#Hot Stocks* YTL, IJM, Gamuda, MMC stir after KL-Sing rail news

KUALA LUMPUR (Feb 20): YTL Corporation Bhd, IJM Corporation Bhd, Gamuda Bhd and MMC Corporation Bhd stirred in early trades following the news that Malaysia and Singapore have agreed to build a high-speed rail (HSR) linking the city-state and Kuala Lumpur.

The travelling time will be about 90 minutes and the project, which could cost more than RM30 billion, is expected to be completed by 2020.

Both governments have also agreed to proceed with Phase 2 of the Rapid Transit System (RTS) feasibility studies to link Johor Bahru and Singapore. The project, if implemented, is expected to be completed by 2018.

At about 10.30 am today, YTL Corporation Bhd rose 4 sen or 2.5% to RM1.62 with trades of 4.75 million shares. IJM Corp added 9 sen or 1.8% to RM5.04 on 391,900 shares.

Gamuda climbed 1 sen to RM3.69 on 1.28 million shares while MMC edged up 2 sen to RM2.29 on 30,500 shares.

YTL, which has emerged to be the 10th most actively traded stock, was the first company to come out with the proposal on Singapore-KL link. It was responsible for the construction of the express rail link between KL Sentral and KLIA airport.

In a research note this morning, Hong Leong Investment Bank said:

“Both the rail projects are positive sentiment for the construction sector as it indicates potential order book replenishment opportunities for the construction players.

“We believe that the HSR, which spans more than 300km with speed of over 250km/hr, may cost about RM30 billion. Since this is a G2G project, we believe that both Malaysian and Singapore construction companies will be involved.”

It added that the potential Malaysian firms with rail-related track record that may benefit from these projects are YTL, IJM (target price: RM5.30), MMC and Gamuda (TP:RM4.28).

--

Get stories like this on the Yahoo app and discover more every day.
Download it now.
Loading...
  • How to put a number to “uncertainty” – and what it means for markets
    How to put a number to “uncertainty” – and what it means for markets Truewealth Publishing - 54 minutes ago

    Markets hate uncertainty. But lots of uncertainty – as there is now – doesn’t mean that markets won’t go up. Uncertainty is more subjective than (say) volatility, or stock market valuations, or the price performance of assets. To most people, … More »

  • Japan January industrial output falls 0.8 percent month/month - government
    Japan January industrial output falls 0.8 percent month/month - government Reuters - 54 minutes ago

    TOKYO (Reuters) - Japan's industrial output unexpectedly fell 0.8 percent in January, posting the first decline in six months, government data showed on Tuesday. The month-on-month fall compared with a ... … More »

  • PHI Inc. reports 4Q loss Associated Press - 55 minutes ago

    The Lafayette, Louisiana-based company said it had a loss of $1.08 per share. The helicopter transportation company serving the oil and gas industry posted revenue of $144.9 million in the period. For ... … More »

  • Ensco beats 4Q profit forecasts Associated Press - 1 hour 6 minutes ago

    On a per-share basis, the London-based company said it had profit of 13 cents. Earnings, adjusted to account for discontinued operations and non-recurring gains, came to 9 cents per share. The results ... … More »

  • BWX beats 4Q profit forecasts Associated Press - 1 hour 20 minutes ago

    On a per-share basis, the Lynchburg, Virginia-based company said it had net income of 34 cents. Earnings, adjusted for non-recurring costs and restructuring costs, came to 46 cents per share. The results ... … More »

  • AppFolio reports 4Q loss Associated Press - 1 hour 21 minutes ago

    On a per-share basis, the Santa Barbara, California-based company said it had a loss of 4 cents. Earnings, adjusted for stock option expense, were less than 1 cent on a per-share basis. The property management ... … More »

  • Elio’s tiny car gets 84 mpg and costs only $7,300 — here’s what it was like
    Elio’s tiny car gets 84 mpg and costs only $7,300 — here’s what it was like Business Insider - 1 hour 23 minutes ago

    Hollis Johnson Elio Motors has one of the … Continued The post Elio’s tiny car gets 84 mpg and costs only $7,300 — here’s what it was like appeared first on Business Insider. … More »

  • Sun Hydraulics posts 4Q profit Associated Press - 1 hour 39 minutes ago

    The Sarasota, Florida-based company said it had net income of 12 cents per share. The maker of screw-in hydraulic cartridge valves and manifolds posted revenue of $49.9 million in the period. For the year, ... … More »

  • Medpace tops Street 4Q forecasts Associated Press - 1 hour 42 minutes ago

    On a per-share basis, the Cincinnati-based company said it had a loss of less than 1 cent. Earnings, adjusted for one-time gains and costs, were 35 cents per share. The results topped Wall Street expectations. ... … More »

  • Theravance Bio reports 4Q loss Associated Press - 1 hour 50 minutes ago

    The George Town Grand Cayman, Cayman Islands-based company said it had a loss of $1.36 per share. The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks ... … More »

  • Integer beats Street 4Q forecasts Associated Press - 2 hours 0 minutes ago

    On a per-share basis, the Frisco, Texas-based company said it had net income of 25 cents. Earnings, adjusted for non-recurring costs and amortization costs, came to 87 cents per share. The results surpassed ... … More »

  • Kona Grill reports 4Q loss Associated Press - 2 hours 12 minutes ago

    The Scottsdale, Arizona-based company said it had a loss of $1.58 per share. Losses, adjusted for asset impairment costs, came to 39 cents per share. The results did not meet Wall Street expectations. ... … More »

