Snapshots


Malaysian Resources Corp Bhd's (MRCB) share price rebounded after three consecutive days of losses. Yesterday, the counter gained 1 sen to 72.5 sen, off its intra-day high of 74 sen following reports that the company was involved in a consortium interested in the Penang monorail project. A brokerage in a report noted that MRCB's share price had undergone sharp corrections recently and that it was due for a technical rebound.  

 MRCB :  [Stock Watch]  [News

Petronas Gas Bhd's share price was marginally lower, down 10 sen to RM8.70 after the company reported its first-quarter results on Wednesday. The financial performance was within expectations, according to ECM Libra in a report yesterday.“While valuation may appear reasonable based on historical and regional basis, the stock is currently trading at a hefty of over 30% premium to the Kuala Lumpur Composite Index,” it said. Further upside was limited but the stock offered an attractive dividend yield of 4.8% for fiscal years 2007 and 2008, it added. 

 

 PETGAS :  [Stock Watch]  [NewsPGAS-W :  [Stock Watch]

For latest Bursa Malaysia indices, charts and other information click here

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights
   

Next In Business News

Fallout in Chinese market weighs on FBM KLCI
Global silicon wafer shipments hit another record high in 2Q
June exports surge past RM105b, boost from trade with China, US
IDC data: China's Q2 smartphone shipments down 11%
Ringgit opens mildly lower on mixed US economic signals
China state media seeks to calm investor nerves after stock rout
China bond bulls unfazed by crackdown on capital markets
Bursa lacklustre after overnight decline on Wall Street
Maybank IB lowers earnings projections on Globetronics
Kenanga maintains 'outperform' on Kossan

Stories You'll Enjoy


Vouchers