KUALA LUMPUR: Stocks on Bursa Malaysia could inch up on Thursday, Dec 9, underpinned by firmer investor confidence which saw the FBM KLCI close near a month's high on Wednesday.
However, external factors would have a significant impact on sentiment, with key Asian markets set for a mixed start.
Reuters reports US stocks edged higher on Wednesday, as gains in financial and TECHNOLOGY [] stocks offset declines caused by a recent surge in bond yields.
The Dow Jones industrial average gained 13.32 points, or 0.12 percent, to 11,372.48. The Standard & Poor's 500 Index gained 4.53 points, or 0.37 percent, to 1,228.28. The Nasdaq Composite Index gained 10.67 points, or 0.41 percent, to 2,609.16.
At Bursa Malaysia, stocks to watch are Paramount Corp Bhd, BINA PURI HOLDINGS BHD [], semiconductor-related companies and KEY WEST GLOBAL TELECOMM []unications Bhd.
Paramount Corp Bhd has declared a special dividend of 40 sen per share.
The dividend would go ex on Dec 21 and the entitlement date would be Dec 23
Paramount, had on Dec 1, completed the sake of its 20% stake in Jerneh Insurance Bhd to ACE INA International Holdings Ltd for RM130.8 million cash.
The Edge FinancialDaily reports the share price gyrations seen in Key West of late could just be the tip of the iceberg.
In response to a query from Bursa Malaysia Securities over the sharp fall in price and high volume of trading of the company's shares, it said it was unaware of the factors.
It had on Nov 26, announced a proposed private placement of up to 10% of the issued and paid-up share capital.
Key West suffered two years of consecutive losses and the board had proposed several options to increase sales and profit margin coupled with effective costs management.
'The board will also look into various other options, which may include but not limited to possible disposal of loss-making subsidiaries or diversifying into new viable business,' it said.
Semicon-related stocks could benefit from the firmer close on Nasdaq after solid outlooks from Texas Instruments Inc and Novellus Systems Inc.
BIG Industries Bhd plans to cancel 80 sen from the par value of each RM1 shares under its corporate exercise which includes a two-call rights issue of RM76.95 million in loan stocks.
The cancellation of 80 sen from each share would give rise to a credit of RM38.47 million which would be credited to the capital reserves account of the company.
Most importantly, investors should be aware the company is not undertaking a share consolidation, hence the number of shares would be reduced.
BIG also proposed a renounceable two-call rights issue of up to RM76.94 million nominal value of 4% five-year irredeemable convertible unsecured loan stocks (ICULS) at 100% of the nominal amount of 20 sen each.
Tenaga Nasional Berhad is venturing to Yemen after it inked a Letter of Understanding with National Trading Company (Natco) to cooperate on identified and specialized activities in various areas of the power industry in Yemen.
NATCO is a unit of the Hayel Saeed Anam group, involved in industrial, trading, services and contracting works in areas of power utility and manufacturing.
However, external factors would have a significant impact on sentiment, with key Asian markets set for a mixed start.
Reuters reports US stocks edged higher on Wednesday, as gains in financial and TECHNOLOGY [] stocks offset declines caused by a recent surge in bond yields.
The Dow Jones industrial average gained 13.32 points, or 0.12 percent, to 11,372.48. The Standard & Poor's 500 Index gained 4.53 points, or 0.37 percent, to 1,228.28. The Nasdaq Composite Index gained 10.67 points, or 0.41 percent, to 2,609.16.
At Bursa Malaysia, stocks to watch are Paramount Corp Bhd, BINA PURI HOLDINGS BHD [], semiconductor-related companies and KEY WEST GLOBAL TELECOMM []unications Bhd.
Paramount Corp Bhd has declared a special dividend of 40 sen per share.
The dividend would go ex on Dec 21 and the entitlement date would be Dec 23
Paramount, had on Dec 1, completed the sake of its 20% stake in Jerneh Insurance Bhd to ACE INA International Holdings Ltd for RM130.8 million cash.
The Edge FinancialDaily reports the share price gyrations seen in Key West of late could just be the tip of the iceberg.
In response to a query from Bursa Malaysia Securities over the sharp fall in price and high volume of trading of the company's shares, it said it was unaware of the factors.
It had on Nov 26, announced a proposed private placement of up to 10% of the issued and paid-up share capital.
Key West suffered two years of consecutive losses and the board had proposed several options to increase sales and profit margin coupled with effective costs management.
'The board will also look into various other options, which may include but not limited to possible disposal of loss-making subsidiaries or diversifying into new viable business,' it said.
Semicon-related stocks could benefit from the firmer close on Nasdaq after solid outlooks from Texas Instruments Inc and Novellus Systems Inc.
BIG Industries Bhd plans to cancel 80 sen from the par value of each RM1 shares under its corporate exercise which includes a two-call rights issue of RM76.95 million in loan stocks.
The cancellation of 80 sen from each share would give rise to a credit of RM38.47 million which would be credited to the capital reserves account of the company.
Most importantly, investors should be aware the company is not undertaking a share consolidation, hence the number of shares would be reduced.
BIG also proposed a renounceable two-call rights issue of up to RM76.94 million nominal value of 4% five-year irredeemable convertible unsecured loan stocks (ICULS) at 100% of the nominal amount of 20 sen each.
Tenaga Nasional Berhad is venturing to Yemen after it inked a Letter of Understanding with National Trading Company (Natco) to cooperate on identified and specialized activities in various areas of the power industry in Yemen.
NATCO is a unit of the Hayel Saeed Anam group, involved in industrial, trading, services and contracting works in areas of power utility and manufacturing.
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