NST Online Business Times : latest
NST Online Business Times : latest |
| Malaysia stocks may see more outflows Posted: 26 Sep 2011 06:18 PM PDT Malaysia stocks would see outflows of as much as RM14 billion if foreign ownership levels fall to the previous low, Credit Suisse Group AG said. Foreign ownership in Malaysia dropped to 21.6 percent in August from 22.1 percent in July, Tan Ting Min, an analyst at Credit Suisse, wrote in report dated today. Foreign shareholding touched a low of 20.3 percent in November 2009. "Stocks with high foreign shareholding could be vulnerable to a further sell-down in the current pessimistic environment: Air Asia Co (a foreign shareholding of 52 percent), Genting Bhd (with 42 percent), IJM Corp. (41 percent), CIMB Group Holdings Bhd (36 percent), Genting Malaysia Bhd (36 percent) and Gamuda Bhd (30 percent)," the analyst wrote. -- Bloomberg
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| Sime upgraded at Daiwa, stock advances Posted: 26 Sep 2011 06:21 PM PDT Sime Darby Bhd rose in Kuala Lumpur trading after the Malaysian plantation, industrial and automotive group was upgraded at Daiwa Securities Capital Markets Co to reflect its earnings prospects. The stock advanced 1.1 percent to RM8.14 at 9:12 a.m. local time in Kuala Lumpur trading. The company's rating was raised to "outperform" from "hold," according to Daiwa in a report. -- Bloomberg
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