Kencana: Sources say it is in talks to acquire more than 130 acres beside its fabrication yard in Lumut, Perak. It is understood that Kencana is close to sealing the deal, which could see the company substantially increase its yard space to enable it to take on larger jobs. It is still unclear which parties Kencana is in negotiations with, but among its neighbors is Lumut Maritime Terminal Sdn Bhd which is 50% plus one share controlled by Perak government.

As at end July 31, 2011 it had rm827 million cash including a remaining rm288 million from a private placement carried out in 2010.

Kencana's move to expand its yard is likely caused by competition in increasing yard space in the industry.

JCY: Its impressive chalk up its impressive gains could be due to the stock being oversold since its IPO in 2010. It was also due to the floods in Thailand that had shut down many HDD component making factories in the country's industrial zone, including those owned by Western Digital, reducing production and potentially pushing HDD prices up. For a long time, HDD components makers have been squeezed by low prices due to ample production and the argument if the expansion of solid state drive memory chips, which are smaller and mostly used in smart phones and tab computers.

Its 3QFY2011 results ended June 30 posted a net loss of rm16.1 million. The poor results were due to lower selling prices, decline in shipments and the depreciating US dollar against the ringgit.

Kurnia: It is still in talks with integrated parties regarding a possible M&As following news in Sept 2011 that it was looking to selling its insurance arm. There are negotiations going on. BNM had no objection in principles for KAB to commence preliminary negotiations with the interested parties.
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