SenseCents

STOCK NEWS & ANALYSIS
ANNJOO - Given the stronger than expected numbers in FY07 coupled with favourable company prospects backed by escalating steel prices plus robust demand, we reiterate our BUY recommendation on Ann Joo Resources. With that, we have tweaked our earning estimates up marginally by 1.2% and 2.3% for the next 2 years that translate into a higher 12-month target price of RM4.62 or 41.8% upside potential. The fair value is derived from a 12x steel sector PER on FY08 numbers. (OSK)

DIALOG’s revenue jumped to RM212.364 million from RM99.506 million. For the first half ended Dec 31, 2007, the company's pre-tax profit stood higher at RM48.990 million from RM29.186 million.

Code/Price/Date/#Shares/Closing/Remarks
Annjoo/3.24/0219/1000/3.24/new buy
DBHD/0.3875/0906/4000/0.30/ hold
Dialog/1.639/1009/8000/1.54/ hold
Foutain/0.1475/0105/6000/0.00/ suspended
Idaman/0.3287/1025/4000/0.17/ hold
K1/0.9280/0411/4000/1.03/ hold
MEMS/0.175/0214/1000/0.17/ hold
MVest/0.804/0719/5000/0.77/ hold
Nscom/0.05/0713/1000/0.00/ suspended
Palette/0.1050/0829/4000/0.075/ hold
Putera/0.56/1115/3000/0.52/ hold
SKPRes/0.1633/1102/3000/0.145/ hold
Tebrau/1.2251/0822/4000/1.07/ hold