KUALA LUMPUR: Companies in the Berjaya Group were in focus at the midday break on Monday, June 28 as investors reacted to the government's decision not to go ahead with the sports betting.
Key Asian markets were mixed as a weekend meeting of Group of 20 leaders failed to reassure investors about the strength of the global economic recovery.
At 12.30pm, the FBM KLCI fell 0.72 of a point to 1,325.73. Turnover was thin with only 286.52 million shares done valued at RM354.1 million. There were 203 gainers, 267 losers and 217 stocks unchanged.
Light crude oil slipped nine cents to US$78.77 while crude palm oil futures rose RM17 to RM2,401.
Nikkei 225 -0.49% 9,689.96 Hang Seng Index +0.35% 20,763.24 Singapore STI +0.5% 2,868.22 Shanghai Composite -0.61% 2,537.23 ''
Among the Berjaya companies, Berjaya Land fell 13 sen to RM4.27 while Berjaya Corp lost 11 sen to RM1.25 with 14.98 million shares done and BCorp-LC eight sen to 79 sen.
Hai-O fell the most, down 21 sen to RM3.91 with 4.3 million shares done after reporting a poor fourth quarter performance, mainly due to its multilevel marketing division.
OSK Research said taking into consideration recent headwinds encountered by its MLM division, it cut its FY11/12 earnings forecast by 12%-18% to RM74.6 million and RM83.6 million respectively.
"Our TP is reduced to RM4.42. Downgrade to NEUTRAL," it said.
Time Engineering was the most active with 25.74 million shares done, up four sen to 40 sen while Time dotcom added 1.5 sen to 45.5 sen.
K Euro added four sen to 98 sen and Talam flat at 12.5 sen.
Glove makers rose with Top Glove adding 26 sen to RM13.64 and Kossan 24 sen to RM7.83.
Gamuda tose eight sen to RM3.32 on expectations of securing more jobs, including the mass rapid transit project in the Klang Valley.
Key Asian markets were mixed as a weekend meeting of Group of 20 leaders failed to reassure investors about the strength of the global economic recovery.
At 12.30pm, the FBM KLCI fell 0.72 of a point to 1,325.73. Turnover was thin with only 286.52 million shares done valued at RM354.1 million. There were 203 gainers, 267 losers and 217 stocks unchanged.
Light crude oil slipped nine cents to US$78.77 while crude palm oil futures rose RM17 to RM2,401.
Nikkei 225 -0.49% 9,689.96 Hang Seng Index +0.35% 20,763.24 Singapore STI +0.5% 2,868.22 Shanghai Composite -0.61% 2,537.23 ''
Among the Berjaya companies, Berjaya Land fell 13 sen to RM4.27 while Berjaya Corp lost 11 sen to RM1.25 with 14.98 million shares done and BCorp-LC eight sen to 79 sen.
Hai-O fell the most, down 21 sen to RM3.91 with 4.3 million shares done after reporting a poor fourth quarter performance, mainly due to its multilevel marketing division.
OSK Research said taking into consideration recent headwinds encountered by its MLM division, it cut its FY11/12 earnings forecast by 12%-18% to RM74.6 million and RM83.6 million respectively.
"Our TP is reduced to RM4.42. Downgrade to NEUTRAL," it said.
Time Engineering was the most active with 25.74 million shares done, up four sen to 40 sen while Time dotcom added 1.5 sen to 45.5 sen.
K Euro added four sen to 98 sen and Talam flat at 12.5 sen.
Glove makers rose with Top Glove adding 26 sen to RM13.64 and Kossan 24 sen to RM7.83.
Gamuda tose eight sen to RM3.32 on expectations of securing more jobs, including the mass rapid transit project in the Klang Valley.
No comments:
Post a Comment