Market update 4 September 2013

China August data shows the sign of stabilization after the government’s policy to encourage investment and strengthen its hand to push through reform plans. The government has forecast growth of 7.5 percent this year, which would be the lowest in more than 20 years. JPMorgan

4 September 2013

Inflation expected to raise for another 0.5% after the hike in fuel prices since 3 September 2013. The expected inflation of 2.3% however, still in the targeted range of 2% to 2.5% set by Bank Negara Malaysia. IRCB (Integrated Rubber Corporation Bhd) clears all its

2 September 2013

Mudajaya plan into a joint ventures with its sister company, Mulpha land for the development of Tropicana  Land. The land that measures about 6.41 acre has the potential GDV of RM700m for mixed residential or commercial development. In this venture, Mudajaya will have a 49% stake

Airasia (5099)

31-Aug-2013 Airasia has declined for almost a month in the past, especially when foreign investors are dumping our stocks recently. Airasia is Currently is in 6 months low and thr RSI is in oversold region. The major support is around RM2.40 and on 29 August it rebound

30 Aug 2013

Ipoh Garden Berhard, IGB net profit hikes 9% YoY in 2Q, the growth of property was from its property and hotel division.   Genting Plantation Bhd (GENP), proposed to declare a special interim cash dividend of RM0.44 less 25%   tax for every share of GENP