Stocks To Watch

[ridersenja]

Tambun Indah, SP Setia, Hing Yiap, IOI Corp

KUALA LUMPUR: After the FBM KLCI closed at a fresh historic high on Monday, Jan 17, investors could step up their buying of more equities, including property counters following fresh news flow but the mood could be tempered by the cautious China markets.

On Monday, the FBM KLCI rose 4.6 points to 1,574.49. However, China’s markets fell, with the Shanghai Composite Index down 3.03% to 2,706.66 and Shenzen Composite Index 4.25% lower at 1,180.39 on as the central bank tightened the liquidity for property loans.

Wall Street was closed for a holiday and will resume trading on Tuesday.

At Bursa, small cap property-CONSTRUCTION [] stocks were in focus and they could continue to attract interest following the listing of Tambun Indah Land Bhd on the Main Market of Bursa Malaysia while S P Setia Bhd and Selangor PROPERTIES [] Bhd's (SelProp) prices surge on fresh corporate developments.

Tambun Indah’s IPO consists of a public issue of 32 million new ordinary shares and an offer-for-sale of 22.1 million vendor shares at 70 sen each. BIMB Securities Research derived a fair value of 81 per share after pegging a 30% discount to its peers' three-year average price-to-earnings ratio of 9.8 times to FY11 EPS of 11.8 sen.

The Edge FinancialDaily reports S P Setia has bounced back strongly after taking a backseat in recent months when mega-property mergers took the spotlight. The property developer has confirmed securing 40 acres of prime land along Jalan Bangsar.

SelProp’s shares saw a good run-up on Monday, reaching its highest in more than three years as it is potentially poised to be one of the beneficiaries of the Greater Klang Valley mass rail transit (MRT) project.

Interest in laggards including Bolton and Guocoland has picked up following the fresh news in the property and Tuesday could see some continued interest.

Meanwhile, Hing Yiap Group Bhd has received an unconditional takeover offer from Everest Hectare Sdn Bhd to acquire all the remaining shares for RM1.50 cash per share.

In IOI Corp Bhd, the PLANTATION [] heavyweight had redeemed the US$440.77 million of the outstanding US$444.87 million bonds. The balance of bonds outstanding is US$4.10 million.

 

[ridersenja]

K. Seng Seng, EON Cap, Axiata, DiGi

KUALA LUMPUR: Stocks on Bursa Malaysia may advance on Wednesday, Jan 19, spurred by the firmer overnight close on Wall Street where the Dow Jones Industrial Average reached a fresh 52-week high in intra-day trade, helping investors to perhaps overcome concerns that the rally may losing some steam.

On Wall Street, US stocks gained on Tuesday, overcoming weak Citigroup results and concerns circling Apple after Chief Executive Steve Jobs' medical leave. Investors focused instead on increased price targets for Google, which reports later this week, and Dow component Caterpillar, whose results are due next week.

The Dow also rose moderately, boosted by gains in Caterpillar Inc. Also lifting the Dow was Boeing Co, after the plane maker alleviated fears about the delivery schedule of its long-delayed 787 Dreamliner jet.

Optimism about earnings has helped bolster stocks in recent weeks, with the S&P 500 posting its seventh straight week of gains on Friday. Aside from Apple, gains were tempered by Citigroup Inc, whose shares fell 6.4 percent to $4.80 after the No. 3 U.S. bank reported a sharp drop in bond trading revenue that pushed profits below expectations.

The Dow Jones industrial average rose 50.55 points, or 0.43 percent, to end at 11,837.93. The Standard & Poor's 500 Index added 1.78 points, or 0.14 percent, to 1,295.02. The Nasdaq Composite Index gained 10.55 points, or 0.38 percent, at 2,765.85.

Earlier, the Dow traded as high intraday as 11,858.78, a fresh 52-week high. The S&P 500 and the Nasdaq also climbed intraday and closed just slightly below their fresh 52-week highs.

At Bursa Malaysia, stocks to watch include of K. Seng Seng Corporation Bhd, EON CAPITAL BHD [], Axiata Group Bhd, DIGI.COM BHD [] and TENAGA NASIONAL BHD [].In The Edge FinancialDaily, the sale of a controlling block in Hing Yiap Group Bhd by its major shareholders is a puzzling move, given that the block of shares was sold at a discount to the company's prevailing share price and net asset value.

KNM GROUP BHD [] has received another four-year extension until February 2015 for its term-loan facility secured from MALAYAN BANKING BHD [] (Maybank). The company told Bursa Malaysia yesterday the loan's principal balance outstanding as at Jan 7 was at RM351.33 million.

