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Tuesday, 28 July 2009

Kenanga Today highlight





COMPANY UPDATE

· RCE Capital (BUY; RM0.625; TP: RM0.70) - 10% private placement by August



NEWS HIGHLIGHTS

· AirAsia X fails to get Govt nod for flights to Sydney and Seoul

· Magnum’s jackpot boost

· UM Land expects RM1.2bil from mixed development project

· TM makes Halim chairman

· Lion reviewing Vietnam steel plant venture

· Shell to offer RON95 nationwide next month

· Metro Kajang to buy RM34m land

· Chinese buyer for John Master



FOREIGN NEWS HIGHLIGHTS

· Wall St. ends up slightly in late rally led by banks

· US new home sales rise sharply in June

China State Construction to list Weds

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