KUALA LUMPUR (Oct 27): Based on corporate announcements and news flow today, stocks in focus tomorrow may include: Sunway REIT, Pavilion REIT, Perisai Petroleum Teknologi Bhd, TH Heavy Engineering Bhd, Destini Bhd, Yinson Holdings Bhd and Gadang Holdings Bhd. The proposed payout represents a full distribution of its realised distributable income of RM66.85 million versus RM62.33 million previously. Performance in the office segment of Sunway REIT was also compromised by the unsatisfactory take-up rates in Sunway Tower and Sunway Putra Tower. Perisai Petroleum Teknologi Bhd's 51%-subsidiary, SJR Marine (L) Ltd has defaulted on its financing facility of US$20.5 million (RM85.97 million) from OCBC Al-Amin Bank Bhd. Yeow was charged in July this year along with two others — Paulene Chee Yuet Fang and her remisier, Tan Yee Chee — for insider trading in relation to the proposed merger of Kencana Petroleum Bhd and SapuraCrest Petroleum Bhd in 2011.
Source: The Edge Markets October 27, 2016 16:11 UTC