November 6, 2009

CIMB Invt cuts MRCB to 'neutral'

Published: 2009/11/06
Malaysian Resources Corp Bhd was cut to “neutral” from “trading buy” at CIMB Investment Bank Bhd, which said the property developer’s rights offer plan will dilute 2010 and 2011 earnings by 19 per cent and 23 per cent.

The stock slid 5 per cent to RM1.32 in Kuala Lumpur trading at 11:14 am, set for the biggest decline since August 19. -- Bloomberg

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Ibrahim bin Ramli@Nuang started his career with CIMB Wealth Advisors Berhad as Agency Manager in April, 2008.Previously he was an Internal Auditors and Accounts Executive with Perodua Sales Sdn Bhd since 17 August, 1994. His background:- 1.Certified of Achievement for Master Sales Leadership from Dr Lawrence Walter Ng of President of The Art Of Learning and International Of Learning Without Learning 2.Certified for eXtra Ordinary Performance of Lawrence Walter Award Certificate for One Million Ringgit Club 2007 3. Certified Life & General insurances 4. Conferred with Diploma in Business Studiess & Bachelor of Business Admin(Hons)Finance from UiTM, Terengganu Branch & Shah Alam respectively;

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