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

  • MCA has no guts to stand up to Umno on hudud issue, says DAP
    MCA has no guts to stand up to Umno on hudud issue, says DAP

    DAP has accused MCA of being hypocritical over the hudud issue, saying the Barisan Nasional party has the nerve to attack DAP because its Pakatan Rakyat coalition partner PAS wants to impose Islamic criminal law but has no courage to tick off big brother Umno for "supporting" its implementation. DAP secretary-general Lim Guan Eng (pic) told... …

  • Hijacked plane forced to land at Bali airport, says report

    A hijacked Virgin Blue flight has landed at Indonesia's Bali airport, according to Reuters quoting Indonesia's Metro TV. MORE TO COME]]> …

  • Obama to meet Bersih, Islamic Front leaders
    Obama to meet Bersih, Islamic Front leaders

    United States President Barack Obama will meet with leaders of Malaysian civil society movements, including those from the Coalition for Free and Fair Elections (Bersih), Islamic Renaissance Front and the Bar Council during his visit to Kuala Lumpur this weekend. …

  • Two criminal systems already exist, Gerakan told

    PAS legal bureau chairperson Mohamed Hanipa Maidin was responding to Gerakan's legal notice yesterday to challenge the former's intention to submit a Bill in Parliament to implement hudud law in Kelantan. "Gerakan's allegation outlined in the notice to PAS, that implementing hudud would result in the existence of two systems of criminal justice in the country is, with due respect, an allegation that is rash and baseless. Hanipa ( right ) said "for Gerakan's information", two criminal justice …

  • Selangor set to end water rationing next week

    The Selangor menteri besar expects to lift water rationing for the state and Kuala Lumpur by next week if current efforts to pump fresh water from mining ponds continue to prove successful. "We can declare the rationing discontinued next week if these conditions prevail," MB Abdul Khalid Ibrahim told a press conference in Klang today. He said as of today, eight pumps were drawing 400 million litres per day (MLD) of fresh water from alternative sources to help fill the drying Sungai Selangor …

  • 'Court decision on PAA a victory for all Malaysians'

    Human rights defenders welcomed the Court of Appeal's landmark decision which ruled Section 9(5) of the Peaceful Assembly Act 2012 (PAA), punishing citizens who do not give 10 days' notice before they hold an assembly, to be unconstitutional, but cautioned that there were still some more kinks to be ironed out. Lawyers for Liberty executive director Eric Paulsen said that given the Court of Appeal's decision, those previously charged in lower courts over the Black505 rally and other …

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.

Follow @YahooMalaysia on LINE for daily news updates.

Comments on Yahoo pages are subject to our link to Comments Guidelines. You are responsible for any content that you post. Yahoo is not responsible or liable in any way for comments posted by its users. Yahoo does not in any way endorse or support comments made by its users.

  • 'Smaller' size keeps women loyal to men: Study IANS

    A team of researchers from the US and Kenya found that there was a strange link between the size of the penis and infidelity in a marriage. Contrary to what many men may assume, they found that men with bigger penises are more likely to have wives who cheat on them. …

  • In Disney's shadow, homeless families struggle Associated Press
    In Disney's shadow, homeless families struggle

    KISSIMMEE, Fla. (AP) — When they moved from Georgia to the theme park playground of central Florida four years ago, Anthony and Candice Johnson found work at a barbecue restaurant and a 7-Eleven. Their combined salaries nevertheless fell short of what they needed to rent an apartment, so the couple and their two children have instead been hopping among cheap motel rooms along U.S. 192. …

  • My last moments with Pa: Ramkarpal Singh The Malaysian Insider
    My last moments with Pa: Ramkarpal Singh

    A week after the tragic crash that took the lives of veteran lawyer and politician Karpal Singh and his personal aide, Michael Cornelius, his son Ramkarpal recounts the final hours with his father that fateful day. This is his story, as told to V. Anbalagan, assistant news editor. “My parents (Karpal and Gurmit) had gone to Pantai Hospital... …