KUALA LUMPUR: Despite the lower close on Wall Street overnight, stocks on Bursa Malaysia which could see trading interest on Friday, Jan 14 include Suria Capital Bhd, FABER GROUP BHD [], HUBLINE BHD [] and chip makers like MALAYSIAN PACIFIC INDUSTRIES [] Bhd and Unisem Bhd.
On Wall Street, US stocks edged lower on Thursday, hurt by a slide in drugmaker Merck and as falling commodities prices hit shares of natural resource companies.
The S&P 500, however, held near 28-month highs as investors saw stocks' upward trend continuing, focusing on expectations for strong earnings.
According to Reuters, the Dow Jones industrial average fell 23.54 points, or 0.20%, to 11,731.90. The Standard & Poor's 500 Index dropped 2.20 points, or 0.17%, to 1,283.76. The Nasdaq Composite Index dipped 2.04 points, or 0.07%, to 2,735.29.
The benchmark S&P 500 has gained 22.3% since the start of September
Meanwhile, Intel posted an 8% increase in fourth-quarter revenue and forecast revenue of US$11.1 billion to US$11.9 billion in the first three months of 2011.
The fourth-quarter revenue slightly exceeded the US$11.37 billion expected by analysts, according to Thomson Reuters I/B/E/S. Analysts, on average, had expected revenue of $10.73 billion in the first three months of 2011.
Intel had a record gross margin of 67.5 percent in the fourth quarter, compared to 66.7 percent expected by analysts.
The firmer earnings from Intel should shore up interest in chip makers MPI and Unisem also related tech stocks.
The Edge FinancialDaily reports on Friday that as the spotlight turns on the RM4.26 billion acquisition by MALAYAN BANKING BHD [] of Singapore broker Kim Eng Holdings Ltd, changes are quietly taking place in a small corner of the local stockbroking scene involving the standalone brokers.
Suria Capital and its partners have secured a RM1 billion contract to build a 300MW power plant in Kimanis, Sabah.
Its unit SCHB Engineering Services Sdn Bhd and its partners CTCI Corporation, CTCI Overseas Corporation Ltd, CTCI Malaysia Sdn Bhd and Steamline (Malaysia) Sdn Bhd were awarded the contract by Kimanis Power Sdn Bhd.
The CONSTRUCTION [] period will be around three years. Suri Capital expects the contract to contribute positively to the earnings of SCHB Engineering for the financial year ending Dec 31, 2011.
In Faber, The Edge FinancialDaily reports growing concerns on its earnings prospects sparked heavy selling on Faber Group Bhd shares after the group's two integrated facilities management (IFM) contracts in Abu Dhabi were not renewed by the authorities in the Gulf.
RAM Rating Services Bhd has reaffirmed the ratings of Hubline Bhd's RM220 million debt notes but revised the outlook on the long-term ratings from stable to negative.
Hubline's core business is the provision of container and dry-bulk shipping services as well as vessel chartering.
RAM Ratings said the revision in outlook is premised on our concerns that the group's financial performance may remain depressed by weak freight rates (for both its container and dry-bulk shipping segments) and poor dry-bulk cargo volumes.
'Large incoming supply of newbuilds will further pressure freight rates which have yet to stage a meaningful recovery. At the same time, uncertainties in economic recoveries of advanced economies may further dampen market outlook,' said the ratings agency.
In Metronic Global, its executive vice chairman Abd. Gani Yusof sold 100 million shares or 15.75pct at 6.6 sen each on Wednesday.
SEG INTERNATIONAL BHD [] declared a special dividend of 14 sen per share which will go ex on Jan 27 while its entitlement date is Jan 31.
On Wall Street, US stocks edged lower on Thursday, hurt by a slide in drugmaker Merck and as falling commodities prices hit shares of natural resource companies.
The S&P 500, however, held near 28-month highs as investors saw stocks' upward trend continuing, focusing on expectations for strong earnings.
According to Reuters, the Dow Jones industrial average fell 23.54 points, or 0.20%, to 11,731.90. The Standard & Poor's 500 Index dropped 2.20 points, or 0.17%, to 1,283.76. The Nasdaq Composite Index dipped 2.04 points, or 0.07%, to 2,735.29.
The benchmark S&P 500 has gained 22.3% since the start of September
Meanwhile, Intel posted an 8% increase in fourth-quarter revenue and forecast revenue of US$11.1 billion to US$11.9 billion in the first three months of 2011.
The fourth-quarter revenue slightly exceeded the US$11.37 billion expected by analysts, according to Thomson Reuters I/B/E/S. Analysts, on average, had expected revenue of $10.73 billion in the first three months of 2011.
Intel had a record gross margin of 67.5 percent in the fourth quarter, compared to 66.7 percent expected by analysts.
The firmer earnings from Intel should shore up interest in chip makers MPI and Unisem also related tech stocks.
The Edge FinancialDaily reports on Friday that as the spotlight turns on the RM4.26 billion acquisition by MALAYAN BANKING BHD [] of Singapore broker Kim Eng Holdings Ltd, changes are quietly taking place in a small corner of the local stockbroking scene involving the standalone brokers.
Suria Capital and its partners have secured a RM1 billion contract to build a 300MW power plant in Kimanis, Sabah.
Its unit SCHB Engineering Services Sdn Bhd and its partners CTCI Corporation, CTCI Overseas Corporation Ltd, CTCI Malaysia Sdn Bhd and Steamline (Malaysia) Sdn Bhd were awarded the contract by Kimanis Power Sdn Bhd.
The CONSTRUCTION [] period will be around three years. Suri Capital expects the contract to contribute positively to the earnings of SCHB Engineering for the financial year ending Dec 31, 2011.
In Faber, The Edge FinancialDaily reports growing concerns on its earnings prospects sparked heavy selling on Faber Group Bhd shares after the group's two integrated facilities management (IFM) contracts in Abu Dhabi were not renewed by the authorities in the Gulf.
RAM Rating Services Bhd has reaffirmed the ratings of Hubline Bhd's RM220 million debt notes but revised the outlook on the long-term ratings from stable to negative.
Hubline's core business is the provision of container and dry-bulk shipping services as well as vessel chartering.
RAM Ratings said the revision in outlook is premised on our concerns that the group's financial performance may remain depressed by weak freight rates (for both its container and dry-bulk shipping segments) and poor dry-bulk cargo volumes.
'Large incoming supply of newbuilds will further pressure freight rates which have yet to stage a meaningful recovery. At the same time, uncertainties in economic recoveries of advanced economies may further dampen market outlook,' said the ratings agency.
In Metronic Global, its executive vice chairman Abd. Gani Yusof sold 100 million shares or 15.75pct at 6.6 sen each on Wednesday.
SEG INTERNATIONAL BHD [] declared a special dividend of 14 sen per share which will go ex on Jan 27 while its entitlement date is Jan 31.
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