Investors’ sentiment in the week ahead, starting Monday, April 18 would partly hinge on the outcome of the Sarawak state elections due late Saturday, April 16.
Sarawak-based companies had run up ahead of the dissolution of the state assembly in late March before easing off.Since then, market sentiment had been generallyl cautious on political concerns about the Sarawak polls, which are the most hotly contested in recent years.
Meanwhile, Bernama reported that as at midday on Saturday, a total of 233,134 voters or 21.72% of the electorate in Sarawak have voted in the state polls, according the Election Commission. There were no untoward incidents.
At Bursa, over the past week, the 30-stock FBM KLCI had lost 22.06 points or 1.42% to end at 1,521.94 while RM14.83 billion had been erased from the market capitalisation, which mirrored the declines also in key regional markets. External concerns include the European debt crisis, sustained high oil prices and worries about the Japan's ability to recover from the earthquake which impacted its manufacturing sector.
Among the stocks which would be in focus include CAHYA MATA SARAWAK BHD [] (CMSB), NAIM HOLDINGS BHD [], TA ANN HOLDINGS BHD [], ZECON BHD [], ENCORP BHD [] and HOCK SENG LEE BHD [] (HSL).
Stocks with recent corporate developments are PROTON HOLDINGS BHD [], PRESS METAL BHD [], KUB MALAYSIA BHD [] and Malaysia Steel Works (KL) Bhd.
The Edge weekly reports that FUTUTECH BHD [], which was a loss-making, former associate company of Eastern & Oriental Bhd, was poised to transform itself into a CONSTRUCTION [] firm. It had been awarded RM332.4 million worth of design, road and construction works by E&O Property Development Sdn Bhd.
Proton’s unit Lotus Cars Ltd secured £270m million (RM1.33 billion) in loans from six financial institutions over a six-year period to turn around the loss-making company.
Proton group managing director Datuk Seri Syed Zainal Abidin Syed Mohamed Tahir said he expected Lotus to break even by 2014.
Press Metal proposed a rights issue to raise between RM316.7 million and RM323.7 million to finance the Samalaju aluminium smelting project in Sarawak.
The rights issue involved RM323.73 million nominal value of redeemable convertible secured loan stocks (RCSLS) at 100% of its nominal value with up to 147.15 million warrants.
Johor Menteri Besar Datuk Abdul Ghani Othman has approved the proposed RM1.23 billion intra-city commuter train service in Iskandar Malaysia which would involve a100km rail network.
The project would be undertaken by Metropolitan Commuter Network Sdn Bhd - a joint venture between KUB Malaysia Bhd and Malaysia Steel Works (KL) Bhd.
SUCCESS TRANSFORMER CORP BHD [] has proposed to distribute 100 treasury shares for every 4,000 shares of 50 sen held for the financial year ending Dec 31, 2011. It also announced a tax exempt interim dividend of 2pct for FY ending 2011.
FAR EAST HOLDINGS BHD [] is recommending a final single tier dividend of 20 sen for the financial year ended Dec 31, 2010
2011年4月13日星期三
Khazanah says decision made on buyer for its 32% stake in Pos Malaysia
Khazanah Nasional Bhd, the government's investment arm, has decided on the potential buyer for its 32.21 per cent stake in postal service provider, POS MALAYSIA BHD [].
"We already have a winner in mind," said Khazanah managing director Tan Sri Azman Mokhtar on Wednesday, April 13, adding that there were 50 potential buyers.
However, he declined to narrow the identity of the "winner" but said the names would be submitted to the board later this month.
Among the criteria set for the bidders are ability to provide good premium and unlock Pos Malaysia's values, he told reporters on the sidelines of Invest Malaysia 2011.
News reports and research houses had suggested that the three shortlisted bidders were DRB-HICOM BHD [], NATIONWIDE EXPRESS COURIER SER []vices and a Amanah REIT-Malaysia Pacific Corp joint venture, with offers ranging between RM3.38 and RM4.62 per share. The other two bidders were Scomi Bhd and TRICUBES BHD [].
Asked on the impact of the new Postal Bill, which has yet to be tabled in Parliament, on the deal, Azman said various issues have been factored in, including consultation with industry players.
"Hence, the Bill is not expected to be entirely a surprise," he said.
The Bill is expected to touch on crucial issues in Pos Malaysia, including the government's golden share and rights over some of the real estate owned by Pos Malaysia. – Bernama
Written by Bernama
"We already have a winner in mind," said Khazanah managing director Tan Sri Azman Mokhtar on Wednesday, April 13, adding that there were 50 potential buyers.
However, he declined to narrow the identity of the "winner" but said the names would be submitted to the board later this month.
