News Item: : 2007’s star performers
(Category: Publication - The Star)
Posted by Web Master
Wednesday, 02 January 2008
EXACTLY a year ago, StarBiz highlighted 10 stocks that were thought would deliver in 2007. The result tallied a year later was better than expected.
Six of the 10 stocks featured outperformed the KL Composite Index’s (KLCI) 31.8% gain during the year. Plantation stocks and restructuring plays were the big winners.
Asiatic Development Bhd doubled its share value as palm oil prices kept hitting records.
Shares in CB Industrial Products Bhd posted a total return of 44% in 2007, as the maker of palm oil milling equipment benefited from the boom.
Also record crude oil prices during the year were expected to be a major boost for fabricator APB Resources Bhd. But the lack of capacity curbed the group’s ability to rapidly increase its order book, hence limiting its growth potential.
The stock could have gone higher, but a total return of 32% during the year, including from dividends, was commendable.
Best performer Malaysian Resources Corp Bhd gained 146% during the year, as the troubled group staged a strong turnaround.
Shares in MRCB, however, had been consolidating over the past months, and some analysts see this as an opportunity to enter the revived group at lower levels.
Two other restructuring picks, RHB Capital Bhd and ACP Industries Bhd (now known as MTD ACPI Engineering Bhd), posted handsome gains of 78% and 61% respectively.
But carmaker Proton Holdings Bhd was a big letdown.
The stock tanked in the last quarter after a widely anticipated deal with Volkswagen AG was scuttled. Shares in Proton fell to its lowest in seven years, but with car sales picking up, the stock may be worth a punt at these levels.
Another big disappointment was Green Packet Bhd, which halved its stock value during the year.
Meanwhile, manufacturers had a tough time in 2007.
Plywood maker Eksons Corp Bhd eked out a 6% return, including a special payout, but industrial rubber hose maker Wellcall Holdinsg Bhd fell 16% during the year despite sustained growth in quarterly profits.
This news item is from MTD ACPI Engineering Berhad
( http://www.mtdacpi.com/news.php?extend.7 )
(Category: Publication - The Star)
Posted by Web Master
Wednesday, 02 January 2008
EXACTLY a year ago, StarBiz highlighted 10 stocks that were thought would deliver in 2007. The result tallied a year later was better than expected.
Six of the 10 stocks featured outperformed the KL Composite Index’s (KLCI) 31.8% gain during the year. Plantation stocks and restructuring plays were the big winners.
Asiatic Development Bhd doubled its share value as palm oil prices kept hitting records.
Shares in CB Industrial Products Bhd posted a total return of 44% in 2007, as the maker of palm oil milling equipment benefited from the boom.
Also record crude oil prices during the year were expected to be a major boost for fabricator APB Resources Bhd. But the lack of capacity curbed the group’s ability to rapidly increase its order book, hence limiting its growth potential.
The stock could have gone higher, but a total return of 32% during the year, including from dividends, was commendable.
Best performer Malaysian Resources Corp Bhd gained 146% during the year, as the troubled group staged a strong turnaround.
Shares in MRCB, however, had been consolidating over the past months, and some analysts see this as an opportunity to enter the revived group at lower levels.
Two other restructuring picks, RHB Capital Bhd and ACP Industries Bhd (now known as MTD ACPI Engineering Bhd), posted handsome gains of 78% and 61% respectively.
But carmaker Proton Holdings Bhd was a big letdown.
The stock tanked in the last quarter after a widely anticipated deal with Volkswagen AG was scuttled. Shares in Proton fell to its lowest in seven years, but with car sales picking up, the stock may be worth a punt at these levels.
Another big disappointment was Green Packet Bhd, which halved its stock value during the year.
Meanwhile, manufacturers had a tough time in 2007.
Plywood maker Eksons Corp Bhd eked out a 6% return, including a special payout, but industrial rubber hose maker Wellcall Holdinsg Bhd fell 16% during the year despite sustained growth in quarterly profits.
This news item is from MTD ACPI Engineering Berhad
( http://www.mtdacpi.com/news.php?extend.7 )