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 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 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 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 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 (0.65% to TM1.56), Homeritz Corporation Bhd(up 0.55% to 91.5sen), Pintaras Jaya Bhd(up 0.27% to RM3.74) and Panasonic Manufacturing Malaysia Bhd(up 0.11% to RM18.36).