Bolton: ANALYSTS expect more excitement in this diversified group with the recent appointment of former Pengurusan Danaharta Nasional Bhd chairman Tan Sri Azman Yahya as its new deputy chairman. Many believed that Azman was brought in with the intention of rescuing and restructuring the Bolton group, which is 21.3% owned by businessman Tan Sri Amin Shah Omar Shah. Amin, in turn, has a 27% stake in the loss-making ship maker PSC Industries Bhd and 22% stake in electrical product assembler Setron (M) Bhd. Over the past one week, stocks of companies linked to Amin have been actively traded despite weak market sentiment. BOLTON : [Stock Watch] [News]
Ingress: MAYBAN Securities is positive about Ingress's overall potential, particularly with its domestic and Thai automotive component manufacturing (ACM) divisions set to remain the key revenue contributors for FY2006. The brokerage expects the Malaysian ACM operation's growth to be driven by the launch of the Perodua Myvi while the Thai ACM operation is to benefit from the expected 10% year-on-year growth in Thailand's automotive industry. Analysts said Ingress' net profit margin would likely stabilise with the softening in steel prices. Ingress is usually able to pass on its raw material costs to most of its clients. INGRESS : [Stock Watch] [News]
Wah Seong: THE group's strong technical know-how and recent overseas acquisitions should help Wah Seong expand globally, hence translating into promising earnings outlook with a two-year compounded annual growth rate of 44.4%. As one of the top three pipe-coating companies in the world, it saw overseas business accounting for almost 90% of total revenue last year. Analysts said the group was aggressively positioning itself via overseas acquisitions to meet the growing global demand. It also plans to list its infrastructure and building materials unit which will help to unlock the hidden value to its shareholders. WASEONG : [Stock Watch] [News]
ILB: Integrated Logistics Bhd is one of the top pick stocks of Avenue Securities in its third quarter 2005 outlook report. Although the stock was affected by the recent sell-down in the lower liners, the brokerage said this actually offered an exciting opportunity to accumulate at lower prices, given ILB's exciting earnings prospects. It is expected to deliver an exponential earnings growth over the next two years, boosted by continuous capacity expansion and margin enhancement. ILB's operation in China is also set to grow between 60% and 70%, accounting for more than 60% of the group's total profit before tax in FY05. ILB : [Stock Watch] [News]
CAHB: THE catalysts for stronger performance of this stock include better-than-expected earnings results and the recent CIMB and Bumiputra-Commerce Bank restructuring exercise. Analysts said the restricted offer for sale price of RM4.80 for CIMB minority shareholders had somewhat provided support to the share price. Otherwise, CIMB minority shareholders would likely see an arbitrage opportunity emerging. Analysts also continue to like the stock for its sound fundamentals but some have lowered its fair value to RM5.50 from RM6.00 due to potential dilution in net tangible assets arising from the share swap.
COMMERZ : [Stock Watch] [News] CIMB : [Stock Watch] [News]
BOLTON : [Stock Watch] [News]
