NST Online Business Times : latest
NST Online Business Times : latest |
| Short-term rates to remain stable Posted: 09 Apr 2013 07:07 PM PDT Short-term interbank rates are expected to remain stable Wednesday as Bank Negara Malaysia intervenes to absorb excess
The central bank estimated today's liquidity at RM23.319 billion in the conventional system and RM11.088 billion in Islamic funds. Bank Negara will call for four Al-Wadiah tenders -- RM800 million for seven days, RM500 million for 14 days, RM1.2 billion for 22 days and RM2.5 billion for 28 days. The central bank will also conduct one RM8 billion range maturity auction programme for five days to 91 days, RM400 million repo tender for 61 days and RM400 million Commodity Murabahah Programme for 19 days. At 4pm, Bank Negara will conduct up to RM15 billion conventional overnight tender and RM5.7 billion for Al-Wadiah overnight tender.-- Bernama |
| Posted: 09 Apr 2013 07:13 PM PDT RHB Research cut its target price on Malaysia Building Society Bhd to RM3.05 from RM3.15 after the lender's biggest shareholder expanded its share base by converting warrants. The Employees Provident Fund converted 331.7 million warrants, raising its stake to 69.9 per cent from 62.2 per cent, RHB said in a report on Wednesday. This may dilute the company's earnings per share by 18 per cent this year, said RHB. "While our new fair value suggests a limited upside, Malaysia Building Society's attractive loan and deposit campaigns, as well as the company's auto loans tie-up, may give rise to some pleasant surprises in the future," it added.
The stock was unchanged at RM2.73 as of 9.40am, while the benchmark index was up 0.14 per cent.-- Reuters |
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