DBE: OSK’s wholly owned subsidiary OSK Investment Bank Bhd has emerged as the single largest shareholder of DBE with 26.88% of DBE’s enlarged issued share capital. As at FY2010 ended Dec 31, DBE had racked up accumulated loses of RM40.91 million. Meanwhile, total borrowings amounted to RM72.6 million as at Dec 31 versus rm116000 cash. The completion of the rights issue may put DBE on a stronger financial footing. Of the rm40 million proceeds, the company plans to set aside rm25.9 million as working capital and rm12 million will be earmarked to repay its bank loans.
YTL Land/YTL Power: YTLand has the biggest exposure to the potential MRT interchange at 66% of realisable net asset value via Sentul (119 acres), KL Sentral (five acres) and Bukit Bintang (5 acres). YTLP, which has a 21-year PPA with TNB until 2015, has a positive potential extension for its first generation PPA as a power plant in operation is better than an idle one. However concerns are over its lower internal rate of return from the power purchase agreement (PPA) extension.
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