GO GO GO mahsing .. target price RM2.00

A CONSORTIUM of Middle East and Malaysian blue-chip institutional and individual investors is eyeing a strategic stake in established property developer Mah Sing Group Bhd, sources said yesterday.The local, Abu Dhabi and Kuwait investors are the ones who have been steadily purchasing real estate in Malaysia and investing in the property boom in the country in recent months."They are eyeing a strategic stake in Mah Sing to complete part of the Middle East-Southeast Asia property value chain," one source told Business Times."

Partnering with the current major shareholders and management of Mah Sing will likely be the vehicle of choice for the investors' Southeast Asian expansion plans."This is especially due to its strong cash balances, low gearing, solid management and good track record. Mah Sing, with its financial muscle and niche offerings, is of strong appeal to the consortium of investors," the source added.

Low PE too.. A good fundamental counter...
Buy in 5 lots of mahsing RM 1.84

Considering these two..

Ramunia
KUALA LUMPUR: Ramunia Holdings Bhd saw a block of 22 million irredeemable convertible unsecured loan stocks (ICULS) changing hands last Thursday, which may have been taken up by a Singapore government-linked company (GLC).
The source said Ramunia was expected to complete its yard upgrading by the first quarter of next year, paving the way for the company to undertake heavier and more complex structures.
The source said Ramunia was bidding for one local and an international project in India worth some US$400 million with an expected tentative award to be known as early as next week for both.
Price: RM 1.15
SapuraCrest Petroleum
KUALA LUMPUR: SapuraCrest Petroleum Bhd has secured a US$148 million (RM505 million) regional contract from Carigali-PTTEPI Operating Company Sdn Bhd (CPOC) for works within the Malaysia Thailand Joint Development Area (MTJDA).
In a statement yesterday, SapuraCrest said the award to its subsidiary TL Offshore Sdn Bhd entailed the transporting and installing of platforms for the JDA Block B-17 field development plan project. The contract is targeted to begin at the end of the third quarter of 2008 with completion expected about a year later.
“We are developing a partnership with them (CPOC) as our drilling unit is already providing services on a long-term contract and this major win extends the scope of work we are offering to include the installation of their offshore facilities,” said its executive vice chairman Datuk Shahril Shamsuddin
He said the company had been investing heavily in the development of capabilities, particularly in the areas of human capital, new assets and vessels over the past 36 months. These included investments of over RM2 billion on new assets and vessels including the RM850 million deepwater Sapura 3000 Heavy Lift and Derrick Lay vessel.
Price: RM 1.62

oilcorp~~

I sold my oilcorp at 1.34 already for two ..profit taking RM 170.. and recently buy mahsing at 1.84...