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Business

Trading ideas: DNeX, Eita Resources, London Biscuits

KUALA LUMPUR: Dagang Nexchange Bhd (DNeX), Eita Resources Bhd and London Biscuits Bhd are among the stocks to watch on Wednesday, according to JF Apex Research.

Business

LBB proposes 1:4 bonus issue

PETALING JAYA: London Biscuits Bhd (LBB) has proposed a bonus issue of up to 61,549,100 new ordinary shares on the basis of one bonus share for every four existing LBB shares held at an entitlement date to be determined later.

Analyst Reports

PublicInvest maintains neutral on London Biscuits over new plans

KUALA LUMPUR: PublicInvest Research has maintained its neutral call on London Biscuits Bhd over near-term sales translating into earnings improvements due to production set-up costs and promotion expenses.

Support Line Premium

London Biscuits

Stock remains trapped in consolidation mode

Business

London Biscuits and Lotte Chemical 'neutral'; DRB-HICOM 'add', SCGM 'market perform'

LONDON Biscuits Bhd (LBB) has proposed to undertake a 10% private placement, a one-for-three renounceable rights issue with one-for-one free detachable warrants and a one-for-one bonus issue

Business

Meek response to takeover offer puts Rex in the spotlight

THE meek response to an offer from the major shareholder of Rex Industries Bhd to mop up the rest of the shares is a firm indication that the market feels the value of the company is much higher than what is on the table.

Business

Khee San ceases to be London Biscuits’ subsidiary

KUALA LUMPUR: London Biscuits Bhd (LBB) has ceased to be Khee San Bhd’s holding company as it no longer controls the board composition of the candy and sweets maker.

Nation

Lay Hong aims to be poultry ‘star’

After the drama of a failed hostile takeover and the success of an international joint venture, the company’s executive chairman reassuringly says, ‘We will expand steadily, but not speedily.’

Business

Kawan Food on a roll with strong US dollar

WHILE the after-effects of recession in 2010 had left many fast-moving consumer goods (FMCG) companies hurt and looking for ways to cut costs, the weaker ringgit against the US dollar is certainly proving to be exciting for food manufacturer Kawan Food Bhd.

Business

Lay Hong moves on

MOVING on has never been so evident, and perhaps a tad hurtful too, than seeing how fast integrated poultry player Lay Hong Bhd has managed to secure new shareholders and developments the moment its previous largest shareholder – QL Resources Bhd – walked out the door.