Place Yr Bet - PetDAG,CyPark,MYEG ... 2/4/2011

Petronas Dagangan Bhd, controlled by Malaysia ’s state oil and gas company, is seeking to acquire assets to strengthen its retail network. The company is debt-free and has a cash-pile of RM1 billion.


CyPark: A country's largest publicly traded renewable energy company, has submitted proposals to the government to take over as many as 32 non-sanitary landfills and to design, build and manage integrated waste disposal sites. It had submitted the proposals sometime late 2010, and expects to know the outcome for the landfills in the current financial year (2011). On the integrated waste disposal sites, the government had said that it will cost as much as RM270 million to build, design and manage nine waste disposal sites. This cost, however, does not include the cost of acquiring the land. The company may know by 2011 if it is chosen to run the fresh waste disposable sites. Much of this will also depend on the passing of the Renewable Energy Act. If passed, the act will be a boon for Cypark as it had started converting landfills into RE parks.

2.98 (OSK), 1.45 (MIMB)


MYEG: The company’s earnings are poised to grow rapidly in the next few years, driven by (1) continued growth in the road tax renewal service, (2) increasing network, coverage and market share, with its expanding number of e-service centres, and (3) new products and services, the most important being the immigration and customs service tax monitoring initiatives.

MyEG is now embarking on a new phase of growth as it expands its services to include those from the Immigration Department (for maid and foreign workers’ annual permit renewal), and most significantly, a customs tax-monitoring service with the Royal Malaysian Customs.

In the near term, the company’s earnings will continue to be driven by the road tax renewal services which are growing rapidly. Its earnings ability to surprise on the upside from FY12 onwards will be due to the customs tax monitoring, immigration and other services in the pipeline.

Place Yr Bet - JCY,TRC,MEGB.. 1/4/2011

JCY: JCY International Bhd is in the midst of courting one of the world's leading electrical and electronic (E&E) companies from Japan as its new client. In its financial year 2010, the company had secured contracts to supply hard disk drive (HDD) mechanical components to two new major customers in the E&E industry from Japan and South Korea .

1.88 (CIMB), 0.94 ( Alliance ), 1.90 (UBS), 1.31 (RHB), 0.85 (OSK)



TRC Synergy: TRC is one of few West Malaysian-based contractors licensed to bid for state-funded projects in Sarawak . It is in the final stages of clinching four packages in the Sarawak Corridor of Renewable Energy (Score) worth about RM500 million out of RM1.5 billion outstanding bids. TRC has also bid for Phase 2 of the LRT extensions worth about RM2.2 billion, where it hopes to leverage on its lower mobilisation fees and machinery costs with the first phase already in hand. The tender has closed mid-March 2011 with possible award in June 2011. TRC’s 26% stake in PetroBru (B) Sdn Bhd may bear fruit soon. Project approval is pending a revised blueprint for Pulau Muara Besar, Brunei , where the refinery will be built. Investor interest in the refinery is also rising, which should lend weight to an official approval by the Brunei government. This will pave the way for about RM2 billion worth of infrastructure and reclamation works on the island and US$4.3 billion (RM13 billion) to construct the refinery.

2.25 (HDBS), 1.80 (RHB)


MEGB: Its key re-rating catalysts are more affirmative indications in relation to PTPTN’s loan allocation and the potential approval of courses at its new Kuching campus.

4.90 (HDBS), 2.47 ( Alliance ), 3.44 (OSK), 4.48 (CIMB)