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No wonder DIJAYA up pang pang sheng.
KUALA LUMPUR: JAKS Resources Bhd could attract trading interest on Tuesday, July 5 after it finally cleared the hurdle for a 1,200MW coal-fired power plant in Vietnam.
For JAKS, the investment certificate is important for it to go ahead with the signing of the projects documents which include the build-operate-transfer (BOT) contract, power purchase agreement, coal supply and land lease.
Other counters with fresh corporate news include DIJAYA CORPORATION BHD [], LION CORPORATION BHD [] and PETRONAS DAGANGAN BHD [].
DiYaya announced that Tael One Partners Ltd had acquired 22.75 million shares of the property company on Monday at RM1.65 per share. The shares amounted to 4.99%.
DiJaya said TAEL One was acting in its capacity as general partner of The Asian Entrepreneur Legacy One, L.P.
Lion Corporation Bhd has sought to defer payments totaling RM80 million on the bonds, debts and loan stocks from July 31 to Dec 31.
It said on Monday, July 4 it had issued notices of meetings dated July 1 to the holders of the bonds, US dollar debts and redeemable convertible secured loan stocks (RCSLS). The meetings of the lenders are scheduled to be held on July 25.
Petronas Dagangan has proposed a special gross dividend of 25 sen and final gross dividend of 35 sen per share in respect of the financial year ended March 31, 2011.
The company said the special and final dividends would be paid on Aug 28, subject to shareholders’ approval at its annual general meeting to be held on July 28.
Meanwhile, Prime Minister Datuk Seri Najib Tun Razak will officiate at the Economic Transformation Programme update at the KL Convention Centre in the morning. Also present will be Pemandu CEO Senator Datuk Seri Idris Jala.
This will include a presentation of the findings of the Strategic Reform Initiative labs and this could raise interest in Malaysian stocks.
Credit Suisse Research is maintaining its UNDERWEIGHT outlook on the palm oil sector. It said as palm oil output is expected to show another strong month in June, it believes that palm oil inventories could hit 2 million tonnes to 2.2 million tonnes, up by 30% to 55% on-year.
“This will likely suppress palm oil prices. Palm oil’s huge US$206 a tonne discount to soyoil is way above average, and may encourage some buyers to switch to importing more palm oil. This is a short-term positive, but not a major driver,” it said.
1 comments:
Yea.. these are the stocks we should focus for the day.
It really trade actively during the day when market open at 9am.
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