Stocks To Watch

[ridersenja]

KUALA LUMPUR: Key regional markets are expected to see cautious trade on Tuesday, Nov 16 as concerns the Federal Reserve may scale back its $600 billion bond buying program muted optimism over two big takeover bids. At Bursa Malaysia, the flurry of corporate news are expected to spur trading interest in the counters.

The S&P 500 held above its 20-day moving average, now near 1,196 and marking a potential support level, though the index closed slightly lower. The Dow Jones industrial average edged up 9.39 points, or 0.08%, at 11,201.97. The Standard & Poor's 500 Index was off 1.46 points, or 0.12%, to 1,197.75. The Nasdaq Composite Index slipped 4.39 points, or 0.17%, to 2,513.82.

Stocks to watch on Tuesday include TIME DOTCOM BHD [] (TdC), Pacific & Orient Bhd's (P&O), Emas Kiara Bhd, KENCANA PETROLEUM BHD [], GREEN PACKET BHD [] and SIME DARBY BHD []. Corporate results expected on Tuesday are FABER GROUP BHD [], Jobstreet Corp Bhd, MEDIA PRIMA BHD [] and MALAYSIAN PACIFIC INDUSTRIES [] Bhd.

Time dotCom is undertaking a RM339 million acquisition exercise of several companies in the telecommunication services and infrastructure industry in a bid to transform itself into a regional player. As part of the corporate exercise, it is undertaking a share capital reduction, capital repayment and the acquisition of four companies as it seeks to expand into the regional telecommunications industry.

The exercise involves a share capital reduction of its paid-up of RM2.53 billion, comprising of 2.53 billion shares of RM1 each by cancelling 90 sen of the par value, followed by a share consolidation of the 2.53 billion 10 sen shares into 506.15 million shares, on the basis of five shares of 10 sen each to one share of 50 sen each in Time dotCom.

Time dotcom also entered into two memoranda of agreements with the shareholders of Megawisra Sdn Bhd and Global Transit Ltd (Labuan) to acquire four companies for a total of RM286.5 million via the issuance of new shares and RM38.4 million cash.

The four companies are Global Transit Communications Sdn Bhd for RM106 million, Global Transit Ltd for RM105 million, Global Transit (HK) Ltd and Global Transit Singapore Pte Ltd for RM1 each and AIMS Group for RM128 million in cash and shares. It also proposed a capital repayment of RM50.61 million or two sen per TdC share.

Meanwhile, Pacific & Orient Bhd's (P&O) insurance business is believed to still be on the radar of other foreign parties despite Prudential Holdings Ltd dropping out of the acquisition talks for the local general insurer. More details in Tuesday’s The Edge FInancialDaily.


Emas Kiara is selling its geosynthetic manufacturing business for RM100 million cash to a unit of Royal Ten Cate N.V., which is listed on NYSE Euronext.
Emas Kiara’s subsidiaries signed a sale and purchase agreement with Tencate Geosynthetics Asia Sdn Bhd to divest their geosynthetic manufacturing business. Upon completion of the proposed disposal, Emas Kiara would retain their business related to installation and engineering services of the products.

Kencana Petroleum has secured contracts worth RM275 million from Sarawak Shell Bhd for the fabrication of compression modules and tie-in modifications. The contract involves modifications for Sarawak Shell’s operated fields off the coast of Sarawak.

Green Packet posted net losses of RM13.71 million in the third quarter ended Sept 30, 2010, a decline from the net loss of RM31.84 million a year ago and expects margin erosion in the competitive broadband and voice business segments. Of concern would be the borrowings which could weigh down the company despite an increase in revenue.

Revenue rose 60% to RM100.89 million from RM63.03 million. Loss per share was 2.1 sen versus eight sen. Green Packet said the net loss was lower in the just ended quarter due to an improvement in turnover.

Green Packet’s total borrowings as at Sept 30 totalled RM237.01 million. Its total turnover was the nine-month period was RM277.71 million compared with RM160.99 million while loss per share was RM56.82 million compared with RM81.93 million.

A fiery Sime Darby Bhd's AGM is in store on Tuesday as investors are expected to vent their fury over the conglomerate's past questionable projects and corporate governance failures, which the management under acting president and CEO Datuk Mohd Bakke Salleh will have to address.

