Idaman Unggul (1112) could announce soon (as early as this month) the disposal of its general insurance arm, Tahan Insurance Malaysia and the planned sale of its timber assets. The sale of the timber asset concession could be worth around RM300m, according to a source. (NST)
My 2 cents - could explain the recent surge in volume traded. Should this rumour be true than it would be beneficial to Idaman. Also, technically, the stock is on a new LT uptrend. See Idaman (1112) - new uptrend has begun.
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SS, did you hear about rumours of Landmark getting casino license in Indonesia?
I heard it's almost a done deal and that they are doing a ground breaking ceremony end Oct.
Surewin
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