Among the criteria set for the bidders are ability to provide good premium and unlock Pos Malaysia's values, he told reporters on the sidelines of Invest Malaysia 2011.
News reports and research houses had suggested that the three shortlisted bidders were DRB-HICOM BHD [], NATIONWIDE EXPRESS COURIER SER []vices and a Amanah REIT-Malaysia Pacific Corp joint venture, with offers ranging between RM3.38 and RM4.62 per share. The other two bidders were Scomi Bhd and TRICUBES BHD [].
Asked on the impact of the new Postal Bill, which has yet to be tabled in Parliament, on the deal, Azman said various issues have been factored in, including consultation with industry players.
"Hence, the Bill is not expected to be entirely a surprise," he said.
The Bill is expected to touch on crucial issues in Pos Malaysia, including the government's golden share and rights over some of the real estate owned by Pos Malaysia. – Bernama
Written by Bernama
2011年4月12日星期二
2011年投资大马大会
■ 首相拿督斯里纳吉。
他透露，这项计划的限定要求和资格水平已获修整，以更能迎合经济转型执行方案的需求。
“我们推介即时生效且经调整的奖掖配套，人才机构会提供更多详情，但其中包括过渡期个人所得税奖掖，回流的专才可在5年享受一律的15%个人所得税率。”
他说，在专才回流计划的现有财政奖掖下，原本两辆的免税车，如今只限于本地组装的汽车。
“我希望，这些改变能鼓励更多在海外工作的大马人，把广泛的经济和专业知识带回国内，在国家的经济转型计划扮演要角。”纳吉说，去年12月1日宣布吸引及保留海外专才的专才居留证（Resident Pass），已从4月起接受申请。
“内政部也从4月1日起落实就业居留证（Employment Pass）的一系列改善条款，包括允许长达5年的限期。”
售32.3%大马邮政股权 大会没公布得主
大马邮政（POS，4634，主要板贸易）的32.2%股权得主出乎市场意料之外未在大会公布，惟售股计划已在最后阶段。
首相拿督斯里纳吉是在去年的投资大马大会宣布，将售出大马邮政32.3%股权给策略投资者，市场之前预计今天得知花落谁家。
但纳吉今天指出，相关评估已完成，国库控股董事局很快获得最后建议，并乐见竞投过程以透明的方式展开。
“此外，我国政联企业发展进度良好，20大政企在上个财年录得强劲盈利表现，达173亿令吉，较2009年增长50%。”
他补充，20大政企也在2004年到2010年的政企重组计划期间，取得16.4%的总股东回酬，显著超越大马交易所的平均表现。
另一方面，配合新经济模式列明的宏愿，国库控股和其他政联投资机构将逐步脱售非核心及欠竞争力资产，包括26片政府地。
纳吉透露，目前已售出有4块政府地，预计收入超过10亿令吉收入。
他指出，至少10家公司已被指定脱售非核心及欠竞争力资产，预计年底可完成出售程序。
未来10年创造逾22万就业机会
经济转型执行方案推介以来，迄今接获950亿令吉的投资总额，能在未来10年创造近22万5000个就业机会。
纳吉指出，自去年10月以来已推出60项计划和倡议，涵盖46项启动计划（EPP）。
“其中30项已在进行中，4项已完成，另26项也正展开。”他说，我国因为上述计划迎来950亿令吉的投资总额，但并非只是政府在投资，私人领域也在投资。
“国内消费持续成长，像零售上扬8%、汽车销量增长13%，房地产交易更激增33%到近1000亿令吉。”
他说，流入我国的外资也从17亿美元（约51.4亿令吉），高涨超过4倍到去年的70亿美元（约211.4亿令吉）。
“政府转型计划的成效也很大，政府采购网站（My Procurement）提供成功投得3500项政府合约的公司详情，藉此更容易鉴定和避免贪污。”
年底设私人退休基金
在新的私人退休基金架构下，证监会允许设立的私人退休基金计划可在年底准备就绪。
纳吉认为，此举能为管理长期储蓄的计划提供更大变化。
“在此情况下，透过拓展法律架构的范围以聚集投资，如今基金经理有能力直接投资。”
他透露，政府也会致力吸引一些专门的基金经理，为投资策略提倡更大的多元化，增强国家储蓄和经济成长之间的联系。
政府在2011年财政预算案宣布设立私人退休基金，是提倡退休金架构多元化支柱的第三个支柱，让拥有充足资金的公众，在公积金以外还有额外长期存款的选择，增强退休后的收入。
第二资金市场大蓝图 2020年提高到4.5兆令吉
首相周二亲自揭盅为期10年的第二资金市场大蓝图，放眼决定未来发展方向和策略的计划，能把我国资金市场目前约2兆令吉的规模，在2020年扩大到4.5兆（或4万5千亿）令吉。
纳吉说，这甚至可透过更可观的国际化，把市场规模提高到5.8兆令吉。
他透露，马股上市公司数量比任何一个东协国家来得多，国内债券市场占国内生产总值的规模也是亚洲第三大，回教资金市场更是引领全球。
他强调，第二资金市场大蓝图其中的首要任务，是要强化资金市场角色，提倡草创时期的资金形成，到融资创意企业、大型计划和先进绿色科技发展。
“我们将透过正式的管制监督和提供特定奖掖和支持，拨出更多资金给创投基金和私募基金领域。”
