Stock Watch

  • Business
  • Monday, 23 Jun 2008

STANDARD & Poors’ (S&P) is optimistic that Astro All Asia Networks Plc's Malaysian pay-TV operations have enough momentum to drive the company forward. “We expect the Malaysian operations to remain strong despite potentially lower consumer demand from fuel and electricity prices,” it said.

S&P added that Astro would need to mitigate the high costs it has been incurring for the services provided to its Indonesian venture, PT Direct Vision.

 ASTRO :  [Stock Watch]  [News]

KENANGA Research is upbeat about the outlook for Suria Capital Holdings Bhd's port operations.

“We understand that management is currently exploring various cost reduction initiatives to improve port efficiency. Suria's port volume is expected to grow at 4% to 7% per annum,” it said.

It is understood that the group is also expanding its bunkering business and is considering an acquisition of an oil storage depot at Lahad Datu.

 SURIA :  [Stock Watch]  [News]

HIGH demand for global semiconductors has SJ Securities bullish about Visdynamics Holdings Bhd.

According to the research house, worldwide semiconductor manufacturing equipment billings reached US$10.56bil in the first quarter of 2008.

“Regions including North America, Korea and China posted strong quarter-on quarter growth despite the current economic environment,” it said.

SJ Securities added that the weakening ringgit would provide VisDynamics with a better competitive edge as a substantial portion of the company's products are exported.

 VIS :  [Stock Watch]  [News]

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