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.
Showing posts with label Ekovest. Show all posts
Showing posts with label Ekovest. Show all posts
Sunday, August 14, 2011
Saturday, August 6, 2011
What’s Up? Ekovest/MRCB
Ekovest/MRCB
What’s Up? … dated Jan 2011
Sources say Ekovest together with MRCB is on the verge of receiving a letter of award from the government for a portion of the Klang Valley cleaning project.
It will be a joint venture between MRCB and Ekovest, with that portion worth a potential RM8 billion. It could potentially involve some 80 acres, specially on the WP side of the Klang River . The river itself spans 120 km, with 40 km under the purview of the federal government and the remaining 80 km under the Selangor government.
MRCB-Ekovest is very close to getting the award, with an announcement on the matter expected to be made soon.
The government had announced the Klang River clean up, which forms part of a RM15 billion rehabilitation and development plan for the river, under the Economic Transformation Programme.
It could potentially cost rm3 billion for sewerage and sullage management and rm533 million for drainage and flow management to transform the state of the Klang Valley .
The name that was previously linked to the river cleaning project is YTL Corp and I-Bhd.
What’s Up? … dated Jan 2011
Sources say Ekovest together with MRCB is on the verge of receiving a letter of award from the government for a portion of the Klang Valley cleaning project.
It will be a joint venture between MRCB and Ekovest, with that portion worth a potential RM8 billion. It could potentially involve some 80 acres, specially on the WP side of the Klang River . The river itself spans 120 km, with 40 km under the purview of the federal government and the remaining 80 km under the Selangor government.
MRCB-Ekovest is very close to getting the award, with an announcement on the matter expected to be made soon.
The government had announced the Klang River clean up, which forms part of a RM15 billion rehabilitation and development plan for the river, under the Economic Transformation Programme.
It could potentially cost rm3 billion for sewerage and sullage management and rm533 million for drainage and flow management to transform the state of the Klang Valley .
The name that was previously linked to the river cleaning project is YTL Corp and I-Bhd.
JIT News - MRCB/Ekovest,MMC/PLUS,Maybank/OSK,Key West,KPS,IJMLand/MRCB,Hap Seng.. 10/1/2011
Ekovest/MRCB: Sources say Ekovest together with MRCB is on the verge of receiving a letter of award from the government for a portion of the Klang Valley cleaning project. MRCB-Ekovest is very close to getting the award, with an announcement on the matter expected to be made soon. The other name that was previously linked to the river cleaning project is YTL Corp and I-Bhd.
MMC Corp/PLUS: Sources say MMC Corp Bhd is likely to emerge the third bidder. MMC is still in the running to acquire PLUS. Even before the RM26bil Jelas Ulung Sdn Bhd bid came in, MMC had proposed the idea to the Government.
Maybank/OSK: On whether Maybank was still keen to acquire OSK Holdings Bhd as speculated earlier, Maybank had scanned the market for potential acquisitions, and eventually found that Kim Eng was the best option to spur Maybank’s regional expansion.
Key West: Key West Global Telecommunications Bhd has seen the emergence of a new substantial shareholder in Goh Mei Yuin, who acquired 12.32 million shares, or a 9.13% stake in the company.
KPS/Puncak Niaga/KHSB/JAKS: Puncak Niaga management will review the offer documents from the Selangor State Government over the latter's new offer to the four beleaguered water concessionaires in Selangor for RM9 billion.
IJM Land/MRCB: IJM Land does not rule out the possibility of working with MRCB JV capacity rather than one that involves the merging of the two companies. Also IJM Land does not rule out any future M&A possibilities.
MMC Corp/PLUS: Sources say MMC Corp Bhd is likely to emerge the third bidder. MMC is still in the running to acquire PLUS. Even before the RM26bil Jelas Ulung Sdn Bhd bid came in, MMC had proposed the idea to the Government.
Maybank/OSK: On whether Maybank was still keen to acquire OSK Holdings Bhd as speculated earlier, Maybank had scanned the market for potential acquisitions, and eventually found that Kim Eng was the best option to spur Maybank’s regional expansion.
Key West: Key West Global Telecommunications Bhd has seen the emergence of a new substantial shareholder in Goh Mei Yuin, who acquired 12.32 million shares, or a 9.13% stake in the company.
KPS/Puncak Niaga/KHSB/JAKS: Puncak Niaga management will review the offer documents from the Selangor State Government over the latter's new offer to the four beleaguered water concessionaires in Selangor for RM9 billion.
IJM Land/MRCB: IJM Land does not rule out the possibility of working with MRCB JV capacity rather than one that involves the merging of the two companies. Also IJM Land does not rule out any future M&A possibilities.
Meanwhile located directly behind the mature Kota Kemuning township, the Canal City will turn IJM Land into one of the leading township developers in the Klang Valley . The company is now sorting out some land and project planning matters with the Selangor Government.
Hap Seng: The company recently raised its shareholding by acquiring the company’s shares on the open market. The move triggered speculation about a privatization exercise by the Lau family, which took its flagship company Lei Shing Hong Ltd private in 2008. And in July 2009, the family privatized MMOSAICS.
Its MD Datuk Lee said that Privatization is the prerogative of the shareholders. If the shareholders do not see value in a listed entity, at the end of the day, why keep it listed if it is undervalued all the time. Nonetheless, given the rally in Hap Seng’s share price recently, its privatization would certainly cost a bundle if it were done now (Jan 2011).
Hap Seng: The company recently raised its shareholding by acquiring the company’s shares on the open market. The move triggered speculation about a privatization exercise by the Lau family, which took its flagship company Lei Shing Hong Ltd private in 2008. And in July 2009, the family privatized MMOSAICS.
Its MD Datuk Lee said that Privatization is the prerogative of the shareholders. If the shareholders do not see value in a listed entity, at the end of the day, why keep it listed if it is undervalued all the time. Nonetheless, given the rally in Hap Seng’s share price recently, its privatization would certainly cost a bundle if it were done now (Jan 2011).
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