K. Seng Seng will make its debut on the Main Market of Bursa Malaysia on Wednesday, Jan 19. The supplier of secondary stainless steel products, offered 20.12 million new shares of 50 sen each, priced at 57 sen a share.

EON Capital Bhd’s banking arm EON Bank aims to disburse RM4 billion in car loans this year compared with RM3.6 billion in 2010.

EON Bank chief executive officer Datuk Michael Lor said the bank was able to capitalise on the expected robust car sales to increase the loans. Lor said other factors were a firmer economic growth, tax exemptions for certain car categories, availability of more locally-assembled cars and stronger consumer confidence.

DiGi.Com Bhd and Axiata Group Bhd expect cash savings of about RM2.2 billion combined over 10 years from the long-term collaboration on network infrastructure sharing in Malaysia.

Both parties expect to see incremental savings as early as 2012 and gradually ramping up to an average annual savings of RM150 million to RM250 million combined after 2015.

Tenaga Nasional will announce first quarter results. RHB Research Institute said with higher electricity unit sales growth and largely stable coal prices in 1Q, it estimated core net profit could come in at around RM700 million to RM800 million (4QFY10: RM414 million, 1QFY10: RM751 million).

KPJ HEALTHCARE BHD [] has proposed to acquire Sibu Specialist Medical Centre for RM26.90 million cash to expand into markets where private healthcare is in demand.

KPJ would acquire the 100% stake in Sibu Medical Centre Corporation Sdn Bhd (SMCC), comprising 6.62 million shares, from 14 individuals for RM26.90 million cash. SMCC owns and operates private specialist hospital Sibu Specialist Medical Centre at Brooke Drive in Sibu. KPJ Healthcare said the vendors were practising as specialists at the medical centre.

Malaysia Steelworks (KL) Bhd plans to implement a private placement of up to 31.616 million new shares of 50 sen, representing not more than 10% of the paid-up share capital to investors to be identified. The indicative price would be RM1.21, which is a discount of 10% or 13 sen to the five-day VWAP of sahres up to Jan 17 of RM1.34.

 

[ridersenja]

Pos Malaysia up on Khazanah plan to call for bids

Written by Joseph Chin of theedgemalaysia.com
Wednesday, 19 January 2011 09:57

KUALA LUMPUR: POS MALAYSIA BHD [] share price jumped in early trade on Wednesday, Jan 19 after Khazanah Nasional Bhd said it would call bids this week for the sale of its 32.21% stake.

At 9.50am, Pos Malaysia was up 24 sen to RM3.63 with 1.6 million shares done.

The FBM KLCI fell 2.58 points to 1,567.46 on profit taking. Turnover was 239.87 million shares valued at RM220.71 million. There were 215 gainers, 206 losers and 233 stocks unchanged.

Khazanah managing director Tan Sri Azman Mokhtar said on Tuesday the government investment arm would look at inviting bids for its strategic stake in Pos Malaysia.

 

[ismadagreat]

stock apa boleh beli minggu depan?

 

[JOHNICAL83]

RANHILL & SCOMI CAM BEST JE AKU NENGOK

 

[MUGENSEIKI]

tak der early edition ker?.. hehhe

Asyik post market report jer...hemmm..kalau kena 1st hand news..bulls eye.....masyukkkkkk

 

[MUGENSEIKI]

Aku dgr macam2 speculation tahun nie..ye lah..kononnya CI nak cecah 1700 points.. Ada yg kata 2000 points lah..hemm

tapi yg pasti..kalau kita tak der first hand news..tak der member dgn syndicate kaki goreng..apa yg boleh buat adalah cari saham yg tgh all time low (but compnay financial report mesti profit lah)..dan hold for a year or 2...sure untung lebih banyak dari 10%.

Kalau tak..simpan cash dalam ASB je lah jawab nyaaaaa.

 

[ismadagreat]

tgk saham Bornoil tu...kaw2 dia naik...nak try beli pon dah tak berani...silap2 beli naya tu

 

[MUGENSEIKI]

YG DAH NAIK..JGN DI KEJAR..nanti hancus..

Dalam CG nie..bicara saham tak se hot bicara forex..hemmm


Tak der jutawan saham dalam nie ke?..boleh lah bagi kita org tips..hemmmm


Ada org kata Benalec bagus untuk simpan dalam sebulan dua...

Aglobal simpan untuk setahun...

Keladi...simpan untuk setahun

Talam..simpan untuk setahun atau 2 tahun...

Hehehe..org kata..bukan aku yg kata wakkakaka

 

[usahOne]

otai2 semua klu beli saham yg broker2 forex offer ok ker?