To recap, in late 2009, Wilmar International Ltd took up a 15.65% stake in Three-A. The plant is located near Wilmar's existing plant including Qinhuangdao Goldensea Foodstuff Industries Co Ltd, China’s largest soya protein producer.
Hence, it is widely expected that Wilmar will channel Three-A's products through its extensive sales and distribution network in China to food processors, particularly soya sauce producers.
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Proton to be suspended from trading from 4 May 2012 onwards.
In addition, a market talk on possible sale of Lotus on 25 April (which was denied by DRB later on Friday) and the recent launch of Proton’s flagship car model Preve were expected to be beneficial to DRB-Hicom.
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More impressively, the gross dividend payout ratio has exceeded 100% for the past few years, with the most recent payout ratio of 107% for FY11. Even though the company doesn’t have a fixed dividend policy, MIDF Research expects Panasonic Malaysia to continue churning out substantial dividend payouts to its shareholders.
Hwang DBS Vickers Research revised AEON Credit's target price to RM 9.20 on the same day pegging to 8 times PE ratio.
OSK Research indicated that a bonus issue would be a positive move to retail investors as liquidity is one of the concerns of AEON Credit.
AEON Credit rose 61 sen (6.3%) since 24 April to the week’s highest RM 10.26 on 26 April and closed at RM 10.06 at the end of the week.
Maybank Research stated that TopGlove sales volume picked up in its latest quarter to almost back to its H1N1 peak as well as its key production cost (latex cost) has begun its seasonal downtrend.
On 26 April, Kenanga recommended SEG International shareholders to reject the offer.and the market reacted negatively. Kenanga Research has set a target price of RM 2.41 for Seg International. Market has reacted negatively which saw a 5% drop in stock price.
Opening stock price was RM 1.81 on 26 April and dropped 5% to RM 1.72 to close the week.
This is not a surprise as Sunway’s pricing for its products has always been on the high side and 70% of its planned launches are priced at least RM1 million per unit. Amresearch recommends a fair value of RM 2.70.
Market was worried about its current valuation despite expecting the special dividend payout of 44 sen per share.
However, on 25 April, The Wall Street Journal reported that the UK has slipped into recession after GDP shrank for 2 consecutive quarters. To recap, the U.K. last entered recession at the height of a global banking crisis in 2008, and emerged from it in the third quarter of 2009 after five successive quarters of economic contraction.
Market is cautious about this purchase especially at times when the UK economy is facing uncertainty.
E and O dropped 4.8% since 23 April to close the week at RM 1.38.