Stocks to watch QL, Goh Ban Huat, Coastal Contracts, RHB Capital (ext: Edge)

Stocks to watch include Maybank, QL Resources, RHB Capital, Goh Ban Huat and Coastal Contracts.

Maybank could be making a one-off impairment for its investment in Bank Internasional Indonesia. THe results will be announced after market close.

Bank Negara's monetary policy meeting will release its statement today on its interest rate policy, which economists expect to stay unchanged. The central bank will release the second quarter GDP data on Wednesday.

QL Resources could see heavier trading activity after its proposed bonus issue of one for five shares held. QL is trading very much below analyst consensus of RM4.43 per share, and with resilient 1Q09 earnings report, sentiment in the counter could perk up.

RHB CAPITAL BHD [ ] reported its earnings for 2Q09 rose 11.24% to RM301.53 million from RM271.07 million a year ago.

RHB Cap also declared an interim gross dividend of five sen per share for the quarter under consideration.

In GBH, Tycoon Tan Sri Robert Tan Hua Choon acquired an additional 11.23 million shares at RM1.50 apiece and also raised his offer price for the outstanding shares, which he does not own, to RM1.50 from RM1.25.

GBH's share price has not hit the RM1.50 mark since mid-July, and with the share trading at RM1.385 on average for the month of August. What is interesting to note is that he also extended the revised offer price for those shareholders who had accepted the offer earlier.

Coastal Contracts sold two offshore support vessels and a tugboat for US$19.7 million (RM70 million), boosting its orderbook to RM1.55 billion that will last through 2011. It also reported earnings growth of 50.71%. It declared a dividend of three sen per share as well as an improved topline of RM94.94 million.