Showing posts with label GPacket. Show all posts
Showing posts with label GPacket. Show all posts
Tuesday, August 9, 2011
Just-In-Time News - Ramunia,GPacket,Merge Energy,Zeland ... 17/2/2011
Ramunia: Its major shareholder Datuk Azizul Rahman has pared down its stake significantly recently, raising expectations that he may exit the group soon. His indirect shareholding fell to 11.06% from 14.28% as at Dec 30, 2010. Sources say he did not make as much profits as he could from the selldown. His move also indicated that he was paving the way for LTH to chart the company’s direction. LTH has 25.17% stake in Ramunia.
GPacket: It has deferred its target of breaking even at the Ebitda level to the end of 2011 as opposed to the 1Q2011. The deferment was due to the more competitive environment and lower price point in the portable broadband segment planed to grow forward. It posted net loss of RM77.68 million in the fourth quarter ended Dec 31, 2010, which was lower compared with the RM100.71 million a year ago. Revenue rose 58% to RM116.25 million from RM73.54 million, loss per share was 11.8 sen compared with 15.3 sen. However, the loss from continuing operations were RM100.11 million compared with RM103.82 million a year ago. For FY10, it managed to reduce its net loss to RM134.97 million from RM182.64 million in FY09, while revenue increased 80.8% to RM393.97 million from RM217.81 million. Loss from continuing operations increased to RM209.67 million from RM187.41 million in FY09. Total group accumulated losses increased to RM274.67 million as at Dec 31, 2010 from RM196.53 million as at Sept 30, 2010.
GPacket: 0.800 (HDBS), 0.78 (OSK)
Merge Energy: Several interesting changes have been observed lately at civil engineering outfit Merge Energy Bhd. Its CEO Yusof Badawi, who has led the company since May 2003, stepped down, paving the way for Datuk Abdul Jalil Abdul Karim to take over the helm of the company. Merge Energy also stated that Abdul Jalil had surfaced as a substantial shareholder after acquiring 50% of the paid-up capital of private company Desa Binapuri Sdn Bhd which has 19.4% equity interest in Merge Energy. Then in October 2010, Maseri Basirah hived off his 10 million shares or 14.93% in Merge Energy to Datuk Mohd Said Mat Saman. Maseri had been a substantial shareholder in Merge Energy since September 2002.
It remained unclear at this juncture what Abdul Jalil and Mohd Said’s plans are for Merge Energy. Abdul Jalil also controls MPRI Pipes Sdn Bhd (formerly known as Musa & Rahman Plastic Industries Sdn Bhd). MPRI Pipes posted a net loss of RM1.03 million from RM16.67 million in revenue for its financial year ended December 2009. MPRI has its mainstay in the manufacturing of plastic products and pipes. Mohd Said meanwhile controls Sri Sekamat Enterprise Sdn Bhd, a company involved in general construction and which in FY08 suffered a loss of RM2.07 million from RM20.79 million revenue. Several of Sri Sekamat Enterprise’s jobs have involved the water sector as well such as rehabilitating reservoirs.
Zeland: Loss-making Zeland recorded negative revenue from its continuing operations in Indonesia totaling RM39.2 million in the third quarter ended Dec 31, 2010 and warned of more losses in the current fourth quarter. This was due to a reversal made on the revenue recognised earlier as a result of additional foreseeable losses for the Indonesian project. Net losses for the 3Q were RM41.29 million compared with RM60.38 million. Loss per share was 7.33 sen versus 10.72 sen.
Sunday, August 7, 2011
JIT News - Sarawak Election,MRT,GPacket, WellCall, Bernas,Maxbiz ... 7/2/2011
Sarawak Election: Prime Minister Najib Abdul Razak had a closed-door meeting with 63 Sarawak state assemblymen from BN at a leading hotel in Miri. BN secretary-general Tengku Adnan Tengku Mansor also joined the prime minister at the meeting.
