Stock Trading Pick – Bursa Malaysia joined key Asian markets to open lower on Friday

KUALA LUMPUR: Bursa Malaysia joined key Asian markets to open lower on Friday after the overnight fall on Wall Street, with Genting Malaysia and IOI Corp weighing on the FBM KLCI. Stock Trading Pick 

At 9.30am (Stock Trading Pick),

the KLCI was down 4.77 focuses or 0.27% to 1,765.76. Turnover was 175.44 million offers esteemed at RM82.67mil. There were 106 gainers, 221 failures and 226 counters unaltered.

Stock Trading Pick

Asian offers lost ground on Friday after a frail session on Wall Street, while worldwide sovereign obligation yields were lifted in all cases on wagers the European Central Bank is drawing ever nearer towards loosening up its enormous fiscal boost, Reuters detailed.

MSCI’s broadest record of Asia-Pacific offers outside Japan slipped 0.3%, after the Dow lost 0.7% and the tech-overwhelming Nasdaq fell 1% on Thursday, incompletely as higher Treasury yields diminished the interest of values.

Japan’s Nikkei was down 0.5%, South Korea’s KOSPI dropped 0.3% and Australian stocks declined 1%.

Hong Leong Investment Bank (HLIB) Research said following the negative execution on Wall Street, benefit taking exercises may rise and it might shorten the upside of the KLCI around 1,775-1,780. (Stock Signals

“Ought to there be an infringement underneath 1,760, next help will be set around 1,750,” it said.

Bursa Malaysia fell 28 sen to RM10.52, Genting Malaysia nine sen bring down at RM5.67 and IOI Corp eight sen down at RM4.53. MISC shed seven sen to RM7.36 with 100 offers done.

Heineken hit a hindrance, falling 86 sen to RM17.64 with 62,700 offers done, Hartalega nine sen down at RM6.78, Pintaras seven sen bring down ar RM4.20 and Petron six sen to RM7.80.

CCB rose 10 sen to RM2.35, CMSB added nine sen to RM4.13, Alcom five sen to RM1.74 and Lion FIB four sen to 57.5 sen.

DNeX and the warrants rose one sen each to 59.5 sen and 31 sen in dynamic exchange.

Stock Trading Pick

CIMB Equities Research is holding its Add call for DNeX with a higher entirety of-parts based target cost of 75 sen following its lady raid into downstream retail oil and gas. The last exchanged cost was 59 sen (Stock Tips).

Reuters announced oil costs fell by over 1% right off the bat Friday, with US unrefined prospects plunging underneath US$45 per barrel as news of an ascent in US generation added to before reports that OPEC yield was additionally on the ascent.

Brent rough prospects, the global benchmark at oil costs, were exchanging down 58 pennies, or 1.2%, at US$47.53 per barrel by 0137 GMT. US West Texas Intermediate (WTI) rough prospects were at $44.95 per barrel, down 57 pennies, or 1.3%.

Hot Stocks Of The Day

SENDAI
DNEX
VERSATL
IJACOBS
MUDAJYA
SGX INTRADAY SIGNALS: BUY GCCP AT 0.038 TARGET 0.040, 0.042 SL 0.035 
 

SGX INTRADAY UPDATE: GCCP AT 0.042, OUR FINAL TARGET DONE. 

For Live Update: www.mmfsolutions.my

Top 5 KLSE stock signals that you should consider as an investor

KLSE stock signals

Markets are uncertain and the investors are not sure when and where to invest, this is the most common problem one investor face. In such a situation, people follow various stock picks and stock signals (KLSE stock signals) to overcome this situation and analyze the market scenario.

2017 has observed various geopolitical phases prevailing in the industry and the stockholders and investors have found a way or other to manage profitable returns from these geopolitical tensions.

Malaysia has also observed a huge change in oil prices, export rates, changing economy growth, and so on. Therefore, to cop up with these changes, we bring you one of the most profitable stock signals, which either are into strong market phase or are good in dividend yields.

