MEGA First Corp
Mega First Corp Bhd added 2 sen yesterday to RM1.32, lifted by the company's announcement on Thursday that it had inked the long-awaited agreement to develop a hydropower plant project in Laos.
The project will have a capacity of up to 360 megawatts of electricity and is expected to start commercial operation in 2013.
SHARES in Malaysia Smelting Corp Bhd fell 35 sen to a seven-month low of RM7.30 ahead of its full year results, which were released late yesterday.
The tin miner's net profit tripled to RM45.33mil, or 60 sen per share, in the last quarter ended Dec 31, against RM14.44mil, or 19.3 sen per share, in the previous corresponding period. This boosted the group's full year net income to 89.9 sen per share versus 55.3 sen previously.
The profit jump was attributed to higher tin prices during the period and the rationalisation at Indonesian unit, PT Koba Tin. Tin price has risen 56% over the past one year.
SHARES in logistics services provider Trans-Asia Shipping Corp Bhd rose 2 sen to 97 sen yesterday on news that the company had agreed to lease its facilities in Bangi to Honda Malaysia for six years.
The company, which was listed on Dec 28, 2007, was offered at an initial offer price of RM1.10.
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