他说，为了促进大规模交易，涉足债券市场的方法也会扩大、增强投资者对广泛系列债券产品和信贷风险的胃口、提高投资管理领域参与度和散户在固定收入投资的参与，并强化市场基本建设。
纳吉说，我国高额储蓄料能推动投资管理领域的成长，管理的资产规模预计从去年的3774亿令吉，大幅上涨3倍到2020年的1.6兆令吉。
“作为对国内投资管理领域的信心反映，单位信托领域的渗透率料从去年18%，提高到2020年的34%。”
他指出，为了提高把本地储蓄再循环到融资经济发展的仲介效率，政府也会检讨机构投资策略的影响，确保政联投资机构基金的运用达致最高效益。
from.:kwongwah.com.my
2011年4月11日星期一
第三季净利虽增长 大马投资银行评价分歧
尽管大马投资银行（AMMB，1015，主板金融股）现财年第三季的净利有所增长，不过，各证券行的评价却很不一致。
马银行投资银行就如此形容大马投资银行在现财年第三季的业绩：大都在我们以及市场的预测之内。
不过，整体而言，却缺乏鼓舞的因素在内。
大马投资银行截至2010年12月31日的本财年第三季，取得3亿2531万1000令吉净利，比上财年同期的2亿6847万4000令吉，增加了21.2%。
该公司本财年首9个月累积净利报10亿2646万6000令吉，相比上财年同期的7亿6686万9000令吉，增加了33.85%。
马银行投资银行分析员在报告中指出，营运盈利按季减低了6%，主要是因为利率降低以及非利息收入部分减少。
周息率落后同行
分析员假设，若是国行调升法定储备金100个基点以及提升隔夜利率50个基点，相信会对银行在2012年的盈利带来2.2%至4.3%的正面效应，并且将会提升利息赚幅4至9个基点，然而，大马投资银行则是个例外。
分析员预测，大马投资银行在这样的趋势下，该银行在2013财年的净盈利反而会萎缩2.6%，主要是因为其较高比例的定期存款以及融资组合内的低成本存款比例较低。
基于这些因素，马银行投资银行认为，大马投资银行很难超越其他银行股的表现，尤其是在现有利息增高的环境下。
再说，该银行的资产组合也不见得比较出色。
此外，该银行在周息率方面，也落后其他银行股，其周息率只有2.7%；相比之下，银行股普遍上的周息率为3.8%。
看好未来表现
马兴业金融投资银行却看好大马投资银行接下来的表现，并将评级维持在“买入”。
分析员指出，大马投资银行的客户存款成长率达14.2%，主要是产品提升方面的功劳。这些新存款产品包括薪资系统、现金管理以及转账服务等。
非利息收入进步
此外，马兴业金融也认为，该公司在资产素质方面也有所提升。该公司在第三季的总减值贷款和亏损准备金，已分别改善至3.4%和37.4%；相比之下，第二季只有3.6%和95.5%。
马兴业金融有信心，大马投资银行可以在2011财年通过增加收入来源，达到13%的投资股票回酬率。该公司确实在非利息收入、保险业务以及资产素质方面有所进步。
拉昔胡申也认同，以大马投资银行这一次的表现，未来还有攀升的空间，再加上该股至今的表现仍然落后大市，偏低的估值再次成为吸引投资者的焦点。
分析员更因而将该公司的目标价格，从7.26令吉调升至7.42令吉，并将评级升级为“超越大市”。
南洋商报
马银行投资银行就如此形容大马投资银行在现财年第三季的业绩：大都在我们以及市场的预测之内。
不过，整体而言，却缺乏鼓舞的因素在内。
大马投资银行截至2010年12月31日的本财年第三季，取得3亿2531万1000令吉净利，比上财年同期的2亿6847万4000令吉，增加了21.2%。
该公司本财年首9个月累积净利报10亿2646万6000令吉，相比上财年同期的7亿6686万9000令吉，增加了33.85%。
马银行投资银行分析员在报告中指出，营运盈利按季减低了6%，主要是因为利率降低以及非利息收入部分减少。
周息率落后同行
分析员假设，若是国行调升法定储备金100个基点以及提升隔夜利率50个基点，相信会对银行在2012年的盈利带来2.2%至4.3%的正面效应，并且将会提升利息赚幅4至9个基点，然而，大马投资银行则是个例外。
分析员预测，大马投资银行在这样的趋势下，该银行在2013财年的净盈利反而会萎缩2.6%，主要是因为其较高比例的定期存款以及融资组合内的低成本存款比例较低。
基于这些因素，马银行投资银行认为，大马投资银行很难超越其他银行股的表现，尤其是在现有利息增高的环境下。
再说，该银行的资产组合也不见得比较出色。
此外，该银行在周息率方面，也落后其他银行股，其周息率只有2.7%；相比之下，银行股普遍上的周息率为3.8%。
看好未来表现
马兴业金融投资银行却看好大马投资银行接下来的表现，并将评级维持在“买入”。
分析员指出，大马投资银行的客户存款成长率达14.2%，主要是产品提升方面的功劳。这些新存款产品包括薪资系统、现金管理以及转账服务等。
非利息收入进步
此外，马兴业金融也认为，该公司在资产素质方面也有所提升。该公司在第三季的总减值贷款和亏损准备金，已分别改善至3.4%和37.4%；相比之下，第二季只有3.6%和95.5%。
马兴业金融有信心，大马投资银行可以在2011财年通过增加收入来源，达到13%的投资股票回酬率。该公司确实在非利息收入、保险业务以及资产素质方面有所进步。
拉昔胡申也认同，以大马投资银行这一次的表现，未来还有攀升的空间，再加上该股至今的表现仍然落后大市，偏低的估值再次成为吸引投资者的焦点。
分析员更因而将该公司的目标价格，从7.26令吉调升至7.42令吉，并将评级升级为“超越大市”。
南洋商报
Smartag to start Thai project soon
The radio frequency identification (RFID) solutions provider has signed a container tracking service and partnership agreement with Netbay Co Ltd to implement the system at the customs checkpoints in Thailand. The system is now on a trial run.
"To date, we have set up the first phase of RFID infrastructure in Sadao, Suvarnabumi Customs Free Zone and Mukdahan customs checkpoint in Thailand.