  1. Inari AmertronBhd

A double-digit return is expected as the company is expected to quote the growth in double digits this year. The company’s earning per share is expected to rise by 24% and revenue as per 22%.

The company is also going to benefit from the working relationship with Broadcom and 3 years supply agreement with apple.

  1. Magni-Tech Industries Bhd:

One of the largest equipment manufacturing company for the well-versed brand NIKE in Malaysia is expecting a huge sale and revenue growth this year and thus enhanced EPS. Currently the EPS ratio is around 10.09 TTM and a market cap of 1.212(B MYR).

  1. CLASSIC Scenic Bhd

The company is into wooden picture frame manufacturing and has share dividend yield of around 7% this year. This is much above the market average standards.

The last t=year performance of the company was also remarkable and the revenue rise was around 22.7% and gross profit margin rose up to 44%.

Other strong KLSE stock signals, which an investor must consider, are:

Sime Darby Bhd
Genting Malaysia Bhd
Ta Ann Holdings Bhd

Conclusion:

Malaysia is one of the fastest growing country with enhanced growth opportunity in terms of trade and revenues.

With this fact, the stock market investors have a strong growth opportunity of profitable returns. Reach us for similar stock market picks and latest signals. Start a free 3 days trial now and book the most promising returns for your KLSE stock investment portfolio.

CIMB Equities Research has downgraded top glove to hold but higher target price

KUALA LUMPUR: CIMB Equities Research has minimized Top Glove Corporation Bhd to Hold as stock is genuinely esteemed at RM5.61. – Latest Hot Stocks in Malaysia

It said on Monday taking after its profit overhaul,

Tts objective value ascends to RM5.75, still in view of 19 times CY18F cost to-income (P/E) (one standard deviation over its five-year mean).

Latest Hot Stocks in Malaysia

“Nonetheless, we downsize Top Glove to a Hold as it shows up genuinely esteemed after its current offer value appreciation. While the standpoint of the glove area stays brilliant, we trust Top Glove’s present valuations have calculated in the enhanced supply-request flow. – Latest Hot Stocks in Malaysia

“We would turn more positive upon a sharp gratefulness in US$/Ringgit or more grounded than-anticipated deals. Drawback hazard: more grounded evaluating rivalry,” it said.

Best Glove announced 3QFY17 income of RM869.9mil (+2.1% on-quarter) while center net benefit came in at RM77.7mil (- 6.4% on-quarter).

The weaker-than-anticipated outcomes were for the most part because of lower deals volume (- 5% on-quarter) as specific customers conceded buys in perspective of the spike in normal offering costs (ASPs).

Additionally, gainfulness was affected by valuing confound because of the time slack in passing on higher crude material costs (latex: +18.6% on-quarter, nitrile: +24.1% on-quarter).

Because of powerless 3QFY17 outcomes, 9MFY8/17 net benefit was underneath desires at 70% of our and 69% of Bloomberg accord entire year gauges.

The 9MFY17 income rose 15.7% on-year to RM2.5bil, because of higher deals volume (+5% on-year) and increment in ASPs (+7% on-year).

Be that as it may, net benefit fell 20.8% on-year to RM234.1mil because of: i) lower money picks up, ii) higher working expenses, and ii) spike in crude material costs (latex: +54% on-year, nitrile: +15% on-year).

The 9MFY17 income before intrigue, duty, deterioration and amortization (EBITDA) edges declined to 14.3% (- 5.5 rate focuses on-year).

"We anticipate that 4QFY17 will be more grounded on-quarter, with net benefit in the locale of RM85mil to RM90mil, on the back of: i) more grounded deals volume on-quarter, and ii) bring down costs for crude materials including latex value, which has declined to RM5.65/kg as of now (3QFY17: RM7.06/kg)," it said.

