Air Asia, Fajarbaru Stock to Watch
Friday, October 22, 2010
Fajarbaru weekly chart - downtrend line broken Fajarbaru landed a contract worth RM36.47 million from the East Coast Economic Region Development Council (ECERDC) for the CONSTRUCTION of the first phase of the Pasir Mas Halal Park in Kelantan. Yesterday, Fajarbaru said its unit Fajarbaru Builder Sdn Bhd had received the letter of acceptance from the ECERDC on Oct 19. It said the construction period was 15 months commencing from the date of possession on Nov 1 this year.
Air Asia weekly chart - with strong uptrend
AirAsia extended the term of its cooperation agreement with Tune Talk Sdn Bhd (TTSB) up to July 27, 2011 to generate extra revenue and further boost the low-cost carrier's branding.
Under the terms of the agreement, AirAsia would continue selling any unsold TTSB SIM cards; allow TTSB to continue redeeming unused e-gift vouchers; continue utilising the various advertising platforms; and continue AirAsia's entitlement to be remunerated with a 5% sale commission on total top-up sales.
TTSB is 23.42% owned by Tune Ventures Sdn Bhd, in which both Datuk Seri Tony Fernandes and Datuk Kamarudin bin Meranun are substantial shareholders. The low-cost carrier has also been in focus lately after several analysts raised their target price and earnings estimates on it. Analyst raised their target price for the low-cost carrier following the release of its preliminary 3Q operating statistics on Tuesday, which saw revenue passengers kilometre (RPK) increasing 26.6% from a year earlier.
MBSB’s net profit for the nine months ended Sept 30, 2010 surged to RM133.21 million from RM66.91 million a year earlier, due mainly to higher loan and financing income, especially from the expansion of personal financing and higher other operating income from personal financing activities. These were partly set off by higher operating expenses and higher loan loss impairment, it said in a filing to Bursa Malaysia on Thursday, Oct 21.
MBSB chief executive officer Datuk Ahmad Zaini Othman said the company’s sustainability of its profit for the current quarter was due to the right strategies adopted.
OSK Holdings’ indirect wholly owned subsidiary OSK Indochina Securities Ltd (OSKIL) has been issued the licence for Securities Firm by Securities and Exchange Commission of Cambodia (SECC). The licence permits OSKISL to undertake securities underwriting business, securities dealing business, securities brokerage business and investment advisory business in Cambodia.
source: theedgemalaysia
Air Asia weekly chart - with strong uptrendUnder the terms of the agreement, AirAsia would continue selling any unsold TTSB SIM cards; allow TTSB to continue redeeming unused e-gift vouchers; continue utilising the various advertising platforms; and continue AirAsia's entitlement to be remunerated with a 5% sale commission on total top-up sales.
TTSB is 23.42% owned by Tune Ventures Sdn Bhd, in which both Datuk Seri Tony Fernandes and Datuk Kamarudin bin Meranun are substantial shareholders. The low-cost carrier has also been in focus lately after several analysts raised their target price and earnings estimates on it. Analyst raised their target price for the low-cost carrier following the release of its preliminary 3Q operating statistics on Tuesday, which saw revenue passengers kilometre (RPK) increasing 26.6% from a year earlier.
MBSB’s net profit for the nine months ended Sept 30, 2010 surged to RM133.21 million from RM66.91 million a year earlier, due mainly to higher loan and financing income, especially from the expansion of personal financing and higher other operating income from personal financing activities. These were partly set off by higher operating expenses and higher loan loss impairment, it said in a filing to Bursa Malaysia on Thursday, Oct 21.
MBSB chief executive officer Datuk Ahmad Zaini Othman said the company’s sustainability of its profit for the current quarter was due to the right strategies adopted.
OSK Holdings’ indirect wholly owned subsidiary OSK Indochina Securities Ltd (OSKIL) has been issued the licence for Securities Firm by Securities and Exchange Commission of Cambodia (SECC). The licence permits OSKISL to undertake securities underwriting business, securities dealing business, securities brokerage business and investment advisory business in Cambodia.
source: theedgemalaysia
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