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Top Glove downgraded, stock slips Posted: 19 Jun 2011 06:58 PM PDT Top Glove Corp, the world's biggest rubber-glove maker, fell in Kuala Lumpur trading after OSK Research Sdn Bhd downgraded the stock as the company reported quarterly earnings that were below expectations. The stock slid 1 per cent to RM5.21 at 9:46 a.m. local time, set for its lowest close since June 14. Top Glove's rating was cut to "neutral" from "buy," Jason Yap, an analst at OSK, wrote in a report today. -- Bloomberg |
Ramunia falls after Q2 profit halved Posted: 19 Jun 2011 06:15 PM PDT Ramunia Holdings Bhd, a Malaysian oil and gas services provider, fell to a two-week low in Kuala Lumpur trading after its second-quarter profit more than halved. The stock dropped 3.2 per cent to 45.5 sen at 9:10 a.m. local time, set for its lowest close since June 3. -- Bloomberg |
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