Bio Osmo Bhd
The water processing company recently posted a net loss of RM29.88 million for the financial year ended June 30, 2009, versus a net profit of RM10.27 million a year ago. Revenue was RM5.64 million, with more than 50% of the top line coming from Singapore. Volume jumped 43% last Friday, with 4.59 million shares traded at 23 to 25.5 sen. Recent changes to Bio Osmo’s boardroom raised some eyebrows. Among the key people who resigned in August were chairman Chong Kim Chan, managing director Leong Choon Meng and executive director Mustafa Ibrahim. The company did not reveal the reasons for the resignations.

Kumpulan Fima Bhd
Volume jumped 271% last Friday, with 6.28 million shares changing hands at 76 to 80 sen each. The counter rose 6% w-o-w to 76.5 sen from 72.5 sen. There has not been that many corporate announcements from Fima of late. However, its plantation unit should benefit from the improving crude palm oil prices. Last week, Malaysian CPO futures rose 3.8%.

CIMB Group Holdings Bhd
Volume jumped 57% to 11.96 million last Thursday from 7.62 million on Wednesday. The counter rose 7% w-o-w to end at RM10.94 last Friday, from RM10.22 per share. CIMB is expected to benefit from a recovery in consumer banking as well as its presence in the Indonesian banking industry, where it owns PT Bank CIMB Niaga. Credit Suisse Group advised investors to buy CIMB shares, saying the bank is “on a roll as it dominates the share of capital raisings domestically and increasingly, regionally”.

This article appeared in Capital page of The Edge Malaysia, Issue 772, Sep 14-20, 2009