Thursday, February 9, 2012
Silver Bird Feb 2012
Bakery products manufacturer is adopting a global strategy for its food business as it capitalizes on its strategic collaboration with its major shareholder Koperasi Permodalan Felda Malayasia Bhd. Its MD Datuk Jackson Tan says the company could grow its portfolio to include other basic food products in various countries. A transformation will certainly be a boost for its major shareholders – LTH, the single largest shareholder with a 23.34% stake and Koperasi Permodalan Felda with 13.36% stake.
Tuesday, February 7, 2012
KrisAssets Feb 2012
It is likely to inject its two retail assets in Mid Valley City the Mid Valley Megamall and The Gardens shopping mall into a retail real estate and investment trust (REIT) in 2012. An industry source said the company had already engaged a merchant bank to look into the REIT exercise. The two assets have an estimated total asset value of close to RM4bil which makes KrisAssets a strong candidate to sponsor a REIT to unlock the value of its assets for its shareholders.
Sunday, February 5, 2012
DBE Jan 2012
DBE’s director had disposed of 12 million shares on Jan 18, 2012. Ding Seng Huat had disposed of the shares representing a 1.78% stake at an average price of 8.0 sen each. To recap, DBE confirmed that it was in talks with a shareholder of CIH which includes a private placement exercise. DBE also said it had plans for a private placement to raise funds for its working capital requirement but it was at preliminary stage.
Sources say three parties are interested to take over DBE Gurney Resources Bhd, a poultry breeder, in a bid to return the company to profitability. Besides CI Holdings Bhd, the other parties interested in DBE are Datuk Raymond Chan Boon Siew, the controlling stakeholder of Sagajuta ( Sabah ) Sdn Bhd, and Maybank Private Equity. Chan, a prominent Sabah developer, has been buying shares in DBE from the open market and now controls about 4.0 per cent stake of the company.
Sources say three parties are interested to take over DBE Gurney Resources Bhd, a poultry breeder, in a bid to return the company to profitability. Besides CI Holdings Bhd, the other parties interested in DBE are Datuk Raymond Chan Boon Siew, the controlling stakeholder of Sagajuta ( Sabah ) Sdn Bhd, and Maybank Private Equity. Chan, a prominent Sabah developer, has been buying shares in DBE from the open market and now controls about 4.0 per cent stake of the company.
Thursday, January 12, 2012
JCY Jan 2012
JCY stated that it is likely to record a surge in earnings for the quarter ended Dec 31, 2011. Based on current available information, the group was likely to record an increase in net profit for the financial quarter ended Dec 31, 2011 of approximately 1900% compared with a year ago when profit was rm7.5 million.
For the quarter ended Dec 31, 2011, it expected net profit to be an increase of 460% compared with the quarter ended Sept 30, 2011’s net profit of rm26.4 million.
It cited the surge in earnings to an increase in selling prices caused by component shortages arising from the Oct 2011 floods in Thailand , effecting product mix, appreciating US dollar against the ringgit and continuous efficient cost management.
To cater for the increase in the component demands from the company’s major customers, the board of directors has approved a capex budget of approximately rm300 million over the next 24 months period, for expansion of its facilities in Malaysia , Thailand and China .
It also said barring any unforeseen factors, the company expects to be able to increase its global market share of HDD mechanical component industry over the next 24 months.
For the quarter ended Dec 31, 2011, it expected net profit to be an increase of 460% compared with the quarter ended Sept 30, 2011’s net profit of rm26.4 million.
It cited the surge in earnings to an increase in selling prices caused by component shortages arising from the Oct 2011 floods in Thailand , effecting product mix, appreciating US dollar against the ringgit and continuous efficient cost management.
To cater for the increase in the component demands from the company’s major customers, the board of directors has approved a capex budget of approximately rm300 million over the next 24 months period, for expansion of its facilities in Malaysia , Thailand and China .
It also said barring any unforeseen factors, the company expects to be able to increase its global market share of HDD mechanical component industry over the next 24 months.
Tuesday, January 10, 2012
Menang Jan 2012
Menang: Menang saw 12 million shares crossed in several off market deals on 05 Jan 2012. Data showed the shares, representing a 4.49% stake were crossed at average price of 22 sen. On Dec 27, 2011, Menang group deputy chairman Datin Mariam increased her shareholding in the company with the recent acquisition of 20 million shares or a 7.48% stake. She bought the shares from the open market at 20 sen on Dec 27, 2011 which increased his shareholding to 26.18% stake.
Sunday, January 8, 2012
BHIC/Bstead jan 2012
BHIC/Bstead: BHIC reiterated that it has not received any indication or direction from its shareholders with regards to any major acquisition of shares in the company. Boustead Holdings Bhd is the major shareholder of BHIC. Earlier market talk of a possible privatization of BHIC. According to reports, while BHIC’s parent Bstead denied talks that it was planning to privatize the former, it then emerged that LTAT could be the vehicle to be used. LTAT’s chief executive did not denied the possibility of the Armed Forces fund taking BHIC private. However, the matter would have to be collectively deliberated on by LTAT’s board of directors. LTAT holds direct 8.15% stake in the company and indirect stake of 65% via Bstead. BHIC’s net asset per share as end of Sept 2011 was rm1.71.
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