  • Stocks drift awaiting Trump tax plan details
    Stocks drift awaiting Trump tax plan details AFP News - 2 hours 12 minutes ago

    Wall Street and the major European indices drifted higher on Monday in advance of a major address by President Donald Trump, as investors in New York sent the Dow to a fresh record. The blue-chip Dow Jones Industrial Average crept up to close at a … More »

  • Business Highlights Associated Press - 2 hours 18 minutes ago

    ___ New highs for US stocks; Dow win streak longest since 1987 Wall Street notched another set of milestones as the Dow Jones industrial average closed at a record high for the 12th consecutive time, the ... … More »

  • Britain urges Malaysia to share evidence on Kim VX attack
    Britain urges Malaysia to share evidence on Kim VX attack AFP News - 2 hours 23 minutes ago

    Britain on Monday urged Malaysia to share evidence from the lethal VX nerve gas attack on Kim Jong-Un's half-brother with the United Nations, which could take action against North Korea. British Ambassador Matthew Rycroft said information on the … More »

  • Watchdog agency warns of costly student loan data errors Associated Press - 2 hours 24 minutes ago

    The Consumer Financial Protection Bureau on Monday issued a warning to consumers to pay close attention to their personal information on record with student loan servicers as errors are popping up that ... … More »

  • Nutrisystem beats Street 4Q forecasts Associated Press - 2 hours 26 minutes ago

    On a per-share basis, the Fort Washington, Pennsylvania-based company said it had net income of 29 cents. The results topped Wall Street expectations. The average estimate of four analysts surveyed by ... … More »

  • Gaiam reports 4Q loss Associated Press - 2 hours 30 minutes ago

    The Louisville, Colorado-based company said it had a loss of 22 cents per share. Losses, adjusted to account for discontinued operations, came to 23 cents per share. The lifestyle media company posted ... … More »

  • Here’s the advice Bill Gates would give to his 19-year-old self
    Here’s the advice Bill Gates would give to his 19-year-old self Business Insider - 2 hours 30 minutes ago

    Kevork Djansezian/Getty Images Bill Gates would tell his … Continued The post Here’s the advice Bill Gates would give to his 19-year-old self appeared first on Business Insider. … More »

  • Essendant reports 4Q loss Associated Press - 2 hours 39 minutes ago

    On a per-share basis, the Deerfield, Illinois-based company said it had a loss of 6 cents. Losses, adjusted for non-recurring costs, came to 2 cents per share. The workplace supplies distributor posted ... … More »

  • ICF misses Street 4Q forecasts Associated Press - 2 hours 42 minutes ago

    The Fairfax, Virginia-based company said it had profit of 65 cents per share. Earnings, adjusted for one-time gains and costs, came to 76 cents per share. The results missed Wall Street expectations. The ... … More »

  • Nelnet posts 4Q profit Associated Press - 2 hours 44 minutes ago

    On a per-share basis, the Lincoln, Nebraska-based company said it had net income of $2.32. Earnings, adjusted for non-recurring gains, were $1.05 per share. The education services company posted revenue ... … More »

  • ServiceNow appoints former eBay executive as CEO Reuters - 2 hours 46 minutes ago

    ServiceNow Inc (NOW.N) said it had hired former eBay Inc (EBAY.O) executive John Donahoe to be chief executive, replacing longtime CEO Frank Slootman starting in April, a surprise move that sent shares of the enterprise software lower on Monday. … More »

  • How major US stock market indexes fared on Monday Associated Press - 2 hours 46 minutes ago

    U.S. stocks closed slightly higher Monday, nudging the Dow Jones industrial average to a record high for the 12th consecutive time. The Standard & Poor's 500 index also closed at an all-time high. The ... … More »

  • New highs for US stocks; Dow win streak longest since 1987
    New highs for US stocks; Dow win streak longest since 1987 Associated Press - 2 hours 48 minutes ago

    Wall Street notched another set of milestones Monday as the Dow Jones industrial average closed at a record high for the 12th consecutive time, the longest winning streak for the 30-company average in ... … More »

 
Recent Quotes
Symbol Price Change % Chg 
Your most recently viewed tickers will automatically show up here if you type a ticker in the "Enter symbol/company" at the bottom of this module.
You need to enable your browser cookies to view your most recent quotes.
 
Sign-in to view quotes in your portfolios.

MARKET MOVERS

    Market Data

    • Currencies
      Currencies
      NamePriceChange% Chg
      1.4057+0.0016+0.11%
      USDSGD=X
      1.4868+0.0005+0.03%
      EURSGD=X
      1.7463+0.0003+0.02%
      GBPSGD=X
      80.0650-0.158-0.20%
      SGDJPY=X
      5.5176-0.0079-0.14%
      SGDHKD=X
      3.1591-0.0019-0.06%
      SGDMYR=X
      9,504.5137+0.4902+0.01%
      SGDIDR=X
      4.8857-0.0046-0.09%
      SGDCNY=X
      1.0782+0.0007+0.06%
      AUDSGD=X
    • Commodities
      Commodities
      NamePriceChange% Chg
      1,252.80-6.00-0.48%
      GCJ17.CMX
      18.33-0.09-0.47%
      SIK17.CMX
      84.47-4.15-4.69%
      ^XAU
      2.690.00-0.15%
      HGK17.CMX
      54.13+0.08+0.15%
      CLJ17.NYM
    • Bonds
      Bonds
      TreasuryYield (%)Yield Change
      1.87+0.07
      ^FVX
      2.37+0.05
      ^TNX
      2.99+0.03
      ^TYX