KUALA LUMPUR: Shares of MEDIA CHINESE INTERNATIONAL LT []d (MCIL) climbed 4.8% in morning trade on Thursday, March 10 on the positive earnings outlook for the company.
At 11.07am, MCIL was up 11 sen to RM2.36 with 1.67 million shares done.
However, the FBM KLCI was down 6.25 points to 1,517.44. Turnover was 398.53 million shares valued at RM378.46 million. Decliners beat advancers 383 to 152 while 230 stocks were unchanged.
The Edge FinancialDaily reported on Thursday that MCIL, which has the most Chinese titles in the world, seems to be catching up with STAR PUBLICATIONS (M) BHD [].
The Edge FD reported that MCIL's earnings are not far from the top spot which has been dominated by Star, which is the most profitable media group for years. 'Judging from the latest earnings, MCIL's profit may overtake Star's by FY11 ending March 31,' it said.
At 11.07am, MCIL was up 11 sen to RM2.36 with 1.67 million shares done.
However, the FBM KLCI was down 6.25 points to 1,517.44. Turnover was 398.53 million shares valued at RM378.46 million. Decliners beat advancers 383 to 152 while 230 stocks were unchanged.
The Edge FinancialDaily reported on Thursday that MCIL, which has the most Chinese titles in the world, seems to be catching up with STAR PUBLICATIONS (M) BHD [].
The Edge FD reported that MCIL's earnings are not far from the top spot which has been dominated by Star, which is the most profitable media group for years. 'Judging from the latest earnings, MCIL's profit may overtake Star's by FY11 ending March 31,' it said.
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