23Jan
klse

Financial Klse Malaysia Stock Market Trading Picks And News – 23 January 2015

MARKET UPDATES :

  • KUALA LUMPUR: HSBC Global Research expects Malaysia’s revised fiscal target of 3.2 per cent from the original target of 3.0 per cent, for this year to be achieved.The research house, however, said it would require reduced operational spending and efficient implementation of the proposed economic measures.“For 2015, the government assumes that crude oil would average US$55 per barrel versus an earlier assumption of US$110 per barrel and the lower oil prices are likely to reduce fiscal revenues,” it said in a note today.The research house said to partially offset the shortfall, the government would encourage more companies to register for the six per cent Goods and Services Tax (GST) to be implemented on April 1.
  • KUALA LUMPUR: Ivory Properties Group Bhd (Ivory) has entered into a sale and purchase agreement with Aspen Vision Development Sdn Bhd to dispose off its entire 49 per cent stake in Aspen Vision Land Sdn Bhd (AVL) for RM55 million. In a filing to Bursa Malaysia, Ivory said the divestment would comprise 1.96 million ordinary shares of RM1 each and 177,380 Redeemable Preference Shares (RPS) of RM1.00 each at an issue price of RM100.00 per RPS.“The divestment will enable the group to unlock the value of its investment immediately as management opted to focus on projects located on the island of Penang and other states that can generate returns over a shorter gestation period,” it said.Payment for the disposal price would be satisfied in three instalments.
  • SUNWAY Bhd’s order book is set to swell to RM3.3 billion after it signed the letter of acceptance issued by SJIC Bina Sdn Bhd for the proposed design, construction, testing and completion of the Coastal Highway Southern Link in Johor for RM169.9 million.In its research note, Hong Leong Investment Bank (HLIB) said it is positive with the project as it will further increase the group’s outstanding order book and implies 2.26 times cover over Sunway’s 2013 construction revenue.“The Coastal Highway Southern Link is expected to benefit Sunway Iskandar, a major township by Sunway, Khazanah Nasional Bhd and Iskandar Investment Bhd, and other developments in Medini Iskandar,” HLIB told investors.
  • The ringgit ended lower against the US dollar yesterday in line with most other emerging currencies on growing concerns over the political tension in Greece, dealers said.At 5pm, the ringgit was quoted at 3.4970/5000 against the greenback compared to 3.4960/4980 on Monday.A dealer said China’s yuan, howeve, rose after the government announced that it would ease restrictions on currency trading by banks from January 1.
  • The ringgit was traded mixed against other major currencies.
  • It depreciated against the yen to 2.9256/9289 from 2.9027/9053 on Monday but strengthened against the pound to 5.4340/4397 from 5.4422/4474.

STOCK RECOMMENDATION :

  • BUY TITIJAYA LAND ABOVE 1.905 TARGET 1.940 1.980 SL 1.865

For more information about KLSE stock market please feel free to visit EPIC RESEARCH PRIVATE LIMITED.

22Jan
gold-bars

Comex Trading Signals and Market News – 22 January 2015

INTERNATIONAL COMMODITY NEWS :

Gold prices dipped in Asia on Thursday with investors focused on an upcoming European Central Bank meeting expected to further ease policy.On the Comex division of the New York Mercantile Exchange, gold futures for February delivery fell 0.22% to 1.290.80 a troy ounce in Asia.Overnight, gold remained above the $1,300-level on Wednesday, after data showed that the number of building permits issues in the U.S. fell unexpectedly in December, while housing starts topped forecasts, painting a mixed picture of the U.S. housing sector.

Oil prices dipped early on Thursday ahead of the expected announcement of a bond-buying program by the European Central Bank (ECB) later in the day that could push the dollar to new highs and put downward pressure on commodities.The ECB’s Executive Board has proposed a program that would enable it to buy 50 billion euros ($58 billion) in bonds a month starting in March, according to a euro zone source.The expected stimulus program has put pressure on the euro and sent the dollar, seen as a safehaven, soaring. The rising dollar, helped further by an expected U.S. interest rate hike this year and an American economy that is growing while Europe and Asia slow, has put downward pressure on oil, which has seen prices move than halve since last June due to oversupply, in part produced by soaring U.S. output.

