Petronas Dagangan Bhd, controlled by Malaysia ’s state oil and gas company, is seeking to acquire assets to strengthen its retail network. The company is debt-free and has a cash-pile of RM1 billion.
CyPark: A country's largest publicly traded renewable energy company, has submitted proposals to the government to take over as many as 32 non-sanitary landfills and to design, build and manage integrated waste disposal sites. It had submitted the proposals sometime late 2010, and expects to know the outcome for the landfills in the current financial year (2011). On the integrated waste disposal sites, the government had said that it will cost as much as RM270 million to build, design and manage nine waste disposal sites. This cost, however, does not include the cost of acquiring the land. The company may know by 2011 if it is chosen to run the fresh waste disposable sites. Much of this will also depend on the passing of the Renewable Energy Act. If passed, the act will be a boon for Cypark as it had started converting landfills into RE parks.
2.98 (OSK), 1.45 (MIMB)
MYEG: The company’s earnings are poised to grow rapidly in the next few years, driven by (1) continued growth in the road tax renewal service, (2) increasing network, coverage and market share, with its expanding number of e-service centres, and (3) new products and services, the most important being the immigration and customs service tax monitoring initiatives.
MyEG is now embarking on a new phase of growth as it expands its services to include those from the Immigration Department (for maid and foreign workers’ annual permit renewal), and most significantly, a customs tax-monitoring service with the Royal Malaysian Customs.
In the near term, the company’s earnings will continue to be driven by the road tax renewal services which are growing rapidly. Its earnings ability to surprise on the upside from FY12 onwards will be due to the customs tax monitoring, immigration and other services in the pipeline.
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