WHILE most construction companies are struggling to maintain healthy order books, Bina Puri Holdings Bhd has secured a RM230mil sub-contract for the proposed Sarawak state assembly complex.
This project from main contractors Cahya Mata Sarawak Bhd and Naim Cendera Holdings Bhd has increased Bina Puri’s order book to RM2bil, giving the company sufficient work for the next three years. For its first financial quarter ended March, Bina Puri posted a net profit of RM1.2mil on RM88.9mil in revenue.
DESPITE overall cool reactions, a broker said Nestle (M) Bhd's net profit in the second quarter beat his expectations, hitting RM71.8mil compared with RM55.42mil in the corresponding period a year earlier. The company’s second quarter results ended June 30 showed a 30% year-on-year growth, and 5.6% quarter-on-quarter growth, spurred by new product launches.
In the second half of the year, the broker said, Nestle's net profit was likely to be affected by higher costs of raw materials, but this could be mitigated by the positive effect of the recent ringgit de-peg.
MALAYSIA Airlines (MAS) is expected to further strengthen its brand and international presence due to a two-year broadcast sponsorship pact with Asia’s top sports broadcaster, ESPN Star Sports. The sponsorship agreement will give the national carrier greater visibility, especially during the 2005/2006 and 2006/2007 seasons of the popular English Premier League.
Analysts said the deal would provide MAS with many intangible benefits, including exposure to 190 million households, through the ESPN Star Sports coverage.
ANALYSTS said news that the Government had called for a second round of tenders for the third-generation (3G) spectrum last week augured well for Digi.com Bhd. DiGi has expressed interest to explore opportunities in 3G.
Based on the criteria set by the regulator, the Communications and Multimedia Commission, a broker said DiGi was a strong contender in the bid due to its 2G coverage, strong balance sheet, and management and technical expertise in rolling out the Enhanced Data Rates for Global Evolution (EDGE).
HABIB : [Stock Watch] [News] DESPITE Habib’s share price rising four-fold since last October, most analysts remain upbeat on the stock. The company, which traditionally trades in jewellery, is now making a big foray into the oil and gas, coal and shipping industries, thanks largely to the entry of SCOMI GROUP BHD, the major shareholder of the company with a 29.6% stake, and Singapore’s Chuan Hup Holdings Ltd (28.9%).
A broker said Habib would be leveraging on the expertise of Scomi and Chuan Hup in their respective fields to boost earnings, noting that both companies were strong with quality assets and good cashflow.
Did you find this article insightful?