Maybank IB flyers

1. Mah Sing Group Berhad (MAHSING, Stock Code: 8583)

Mah Sing Group Berhad manufactures plastic molded products, operates in property development and investment, trades plastic and other related products and provides construction services

Currently, the Group has 33 projects spread throughout Malaysia 's economic nexus and property hotspots, namely KL and the Klang Valley , Johor Bahru (Iskandar Malaysia ) and Penang Island (North Corridor Economic Region). The Group's principal activity is in property development. Apart from the core business, the Group is also involved in plastic manufacturing and trading in Malaysia and Indonesia .


2. Coastal Contracts Berhad (COASTAL, Stock Code: 5071)

Coastal Contracts Berhad provides fabrication and sale of marine transportation vessels, property letting, ship repairs and maintenance, sub contract services, vessel chartering, tugboat and barge transportation, equipment hiring as well as barge hiring and leasing services.

With the Libya oil crisis, Brent Crude oil has now risen above USD120/barrel. Coupled with Petronas' re-gassification projects, Coastal is expected to gain from these 2 factors.

3. Masterskill Education Group Berhad (MEGB, Stock Code: 5166)

Masterskill Education Group Berhad is an investment holding company. Its subsidiaries provide higher education and training in nursing and allied health sciences.

It intends to open a campus in Indonesia soon in a move to diversify geographically, sources said. It will form a joint venture with Indonesia-based hospital owner PT Sejahteraraya Anugrahjaya (PTSA) for the venture. Having touched a low of RM1.67, its share price seems to have risen due to this news.

4. Mitrajaya Holdings Berhad (Mitra, Stock Code: 9571)

Mitrajaya Holdings Berhad is an investment holding company. Through its subsidiaries, it constructs buildings and roads, provides civil engineering services, supplies construction materials, and manufactures and sells ready-mix concrete. It also invests, manages and leases plant and machinery.

Its PE (of 5.9x) is still attractive since our recommendation to buy this stock at RM1.25 a few months back. Having successfully done KLIA & the Cyberjaya Flagship Zone, it may look to gain further as it may possibly be given a role in the coming Sg Buloh-Kajang MRT project. It performed a successful role in KL LRT project before.