Stock news





GLOBAL ♦
May 31

DOW J:  ⬆44.93 (Holiday)

WTI CRUDE OIL:  49.58
⬆0.25/0.51%

BRENT CRUDE OIL:  49.76
⬆0.44/0.89%

USD/MYR:  4.11
(Good for export oriented counters)

CORPORATE NEWS ♦

*SENDAI reported a 1QFY16 net loss of RM50.43 million compared with a net profit of RM19.4 million a year earlier.

*KIMLUN net profit for the 1QFY16 increased to RM17.1 million ⬆ 21.2%.

*MYEG saw its net profit ⬆ 73.62% to RM33.11 million in the 3QFY16 from RM19.07 million a year ago, as revenue climbed near 80%.

*SUMATEC profit ⬇ 88.6% to RM2.24 million in the 1QFY16 from RM19.73 million in 1QFY15.

*GCB and Teoh Boon Hak plan to dispose of a 70% equity interest in GCB Specialty Chocolates Sdn Bhd (GCBSC) to Singapore's Fuji Oil Asia Pte Ltd, for RM12.81 million, cash.

*KSTB have proposed to the board to undertake a selective capital repayment (SCR) to take the Practice Note 16 company private at 42 sen per share, three sen below the last traded price of 45 sen.

*Inter-Pacific Securities Sdn Bhd, the independent adviser for the takeover offers for Petaling Tin Bhd and Karambunai Corp Bhd, has recommended that shareholders reject both offers.

http://aimthebull.blogspot.my/2016/05/stock-news_31.html