NST Online Business Times : latest

Posted: 17 Dec 2012 06:35 PM PST

Bank Muamalat Malaysia Bhd (BMMB) posted a gross financing of RM10.1 billion for its first half ended Sept 30, 2012.

The achievement is a milestone in the bank's history and was equivalent to a 24.9 per cent growth, year-on-year.

Its pre-tax profit during the first half stood at RM120.2 million, almost reaching its previous full-year performance of RM123.5 million, due to greater contribution from its operating income and continued improvement in collection and recovery, said Bank Muamalat in a statement.

"Our consumer portfolio accelerated faster than what we anticipated despite being in a competitive market.

"Similarly, our asset quality has continued to further improve from our last reporting in June 2012," said Chief Executive Officer Datuk Mohd Redza Shah Abdul Wahid.

The bank's total net income rose to RM496.4 million for the half year under review underpinned by higher financing income.

Bank Muamalat's total assets increased to RM18.2 billion, as at end-September, growing almost 19 per cent from a year ago.

Customer deposits rose to RM16.0 billion from RM13.1 billion previously. Bernama

KL shares open higher in early trading

Posted: 17 Dec 2012 06:11 PM PST

Share prices on Bursa Malaysia opened higher this morning led by gains in selected bluechips prompted by the overnight uptrend in Wall Street, dealers said.

After 15 minutes of trading, the benchmark FTSE Bursa Malaysia KLCI was 0.41 per cent or 6.67 points better at 1,655.25 after opening 1.91 points higher at 1,650.49.

Axiata rose 11 sen to RM6.65, Petronas Gas gained 12 sen to RM18.60 and KLK was 14 sen better at RM21.60.

HwangDBS Vickers Research said US' equity indices rose 0.8-1.3 per cent on Monday, mainly due to investors' speculation and optimism on signs of progress on the looming "fiscal cliff", arising from discussions in the White House.

On the local front, the research house expected the FBM KLCI to likely trade sideways without any fresh leads while the downside would be limited by its immediate resistance level of 1,635.

In a note, HwangDBS said two stocks were expected to come under the spotlight today.

They are TH Heavy Engineering, which is believed to be in the
midst of finalising a joint-venture with an international oil and gas company to develop marginal oilfields in Malaysia, and Metronic Global, after its two shareholders who cumulatively own more than 10 per cent of the company, appointed four new directors.

Meanwhile, the Finance Index rose 23.31 points to 15,168.42, the Industrial Index inched up 4.16 points to 2,688.03 and the Plantation Index gained 32.41 points to 8,029.99.

The Ace Index added 5.97 points to 4,159.4, the FBMT100 advanced 41.65 points to 11,071.14, the FBM Emas increased 39.58 points to 11,211.71 and the FBM Mid 70 index earned 31.46 points to 12,055.42.

On the broader market, there were 118 gainers and 46 losers while 100 counters were unchanged, 1,372 counters untraded and 23 others were suspended.

Volume stood at 70.688 million shares worth RM51.653 million.

Among actives, XOX gained two sen to 22 sen, Metronic Global rose one sen to 12.5 sen and CME and Tiger Synergy added half-a-sen each to seven sen and 32 sen, respectively.

Both ELK-Desa and Ariantec were flat at RM1.16 and sen, respectively.

Heavyweights, Maybank inched up one sen to RM9.05, CIMB gained three sen to RM7.63 and Petronas Chemicals added five sen to RM6.14.

Sime Darby, Maxis and Public Bank were all flat at RM9.13, RM6.50 and RM15.98, respectively. Bernama

Kredit: www.nst.com.my

Isnin, 17 Disember 2012

NST Online Business Times : latest

NST Online Business Times : latest

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