NST Online Business Times : latest
NST Online Business Times : latest |
| KL Kepong climbs on RM706m expansion Posted: 08 Sep 2011 06:22 PM PDT Kuala Lumpur Kepong Bhd, Malaysia's third-largest palm oil producer, rose to a two-month high after announcing plans to invest RM706 million to expand downstream into derivative products. Its shares climbed 1.3 percent to 21.88 ringgit at 9:04 a.m. in Kuala Lumpur, set for their highest close since July 14. The expansion is "positive" and should boost earnings in three years, Malayan Banking Bhd analyst Ong Chee Ting wrote in a report today. -- Bloomberg |
| DiGi at new high on cash return, stock split Posted: 08 Sep 2011 06:24 PM PDT DiGi.Com Bhd surged to a record in Kuala Lumpur trading after Malaysia's third-largest mobile phone operator proposed to return cash to shareholders and split its shares to attract more investors. The stock jumped 7.5 percent to RM33.46 at 9:03 a.m. local time, set to close at an all-time high. -- Bloomberg |
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