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Rumours - Buy HWGB

posted 23 Jan 2011, 16:40 by Zam Mlk

HO WAH Genting Bhd (9601) plans to start its tin ore mining operations in Perak immediately after the Chinese New Year, said its chief executive officer and managing director William Teo Tiew.

"We plan to start operations sometime in February and we expect earnings from the mining operations to be realised in the current financial year," Teo told Business Times in an interview at his office in Kuala Lumpur last Friday.

Potential earnings from the mining operations should bode well for Ho Wah, which is on track to post its highest profit in nine years.

Read more: Ho Wah delves into tin mining