Stocks To Watch

[ridersenja]

KUALA LUMPUR: Key Asian markets are expected to open on a cautious note on Friday, Oct 29 after the mixed close on Wall Street.

The Dow Jones Industrial Average dropped 12.33 points, or 0.11%, to 11,113.95. The Standard & Poor's 500 Index gained 1.33 points, or 0.11%, to 1,183.78. The Nasdaq Composite Index added 4.11 points, or 0.16%, to 2,507.37.

Reuters reported cautious investors pulled back before expected upheaval from next week's elections and a likely announcement of more stimulus from the Federal Reserve.

Next week could bring significant shifts in both monetary policy and legislative direction, leading investors to largely disregard earnings and economic reports.

At Bursa Malaysia, stocks to watch are Marine and Heavy Engineering Holdings Bhd (MMHE), TENAGA NASIONAL BHD [], SUNRISE BHD [] and SOUTHERN ACIDS (M) BHD [].

The listing of MMHE would attract strong interest and prove the spark for the market which has been consolidating in recent days.

MMHE's institutional price is RM3.80 and retail price RM3.61. Affin Investment Research has a Buy and target price of RM4.50. It said MMHE is the best proxy to Malaysia's upstream O&G activities, given its exposure to the country's fabrication, deepwater engineering and CONSTRUCTION [] and marine conversion sectors.

Tenaga Nasional's earnings surged nearly 200% to RM389 million in the fourth quarter ended Aug 31, 2010 from RM133.4 million a year ago, but was cautious about the outlook due to increase in coal prices in the near term.

The national power company said revenue rose 5.4% to RM7.869 billion from RM7.462 billion.

For the just ended FY10, Tenaga reported net profit of RM3.197 billion, which was 274% above the RM853 million in FY09. The higher earnings in FY10 were boosted by a foreign exchange translation gain of RM632.6 million compared with a loss of RM1.177 billion in FY09. Revenue was RM30.32 billion, up 5.3% from RM28.78 billion.

Sunrise is expected to launch at least four major property projects with gross development value (GDV) totalling RM2.7 billion next year and anticipates to register better results for FY2011 ending June 30, given its large unbilled sales of RM1.2 billion.

Southern Acids is set to unlock its holding of 644.49 acres of land bordering Kota Kemuning, Shah Alam, although its board of directors are still exploring its options.

Nestlé (Malaysia) Bhd posted net profit of RM113.18 million in the third quarter ended Sept 30, 2010, up 42% from RM79.76 million a year ago, underpinned by stronger exports and improved domestic economy.

 

[bellamy]

thx bro ridersenja...pls keep posting!!

 

[ridersenja]

KUALA LUMPUR: Stocks at Bursa Malaysia and Singapore may play catch-up with the global markets and Wall Street on Monday, Nov 8 after US stocks closed higher, spurred by political changes and more cheap money from the Federal Reserve.

U.S. stocks rose for the fifth straight week as investors took heart from Republican gains in the elections and on news that more cheap money from the Federal Reserve was on the way.

According to Reuters, following a 3.6% rise in the S&P 500 this week, investors locked in profits on Friday, Nov 5, offsetting an unexpectedly strong payrolls report that reinforced optimism about the economy.

The Dow Jones industrial average edged up 9.24 points, or 0.08%, at 11,444.08. The Standard & Poor's 500 Index added 4.78 points, or 0.39%, to 1,225.84. The Nasdaq Composite Index rose 1.64 points, or 0.06%, to 2,578.98.

The S&P 500 has risen about 16% since September and indexes surged to two-year highs on Thursday, but investors began to question how long the upward trend could continue without a breather.

At Bursa Malaysia, stocks in focus would be UEM Land Bhd and its takeover of SUNRISE BHD [], oil and gas-related companies after crude oil hit a two-year high above US$87 a barrel and SAPURA RESOURCES BHD [].UEM Land Bhd has proposed a conditional takeover for all of Sunrise Bhd shares at RM2.80 per offer share via a share swap or an alternative offer by the issuance of redeemable convertible preference shares. The merger would result in the enlarged group benefiting from the stronger combined asset base of over RM5 billion.