• U.S. natural gas prices rebounded on Wednesday, as investors returned to the market to seek cheap valuations in wake of Tuesday’s almost 10% plunge.On the New York Mercantile Exchange, natural gas for delivery in February jumped 10.5 cents, or 3.71%, to trade at $2.936 per million British thermal units during U.S. morning hours, after rising by as much as 6.15% to hit $3.016.A day earlier, natural gas plunged 29.6 cents, or 9.47%, to settle at $2.831. It was the biggest one-day loss in 11 months.Futures were likely to find support at $2.795 per million British thermal units, the low from January 13, and resistance at $3.228, the high from January 16.

Copper prices declined for the second consecutive session on Wednesday, as concerns over the global economic outlook and the impact on future demand prospects dampened the appeal of the commodity.On the Comex division of the New York Mercantile Exchange, copper for March delivery slumped 4.2 cents, or 1.62%, to trade at $2.552 a pound during European morning hours, after hitting a session low of $2.549.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1297 TARGET 1302 1308 SL 1291
  • SELL GOLD BELOW 1284 TARGET 1279 1273 SL 1290

For more information about Comex Commodity Market Trading or Signals, Please visit- EPIC RESEARCH PRIVATE LIMITED.

22Jan
forex-trading-tips

IForex Market Trading Signals and News – 22 January 2015

TRADING TIPS :

  • Forex-Dollar lower against yen after BoJ holds.
  • Forex-NZD/USD rises off 2-week lows despite weak N.Z. inflation data.
  • Forex-GBP/USD falls despite U.K. jobs data, BoE minutes weigh.

GBP/USD
GBP/USD hit 1.5076 during European morning trade, the session low; the pair subsequently consolidated at 1.5106, shedding 0.25%. In a report, the U.K. Office for National Statistics said that the rate of unemployment dipped to 5.8% in the three months to November from 6.0% in the previous three month-period and better than expectations for a reading of 5.9%.The report also showed that the claimant count fell by 29,700 last month, compared to expectations for a decline of 25,000 people. November’s figure was revised to a drop of 29,600 people from a previously reported decline of 26,900.Data also showed that the average earnings index rose 1.7% in the three months to November, meeting forecasts, after increasing by 1.4% in the three months to October. Excluding bonuses, wages rose by 1.8% in the three months to November, below expectations for a gain of 1.9% and following a 1.6% increase in the three months to October.

EUR/USD
EUR/USD at 1.1563, not far from Friday’s 11-year trough of 1.1459 as investors waited to see if the European Central Bank would embark on an outright quantitative easing program on Thursday. The single currency has been pressured lower by mounting expectations that the ECB will launch a government bond-buying program, in a bid to stave off the threat of deflation in the euro area.Uncertainty over the outcome of Greek elections, due to be held on Sunday, with anti-bailout party Syriza leading in the polls also weighed.The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was down 0.30% to 93.07.

RECOMMENDATION :

1. Buy GBP/USD Above 1.5145-TG: 1.5165/1.5195 SL 1.5115
2. Sell GBP/USD Below 1.5078-TG: 1.5058/1.5028 SL 1.5108

For more information about Forex Signals and Market Updates, please visit EPIC RESEARCH PRIVATE LIMITED.

22Jan
klse

Financial Klse Malaysia Stock Market Trading Picks And News – 22 January 2015

MARKET UPDATES :

  • Bursa Malaysia closed higher today, supported by gains in small-capitalised counters as well as plantation andindustrial-related shares, a dealer said. As at 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) stood at 1,770.09, up 19.98 points after moving between 1,751.46 and 1,770.09 throughout the day. PPB Group, Petronas Chemicals and Sime Darby were the top contributors to the composite index, adding RM1.20, 17 sen and 21 sen, to RM15.20, RM5.11 and RM9.50 respectively.
  • The ringgit closed lower against the US dollar today on concerns about Malaysia’s economic growth following continuous decline of oil price amid stronger US economic outlook, dealers.At 5pm, the local note was quoted at 3.6140/6170 against the greenback compared with 3.6060/6730 on Tuesday.A dealer said the local unit eased as much as 0.5 per cent to 3.6250 per US dollar, its weakest since April 2009, before recovering on short-covering.
  • The central bank said the current interest level at 3.25 per cent is still accommodative.”We’ll review the risks to growth and inflation at this point,” Bank Negara governor Tan Sri Dr Zeti Akhtar Aziz said during an analyst briefing here.The government announced a downward revision in growth forecast to 4.5 – 5.5 per cent for 2015.”The midpoint at 5 per cent in this challenging conditions is still a positive.”She said credit growth will also benefit households and businesses especially the small and medium enterprises.The monetary policy committee will hold its first meeting next week.
  • Maybank has partnered with Asia Miles, a leading travel and lifestyle reward programme, that will enable Maybank cardmembers in Malaysia, Singapore, Indonesia and the Philippines to redeem Asia Miles with their Treats points.Maybank cardmembers can now charge their Maybank cards and use their Treat points to redeem an array of awards from Asia Miles.In a joint statement today, Maybank said to celebrate the partnership, a 33 per cent top-up bonus will be offered to cardmembers when they convert their Treats points to Asia Miles from today till February 28.
  • Mass Rapid Transit Corporation Sdn Bhd (MRT Corp) applauds the government’s decision to maintain the development expenditure of RM48.5 billion for 2015, and to proceed with the implementation of various infrastructure projects including MRT Line 2.”A second MRT line for the city is the logical step especially as we have taken the position of making urban rail as the backbone of public transportation for the Klang Valley.

