Stock SGX Singapore Updates

Singapore's Ezion wins contract worth up to $118 mlnEzion Holdings Limited is pleased to announce that it has secured a charter contract with a value of up to USD 118 million over a 3 year period to provide a service rig to be used by a European based multinational oil company to support its oil & gas activities in offshore Myanmar. The Service Rig is expected to be deployed and working in the field of Yadana before the end of 2012 after its refurbishment and upgrading.

Ezion Holdings Limited is pleased to announce that it has secured a charter contract with a value of up to USD 118 million over a 3 year period to provide a service rig to be used by a European based multinational oil company to support its oil & gas activities in offshore Myanmar. The Service Rig is expected to be deployed and working in the field of Yadana before the end of 2012 after its refurbishment and upgrading.

Malaysia Stock Updates
With the corporate results season for the October-December in full swing until Feb 29, they will provide the leads for investors.
So far the banks and plantations have been reporting firm set of earnings, based on the recent results, though there had been some writebacks. Among the stocks to watch are Alliance Financial Group Bhd (AFG), Malayan Banking Bhd, Tradewinds Plantations Bhd and TH Plantations Bhd.

Also in focus could be QL Resources Bhd, KrisAssets Holdings Bhd, Malaysia Marine and Heavy Engineering Holdings Bhd (MMHE), Malaysia Airports Holdings Bhd (MAHB), Tebrau Teguh Bhd and Eng Teknologi Holdings Bhd.
AFG posted net profit of RM121.29 million in the third quarter ended Dec 31, 2011, up 9% from the RM111.26 million, underpinned by growth in interest income due to the expansion in loans.

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