MISC: THIS shipping conglomerate is a good example of a successfully restructured government-linked company. MIDF Sisma Securities said MISC remained a favourite logistics play due to its strong profit growth and an excellent proxy to the expansion in energy shipping globally. The group plans to reaffirm its position as the world's largest liquefied natural gas (LNG) carrier through a total fleet of 28 LNG tankers by 2008 and proactively disposing of old dry bulk vessels. MISC : [Stock Watch] [News]
Hunza Prop: AVENUE Securities expects Hunza Properties' earnings to surge by more than threefold over the next two financial years. This would be supported by projects in, among others, Bertam (Penang) and Sungai Petani (Kedah) as well as the forthcoming high-end projects in Tanjung Bungah and recent acquisition of a 10-acre land in Gurney Drive, Penang. However, the research unit cautioned that the ongoing expansion plans could also weaken the group's balance sheet position. HUNZPTY : [Stock Watch] [News]
Jaks: JAKS Resources is set to be one of the major beneficiaries from the Government's RM11.7bil capital expenditure earmarked for the next three decades to beat the higher non-revenue water (NRW) rate of 37%. SBB Securities in its recent research notes said pipe makers like Jaks, Engtex and Hiap Teck would stand to benefit from this allocation. Jaks recently entered into a memorandum of understanding with Perbadanan Air Melaka to form a consortium to supply water pipes and fittings under a 10-year exclusive contract. JAKS : [Stock Watch] [News]
Hume Industries: THIS counter offers attractive dividend yield of 6% and a decent price-earnings ratio, according to a Singapore-based research house. It said Hume Industries would be looking for new growth opportunities and had ample capacity to gear up for new acquisitions. Hume Industries' medium-term target is to reach a turnover of RM1bil by FY2008, from RM535mil in FY2003. About RM200mil of the RM1bil turnover target would be derived from new acquisitions of building material related businesses. HUMEIND : [Stock Watch] [News]
SP Setia: ANALYSTS are recommending a “buy” on SP Setia due to its attractive price-earnings ratio, decent dividend yield and large land bank in prime locations. Currently the group still has a large undeveloped land bank of over 4,663 acres in three growth areas, namely the Klang Valley, Putrajaya and Johor. Mayban Securities said SP Setia's three latest flagship projects – Bandar Setia Alam, Duta Tropika and Setia Eco Park in the Klang Valley – were drivers of the group's earnings growth and strong pre-tax margins.
SPSETIA-O : [Stock Watch] SPSETIA-W : [Stock Watch]
The comments do not represent a recommendation to buy or sell. MISC : [Stock Watch] [News]