STOCK RECOMMENDATION :

  • BUY JOBSTREET ABOVE 0.410 TARGET 0.435 0.485 SL 0.360

For more information about KLSE stock market please feel free to visit EPIC RESEARCH PRIVATE LIMITED.

21Jan
gold-bars

Comex Trading Signals and Market News – 21 January 2015

INTERNATIONAL COMMODITY NEWS :

Gold prices held mostly flat in Asia on Wednesday with investors looking ahead to events in Europe on the euro and Greece. On the Comex division of the New York Mercantile Exchange, gold futures for February delivery traded up 0.02% to $1,293.40 a troy ounce.Overnight, gold extended gains to trade near the $1,300-level on Tuesday, as investors looked ahead to the European Central Bank’s policy meeting later this week to see if it would launch a government bond-buying program.

Crude oil prices eased in early Asia on Wednesday as markets look ahead to data on U.S. supplies.The American Petroleum Institute will release its estimates of U.S. stockpiles of crude and refined products last week. The data is a day late because of a public holiday in the U.S. on Monday.That means the more closely watched data by the U.S. Department of Energy on U.S. supplies will come a day later on Thursday.On the New York Mercantile Exchange, crude oil for delivery in March eased 0.07%, to trade at $46.64 a barrel. The International Monetary Fund cut its global growth forecast for 2015 to 3.5% from a previous estimate of 3.8%, citing slowing economies in China, Russia, the euro zone and Japan. Meanwhile, official data released Tuesday showed that China’s economy grew 7.4% in 2014 from a year earlier, below the government’s official target of 7.5% and the slowest pace since 1990. It expanded 7.7% in 2013.

• U.S. natural gas prices sold off on Tuesday, after forecasts called for a late-January warm-up that was expected to limit demand for the heating fuel.On the New York Mercantile Exchange, natural gas for delivery in February tumbled 23.3 cents, or 7.45%, to trade at $2.894 per million British thermal units during U.S. morning hours, after hitting a daily low of $2.888, the weakest level since January 13. Nymex floor trading was closed Monday for the Martin Luther King Jr. holiday and transactions will be booked with Tuesday’s for settlement purposes. On Friday, natural gas declined 3.1 cents, or 0.98%, to settle at $3.127.

Copper prices fell sharply on Tuesday, after data showed that China’s economy grew at the slowest pace in 24 years last year. On the Comex division of the New York Mercantile Exchange, copper for March delivery slumped 4.9 cents, or 1.87%, to trade at $2.568 a pound during European morning hours, after hitting a session low of $2.563. Futures were likely to find support at the $2.517, the low from January 15, and resistance at $2.634, the high from January 16. Official data released earlier showed that China’s economy grew 7.4% in 2014 from a year earlier, below the government’s official target of 7.5% and the slowest pace since 1990.In the fourth quarter, China’s economy expanded at an annual rate of 7.3%, beating expectations for 7.2% and holding steady from the prior quarter.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1300 TARGET 1305 1311 SL 1294
  • SELL GOLD BELOW 1285 TARGET 1280 1274 SL 1291

For more information about Comex Commodity Market Trading or Signals, Please visit- EPIC RESEARCH PRIVATE LIMITED.

