Tag Archives: Technical Analysis

KUALA LUMPUR: Low-profile tycoon Tan Sri Robert Tan Hua Choon has sold his 51% stake in ceramic products company Goh Ban Huat Bhd at RM1.40 per share to Paragon Adventure Sdn Bhd.

KUALA LUMPUR: Glomac Bhd is expecting a better financial year ahead, to be driven by its planned property launches amounting to RM810mil.

SHANGHAI: Two investors have sold their stakes in Legendary Entertainment LLC, the film producer billionaire Wang Jianlin’s Dalian Wanda Group Co bought last year in the biggest acquisition of a Hollywood asset by a Chinese company.

BANGKOK: Thailand’s central bank raised its forecasts for 2017 economic growth and exports on Wednesday, while leaving its key interest rate unchanged, shrugging off calls from the government and businesses for a cut to hold down the baht’s strength.

KUALA LUMPUR: Malaysia Airlines has signed a letter of intent (LOI) with AerCap for the lease of six secondhand Airbus A330-200, as replacement for six Boeing 737 that are being returned to lessors.

KUALA LUMPUR: VS Industry Bhd sees its net profit more than triple to RM36.8mil in the fourth quarter ended July 31, compared with RM10.9mil in the same period last year, helped by higher sales orders from existing key customers.

KUALA LUMPUR: RHB Bank Bhd has issued the second tranche of RM750mil subordinated notes under its RM5bil multi-currency medium-term note (MCMTN) programme.

KUALA LUMPUR: In the first multilateral energy exchange or trading in Asean, Tenaga Nasional Bhd (TNB) has agreed to buy up to 100 MW of electricity from Laos using the transmission grid of a Thai state enterprise.

KUALA LUMPUR: Bursa Malaysia extended its decline for the seventh day on Wednesday on continued foreign selling with Genting Bhd, CIMB and Tenaga Nasional weighing on the FBM KLCI.

OVERVIEW Euro slips under 1.1800 against the Dollar for the first time in a month. Sterling slips as EU President Tusk say Brexit negotiations are not ready for the next stage yet. Euro is set for its worst day this year on political instability in Germany. HIGHLIGHT

The dollar was on the uptick through the morning session, then rallied broadly following Yellen’s comments, where she left a December rate hike firmly on the table, saying the Fed should be “wary of moving too gradually.” EUR-USD initially moved up to 1.1795 from 1.1780, before falling to new one-month lows of 1.1758. USD-JPY topped […]

The dollar saw a fresh upward phase, with USD-JPY gaining some 0.6 in making a two-and-a-half-month high at 112.88, and EUR-USD losing 0.5% in making a one-month low at 1.1731. The dollar also posted new highs versus the pound, the Canadian dollar and other dollar bloc currencies, and most other developed- and developing-world currencies. The […]