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Wednesday, May 13, 2009

Stock tp watch: Hovid, Scomi, Sime Supermax (ext: Edge)

Hovid recorded 4.79 mln or 90.09% hike of net profit when compares with 2.49 mln of the last accounting year ended March 31, 2008.

Stocks to watch would include Scomi Engineering which secured a massive project to build the monorail project in Bangalore, South India. Scomi Engineering has teamed up with another Indian company for the project. For more read The Edge FinancialDaily.

Sime Darby should attract interest after announcing its RM40 million investment in its oil palm genome project and it is expected to invest another RM100 million over the next two to three years.

Supermax expects overall sales to jump by at least 3% to 5% this year as demand for hygiene-control items increases following the H1N1 flu outbreak.

 

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