Stocks to watch: DiGi, Oldtown, DBE Gurney, 1 Utopia, HWGB

KUALA LUMPUR (Jan 20): Trading on Bursa Malaysia is expected to taper off in a more cautious mood on Friday, ahead of
the four-day trading break due to the weekend and two days for the Chinese New Year holidays.
Reuters reported European stocks rose on Thursday in brisk volume, as strong demand and falling yields at Spanish and
French debt sales soothed worries over the euro zone debt crisis and triggered sector rotation out of defensives and into
banks.
The euro zone banking index, which plummeted 38% last year, was up nearly 5% on Thursday, with Societe Generale ahead
8% and UniCredit 10.5% better. European banks are major holders of euro zone sovereign debt.
At Bursa Malaysia, among the stocks which could see trading interest included DIGI.COM BHD [], Oldtown Bhd, DBE Gurney
Resources Bhd, 1 Utopia Bhd (formerly TEJARI TECHNOLOGIES BHD []) and HO WAH GENTING BHD [] [] (HWGB).
DiGi.com earnings rose 18.7% to RM394.22 million in the fourth quarter ended Dec 31, 2011 compared with RM332.02
million a year ago, boosted by tax incentives.
Its net profit rose 34.9% to RM394 million mainly due to tax incentives related to mobile broadband network facilities. Its
revenue increased 8.1% to RM1.545 billion from RM1.429 billion, with mobile data revenue exceeding 30% of the group
revenue.
For the financial year ended Dec 31, 2011, its earnings rose 6.5% to RM1.254 billion from RM1.178 billion.
Oldtown’s unit White Cafe Sdn Bhd is investing RM36.65 million in a new factory in Tasek Industrial Estate, Perak to expand
its beverage manufacturing operations. The expansion would enable it to increase the capacity by 500%.
DBE Gurney confirmed that it is in talks with a shareholder of CI Holding Bhd which includes a private placement exercise.
The poultry-based company said it had plans for a private placement to raise funds for its working capital requirement.
1 Utopia posted net losses of RM412,000 in the fourth quarter ended Nov 30, 2011 (4Q11) from a net profit of RM218,000 a
year ago due to higher taxation.
It paid RM942,000 in taxes in 4Q11 compared with only RM103,000 a year ago. ts revenue increased by 33.6% at
RM129.26 million from RM85.83 million.
HWGB proposed a private placement of up to 48.72 million new shares, or 10% of its paid-up, to raise up to RM17.54 million.
Based on an indicative issue price of 36 sen per placement share, the company is expected to raise up to RM17.54 million.
GEFUNG HOLDINGS BHD []’s issuance of 109.09 million rights shares with 21.82 million warrants was undersubscribed by
43.62%.
At the close of acceptance and payment for the rights shares at 15 sen each with warrants on Jan 12, the total acceptances
and excess applications received was about 56.38% of the rights shares with warrants

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