Beat Glove ought to likewise profit by the time slack in bringing down its ASPs to mirror the decrease in crude material costs.  Latest Hot Stocks in Malaysia

New limit from its Factory 30 (add up to limit: 2.8bil for every annum) will bit by bit gone ahead stream starting August 2017. Creation ability to ascend to 59.7bil gloves for each annum by December 2018F.

"We bring down our FY17F EPS by 2.3% to mirror the weaker-than-anticipated 3QFY17 deals volume. Be that as it may, we lift our FY18-19F EPS by 0.9%-3.5% to represent the lift to its generation limit (+1.1bil pieces per annum) taking after its current obtaining of two glove processing plants in May.

“This is notwithstanding three new plants as of now under development, with aggregate limit of 10.6 billion bits of gloves for each annum. Best Glove anticipates that its creation limit will increment by 24.3% to 59.7 billion gloves for every annum by December 2018 (from flow limit),” said CIMB Research.

Latest Hot Stocks for traders

1. FGV-C24 (Bursa: 522224): 0.055 +0.015 (+37.50%)
2. FGV-C26 (Bursa: 522226): 0.060 +0.010 (+20.00%)
3. FGV-C23 (Bursa: 522223): 0.055 +0.015 (+37.50%)
4. SMRT-WA (Bursa: 0117WA): 0.045 +0.010 (+28.57%)
5. FGV-C21 (Bursa: 522221):  0.030 +0.005 (+20.00%)

Stock Pick in Malaysia: Benchmark FBM KLCI remains higher at mid-morning

KUALA LUMPUR: The benchmark FBM KLCI stayed higher at mid-morning at over the 1,790-level on kept purchasing energy in chose heavyweights, in the midst of unfaltering provincial markets. – Stock Pick in Malaysia

At 11.05am (Stock Pick in Malaysia),

The key FTSE Bursa Malaysia KLCI (FBM KLCI) rose 6.50 focuses to 1,796.51 from Thursday’s 1,790.01, in the wake of opening 1.3 focuses better at 1,791.31.

Nonetheless, showcase expansiveness was negative with failures outpacing gainers 352 to 273, while 350 counters were unaltered, 819 untraded and 24 others suspended.

Turnover remained at 779.997 million offers worth RM482.84 million.

Among heavyweights, TNB rose eight sen to RM14.50, Axiata went up five sen to RM5.02, MISC bounced nine sen to RM7.44, Public Bank expanded six sen to RM20.44, Sime Darby added two sen to RM9.63, CIMB increased one sen to RM6.77 while Maybank was level at RM9.64.

Effectively exchanged stocks toward the beginning of today included SMTrack, which expanded 1.5 sen to seven sen, Netx Holdings and Frontken crept up a large portion of a-sen each to six sen and 31 sen, individually, while Nexgram and Sumatec were level at five sen and 5.5 sen. –  Stock Pick in Malaysia

The FBM Emas Index enhanced 29.51 focuses to 12,786.83, the FBMT100 Index was 31.42 focuses higher at 12,428.99, the FBM Emas Shariah Index extended 36.74 focuses to 12,996.89, the FBM 70 declined 12.35 focuses to 15,186.57 and the FBM Ace fell 4.92 focuses to 6,337.35.

On a sectoral premise, the Finance Index progressed 54.69 focuses to 16,929.61, the Plantation Index rose 7.97 focuses to 7,936.55 and the Industrial Index was 9.06 focuses higher at 3,296.37.

Stock Pick in Malaysia

Klse hot stocks: why it is the right time to consider buying hot stocks this month?

Who would not like to invest in a country, which is having a strong economy, compassionate government, highly developed infrastructure, educated people, and an attractive investment opportunity? Malaysia is a country where investments in hot stocks is very attractive and worth doing it.

So as an investor when you have n number of investment offers like investing in bonds, Forex, Comex, Banks, infrastructure, why you must opt for buying equity shares this month?

