Sunday, August 7, 2011

JIT News - POS,Tenaga,Proton,MasterSkill,KNM,Dayang.. 19/1/2011

POS: Khazanah Nasional Bhd will invite bids from 17 Jan 2011 - 21 Jan 2011 for its stake in Pos Malaysia Bhd ... Rumours of the bidders are SapRes, Scomi Marine, DRB-Hicom, Konsortium, Ekuinas

POS: 3.17 (Inter Pacific), 3.80 (AMResearch), 3.66 (CIMB), 4.45 (OSK)


Tenaga is due to release its 1QFY11 results today 19/01/2011

Proton: Proton Holdings Bhd is in talks with CIMB bank and several others to secure loans and investments totalling 480mil (RM2.35bil) needed to turn around Group Lotus. It hopes to sign an agreement for the loan within Feb 2011 as they are in talks with several banks including our own banker CIMB.

Proton: 4.67 (MBB), 5.95 (CIMB), 4.60 (MIDF), 6.18 (OSK), 6.60 (HDBS), 6.00 (HLB), 6.10 (AMResearch), 5.20 (UOB Kay)


MasterSkill: US-based SmallCap World Fund Inc reduced its shareholding in Masterskill Education Group Bhd to 5.48% after it disposed of 1.85 million shares on Jan 12 and 13 2011. The fund disposed of 1.55 million shares on Jan 12 and 300,000 shares the next day. After these transactions, SmallCap World Fund’s stake was reduced to 5.48% or 22.45 million shares. Recent filings showed that FMR LLC and FIL Ltd sold disposed of 2.42 million shares on Jan 6 and 1.33 million shares the next day, reducing its shareholding to 29.74 million shares or 7.26%.


KNM: It has received another 4 years’ extension until Feb 2015 for its term loan facility secured from Maybank. The loan’s principal outstanding as at Jan 7, 2011 was at rm351 million. The term loan should come as a relief to KNM, which has short and long term borrowings of rm1.06 billion as at Sept 2010. Its net gearing is at 0.43 times. Its cash and cash equivalents had also been reduced to rm296 million. Its job orders are increasing to rm4 billion.

KNM: 3.10 (MBB), 3.45 (AMREsearch), 3.50 (HDBS), 0.47 (Kenanga), 2.96 (OSK), 3.09 (RHB), 3.10 (MBB)


Dayang
: It has fixed the issue price for its rights issue at rm1.10 per rights share.

Dayang: 3.40 (HDBS), 3.17 (ECM), 3.86 (RHB)

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