Stockwatch


  • Kinta Kellas: KINTA Kellas is repositioning itself to perform better by acquiring companies in Britain, Australia and the Middle East that are related to its core business of providing professional management services in civil engineering, architecture, asset management and environmental planning. It’s eyeing higher profits by charging for its services in stronger currencies. The company is in the midst of buying Geoplan Consultants Inc, a Canadian company engaged in transport planning for C$900,000, via its 100% owned New Zealand subsidiary, OPUS International Consultant Ltd. Stock Watch On KKELLAS 

  • MAHB: Malaysia Airports Holdings Bhd is expected to perform better, seeing the increase in passenger traffic to KL International Airport since early this year. Analysts said although MAHB reported a lower revenue and profit last year compared with that in 2002, due to the impact of the Severe Acute Respiratory Syndrome (SARS), most were optimistic that total passenger traffic volume would increase considerably. This is especially since MAHB is one of the government-linked companies which stand to gain from initiatives to improve the efficiency of selected companies. Stock Watch On AIRPORT 

  • AMMB: ANALYSTS said banking group AMMB Holdings Bhd’s non-interest income could see double-digit growth in its FY04, as a result of the group’s strong position in both equity trading and corporate advisory business via its merchant arm, AmMerchant Bank Bhd. Moreover, the group’s bottom line is expected to benefit from lower loan provisions and investment write-backs due to the upbeat business environment and equity market. Most brokers have forecast AMMB's net profit to grow faster to RM416.18mil in FY05 and RM560.90mil in FY06. Stock Watch On AMMB 

  • DK Leather: THE manufacturer and distributor of automotive leather upholstery has penetrated markets in the US and Britain for higher profit margin. DK also has established clients like Proton, Volvo, Ford, Hyundai, Honda, Kia, Toyota and Rover. An analyst from OSK Research said the stock had a 25% upside to its IPO price with a fair value of RM1.38. The company is well-placed operating in a niche market around the world with high entry barriers. 

  • PPB Oil Palms: THE company is looking at buying about 30,000ha in Indonesia, in Central Kalimantan, this year as part of its oil palm plantation expansion to achieve higher economies of scale. Buoyed by good CPO prices, PPB Oil Palms' rising crop production and good oil extraction rates would have a positive impact on earnings. The company reported pre-tax profit of RM47.7mil in its first quarter ended March 31, compared with RM46mil in the corresponding quarter a year ago. Turnover rose to RM117.6mil from RM98.9mil previously. Stock Watch On PPB

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