Snapshots

Genting: A LAST-MINUTE spurt of buying yesterday helped lift Genting shares to their highest close since late February. The stock ended 60 sen up at RM14.40, buoyed by news that the company had acquired a stake in an Indian power plant at a relatively low price. Analysts said the acquisition, coupled with the recent purchase of an additional 20% stake in Genting Sanyen Power, would bolster Genting’s power-related business income going forward. 

AMMB: RENEWED buying interest pushed this financial stock 12 sen higher to close at RM3.60 yesterday, on volume of 5.8 million shares. Analysts said that at the current price level, the stock offered some attractive upside potential to its target price of between RM4 and RM4.50. Dealers said the market was still waiting for details of the AMMB-EON Capital merger plans, which they said would add synergies to the merged entity. 

MAS: MAS was another gainer yesterday, closing 12 sen higher at RM3.78. The national airline recently announced plans to increase domestic flight frequencies while slashing fares to bolster its domestic load factor. It is also redeploying aircraft from SARS-affected areas to the Middle East and European routes to cater for summer travellers to the region. MAS, which saw a significant turnaround for the year just ended after four years of losses, is now on better footing to compete with other regional airlines, given its new corporate structure and clean balance sheet. 

AMMB: RENEWED buying interest pushed this financial stock 12 sen higher to close at RM3.60 yesterday, on volume of 5.8 million shares. Analysts said that at the current price level, the stock offered some attractive upside potential to its target price of between RM4 and RM4.50. Dealers said the market was still waiting for details of the AMMB-EON Capital merger plans, which they said would add synergies to the merged entity. 

MAS: MAS was another gainer yesterday, closing 12 sen higher at RM3.78. The national airline recently announced plans to increase domestic flight frequencies while slashing fares to bolster its domestic load factor. It is also redeploying aircraft from SARS-affected areas to the Middle East and European routes to cater for summer travellers to the region. MAS, which saw a significant turnaround for the year just ended after four years of losses, is now on better footing to compete with other regional airlines, given its new corporate structure and clean balance sheet.