Category Archives: Trader’s Notes

Market updates 4 October 2013

Market updates MWE Holdings Bhd has completed its acquisition of 115.4m shares (22.1% stake) in Kumpulan Europlus Bhd (KEuro). attracted by its RM5bn West-coast expressway project and its 50% stake in the RM10bn Bandar Rimbayu near Kota Kemuning, Shah Alam. Malaysian Resources Corp Bhd (MRCB) has accepted the

Market updates 3 october 2013

Market updates IOI Corporation Bhd has launched a RM1bil takeover of Unico-Desa Plantations Bhd at RM1.17 a share. Its unit IOI Plantations Bhd had acquired 339m Unico shares or 39.5% for an RM396.6m cash consideration. IOI Plantations acquired exceeded 33% voting shares in Unico after the

Market updates 2 October 2013

Overnight updates Stocks edges higher on the first day of a partial government shutdown. U.S. manufacturing expanded at the fastest pace in 2.5 years last month. This is an encouraging sign for better economy growth and hiring in the near future. Manufacturer received new orders

Market updates 1 October 2013

Overnight update U.S. Stock drops at monday as wall street worried that a budget fight could lead to failure to raise the nation’s borrowing limit.  Dow drop 110.37 points, S&P 500 and Nasdaq drop 8.45 points and and 8.17 points respectively. Gold and oil fell about 1%. China manufacturing activities grew more slowly

Market updates 30 September 2013

Market updates Eastern & Oriental (E&O) Bhd is aiming to generate RM1.5bn in sales over the next three years vs present sales at about RM1bn. E&O has a non-binding MOU with its 32% shareholder Sime Darby Bhd to acquire some 135 acres of land in