KUALA LUMPUR: Worries about the European sovereign debt crisis spreading within the continent and the Korean conflict are expected to see investors staying on the sidelines in the coming week, starting Monday, Nov 29.
On Wall Street, US stocks fell after spending Black Friday in the red as worries over the euro zone's finances overshadowed positive readings on the start of the holiday shopping season.
The Dow Jones Industrial Average dropped 95.28 points, or 0.9%, to end at 11092. JP Morgan Chase''and American Express fell the hardest, with both stocks losing 1.7%. The Nasdaq Composite''dropped 0.3% to 2,534. The Standard & Poor's 500 index declined 0.8% to 1189.
At Bursa Malaysia, stocks to watch are TRC Synergies Bhd and BINA PURI HOLDINGS BHD [], SIME DARBY BHD [], TELEKOM MALAYSIA BHD [] and Stone Master Corp Bhd.
Syarikat Prasarana Negara Bhd picked TRC Synergies Bhd as the main contractor for the 17-km extension of the Kelana Jaya Line from Kelana Jaya station to Putra Heights, which includes 13 new stations. The contract value is RM950 million and it is for 30 months.
It also appointed Bina Puri-Tim Sekata JV as the main contractor to implement the 17.7 km extension for the Ampang LRT line between Sri Petaling to Putra Heights. The contract value is RM634.64 million and the duration is 27 months.
Sime Darby swung back into the black with net profit of RM654.74 million in the first quarter ended Sept 30, 2010 and has set a target of achieving net profit of RM2.5 billion for the current financial year.
Telekom Malaysia reported a 140% surge in its third quarter earnings to RM446.6 million from RM185.7 million due to higher operating revenue, disposal of investments and higher unrealised exchange gain.
Stone Master is venturing into China's liquefied natural gas (LNG) transportation business following the proposed acquisition of a 51% stake in JinZhou Everthriving Logistics Co. Ltd for RM25 million. The shares surged 30 sen last Thursday before the suspension on Friday for the announcement.
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On Wall Street, US stocks fell after spending Black Friday in the red as worries over the euro zone's finances overshadowed positive readings on the start of the holiday shopping season.
The Dow Jones Industrial Average dropped 95.28 points, or 0.9%, to end at 11092. JP Morgan Chase''and American Express fell the hardest, with both stocks losing 1.7%. The Nasdaq Composite''dropped 0.3% to 2,534. The Standard & Poor's 500 index declined 0.8% to 1189.
At Bursa Malaysia, stocks to watch are TRC Synergies Bhd and BINA PURI HOLDINGS BHD [], SIME DARBY BHD [], TELEKOM MALAYSIA BHD [] and Stone Master Corp Bhd.
Syarikat Prasarana Negara Bhd picked TRC Synergies Bhd as the main contractor for the 17-km extension of the Kelana Jaya Line from Kelana Jaya station to Putra Heights, which includes 13 new stations. The contract value is RM950 million and it is for 30 months.
It also appointed Bina Puri-Tim Sekata JV as the main contractor to implement the 17.7 km extension for the Ampang LRT line between Sri Petaling to Putra Heights. The contract value is RM634.64 million and the duration is 27 months.
Sime Darby swung back into the black with net profit of RM654.74 million in the first quarter ended Sept 30, 2010 and has set a target of achieving net profit of RM2.5 billion for the current financial year.
Telekom Malaysia reported a 140% surge in its third quarter earnings to RM446.6 million from RM185.7 million due to higher operating revenue, disposal of investments and higher unrealised exchange gain.
Stone Master is venturing into China's liquefied natural gas (LNG) transportation business following the proposed acquisition of a 51% stake in JinZhou Everthriving Logistics Co. Ltd for RM25 million. The shares surged 30 sen last Thursday before the suspension on Friday for the announcement.
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