SYSCORP (5173) SHIN YANG SHIPPING CORP BHD - NEXT SARAWAK BASED COMAPANY IN THE LIMELIGHT
Do you notice that Sarawak-based companies are making a good run recently?
Sarawak-based companies like CMSB,ZECON and SEALINK (The counter that we cover yesterday) are having a great surge lately. We believe this is because of the SARAWAK state election "SOON" as per article below create the buying interest on this.
For a starter, Shin Yang Shipping Corporation Berhad is engaged in :
(1) Construction, shipping, real estate, plantations, quarrying, and other small business activities in Malaysia and internationally.
(2) The company is also involved in shipbuilding, ship repairing, marine engineering, ship structures, ship conversion, engineering and offshore structure fabrication, and domestic and international shipping; property development, building construction, and civil engineering works, such as roads, bridges, and marine structures construction work.
1. MORE ECONOMY SECTOR IS OPEN NOW, RELATED SERVICES LIKE SHIP CHARTERING ACTIVITIES SHOULD BE PICKING UP
We believe with more economy sector is open now, those logistic and ship chartering activities will be picking up. That is one of the reason SEALINK have a good run yesterday.
Please be reminded again that SYSCORP and SEALINK is in a same sector with a same sarawak based company.