"We have begun pilot projects for two big logistic companies - DHL and TNT," Smartag's chairman Datuk Abdul Hamed Sepawi Hamed told reporters after the launch of Smartag's prospectus in Kuala Lumpur yesterday.
He said the system will help curb abuses or thefts of clients' goods as it is able to track goods from the start till the end of a journey.
"We will be implementing some projects in Malaysia soon, but I cannot announce them yet as we have signed non-disclosure agreements," Hamed said.
He said it was difficult to gauge the value of the contracts it would get in future.
"Let's say that one company has one million items to track per shipment ... that's one million times US$20 (RM61) per trip," he said.
Hamed did not reveal the company's order book, but said that the technology used for its RFID system is the first of its kind. It is a combination of various technologies, he added.
He also said that Smartag has plans to sell the system in countries like Laos, China, Singapore and Australia.
On its listing exercise, Hamed said the company expects to raise RM17.7 million from its initial public offering (IPO).
The IPO entails a public issue of 57 million new shares at 31 sen each. Of this, 50 million shares are allocated for private placement to eligible investors, five million for eligible directors, employees and business associates of the group and the remaining for the public.
The company will use RM8.84 million of the proceeds for project-related capital expenditure, RM3.36 million for research and development, RM3.53 million for working capital and RM1.94 million for listing expenses.
Kenanga Investment Bank Bhd is the adviser, sponsor, underwriter and placement agent for the IPO.
"To date, we have set up the first phase of RFID infrastructure in Sadao, Suvarnabumi Customs Free Zone and Mukdahan customs checkpoint in Thailand.
"We have begun pilot projects for two big logistic companies - DHL and TNT," Smartag's chairman Datuk Abdul Hamed Sepawi Hamed told reporters after the launch of Smartag's prospectus in Kuala Lumpur yesterday.
He said the system will help curb abuses or thefts of clients' goods as it is able to track goods from the start till the end of a journey.
 |
He said it was difficult to gauge the value of the contracts it would get in future.
"Let's say that one company has one million items to track per shipment ... that's one million times US$20 (RM61) per trip," he said.
Hamed did not reveal the company's order book, but said that the technology used for its RFID system is the first of its kind. It is a combination of various technologies, he added.
