FBMKLCI 1500.98 DJ +19.68 CRUDE OIL 89.28 RM 3.117

New stock listing

No.  Stock  Code    Stock Name     Reference Price      Lower Limit     Upper Limit

1.    0163                CAREPLS           0.023                         0.005             1.15

BSKL is expected to trade higher this week with the benchmark FTSE Bursa Malaysia Kuala Lumpur Composite Index (FBM KLCI) likely to move towards 1,530 with a strong upside momentum, dealers said. Affin Investment Bank head of retail research, Dr Nazri Khan, said despite profit-taking last week, the benchmark index was likely to get positive spillover from the improving US and Europe. We believe that global tensions have already been factored in by the correction seen last week. We can sense that the flip-flop hot money obviously is making a comeback with year-end bargain-hunting driving the local stocks higher, he said.

Kencana proposed to raise funds via:

1. a proposed issuance of up to 5-year RM350m nominal value Islamic          Securities with detachable warrants on a “bought deal” basiswith AmInvestment Bank as the primary subscriber;
2. a proposed offer for sale by the primary subscriber of the provisional rights to the allotment of the Kencana warrants at an issue price to be determined later.
3. a proposed 10% private placement of new ordinary shares of RM0.10 each in Kencana. In addition, Kencana also proposed to increase its authorised share capital from RM200m divided into 2bn ordinary shares of RM0.10 each to RM300m divided into 3bn shares.

Myagri Group of Companies, an agro-biotechnology outfit, plans to list its unit either on the local or a foreign bourse to raise RM30 million to finance its expansion plans. Myagri helps oil palm plantations convert their waste at the mill into organic matter, enriching it with bio fertiliser microbes. This produces organic fertilisers that are not just good for crops but also protects their health.

The former executive director of Johor Port, Abdul Khalid Khan Lal Khan, is set to lead a revamp of Tanjung Langsat Port (TLP), which will include the set-up of a free trade zone. According to sources, Abdul Khalid will take over the running of TLP to make it a full-fledged container port that will tap the demand in Pasir Gudang. Currently, TLP, now owned by Johor Corp, is operating as a private jetty. It was set up with the aim of making it the largest biodiesel hub in the world.

DiGi.Com announced that the domestic roaming agreement between its wholly-owned unit DiGi Telecommunications SB and U Mobile SB has been terminated yesterday. The agreement was in relation to giving U Mobile access to DiGi Telecommunications’ 2G GSM network for the provision of public telecommunications services in Malaysia.

Ramunia Holdings Bhd's unit O&G Works Sdn Bhd (OGW) is teaming up with Dongnam  Marine  Crane  Co Ltd (DMC) from South Korea to undertake the joint manufacturing of cranes.