  1. Smartness is in inserting money where value is created and not stored

Financial advisory services in Malaysia suggests investing in stock markets as it is a source of creating wealth rather than just storing the your wealth. Investors are also aware about continues depreciation of paper money value.

Companies use the investor’s money for further expansion of their business and thus in a way investors get benefits from the company’s benefits.

Thus, always consider buying hot stocks as per stock picks for trading which can enhance your value returns.

  1. Long term business growth is expected with best stock picks in 2017:

Business, which have existence from so long in Malaysian country like Public Bank, Genting, Berkshire Hathaway, you must have noticed that today the returns are so much promising from these companies. 

Any investor who had invested in 1960’s-1970’s in these companies must be a millionaire today.

Reasons why you can be bullish on Malaysian Stock Markets:

  1. Higher GDP growth rate is expected this year.
  2. Investors have observed increased earning revision from past 5 years.
  3. As per latest share market recommendations, Investment is Ringgit is attractive as devaluation was observed in Malaysia. As the 18% REER devaluation over past 3 years is now almost finished.
  4. In the emerging markets, Malaysia has been consistently holding attractive yields.
  5. Banking sector is heavily benefit from the improving situation of macro environment.

Diverse baskets of stocks offers distinct diversification and every investor is suggested to invest highly in the stock markets as the returns are high. But make a note that you regularly stay updated with various equity tips for investing in hot stocks.

Bursa Malaysia opened higher this morning – stock recommendation

KUALA LUMPUR: Bursa Malaysia opened higher at the beginning of today yet supposition stayed lukewarm, with exchanging supported by the kept approaching instabilities as worldwide conclusion debilitated. stock recommendation

At 9.15am ( stock recommendation),

The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 0.80 of-a-point higher at 1,766.14 from yesterday’s end of 1,765.34.

stock recommendation

Prior, the list opened 1.08 focuses better 1,766.42.

On the more extensive market, washouts drove gainers 242 to 174 while 251 counters stayed unaltered with 1,125 untraded and 42 others were suspended.

Turnover remained at 268.16 million offers worth RM126.20 million.

Driving movers in the FBM KLCI part stocks were managing an account stocks, with CIMB increasing five sen to RM6.31, AMMB packed away 10 sen to RM5.20, Hong Leong Financial Group rose 24 sen to RM16.72 and Hong Leong Bank propelled 12 sen to RM14.08.

tTop-weighted heavyweights, Maybank added two sen to RM9.38, TNB and Public Bank were both level at RM13.78 and RM20.06, individually, while Sime Darby fell three sen to RM9.31.

Of actives, Sumatec and Tiger were both level at 6 sen and 6.5 sen, individually, BioAlpha facilitated 2.5 sen to 22 sen and AirAsia X enhanced a large portion of a-sen to 40 sen. stock recommendation

Settle drove the rundown of top gainers, sacking 54 sen for RM82.04, while best washout, Panamy, fell RM1.34 to RM35.00.

The FBM Emas Index was 5.09 focuses higher at 12,575.99, FBMT 100 Index increased 7.95 focuses to 12,221.03 and the FBM Emas Shariah Index facilitated 11.18 focuses to 12,838.67.

The FBM 70 was up 18.67 focuses at 14,940.38 yet the FBM Ace was 27.13 focuses bring down at 6,192.12.  stock recommendation

Part astute, the Plantation Index climbed 4.26 focuses to 8,014.46, Finance Index rose 65.21 focuses to 16,447.89 however the Industrial Index shed 1.57 focuses to 3,258.79.

stock recommendation

5 Ultimate Malaysian Stock Picks for Last 6 Months of Year 2017

Stock market has only one certainty that it will always remain uncertain. However, these fact have never demotivated KLSE market investors and traders. Earlier this year, we saw that US currency was powerful and will continue to remain powerful for the remaining year, which will boost the exports players.

