Bursa Malaysia Stock Watch
Kurnia Asia rises on premium target report
kltrader
Publish date: Thu, 17 Jun 2010, 11:58 PM
kltrader
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This blog provides consolidated Bursa Malaysia stock market research, analysis, news and blogs from various sources. You can search and find all the past analysis and coverage on stocks and news by searching within this site. While this blog re-publishes contents from other sites, it does not own the rights nor responsible for the accuracy of the contents. If you disagree to your content from being published here, please add a comment, and your article will be removed from this site.
Kurnia Asia Bhd, a Malaysian insurer, rose to a one-month high after the Business Times reported that the company aims to increase its gross premium collection by 10 per cent to RM1.1 billion this year.
The stock climbed 3 per cent to 51.5 sen at 10:10 am local time in Kuala Lumpur trading, set for its highest close since May 18.
Meanwhile, another daily reported that Kurnia Asia has applied for a licence to conduct Islamic insurance, or takaful, from Malaysia's central bank. The paper cited group chief financial officer Looi Kok Leng.
The application was submitted last year and Kurnia is still awaiting a response, it said. -- Bloomberg
The stock climbed 3 per cent to 51.5 sen at 10:10 am local time in Kuala Lumpur trading, set for its highest close since May 18.
Meanwhile, another daily reported that Kurnia Asia has applied for a licence to conduct Islamic insurance, or takaful, from Malaysia's central bank. The paper cited group chief financial officer Looi Kok Leng.
The application was submitted last year and Kurnia is still awaiting a response, it said. -- Bloomberg
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