Wednesday, November 10, 2010

Today's company notes: fbmklci 1526.98

  • IJM bags RM690m cancer institute contract
  • Salcon secures RM52m contract in Kelantan 
  • Biport hires boats for two companies 
  • PLUS accepts UEM-EPF offer
  • SUPERMX  Shifting to Higher Margin Gloves 
  • YTL Power’s 11% share price spike yesterday reflects excitement ahead of its WiMAX network launch next week rather than privatisation speculation. Earnings impact of this venture is still difficult to quantify, thus we make no changes to our FY11-13 EPS forecasts which already factor in RM60m-80m WiMAX start-up losses.   
  • The Edge FinancialDaily reported on Wednesday Maybank is rumoured to be keen on acquiring OSK Holdings Bhd, which is on an expansion trail in the Asean region, in a move to beef up the former's investment banking arm.
  • Hartalega posted net profit of RM47.09 million in the second quarter ended Sept 30, 2010 from RM33.1 million a year ago as it benefited from an increase in demand and larger production capacity.

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