Stocks To Watch

[ridersenja]

Stocks to watch: AirAsia, Paramount,PLUS, Oriental Food

KUALA LUMPUR: Markets are expected to see downside pressure on Wednesday, June 2 after the overnight slide on Wall Street, extending the losses for the second day.

On Wall Street, stocks fell on Tuesday as energy shares slid after the latest failed attempt to halt the oil spill in the Gulf of Mexico and the U.S. government announced a criminal probe into the disaster. Investors punished shares of companies directly involved with the spill and losses accelerated into the close following the news of the investigation.


Stocks to watch on Wednesday are AIRASIA BHD [], Paramount Corp Bhd, Oriental Food Industries Holdings Bhd and PLUS EXPRESSWAYS BHD [].
AirAsia Bhd has received an extension of the investment allowance incentive for another five years to June 30, 2014. The incentive is backdated from July 1, 2009.

With the extension, AirAsia is entitled to claim an income tax exemption in the form of an investment allowance of 60% on qualifying capital expenditure (capex) incurred within the period, which can be set off against 70% of statutory income for each year of assessment.

Paramount Corp Bhd, via its subsidiary Omni Assets Sdn Bhd (OASB), has entered into a sale and purchase agreement with Cyberview Sdn Bhd and Setia Haruman Sdn Bhd for the purchase of a 50.01-acre parcel of land in Cyberjaya for RM78.42 million cash.

Paramount said the purchase would be funded via its internal funds and bank borrowings. The freehold land within the Cyberjaya flagship zone is currently a vacant site, and is designated for residential use.

Oriental Food Industries Holdings Bhd has adopted a dividend policy of paying at least 35% of net profits to shareholders, starting from the financial year ending March 31, 2011 (FY11).

The manufacturer and exporter of snack food and confectionery has proposed final dividends comprising two sen per share tax-exempt and two sen per share franked-dividend less tax for FY10. It had earlier declared three interim tax-exempt dividends totalling six sen per share for FY10.


Oriental Food said the total dividend payout for the year amounted to RM5.7 million, representing about 46% of the group’s unaudited net profit of RM12.4 million.

PLUS Expressways Bhd group registered higher traffic volume in April, with the Linkedua Expressway (Malaysia-Singapore Second Crossing) and Elite Expressway (North-South Expressway Central Link) recording the most growth.

PLUS said Linkedua Expressway’s passenger car units (PCU) totalled 1.76 million, representing a 22.8% increase from a year earlier. Year-to-date, the Malaysia-Singapore Second Crossing’s PCU amounted to 6.74 million, growing by 22.5% year-on-year.

 

[ridersenja]

Stocks to watch: Banks, Talam, BCorp, Hock Seng Lee

KUALA LUMPUR: Market sentiment should perk up on Thursday, June 10 with the announcement of the 10th Malaysia Plan by the Prime Minister, putting the economy on a stronger recovery path.

Stocks which could attract interest are financial institutions as the government may take steps to liberalise the financial services sector under the 10th Plan, which stretches from 2011 to 2015.

There are plans to expand the services sector and increase its contribution to the GDP while steps are also taken to increase the productivity and attract new investments.

More details will be announced when Datuk Seri Najib Razak delivers the policy speech in Parliament at 11.30am.

Other stocks to watch are Talam Corp Bhd, Berjaya Corp Bhd and HOCK SENG LEE BHD [].
Talam will no longer be on the Practice Note 17 (PN17) list effective on Thursday. It had regularised its financial condition and that it "no longer triggers any of the criteria under Paragraph 2.1 of the PN17 of the Main Market Listing Requirements".

PN17 is a classification for companies that are in financial distress. Companies in this list would have to comply with the obligations to regularise its financial conditions; otherwise delisting procedures shall be taken against it.

Talam had been admitted into the PN17 list since Sept 1, 2006. Its auditors were unable to "express their opinion on the company's audited accounts" for its financial year ended Jan 31, 2006.

Meanwhile, Najib has reiterated that the government had yet to issue the licence to Ascot Sports to operate sports betting in the country.

"The government has not finalised discussions on the licensing terms and conditions with Ascot Sports to conduct bookie operations in Malaysia," he told the Dewan Rakyat.

Ascot Sports is the private vehicle of BCorp chairman and CEO Tan Sri Vincent Tan.

Hock Seng Lee Bhd and its partner Matrik Bestari Sdn Bhd received a letter of acceptance from the Public Works Department, Sarawak to build an access road linking Samarahan to Tanjong Bako. The contract sum is RM72.5 million.

