A “Tactical” Play In A News Flow Driven Market
Penang BN to meet Najib on Penang Bridge toll hikePenang BN to meet Najib on Penang Bridge toll hike
KUALA LUMPUR: The Penang Barisan Nasional leadership will meet the prime minister to discuss the Penang Bridge toll hike issue on its own instead of jointly with Chief Minister Lim Guan Eng.
Penang BN chairman Tan Sri Dr Koh Tsu Koon told reporters at parliament lobby yesterday that he had declined Lim’s invitation to “protest” the imminent toll hike.
TOKYO: Average land prices in Japan fell 8.0% in the year to January 1, the biggest drop in more than a decade, a government agency said, in a sign the country's real estate market is still reeling from the global financial crisis.
SYDNEY: Australia's retail sales grew at a pedestrian pace in May, while approvals to build new homes fell sharply for a second month, adding to investor expectations that interest rates would stay on hold this month, if not for longer.
1QFY11 : Safe harbour in this bay
KUALA LUMPUR: Kumpulan Europlus recorded a net loss of RM3.4 million for its first quarter ended April 30, 2010 compared to a net profit of RM250,000 a year ago, it announced on Bursa Malaysia on Wednesday, June 30.
“The loss for the quarter was due to higher finance cost and lower other income, mitigated by lower operating expenses,” the Group said.
KUALA LUMPUR: Talam Corporation Bhd's (Talam Corp) net profit for its first quarter ending April 30, 2010 dropped 30% to RM1.6 million from RM2.2 million the previous year, it said in a filing to Bursa Malaysia on Wednesday, June 30.
Its revenue meanwhile dropped 62% to RM23.3 million from RM61.4 million a year ago.
KUALA LUMPUR: Jaks Resources's net profit for the second quarter ending April 30, 2010 rose 470% to RM890,000 compared to RM142,000 reported in the same quarter last year, the company said in a filing to Bursa Malaysia on Wednesday, June 30.
However, revenue in the quarter dropped 33% to RM54.68 million from RM81.312 million in the same quarter the year before.