Stocks to watch: Maybank, OSKVI, LBS Bina, Maxbiz

by **hlk** Wed 04 Jan 2012, 08:38

KUALA LUMPUR (Jan 4): Stocks on Bursa Malaysia could open on a firmer
note on Wednesday as sentiment would be underpinned by firmer external
events.

Though the FBM KLCI closed down 1.12% or 17.19 points to
1,513.54 on Tuesday, weighed by losses at banking and key blue chips,
the broader market was steadier with gainers leading losers by 446 to
325.

Wall Street opened higher as better-than-expected Chinese
and German data boosted optimism about the global economy, according to
Reuters.

Among the stocks which could see trading interest are
MALAYAN BANKING BHD [], OSK VENTURES INTERNATIONAL BHD [] (OSKVI), LBS
Bina Bhd and MAXBIZ CORPORATION BHD [].

Maybank has been given a
further extension until June 1, 2012 to sell down its stake in PT Bank
Internasional Indonesia Tbk (BII).

Maybank had received a
letter, dated Dec 27, from Indonesia's Badan Pengawas Pasar Modal dan
Lembaga Keuangan (Bapepam) where the latter had given it more time to
undertake the corporate exercise. Maybank owns 97.5% of BII which it had
acquired in 2008.

OSK HOLDINGS BHD [] director Ong Leong Huat @
Wong Joo Hwa has been buying shares of OSK Ventures International Bhd.
He bought 930,000 shares on Dec 27 at 31 sen a piece and 600,000 shares
the next day at an average price of 30.1 sen.

The recent acquisitions raised his direct shareholding in OSKVI to 25.86% or 50.62 million shares.

LBS BINA GROUP BHD [] is targeting RM1 billion annual ''property sales
target in the near term as the company focuses on the various segments
of the residential market apart from commercial and industrial
PROPERTIES [].

Managing director Datuk Lim Hock San said LBS was
expected to achieve property sales of RM800 million and RM 950 million
in the financial year ending Dec 2012 and 2013 respectively.

Maxbiz has received a letter of intent (LOI) in respect of a
fibre-to-the-home and fibre-to-the-office (FTTX) contract worth RM510
million.

The company had received the LOI from Fiber-N Sdn Bhd
on Dec 30, 2011 for the infrastructure works for 100,000 FTTX
connections on high rise residential and office buildings in Klang
Valley, Penang and Johor Bahru.

ESTHETICS INTERNATIONAL GROUP []
Bhd's rights issue of 52.80 million new shares and 52.80 million free
detachable warrants were undersubscribed by 28%.