Among the questions which the Minority Shareholders Watchdog Group will be seeking are details of forensic audit report and summary of critical findings and governance failures; progress of legal action and also lapses in corporate governance, breakdown in internal control.

Amway (Malaysia) Holdings Bhd net profit for the third quarter ended Sept 30, 2010 rose marginally to RM21.51 million from RM20.48 million a year ago due to increase in sales revenue.

Revenue for the quarter rose to RM191.5 million from RM174.87 million last year, while earnings per share were 13.08 sen.

Amway declared a third interim single tier dividend of 9 sen net per share and special interim single tier dividend of 30 sen net per share for the financial year ending Dec 31, 2010.

 

[atuk926]

rider,
y no such name for BDRB?
launch already or still not yet?
TQ

 

[atuk926]

rider,
y no such name for BDRB?
launch already or still not yet?
TQ

weird...aritu xde jumpak pung, :-? but now ade la plak..cam biskut nih..

 

[shahnd]

bandaraya kan. heh sama lah kita

 

[ridersenja]

Sunway, Suncity, Naim, KNM, MMC

KUALA LUMPUR: Stocks on Bursa Malaysia are expected to advance on Thursday, Nov 25 after Wall Street rallied on positive economic data from the US but worries about Ireland’s ability to meet the tough IMF-EU austerity proposal could keep gains in check.

On Wednesday, Wall Street rallied as stock investors put aside worries about swirling global problems turning to improvement in the labor market and signs consumers are ready to open their wallets ahead of the biggest shopping day of the year.

Reuters reported new claims for unemployment benefits hit their lowest level in more than two years last week while consumer spending rose for a fourth straight month in October, suggesting the economy is nearing a self-sustaining recovery.

The Dow Jones industrial average jumped 150.91 points, or 1.37 percent, to 11,187.28. The Standard & Poor's 500 Index rose 17.62 points, or 1.49 percent, to 1,198.35. The Nasdaq Composite Index gained 48.17 points, or 1.93 percent, to 2,543.12.

Stocks to watch on Thursday include SUNWAY HOLDINGS BHD [] and SUNWAY CITY BHD []’s multi-billion ringgit merger, NAIM HOLDINGS BHD [], MMC Corp Bhd and KNM GROUP BHD [].

Also in focus would be BINA PURI HOLDINGS BHD [], SARAWAK OIL PALMS BHD [], PLUS Expressway Bhd and MISC BHD [].

Sunway Holdings and Sunway City will be merged under a proposed exercise undertaken by Sunway Sdn Bhd, which is controlled by Tan Sri Jeffrey Cheah Fook Ling. This would involve RM4.5 billion in cash and share swap.

The exercise entails Newco offering RM2.60 per Sunway share, RM1.50 per Sunway warrant and RM5.10 per SunCity share and RM1.29 per SunCity warrant.

Naim Holdings’ earnings jumped 72% to RM36.94 million in the quarter ended Sept 30, 2010 from RM21.39 million a year ago mainly due to higher sales of PROPERTIES [] and substantial completion of certain CONSTRUCTION [] projects.

Revenue slipped 2.4% to RM140.99 million from RM144.46 million. Earnings per share were 15.59 sen compared with 9.03 sen. It declared dividend of 5.0 sen a share.

MMC Corp Bhd's net profit for the third quarter ended Sept 30 surged 32% to RM117.8mil from RM88.7mil a year ago due to better performance from some divisions.

It said in a filing with Bursa Malaysia yesterday that revenue for the period was RM2.23bil against RM2.17bil while earnings per share stood at 3.87 sen versus 2.91 sen previously.

KNM Group Bhd saw its third quarter bottomline improve by 75% to RM56.09 million from RM31.92 million a year ago. Pre-tax profit was RM41.03 million while there was also tax incentive of RM19.54 million.

Bina Puri Holdings is teaming up with a Chinese association to develop a two acre site in Jalan Pasar, which guarantees investment return of RM40.6 million in 14 years.

Bina Puri will be investing RM16.0 million which is the estimated construction cost.

Sarawak Oil Palms’ earnings doubled to RM49.23 million in the third quarter ended Sept 30 from RM24.85 million a year ago, as it benefited from higher prices for crude palm oil and palm kernel.

PLUS Expressway’s earnings rose 12.2% to RM349.67 million in the third quarter ended Sept 30, 2010 from RM311.57 million a year ago. Revenue was 7% higher at RM872.64 million compared with RM815.17 million while earnings per share were 6.99 sen versus 6.23 sen.

