Malaysian Prime Minister Abdullah Ahmad Badawi dissolved parliament today in preparation for a general election. The country's election commission will set a date for the voting (the election date announcement is expected tomorrow).
STATE-controlled builder UEM World and cement maker Cement Industries of Malaysia Bhd suspended trading in their shares today, pending a major corporate deal. The exercise would include UEM Builders Bhd, Opus Group Bhd, Pharmaniaga Bhd and CIMA.
Merill and Kim Eng re-iterated their buy call on AMMB, which have seen some heavy selling recently. They argued that the price weakness provides an opportunity for investors to bet on the impending transformation of the Group and it is said to be on track to meet market consensus of FY08 net profit.
Market is getting a little bit more interesting. Don't you think?
However, if you disagree and are beginning to get a little tired of the market, why not try a little rejuvenation in Malaysia first fish spa!
What is this?
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