Oriental Holdings: Oriental's share price hit a 52-week high of RM4.34 last Friday. Oriental's management is revving up to the increasingly competitive automotive industry. Some of its plans to boost market share include investing RM30mil in its soon-to-be-opened branches in USJ Taipan and Krystal Point II, Bayan Lepas in Penang. The proposed plan by Hyundai Motor Co to assemble two variants of the 1.3- and 1.5-litre Hyundai Accent at Oriental's plant in Johor will strengthen Hyundai's market share. Analysts forecast au- tomotive sales to pick up in the second half of this year due to better economic outlook and introduction of newer, cheaper models. Stock watch on Oriental Holdings
Resorts World: Resorts shares are expected to be buoyant long-term despite the recent bombing incident that rocked Jakarta last Tuesday. Its share prices went down by 30 sen to close at RM10.10 on the day of the bombing. Analysts rated the Jakarta bombing incident as a short-term shock wave that would not put a dent in the local tourism sector. On the other hand, Resorts associate company Star Cruises, has something to smile about when it announced the homecoming of its ships SuperStar Virgo and SuperStar Leo to Hong Kong's Victoria Harbour last month. Stock watch on Resorts
Kuala Lumpur Kepong: KLK shares were actively traded since last Wednesday as investors went bargain hunting. To date, KLK earnings have improved largely due to higher plantation profits arising from favourable commodity prices. The performance of its manufacturing division has also improved following the expansion of production capacity and improved efficiency in the oleo-chemical division. The Employees Provident Fund emerged as a substantial shareholder in KLK after acquiring 35.65 million shares or a 5.02% stake in several acquisitions up to May 21. Intagrax: PORT operator Integrax's proposal to transfer its listing from the second to main board of the KLSE is expected to attract greater attention from institutional investors. Integrax, which currently operates two terminals in Lumut, namely Lumut Maritime Terminal (LMT) and Lekir Bulk Terminal (LBT), has more flexibility in operations as Integrax owns Lumut Port for 99 years. Integrax's earnings are expected to remain stable and not be affected by economic conditions. This is due to a fixed contractual payment over the next 25 years from TNB Janamanjung's 2,100MW coal-fired power station located in the vicinity of LBT. Stock watch on Integrax
Texchem: Texchem shares have not picked up steam among investors. Its overseas business venture in Indonesia has incurred a net loss in the second quarter ended June 30. However, Texchem's packaging division in China has shown positive results and is expected to contribute to the group's bottomline soon. With the enormous appetite for packaging products particularly in Shanghai, Suzhou and Wuxi, Texchem expects its packaging business to benefit. Texchem expects to invest an additional RM3.8mil to upgrade its packaging manufacturing facility in Wuxi. Stock watch on Texchem
Stock watch on Oriental Holdings
