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PetChem Q1 profit jumps 18% on higher revenue
PETALING JAYA: Petronas Chemicals Group Bhd (PetChem) reported 18.3% higher net profit year-on-year (y-o-y) to RM737mil for its first quarter (Q1) ended June 30, 2011, compared with RM623mil in the corresponding period last year, on higher revenue driven primarily by strong product prices.
Malaysia-Market factors to watch Tuesday Dec 27
KUALA LUMPUR: Following is a list of events in Malaysia as well as news stories and press reports which mayinfluence financial markets.
KLCI dips below 1,600, IOI, Tenaga weigh
Key regional markets were in the red at midday on Monday as investors stayed cautious ahead of Spain’s debt sale on Tuesday and slowing growth in South Korea.
KLCI among best performers, IOI, PetChem lift
Malaysia's blue chips were among the best performers in Friday's morning session, with the FBM KLCI up 0.41%, aided by gains in plantation heavyweight IOI Corp, BAT and Petronas Chemicals.
Key regional markets in the red, KLCI dn 0.39%
Key regional markets were in the red on Monday, with Japan, Hong Kong and Singapore registering more than 2% in losses on growing pessimism over the lingering Eurozone debt crisis.
Commodities, equities in the red on Europe debt woes
Commodities including oil and gold fell on worries about the eurozone debt crisis at midday on Friday while all key regional equities markets were in the red, posting losses of up 1.4%.
Trading volume on Bursa shrinks, KLCI barely higher
Key regional markets were mostly higher in cautious trade at midday on Monday, with the FBM KLCI barely higher while volume shrunk significantly from last Friday.
Markets firmer, CIMB, DiGi buoy KLCI
Key Asian markets held on to their gains at midday on Tuesday, notching gains of more than 1% as investors pinned their hopes that China and Europe would implement measures to strengthen economic growth.
KLCI bucks region, Tenaga, Maybank up
The FBM KLCI bucked the regional markets in the morning session on Thursday, underpinned by gains in heavyweights including Tenaga and Maybank.
Petronas Chemical plans RM2bil capex
KUALA LUMPUR: Petronas Chemicals Group Bhd (PetChem) will spend about RM2bil on plant building and maintenance for its financial year ending Dec 31 (FY12), said its chairman Datuk Wan Zulkiflee Wan Ariffin.
