KUALA LUMPUR: Stocks on Bursa Malaysia may extend gains on Tuesday, May 10 in line with the firmer overnight close on Wall Street after commodity-related shares staged a recovery.
The Dow Jones industrial average was up 45.94 points, or 0.36%, at 12,684.68. The Standard & Poor's 500 Index was up 6.09 points, or 0.45%, at 1,346.29. The Nasdaq Composite Index was up 15.69 points, or 0.55%, at 2,843.25.
However, Reuters reported that despite the rebound on Wall Street, there were doubts about what will sustain the market's long-term strength.
At Bursa Malaysia, stocks to watch include DIALOG GROUP BHD [], BERTAM ALLIANCE BHD [], KRISASSETS HOLDINGS BHD [] and Berjaya Corp Bhd (BCorp).
The Edge FinancialDaily reports that Dialog Group and its Australian partner Roc Oil are said to be on the verge of bagging the marginal oilfield projects from Petroliam Nasional Bhd (Petronas) for Balai and Bentara fields, located off the coast of Sarawak.
Bertam Alliance's unit has inked a joint development agreement for a mixed development project of residential and commercial shoplots in Johor with a gross development value (GDV) estimated at no less than RM400 million.
KrisAssets posted net profit of RM35.44 million in the first quarter ended March 31, 2011, which was a 31.2% increase from the RM27.01 million a year ago, mainly due to higher total rental income and lower finance and utility costs in the current quarter.
Revenue increased by 7.7% to RM63.46 million from RM58.89 million. Earnings per share were 8.17 sen compared with 8.02 sen.
Berjaya Corp Bhd (BCorp) has set a price of RM496 million for its 40% stake in Berjaya Sompo Insurance Bhd (BSompo), which is being sold to Sompo Japan Asia Holdings Pte Ltd (SJAH).
V.S. Industry Bhd (VSI) unit V.S. Plus Sdn Bhd has been appointed by US-based Keurig Incorporated (Keurig) as an original equipment manufacturer (OEM) partner to produce Keurig's Single-Cup coffee brewers.
V.S. Plus would begin manufacturing Keurig branded single-cup brewers as well as some system-related accessories at a new plant that was acquired in October 2010 for RM12.3 million.
Keurig is a unit of NASDAQ-listed Green Mountain Coffee Roasters, Inc., a company involved in specialty coffee and coffeemakers in the US.
The Dow Jones industrial average was up 45.94 points, or 0.36%, at 12,684.68. The Standard & Poor's 500 Index was up 6.09 points, or 0.45%, at 1,346.29. The Nasdaq Composite Index was up 15.69 points, or 0.55%, at 2,843.25.
However, Reuters reported that despite the rebound on Wall Street, there were doubts about what will sustain the market's long-term strength.
At Bursa Malaysia, stocks to watch include DIALOG GROUP BHD [], BERTAM ALLIANCE BHD [], KRISASSETS HOLDINGS BHD [] and Berjaya Corp Bhd (BCorp).
The Edge FinancialDaily reports that Dialog Group and its Australian partner Roc Oil are said to be on the verge of bagging the marginal oilfield projects from Petroliam Nasional Bhd (Petronas) for Balai and Bentara fields, located off the coast of Sarawak.
Bertam Alliance's unit has inked a joint development agreement for a mixed development project of residential and commercial shoplots in Johor with a gross development value (GDV) estimated at no less than RM400 million.
KrisAssets posted net profit of RM35.44 million in the first quarter ended March 31, 2011, which was a 31.2% increase from the RM27.01 million a year ago, mainly due to higher total rental income and lower finance and utility costs in the current quarter.
Revenue increased by 7.7% to RM63.46 million from RM58.89 million. Earnings per share were 8.17 sen compared with 8.02 sen.
Berjaya Corp Bhd (BCorp) has set a price of RM496 million for its 40% stake in Berjaya Sompo Insurance Bhd (BSompo), which is being sold to Sompo Japan Asia Holdings Pte Ltd (SJAH).
V.S. Industry Bhd (VSI) unit V.S. Plus Sdn Bhd has been appointed by US-based Keurig Incorporated (Keurig) as an original equipment manufacturer (OEM) partner to produce Keurig's Single-Cup coffee brewers.
V.S. Plus would begin manufacturing Keurig branded single-cup brewers as well as some system-related accessories at a new plant that was acquired in October 2010 for RM12.3 million.
Keurig is a unit of NASDAQ-listed Green Mountain Coffee Roasters, Inc., a company involved in specialty coffee and coffeemakers in the US.
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