Digi Plans To Return Excess Cash To Shareholders 5th October 2009

The FBM KLCI ended lower by 2.10 points at 1,206.25, with selling pressure across the board. For today, Digi plans to return excess cash to shareholders, MAS aims to post an operating profit in 2010 by focusing on enhancing customer satisfaction, generating revenue and intensifying cost-cutting. Heveaboard plans to raise new funds through 42.6m warrants and Proton plans to restore the Lotus brand name. E&O is optimistic about the take-up for Phase 2 its St Mary Residences serviced apartments in view of the recent rally in the Singapore and Hong Kong markets. Meanwhile, Japan’s August jobless rate fell to 5.5% from 5.7% in July while household spending rose, indicating that the country has emerged from its worst post war recession. Finally, both US stocks and crude oil price ended lower, with oil price dropping by US$0.87 to US$69.95.