Showing posts with label Faber. Show all posts
Showing posts with label Faber. Show all posts
Thursday, October 13, 2011
Faber
Following the announcement of the non-renewal of two of Faber’s UAE contracts, the price plunged by 23% and has since maintained at this level. It is believed that all the negative news from the non-renewal of UAE contracts has been priced in. As such, Faber will now refocus on managing its 12 hospitals and clinics in the UAE while at the same time expanding to military hospitals there. Faber’s 15-year concession to provide hospital support services in government hospitals is expiring in October 2011 and the company is currently awaiting approvals from the Ministry of Health and the Economic Planning Unit. The risk of losing the government concession is relatively small.
Saturday, September 10, 2011
JIT News - Faber.. 16/3/2011
Faber is positive that its 15 year concession for government hospital support services, which expires in Oct 2011 will soon be renewed for another 15 years based on the group’s experience and track record. Its MD said the company was well positioned for the renewal based on of its financial ability. They are waiting for a detailed discussion with the authorities. It is just a matter of time. The ball is now in the government’s court. But he declined in disclose the contents of the renewal application but stressed that its proposition was status quo in terms of services for government hospitals in the six states, including Sabah and Sarawak.
Saturday, August 6, 2011
JIT News - Mtronic, Faber.. 14/1/2011
Mtronic: Its executive vice chairmanDatuk Abd Gani sold a 15.75% equity stake, trimming his shareholding to 9.71%. The share disposal may pave the way for emergence of a major shareholder in the loss making company. However, there was no announcement on new shareholders new shareholders in Mtronic.
On the other had, the selling by an insider also poses a question on the prospect of the company. After divestment, Abd Gani remains the largest shareholder in Mtronic. The company largest shareholder is executive director Liew Chiap Hong who holds 6.28%.
It specializes in IT management systems. Its concession with Lai’An Country Water Utility Board, China ws terminated in Aug 2010 due to a delay by the Water Utility Board in completing the transfer of land title for the project.
The company has been bleeding since 2008 and its financials seem to be no better in FY2010. As at Sept 2010, its total borrowings stood at rm13.71 million with cash and cash bank balances of rm4.67 million.
Faber: Growing concerns on its earnings prospects sparked selling its shares price after its two integrated fcilities in the Gulf was not renewed. The news also raised worries on the renewal of the group’s other contracts locally and abroad resulting in downgrades. However, there may be a ray of hope for Faber to win back the contracts later when the authorities open them for re tendering. Faber will bid for them. Contributions from the UAE is expected to account for some 25% of the group’s total. For nine months period ended Sept 30, 2010, these contracts had contributed some rm200 million to Faber’s revenue.
Faber’s local hospital support services concession will expire in Oct 2011. A renewal of the concession would provide it a major boost for Faber’s especially if it comes with a tariff hike.
Recent news report suggest that several parties are eyeing parts of the concession, namely the Sabah and Sarawak portions. Faber’s 15 year HSS concession covers public hospitals in the northern region of Malaysia , Sabah and Sarawak .
Faber is a GLC and its HSS concession has been run very profitably and efficiently.
Faber: 3.39 (OSK), 2.00 (HDBS), 3.82 (RHB), 3.52 (Inter Pacific), 3.60 (MIDF), 2.90 (S&P)
On the other had, the selling by an insider also poses a question on the prospect of the company. After divestment, Abd Gani remains the largest shareholder in Mtronic. The company largest shareholder is executive director Liew Chiap Hong who holds 6.28%.
It specializes in IT management systems. Its concession with Lai’An Country Water Utility Board, China ws terminated in Aug 2010 due to a delay by the Water Utility Board in completing the transfer of land title for the project.
The company has been bleeding since 2008 and its financials seem to be no better in FY2010. As at Sept 2010, its total borrowings stood at rm13.71 million with cash and cash bank balances of rm4.67 million.
Faber: Growing concerns on its earnings prospects sparked selling its shares price after its two integrated fcilities in the Gulf was not renewed. The news also raised worries on the renewal of the group’s other contracts locally and abroad resulting in downgrades. However, there may be a ray of hope for Faber to win back the contracts later when the authorities open them for re tendering. Faber will bid for them. Contributions from the UAE is expected to account for some 25% of the group’s total. For nine months period ended Sept 30, 2010, these contracts had contributed some rm200 million to Faber’s revenue.
Faber’s local hospital support services concession will expire in Oct 2011. A renewal of the concession would provide it a major boost for Faber’s especially if it comes with a tariff hike.
Recent news report suggest that several parties are eyeing parts of the concession, namely the Sabah and Sarawak portions. Faber’s 15 year HSS concession covers public hospitals in the northern region of Malaysia , Sabah and Sarawak .
Faber is a GLC and its HSS concession has been run very profitably and efficiently.
Faber: 3.39 (OSK), 2.00 (HDBS), 3.82 (RHB), 3.52 (Inter Pacific), 3.60 (MIDF), 2.90 (S&P)
JIT News - Gamuda/MMC,Affin/CIMB,Tenaga,Faber,Mah Sing,KFC/QSR.. 13/1/2011
Gamuda/MMC Corp: Contracts for work on Malaysia 's first mass rapid transit (MRT) line, linking Kajang and Sungai Buloh, will be awarded in May 2011. The Land Public Transport Commission chief executive officer Mohd Nur Ismal Kamal said tenders for the preliminary and main works will likely be called by Syarikat Prasarana Negara Bhd at the end of April 2011, with the awards to be announced "around mid-May 2011. The three lines may cost RM36.6 billion in total, going by Gamuda-MMC's initial estimates in 2009, but this has yet to be determined. More news on the second and third lines may be unveiled in late March or early April 2011.
