Stickwatch

Jaya Jusco: ARE the hypermarkets posing a threat to Jaya Jusco? Sales in stores that faced direct competition had experienced some slowdown given the rivals' low pricing strategies. But it is worth noting that about 65% of its retailing revenue is expected to come from departmental stores - an area that has less direct competition from hypermarkets. The group's J-card loyalty programme is an effective tool to retain customers. More importantly, Malaysia's consumer confidence is the second highest in Asia, according to MasterCard International.  

IOI: THE plantation blue chip underwent heavy selling last week. It dipped to RM5.20 - the lowest level since October last year - before closing at RM5.50 last Friday. Dealers said selling was mainly from foreign investors who rejigged portfolio ahead of the imminent war in Iraq. But many analysts see the weak share price as a buying opportunity, given its appealing valuation. There are concerns that crude palm oil prices may have peaked; however, the group's downstream business will cushion the adverse impact from low commodity prices.  

Landmarks: THE owner of Sg Wang Plaza in Kuala Lumpur intends to establish a presence in Wangsa Maju. Landmarks's unit Landmarks Land and Properties Sdn Bhd is in a joint venture with Tan & Tan Developments Bhd to develop 53ha land in the township over 10 years. The gross development value is estimated at RM600mil. Apart from sharing profits, Landmarks Land would get a minimum RM45.2mil and 5% of the sales proceeds from the project. Profit contribution to Landmarks will only start next year. 

CSA: THE share price of the technology service provider plunged to its four-year low of RM1.89 last Friday. The slowdown in IT spending was clearly reflected in the company's latest financial figures. Its nine-month net profit dropped to RM9.99mil as at Dec 31 last year from RM13.2mil previously. Operating environment is getting tough. Cautious entrepreneurs tend to tighten IT spending. Meanwhile, competition for public contracts, which is supposed to be the main growth driver, is heating up and these projects take off rather slowly.  

: Yien Wah Press: THERE was a sudden surge in interest in the stock. Tien Wah Press' share price leaped to a 2½-year high of RM1.84 last Friday. It soared nearly 40% or 52 sen in the last two weeks. One possible reason for the buoyant share price may be its earnings performance last year. Tien Wah's net profit rose to RM8.6mil from RM5.5mil previously although revenue was lower. Earnings per share came in at 19.7 sen. It has a new major shareholder AMB Packaging Pte Ltd which had bought a 25% stake from British American Tobacco (M) Bhd for RM33mil. 

IOI: THE plantation blue chip underwent heavy selling last week. It dipped to RM5.20 - the lowest level since October last year - before closing at RM5.50 last Friday. Dealers said selling was mainly from foreign investors who rejigged portfolio ahead of the imminent war in Iraq. But many analysts see the weak share price as a buying opportunity, given its appealing valuation. There are concerns that crude palm oil prices may have peaked; however, the group's downstream business will cushion the adverse impact from low commodity prices.  

Landmarks: THE owner of Sg Wang Plaza in Kuala Lumpur intends to establish a presence in Wangsa Maju. Landmarks's unit Landmarks Land and Properties Sdn Bhd is in a joint venture with Tan & Tan Developments Bhd to develop 53ha land in the township over 10 years. The gross development value is estimated at RM600mil. Apart from sharing profits, Landmarks Land would get a minimum RM45.2mil and 5% of the sales proceeds from the project. Profit contribution to Landmarks will only start next year. 

CSA: THE share price of the technology service provider plunged to its four-year low of RM1.89 last Friday. The slowdown in IT spending was clearly reflected in the company's latest financial figures. Its nine-month net profit dropped to RM9.99mil as at Dec 31 last year from RM13.2mil previously. Operating environment is getting tough. Cautious entrepreneurs tend to tighten IT spending. Meanwhile, competition for public contracts, which is supposed to be the main growth driver, is heating up and these projects take off rather slowly.  

: Yien Wah Press: THERE was a sudden surge in interest in the stock. Tien Wah Press' share price leaped to a 2½-year high of RM1.84 last Friday. It soared nearly 40% or 52 sen in the last two weeks. One possible reason for the buoyant share price may be its earnings performance last year. Tien Wah's net profit rose to RM8.6mil from RM5.5mil previously although revenue was lower. Earnings per share came in at 19.7 sen. It has a new major shareholder AMB Packaging Pte Ltd which had bought a 25% stake from British American Tobacco (M) Bhd for RM33mil.