UEM Land said by leveraging on the Sunrise Group’s robust financial strength and prospects, UEM Land is expected to be better positioned to accelerate its own business expansion and to secure new development projects.

UEM Land had offered to acquire Sunrise shares (excluding treasury shares) at RM2.80 which would be via the issuance of UEM Land shares at an issue price of RM2.10 each. Sunrise shareholders would receive about 1.33 consideration shares for every one offer share.

The second option was it would issue redeemable convertible preference shares of one sen each in UEM Land at an issue price of RM1 each. Sunrise shareholders would receive 2.80 RCPS for every one offer share.

The proposed offer is conditional upon UEM Land having received, before the close of the proposed offer, valid acceptances which would result in the offeror holding more than 50% of the voting shares of Sunrise.

Sunrise executive chairman Datuk Tong Kooi Ong said the proposed acquisition of Sunrise Bhd by UEM LAND HOLDINGS BHD [] will enable Sunrise to realise its value over a shorter period of time while allowing it to be part of a potential regional player.

"The acquisition will substantially enhance the capital structure and allows Sunrise to generate more sustainable earnings with possibility of new businesses," said Tong during a press conference following the announcement of the proposed acquisition on Thursday, Nov 4.

Meanwhile, oil and gas related counters could see rising interest following the sustained increase in crude oil price.

RHB Research Institute had said “hot money” inflows into emerging markets and strengthened ringgit could be potential short-term drivers to commodity prices including crude oil.

“We understand that further monetary easing in the US could cause a rise in commodity prices including crude oil. While this could eventually stoke inflation, we foresee that rising crude oil prices would provide near-term support to the trading interest of the sector and potentially sustain the upward momentum in oil and gas stock share prices,” it said in a recent report.

RHB Research said it was reviewing its valuation targets for several oil & gas stocks under coverage as we foresee trading interest in the sector to persist in the near term. For Dialog and Kencana it rolled forward its valuations to CY11 EPS in line with its valuation for the market. It left its fair valuations of Wah Seong, KNM and Petra Perdana unchanged.

Sapura Resources Bhd could see trading interest after Ekuiti Nasional Bhd (Ekuinas) acquired a 51% stake in an integrated education provider APIIT/UCTI Education Group for RM102 million from Sapura Resources.

Ekuinas inked a share sale agreement with Sapura Resources on Thursday, Nov 5 to acquire the 51% for RM102 million, which hinges on the approval of Sapura Resources shareholders at an EGM to be held later and the completion of final due diligence

 

[Nora619]

ada tips kaunter dari ceo bos....mestilah kenal org dalam...

 

[shahnd]

hermm kira kena perhatikan uem n sapura ker?

 

[ridersenja]

KUALA LUMPUR: Fresh corporate news and continued flow of liquidity into the market should underpin market sentiment on Wednesday, Nov 10 after the FBM KLCI rose to an all-time high of 1,526 on Tuesday.

On Wall Street, stocks fell for a second day on Tuesday as selling accelerated into the close, led by sharp losses in bank and metal stocks.

In a market ripe for profit-taking, sellers had a number of triggers late in the session to unload shares. The biggest negatives were a sudden decline in the euro and a late-day slump in the Treasury market, according to Reuters.

The Dow Jones industrial average slid 60.09 points, or 0.53%, to 11,346.75. The Standard & Poor's 500 Index dropped 9.85 points, or 0.81%, to 1,213.40. The Nasdaq Composite Index lost 17.07 points, or 0.66%, to close at 2,562.98.

Stocks to watch on Wednesday include OSK HOLDINGS BHD [], MALAYAN BANKING BHD [] (Maybank), PPB Holdings Bhd, IJM Corp Bhd, HARTALEGA HOLDINGS BHD [] and standalone brokerages and BURSA MALAYSIA BHD [].