21Jan
Stacks of coins with the word FOREX isolated on white

IForex Market Trading Signals and News – 21 January 2015

TRADING TIPS :

  • Forex-Dollar remains broadly higher vs. other majors in cautious trade.
  • Forex- GBP/USD rises off multi-month lows in quiet trade.
  • Forex-Dollar rises to one week highs vs. yen after China GDP data.

GBP/USD
GBP/USD hit 1.5144 during European morning trade, the pair’s lowest since January 8; the pair subsequently consolidated at 0.7656, rising 0.28%.Cable was likely to find support at 1.5032, the low of January 8 and an 18- month low and resistance at 1.5236, the high of January 16.The dollar remained broadly supported after the Swiss National Bank shocked markets last Thursday by abandoning its three-year old 1.20 per euro exchange rate cap. Meanwhile, sentiment on the pound remained vulnerable after data last week showed that the annual rate of consumer inflation in the U.K. slowed to 0.5% last month from 1.0% in November. The slowdown in inflation underlined expectations that the Bank of England will keep interest rates on hold at record lows for most of this year.

EUR/USD
EUR/USD was steady at 1.1610 following the release of the data, holding above last Friday’s 11-year trough of 1.1459. The euro remained under pressure as investors waited to see if the ECB would embark on an outright quantitative easing program at its upcoming meeting on Thursday.The single currency has been pressured lower by mounting expectations that the ECB will launch a government bond-buying program, in a bid to stave off the threat of deflation in the euro area.Uncertainty over the outcome of Greek elections, due to be held on Sunday, with anti-bailout party Syriza leading in the polls also weighed.

RECOMMENDATION :

1. Buy GBP/USD Above 1.5175-TG: 1.5195/1.5225 SL 1.5145
2. Sell GBP/USD Below 1.5114-TG: 1.5094/1.5064 SL 1.5144

For more information about Forex Signals and Market Updates, please visit EPIC RESEARCH PRIVATE LIMITED.

21Jan
klse

Financial Klse Malaysia Stock Market Trading Picks And News – 21 January 2015

MARKET UPDATES :

  • The International Monetary Fund has cut its growth projections for emerging and developing Asian economies, including Malaysia.In its latest World Economic Outlook, it said the Asean 5 – Indonesia, Malaysia, the Philippines, Thailand and Vietnam — will likely grow by 4.5 per cent in 2014 ( a 0.2 per cent cut from its previous outlook) and 5.2 per cent in 2015 ( a 0.1 per cent cut from previous outlook) .These five countries are projected to grow by 5.3 per cent in 2016.In its latest outlook versus the previous one in October, the Fund said the growth is projected to remain broadly stable at 4.3 percent in 2015 and to increase to 4.7 per cent in 2016 — a weaker pace than the October forecast.
  • Mass Rapid Transit Corporation Sdn Bhd (MRT Corp) applauds the government’s decision to maintain the development expenditure of RM48.5 billion for 2015, and to proceed with the implementation of various infrastructure projects including MRT Line 2.”A second MRT line for the city is the logical step especially as we have taken the position of making urban rail as the backbone of public transportation for the Klang Valley.
  • The central bank said the current interest level at 3.25 per cent is still accommodative.”We’ll review the risks to growth and inflation at this point,” Bank Negara governor Tan Sri Dr Zeti Akhtar Aziz said during an analyst briefing here. The government announced a downward revision in growth forecast to 4.5 – 5.5 per cent for 2015.”The midpoint at 5 per cent in this challenging conditions is still a positive.”She said credit growth will also benefit households and businesses especially the small and medium enterprises.
  • There will not be any exodus of funds from Malaysia, says Bank Negara Malaysia Governor Tan Sri Dr Zeti Akhtar Aziz.Despite the ringgit’s fall, Malaysia’s current account surplus was healthy while foreign direct investments continued to flow into the economy.Zeti said this phenomenon included fluctuations in the foreign exchange market which was not unique to Malaysia.
  • Malaysia’s export of crude palm oil in 2014 slipped to 17.27 million tonnes, worth RM44.43 billion, against an offtake of 18.14 million tonnes, valued at RM45.26 million, registered in 2013.Output rose to 19.67 million tonnes in 2014 from 19.22 million produced in 2013, said the Malaysian Palm Oil Board (MPOB).Chairman Datuk AR Wan Khair-il Anuar Wan Ahmad said exports this year was expected to hover around that of last year’s level.“It will depend on demand from importing countries,” he told Bernama when commenting on the latest export figures.Meanwhile, Phillip Futures Sdn Bhd said demand for CPO was likely to record a marginal increase only in 2015 in view of weaker demand.
  • Maybank has partnered with Asia Miles, a leading travel and lifestyle reward programme, that will enable Maybank cardmembers in Malaysia, Singapore, Indonesia and the Philippines to redeem Asia Miles with their Treats points.Maybank cardmembers can now charge their Maybank cards and use their Treat points to redeem an array of awards from Asia Miles.In a joint statement today, Maybank said to celebrate the partnership, a 33 per cent top-up bonus will be offered to cardmembers when they convert their Treats points to Asia Miles from today till February 28.

