NST Online Business Times : latest
NST Online Business Times : latest |
| Sime rebounds from 13-month low Posted: 19 Sep 2011 06:44 PM PDT Sime Darby Bhd rose the most in four months in Kuala Lumpur trading, rebounding from a 13-month low. The stock climbed 1.2 percent to RM7.79 as of 9:15 a.m. local time, set for its biggest gain since May 11, snapping a three-day, 11.5 percent slump. The recent slide was due to concerns Sime may have to make a general offer for Eastern and Oriental Bhd, UOB-Kay Hian Holdings Ltd. wrote in a report today. The probability of such an offer is unlikely, it said. -- Bloomberg  |
| Posted: 19 Sep 2011 07:58 PM PDT AirAsia Bhd, Asia's biggest listed discount carrier, fell to a three-month low after CIMB Group Holdings Bhd cut its share price estimate to reflect "weakening sentiments" on the stock due to the global economic outlook. The stock slid 2.4 per cent to RM3.27 at 10:42 a.m. local time in Kuala Lumpur trading, set for its lowest close since June 23. The share estimate was reduced to RM3.98 from RM4.32, CIMB said in a report. -- Bloomberg |
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