5th April - Stocks To Watch Bina Puri, CIMB, Daibochi, IRM, Triumphal, rubber glove companies

Stocks To Watch Bina Puri, CIMB, Daibochi, IRM, Triumphal, rubber glove companies
Business & Markets 2013
Written by Chong Jin Hun of theedgemalaysia.com
Thursday, 04 April 2013 18:42


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KUALA LUMPUR (April 4): Based on Bursa Malaysia announcements and news flow today, stocks to watch tomorrow (April 5) may include Bina Puri, CIMB, Daibochi, IRM, Triumphal, and rubber glove companies.

BINA PURI HOLDINGS BHD [] and Syarikat Prasarana Negara Bhd will jointly undertake a RM1.3 billion mixed-property development on a two acre site (0.8 ha) near the Tun Sambanthan monorail station within the Brickfields enclave here.

The project will include 1,660 units of small office versatile office or SOVO units, three 22-storey service-suite towers and a commercial podium.

CIMB Group Holdings Bhd may be closely watched as the stock goes ex-dividend tomorrow.

CIMB said last month it had fixed the issue price for new shares under its dividend reinvestment scheme at RM6.30 each. The scheme is undertaken for the company’s second interim dividend of 18.38 sen a share for financial year ended December 31, 2012.

Daibochi Plastic and Packaging Industry Bhd said it plans to get its shareholders’ consent to buy back its own shares amounting to a maximum of 10% of the company's issued share base.

The firm said details of the proposal will be despatched together with its latest annual report to shareholders in due course.

Meanwhile, Bursa Malaysia has queried IRM GROUP BHD [] on the unusual trading patterns of the latter's shares today.

The most-actively traded stock across the bourse with some 88 million shares done had fallen as much as four sen or 24% to 13 sen before closing at 13.5 sen.

Meanwhile, TRIUMPHAL ASSOCIATES BHD [] has requested for trading suspension of its shares tomorrow pending the release of a material announcement.

Shares of rubber glove manufacturers may be closely watched amid a bird flu outbreak in China.

According to a Reuters report, China said it was mobilising resources nationwide to combat a new strain of deadly bird flu that has killed three people, as Japan and Hong Kong stepped up vigilance against the virus and Vietnam banned imports of Chinese poultry.

The new H7N9 bird flu strain does not appear to be transmitted from human to human but authorities in Hong Kong raised a preliminary alert and said they were taking precautions at the airport.

In Japan, airports have put up posters at entry points warning all airline passengers from China to seek medical attention if they suspect they have bird flu.

A total of nine people in China have been confirmed to have contracted H7N9, all in the east of the country. Three infected people have died.

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