Tuesday 27 November 2012

Kenanga Today - 27 Nov 2012


NEWS HIGHLIGHTS
- MSM 3Q profit falls 11.5% on lower sales
- United Plantations 3Q profit falls, expects lower profit for 2012
- Favelle Favco 3Q profit at RM25.1m
- Deleum's 3Q pre-tax profit rises to RM17.4m
- Cocoaland 3Q profit rises as new production line kicks-in
- Hovid 1Q profit jumps in absence of associate loss
- Zecon posts 3Q net loss RM2.9m from additional costs for project
- Petronas makes 2 big gas discoveries offshore Sarawak
- Jaya Tiasa to spend RM235.0m on capex
- High Court orders winding-up of debtors owing RM427.8m to MUI

FOREIGN NEWS HIGHLIGHTS
- L’Oreal to buy Urban Decay to expand in specialist makeup
- Lehman scraps Archstone IPO plan in USD6.5b sale
- ConocoPhillips to sell Kazakh stake for USD5b to ONGC  

Source: Kenanga

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