NST Online Business Times : latest
NST Online Business Times : latest |
| Malaysia airline stocks downgraded Posted: 22 May 2011 06:58 PM PDT Maybank Investment Bank Bhd lowered its view on Malaysian airline stocks ahead of their quarterly earnings, cutting AirAsia Bhd to "hold" from "buy" and reducing its share estimate for Malaysian Airline System Bhd to RM1.80 from RM2.55. Malaysian Air may report a first-quarter loss due to higher fuel prices and reduced travel following Japan's earthquake and unrest in the Middle East and North Africa, Maybank analyst Wong Chew Hann said in a report today. While AirAsia's first-quarter profit may be "very strong," Wong expressed concern over oil price volatility and potential over-supply in the airline industry, according to the report. -- Bloomberg |
| MK Land jumps on bigger Q3 profits Posted: 22 May 2011 06:13 PM PDT MK Land Holdings Bhd, a Malaysian developer, rose the most in more than four months in Kuala Lumpur trading after reporting higher third-quarter profits. The stock jumped 6.6 per cent to 40.5 sen at 9:06 a.m. local time, set for its biggest increase since Jan. 3. -- Bloomberg |
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