Cables.... everyone needs them.

Well, we've been watching leader moving up quite significantly since we last talk about it...having hit a high of $1.38 about 2 weeks ago and then succumbed to profit takings activities as the CI retreats from it's attempt to break 1400...

being the largest cable and wire supplier in the country definitely has the advantage to capitalize from the recently announced projects like NCER and the IDR. Being the main supplier for TNB also 'quarantees' a significant portion of it's income flow. With the current direction from the Ministry of Energy, Water and Communication to require TNB to change it's distribution network and perform a revamp to its existingly old cables and wire to prevent power outage complaints from increasing. There's no reason why TNB would reject such directives as the company has been reporting rising profit Q-on-Q.... :)

Again, with Penang being the target to be developed into a infrastructure hub and particularly on the 18bil dollar project to develop the a land size of ~255 acre which will have hotels, commercial and residential properties.. how much can leader reap from all these...?

Plenty....and alot more to come in the future to strengthen the income flow of this company.

I would recommend a buy on this counter based on current situation with a 12-months TP of $2.13.