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MIDF cuts Hartalega to 'neutral' Posted: 06 Nov 2012 05:50 PM PST MIDF Research downgraded Hartalega Holdings Bhd, the world's top synthetic glove maker, to a "neutral" from "buy" after shares of the company reached an all-time high. "The stock has increased significantly in the last few months, appreciating 65.7 percent year-to-date and is currently trading at its highest level. At this juncture, we believe there is limited upside potential for price appreciation in the near term," said MIDF in a report on Wednesday. It maintained a target price of RM5.10 for the stock. The stock was buoyed by the company's improved earnings for the first half of 2013 financial year. Revenue rose 12 percent to RM502.7 million, while net profit rose 10.9 percent to RM111.9 million, according to MIDF. Hartalega shares were up 1.84 percent at RM4.98. -- Reuters

KL shares open trade lower Posted: 06 Nov 2012 06:38 PM PST Share prices on Bursa Malaysia extended losses for the third consecutive day Wednesday, despite advances seen on Wall Street overnight, dealers said. As at 9.40 am, the FTSE Bursa Malaysia KLCI (FBM KLCI) was 1.91 points lower at 1,647.45 after opening at 1,649.36. US stocks posted strong performance for the second consecutive day as the country went to the US presidential election to elect between Barack Obama and Mitt Romney for the president. On the local front, the Finance Index fell 3.27 points to 15,012.06, while the FBM Ace Index rose 13.72 points to 4,288.46 and the FBM Mid 70 Index added 17.56 points to 12,414.24. The Industrial Index shed 3.38 points to 2,851.33, the FBM Emas Index declined 13.22 points to 11,254.88, the FBMT100 slipped 12.88 points to 11,090.15 and the Plantation Index fell 8.48 points to 8,132.91. Gainers led losers 170 to 104, with 204 counters unchanged and 1,165 untraded. Volume stood at 172.846 million shares worth RM116.917 million. For the actives, Sycal Ventures earned one sen to 21 sen, while Niche Capital lost two sen to 16 sen. Among heavyweights, Maybank, Sime Darby, CIMB and Petronas Chemicals were flat at RM9.04, RM9.75, RM7.71 and RM6.45, respectively. Bernama

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Obama congratulates Romney on "spirited campaign" - Reuters Posted: 06 Nov 2012 09:27 AM PST By Jeff Mason CHICAGO | Tue Nov 6, 2012 12:24pm EST (Reuters) - U.S. President Barack Obama congratulated Republican rival Mitt Romney on Tuesday for running a hard-fought race for the White House and expressed confidence he would win re-election during a stop at a local campaign office to thank volunteers. "I ... want to say to Governor Romney congratulations on a spirited campaign. I know that his supporters are just as engaged and just as enthusiastic and working just as hard today," Obama said as volunteers made phone calls encouraging supporters to get to the polls. "We feel confident we've got the votes to win, but it's going to depend ultimately on whether those votes turn out. And so I would encourage everybody on all sides just to make sure that you exercise this precious right that we have that people fought so hard for us to have." Obama made calls to volunteers from the campaign office to thank them for working for his re-election. "I expect that we'll have a good night, but no matter what happens, I just want to say how much I appreciate everybody who supported me, everybody who's worked so hard on my behalf," he said. Opinion polls show Obama and Romney in a virtual dead heat, although the Democratic incumbent has a slight advantage in several vital swing states that could give him the 270 electoral votes needed to win the state-by-state contest. Traditionally presidential candidates get media attention on Election Day by going to vote. But Obama cast his ballot in Chicago last month - part of his campaign's push to get its supporters to vote early. So the president's visit to the office gave him a chance to get in front of the cameras, generate news coverage and encourage turnout. Obama and Romney, a former Massachusetts governor and private equity executive, have fought a largely negative campaign. Obama's team attacked Romney for his business record, and Romney's team criticized the president for presiding over high unemployment and a slow economic recovery. Obama's conciliatory comments represent the close of the bitter campaign and could appeal to last-minute undecided voters, who are turned off by the lack of bipartisanship in Washington. In addition to his campaign office stop, Obama is doing a round of interviews and is expected to play basketball with friends, a tradition for the sports-loving president on Election Day. (Editing by Xavier Briand)

Suspense to the finish, Biden surprises Romney-Ryan with dueling stop in ... - Washington Post Posted: 06 Nov 2012 09:34 AM PST CLEVELAND — Campaign 2012 packed frantic suspense to the finish, with Vice President Joe Biden flying in unannounced next to Republican Mitt Romney's campaign plane in battleground Ohio on Tuesday even as voters across the country were deciding who would win the White House. President Barack Obama stayed in hometown Chicago, reaching out to swing-state voters on the phones and via satellite while the other three men on the rival tickets had a high noon face-off near the shore of Lake Erie.

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