He also said that Smartag has plans to sell the system in countries like Laos, China, Singapore and Australia.
On its listing exercise, Hamed said the company expects to raise RM17.7 million from its initial public offering (IPO).
The IPO entails a public issue of 57 million new shares at 31 sen each. Of this, 50 million shares are allocated for private placement to eligible investors, five million for eligible directors, employees and business associates of the group and the remaining for the public.
The company will use RM8.84 million of the proceeds for project-related capital expenditure, RM3.36 million for research and development, RM3.53 million for working capital and RM1.94 million for listing expenses.
Kenanga Investment Bank Bhd is the adviser, sponsor, underwriter and placement agent for the IPO.
Proton aims to overtake Perodua
Proton aims to overtake Perodua and regain its position as the country's top-selling carmaker this year, driven by growing
customer confidence, network improvement, product and pricing strategies, says group managing director Datuk Seri Syed Zainal Abidin Syed Mohamed Tahir.
"Overall, we target to sell between seven and eight per cent higher than last year, but we are working to achieve at least 10 per cent compared to nine per cent in 2010.
"Domestic sales have been growing every year, that's a good sign. We will outgrow the industry. We improve, everybody will also improve," he told reporters after welcoming the Lotus Renault GP Team and the media for a tour of the Proton main manufacturing plant here today.
Proton, the national car maker, lost its market share to Perodua in 2006 as Malaysia's top-selling carmaker. It held the top sales spot since 1985.
Last year, Proton sold 157,274 cars, while Perodua recorded an all-time record sales of 188,641 units.
According to the Malaysian Automotive Association (MAA), Proton and Perodua sold 27,365 and 27,713 cars, respectively, in January and February this year.
Zainal Abidin said Proton would stress on quality and embark on aggressive marketing campaigns to promote existing models and introduce more variations to boost sales.
He said Proton would introduce new turbo engine for Exora and new Saga and Inspira editions this year as well as come up with new models next year as part of its long-term plan.
"We'll be working with Proton Edar Dealers' Association Malaysia and financial institutions. If the network and salesmen have confidence in the brand, customers will be there," he added. -- Bernama
customer confidence, network improvement, product and pricing strategies, says group managing director Datuk Seri Syed Zainal Abidin Syed Mohamed Tahir.
"Overall, we target to sell between seven and eight per cent higher than last year, but we are working to achieve at least 10 per cent compared to nine per cent in 2010.
"Domestic sales have been growing every year, that's a good sign. We will outgrow the industry. We improve, everybody will also improve," he told reporters after welcoming the Lotus Renault GP Team and the media for a tour of the Proton main manufacturing plant here today.
Proton, the national car maker, lost its market share to Perodua in 2006 as Malaysia's top-selling carmaker. It held the top sales spot since 1985.
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Last year, Proton sold 157,274 cars, while Perodua recorded an all-time record sales of 188,641 units.
According to the Malaysian Automotive Association (MAA), Proton and Perodua sold 27,365 and 27,713 cars, respectively, in January and February this year.
Zainal Abidin said Proton would stress on quality and embark on aggressive marketing campaigns to promote existing models and introduce more variations to boost sales.
He said Proton would introduce new turbo engine for Exora and new Saga and Inspira editions this year as well as come up with new models next year as part of its long-term plan.
"We'll be working with Proton Edar Dealers' Association Malaysia and financial institutions. If the network and salesmen have confidence in the brand, customers will be there," he added. -- Bernama
PetDag introduces new product to replace Primax 95
PETRONAS DAGANGAN BHD [] has introduced a new fuel marketed under the name Petronas Primax 95 Xtra to replace its previous brand, Primax 95.
In a statement April 11, Petronas Dagangan said the new fuel contained an advanced multifunctional additive package that delivered top tier performance for smoother driving experience and a new synthetic detergent that maintains engine cleanliness.
The new fuel enhances fuel economy, offering more power and greater acceleration, it said.
The company said Primax Xtra 95 was officially launched by Prime Minister Datuk Seri Najib Razak on April 9 and was available at over 950 Petronas service stations nationwide.
Written by Surin Murugiah of theedgemalaysia.com
In a statement April 11, Petronas Dagangan said the new fuel contained an advanced multifunctional additive package that delivered top tier performance for smoother driving experience and a new synthetic detergent that maintains engine cleanliness.
The new fuel enhances fuel economy, offering more power and greater acceleration, it said.
The company said Primax Xtra 95 was officially launched by Prime Minister Datuk Seri Najib Razak on April 9 and was available at over 950 Petronas service stations nationwide.
Written by Surin Murugiah of theedgemalaysia.com
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