Bursa Malaysia Stock Watch
EONCap, Hong Leong shares actively traded
kltrader
Publish date: Mon, 09 May 2011, 01:34 PM
kltrader
0 20,411
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.
EON Capital Bhd (EONCap) and Hong Leong Bank Bhd shares were actively traded this morning following the completion of their merger.
The acquisition of the assets and liabilities of EONCap by Hong Leong Bank was completed on May 6 following the full remittance of the RM5.1 billion sale consideration to EONCap.
As at 10.35am, EONCap was up ten sen at RM7.50 while Hong Leong Bank advanced 22 sen to RM10.66.
EONCap shares gained after the company planned to distribute RM312 million in specisl dividend, which it accrued from EON Bank Bhd, to all entitled shareholders.
HwangDBS Vickers Research Sdn Bhd, in its research note today, said its top and Buy pick was Hong Leong Bank due to its domestic strength and prospects of an enlarged entity with the inclusion of EONCap.
It also maintained a hold for EONCap. - Bernama
The acquisition of the assets and liabilities of EONCap by Hong Leong Bank was completed on May 6 following the full remittance of the RM5.1 billion sale consideration to EONCap.
As at 10.35am, EONCap was up ten sen at RM7.50 while Hong Leong Bank advanced 22 sen to RM10.66.
EONCap shares gained after the company planned to distribute RM312 million in specisl dividend, which it accrued from EON Bank Bhd, to all entitled shareholders.
HwangDBS Vickers Research Sdn Bhd, in its research note today, said its top and Buy pick was Hong Leong Bank due to its domestic strength and prospects of an enlarged entity with the inclusion of EONCap.
It also maintained a hold for EONCap. - Bernama
More articles on Bursa Malaysia Stock Watch
Tambun Indah - The 2nd Penang Bridge To Narrow Property Price Gap
Created by kltrader | Oct 11, 2012
Plantation ' Share Prices Not Reflecting CPO Price Movement ' Is A Correction Coming? (Neutral)
Created by kltrader | Oct 11, 2012
Discussions
Be the first to like this. Showing 0 of 0 comments
Post a Comment
Featured Posts
Introducing MY's First IPO Fund for Sophisticated Investors!
New Update. Discover investment communities that resonate with your ideas
M & A Value Partners IPO Equity Fund has been launched - Targeted 13% Return p.a
Latest Videos
Apps
Top Articles
1
BFM Podcast
2
3
4
CGS-CIMB Research
Genting Plantations - Proposed Land Acquisition in Indonesia
5
Koon Yew Yin's Blog
6
Good Articles to Share
#
Stock
Score
Daily Stocks
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
MQ Trading Signals
Stock
Time
Signal
Duration
Stock
Time
Signal
Duration
Featured Advertisers / Partners
Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