MISC reported net profit of RM369.36 million in the second quarter ended Sept 30, 2010 as it benefited from the improvement in the restructured liner business and increased profitability from the heavy engineering business.

However, pretax profit of RM416.29 million in 2Q fell 11.7% from RM471.3 million in 1Q due to higher losses from chemical business and petroleum business recording nominal loss in the quarter.

 

[ridersenja]

KUALA LUMPUR: Petronas Chemicals Group (Petronas Chem) Bhd will the focus of attention when it makes its debut on Bursa Malaysia on Friday, Nov 26.

Given its market value of RM41.6 billion based on the institutional price of RM5.20, the petrochemical group will be the fifth largest stock on the local bourse.

The petrochemical group is expected to draw strong institutional interest as fund managers need the stock in their investment portfolios for index exposure.

Both Affin Securities and JF Apex Securities have pegged their fair value of Petronas Chem at RM5.70 while OSK Research at RM5.51 based on a price-to-earnings ratio (PER) of 16 times FY12 earnings per share.

Other stocks to watch are Kulim (Malaysia) Bhd, QSR BRANDS BHD [] and KFC Holdings Bhd when they resume trading on Friday.

Carlyle Asia Investment Advisors Ltd has offered to Kulim to acquire all its shares in QSR at RM6.70 a share. Its offer trumps Tan Sri Halim Saad’s offer of RM5.60 a share for QSR.

The bid for all of QSR’s 290.034 million shares values it at RM1.94 billion.

MALAYSIAN AIRLINE SYSTEM BHD [] posted operating profit of RM122.7 million for the third quarter ended Sept 30 (3Q2010) compared with an operating loss of RM77.4 million a year ago, which lifted the nine-month financial period solidly into the black.

For the 3Q2010, the significant improvement was mainly due to higher operating revenue and improvement in its yield.

AIRASIA BHD [] posted a strong set of results for the third quarter ended Sept 30, 2010, with earnings surging 152% to RM327.28 million from RM130.07 million a year ago.

There was RM142.9 million of unrealised translation gains in the quarter, a result of the significant strengthening of the ringgit against the US Dollar during the period. These gains are partially offset by losses from the change in the fair value of currency derivatives.

GENTING BHD []’s earnings doubled to RM765.92 million in the third quarter ended Sept 30, 2010 from RM371.33 million a year ago, boosted by its leisure and hospitality operation in Singapore -- Resorts World Sentosa (RWS).

There was also a one-off net gain of RM413.6 million arising from deferred consideration. Net impairment losses amounted to RM250.6 million.

Revenue rose 63% to RM3.91 billion from RM2.40 billion. Profit before tax rose 76% to RM1.418 billion from RM805.5 million. Earnings per share were 20.72 sen compared with 10.05 sen.

PROTON HOLDINGS BHD [] saw its earnings decline 19.6% to RM65.92 million in the second quarter ended Sept 30, 2010 from RM82.06 million a year ago, due to one-off provision for stock obsolescence and branding cost.

It said on Thursday, Nov 25 revenue was 6.6% higher at RM2.24 billion compared with RM2.10 billion. Earnings per share were 12 sen compared with 14.9 sen. Its net asset per share was RM9.83.

Group profit before tax was RM81.26 million, a decline of 19% from RM100.65 million a year ago.

YTL Corp Bhd reported a 34.3% increase in its earnings at RM278.9 million for the first quarter ended Sept 30 from RM207.5 million a year ago, boosted by the strong performance in its major operating companies.

Revenue rose 12% to RM4.4 billion from RM3.93 billion a year ago. Profit before taxation increased by 24.0% to RM623.8 million from RM503.2 million.

DRB-HICOM BHD []’s earnings rose 114% in the second quarter ended Sept 30, 2010 from RM61.74 million a year ago.

Profit before tax increased nearly 143% to RM186.2 million compared with RM76.66 million. Revenue rose 7.5% to RM1.647 billion from RM1.531 billion.


Kimlun said its unit Kimlun Sdn Bhd had on Sept 24 received the letter of award from Bukit Indah (Johor) Sdn Bhd, a unit of SP Setia.[/QUOTE]

 

[ridersenja]

KUALA LUMPUR: Markets are expected to get a boost on Thursday, Dec 2 from the strong overnight close on Wall Street after the Dow and the S&P 500 posted their biggest gains in three months on Wednesday as efforts to resolve the EU's debt crisis helped push the S&P above 1,200, an important technical level that signals the potential for the rally to continue.

