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KUALA LUMPUR: Key regional markets are expected to advance on Thursday, Nov 11 after a firmer overnight close on Wall Street on expectations the rally will continue.
In the US, the dollar hit a one-month high on Wednesday after data pointed to an improving U.S. labor market while Wall Street rose as investors set aside recent worries whether a rally would continue, Reuters reports.
The Dow Jones industrial average closed up 10.29 points, or 0.09 percent, at 11,357.04. The Standard & Poor's 500 Index gained 5.31 points, or 0.44 percent, at 1,218.71. The Nasdaq Composite Index rose 15.80 points, or 0.62 percent, at 2,578.78.
US stocks were down earlier as investors worried the Fed might buy less debt than planned, while others feared the increased liquidity has propelled commodity prices higher, which could induce a harmful bout of inflation.
At Bursa Malaysia, stocks to watch include PUNCAK NIAGA HOLDINGS BHD [], LATEXX PARTNERS BHD [], SYMPHONY HOUSE BHD [] and KULIM (M) BHD [].
Puncak Niaga's subsidiary Syarikat Bekalan Air SelangorSdn Bhd (Syabas) is suing the Selangor Government for RM471.64 million.
Puncak Niaga had instituted legal proceedings against the Selangor Government seeking the RM471.64 million as compensation due to it for the period Jan 1 to Dec 31, 2009.
Latexx partners Bhd reported a set of stronger earnings in the third quarter at RM17.62 million, up 23.5% from RM14.27 million a year ago.
It said on Wednesday, Nov 10 revenue rose 60.7% to RM129.87 million from RM80.84 million. Profit before tax rose 41.3% to RM20.16 million from RM14.27 million. Earnings per share were 8.19 sen compared with 7.33 sen. It declared an interim dividend of 2.5 sen per share.
Symphony House Bhd posted net loss of RM4.57 million in the third quarter ended Sept 30, 2010 when compared with net profit of RM2.23 million a year ago.
It said on Wednesday, Nov 10 that revenue dipped 2% to RM40.36 million compared with RM41.17 million mainly due to the lower transaction volume in the cheque processing business unit further to client attrition in 2009. Loss per share was 0.72 sen.
Kulim, which controls KFC HOLDINGS (M) BHD [] and QSR BRANDS BHD [], could continue to see trading interest following the surge in crude palm oil prices.
Kulim has interests in PLANTATION []s via a 50% stake in London-listed New Britain Palm Oil Ltd which owns 6,300ha of matured palm oil plantations in Papua New Guinea.
MALAYAN BANKING BHD [] says it is continuously seeking and assessing various propositions and opportunities that would help achieve its vision to be a regional financial services leader.
It said the objective of such opportunities was to help create shareholder value.
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KUALA LUMPUR: Key regional markets are expected to advance on Thursday, Nov 11 after a firmer overnight close on Wall Street on expectations the rally will continue.
In the US, the dollar hit a one-month high on Wednesday after data pointed to an improving U.S. labor market while Wall Street rose as investors set aside recent worries whether a rally would continue, Reuters reports.
The Dow Jones industrial average closed up 10.29 points, or 0.09 percent, at 11,357.04. The Standard & Poor's 500 Index gained 5.31 points, or 0.44 percent, at 1,218.71. The Nasdaq Composite Index rose 15.80 points, or 0.62 percent, at 2,578.78.
US stocks were down earlier as investors worried the Fed might buy less debt than planned, while others feared the increased liquidity has propelled commodity prices higher, which could induce a harmful bout of inflation.
At Bursa Malaysia, stocks to watch include PUNCAK NIAGA HOLDINGS BHD [], LATEXX PARTNERS BHD [], SYMPHONY HOUSE BHD [] and KULIM (M) BHD [].
Puncak Niaga's subsidiary Syarikat Bekalan Air SelangorSdn Bhd (Syabas) is suing the Selangor Government for RM471.64 million.
Puncak Niaga had instituted legal proceedings against the Selangor Government seeking the RM471.64 million as compensation due to it for the period Jan 1 to Dec 31, 2009.
Latexx partners Bhd reported a set of stronger earnings in the third quarter at RM17.62 million, up 23.5% from RM14.27 million a year ago.
It said on Wednesday, Nov 10 revenue rose 60.7% to RM129.87 million from RM80.84 million. Profit before tax rose 41.3% to RM20.16 million from RM14.27 million. Earnings per share were 8.19 sen compared with 7.33 sen. It declared an interim dividend of 2.5 sen per share.
Symphony House Bhd posted net loss of RM4.57 million in the third quarter ended Sept 30, 2010 when compared with net profit of RM2.23 million a year ago.
It said on Wednesday, Nov 10 that revenue dipped 2% to RM40.36 million compared with RM41.17 million mainly due to the lower transaction volume in the cheque processing business unit further to client attrition in 2009. Loss per share was 0.72 sen.
Kulim, which controls KFC HOLDINGS (M) BHD [] and QSR BRANDS BHD [], could continue to see trading interest following the surge in crude palm oil prices.
Kulim has interests in PLANTATION []s via a 50% stake in London-listed New Britain Palm Oil Ltd which owns 6,300ha of matured palm oil plantations in Papua New Guinea.
MALAYAN BANKING BHD [] says it is continuously seeking and assessing various propositions and opportunities that would help achieve its vision to be a regional financial services leader.
It said the objective of such opportunities was to help create shareholder value.
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