Stock Market Books

Monday, May 26, 2008

Ken has projects with GDV of RM 650m to last for 5 years

Ken Holdings has projects in hand with Gross Development Value (GDV) of RM650 m, to keep group busy over 5 years. It has now 140 acres of land for development and it is Eyeing more landbank in Klang Valley.

Wah Seong first quarter net profit is up 61 % to RM29m from RM 18m a year ago. It recognized the deferred tax assets. Revenue is RM510.5 m vs RM 429.15m. EPS is recorded at 4.25 sen.

Kulim first quarter net profit surges 182% to RM98.19 m vs RM 34.82m a year ago,boost from CPO. Revenue is RM 852.98 m vs RM 570.32m. EPS is 34.56sen vs 12.56 sen.

Kulim says it is holding back commercial ops for bio-diesel due to uncertainty and difficult business condition. CPO is up RM 32 to RM 3,686 midday.

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