“The consortium will carry out the works of the project as an unincorporated joint venture with HSL having 90% share in the project. The payment for the project shall be made partly in kind and partly in cash in the ratio of 50:50. The payment in kind shall be in the form of land,” it said.

Meanwhile, PREMIUM NUTRIENTS BHD [], which produces edible oils and fats, and animal feed, is targeting RM200 million worth of contracts over the next six months.

Its CEO and group managing director T T Rajah said the contracts would be procured from its existing customers as well as new ones from the Middle East and the Commonwealth of Independent States, comprising former Soviet republics.

In WIDETECH (M) BHD [], a filing with Bursa Malaysia showed Lim Hian Yu Sdn Bhd had increased its stake to 5.53 million shares or 12.35% after acquiring 2.5 million shares on May 11.

The Bank of East Asia, Ltd, meanwhile, was seen stepping up its acquisition of AFFIN HOLDINGS BHD []. The Hong Kong-based bank bought 1.6 million shares on June 4 and 7 and raised its stake to 341.2 million shares.

 

[ridersenja]

Stocks to watch: Pharmaniaga, SAAG, BCorp, Wah Seong

KUALA LUMPUR: Key regional markets could perk up on Monday, June 14 underpinned by the firmer close on Wall Street while the CBOE Volatility Index, a gauge of investor anxiety, fell 5.8% to settle at 28.79, its lowest level since May 13.

On Wall Street, the Dow Jones industrial average gained 38.54 points, or 0.38 percent, to end last Friday at 10,211.07. The Standard & Poor's 500 Index rose 4.76 points, or 0.44 percent, to 1,091.60. The Nasdaq Composite Index climbed 24.89 points, or 1.12 percent, to 2,243.60.

For the week, the Dow rose 2.8 percent, the S&P gained 2.5 percent and the Nasdaq advanced 1.1 percent.

Reuters reported that in another bullish sign, the S&P 500 found technical support around the 1,077 level that marks its 14-day simple moving average. The benchmark posted its first back-to-back close above its 14-day SMA since late April.

At Bursa Malaysia, sentiment could firm up further as investors digest news from the 10th Malaysia Plan announced last Thursday. Infrastructure stocks could advance as more jobs are rolled out.

Stocks to watch include PHARMANIAGA BHD [], BOUSTEAD HOLDINGS BHD [], Berjaya Corp Bhd, WAH SEONG CORPORATION BHD [], SAAG Consolidated Bhd and Tomei.
Boustead has launched a RM534 million acquisition of Pharmaniaga Bhd to buy an 86.81% stake from the UEM Group Bhd. The move is seen as crucial for Boustead as it seeks to strengthen its pharmaceutical business.

The offer price works out to RM5.75 per share or a 12% premium to its last traded price on Thursday of RM5.10. Both counters start trading on Monday.

Meanwhile, Berjaya Corp has clarified Ascot Sports Sdn Bhd has the Minister of Finance's approval to conduct a sports betting operations and that the formal licence which was first issued in 1987 is pending re-issuance.

It went on to state that "as such it is evident from the above statements that Ascot has the approval from the Minister of Finance to conduct a sports betting operations and that the formal licence which was first issued in 1987 is pending re-issuance".

In Wah Seong Corp, its managing director and chief executive officer Chan Cheu Leong says the group has an order book of RM1.2 billion, with the bulk or 57 % coming from its pipe-coating business.

He added the company is bidding for RM5.3 billion of projects, most of them located in Malaysia, Australia and Southeast Asia.

Chan said the oil and gas industry will see about US$170 billion being spent on deepwater exploration and production in the next five years, 75% of which will be in the Golden Triangle – comprising Brazil, Mexico and North Africa.

“Deepwater developments present an opportunity as WSC is one of the few companies who have the TECHNOLOGY [] and track record. This will enable us to further expand our core O&G pipe-coating activities, not only in the region but also globally,” said Chan.

Filings to Bursa Malaysia showed that Doraley Assets Management Ltd had sold down its stake in SAAG Consolidated Bhd from June 2 to 9

The British Virgin Islands-registered fund management company sold 60.38 million shares during that period, reducing its stake to 132.58 million shares or 7.34%.

As for Tomei, the country's second largest gold jewellery maker has its own unique means of protecting itself against the

 

[SiRentap]

Written by The Edge Financial Daily
Friday, 25 June 2010 14:38

KUALA LUMPUR: Syarikat Prasarana Negara Bhd (SPNB) managing director Datuk Idrose Mohamed says the first phase of the extension jobs of the light rail transit (LRT) projects involving the Kelana Jaya and Ampang lines has drawn 17 contractors for the infrastructure work.