STOCK RECOMMENDATION :

  • BUY HAP SENG CONS ABOVE 3.860 TARGET 3.900 3.960 SL 3.800

For more information about KLSE stock market please feel free to visit EPIC RESEARCH PRIVATE LIMITED.

20Jan
gold-bars

Comex Trading Signals and Market News – 20 January 2015

INTERNATIONAL COMMODITY NEWS :

Oil markets dipped on Tuesday as China’s economic growth for 2014 undershot a government target and hit its weakest annual expansion in 24 years, adding to worries in energy markets already suffering from slowing demand and oversupply.The world’s second- largest economy grew 7.4 percent last year, China’s National Bureau of Statistics said, less than the target of 7.5 percent. Growth in the fourth quarter held at its weakest in nearly six years, although coming in slightly better than expected at 7.3 percent.

Gold prices rebounded slightly in Asia on Tuesday mainly on improved physical demand and shrugging off data from China that suggested further monetary easing ahead.China said full year growth rose 7.4% in 2014, the slowest pace in 24 years, but quarterly data beat expectations.China’s fourth quarter GDP rose 7.3%, industrial production gained 7.9% in December and and retail sales increased 11.9%, all beating expectations. Economists expected the government to report that the economy expanded 7.2% year-on-year in the final three months of last year, down on the third quart

Copper fell sharply on Monday, as investors looked ahead to a raft of Chinese economic data due on Tuesday for further indications on the strength of the economy and the future path of monetary policy.On the Comex division of the New York Mercantile Exchange, copper for March delivery slumped 5.1 cents, or 1.93%, to trade at $2.567 a pound during U.S. morning hours. Trade volumes were expected to remain light on Monday, with U.S. markets closed for a holiday.

• U.S. natural gas prices plunged sharply on Monday, as weather forecasts predicted temperatures across the U.S. would not be as cold as previously thought, dampening near-term demand expectations for the heating fuel.On the New York Mercantile Exchange, natural
gas for delivery in February tumbled 12.0 cents, or 3.85%, to trade at $3.007 per million British thermal units during U.S. morning hours, after hitting a daily low of $2.978.

• Iran sees no sign of a shift within OPEC toward action to support oil prices, its oil minister said, adding its oil industry could ride out a further price slump to $25 a barrel.The comments are a further sign that despite lobbying by Iran and Venezuela, there is little chance of collective action by the 12-member OPEC to prop up prices – entrenching the reluctance of individual members to curb their own supplies.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1282 TARGET 1287 1293 SL 1276
  • SELL GOLD BELOW 1271 TARGET 1266 1260 SL 1277

For more information about Comex Commodity Market Trading or Signals, Please visit- EPIC RESEARCH PRIVATE LIMITED.

20Jan
forex-trading-tips

IForex Market Trading Signals and News – 20 January 2015

TRADING TIPS :

  • Forex-Japanese yen slightly weaker ahead of China GDP.
  • Forex- USD/CAD almost unchanged, near more than 5-year highs.
  • Forex-Dollar remains within close distance of multi-year highs in thin trade.

GBP/USD
GBP/USD hit 1.5234 during European morning trade, the session high; the pair subsequently consolidated at 1.5177, adding 0.18%.The dollar remained broadly supported after the Swiss National Bank abandoned its three- year old 1.20 per euro exchange rate cap in a shock move last Thursday.In addition, the University of Michigan said, in a preliminary report on Friday, that its consumer sentiment index rose to a 11-year high of 98.2 this month from 93.6 in December, compared to expectations for a rise to 94.1.The pound had come under pressure last week after data showed that the annual rate of consumer inflation in the U.K. slowed to 0.5% last month from 1.0% in November.The slowdown in inflation underlined expectations that the Bank of England will keep interest rates on hold at record lows for most of this year.

