#Stocks To Watch* Gamuda, MMC, Hwang-DBS, Sumatec, MRCB, GuocoLand

  • SPAD suspends permits of 27 Transnasional express buses – Bernama
    SPAD suspends permits of 27 Transnasional express buses – Bernama

    The Land Public Transport Commission (SPAD) is suspending the permits of 27 Transnasional express buses plying the East-North Sector effective Wednesday following accidents involving buses of the company. SPAD chief executive officer Mohd Nur Ismal Mohamed Kamal in a statement today said the decision was taken after audits found the company... …

  • High Court upholds conviction, sentence of police sergeants – Bernama

    The Kuala Lumpur High Court today dismissed the appeal by two police sergeants to overturn their conviction for assaulting two detainees six years ago.  Judge Amelia Tee Hong Geok Abdullah also upheld the four-year jail sentence meted out on Sergeants Mohd Shafiee Abdul Halim, 51, and Mohd Diah Sulaiman, 51, from the Brickfields police... …

  • Meeting Obama would have been helpful, says Anwar
    Meeting Obama would have been helpful, says Anwar

    Opposition leader Datuk Seri Anwar Ibrahim (pic) said today a meeting with US President Barack Obama during a coming visit to Malaysia would have been "consistent with US democratic ideals", after Washington said there would be no such encounter. But Anwar, who was convicted of sodomy in March and whose opposition is engaged in a fierce... …

  • Families of MH370 passengers reject ‘high-level’ meeting, want technical experts – Bernama
    Families of MH370 passengers reject ‘high-level’ meeting, want technical experts – Bernama

    A high-level delegation, comprising government representatives and Malaysia Airlines management officials, is expected to arrive in Beijing to meet with the next of kin of passengers onboard the missing flight MH370, within the next 24 to 48 hours. "The team will meet the families face-to-face to discuss their plan to move forward on this... …

  • EC to hold meeting on Bukit Gelugor seat – Bernama
    EC to hold meeting on Bukit Gelugor seat – Bernama

    The Election Commission (EC) will hold a special meeting to discuss the Bukit Gelugor parliamentary seat in Penang this Thursday.     EC secretary Datuk Abdul Ghani Salleh said it received notification from the Speaker of Dewan Rakyat at 11am today on the vacant Bukit Gelugor seat following the death of its MP, Karpal Singh (pic).     The... …

  • Transfer not voluntary, Albukhary university gave us ultimatum, says student
    Transfer not voluntary, Albukhary university gave us ultimatum, says student

    The pending closure of Malaysian tycoon Tan Sri Syed Mokhtar Albukhary's full-scholarship university in Kedah has taken on another twist with a student refuting the university's claim that the transfer of students to other institutions was on a "voluntary" basis. He said the Albukhary International University (AIU) had not given students much... …

KUALA LUMPUR (Feb 8): From news flow and filings with the stock exchange today, stocks to watch on Wednesday (Feb 13) after the 4-day break may include MMC, Gamuda, Hwang-DBS, Sumatec, MRCB and GuocoLand.

Mass Rapid Transit Corporation Sdn Bhd and MMC-Gamuda KVMRT (T) Sdn Bhd announced that they have signed the agreement for the underground works of the MRT Sungai Buloh-Kajang Line, valued at RM8.28 billion.

MRT Corp’s chief executive officer Datuk Azhar Abdul Hamid said the 9.5 km underground section, situated between the Semantan North Portal and Maluri South Portal, will serve the busiest and congested parts of Kuala Lumpur.

The agreement is for the design, construction and completion of the underground works. The underground works include the construction of tunnels, stations and associated structures along the underground stretch.

MMC-Gamuda KVMRT (T) is a 50:50 joint venture between MMC Corportion Bhd and Gamuda Bhd.

Phase One of the MRT Sungai Buloh-Kajang Line, stretching from Sungai Buloh to Semantan, will be operational by the end of 2016. The second phase, from Semantan to Kajang, will be open to the public by July 2017.

Additionally, Gamuda may get a boost from a Citi report, which recommends a “buy” call, with target price of RM4.02.

“We believe the company is a key beneficiary of the RM22 billion KVMRT-SBK Line, Malaysia's largest infrastructure project to date, given its part as the Project Delivery Partner with MMC. Gamuda's property division is seeing strong property sales which should translate into earnings growth in FY12-14E,” said Citi said in a note given to the Edge.

Hwang-DBS (Malaysia) Bhd may continue to attract trading interest as the Edge Weekly reported that it is in the final stages of hiring a foreign investment bank to the adviser in the disposal of its entire business, mainly in investment banking and stockbroking.

The major shareholders of the listed company, including DBS of Singapore, are said to be keen to sell the whole company.

Three financial institutions – Affin Holdings Bhd, AMMB Holdings Bhd and K&N Kenanga Holdings Bhd – have expressed interest to take over the company.

The share of Hwang-DBS has been rising since late December from RM2.40, surging to a 52-week high of RM3.88 on Feb 5. The share suddenly shot up 14% to RM3.72 on Jan 31, from RM3.26 the previous day. It closed at RM3.79 today, after gaining 14 sen.

Loss-making Sumatec Resources Bhd may also attract some trading interest following a report in the Edge Weekly that its regularisation plan is heading for completion and its oil field in Khazakhtan is producing 300-500 barrels of oil per day.

Its new CEO Chris Dalton said Sumatec could return to the black in the third quarter of 2013, as the company is expected to begin to recognise profits from the sale of oil.

Malaysian Resources Corporation Bhd (MRCB) suspended trading of its shares today as the company is proposing a corporate exercise “involving a very substantial transaction”.

MRCB’s shares, last traded at RM1.26, could see movements depending on how investors and analysts view the exercise. The exercise was not known at press time.

But meanwhile, Lembaga Tabung Haji reported that during Feb 5-6, it had bought a total of 1.2 million shares in MRCB after selling a total of 479,000 shares on Jan 21 and Jan 22.

GuocoLand (Malaysia) Berhad informed that it had during the last 12 months, disposed of quoted securities held as investments in the open market for RM45.28 million. The disposals had resulted in a gain of approximately RM3.22 million.

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  • Education Backgrounds OF Those Who Have Been Devising The Education Policies Of Malaysia Easyuni.com
    Education Backgrounds OF Those Who Have Been Devising The Education Policies Of Malaysia

    Malaysia gained its independence in the year 1957 and since its early days laid stress on improving the quality of education at all levels. Throughout its five year plans, education has been an important development objective. Right in the first development plan itself the direct relationship between the rate of economic and social advancement on […] …

  • In funeral procession, thousands chant ‘Karpal Singh! Karpal Singh! Karpal Singh’ (VIDEO) The Malay Mail Online
    In funeral procession, thousands chant ‘Karpal Singh! Karpal Singh! Karpal Singh’ (VIDEO)

    GEORGE TOWN, April 20 — The streets of Penang’s historical city centre roared with the voices of thousands calling out the name of their state’s beloved son — Karpal Singh.  Elbows jostled with... …

  • Raja Bomoh spouting mumbo-jumbo again The Malaysian Insider
    Raja Bomoh spouting mumbo-jumbo again

    Bomoh (shaman) Ibrahim Mat Zin (pic, third left) is in the headlines for the wrong reasons again, this time for conducting a cleansing ritual along KM306.1 of the North-South Expressway. The area has been in the spotlight since last Thursday after Bukit Gelugor MP Karpal Singh died when his Toyota Alphard was involved in a collision with a... …