MAS, KIMLONG, TANJONG

Malaysia Airlines (MAS MK, Sell, TP: RM2.00) will increase flights from Kuala Lumpur to Tawau as well as Kuala Lumpur-Sandakan route to twice daily from Sept 16. Tawau and Sandakan are popular destinations for business and tourism, said MAS senior general manager for network and revenue management Dr Amin Khan. He said that demand for domestic travel has increased by 15% in the past few months due to the highly competitive fares offered by airlines. (TheStar)

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Kim Loong Resources Bhd (KIML MK, Hold, TP: RM1.70) expects earnings to move upwards in the remaining six months of this year in tandem with crude palm oil (CPO) prices. Demand for the commodity is “optimistically” expected to pick up within the next six months due to the upcoming festive seasons and a low crop season, according to managing director Gooi Seong Heen. “However, the downside risk is that inventory has begun piling up in China and India, which may pull down the price.” (Financial Daily)

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Tanjong Energy Holdings Sdn Bhd, the power generation arm of Tanjong Plc (TJN MK, Buy, TP: RM17.40), hopes to expand in the three regions of South-East Asia, the Middle East and North Africa and South Asia. Chief Executive officer Ong Peng Sung said the company was looking at investing in both greenfields and brownfields. (The Star)
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Tanjong Plc (TJN MK, Buy, TP: RM17.40) is looking to improve on its property division and expects its leisure sector to see a continuing growth. Chairman Datuk Robert Chiem, said the total revenue for Tropical Islands had increased by 37% to RM141m. He said that they are definitely continuing within the business especially with the signed agreement with an
European group for them to build houses in that location adding that the first phase will be completed by January 2011. Tanjong’s ED, Ralph Marshall continued that after the properties were built they may have an opportunity to consolidate, or sell, or take the benefit of growth of Tropical Islands. (Malaysian Reserve)