GLOBAL ♦
May 27
DOW J: ⬇23.22
WTI CRUDE OIL: 49.48
⬇0.08/0.16%
BRENT CRUDE OIL: 49.45
⬇0.29/0.58%
USD/MYR: 4.06
(Good for export oriented counters)
CORPORATE NEWS ♦
*SALUTE was covered by Head of Research, Alfred Chen from GrandPine.
*AIRASIA reported a near six-fold jump in net profit for the 1QFY16 to RM877.79 million, underpinned by higher passenger traffic and lower fuel costs.
*CIMB net profit for the 1QFY16 ⬆ 40.3% year-on-year to RM813.8 million or 9.54 sen per share, on lower costs and provisions.
*BRAHIM, which posted its fourth consecutive quarter of net loss in the financial quarter, said the collaboration between its 51%-owned subsidiary Brahim's SATS Food Services Sdn Bhd and 7-Eleven Malaysia Sdn Bhd.
*IJM saw a 54.98% year-on-year ⬇ in its final 4QFY16 at RM44.24 million.
*MRCB has been appointed as a project delivery partner (PDP) to develop the Kwasa Damansara township's main infrastructure EPF.
*ENGTEX has bagged a RM25 million contract from Syarikat Bekalan Air Selangor Sdn Bhd (Syabas).
*VERSATL, which was slapped with two UMA queries from Bursa Malaysia this month, disclosed that it has received an offer to undertake the construction of a plant.
*E&O saw boardroom changes. Its founder and managing director (MD) Datuk Seri Tham Ka Hon has been redesignated as executive deputy chairman effective July 1.
http://aimthebull.blogspot.my/2016/05/stock-news_27.html
