Sarawak Election: Prime Minister Najib Abdul Razak had a closed-door meeting with 63 Sarawak state assemblymen from BN at a leading hotel in Miri. BN secretary-general Tengku Adnan Tengku Mansor also joined the prime minister at the meeting.
The Sarawak Election Stocks: CMSB, KKB Eng, Naim, Dayang, TA Ann, Sarawak Plantations, Encorp, Zecon, Sarawak Cable, Sarawak Consolidated, SIG Gases, Petra Energy
MRT: The second MRT line, which circles the Kuala Lumpur city centre (KLCC) orbital and known as the “circle line”, is already in the final planning stage. The details are expected to be announced in March 2011. The funding structure for the MRT would be disclosed by end-February 2011. Tenders for the preliminary and main works will likely be called by Syarikat Prasarana Negara Bhd at the end of April 2011, with the awards to be announced "around mid-May 2011.
Key Beneficiaries: Sunway City Bhd, Bstaed, MK Land, Glomac, Mulpha, Malton, Selangor Properties, GuocoLand, E&O, MRCB, YTL Land, SP Setia, TAGB, IJM Land, Metro Kajang, Bertam Alliance, Mah Sing, UDA, Gamuda Land, Bolton, IGB
Green Packet would reveal more details on its break-even levels when it announced its full-year results for 2010 in Feb 2011. Green Packet would likely record another Ebitda (earnings before interest, tax, depreciation and amortisation) loss in 4Q10 although broadband subscribers achieved was close to its 280,000 target.
GPacket: 0.800 (HDBS), 0.78 (OSK)
WellCall: The market is speculating whether WellCall will earmarked all its earnings as dividends this financial year ending Sept 30. The company will release its first financials in Feb 2011. This comes on the backdrop of costlier natural and synthetic rubber, the company’s primary raw materials.
Wellcall: 1.30 (Inter Pacific), 1.22 (CIMB)
Bernas: Bernas is sitting on a stockpile of rice that is growing in value due to the commodity’s uptrend on the international market. Although the commodity is on the government’s price control list, Bernas is posed to gain from higher prices on the international market because of its low cost inventory. However, the extent to which it can do so is controlled by the government, as some of the lower grades of rice are price controlled items in Malaysia . Bernas, which has been holding ample stock of the commodity will eventually benefit as rice prices climb in tandem with soaring food costs around the world and inflation rises.
Maxbiz: The future of Maxbiz hangs in the balance awaiting the outcome of an EGM likely to be held at the end of Feb 2011. It has announced to that it will seek shareholders’ approval at a meeting to remove its current auditor, Messrs Gomez & Co, and appoint STYL Associates as its new auditor. While this seem like a non even, such a change could have far reaching implications. In a nutshell, the company could be out of the doldrums if all goes as planned. What its officials are trying to do is to reverse its PN17 status, which Gomez & Co placed on Maxbiz.
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