NST Online Business Times : latest
NST Online Business Times : latest |
| Kenanga initiates Hai-O with 'outperform' Posted: 16 Jan 2013 07:04 PM PST Kenanga Research initiated coverage of multi-level marketing firm Hai-O Enterprise Berhad with an "outperform" call, citing the company's strong business prospects. "We like Hai-O for its strong multi-level marketing business growth that will see it making a substantial growth in earnings," Kenanga said in a research note on Thursday. Hai-O has a decent dividend yield and has been constantly liquid with a net cash position while its capital expenditure and advertising costs are low, it added. Kenanga set a target price of RM2.90 per share for the stock. At 1013 (0213 GMT) Hai-O was down RM0.01 at RM2.48 while the benchmark composite index was down 0.02 points at 1682.62. -- Reuters
|
| Posted: 16 Jan 2013 06:45 PM PST Share prices on Bursa Malaysia recovered to open higher, from yesterday's losses, in tandem with gains in regional bourses, dealers said. At 9.20 am, The FTSE Bursa Malaysia KLCI (FBM KLCI) was 2.25 points better at 1,685.20 after opening 3.26 points higher at 1,686.21. Elsewhere, US stocks were flat with sentiment remaining cautious in view of the soft global economic outlook while in Japan, shares recovered from yesterday's declines. On the local front, the Finance Index gained 34.36 points to 15,433.4 and the Industrial Index perked 2.28 points to 2,811.24.
Gainers led losers 139 to 80, while 167 counters were unchanged, 1,270 untraded and 23 others were suspended. Volume stood at 193.4 million shares worth RM79.2 million. Actives, Patimas Computers was unchanged at 18 sen, Scomi Group gained one sen to 37 sen, Karambunai Corp was unchanged at 12.5 sen and D.B.E Gurney Resources rose half-a-sen to nine sen. Maybank rose four sen to RM9.08, Sime Darby slipped two sen to RM9.57, CIMB Group declined one sen to RM7.65 and Axiata Group increased two sen to RM6.68. -- Bernama
|
| You are subscribed to email updates from Business Times : latest To stop receiving these emails, you may unsubscribe now. | Email delivery powered by Google |
| Google Inc., 20 West Kinzie, Chicago IL USA 60610 | |
0 ulasan:
Catat Ulasan