Coastal Contracts: THE Sandakan-based shipmaker is set to capitalise on the growth of the oil and gas industry in the near future. Analysts believe the company is moving in the right direction by focusing on building stronger and more sophisticated tugboats to service the larger oil and gas tankers. The company has projected a 19% increase in net profit to RM13.95mil for the financial year ending Dec 31, 2003, from RM11.73mil last year.
Pembinaan Jayabumi: THE sewerage and solid waste management company has projects worth RM12mil and RM20mil of orders in hand. Pembinaan Jayabumi has secured projects that included works in government hospitals in Kluang and Sungai Petani and is looking to provide services to the Universiti Tunku Abdul Rahman campus in Kampar. The group has forecast a pre-tax profit of RM17.42mil on RM88.97mil revenue for the financial year ending Dec 31, 2003.
Puncak Niaga: PUNCAK Niaga Holdings (PNHB) could be participating in the privatisation of the water distribution in the Klang Valley. Syabas, a company controlled by the substantial shareholder of PNHB, is likely to emerge as the winner of the project, with a potential 60% stake. Analysts see the injection of Syabas into PNHB as a small price to pave the way for PNHB to participate in the privatisation project. For the past six months the counter rose to a high of RM3.17 on Aug 25 before settling to RM3.15 on Friday.
MCM Technologies: DESPITE a loss of RM418,000 for the first quarter of its financial year ending March 31, 2004, the company’s share price gained strength in the past two months. The counter made a steady climb in mid-June, gaining over 160%, closing at 54 sen on Friday. MCM has entered into a partnership arrangement with South Korea's LG Group to bid for an IT project that is expected to generate additional revenue for the company.
Trenergy: POISED to become a bigger player in marine services to the oil and gas industry, Trenergy is bidding for more Petronas contracts to operate floating production storage and off-loading (FPSO) vessels. The company has proposed to acquire a 32.5% stake in Malaysian Merchant Marine Bhd and that could value-added synergies to the company operations. In the past six months the counter hit a high of RM3.75 on July 14 and fell to RM3.43 on Friday.
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