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Stock Market Signals: A weekly column on the Main Board of the Kuala Lumpur Stock Exchange by G.M. Teoh.
MALAYSIA Pacific Industries Bhd (MPI) is one of the best performing Composite Index (CI) component stocks on the KLSE rally.
PETRONAS Dagangan Bhd, (PDB) the retail arm of Petroliam Nasional Bhd (Petronas), expects an improvement in performance in the current year ending March 31, 2004, fuelled by new petrol station openings and better costs management.
INITIAL public offerings (IPOs) are attracting strong investor interest again, as reflected in the high rates of subscription for recent new issues. After playing it cagey for almost the whole of last year and a good part of this year, investors are pouring money back into the IPO market.
LAM SOON Edible Oils Sdn Bhd, a subsidiary of Lam Soon (M) Bhd, expects up to 10% higher sales of its cooking oil this year from RM150mil last year, amid an upturn in the cooking oil market.