Stocks to watch: IGB, Sunway, Kurnia Asia, Mitrajaya, Favelle Favco

KUALA LUMPUR (Dec 20): Stocks could see cautious trade on Tuesday, amid
worries from the eurozone crisis and uncertainty in the Korean peninsula
following the death of North Korean strongman Kim Jong-il.

The
latest development was North Korea's test firing of a short-range
missile on its eastern coast on Monday, the day its leader Kim Jong-il's
death was announced, South Korean media reported.

Reuters
reported an unnamed South Korean official was quoted by Yonhap news
agency as saying he did not believe the launch was linked to the
announcement of Kim's death.

Meanwhile, China had voiced
confidence in the new leader of its impoverished ally North Korea after
his father died, promising to support Pyongyang as it enters into an
uncertain transition, according to Reuters.

On the home front,
stocks to watch include IGB CORPORATION BHD [], Sunway Bhd, KURNIA ASIA
BHD [], MITRAJAYA HOLDINGS BHD [] and FAVELLE FAVCO BHD [].

IGB
has made a RM277.50 million offer to acquire the remaining 50% stake in
Great Union PROPERTIES [] Sdn Bhd (GUP), which owns the Renaissance
Kuala Lumpur Hotel, from Stapleton Developments Ltd and Chong Kim Weng.

IGB, which currently owns 50% of GUP, would pay RM101.348 million and
also settle the shareholder's advance of RM176.15 million in GUP, for
cash consideration of RM277.50 million.

Sunway Bhd has acquired
the leases of two parcels of land for RM745.3 million with a gross
development value (GDV) of RM12 billion in Medini Iskandar via a joint
venture (JV) with Khazanah Nasional Bhd. The company said the two
parcels of land adjacent to each other totaled 691 acres, adding that
the leases acquired were for a period of 99 years.

Sunway said
the newly acquired land known as Zone F Medini would boost its landbank
by 30% from the previous 2,145 acres, while the proposed development
will increase the company's current GDV to RM 32 billion.

Kurnia
Asia plans to sell its insurance unit, Kurnia Insurans (Malaysia) Bhd
to AmG Insurance Bhd. It had submitted an application to Bank Negara
Malaysia (BNM) for the Minister of Finance's approval under the
Insurance Act 1996.

Mitrajaya has secured a RM21.89 million
project in the herbal and bioTECHNOLOGY [] products clusters in Pasir
Raja, Terengganu. Its unit Pembinaan Mitrajaya Sdn Bhd was awarded the
project by the East Coast Economic Region Development Council (ECERDC)
to build the farm establishment, buildings and infrastructure works at
the clusters.

Favelle Favco's units have secured five separate
purchase orders worth a combined RM72.3 million to supply four offshore
cranes and one tower crane.

Favelle Favco Cranes (M) Sdn Bhd had
received four contracts to supply offshore cranes each to SMOE Pte Ltd,
Technics Offshore Engineering Pte Ltd, China Communications Import
& Export Corporation and China Merchant Heavy Industry (Shenzhen)
Co. Ltd respectively.

YTL CORPORATION BHD [] has extended a
voluntary share exchange offer to the holders of YTL CEMENT BHD []
shares and its loan stocks to maximise the value of their investments.

The offer was RM4.50 for each YTL Cement share, or 3.17 shares of 10
sen each in YTL Corp for every one ordinary share of 50 sen each held in
YTL Cement.

For the irredeemable convertible unsecured loan
stocks (ICULS) holders, the offer was RM2.21 for every RM1 in ICULS
held, or 1.56 YTL Corp shares for each ICULS.

hlk, X'mas you hee liao mor?

sun wrote:hlk, X'mas you hee liao mor?

mor bor, nyen mui liao ang tor kun hor chor ng tet chel ... [You must be registered and logged in to see this image.]

hlk wrote:

sun wrote:hlk, X'mas you hee liao mor?

mor bor, nyen mui liao ang tor kun hor chor ng tet chel ... [You must be registered and logged in to see this image.]

wah! ang tor kung chor, haiz.... you sms maxims pong siu kao tiam ki

sun wrote:

hlk wrote:

sun wrote:hlk, X'mas you hee liao mor?

mor bor, nyen mui liao ang tor kun hor chor ng tet chel ... [You must be registered and logged in to see this image.]

wah! ang tor kung chor, haiz.... you sms maxims pong siu kao tiam ki [You must be registered and logged in to see this image.]

sifu ng han chon lui, lai viu jiu han sms liao tent har pun ki mar si [You must be registered and logged in to see this image.]

hlk wrote:

sun wrote:

hlk wrote:

sun wrote:hlk, X'mas you hee liao mor?

mor bor, nyen mui liao ang tor kun hor chor ng tet chel ... [You must be registered and logged in to see this image.]

wah! ang tor kung chor, haiz.... you sms maxims pong siu kao tiam ki [You must be registered and logged in to see this image.]

sifu ng han chon lui, lai viu jiu han sms liao tent har pun ki mar si [You must be registered and logged in to see this image.]