What happen to Time? and What else to look?

Not only Digi.com has been suspended, Time DotCom and Time are also suspended today.

According to a report by the Star, DiGi.Com will sign today a definitive agreement with Time Dotcom to cement an earlier forged alliance on the transfer of the latter's 3G spectrum.

The signing of the accord between the two companies, which requested a suspension in the trading of their shares today, would be witnessed by Energy, Water and Communications Minister Datuk Seri Lim Keng Yaik.

In mid-November last year, DiGi and TDC forged an alliance under which DiGi would buy the spectrum from TDC and place a RM 50 mil guarantee with the Government.

We can turn our attention to another two counters, namely TRC Synergy and Muhibbah.

I will summarise the reports from The Star as follows:

TRC Synergy Bhd expects to make more investments in the oil and gas(O&G) industry via wholly-owned until TRC Energy Sdn Bhd this year by acquiring stakes or injecting capital into smaller O&G related companies.

On its investment in PetroBru, to build an oil refinery in Brunei, the Executive director of TRC Energy Sdn Bhd Datuk Abdul Aziz Mohamad said he expected the unit to contribute to earning from 2010.

The construction of the oil refinery, which would cost between US$1.5 bil and US$3.5 bil, is expected to begin in two years on completion of feasibility studied and final approval from the Brunei government.

On the company's core business in construction, Abdul Aziz said its order book currently stood at RM 1.4 bil comprising seven to eight local jobs, which would last until 2010.

Analysts picked Mubibbah because of its steady flow of contracts, continue capacity expansion and good earnings visibility.

Muhibbah's order book currently stands at a record RM 4.45 bil.

Of the total, construction-the biggest contributor-accounts for RM3.43 bil, followed by crane manufacturing (RM559mil) and shipbuilding (RM467 mil)

The company posted an average net profit growth of 30.4% in the last four quarters, the most significant being in the first quarter of 2007 when it recorded a 67% jump in net profit to RM 14.63 mil from RM8.76 mil in the preceding quarter.

At noon, TRC closed at 2.24 whereas Muhibah closed at 3.46.