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UNDERSTANDING Telekom Malaysia's (TM) quarterly results for the financial year 2008 is a challenging task. As its de-merger was only fully completed in April, the financial performance of the cellular division was partially captured in TM's accounts in the first-half year ended June 30.
Five fund managers and heads of research shared their views on the stock market and favourite stocks at aroundtable discussion at Menara Star. The participants were Aseambankers Equity Research head VincentKhoo, icapital.biz Bhd head Tan Teng Boo, Meridian Asset Management chief investment officer Tan BengLing, CIMB-Principal Asset Management chief investment officer Raymond Tang and TA Securities HoldingsBhd head of research Kaladher Govindan.
Alam Maritim Resources Bhd expects to spend about RM300mil in capital expenditure (capex) this year to buy new vessels and equipment.
THE Kenanga Wholesale City, which is earmarked for completion by early 2010, is poised to be a landmark hub for Kuala Lumpur's wholesale fashion and apparel business.