NST Online Business Times : latest

Posted: 24 Feb 2013 05:48 PM PST

JHM Consolidated Bhd is buying industrial land in Sungai Petani, Kedah for RM2.97 million to build a precision metal stamping factory.

This deal works out to be RM15 per sq ft.

In its filing to the stock exchange on Friday, JHM said the land is owned by Perbadanan Kemajuan Negeri Kedah and leased to Oxford Prestige Sdn Bhd (OPSB) until 4 March 2050.

This Agreement is conditional upon OPSB obtaining the written consent from PKNK for the sale of the land.

So far, JHM has not appoint an architect and is therefore unable to finalise the construction cost of the factory.

Should the construction of the factory commence in the first quarter of 2014, the factory is expected to be completed by 2016.

KL shares open lower in early trading

Posted: 24 Feb 2013 06:17 PM PST

Share prices on Bursa Malaysia opened lower in early trading Monday in tandem with a few other bourses in the region on selling pressure, dealers said.

As at 9.40am, the FTSE Bursa Malaysia KLCI (FBM KLCI) was 1.82 points lower at 1,620.26.

Some of the regional bourses fell in early trading including South Korea's KOSPI Composite Index easing 1.33 points to 2,017.56 and Shanghai Composite losing 11.79 points to 2,314.16.

"We foresee more downside risks than upside potential, with the benchmark FBM KLCI likely to head towards the psychological mark of 1,600 ahead," HwangDBS Vickers Research said.

The research house said major US equity indices rose between 0.9 per cent and 1.0 per cent on Friday as better economic data in Germany lifted hopes that the eurozone economy remains on a gradual recovery track.

The Finance Index gained 9.63 points to 14,935.8, the Plantation Index dwindled 48.91 points to 7,853.98, while the Industrial Index shed 2.8 points to 2,780.71.

The FBM Emas Index lost 11.46 points to 11,001.05, the FBMT100 declined 11.319 points to 10,866.32, the FBM Ace Index added 3.94 points to 3,944.82 and the FBM Mid 70 Index was 8.29 points lower at 1,966.04.

Losers led gainers by 118 to 103, with 156 counters unchanged, 1,299 untraded and 25 others suspended.

Total volume stood at 101.66 million shares worth RM76.6 million.

Actives, Patimas Computers and Karambunai lost half a sen each to six sen and 11 sen, respectively.

Heavyweights, Maybank advanced six sen to RM9.13, Sime Darby lost one sen to RM9.20 and Axiata was flat at RM6.37.-- Bernama

Kredit: www.nst.com.my

Ahad, 24 Februari 2013

NST Online Business Times : latest

NST Online Business Times : latest

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