• Business
  • Monday, 05 Apr 2004

Dialog: DIALOG’s move to secure more jobs related to technical services instead of engineering, procurement, construction and commissioning works have paid off. Its second quarter results ended Dec 31, 2003, were much better that of the corresponding quarter in 2002. The company’s net profit grew 35% year-on-year, despite an 11% contraction in sales. RHB Research, in its notes, said the company was poised to take advantage of the opportunities from increased exploration and production activities. Stock Watch On DIALOG 

TSH Resources: Shares of TSH closed at RM4.94 on Friday, its highest in 12 months on news that the company plans to list its wholly owned subsidiary TSH Ekowood Bhd on the main board of the MSEB. TSH will retain more than 50% holding in the company following the listing. The proposed listing would enable Ekowood to have funds for expansion and growth. TSH also plans to set up an RM26mil palm oil mill in West Sumatra, Indonesia, by year-end with earnings contribution to start streaming in by 2005. Stock Watch On TSH 

  • Eng Teknologi: The fortunes of Eng Tek, a hard disk manufacturer, look set to improve, with expectations of a RM100mil contract from US-based Emerson. The Penang-based company should also see rising contribution from its 60% holding in Singapore-based Altum Group. Altum is undergoing a merger which will see it shifting operations to Thailand to improve earnings. A delayed shipment of voice coil magnets in the previous quarter affecting earnings, should be reflected in the current quarter. Stock Watch On ENG 

  • Ire-Tex Xorp: With 19% growth forecast for global chip sales this newly listed Penang-based manufacture of protective packaging materials for computer and electronics products should benefit from the surge in world demand for chip-related products. Hwang DBS Vickers Research, in its notes, said Ire-Tex could derive new income sources from the diversification into polymer-based packaging material to the electronics and semiconductor sub-sectors. The counter hit a high of RM2.25 on Friday and analysts remain bullish on its future. Stock Watch On IRETEX 

  • KPS: KUMPULAN PERANGSANG SELANGOR, a water and infrastructure company is well placed to participate in the Pahang-Selangor water supply project, which under phase 1 of the project is anticipated to cost RM2.5bil. Mayban Securities, in its notes said the company was in the running to partake in the project, making KPS a leading water player in the country. Also within the infrastructure division, KPS holds a 20% stake in the RM2.4bil West Coast Expressway project, which encompasses both construction works and management of toll collections. Stock Watch On KPS

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