Journey to Wealth
Kenanga Today : 14 August 2012
NEWS HIGHLIGHTS
- MSM Malaysia's 2Q net profit falls 31.1% YoY to RM52.8m
- Handal's 2Q net profit falls 40.0% YoY to RM1.8m
- UAC earnings up on better margin
- FFM buys another 20.0% of Wilmar's flour mill
- Minorities advised to accept UM Land privatisation offer at RM2.50 per share
- Malakoff kicks off construction of RM6.5b Tanjung Bin plant
- Sime Darby gets China's nod for trading business
- Berjaya Assets' bid for lower public spread rejected
- MAS expects 15% growth in passenger load from India
- Encorp to expand landbank
FOREIGN NEWS HIGHLIGHTS
- Google plans to eliminate 4,000 jobs at Motorola division
- Baer close to buying Merrill wealth unit, says sources
Source: Kenanga
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