Among the big names are Sunway Construction Sdn Bhd, IJM Construction Sdn Bhd, Muhibbah Engineering Sdn Bhd, Gamuda Bhd, Bina Puri Holdings Bhd, Loh & Loh Corp Bhd, MRCB Engineering Sdn Bhd as well as joint ventures such as WCT-Sinohydro, Ranhill-CCCC and UEM Builders-Intria Bina.

The first phase of the LRT extension jobs will involve a total 16.6km. For the Kelana Jaya extension line, the first phase will involve 9.2km while for the Ampang line it is 7.4 km.

The main infrastructure job, which is being eyed by the 17 contractors, is called Package A while Package B involves smaller construction jobs such as building and fitting of lifts and escalators and construction of parking facilities.

A pre-bid briefing was held with the pre-qualified contractors for Package A on June 22 and a site visit will be held on June 27.

“After the site visit, the contractors will be given six weeks to submit their tender. After that we will need another three months to evaluate the proposals before it is finalised,” Idrose said on Thursday, June 24.

“Construction work should start at the end of the year,” he told a press conference on the progress of the project.

Tenders for package B and other subcontract packages such as for the stations, escalators and lifts, and multi-storey car parks will be called later.

“There will be 24 subcontracts for each line under package B. The park and ride (car parks) will be open to other class A contractors who are currently not pre-qualified”, said Idrose.

Apart from infrastructure works, the LRT extension jobs have two other major components — the advance works and system works. The advance works relate to relocation of telecommunications cables, TNB cables and transmission lines, water mains and sewerage pipes and gas pipeline works.

The systems works comprise two elements, which are the engineering, procurement and construction (EPC) and signalling. The tender for the system works will be opened in September.

So far, SPNB has already awarded contracts for advance works worth over RM90 million to four contractors and work was expected to start in July, said Idrose.

While he declined to identify the value of the packages, he said SPNB had sufficient funds for the project and will raise another RM2 billion from its sukuk bond programme launched last September to finance the line extension project.

SPNB had raised RM2 billion earlier from issuing sukuk bonds which are guaranteed by the government. The total project cost is touted at RM7 billion.

Meanwhile, when asked about updates on the new Kota Damansara-Cheras LRT line, Idrose said SPNB was mulling the possibility of adding Sungai Buloh and Kajang stations.

He added that the company had completed its study of the new LRT alignment and will propose it to the cabinet soon, but did not identify an exact date.

 

[SiRentap]

KUALA LUMPUR: Key Asian markets are expected to start the new week Monday, June 28, on a cautious note, with the external factors continuing to dictate investors’ sentiment.

On Wall Street, the tech-heavy Nasdaq and broader S&P 500 rose modestly on Friday, as investors were relieved the financial regulation bill wouldn't crimp Wall Street profits as badly as feared.

The Dow Jones industrial average fell 8.99 points, or 0.09%, to 10,143.81. The S&P was up 3.07 points, or 0.29%, at 1,076.76. The Nasdaq Composite Index inched up 6.06 points, or 0.27%, at 2,223.48.

For the week, the Dow fell 2.9% for the week, the S&P 500 was off 3.6% and the Nasdaq Composite fell 3.7%.

At Bursa Malaysia, stocks are expected to see some downside pressure despite the late buying interest in selected heavyweights in the 30-stock FBM KLCI last Friday.

Concerns about the overseas impact, particularly in the US had affected local market sentiment.

Stocks to watch on Monday are Linear Corp Bhd, PETRA PERDANA BHD [], SUBUR TIASA HOLDINGS BHD [] and STAMFORD COLLEGE BHD [].

Bursa Malaysia Securities Bhd directed Linear Corp Bhd to immediately appoint a special auditor (SA) to undertake an investigation into the affairs of the company and in particular its financials.

Linear said it had received the directive from the regulator to have an SA to identify any potential irregularities, “including but not limited to the operations and maintenance of the Prime Savings & Trust accounts in Sweden where the RM36 million was purportedly paid out”.

Linear had to revert to Bursa Securities within two market days on the proposed scope of work and candidates of the SA for their concurrence.

Meanwhile, Petra Perdana received Bursa Securities’ approval to place out 10% of its paid-up share capital to Nam Cheong Dockyard Sdn Bhd. It would still need shareholders' approval at the June 28 AGM.

Petra Perdana’s said Nam Cheong was a potential strategic investor which could benefit the company in the long-term.

