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LONDON Biscuits Bhd seems to be seeking closure over some key issues that are weighing down on the stock, but its woes are far from over.
KUALA LUMPUR: London Biscuits Bhd, Petronas Dagangan Bhd, Boustead Heavy Industries Corp Bhd (BHIC) and DRB-Hicom Bhd are among the stocks to watch on Monday, according to JF Apex Research.
LONDON Biscuits Bhd’s recent trigger of Practice Note 17 (PN17) does seem like a bad end to an already gloomy story that had been hovering over the confectionery manufacturer in recent times.
PETALING JAYA: London Biscuits Bhd bucked the trend as its share price shot up after falling into the Practice Note 17 (PN17) category.
KUALA LUMPUR: The FBM KLCI erased most of the gains made in the previous session in a sign the domestic market is consolidating ahead of US Federal Reserve chairman Jerome Powell's testimony.
PETALING JAYA: London Biscuits Bhd is now a Practice Note 17 (PN17) company, following its payment default amounting to RM9.83mil to Bank of Nova Scotia Bhd.
KUALA LUMPUR: Blue chips closed higher on Tuesday, underpinned by late buying of selected stocks like Maxis and IHH and Sime Plantation, amid a mixed broader market.
KUALA LUMPUR: London Biscuit Bhd tumbled over 35% this morning after it was classified as an affected listed issuer under Practice Note 17 (PN17).
KUALA LUMPUR: Blue chips eked out slim gains early Tuesday, with Tenaga Nasional’s rebound helping to lift the FBM KLCI despite the lacklustre mood in Asian markets.