GLOBAL ♦
May 25
DOW J: ⬆213.12
WTI CRUDE OIL: 49.10
⬆1.02/2.11%
BRENT CRUDE OIL: 49.07
⬆0.72/1.29%
USD/MYR: 4.11
(Good for export oriented counters)
CORPORATE NEWS ♦
*UMW its net profit ⬇ 90% to RM16.58 million in the 1QFY16.
*PETRONM net profit for the 1QFY16 also ⬇ 70.7% to RM16.6 mil.
*GENTING net profit in its 1QFY16 ⬇ 78.9% to RM130.83 million.
*KOSSAN net profit ⬆ by 12.89% to RM51.31 million in the 1QFY16.
*AAX reported a second consecutive profitable quarter, with a net profit of RM179.49 million for the 1QFY16.
*AJI net profit ⬆ 15.95% to RM6.59 million for the 4QFY16.
*IGB, meanwhile, posted a net profit of RM51.81 million in the 1QFY16 ⬇ 20.5% from RM65.15 million a year earlier.
*HLFG its net profit fell to RM315.07 million in the 3QFY16 ⬇ 13%.
*FGV slipped into the red in its 1QFY16 with a net loss of RM65.54 million compared to a net profit of RM3.58 million a year ago.
*ANNJOO has proposed a renounceable rights issue of up to 125.14 million new redeemable convertible cumulative preference shares (RCPS) on the basis of one RCPS for every four existing ordinary shares held, to raise up to RM62.57 million for working capital.
http://aimthebull.blogspot.my/2016/05/stock-news_25.html