Subur Tiasa Holdings Bhd posted stronger earnings with net profit for the third quarter ended April 30, 2010 (3QFY10) surging 84% to RM10.43 million from RM5.68 million a year ago.

Revenue rose 4.8% to RM164.12 million from RM156.69 million previously while earnings per share (EPS) stood at 5.55 sen versus 3.01 sen. The board did not declare any dividend for 3QFY10.

Stamford College, whose shares surged last Friday in line with SEG INTERNATIONAL BHD [] and other education providers, could see some profit taking.

The Practice Note 17 company and is awaiting Bursa Malaysia Securities' approval for its proposed diversification into the manufacturing of low alloyed, alloyed and long steel products.

In the first quarter ended March 31, 2010, it reported net profit of RM1.61 million on the back of RM9.65 million in revenue. Its net assets per share were 56 sen.

 

[SiRentap]

KUALA LUMPUR: Key Asian markets are expected to see strong downward pressure on Wednesday, June 30 after Wall Street fell on growing fears of a weakening global economic outlook.

On Wall Street, Reuters reported the S&P 500 had tumbled below its 2010 intraday low of 1,040.78 during the session on Tuesday. The index closed at its lowest level since Oct 30, breaking its closing low for the year at 1,050.47 -- another bearish signal for markets.

The Dow Jones industrial average lost 268.22 points, or 2.65%, to 9,870.30. The Standard & Poor's 500 Index fell 33.33 points, or 3.10%, to 1,041.24. The Nasdaq Composite Index dropped 85.47 points, or 3.85%, to 2,135.18.

At Bursa Malaysia, stocks to watch include GLOMAC BHD [], Green Packet, SUNWAY HOLDINGS BHD [], NAIM HOLDINGS BHD [] and George Kent (Malaysia) Bhd.

Glomac's fourth quarter earnings surged 80% to RM12.45 million and the property developer expects its financials to improve, helped by the company's locked in real estate sales, upcoming property launches, and landbank expansion. Its unbilled sales of RM588 million as at end-April 2010 was a new record high for Glomac

Green Packet's Packet One Networks will use RM322.9 million (US$100 million) proceeds for stake sale to SK Telecom to fund phases one and two of its WiMax infrastructure.

The infrastructure rollout include its WiMAX network and provision of commercial wireless access services across Malaysia, and working capital purposes to ensure the successful rollout of its WiMAX service in Malaysia.

Sunway Holdings targets record earnings for FY10 and it expects CONSTRUCTION [] to account for 50% of earnings. Its current order book is RM3 billion and it is bidding for RM16 billion of contracts, of which RM10 billion are local jobs.

It is also mulling to set aside 20% of its profit after tax as dividend in FY11.

Sarawak-based builder and property developer Naim Holdings Bhd signed a memorandum of understanding with three other parties to explore the prospect of collaborating for the development of two community inter-linked smart cities.

The MoU was with the Miri City Council, and two other parties in China - Guangzhou Panyu Economy and Trade Promotion Bureau of Guangzhou, and Institute of Digital Guangdong for the development of the Panyu-Miri Smart Cities (PMSC).

PMSC shall create and maintain a special information super highway link between the smart intelligent cities of Panyu and Miri with a “mirror” computer server to be hosted in each other’s cities which will enable users in both cities to enjoy community linked projects.

George Kent, which posted a 45% rise in its latest quarterly earnings, is on a capacity expansion mode to strengthen the growth platform of its core businesses in water meters manufacturing and construction.

The group would invest RM50 million to double the production capacity of its manufacturing facilities to two million water meters per annum in three years from one million currently.

MUTIARA GOODYEAR DEVELOPMENT [] Bhd posted net profit of RM8.89 million in the fourth quarter ended April 30, 2010 and expects the current financial year to be satisfactory due to improving outlook for the overall economy.

Revenue was RM42.35 million. Earnings and revenue were before the adoption of the Issues Committee (IC) Interpretation with the effective date starting from Feb 1, 2010.

