Stockwatch


  • Maxis: CAPITAL Group Companies Inc has sold about 2.7 million Maxis shares for RM15.1mil on Feb 6 and 7. The US-based investment fund management firm currently holds about 5.2% equity interest in Maxis after the disposal. The heavyweight stock has been trading between RM5.35 and RM5.95 since it was listed in June last year. The counter appears to be a preferred choice for exposure in the telecommunications sector. But the outlook on the mobile business is not as rosy as it was before. Stiff competition is eating into profit margins.  

  • OYL: THE air-conditioner maker wants to tap the Thai market. OYL is forming a joint venture with A&A Industrial Ltd to establish a direct presence in Thailand. OYL will own a 75% stake in the joint venture. North America is the largest contributor to the group's revenue, however, the Asian market is the most profitable, accounting for nearly 70% of its pre-tax profit. OYL's share price remained firm despite the weak market sentiment, thanks to its success in grabbing a share in the Chinese market and its solid earnings track record. 

  • WW Cable: THE stock soared to a near three-year high of RM2.52 last Friday although the company warned that it would not see significant improvement in the next six to nine months due to slow demand for power cables and wire. The company is profitable but earnings are not spectacular with earnings per share of 5.11 sen registered for the nine months ended Sep 30 last year. Perhaps investors are betting on the capability of newly-appointed director Koh Kwee Chai, who bought a 5% stake on Sept 9 last year when the stock was traded at RM1.50. 

  • DiGi dotCom: THE latest set of results did not provide much excitement to the telco. OSK Research maintains its buy call and TA Securities has a 'hold' on the counter. Some analysts said the stock valuation was not appealing but speculation that DiGi might be taken private could be a catalyst for the share price to climb. DiGi shares are currently tightly held by Telenor (61%) and Tan Sri Vincent Tan (21%). The company has been granted a deadline extension until June to meet the minimum public spread of 25%. 

  • KFC Holdings: THE fast food chain is announcing its annual earnings today for the recently concluded financial year ended Dec 31. This set of results will be seen as an indicator of the country's consumer spending sentiment. Earnings in the fourth quarter are normally stronger due to year-end school holidays when sales tend to be higher. According to Multex Global Estimates, market consensus forecasts the group's net profit to be RM53.6mil on a turnover of RM1.22bil. For the nine-month period ended Sept 30, KFC Holdings recorded a net profit of RM44.63mil. 

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