MMC Corp: 4.05 (HDBS), 3.52 (OSK), 3.80 (Credit Suisse)
Gamuda: 4.51 (RHB), 3.80 (MBB), 5.25 (HDBS), 4.28 (AMResearch), 4.41 (ECM), 4.64 (OSK), 3.96 (Nomura), 4.10 (MIMB), 4.38 (MBB), 4.90 (HDBS)
Affin/CIMB: Affin Holdings Bhd deputy chairman Tan Sri Lodin Wok Kamaruddin said he was not aware of rumours that Affin Bank is being eyed for a takeover by CIMB Bank. Asked if such a deal was possible, Lodin replied: "Well, anything is possible." Sources close to CIMB Group said the rumour completely goes against the group's ambition to become a major regional financial player and they also think that it is not true.
Affin: 3.55 (RHB), 3.50 (Inter Pacific), 4.04 (CIMB)
CIMB: 8.50 (MIDF), 9.77 (OSK), 9.60 (AMResearch), 10.10 (HDBS), 8.80 (ECM), 9.15 (HLG)
Tenaga: It has awarded rm2.14 billion contracts for the construction of its Ulu Jelai Hydroelectric project.
Tenaga: 7.20 (AmResearch), 10.00 (HDBS), 10.50 (RHB), 9.76 (OSK), 8.54 (MIMB), 10.12 (BNP Paribas), 10.47 (Kenanga), 10.10 (ECM), 7.50 (MBB), 9.20 (JP Morgan), 9.98 (MIDF)
Faber: It has received non renewed notices for three maintenance services contracts worth a total of rm184 million in Abu Dhabi from the Emirate’s Dept of Municipal Affairs. The non renewal of the contracts will affect Faber’s earnings and its net asset per share of four sen for the financial year ending Dec 31, 2011.
MahSing:: PNB has ceased to be a substantial shareholder in Mah Sing after it disposed 1.45 million shares in the company on Jan 6, 2011 to less than 5%. ASB has also ceased to be a major shareholder in Dec 2011.
MahSing: 2.20 (Inter Pacific), 2.30 (MBB), 2.10 (HLG), 2.35 (CIMB), 1.94 (MIDF), 2.50 (RHB)
KFC/QSR/JCORP: KFC and QSR chairman and director Tan Sri Muhammad Ali Hashim has resigned ahead of the EGMs by Johor Corp listed companies scheduled on Jan 17, 2011 to oust him. JCorp president and CEO Kamarruzzaman Abu Kassim has taken over Ali;s positions in both companies.
MMC Corp: 4.05 (HDBS), 3.52 (OSK), 3.80 (Credit Suisse)
Gamuda: 4.51 (RHB), 3.80 (MBB), 5.25 (HDBS), 4.28 (AMResearch), 4.41 (ECM), 4.64 (OSK), 3.96 (Nomura), 4.10 (MIMB), 4.38 (MBB), 4.90 (HDBS)
Affin/CIMB: Affin Holdings Bhd deputy chairman Tan Sri Lodin Wok Kamaruddin said he was not aware of rumours that Affin Bank is being eyed for a takeover by CIMB Bank. Asked if such a deal was possible, Lodin replied: "Well, anything is possible." Sources close to CIMB Group said the rumour completely goes against the group's ambition to become a major regional financial player and they also think that it is not true.
Affin: 3.55 (RHB), 3.50 (Inter Pacific), 4.04 (CIMB)
CIMB: 8.50 (MIDF), 9.77 (OSK), 9.60 (AMResearch), 10.10 (HDBS), 8.80 (ECM), 9.15 (HLG)
Tenaga: It has awarded rm2.14 billion contracts for the construction of its Ulu Jelai Hydroelectric project.
Tenaga: 7.20 (AmResearch), 10.00 (HDBS), 10.50 (RHB), 9.76 (OSK), 8.54 (MIMB), 10.12 (BNP Paribas), 10.47 (Kenanga), 10.10 (ECM), 7.50 (MBB), 9.20 (JP Morgan), 9.98 (MIDF)
Faber: It has received non renewed notices for three maintenance services contracts worth a total of rm184 million in Abu Dhabi from the Emirate’s Dept of Municipal Affairs. The non renewal of the contracts will affect Faber’s earnings and its net asset per share of four sen for the financial year ending Dec 31, 2011.
MahSing:: PNB has ceased to be a substantial shareholder in Mah Sing after it disposed 1.45 million shares in the company on Jan 6, 2011 to less than 5%. ASB has also ceased to be a major shareholder in Dec 2011.
MahSing: 2.20 (Inter Pacific), 2.30 (MBB), 2.10 (HLG), 2.35 (CIMB), 1.94 (MIDF), 2.50 (RHB)
KFC/QSR/JCORP: KFC and QSR chairman and director Tan Sri Muhammad Ali Hashim has resigned ahead of the EGMs by Johor Corp listed companies scheduled on Jan 17, 2011 to oust him. JCorp president and CEO Kamarruzzaman Abu Kassim has taken over Ali;s positions in both companies.
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