Highlight Nine of 10 Insider Asia's 2015 top picks gain

by **Cals** Tue 06 Jan 2015, 02:00

Highlight
Nine of 10 Insider Asia's 2015 top picks gain

KUALA LUMPUR (Jan 5): Nine out of the ten stocks picked by Insider Asia for 2015 gained in morning trades today, with OKA Corporation Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) leading the rise.
One counter was traded unchanged. Trading volumes were rather thin.
OKA Corporation Bhd rose 4 sen or 5.76% to 73.5 sen with 376,200 units changing hands as at 10.24am.
According to Insider Asia, the largest precast concrete manufacturer in Malaysia stood out for its consistent earnings, low valuations and higher-than-market average yields.
OKA Corp supplies infrastructure projects including the East Coast Highway, mass rapid transit (MRT) and light rail transit (LRT) projects and is also well-positioned to benefit from future projects such as MRT2, LRT3 and the West Coast Expressway.
Willowglen MSC Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) was up 1.5 sen or 2.8% to 73.5sen, with 40,800 shares done.
The Supervisory Control and Data Acquisition (SCADA) system provider, benefitted from government infrastructure spending, and is fundamentally sound.
The Edge Research gave it a fundamental score of 2.55 out of 3. Fundamental scores are based on the strength of a company's balance sheet and profitability, with 3 being the best score.

Another stock Complete Logistic Service Bhd (CLS) was also up 3.45% to 75 sen, with 9,400 units done as of 10.24am.
According to Insider Asia, the logistic service provider would benefit from weak oil prices which would boost its bottom line as fuel is a key cost component for the company.
Sole producer of fruit gummies Cocoaland Holdings Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) rose 1.97% to RM1.55, with 38,500 shares done.
The leader in the fruit gummy market, which accounted for 35% of sales, has a resilient business model.
Asia Pacific’s largest plastic packaging manufacturer Thong Guan Industries ([You must be registered and logged in to see this image.] Financial Dashboard) was up 1.54% to RM1.98 with 34,000 units having changed hand.
The company is expected to benefit from the slump in oil prices which translate into low resin raw material cost, and a weakening ringgit as export accounted for nearly three-quarters of sale in 2013.
SCGM Bhd, manufacturer of disposal plactic trays for food and beverages, electronic and electrical, and medical sectors, was also up 2.2% to RM1.86 with 18,100 units traded.
The company is adding a new plastic cup line that will lift capacity and sales by some 10% next year. The Edge Research gave SCGM a high fundamental score of 3 out of 3 and a valuation score of 2.1 out of 3. Valuation score is a composite measure of historical returns and valuations.
The other four counters gained marginally, below 1%, and included WellCall Holdings Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) (0.65% to TM1.56), Homeritz Corporation Bhd ([You must be registered and logged in to see this image.] Financial Dashboard)(up 0.55% to 91.5sen), Pintaras Jaya Bhd ([You must be registered and logged in to see this image.] Financial Dashboard)(up 0.27% to RM3.74) and Panasonic Manufacturing Malaysia Bhd ([You must be registered and logged in to see this image.] Financial Dashboard)(up 0.11% to RM18.36).