Brent crude futures LCOc1 were down 19 cents at US$62.02 a barrel, having fallen by 1.5% on Tuesday, its largest one-day drop in a month. Indicative pricing for the bid was expected to be around A$5.30 per share, a 21% premium to Wednesday’s closing price of A$4.38. The announcement came as the group is scheduled to split and list its plantation and property arms come Nov 30. Bina Puri has ongoing property projects worth RM3.16bil in gross development value, which would sustain its earnings until 2020. The median forecast in a Reuters poll is for growth to come in at 5.8% for July- September.

Source: The Star November 16, 2017 00:58 UTC