Stock Watch


Perisai Petroleum  

STANDARD & Poor's is maintaining its "strong buy" call on Perisai Petroleum Teknologi Bhd on an expected rebound in the latter's business activities in 2007.  

"We anticipate stronger earnings performance in the second and third quarters of financial year (FY) 2007 on the start of income contribution from its Qatar project and the short-term lease of a recently acquired workboat," the research house said in its report.  

 

Satang Holdings  

SECOND board-listed defence contractor Satang Holdings Bhd continues to have an "overweight" rating from SJ Securities.  

Satang's industrial pipe-cleaning joint venture formed in April with GPA Holdings Bhd was well-positioned to capture upcoming water projects, the brokerage said in its report.  

Besides this, Satang had secured a RM1.5mil contract from the Defence Ministry and was poised to get more such contracts, the report said.  

 

MFM  

Malayan Flour Mills Bhd has received an upgrade to a "buy" from Netresearch.  

"The recent approval by the Government for a 15 sen per kg hike in the selling price of general purpose flour is positive for the group," the research house said in its report.  

Netresearch has upgraded its FY2007 and FY2008 earnings forecasts for the company by 12% and 17% respectively.  

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