Saturday, August 6, 2011

JIT News - Gamuda/MMC,Affin/CIMB,Tenaga,Faber,Mah Sing,KFC/QSR.. 13/1/2011

Gamuda/MMC Corp: Contracts for work on Malaysia 's first mass rapid transit (MRT) line, linking Kajang and Sungai Buloh, will be awarded in May 2011. The Land Public Transport Commission chief executive officer Mohd Nur Ismal Kamal said tenders for the preliminary and main works will likely be called by Syarikat Prasarana Negara Bhd at the end of April 2011, with the awards to be announced "around mid-May 2011. The three lines may cost RM36.6 billion in total, going by Gamuda-MMC's initial estimates in 2009, but this has yet to be determined. More news on the second and third lines may be unveiled in late March or early April 2011.

MMC Corp: 4.05 (HDBS), 3.52 (OSK), 3.80 (Credit Suisse)

Gamuda: 4.51 (RHB), 3.80 (MBB), 5.25 (HDBS), 4.28 (AMResearch), 4.41 (ECM), 4.64 (OSK), 3.96 (Nomura), 4.10 (MIMB), 4.38 (MBB), 4.90 (HDBS)

Affin/CIMB: Affin Holdings Bhd deputy chairman Tan Sri Lodin Wok Kamaruddin said he was not aware of rumours that Affin Bank is being eyed for a takeover by CIMB Bank. Asked if such a deal was possible, Lodin replied: "Well, anything is possible." Sources close to CIMB Group said the rumour completely goes against the group's ambition to become a major regional financial player and they also think that it is not true.

Affin: 3.55 (RHB), 3.50 (Inter Pacific), 4.04 (CIMB)

CIMB: 8.50 (MIDF), 9.77 (OSK), 9.60 (AMResearch), 10.10 (HDBS), 8.80 (ECM), 9.15 (HLG)

Tenaga: It has awarded rm2.14 billion contracts for the construction of its Ulu Jelai Hydroelectric project.

Tenaga: 7.20 (AmResearch), 10.00 (HDBS), 10.50 (RHB), 9.76 (OSK), 8.54 (MIMB), 10.12 (BNP Paribas), 10.47 (Kenanga), 10.10 (ECM), 7.50 (MBB), 9.20 (JP Morgan), 9.98 (MIDF)

Faber: It has received non renewed notices for three maintenance services contracts worth a total of rm184 million in Abu Dhabi from the Emirate’s Dept of Municipal Affairs. The non renewal of the contracts will affect Faber’s earnings and its net asset per share of four sen for the financial year ending Dec 31, 2011.

MahSing:: PNB has ceased to be a substantial shareholder in Mah Sing after it disposed 1.45 million shares in the company on Jan 6, 2011 to less than 5%. ASB has also ceased to be a major shareholder in Dec 2011.

MahSing: 2.20 (Inter Pacific), 2.30 (MBB), 2.10 (HLG), 2.35 (CIMB), 1.94 (MIDF), 2.50 (RHB)

KFC/QSR/JCORP: KFC and QSR chairman and director Tan Sri Muhammad Ali Hashim has resigned ahead of the EGMs by Johor Corp listed companies scheduled on Jan 17, 2011 to oust him. JCorp president and CEO Kamarruzzaman Abu Kassim has taken over Ali;s positions in both companies.

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