The Sarawak Election Stocks: CMSB, KKB Eng, Naim, Dayang, TA Ann, Sarawak Plantations, Encorp, Zecon, Sarawak Cable, Sarawak Consolidated, SIG Gases, Petra Energy
MRT: The second MRT line, which circles the Kuala Lumpur city centre (KLCC) orbital and known as the “circle line”, is already in the final planning stage. The details are expected to be announced in March 2011. The funding structure for the MRT would be disclosed by end-February 2011. 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.
Key Beneficiaries: Sunway City Bhd, Bstaed, MK Land, Glomac, Mulpha, Malton, Selangor Properties, GuocoLand, E&O, MRCB, YTL Land, SP Setia, TAGB, IJM Land, Metro Kajang, Bertam Alliance, Mah Sing, UDA, Gamuda Land, Bolton, IGB
Green Packet would reveal more details on its break-even levels when it announced its full-year results for 2010 in Feb 2011. Green Packet would likely record another Ebitda (earnings before interest, tax, depreciation and amortisation) loss in 4Q10 although broadband subscribers achieved was close to its 280,000 target.
GPacket: 0.800 (HDBS), 0.78 (OSK)
WellCall: The market is speculating whether WellCall will earmarked all its earnings as dividends this financial year ending Sept 30. The company will release its first financials in Feb 2011. This comes on the backdrop of costlier natural and synthetic rubber, the company’s primary raw materials.
Wellcall: 1.30 (Inter Pacific), 1.22 (CIMB)
Bernas: Bernas is sitting on a stockpile of rice that is growing in value due to the commodity’s uptrend on the international market. Although the commodity is on the government’s price control list, Bernas is posed to gain from higher prices on the international market because of its low cost inventory. However, the extent to which it can do so is controlled by the government, as some of the lower grades of rice are price controlled items in Malaysia . Bernas, which has been holding ample stock of the commodity will eventually benefit as rice prices climb in tandem with soaring food costs around the world and inflation rises.
Maxbiz: The future of Maxbiz hangs in the balance awaiting the outcome of an EGM likely to be held at the end of Feb 2011. It has announced to that it will seek shareholders’ approval at a meeting to remove its current auditor, Messrs Gomez & Co, and appoint STYL Associates as its new auditor. While this seem like a non even, such a change could have far reaching implications. In a nutshell, the company could be out of the doldrums if all goes as planned. What its officials are trying to do is to reverse its PN17 status, which Gomez & Co placed on Maxbiz.
The Sarawak Election Stocks: CMSB, KKB Eng, Naim, Dayang, TA Ann, Sarawak Plantations, Encorp, Zecon, Sarawak Cable, Sarawak Consolidated, SIG Gases, Petra Energy
MRT: The second MRT line, which circles the Kuala Lumpur city centre (KLCC) orbital and known as the “circle line”, is already in the final planning stage. The details are expected to be announced in March 2011. The funding structure for the MRT would be disclosed by end-February 2011. 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.
Key Beneficiaries: Sunway City Bhd, Bstaed, MK Land, Glomac, Mulpha, Malton, Selangor Properties, GuocoLand, E&O, MRCB, YTL Land, SP Setia, TAGB, IJM Land, Metro Kajang, Bertam Alliance, Mah Sing, UDA, Gamuda Land, Bolton, IGB
Green Packet would reveal more details on its break-even levels when it announced its full-year results for 2010 in Feb 2011. Green Packet would likely record another Ebitda (earnings before interest, tax, depreciation and amortisation) loss in 4Q10 although broadband subscribers achieved was close to its 280,000 target.
GPacket: 0.800 (HDBS), 0.78 (OSK)
WellCall: The market is speculating whether WellCall will earmarked all its earnings as dividends this financial year ending Sept 30. The company will release its first financials in Feb 2011. This comes on the backdrop of costlier natural and synthetic rubber, the company’s primary raw materials.