The Edge FinancialDaily reported on Wednesday Maybank is rumoured to be keen on acquiring OSK Holdings Bhd, which is on an expansion trail in the Asean region, in a move to beef up the former's investment banking arm. OSK shares surged on Tuesday.

PPB shares could retreat after Wilmar International, the world's biggest listed palm oil PLANTATION [] firm, posted a worse-than-expected 60% fall in its third quarter as margins weakened but said it remained bullish about the future.

IJM Corp reported its joint venture -- Kiara Teratai-IJM -- has accepted a contract to design, build and equip the National Cancer Institute for a contract sum of RM690 million.

The contract was awarded by Kiara Teratai Sdn Bhd, which has a 60% stake in JV and IJM CONSTRUCTION [] Sdn Bhd 40%.

The project involves the construction of a hospital block and the completion date of the project is Aug 31, 2013.

Hartalega posted net profit of RM47.09 million in the second quarter ended Sept 30, 2010 from RM33.1 million a year ago as it benefited from an increase in demand and larger production capacity.

Revenue rose 37% to RM184.31 million from RM134.57 million.

Earnings per share were 12.96 sen compared with 9.11 sen a year ago. It declared an interim dividend of four sen per share.

Brokerages and stock market operator Bursa Malaysia Bhd could see rising interest after the FBM KLCI reached a new all-time higher. Volume of trades has also increased as investors seek higher returns from equities instead of bank deposits.

BINTULU PORT HOLDINGS BHD [] has secured a RM28.47 million contract from Bunga Tenaga Sdn Bhd to provide a vessel and crew for Bintulu Port Sdn Bhd.

The delivery period of the 45 tones ship-handling tug and crew would be 18 months.

SALCON BHD []’s unit has secured a RM52.46-million contract from Air Kelantan Sdn Bhd to refurbish and upgrade the water treatment plants in the state.

The contract duration is 20 months from the date of site possession. The contract included upgrading and construction of the Pintu Geng water treatment in Kota Bharu.

 

[ridersenja]

KUALA LUMPUR: Key regional markets are expected to advance on Thursday, Nov 11 after a firmer overnight close on Wall Street on expectations the rally will continue.

In the US, the dollar hit a one-month high on Wednesday after data pointed to an improving U.S. labor market while Wall Street rose as investors set aside recent worries whether a rally would continue, Reuters reports.

The Dow Jones industrial average closed up 10.29 points, or 0.09 percent, at 11,357.04. The Standard & Poor's 500 Index gained 5.31 points, or 0.44 percent, at 1,218.71. The Nasdaq Composite Index rose 15.80 points, or 0.62 percent, at 2,578.78.

US stocks were down earlier as investors worried the Fed might buy less debt than planned, while others feared the increased liquidity has propelled commodity prices higher, which could induce a harmful bout of inflation.

At Bursa Malaysia, stocks to watch include PUNCAK NIAGA HOLDINGS BHD [], LATEXX PARTNERS BHD [], SYMPHONY HOUSE BHD [] and KULIM (M) BHD [].

Puncak Niaga’s subsidiary Syarikat Bekalan Air SelangorSdn Bhd (Syabas) is suing the Selangor Government for RM471.64 million.

Puncak Niaga had instituted legal proceedings against the Selangor Government seeking the RM471.64 million as compensation due to it for the period Jan 1 to Dec 31, 2009.

Latexx partners Bhd reported a set of stronger earnings in the third quarter at RM17.62 million, up 23.5% from RM14.27 million a year ago.

It said on Wednesday, Nov 10 revenue rose 60.7% to RM129.87 million from RM80.84 million. Profit before tax rose 41.3% to RM20.16 million from RM14.27 million. Earnings per share were 8.19 sen compared with 7.33 sen. It declared an interim dividend of 2.5 sen per share.

Symphony House Bhd posted net loss of RM4.57 million in the third quarter ended Sept 30, 2010 when compared with net profit of RM2.23 million a year ago.

It said on Wednesday, Nov 10 that revenue dipped 2% to RM40.36 million compared with RM41.17 million mainly due to the lower transaction volume in the cheque processing business unit further to client attrition in 2009. Loss per share was 0.72 sen.

