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Salcon out to double profit

WATER engineering specialist Salcon Engineering Bhd, a 51% subsidiary of Kumpulan Emas Bhd, is targeting to double its pre-tax profit and turnover to RM36.4mil and RM337mil respectively, for the financial year ending July 31.

Ranhill gets aggressive

RANHILL Bhd, a favourite among the small capital construction stocks, clearly eager to continue to please, plans to double its order book as well as move into a new business #8211; power generation.

Opec output may rise by up to 2mil bpd

Top producer Saudi Arabia and other members of the Organisation of Petroleum Exporting Countries (Opec) are reportedly set to increase oil output by up to two million barrels per day (bpd) to cool blistering prices that are threatening the world economy.

Palmco won’t buy more plantation land in near future

PALMCO Holdings Bhd will not be acquiring more plantation land in the near future, after it completes the purchase of 23,000ha of plantation estates from the Dutch consumer goods giant Unilever plc.

The healing continues

ABDUL Rahman Ahmad and Shahril Ridza Ridzuan, were uneasy when they were thrust into the corporate limelight back in October 2001. They probably still are.

PJ Development sees Vietnam as launch pad for forays into Asean

PROPERTY developer PJ Development Holdings Bhd (PJD) sees Vietnam as its launch pad for forays into the rest of Asean, and is aggressively pursuing projects in properties, hotel and tourism management, construction and power cabling there.

IOI still a favourite for investors

IOI Corp Bhd has been a firm favourite among institutional funds for a long time. Investors usually cite the management#039;s strength and solid core of businesses as reasons for owning a slice of the company.

4 pillars to propel growth for Eden

INFRASTRUCTURE and manufacturing will be the twin engines of growth for Eden Enterprises (M) Bhd and position the company on a strong financial footing for the 2003 financial year.

Mega Fortris confident of doubling turnover

SECURITY seals manufacturer Mega Fortris (M) Sdn Bhd has projected its turnover to double to some RM100mil this year.

MRCB signs RM88mil cash deal for Landas Utama

MALAYSIAN Resources Corporation Bhd (MRCB) has entered into an agreement to acquire a holding company that would give it a 24.9% shareholding in major property developer UDA Holdings Bhd for RM88mil cash.