Snapshot

Intria: This counter is benefiting from the current strong interest in Renong-linked stocks as expectations grow that the conglomerate would undertake further restructuring. It rose 5.5 sen to a 5-month high of 92 sen yesterday with 16.1 million units traded. 

Shares in Intria, which has the Penang Bridge concession, had also been a favourite “restructuring play” in previous market rallies, given the company has been working on its revamp plan since the Asian financial crisis of the late 1990s. 

 

Lion Land: This counter has been in the limelight lately as the long drawn-out Lion group restructuring plan nears completion. The company is considered one of the big beneficiaries of the exercise as it would end up with strong group assets such as Posim Bhd and Chocolate Products (M) Bhd. 

The counter was the fifth most active yesterday, and closed 6.5 sen up at 47.5. It has soared 12.5 sen or 36% in the past two weeks. 

Shares in Intria, which has the Penang Bridge concession, had also been a favourite “restructuring play” in previous market rallies, given the company has been working on its revamp plan since the Asian financial crisis of the late 1990s.