News & Analysis » Malaysia

Malaysia stock market and companies daily report (January 31, 2012)

Economists note that with external uncertainties still looming, Bank Negara Malaysia (BNM) is likely to leave borrowing costs unchanged and should not be in any rush to cut rates of the overnight policy rate (OPR) at 3% or the statutory reserve ratio at 4%. For the full year ended 31 Dec-11, Public Bank recorded an all-time high net profit of RM3.48 billion last year, which is 14.3% more than the RM3.05 billion recorded in 2010, on the back of a 15.6% rise in revenue to RM12.8 billion. Malaysia Airports Holdings (MAH) has proposed private placement of up to 110 million new shares, to raise around RM600 million.