NST Online Business Times : latest
NST Online Business Times : latest |
| KFC climbs after accepting buyout offer Posted: 21 Dec 2011 06:04 PM PST KFC Holdings (Malaysia) Bhd climbed 1.3 per cent to RM3.79, set for its highest close since Dec 15. The fast-food restaurant operator's independent directors backed a buyout offer from CVC Capital Partners Ltd and Johor Corp, according to an exchange filing. KFC's fair value was raised to RM4 ringgit from RM3.97 at OSK Holdings Bhd, its brokerage said in a report. -- Bloomberg |
| Higher palm oil prices buoy plantation stocks Posted: 21 Dec 2011 06:12 PM PST Kretam Holdings Bhd advanced 4.2 per cent to RM2.50, set for its highest close since Dec 3, 1998. Rimbunan Sawit Bhd rose 2.3 per cent to 89 sen, and Sarawak Oil Palms Bhd climbed 1.5 per cent to RM5.48. Palm oil futures gained 1.7 per cent to RM3,072 (US$970) a metric tonne in Malaysia yesterday, the steepest increase since Dec 5, on concern vegetable oil supplies will drop as production in Malaysia slows and dry weather threatens soyabean crops in Brazil and Argentina. -- Bloomberg |
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