Malaysian Merchant Marine (5125.KU) +17.2% at 34 sen in active trade on improved earnings outlook, traders say; tip stock to test 44 sen (200-day Moving Average) in medium term. "The company reported a net profit of MYR477,000 for FY08 vs loss of MYR22.7 million in FY07. Some investors are buying the stock on expectation that MMM will show stronger earnings in the current year given buoyant demand for vessels in the oil and gas industry," says one. MMM reported earnings Monday
Friday, May 2, 2008
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