Selasa, 6 Disember 2011

NST Online Business Times : latest

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NST Online Business Times : latest


Bumi Armada to sign US$300m facilities pact

Posted: 06 Dec 2011 07:12 PM PST

Bumi Armada Bhd, a Malaysian offshore oilfield-services provider, will sign an agreement for financing facilities exceeding US$300 million tomorrow, according to a media invitation.

The agreement will be with several financial institutions, it said, without naming them. -- Bloomberg

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Wah Seong price target cut, stock falls

Posted: 06 Dec 2011 05:22 PM PST

Wah Seong Corp, a Malaysian pipe-coating company, fell to a one-month low in Kuala Lumpur trading after HwangDBS Vickers Research Sdn Bhd cut its price target to RM2.50 after losing potential contracts in Australia.

The stock dropped 1.5 percent to RM1.96 at 9:15 a.m. local time, set for its lowest close since Oct. 3. -- Bloomberg

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