FBMKLCI 1503.89 DJ+83.93 CRUDE OIL 104.11 RM 3.011

The Edge FinancialDaily reported in February that CMSB surged 34% in three months leading to the dissolution of the state assembly on April 28, 2006. The report, quoting Maybank Investment Bank Research, highlighted that Naim advanced 13% while Ta Ann Holdings Bhd rose 18% during the same period. Zecon Bhd gained 10% while Encorp Bhd rose a staggering 67%.

Hock Seng Lee Bhd (HSL), meanwhile, climbed over two months to its 52-week high of 69.5 sen on March 17, 2006 — a significant increase from its 52-week low of 51.9 sen on Jan 25, 2006.
Naim has been profitable over the last three years while CMSB is viewed to be at the forefront of Sarawak’s business landscape.

Naim has been profitable over the last three years while CMSB is viewed to be at the forefront of Sarawak’s business landscape.

Another major catalyst for the Sarawak-based counters is the Sarawak Corridor of Renewable Energy (SCORE) and the favourites being CMSB, Naim, HSL, KKB ENGINEERING BHD [], Dayang and Leader Universal Bhd.

Some of the high-profile projects planned under SCORE include an aluminium smelter expected to cost between RM7 billion and RM10 billion, Tatau pulp and paper factory (RM3 billion) and a zinc electro refinery (RM1.3 billion).