NST Online Business Times : latest

Posted: 17 Aug 2011 06:02 PM PDT

Esso Malaysia Bhd plunged in Kuala Lumpur trading, headed for a record drop after San Miguel Corp agreed to buy Exxon Mobil Corp's 65 per cent stake in the Malaysian company at a discount.

The stock tumbled 18 per cent to RM4.05 at 9:02 a.m. local time.

San Miguel bought the stake at RM3.50 per share, a 29 per cent discount to Esso Malaysia's closing price of RM4.95 yesterday.

Esso gained 46 per cent this year. -- Bloomberg

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Mah Sing jumps on 48pc H1 earnings rise

Posted: 17 Aug 2011 06:32 PM PDT

Mah Sing Group Bhd, a Malaysian developer, rose in Kuala Lumpur trading after OSK Research Sdn Bhd said its first-half earnings beat estimates.

The stock climbed 1.6 per cent to RM2.49 at 9:26 a.m. local time after the company yesterday announced a 48 per cent increase in second-quarter profit to RM43.1 million.

OSK said in a report today that it raised its full-year 2011 earnings forecast by 13.2 per cent. -- Bloomberg

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Kredit: www.nst.com.my

Rabu, 17 Ogos 2011

NST Online Business Times : latest

NST Online Business Times : latest

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