 

[dollarkey]

Sime Darby: Sets up another engineering unit in China
Sime Darby Bhd (SIME MK, Hold, TP: RM7.75) is expanding its position in China with the setting up of another company
there recently called Sime Darby CEL Machinery (Xinjiang) Company Ltd (SDCEL). The conglomerate received the
business license in China on Tuesday. According to its announcement on Bursa Malaysia, SCDEL’s entire capital pf
US$750,000 (RM2.43m) will be held by Sime’s wholly-owned subsidiary – The China Engineers (South China) Ltd. Sime
noted that the principal activities of SDCEL includes manufacturing and processing engineering machinery, electricity
generators sets, engines, agricultural machinery, special transportation machinery and relevant spare parts (including used
equipment and used spare parts). (Financial Daily)

Genting Malaysia: Submits bid for NY lottery
Genting Malaysia Bhd (GENM MK, Hold, TP: RM2.88) told Bursa Malaysia that its indirect wholly-owned subsidiary, Genting
New York LLC (Genting NY), had submitted a formal bid on Tuesday to develop and operate a video lottery facility at the
Aqueduct Racetrack in New York City. Genting NY had paid US$1m entry fee to the New York State Division of Lottery 1
Jun and had until 29 Jun to evaluate the project before deciding on submission of its bid. (StarBiz)

MAHB: Male airport job to cost US$373m and new LCCT ready by 2012
Malaysia Airport Holdings (MAHB) announced that the construction cost of its earlier announced project for the
rehabilitation, expansion and modernization of the Maldives Male International Airport is estimated to be US$373m
(RM1.21bn). MAHB had on 25 Jun announced that its partnership with India’s GMR Infrastructure Ltd (GMR-MAHB
consortium) had won the bid to build, operate, modernize and expand the airport. MAHB said the construction of the airport
was expected to start by the middle of next year and be completed by 1 Jul 2014. Furthermore, the new Low Cost Carrier
Terminal (LCCT) here is expected to be completed by 2012, Malaysia Airports Holdings Bhd MD Tan Sri Bashir Ahmad
said. He said the LCCT was taking longer to complete as construction was being undertaken on the basis on tender
exercise. “Also, we are currently redoing the design, as the new building is much bigger than the original concept. So, all
this has resulted in more time being taken for completion,” he told. (Financial Daily & StarBiz)

MRCB: Pays RM105m for control of GSB Sentral
Malaysian Resources Corp Bhd (MRCB) is paying RM105m to take full control of a property developer to expand earnings
and help it extend its lucrative KL Sentral development. The purchase is for a 60% stake in GSB Sentral Sdn Bhd (GSSB)
which owns a land adjacent to the KL Sentral Development that has been approved for a mixed development, comprising of
office and serviced apartments, with a total gross development value of RM850m. MRCB paid RM40.4m in December 2007
for a 40% stake in GSSB. (Malaysian Reserve)

Muda Holding: Expands paper production for RM181m
Muda Holding Bhd has embarked on a RM181m capacity expansion initiative (PM6 project) for its subsidiary, Muda Paper
Mills Sdn Bhd, and expects to double its output by next year. Muda Paper Mills currently produces 150,000 metric tonnes of
recycled industrial grade paper or corrugating medium per year. After the capacity expansion, Muda Holdings will be the
largest producer of recycled industrial grade paper in Malaysia with a combined output of 500,000 metric tonnes per annum.
The PM6 project is still in the process of installation and will have its first commercial run by 4Q10. (Malaysian Reserve)

Economy: NKEA identifies projects with GNI of RM506.5bn
The government’s 12 national key economic area (NKEA) labs have identified 118 entry point projects (EPP) and 35
business opportunities that may bring an estimated annual gross national income (GNI) of about US$156bn (RM506.6bn)
by 2020. Prime Minister Datuk Seri Najib Razak said the preliminary estimate was that these EPPs would be 80% funded
by private sector investments and could be potentially bring up to 2.2m job opportunities by 2020. He said the NKEA labs
were currently putting the various “big ideas” through the robust process of analysing and challenging multi-year nationbuilding
projects which the country would embark upon. (Financial Daily)

 

[dollarkey]

YTL Communication: To roll out 4G network by 4Q10
YTL Communications, unit of YTL Corporation Bhd (YTL MK, Buy, TP:RM8.00), will roll out its 4G network nationwide by the
fourth quarter of this year, said executive chairman Tan Sri Dr Francis Yeoh. He said the company has invested RM2.5bn to
develop the 4G infrastructure to provide coverage to at least 65% of the populated areas in the country. “I am confident
when we roll out our nationwide 4G network by the 4Q of this year, the Prime Minister’s vision of a ‘broadband nation’ and
the National Broadband Initiative’s 50% target broadband penetration rate by year end will be brought closer to reality,” he
said. (Malaysian Reserve)

 

[Johngate2100]

I can understand this language but i can not write.That is why i am giving you opinion in English.As far stock are concerned these are very risky and every one should avoid this who can not afford risk.

 

[mizemall.com]

Jadi
cocoland
timecom
tgoffs
titan
xdl