In addition, Malaysia is looking forward for huge investment in the infrastructure. Moreover, the country is expecting a growth in plantation and agriculture industry. Another news is that the increased output is expected due to crude oil prices which will attract more investors.

This year Malaysia was host for Southeast Asian Games and this will attract tourist, benefit airlines, and gaming industry, and with all these good news, you must concentrate on 6 KLSE stocks picks for investing in 2017.

  1. Inari Amertron Bhd:

The electronic manufacturing company, which is an investing holding company, expects double-digit growth this year and its current operating profit is MYR 54,277,000. The reason behind this was increased demand in the groups’ products. Moreover, its diluted EPS was 8.10 SEN compared to 5.55 SEN last year. Also lot of property acquisition was huge.

This company is expecting to grow around 23.5% year on year, and revenue by 21.9%.

This company is one of the best example of sound management system and great relationship with Broadcom, which will highly benefit the company.

Therefore, you can look forward with this company to invest.

  1. Magni-Tech Industries Bhd

You are well versed with the brand NIKE. Magni is the company, which deals with manufacturing the best equipment for NIKE in Malaysia. This company also sell garments. The current revenue of the company was MYR 289,123,000. It profits from operations was around MYR 107,434,000 compared to 79,173,000 last year.

Recently the company announced 3 SEN per share in the month of April and 3rd interim dividend for last financial year of 3 SEN.

This year, the company expects a strong balance sheet and a price earning ratio of around 8.5 times.

This company has a track record with excellent balance sheet. Thus, the stock tips experts taking a risk call on this share recommended a strong buy call.

  1. Classic Scenic Bhd:

This company is known for manufacturing, selling and investment holding of wooden pallets, and wooden picture frame moldings. This company is also into the business of manufacturing and marketing timber products and deals with property holdings and rentals.

The company is also known for the dividend yield of 7% and investors think that the company is best for investing with defensive strategy due to uncertain external environments.

Investors witnessed 60% share price performance in the last year. Investors are attracted towards buying this stock for its above market average dividend yield strategy.

Revenue booked was rise of around 22.7% and net profit boosted around 87.5%. Gross total profit also expanded around 44% from 38.2% last year.

The company looks for aggressive exports and approximately 90% of sale is booked from exporting generally to US. Thus, strong US value contributes to attractive finances.

This company is a huge success in terms of niche market offerings and profits. Thus, best stock tips advisors recommends to for this Malaysia KLSE stock.

  1. Gamuda Berhad:

Gamuda Berhad is the company which is engaged in infrastructure and property development offerings. This company is divided majorly into 3 segments:

1. Engineering and construction

2. Property development

3. Water and expressway concessions

The company reported revenues of MYR 853,880,000 for the quarter. And a profit from operations of around MYR 168,219,000. Total revenue of the company was marked as MYR 2,411,970,000 against MYR 2,182,140,000 in the last year.

The company is looking for bigger rail tenders. Also the stock picks researchers suggest a 20%-30% upside to its current order books. This company is looking forward for a sustainable growth in the coming quarters.

Gamuda is also into work package with Pan Borneo Highway which is having a value of around RM 1.57 billion and its appointment of SRS consortium where it holds around 60% stakes.

A 12 month share target price of RM 5.46 is estimated. And the company has a huge buy call rating and is considered as one of the best option for Malaysia stock picks.

  1. Sime Darby Bhd:

This company is a multinational company involved in 5 major sectors:

1. Plantation

2. Property

3. Industrial

4. Motors

5. Logistics

Permodalan Nasional Bhd (PNB) controlling shareholder Tan Sri Abdul Wahid Omar, sets to benefit a proposed corporate restructure exercise.

The company expects a higher reconstruction value from this activity. Earlier PNB was holding around 53% stakes in Sime Darby and this company is observed as big cap picks in the strategy.

A positive fluctuation is observed in the share prices and better earning is the hope from the Malaysian stock market experts.

