MEMS: MEMS Technology has secured a major contract for its silicon microphones and expects to ship several thousands of these microphones to customers in Hong Kong and Japan this month. Sources say the company will ramp up its production to 10 million units per month by the end of the year. MEMS is also said to have shipped 100 units of thermopiles for thermal imaging or infrared cameras this April. A fund manager said the recent orders were sizable compared with previous orders. MEMS : [Stock Watch] [News]
Iris Corp: Iris is bidding for projects in Sudan, Libya, Uganda, Sri Lanka, Mongolia and Singapore following its success in securing a RM100mil contract to supply the National Security Printer of Thailand with electronic-passport inlays and smart card readers. This year, Iris, a sub-contractor for the National Security Printer of Thailand which is the main contractor of the project, will export 700,000 pieces of inlays to Thailand. To-date, Iris had invested RM20mil on equipment for the inlay system. IRIS : [Stock Watch] [News]
TH Group: The company recently secured three projects worth RM140mil, bringing its outstanding construction order book to RM403mil from RM263mil as at Dec 31, 2004. The contracts involve construction works for the second phase of a campus in Kota Kinabalu, the building of 92 units of courtyard terraces, apartments and a swimming pool in Kuala Lumpur, and a clinical research campus in Penang. An analyst with SBB Securities said the diversified company would stand to gain from its foray into biotech. THGROUP : [Stock Watch] [News]
HeiTech Padu: THE company has entered into an agreement with RHB Bank for the provision of disaster data recovery services for three years. The service includes the provision of hardware and software to back up RHB's system. An OSK analyst recommended a buy on the HeiTech Padu stock with a 12-month target of RM3.20. For the financial year ended Dec 31, 2004, the company posted pre-tax profit of RM20.5mil on sales of RM312mil. The company had undergone a voluntary separation scheme which will save it RM6mil for the next two years. HTPADU : [Stock Watch] [News]
Telekom Malaysia: TELEKOM'S recent overseas acquisitions had lifted its profile to become a regional player in Asia, rivalling other state-owned telcos, said an OSK Research analyst. He said the purchase price of both Indonesia-based Excelcomindo and India-based Idea Cellular were expensive relative to their book value but rightly-priced based on the their enterprise value/earnings before interest, tax, depreciation and amortization. Although the acquisitions cost RM3bil, they were expected to enhance its net earnings for FY05 and FY06 by 5% and 8% respectively. TELEKOM : [Stock Watch] [News]
MEMS : [Stock Watch] [News]