Wellcall: 1.30 (Inter Pacific), 1.22 (CIMB)
Bernas: Bernas is sitting on a stockpile of rice that is growing in value due to the commodity’s uptrend on the international market. Although the commodity is on the government’s price control list, Bernas is posed to gain from higher prices on the international market because of its low cost inventory. However, the extent to which it can do so is controlled by the government, as some of the lower grades of rice are price controlled items in Malaysia . Bernas, which has been holding ample stock of the commodity will eventually benefit as rice prices climb in tandem with soaring food costs around the world and inflation rises.
Maxbiz: The future of Maxbiz hangs in the balance awaiting the outcome of an EGM likely to be held at the end of Feb 2011. It has announced to that it will seek shareholders’ approval at a meeting to remove its current auditor, Messrs Gomez & Co, and appoint STYL Associates as its new auditor. While this seem like a non even, such a change could have far reaching implications. In a nutshell, the company could be out of the doldrums if all goes as planned. What its officials are trying to do is to reverse its PN17 status, which Gomez & Co placed on Maxbiz.
Saturday, August 6, 2011
What’s NEXT! GPacket
GPacket
What’s NEXT! … dated Jan 2011
Green Packet Bhd is on track to be EBITDA (earnings before interest, tax, depreciation and amortisation) positive by 2011, especially since it has achieved its milestone subscriber base of 280,000.
The company has been registering lower EBITDA losses for the past three consecutive quarters on the back of a growing subscriber base and revenue contribution. Average revenue per user is approximately RM80.
Green Packet will reveal more details on its break-even levels when it announces its full year results to Dec 31, 2010 in Feb 2011.
Green Packet's subsidiary, Packet One Networks (Malaysia) Sdn Bhd (P1) has increased its subscriber base by approximately 60,000 subscribers in the last quarter of 2010, thus surpassing the important milestone of 280,000 subscribers for its P1 4G broadband service.
The 60,000 subscribers in the fourth quarter is the highest net add per quarter in P1's history, the second highest being 43,000 in the fourth quarter of 2009 as a result of the highly effective but controversial “Sudah Potong?”
Meanwhile in a move to increase broadband coverage to 52 per cent in West Malaysia and enhance capacity, Packet One Networks (M) Sdn Bhd (P1) is investing RM200 million this year to further boost its services.
Currently, P1 has 45 per cent coverage in West Malaysia .
P1's partnership with Korea-based SK Telecom (SKT) since June 2010, to enhance its network and operations in the 4G broadband business, had further contributed and strengthened the company's growth.
SKT, Korea 's largest national mobile telecommunication company has invested US$100 million in P1 for a 25.8 per cent equity, to become its second largest stakeholder after Green Packet.
P1, with its Korean business partner, achieved a new milestone in 4G wireless broadband by securing 280,000 subcribers to date.
P1-SKT partnership is to accelerate P1's 4G deployment to 65 per cent of the Malaysian population by 2012.
Besides SKI, Intel is another P1 investor that invested RM50 million in 2008, to work together to deploy Malaysia 's first nationwide WiMAX network.
Meanwhile having achieved the best quarter it has seen in terms of subscriber additions, does GPacket have more positive prospects in store for the rest of the year?
The key question now is whether GPacket is able to sustain this rate, which at the moment is highly unlikely given the rapidly changing and increasingly competitive landscape.
Not only have the big three telcos stepped up their efforts to jostle for broadband market share, but the entry of YTL Comm into the fray has thrown up GPacket’s first head to head competitor.
While most have lauded Yes 4G’s competitive rates, GPacket has worked to keep its own rates down.
However, while there might be some impact on revenue, it is compensated by the growth of the subscriber base, which at the moment is still growing.
GPacket would like to ride on the bandwagon of high nomadic broadband growth ny focusing its strategies and resources to capture more nomadic users.
Despite its rapid growth, the fact still remains that P1 has not yet broken even and GPacket has been loss making for the past two years. Even more importantly, for 3QFY2010, Gpacket saw negative net cash of rm86.6 million for operating activities which is higher than the previous year. Its cash and cash balances for the period stood at rm146 million.
