CIMB: THE share price of the investment bank has spiked up since it announced plans to venture into the development of real estate funds with Mapletree Capital Management Pte Ltd, a wholly-owned subsidiary of Singapore’s Mapletree Investments Pte Ltd, which is 100%-owned by Temasek Holdings (Private) Ltd. The counter hit RM5.20 on Thursday, its highest since Sept 2. Analysts view the venture by CIMB as timely, given the huge potential for real estate funds in Malaysia said to be worth about RM500mil with 8% property yield. CIMB : [Stock Watch] [News]
IGB: ANALYSTS like the property developer's long-term plan to streamline the group – to inject all IGB’s investment properties including its office buildings, service apartments and hotels into Kris Components Bhd so that Kris will be the flagship real estate investment trust. In addition, group turnover is expected to grow 15% to 20% per annum over the next few years from base rental and revenue sharing. Average rental in the fully occupied 1.7 million sq ft Mid Valley Megamall has risen by about 50% from 2002 levels. IGB : [Stock Watch] [News]
Supermax: THE glove manufacturer recently clinched a three-year contract worth RM191mil to supply gloves to Brazil's largest medical distributor, Macromed Comercio De Material Medico E Hospitalar LTDA. Analysts expect the contract to generate positive earnings for the years ending Dec 31, 2005, 2006 and 2007. Its share price rose to a six-month high of RM4.56 on Thursday after hovering within the range of RM3.80 and RM4.30 during the period. Supermax is said to be making significant inroads into China and India and other Central American countries. SUPERMX : [Stock Watch] [News]
SEGi: THE private education group has recently signed a memorandum of cooperation with the Indonesian Government to provide induction courses there. It is currently talking to a number of training centres in Indonesia to work out the details of the induction course project, with course fee to be shared between SEGi and the training centres. Mayban Securities expects further topline enhancement from the project based on an estimated 160,000 Indonesian workers entering the country annually. It has a buy call on the counter. APM: OSK Research expects the auto parts maker's prospects to remain bright, aided by increased value-added local contracts from national manufacturers and non-national assemblers. The research house has revised upwards APM's net earnings to RM59.7mil for the year ending Dec 31, 2004, and RM70.9mil for 2005. It continues to favour the company due to its anticipated annual net earnings growth of 20.7% over the next two years, strong balance sheet, with net cash of RM63.7mil and attractive gross dividend of 11 sen translating into a yield of 4.6%. APM : [Stock Watch] [News]
CIMB : [Stock Watch] [News]