Other stocks, which you must look upon, are:

1. Genting Malaysia Bhd

2. Ta Ann holdings Bhd

Last note:

These Malaysian shares are attracting KLSE stock traders and investors so investing now.

For more market reviews and best KLSE trading recommendations contact us 

http://www.mmfsolutions.my/service.php

 

KLSE stock tips and trading recommendations: Things you must know about investing in Malaysia stocks

Have you come across the statement that investment is always smart idea! However, do you know why investing in Malaysia stocks is smart idea?

Most of the investors invest with a notion that investment is a good way to create wealth. However, they also know that it is a tricky way, which requires huge knowledge, latest stock tips and trading recommendations.

Few basic information about Malaysia Stock Market:

Bursa Malaysia stock market is open on all working days, with 2 sessions: 9 AM-12:30 PM, and the other in afternoon that is 2:30 Pm- 5 PM. FTSCKLSI that is Kula Lumpur Composite is a major stock market index which has around 30 different companies of Malaysia. As per KLSE stock research, most of them draw good results.

Trends and Predictions about KLSE share market and recommendations:

Last one year has shown many unruffled movements in share market and this is a very positive sign for Malaysian traders and investors interested in KLSE stock research. As per stock market recommendations, drastic changes are not expected for another 12 months for Traders in Saham Malaysia. This means, with help of Bursa stock tips, investors can achieve higher result rates out of their investments.

In addition, a large number of capital is expected to be invested in KLSE market, as investing is considered safe as risk is assumed lower and low financial advisory services expects a low volatility in the share market.

Investing Tips you must know about Malaysian stocks:

  1. Invest for future:

Look for long-term investments, and do not make trading in stock market, very complicated, just follow latest Bursa stock picks and try to start small with products, which ensure long term benefits.

stock tips

  1. Make wise expenses:

Debt is good, but one must never ignore the rising living cost and thus make expenses wisely before investing. For example, taking help of financial advisory services is a wise expense, as they will guide you with share market recommendations.

stock tips

  1. Define your goals:

With defined goals, you know your time horizons where you decide how long you need to invest. This will help you in making smart decision about stock investments. Also talk to your stock recommendation providers about your defined goals so that they will help you provide personalized investing tips.

stock tips

  1. Research about prevailing corporate governance

Refrain yourself from the companies that are showing bad management or corporate frauds. Do not invest in such companies, whose stock prices are falling due to bad management.

stock tips

  1. Keep an eye on insider traders:

Also, take a look upon shareholding structure of the company and check if there is any insider holding significant amount of share. If it is so, the insiders are trying to cash out when the time comes thus you can but the stocks when the insiders are buying more and more stocks when the prices are falling as it is a good sign.

stock tips

Last note:

Malaysia is a country where investors have shown keen interest in KLSE stock market and consistently look for best stock tips and recommendations to capture large investment returns. Thus as a smart investors you must research more and more about Malaysian stocks and its latest trading recommendations.

Why is hot stocks in Malaysia the most trending thing now

Malaysia is known for most volatile and bullish market, and investors keep looking for investments in hot stocks in Malaysia very often. Stocks are not only in the hot list when the company newly arrives into share market but also when the company performs excellently or states some important news and information.

Very recently Nestle’ Malaysia, one of the most trending hot stock of Malaysia fetched the attraction of investors, where they were amazed with the business model and company management skills of the company.

These investors started looking for the share market recommendation of this particular stock as the company has shown continual growth from last 13 years.

Company has stretched revenues from RM2,202 million in 2000 to RM 5 million 2013-2014. Also company has efficiently implanted the measures where cost saving approach is frequently followed. All this helped the stock to make place for itself in the hot stocks in Malaysia.

Another stock in KLSE investment markets i.e. Hartalega Holdings Bhd and top Glove Corp prices rose around 33 sen that is 6.42% and 16 sen that is around 3.27%. This happened because glove industry observed huge benefits from depreciation of Ringgits and industry recovered in gloves’ average selling price.

