FBMKLCI: 1506.05 DJ +22.32 CRUDE OIL: 82.35 RM: 3.087

Dr M cautious about hot money, rising KLCI
Tun Dr Mahathir Mohamad has expressed caution over the rapid increases in the FBM Kuala Lumpur Composite Index and the entry of "hot" foreign money into the equities. He said just as increases in investments push up share prices and the KLCI, rapid or massive divestments will push down the share prices and index.

Zelan sinks deeper into red
Zelan Bhd sank deeper into the red with losses of RM35.1 million, surpassing its revenue of RM30.70 million in the second quarter ended Sept 30, 2010 following cost overruns at its overseas projects.

Tan Chong 3Q net profit up 43% to RM49.34m
Tan Chong Motor Holdings Bhd recorded a 43.3% increase in net profit of RM49.34 million for the third quarter ended Sept 30, 2010 from RM34.43 million a year ago but it was more cautious in the remaining part of the year.

MRCB said it is currently considering various corporate proposals, responding to a Business Times report the property developer may merge with IJM Land Bhd.Further announcements will be made in due course, the company said in a statement to the Kuala Lumpur stock exchange on Nov. 19. The company didn’t elaborate.
 

Kimlun  posted net profit RM8.39 million for the third quarter ended Sept 30, 2010 on the back of revenue RM119.41 million mainly due to a higher contribution from the CONSTRUCTION segment.

QSR reported net profit of RM26.20 million in the second quarter ended June 30.  It has cash and cash equivalent of RM121 million while receivables and deposits are RM173.86 million. QSR is a subsidiary of Kulim.

Sinotop posted net loss RM6.46 million in the third quarter ended Sept 30, 2010 mainly due to impairments and unrealised loss on foreign exchange.