Glove sectorMaintain positive: Year-to-date (until June 25, 2014) the price of West Texas Intermediate (WTI) crude oil has risen by 8.4%. Historically, the prices of crude oil, nitrile and latex are closely correlated.

Glove sectorMaintain positive: Year-to-date (until June 25, 2014) the price of West Texas Intermediate (WTI) crude oil has risen by 8.4%. Historically, the prices of crude oil, nitrile and latex are closely correlated.

Uzma Bhd(June 26, RM3.72) Maintain buy with target price of RM4.19: Uzma’s share price went ex for its rights issue on June 24, 2014. To recap, Uzma had proposed a renounceable rights issue of up to 132 million right shares on the basis of one rights share for every one existing share at 75 sen per share.

Uzma Bhd(June 26, RM3.72) Maintain buy with target price of RM4.19: Uzma’s share price went ex for its rights issue on June 24, 2014. To recap, Uzma had proposed a renounceable rights issue of up to 132 million right shares on the basis of one rights share for every one existing share at 75 sen per share.

SKP Resources Bhd(June 26, 52.5 sen)Maintain trading buy with target price of 57 sen: SKP faced a challenging financial year 2014 ended March 31 (FY14) when earnings took a dent due to weak orders from its main customer Dyson, a British technology company that designs household appliances.

SKP Resources Bhd(June 26, 52.5 sen)Maintain trading buy with target price of 57 sen: SKP faced a challenging financial year 2014 ended March 31 (FY14) when earnings took a dent due to weak orders from its main customer Dyson, a British technology company that designs household appliances.

US STOCK MARKETS climbed on Wednesday as investors speculated whether the American economy is recovering from a first-quarter contraction. The US Treasuries also advanced while the greenback fell. The SP 500 Index gained 9.55 points to close at 1,959.53 points while the Dow Jones Industrial Average rose 49.38 points to end at 16,867.51.

US STOCK MARKETS climbed on Wednesday as investors speculated whether the American economy is recovering from a first-quarter contraction. The US Treasuries also advanced while the greenback fell. The SP 500 Index gained 9.55 points to close at 1,959.53 points while the Dow Jones Industrial Average rose 49.38 points to end at 16,867.51.

MELBOURNE: Mulpha International Bhd is suing Singapore’s Stamford Land Corp Ltd in a Sydney court today over the redevelopment of the Sir Stamford Hotel at Sydney’s Circular Quay.

KUALA LUMPUR: Gabungan AQRS Bhd, a construction services provider and property developer, is currently tendering for construction projects worth more than RM1 billion.

Chief executive officer Ng Chun Kooi said the group hopes to strengthen its current order book of RM1.9 billion further by actively participating in the tender for numerous high-impact construction projects nationwide.