DOW J: ⬆44.93 (Holiday)
WTI CRUDE OIL: 49.58
BRENT CRUDE OIL: 49.76
(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.