Kulim, which controls KFC HOLDINGS (M) BHD [] and QSR BRANDS BHD [], could continue to see trading interest following the surge in crude palm oil prices.

Kulim has interests in PLANTATION []s via a 50% stake in London-listed New Britain Palm Oil Ltd which owns 6,300ha of matured palm oil plantations in Papua New Guinea.

MALAYAN BANKING BHD [] says it is continuously seeking and assessing various propositions and opportunities that would help achieve its vision to be a regional financial services leader.

It said the objective of such opportunities was to help create shareholder value.

 

[ridersenja]

KUALA LUMPUR: Investors are expected to stay cautious this week, starting Nov 15 after the sharp falls in the past two trading days as fears of rising interest rates in China accelerated profit taking.

Wall Street ended a five-week winning steak on Friday, Nov 12 as investors booked profits and reassessed their bullish positions in equities.

Reuters reported investors worried tighter credit in China would curb demand for commodities, driving down energy and natural resource stocks. The two sectors were the biggest drag on the S&P.

A string of global worries, including debt problems in Ireland, have prompted investors to reassess their positions.

The Dow Jones industrial average fell 90.52 points, or 0.80%, to end at 11,192.58. The Standard & Poor's 500 Index slid 14.33 points, or 1.18%, to 1,199.21. The Nasdaq Composite Index dropped 37.31 points, or 1.46%, to 2,518.21.

At Bursa Malaysia, the FBM KLCI fell below the crucial 1,500 level, which is now the resistance level as investors took profit on Thursday and Friday. On Wednesday, the KLCI had hit an all-time intra-day high of 1,531. Of concern is that after the heavy trading volume and surge in share prices mid-week, the T+3 pay-up days would be on Tuesday and Wednesday.

Stocks to watch on Monday are companies with fresh corporate news including BANDAR RAYA DEVELOPMENTS BHD [] (BDRB), TAN CHONG MOTOR HOLDINGS BHD [], Pacific & Orient Bhd and MALAYAN BANKING BHD [].BDRB is teaming up with Country Heights Land Sdn Bhd (CHLSB) to undertake a housing project costing RM481 million in Pekan Baru Sungai Besi, Selangor.

Its projected gross development value (GDV) would be RM652 million and the projected gross development profit at RM170 million.

Meanwhile, Tan Chong Motor will invest RM285.0 million to manufacture and assemble luxury passenger cars at the Kota Kinabalu Industrial Park in Sabah.

It had received a government approval to manufacture and assemble luxury passenger vehicles and commercial vehicles. The approval is for luxury passenger cars with engine capacities of 1,800cc and above, at on the road price of not less than RM150,000.

Meanwhile, Pacific & Orient called off the preliminary negotiations for the proposed divestment of an equity interest in Pacific & Orient Insurance Co. Bhd to Prudential Holdings Ltd. It had informed Bank Negara Malaysia the proposed divestment discussions had been discontinued.



Maybank earnings were RM1.028 billion in the first quarter ended Sept 30, 2010, up 16.6% from RM881.80 million a year ago, underpinned by improvements in all the divisions, including its Indonesian operations.

Its revenue rose to RM5 billion from RM4.56 billion. Earnings per share were 14.53 sen versus 12.46 sen.

Maybank’s net interest income increased by 9% or 146.9 million in the first quarter ended Sept 30, due to improvements in the group’s operations from higher net interest income margins in Malaysia arising from increases in the overnight policy rate and expansion of market in Indonesia.

Income from Islamic Banking operations decreased by RM43.3 million or 11.3% to RM338.2 million due to higher provision for profit equalisation reserves in the Islamic business but mitigated by increase in growth in assets which increased gross income in Islamic business.

Maybank expects its performance for the financial year ending June 30, 2011 to be better than the last financial year and on track to meet the targeted 14% return on equity.

 

[shahnd]

malayan sure goes up

 

[ridersenja]

malayan sure goes up

rege ada mahal sketla..
and non syariah