EUR/USD
EUR/USD gained 0.53% to 1.1628, pulling away from Friday’s 11-year lows of 1.1459.The euro remained under pressure amid mounting expectations that the European Central Bank will launch a government bond-buying program at its meeting on Thursday, in a bid to stave off the threat of deflation in the euro area.An interim ruling last Wednesday, which is likely to be accepted by the European Court of Justice, said the ECB was free to pursue a bond purchasing program without legal challenge.Last Thursday, the Swiss National Bank abandoned its three- year old 1.20 per euro exchange rate cap in a shock move, signaling that it expects the ECB to act this week.

RECOMMENDATION :

1. Buy GBP/USD Above 1.5103-TG: 1.5123/1.5153 SL 1.5073
2. Sell GBP/USD Below 1.5050-TG: 1.5020/1.4990 SL 1.5080

For more information about Forex Signals and Market Updates, please visit EPIC RESEARCH PRIVATE LIMITED.

20Jan
klse

Financial Klse Malaysia Stock Market Trading Picks And News – 20 January 2015

MARKET UPDATES :

  • Malaysia’s export of crude palm oil in 2014 slipped to 17.27 million tonnes, worth RM44.43 billion, against an offtake of 18.14 million tonnes, valued at RM45.26 million, registered in 2013.Output rose to 19.67 million tonnes in 2014 from 19.22 million produced in 2013, said the Malaysian Palm Oil Board (MPOB).Chairman Datuk AR Wan Khair-il Anuar Wan Ahmad said exports this year was expected to hover around that of last year’s level.“It will depend on demand from importing countries,” he told Bernama when commenting on the latest export figures.Meanwhile, Phillip Futures Sdn Bhd said demand for CPO was likely to record a marginal increase only in 2015 in view of weaker demand.
  • Maybank has partnered with Asia Miles, a leading travel and lifestyle reward programme, that will enable Maybank cardmembers in Malaysia, Singapore, Indonesia and the Philippines to redeem Asia Miles with their Treats points. Maybank cardmembers can now charge their Maybank cards and use their Treat points to redeem an array of awards from Asia Miles.In a joint statement today, Maybank said to celebrate the partnership, a 33 per cent top – up bonus will be offered to cardmembers when they convert their Treats points to Asia Miles from today till February 28.Maybank Head of Cards Group and Community Financial Services, B. Ravintharan, said today there are over 2.6 million Maybank Group credit cardholders in the four countries.
  • HSBC expects the ringgit to stabilise in the second half of this year and trade around RM3.57 to a dollar by year- end, says Head of Foreign Exchange Research Asia Pacific Paul Mackel.He, however, said the currency would remain volatile against the US dollar as the greenback strengthened broadly against major currencies.
  • The Malaysian Investment Development Authority (Mida) hopes the contribution of renewable energy (RE) to the country’s electricity generation to increase to five per cent this year from two per cent at present.Its Deputy Chief Executive Officer, Datuk Phang Ah Tong said the number of RE production sources was not encouraging as the country awaited the feed-in tariff (FiT) policy.He said in the Tenth Malaysia Plan (10MP), the RE production capacity was targeted to hit five per cent, instead it was languishing at less than two per cent as the country was nearing the end of the plan.
  • Genting Bhd today announced that DNA Electronics Limited (DNAe), its indirect 82.1 per cent-owned subsidiary, has completed the acquisition of the entire issued share capital of NanoMR, Inc (NanoMR) for a total cash consideration of about US$24.0 million (US$1= RM3.57).In a filing to Bursa Malaysia today, Genting said the acquisition was completed by way of a merger under the laws of Delaware, United States.NanoMR is a development-stage diagnostics company based in New Mexico while DNAe undertakes research and development on technologies for genetic analysis and sequencing.Genting said the purchase consideration was determined on a willing buyer, willing seller basis taking into consideration NanoMR’s know-how and intellectual property, which are expected to expedite DNAe’s development work.

STOCK RECOMMENDATION :

  • BUY VS INDUSTRY ABOVE 3.070 TARGET 3.100 3.150 SL 3.000

For more information about KLSE stock market please feel free to visit EPIC RESEARCH PRIVATE LIMITED.

© Copyright 2013, All Rights Reserved, Epic Research Pvt. Ltd.