Sunday, August 14, 2011

JIT News - MRCB/Ekov,MEGB,Transmile,SP Setia,Ramunia,Ranhill .... 24/2/2011

MRCB/Ekovest: MRCB together with Ekovest are likely to be awarded a portion of the Klang Valley beautification project from the government. It was previously reported that the valued is at a potential rm8 billion. A rm5 billion rehabilitation and development plan for the Klang Valley river was announced by the government as part of the ETP.


MasterSkill: For the year ended Dec 31, 2010, its net profit rose to rn102.4 million or 33 sen per share with a historical PER of 5.6 times. Revenue increased to rm315 million. As at Dec 31, 2010 the company had net cash of rm99.41 million and net assets per share of rm1.27.

MasterSkill: 4.90 (HDBS), 2.47 ( Alliance ), 3.59 (OSK), 4.48 (CIMB)


Transmile faces suspension with effect from March 3 and delisting on March 7 2011 for failing to submit a regularisation plan to the regulators for approval by Feb 22 2011. It failed to submit the revamp plan to Securities Commission or Bursa Malaysia Securities by the Feb 22 2011 deadline. However, it has until March 2 2011 to submit an appeal to Bursa Securities. If it submits an appeal to Bursa Securities within the appeal timeframe, the removal of the securities will be deferred pending the decision on the company’s appeal.


S P Setia Bhd’s proposed private placement of new shares of up 15% of its paid-up to existing major shareholders (also a proposed bonus issue on a one-for-two basis after the placement) will enable the property developer to raise about RM1 billion. The corporate exercise would enable S P Setia to raise funds with minimal dilution to the company’s share capital base. The private placement would involve a bookbuilding exercise which includes a roadshow involving about 30 global funds.


Ramunia: Ramunia Energy and Marine Corp Sdn Bhd disposed of 13.5 million Ramunia Holdings Bhd from Feb 16 to 21 2011. A filing with Bursa Malaysia showed its stake was reduced to 59.62 million shares or 8.99% after the disposal of the shares. Ramunia Energy sold 3.5 million shares on Feb 16 2011 and two million shares the next day. On Feb 18 2011, it disposed of one million shares and seven million shares on Feb 21. It was trading between 67 and 68.5 sen during the period.


Ranhill: It is not ready to say anything about its operations in Libya as it is unsure of the situation in the country. Ranhill is involved in a US$1.2 billion (RM3.66 billion) Tajura Housing Project, which involves the design and construction of 10,680 units of residential apartments in Tripoli , Libya . The project, due for completion in February 2013, was contracted by the Housing and Infrastructure Board of the Libyan Government to Amona Ranhill Consortium, a Ranhill subsidiary.

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