Landmarks & Bintan Casino

Landmarks down 0.5% at MYR1.94 in thin volume but could rebound firmly in coming days; CEO and COO Lim Boon Soon says at AGM, masterplan for Bintan project in Indonesia expected to be completed by 4Q07. Project expected to contribute positively to Landmark's revenue from 2008. Last month, Landmarks bought 64.5% stake in Bintan Treasure Bay which owns 342 hectare leasehold land in Bintan. Lim declined to disclose any details on the planned development but talk rife company plans resort development with possibility of including a casino. Stock faces resistance at MYR2 (100-day moving average), then MYR2.20 (30-day moving average). Should find support at MYR1.94 (recent lows).