Stockwatch


  • Sunway Inc: SUNWAY Holdings Inc Bhd's share price, rose to a three-year high to close at RM1.51 last Friday, a clear sign that it is in favour among investors. Analysts said SunInc was on its way to recovery after losing money in the past three consecutive years. Its half-year pre-tax profit stood at RM53.6mil with the construction business contributing RM33.1mil. It also proposes to list an associate company Sunway Infrastructure Bhd soon. 

    Stock watch on Sunway Incxxxx 

  • Wite Horse: TILE maker White Horse Bhd's valuation looks attractive as the stock is trading at 10 times based on prospective current year earnings. Sales growth has been consistent in the past few years, and the group is allocating RM20mil to build showrooms nationwide in the next three years. The company reported a pre-tax profit of RM20.5mil on revenue of RM140mil in the first six months ended June 30. 

    Stock watch on White Horse 

  • Supermax: Supermax Corp Bhd's share price had been rising steadily in the past two weeks to close at a record high of RM2.48 on Friday. Analysts said strong earnings growth over the next two years, fuelled by aggressive manufacturing capacity enhancement and marketing plans, had helped generate investors' interest. The rubber glove maker is expected to graduate to the KLSE main board soon. It had recently completed a 1-for-3 bonus issue, and a 2-for-3 rights issue exercise, which was oversubscribed by 16.7%.  

    Stock watch on Supermax 

  • Pohmay: POHMAY Holdings Bhd's share price rebounded sharply after hitting an 18-month low of 92 sen on Tuesday, but profit-taking on Friday pared earlier gains. Dealers said trading was largely dominated by speculative interest, as the prospects of the furniture maker remained uncertain. Pohmay had recently obtained approval for a 1-for-1 rights, involving 60.5 million new shares issued par value of RM1. The exercise will raise RM60.5mil, of which RM53mil was allocated for debts repayment. 

    Stock watch on Pohmay 

  • Suria Capital: WITH the long-awaited deal with Sabah Port Authority finally being concluded, Suria Capital Holdings Bhd's listing status is now secure. Under the agreement, Suria would pay RM210mil to lease and operate seven ports in Sabah over the next 30 years. It has an option to extend the lease for another 30 years. The state-owned company has also committed to spend RM1.3bil to improve existing facilities. The port privatisation exercise provides Suria with a new core business, following the disposal of its banking unit three years ago. 

    Stock watch on Suria Capital 

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