Thus, because of this financial advisory services recommended that the stocks would further observe sequential margin expansions.

KLSE investment active traders always look for most popular stock picks and equity tips when it is about hot stocks in Malaysia, as the latest share market recommendations helps them to fetch huge benefits from this investments.

Share trading tips for hot stocks in KLSE markets are important source of getting every bit of information about the hot stocks and investors buying decisions hugely depends on it.

Investors must keep in mind that as per relative strength index that is RSI, a reading below 30 is reflected as oversold and a reading above 70 is overbought of the shares. In addition, you must take a rise above 50 as a bullish move in hot stocks, which can pottery a potential chance of short-term gains.

Similarly, EkovestBHD prices tend to fall around 4% on its profits as construction and property companies observed a rise in share prices on 16 May.

The Final Note:

Thus every company, which is directly or indirectly related to each other will have an impact on the share prices whenever other company’s’ share prices fluctuate. In addition, such company falls into the list of hot stocks in Malaysian Markets.

Thus, every stock falling into hot stock list in KLSE markets is the most trending thing that the investors are looking for in order to make huge profits.

Stocks Tips : KLCI falls more than 12pts early Thursday

KUALA LUMPUR: Blue chips piled on one of the greatest misfortunes as of late in early Thursday exchange after the current clump of negative news, mindful key Asian markets and provoked speculators to take benefit. Stocks Tips

At 9.43am, the KLCI (Stocks Tips) was down 12.22 focuses or 0.69% to 1,760.29.

Stocks Tips

Turnover was 760.68 million shares esteemed at RM407.84mil. Decliners beat advancers 507 to 108 while 262 counters were unaltered.

Organization together DBS Research said taking after the lower close on Wednesday, it hopes to see complete offering interest again with support seen at 1,765.

“A fall beneath 1,765 would put weight on the benchmark file down to the consequent support at 1,755,” it said.

Asian stocks withdrawn on Thursday, taking their prompts from a quelled session on Wall Street, while the dollar held additions made after the Federal Reserve conveyed a hawkish approach explanation, Reuters announced.

Stocks Tips

Toward the finish of its two-day meeting, the Fed kept its benchmark financing cost consistent of course,

however made light of feeble first-quarter monetary development and accentuated the quality of the work showcase, a sign it was still on track for two more rate builds this year.

At Bursa Malaysia, Ekovest fell 24 sen to RM1.19 with 96 million shares done. It dove to a low of RM1.01 prior. The warrants, Ekovest-WB fell 14.5 sen to 98.5 sen with 12.25 million warrants exchanged.

Ekovest is connected to Tan Sri Lim Kang Hoo whose organization Iskandar Waterfront Holdings Sdn Bhd (IWH).

The joint wander organization amongst IWH and China Railway Engineering Corp (M) Sdn Bhd (CREC) was influenced by the Ministry of Finance’s TRX City Sdn Bhd move to pronounce that the share deal assention had been prematurely ended.

MKH common rights offers fell 36 sen to RM4.89 with 69,500 shares done. Malton lost 11 sen to RM1.38.

Genting Bhd fell 15 sen to RM9.80 while Public Bank was down 14 sen to Rm20 and AmBank gave ip 13 sen to RM5.47.

GDex lost 15 sen to RM2.82 and the warrants, GDex-WB fell 10 sen to RM2 while Pos Malaysia shed nne sen to RM5.55.

On a more positive note, Dutch Lady rose 32 sen to RM58.50 with only 300 shares done. KL Kepong added 28 sen to RM24.88, CI Holdings picked up 21 sen to RM2.54 and Petronas Gas was up 16 sen to RM19.16.

Vitrox proceeded with its stellar path, up six sen to RM5.98 while Paragon rose four sen to 56.5 sen.

Stocks Tips