)

ECM Libra Capital Sdn Bhd raised its year-end forecast for Malaysia’s benchmark FTSE Bursa Malaysia KLCI index to 1,480 from 1,390 after upgrading its earnings forecasts for 15 companies, accord

'BNM may hold key rate for end 2010, 2011' - (3 Sep 2010)

Morgan Stanley said today Bank Negara Malayisa (BNM) may hold its 2.75 per cent benchmark rate for end of 2010 and 2011, as the central bank may have reached the end of policy normalisation cycle earl

Malaysia July exports higher on better E&E demand - (3 Sep 2010)

THE country's exports rose higher than expected in July, led by an improvement in external demand for electrical and electronic (E&E) products.

The International Trade and Industry Ministry (M

Ringgit steadier as investor worries wane - (3 Sep 2010)

RINGGIT

THE ringgit closed higher against the US dollar yesterday following a weaker greenback globally, dealers said.

At 5pm, the ringgit strengthened against the greenback to 3.

Tradewinds: Buy, target price RM4.40 - (3 Sep 2010)

STANDARD & Poors (S&P) raised Tradewinds (M) Bhd's (4421)2010-2011 earnings forecast by 3

Naim: Maintain Buy, target price RM3.90 - (3 Sep 2010)

MIDF Research has maintained its "Buy" call on Naim Holdings Bhd (5073)with target price un

SapuraCrest: Buy, target price RM3.12 - (3 Sep 2010)

AMRESEARCH Sdn Bhd reiterated its "Buy" call on SapuraCrest Petroleum Bhd (8575)with an unch

Southeast Asia drinks industry sparkles - (3 Sep 2010)

SINGAPORE/TOKYO: Global drinks firms, thirsty for acquisitions to expand their offerings and reach, are eyeing assets in Southeast Asia, as tough regulatory hurdles quash their interest in gian

Asia Roundup: US data boost stock exchanges - (3 Sep 2010)

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Heinz looks to emerging markets for growth - (3 Sep 2010)

CHICAGO: HJ Heinz Co chief executive William Johnson said the global economy was in the worst state he has seen during his 35 years in the consumer goods industry and that he would focus on d

Hari Raya boost for vehicle sales in August - (2 Sep 2010)

PETALING JAYA: Local automotive companies are optimistic that vehicle sales in August would be boosted by the Hari Raya holidays next week.

Vivendi raises profit target on strong H1 results - (2 Sep 2010)

PARIS: Europeâs largest telecom and entertainment group Vivendi raised its annual profit targets after posting first-half forecast-beating results, boosted by its new Brazilian telecoms unit and video games.

Stock valuations not getting any cheaper - (2 Sep 2010)

PETALING JAYA: Most leading Malaysian firms, led by the big banks, posted robust growth in profits in the three months ended June 30, with quite a few exceeding forecasts.

Oil creeps above US$72 in Asia Wednesday(update) - (1 Sep 2010)

SINGAPORE: Oil prices rose slightly to above US$72 a barrel Wednesday in Asia after a steep drop the previous day amid evidence that U.S. crude supplies remain high and demand weak.

Singapore economy seen growing 15% in 2010 - (1 Sep 2010)

SINGAPORE: Singapore's economy will likely expand at a record pace this year as a surge in demand for the city-state's exports fuels manufacturing, according to a central bank survey of analysts.

Japan said Tuesday industrial output rose 0.3% in July - (31 Aug 2010)

TOKYO: Japan's industrial production in July unexpectedly rose for the first time in two months, as companies bolstered output despite signs of a slowing global economy.

Maxis makes strong turnaround in Q2 - (31 Aug 2010)

KUALA LUMPUR: Maxis Bhd posted a net profit of RM532mil for the second quarter ended June 30 against a net loss RM32mil a year earlier. Its revenue for the quarter rose to RM2.19bil versus RM1.79bil previously.

Is QL Resources in for more M&As? - (30 Aug 2010)

QL Resources Bhd, which announced its merger and acquisition (M&A) exercise last Monday, has been in the spotlight as there is wide speculation going around that the company might be pursuing more M&As going forward.

Bernanke: Recovery softer, US Fed ready to act - (30 Aug 2010)

WYOMING: US Federal Reserve chairman Ben Bernanke said on Friday the economic recovery has weakened more than expected and the Fed stands ready to act if needed to spur slowing growth.

S Korea Won Up Late On BOK Rate Hike Expectations; Bonds Rise - ()

Eleven of 16 economists and fixed-income analysts recently surveyed by forecast the BOK would raise the benchmark interest rate by 25 basis points to 2.50% to tame growing inflationary pressures.