|
| Today's News Headlines |
| |
|
| |
- Malaysian Airline System’s (MAS) renounceable rights issue of 1.67bn new shares were oversubscribed by 7.67%.
- YTL Corp's wholly-owned subsidiary, YTL Hotels & Properties Sdn Bhd, has entered into an acquisition agreement to acquire a new subsidiary in Japan.
- BHP Billiton has signed a coking coal deal with Indian steelmakers at USD200 per tonne, up 55% from last year’s prices.
- Crude palm oil prices may rise in the first half of the year as drier-than-usual weather curbs output.
- Taiwan’s exports rose 32.6% y-o-y in Feb 10.
- Malaysia Airlines has withdrawn its USD35.5m civil suit against Air Maldives (AML) following an agreement reached with the Maldives government.
- Malaysia Airlines will offer two additional direct flights from Kuala Lumpur to Paris, starting 28 Mar 10.
- Sime Darby Property expects its MYR30bn Sime Darby Vision Valley (SDVV) to be its future growth driver.
- Genting Singapore’s Resorts World Sentosa will open Universal Studios Singapore to the public on 18 Mar 10.
- The U.S. unemployment rate remained at 9.7% in Feb 10.
- Taiwan’s consumer prices rose 2.4% y-o-y in Feb 10.
- Malaysia’s exports rose 37.0% y-o-y to MYR52.5bn in Jan 10.
- Bursa Malaysia expects the trading volume of its palm oil futures (FCPO) to grow by at least a third this year.
- Maxis plans to triple the number of subscribers in Sabah and Sarawak to 1m collectively by expanding its network coverage in the two states.
- ANZ has received approval from the Reserve Bank of India to open a branch in India.
- Tencent has commenced building a data storage center in Tianjin, China.
- U.S. factory orders rose 1.7% m-o-m in Jan 10.
- The European Central Bank kept its benchmark interest rate at 1.0%.
- The Bank of England kept its benchmark interest rate at 0.5%.
- Hong Kong’s retail sales rose 6.6% y-o-y to HKD29.3bn in Jan 10.
- Axiata is considering paying a dividend from 2011 as improving business conditions have helped bolster its balance sheet, its CEO Jamaludin Ibrahim said.
- Edaran Tan Chong Motor said all its models sold in Malaysia are not affected by the recall in the U.S.
- Maxis will build over 180 new sites this year to enhance its network coverage in Sabah, East Malaysia.
- SP Setia has increased its sales target for its financial year ending 31 Oct 10 from MYR1.65bn to MYR2bn.
- Supermax has proposed a 1-for-4 bonus issue.
- China Mobile confirmed that it is in talks with Shanghai Pudong Development Bank (SPDB) for a strategic investment in the bank.
- Toyota’s U.S. sales fell 9% m-o-m in Feb 10.
- Bank Negara Malaysia raised the Overnight Policy Rate (OPR) by 25bps to 2.25%.
- European retail sales fell 0.3% m-o-m in Jan 10.
- Australia’s GDP expanded 2.7% y-o-y in 4Q09.
- South Korea’s factory output rose 36.9% y-o-y in Jan 10.
|
| Market Review |
| |
|
| |
- The FBMKLCI rose 0.78%, led by Sime Darby (+0.13), CIMB (+0.14) and IOI Corp (+0.08).
- The HSI rose 0.74, led by Tencent Holdings (+HKD3.80), CNOOC Ltd (+HKD0.14) and China Life (+HKD0.30).
- Asian Markets Close: FBMKLCI 1,328.22 (+0.78%), HSI 21,208.29 (+0.74), STI 2,862.29 (+0.80%) and Nikkei 10,563.92 (-0.04%).
- Toyota's Close: JPY 3445 (-50)
- U.S. Markets Close: Dow 10,564.38 (+0.11%), S&P 1,140.45 (+0.17%) and NSDQ 2,340.68 (+0.36%).
|
|
|
|