The Dow Jones industrial average gained 249.76 points, or 2.27%, to 11,255.78. The Standard & Poor's 500 Index rose 25.52 points, or 2.16%, to 1,206.07. The Nasdaq Composite Index added 51.20 points, or 2.05%, to 2,549.43.

In Brussels, the European Central Bank is under pressure to unveil new steps to stabilise the euro zone when it meets on Thursday as the currency bloc battles a crippling debt crisis that has stoked contagion fears in the United States and Asia, according to Reuters.

Germany struggled to sell its government debt on Wednesday and Portugal's borrowing costs soared in further signs that an 85-billion-euro ($110.7-billion) EU/IMF rescue of Ireland last weekend and public assurances from leaders that the euro will be defended at any cost have failed to impress investors. European Union leaders appeared to pass the baton to the ECB, which holds its monthly meeting on Thursday.

At Bursa Malaysia, stocks to watch include DIALOG GROUP BHD [], KYM HOLDINGS BHD [], SILK Holding Bhd and AEON Co (M) Bhd. Also in focus would be K-Star Sports, whose share price plunged in the absence of fresh negative news, and JCY International Bhd which hit a fresh low after it posted net losses in its fourth quarter ended Sept 30.

Dialog is acquiring a 90% stake in Fitzroy Engineering Group Ltd (FEGL), one of New Zealand’s largest heavy fabrication and multi-disciplined engineering companies, for RM31.7 million cash. The share purchase would further strengthen and enhance its fabrication business in the oil, gas and petrochemical industry, leveraging on FEGL’s strengths in high quality engineering capabilities, business processes and methodologies as well as intellectual property rights for welding procedures.

“The integration of FEGL into Dialog’s fabrication business will provide Dialog group with immediate access to the established New Zealand market as well as provide growth opportunities for our Australian market,” Dialog said. The acquisition was also in line with its strategy of focusing and growing its core businesses, penetrating new markets and investing in businesses with long term sustainable income, said Dialog.

KYM Holdings Bhd is teaming up with the Perak State Development Corporation to build a heavy industrial park in Bagan Datoh. The project would involve the reclamation of 3,400 acres and the CONSTRUCTION [] of the infrastructure, including a jetty/jetties. The project is near the proposed an iron ore distribution centre and pellet plant at Teluk Rubiah to be built by Vale International SA.

SILK Holding Bhd’s subsidiary, Jasa Merin (Malaysia) Sdn Bhd has accepted a RM12 million contract to provide an anchor handling tug supply vessel. The contract was for a primary period of eight months with an extension option.

AEON Co (M) Bhd plans to invest as much as RM200 million in a new shopping centre in Rawang, Selangor, which will be the company’s 28th store in Malaysia.

Hong Kong-listed Parkson Retail Group Ltd (PRG) is expected to realise a pre-tax gain of approximately 40.0 million renminbi (RM19 million) from the disposal of its indirect 55% stake in Yangzhou Parkson Plaza Co Ltd. PARKSON HOLDINGS BHD [] said on Wednesday, Dec 1 that PRG had completed the disposal of Yangzhou Parkson Plaza Co Ltd for 78.5 million renminbi (RM36.9 million).

PETRONAS GAS BHD [] has secured a proposed liquefied natural gas (LNG) regasification projects from its parent, Petroliam Nasional Bhd.

The projects would be in Sungai Udang port, Melaka and would include two floating storage units (FSUs) to receive and store LNG; an island jetty and regasification units to regasify LNG; and subsea and onshore pipelines to transport the regasified LNG to the Peninsular Gas Utilisation pipeline network.

 

[PeterJames]

Penny Stocks

Penny stocks can make the small amount into huge one. You can increase your money into double or sometimes triple. However, it is not happened daily, but very frequently. And there are many investors that are drawn towards them because of the high returns. If you failed at first still you can make a lot of money with them.

 

[SeanRivera]

Penny stocks can make the small amount into huge one. You can increase your money into double or sometimes triple. As it it a high risk investment but it gives more profit.
www.bullrally.com

 

[ridersenja]

KUALA LUMPUR: Regional markets could start off the new week on Monday, Jan 17 on a firmer note after Wall Street closed higher on Friday, as investors’ sentiment was underpinned by a bank-led rally.

