Dow Closes Above 13,000 for First Time Since Financial Crisis

NEW YORK (Reuters) - The Dow closed above 13,000 for the first time since May 2008 on Tuesday and the S&P 500 also hit a milestone, as buoyant U.S. consumer confidence data and a sharp drop in oil prices nudged the nearly five-month rally forward.

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The Dow is Going To 20,000 by the end of 2012

WCT's unit clinches RM331m job in Sabah

PETALING JAYA (Feb 22, 2012): WCT Bhd's unit WCT Construction Sdn Bhd has won a RM331 million contract from Riverson Corp Sdn Bhd to build a mixed commercial development with a medical centre, in Kota Kinabalu, Sabah.

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Analysts raise AFG share target

KUALA LUMPUR: At least five research houses raised their target prices for Alliance Financial Group Bhd (AFG) after the banking group posted slightly better-than-expected third quarter results.

The group, which owns Alliance Bank, saw net profit rise by 9.1 per cent to RM121.4 million.

This helped its nine-month net profit grow by 14.8 per cent to RM372.3 million, accounting for about 80.9 per cent of an analyst consensus estimate for the full year.

Read more: Analysts raise AFG share target

The ABC’s of Reading Stock Charts

Wall Street Ends the Week Up; Dow Close to 13,000

NEW YORK (Reuters) - U.S. stocks edged higher on Friday, but investors stayed cautious before a long holiday weekend when hopes are set for Greece's bailout plan to be approved.

The S&P ended its sixth positive week out of seven so far in 2012, lifting it near levels not seen in more than three years. The index has risen 8.2 percent so far this year.

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BJCorp

Felda Global IPO on May 10

Malaysian plantation firm Felda Global Venture Holdings Bhd will launch its initial public offering on Malaysia’s stock exchange on May 10, state news agency Bernama cited a senior government official as saying today.

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UOA Development Bhd - IPO Institutional Price RM2.60

UOA Development Bhd Website

JCY Q1 profit soars 20-fold to RM162m

Kuala Lumpur: Hard disk drive (HDD) component manufacturer JCY International Bhd’s net profit soared more than 20-fold to RM162 million for the first quarter ended December 31, 2011 from RM7 million in the same period previously.

The company is confident the current earnings is sustainable this year as it continues to benefit from high HDD orders at good
prices as a result of the floods in Thailand last October.

Read more: JCY Q1 profit soars 20-fold to RM162m

Time dotCom is expected to register a stronger sequential revenue growth

PETALING JAYA (Feb 7, 2012): Time dotCom is expected to register a stronger sequential revenue growth given the absence of global bandwidth sales in the third quarter of FY11, said OSK Research.

The research house has maintained its revenue forecast of RM93.3 million for Q4 FY11 and has upgraded Time dotCom to a trading buy at 69 sen with an increased fair value of 79 sen from 70 sen previously.
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Having upgraded its fair value of DiGi by 89 sen to RM4, OSK also adjusted Time dotCom's sum-of-parts (SOP) valuation to 79 sen which implies a potential upside of 14.5% from the current price.

"Note that the SOP component for DiGi now makes up 55% of our fair value for Time dotCom. Following the 5-into-1 share consolidation, our fair value will be adjusted accordingly to RM3.95," it said.

"If we were to incorporate the implied valuation of the acquired companies, the stock would be worth 83 sen,......

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Green Packet sees historic 2012 for its P1 unit

GREEN Packet Bhd expects its unit, Packet One Networks (Malaysia) Sdn Bhd (P1), which is among the world's first 4G service providers, to rake in better earnings this year with the strengthening of its 4G service.
Its chief executive officer Michael Lai said 2012 was going to be a historic year for P1.

He said P1 was set to become one of the few telcos attaining profitability in a record time of under five years.

"We have garnered a solid and growing subscriber base of more than 356,000 users in Malaysia as of the third quarter of 2011. We are looking to cross the 500,000 mark this year," he said.

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