TIMBER STOCKS TO LOOK OUT FOR

Timber stocks, Proton in focus

Written by Joseph Chin
Monday, 29 March 2010 10:21

KUALA LUMPUR: Timber stocks advanced in the early session on Monday, March 29 on expectations of higher prices as demand from Japan picks up .
Hwang DBS Vickers Research, on the stock market outlook, said even though key US equity barometers ended flat on Friday, it said there may be incremental buying interest coming in to lift share prices, ahead of the much anticipated Invest Malaysia 2010 conference to be held on Tuesday and Wednesday."
Hwang DBS Vickers Research said there could be rotational trading activity in CONSTRUCTION [registerQuotes("CONSTRUCTION", "CONSTRUCTION_span");] counters today following a news article speculating that Bina Puri (and its unlisted joint venture partner UEM Group) is on the verge of clinching the third package to build a new low cost carrier terminal valued at RM1.1 billion. Bina Puri and its partner might have beaten other contenders such as Sunway Construction, MRCB, Fajarbaru and Gadang Holdings-PPC joint venture, it said.
Timber stocks were the gainers, with Cymao up 24 sen to 90 sen but with only 200 shares done, Subur Tiasa rose 24 sen also to RM2.52, Jaya Tiasa 17 sen to RM3.92, Lingui 16 sen to RM1.36, Ta Ann 15 sen to RM5.95 while WTK added 11 sen to RM1.34.( ANY CHEAP AND UNDERVALUED TIMBER STOCKS THAT HAVEN'T MOVE?) ---cut & paste from the edge