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PETALING JAYA: A combination of factors such as expectations of more robust economic prospects next year coupled with the last leg of cheap credit are likely behind a spate of takeovers of locally listed companies.
KUALA LUMPUR: The initial exuberance on Bursa Malaysia faded on Wednesday as investors turned cautious amid the mixed key Asian markets despite the record close on Wall Street but the ringgit advanced against several key currencies.
KUALA LUMPUR: Willowglen MSC Bhd saw 24.38 million of its shares traded off-market at a steep discount to the prevailing market price on Wednesday.
KUALA LUMPUR: IOI Corp and Public Bank helped push the FBM KLCI closer towards the crucial 1,800 level early Wednesday as investor sentiment was galvanised by the record closing on Wall Street and fresh corporate news.
KUALA LUMPUR: Willowglen, IOI Corp, oil and gas services company Enra and Boustead are among the stocks to watch on Wednesday after their corporate news, says JF Apex Research.
KUALA LUMPUR: Willowglen MSC Bhd shareholders, who have been anticipating a corporate exercise in line with the 77% year-to-date rise in the share price of the supervisory and security solutions firm, may end up disappointed with what’s in store.