The negative operating cash flow as one of the main reasons why investors remain wary of GPacket despite the rising adoption of mobile broadband.
The company performance is still that of a start up.
However, GPacket has indicated that it expects P1 to break even by the end of 2011 with a target subscriber base of 510000 by then.
In the meantime, it not only has its hands full with its current business, but is also pondering how to manage the new LTE spectrum – better known as 4G spectrum – that was awarded to it late 2010.
What’s NEXT! … dated Jan 2011
Green Packet Bhd is on track to be EBITDA (earnings before interest, tax, depreciation and amortisation) positive by 2011, especially since it has achieved its milestone subscriber base of 280,000.
The company has been registering lower EBITDA losses for the past three consecutive quarters on the back of a growing subscriber base and revenue contribution. Average revenue per user is approximately RM80.
Green Packet will reveal more details on its break-even levels when it announces its full year results to Dec 31, 2010 in Feb 2011.
Green Packet's subsidiary, Packet One Networks (Malaysia) Sdn Bhd (P1) has increased its subscriber base by approximately 60,000 subscribers in the last quarter of 2010, thus surpassing the important milestone of 280,000 subscribers for its P1 4G broadband service.
The 60,000 subscribers in the fourth quarter is the highest net add per quarter in P1's history, the second highest being 43,000 in the fourth quarter of 2009 as a result of the highly effective but controversial “Sudah Potong?”
Meanwhile in a move to increase broadband coverage to 52 per cent in West Malaysia and enhance capacity, Packet One Networks (M) Sdn Bhd (P1) is investing RM200 million this year to further boost its services.
Currently, P1 has 45 per cent coverage in West Malaysia .
P1's partnership with Korea-based SK Telecom (SKT) since June 2010, to enhance its network and operations in the 4G broadband business, had further contributed and strengthened the company's growth.
SKT, Korea 's largest national mobile telecommunication company has invested US$100 million in P1 for a 25.8 per cent equity, to become its second largest stakeholder after Green Packet.
P1, with its Korean business partner, achieved a new milestone in 4G wireless broadband by securing 280,000 subcribers to date.
P1-SKT partnership is to accelerate P1's 4G deployment to 65 per cent of the Malaysian population by 2012.
Besides SKI, Intel is another P1 investor that invested RM50 million in 2008, to work together to deploy Malaysia 's first nationwide WiMAX network.
Meanwhile having achieved the best quarter it has seen in terms of subscriber additions, does GPacket have more positive prospects in store for the rest of the year?
The key question now is whether GPacket is able to sustain this rate, which at the moment is highly unlikely given the rapidly changing and increasingly competitive landscape.
Not only have the big three telcos stepped up their efforts to jostle for broadband market share, but the entry of YTL Comm into the fray has thrown up GPacket’s first head to head competitor.
While most have lauded Yes 4G’s competitive rates, GPacket has worked to keep its own rates down.
However, while there might be some impact on revenue, it is compensated by the growth of the subscriber base, which at the moment is still growing.
GPacket would like to ride on the bandwagon of high nomadic broadband growth ny focusing its strategies and resources to capture more nomadic users.
Despite its rapid growth, the fact still remains that P1 has not yet broken even and GPacket has been loss making for the past two years. Even more importantly, for 3QFY2010, Gpacket saw negative net cash of rm86.6 million for operating activities which is higher than the previous year. Its cash and cash balances for the period stood at rm146 million.
The negative operating cash flow as one of the main reasons why investors remain wary of GPacket despite the rising adoption of mobile broadband.
The company performance is still that of a start up.
However, GPacket has indicated that it expects P1 to break even by the end of 2011 with a target subscriber base of 510000 by then.
In the meantime, it not only has its hands full with its current business, but is also pondering how to manage the new LTE spectrum – better known as 4G spectrum – that was awarded to it late 2010.
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