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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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