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IOI Corp profit from continuing ops down 32% to RM240m

KUALA LUMPUR: IOI Corporation Bhd reported a 32% decline in profit from continuing operations to RM240mil from RM354mil a year ago due to weaker plantation profit caused by weaker crude palm oil (CPO) and palm kernel (PK) prices.

s for the plantation segment, the profit fell by 44% to RM132.6mi from RM238.3mil a year ago due to lower crude palm oil (CPO) and palm kernel (PK) prices realised.

Short position

WHETHER people like it or not, it is the foreign flow of money into the stock market that really is the fifth gear for market momentum.

Late selling sends KLCI below 1,600; Leong Hup unchanged

KUALA LUMPUR: Late selling pressure on Public Bank, Maybank and Tenaga Nasional forced the FBM KLCI to close below the key 1,600 level on Thursday while Leong Hup International ended its first trading day unchanged.

Blue chips lower in cautious trade, Leong Hup in focus

KUALA LUMPUR: Blue chips slipped in early Thursday trade ahead of the release of the first quarter GDP data at midday and outlook from Bank Negara while Leong Hup International was in focus on its trading debut on the Main Market.

Palm oil price at week high on stronger soyoil, weaker ringgit

KUALA LUMPUR: Malaysian palm oil futures climbed to a one-week top in early trade on Wednesday, in line to chart a third consecutive day of gain, as it tracked an increase in U.S. soyoil on the Chicago Board of Trade (CBOT) and a weaker ringgit.

Benchmark palm oil contract for July delivery on the Bursa Malaysia Derivatives Exchange was up 1.4% at 2,043 ringgit ($489.69) a tonne at the midday break on Wednesday, its strongest levels since May 8.