Versus the CI

  • Business

  • Saturday, 19 Apr 2003

  • NCB: WITH a cash pile of RM307mil as of end Dec 31, 2002, NCB Holdings Bhd, which has subsidiaries involved in port management and haulage services, could be eyeing acquiring ports in and out of Malaysia, according to securities house Kim Ong Asia. NCB is in the midst of increasing its annual capacity of 3.4 million twenty-foot equivalent units (TEUs) to 3.6 million TEUs, and expects to complete the upgrade by year-end. According to Multex Global Estimates, analysts project the company to earn a net profit of RM75.3mil for the financial year ending December 2003. In 2002, NCB reported a jump in net profit of RM67.4mil compared with RM43.7mil in the previous year. Revenue also rose to RM747mil from RM706.7mil. 

  • CSA: OCBC Research has recommended a trading buy on Computer Sy- stems Advisers (M) Bhd (CSA) as its earnings are on the mend, thanks to its parent Computer Sciences Corp (CSC) winning two major outsourcing contracts from DuPont and Motorola. Under the RM52mil outsourcing contract with DuPont, CSA will provide IT support for DuPont in the Asia-Pacific region. The meatier contract is from Motorola's US$1.6bil outsourcing deal, which will last 10 years. Although CSC has yet to reveal the quantum allocated to CSA, the research house believes an an- nouncement would be made in the middle of this year. CSA is also short-listed for a local outsourcing contract worth at least RM80mil. 

  • Malakoff: FOR investors looking for solid earnings and attractive dividends, Malakoff could be an option, analysts said. The independent power producer is booking earnings from its combined cycle power plant, operated by GB3 Sdn Bhd in Perak, which started commercial operations on Jan 31, 2003. Constructed in 2 phases, the second phase lifted generation capacity of the power plant to 640MW from 430MW. Of the 20 analysts polled by Multex Global Estimates, 15 are calling a buy on Malakoff. The consensus estimate net profit is RM393.7mil for Malakoff's current financial year and RM447.7mil next year. In the financial year ended August 2002, Malakoff reported a net profit of RM353.6mil againsr RM318mil in the previous year. 

  • Inti: INTI Universal Holdings Bhd is fa- voured by analysts for not only for its resilient earnings from education but also its success in franchising its own international programme. Surf88 said while contribution from franchising was relatively small, it expects the company to experience significant growth from tapping the huge Chinese market, having established its presence in the country since 1993. Factors that would boost profit margin this year are a minimum 10% rise in student population, a hike of between 5% and 10% in tuition fees for most of its courses and, the introduction of an administrative surcharge of RM1,000 on each new foreign student, starting this August. 

  • CSA: OCBC Research has recommended a trading buy on Computer Sy- stems Advisers (M) Bhd (CSA) as its earnings are on the mend, thanks to its parent Computer Sciences Corp (CSC) winning two major outsourcing contracts from DuPont and Motorola. Under the RM52mil outsourcing contract with DuPont, CSA will provide IT support for DuPont in the Asia-Pacific region. The meatier contract is from Motorola's US$1.6bil outsourcing deal, which will last 10 years. Although CSC has yet to reveal the quantum allocated to CSA, the research house believes an an- nouncement would be made in the middle of this year. CSA is also short-listed for a local outsourcing contract worth at least RM80mil. 

  • Malakoff: FOR investors looking for solid earnings and attractive dividends, Malakoff could be an option, analysts said. The independent power producer is booking earnings from its combined cycle power plant, operated by GB3 Sdn Bhd in Perak, which started commercial operations on Jan 31, 2003. Constructed in 2 phases, the second phase lifted generation capacity of the power plant to 640MW from 430MW. Of the 20 analysts polled by Multex Global Estimates, 15 are calling a buy on Malakoff. The consensus estimate net profit is RM393.7mil for Malakoff's current financial year and RM447.7mil next year. In the financial year ended August 2002, Malakoff reported a net profit of RM353.6mil againsr RM318mil in the previous year. 

  • Inti: INTI Universal Holdings Bhd is fa- voured by analysts for not only for its resilient earnings from education but also its success in franchising its own international programme. Surf88 said while contribution from franchising was relatively small, it expects the company to experience significant growth from tapping the huge Chinese market, having established its presence in the country since 1993. Factors that would boost profit margin this year are a minimum 10% rise in student population, a hike of between 5% and 10% in tuition fees for most of its courses and, the introduction of an administrative surcharge of RM1,000 on each new foreign student, starting this August. 

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