NST Online Business Times : latest
NST Online Business Times : latest |
| Public Invt starts Maxis with 'neutral' Posted: 23 Sep 2012 07:31 PM PDT Public Investment Bank initiated coverage of Maxis Bhd, the country's largest mobile phone operator, with a "neutral" rating and a target price of RM7.26 per share, citing dismal growth prospects due to narrowing profit margins. "Though we acknowledge progressive growth from the non-voice segment, we think Maxis' strategy of offering more competitive voice packages for the sake of reclaiming its subscriber losses will eventually depress its margins," Public Investment said in a note. However, the research house said Maxis' downside risks will be cushioned by its dividend yield of 40 sen per share. Maxis shares slipped 1.02 percent against the Malaysian benchmark stock index's 0.86 percent fall. -- Reuters |
| KL shares sharply lower in early trade Posted: 23 Sep 2012 07:29 PM PDT Share prices on Bursa Malaysia open sharply lower in early trading Monday in tandem with declines in share prices in regional markets, weighed down by lingering concerns over the eurozone debt crisis, dealers said. As at 9.10 am, the FTSE Bursa Malaysia KLCI (FBM KLCI) lost 26.49 points to 1,597.21 after opening 9.35 points lower at 1,614.35. The Finance Index plunged 174.05 points to 14,428.57, the Plantation Index dipped 48.681 points to 8,230.60 and the Industrial Index dwindled 26.42 points to 2,776.42. The FBM Emas Index fell 134.22 points to 10,914.45, the FBM Mid 70 Index declined 19.729 points to 11,962.40, while the FBM Ace shed 4.17 points to 4,234.31. Turnover stood at 49.96 million shares worth RM40.52 million. Among the actives, Hubline, Hubline Bhd-ordinary rights and I-Power were unchanged at six sen, half a sen and 8.5 sen. Ho Wah Genting slid 1.5 sen to 34.5 sen. Among the heavyweights, Maybank slipped five sen to RM9.10, Sime Darby lost 16 sen to RM9.63, CIMB Group shed 19 sen to RM7.34 and Petronas Chemicals slid 15 sen to RM6.39. -- BERNAMA |
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