Reuters said strength in financial stocks helped offset economic reports that showed soft December retail sales and consumer sentiment dented by rising gasoline prices. The market's resilience will be tested next week when a number of banks report results.

The Dow Jones industrial average added 55.48 points, or 0.47%, to 11,787.38. The Standard & Poor's 500 rose 9.48 points, or 0.74%, to 1,293.24. The Nasdaq Composite gained 20.01 points, or 0.73%, to 2,755.30.

US financial markets will be closed on Monday for Martin Luther King Jr. Day.

At Bursa, stocks to watch on Monday include Benalec Holdings Bhd, Syarikat Kayu Wang Bhd (SKW), Prinsiptek Corp Bhd and AIRASIA BHD [].

Benalec, an integrated marine engineering specialist, will be listed on Bursa Malaysia. Its offer price is RM1 per share while AmResearch has a Buy call and a sum of parts-derived fair value of RM1.90.

The research house said Benalec enjoys an 18% share of the Malaysian marine CONSTRUCTION [] market dominated by only five major active players.

Hence, Benalec should trade at a scarcity premium – the closest peer HOCK SENG LEE BHD [] trades at FY11F-12F PEs of 8 times-10 times versus Benalec’s 6 times-8 times (at IPO price of RM1), it said.

“Benalec’s highly scalable business model could also serve as a springboard to secure more value-accretive deals, including specialised industrial hubs,” said AmResearch.

SKW has secured a RM129.24 million subcontract for an affordable housing scheme in Alor Setar, Kedah. It said on Friday, Jan 14 that it has accepted a letter of award from B.S. Civil Engineering Sdn Bhd for the subcontract.

Prinsiptek, whose shares had risen recently following positive newsflow, saw a foreign fund, which had been a substantial shareholder for several years, reducing its stake.

UBS AG for the Artradis Barracuda Fund disposed of 5.5 million shares on Jan 10, reducing its stake to 9.53 million shares or 7.52%.

Another filiing showed UBS AG for AB2 Fund ceased to be a substantial shareholder when it disposed of 3.5 million shares on Jan 10.

RHB Research Institute had on Jan 10 issued a positive outlook for the company. It said the the company, having laid low over the last two to three years against a backdrop of a slowdown in the local construction and property sectors, Prinsiptek’s earnings are back on the growth path again.

It said the earnmings growth would be underpinned by (1) an expected improved job flow in the construction sector; and (2) its five new property launches. as it believed the construction sector prospects would be bright in 2011, underpinned by rising demand for contracting services on the back of a better job flow and tightening supply for contracting services.

“We have arrived at an indicative fair value of 58 sen for Prinsiptek,” it said. RHB Research valued Prinsiptek’s construction business at 10 times one-year forward earnings, in line with our one-year forward benchmark target price earnings ratio of 10 to 16 times for the construction sector; and its property business by discounting back project cash flows at the 10% property benchmark discount rate.

Last month, Prinsiptek announced it plans to undertake an estimated RM100 million mixed development on a newly acquired leasehold land in Section 7, Shah Alam, Selangor.

Prinsiptek said the project involving serviced apartments and shoplots, is expected to generate a profit of approximately RM25 million, based on a development cost of some RM90 million.

In AirAsia, the foreign shareholding increased to 51.55% of its paid-up share capital of 2.77 billion shares as at Dec 30, 2010. The low-cost carrier said on Friday, Jan 14 that this was an increase of 3.48% from the 48.07% as at June 30.

DIGI.COM BHD [] has moved closer to its proposal to provide mobile broadband services after it submitted its detailed business plan to the Malaysian Communications and Multimedia Commission (MCMC) on Friday, Jan 14.

Its unit DiGi Telecommunications Sdn Bhd had submitted the plan to the MCMC as part of its application for a spectrum in the 2600MHz band, which is essentially for 4G.

"This is pursuant to MCMC’s offer to award 20MHz of this spectrum via apparatus assignment subject to DiGi submitting a suitable business plan," it said.

DiGi said on the 2600MHz spectrum would enable it to provide enhanced mobile broadband services to its customers.

"By utilising long term evolution TECHNOLOGY [], customers/end users will be able to benefit from improved user experience from both higher data speeds and improved service quality," it said.