Showing posts with label POS. Show all posts
Showing posts with label POS. Show all posts
Friday, October 14, 2011
POS
Should the government relax the restrictions on the use of land that the Federal Land Commission (FLC) has given to Pos Malaysia, the redevelopment of some of the land could probably earn the group hefty gains. However, all this is dependent on the (amendment of) the Postal Land Act. Thus far, there have been no updates on the proposed amendment to the Act which would allow additional non-post-related services to be carried out on the land. If the amendments are revised favourably in terms of land use, Pos Malaysia’s valuation would increase.
Sunday, August 14, 2011
JIT News - POS,Ramunia,MEGB,Star,MBSB,IGB/KrissAssets .... 21/2/2011
POS: Khazanah has entered into the second stage of the divestment process of its 32.21% stake in POS, starting with the restricted tender process for bidders.
DRB-Hicom,SapCrest,Ekuinas,Scomi Group,Konsortium …
Ramunia is in talks with Coral Allinace Sdn Bhd (Linked to BLD) – believed to be linked to Tengku Ibrahim Petra and Robert Lee, former director of Petra Energy Bhd – for a possible synergistic tie up or even an acquisition of the latter … through the issuance of shares. A JV or an acquisition of Coral Alliance by Ramunia will benefit the latter as Coral Alliance is said to be the fronrunner for a hook up and topside maintenance contract from Petronas.
MEGB: Masterskill Education Group Bhd group chief executive officer Datuk Seri Edmund Santhara is considering to up his stake in the group. Anything below RM2 doesn't justify keeping the company listed.
AHB: Speculation that AHB is bringing in a financially strong white knight to implement the compensation scheme the next course of action that the minorities shareholders have in mind.
Star: Star Publications’ cash pile will shrink substantially after paying the hefty special dividend that it declared in Oct 2010. There has been market talk Star is likely to raise rm600 million to rm700 million.
MBSB: The rights issue proposed by MBSB means its major shareholders, the EPF is prepared to pump in more money into MBSB. That being the case, it would to a large extent halt speculation that the EPF is divesting its stake in MBSB. Such speculation should not come as a surprise as the EPF controlled MBSB has improve its performance in recent years. But with further upside anticipated, why would the EPF want to sell a stake in MBSB at this juncture?
IGB/KrisAssets: IGB is a big winner in this deal than its 2 75% owned subsidiary KrisAssets. The reasoning is that IGB is unlocking the value of its asset and will be cash rich with the proposed sale. Essentially, IGB is transferring the weight of the Gardens Mall off its balance sheet to KrisAssets. The proceeds would also come in handy to speed up the group’s asset acquisition or expansion plan – where it has been fairly quiet over the past few years – apart from fuelling investor expectations of a bumper dividend. IGB will still have exposure to the steadily growing cash flow of Gardens Mall via its 75% stake in KrisAssets.
DRB-Hicom,SapCrest,Ekuinas,Scomi Group,Konsortium …
Ramunia is in talks with Coral Allinace Sdn Bhd (Linked to BLD) – believed to be linked to Tengku Ibrahim Petra and Robert Lee, former director of Petra Energy Bhd – for a possible synergistic tie up or even an acquisition of the latter … through the issuance of shares. A JV or an acquisition of Coral Alliance by Ramunia will benefit the latter as Coral Alliance is said to be the fronrunner for a hook up and topside maintenance contract from Petronas.
MEGB: Masterskill Education Group Bhd group chief executive officer Datuk Seri Edmund Santhara is considering to up his stake in the group. Anything below RM2 doesn't justify keeping the company listed.
AHB: Speculation that AHB is bringing in a financially strong white knight to implement the compensation scheme the next course of action that the minorities shareholders have in mind.
Star: Star Publications’ cash pile will shrink substantially after paying the hefty special dividend that it declared in Oct 2010. There has been market talk Star is likely to raise rm600 million to rm700 million.
MBSB: The rights issue proposed by MBSB means its major shareholders, the EPF is prepared to pump in more money into MBSB. That being the case, it would to a large extent halt speculation that the EPF is divesting its stake in MBSB. Such speculation should not come as a surprise as the EPF controlled MBSB has improve its performance in recent years. But with further upside anticipated, why would the EPF want to sell a stake in MBSB at this juncture?
IGB/KrisAssets: IGB is a big winner in this deal than its 2 75% owned subsidiary KrisAssets. The reasoning is that IGB is unlocking the value of its asset and will be cash rich with the proposed sale. Essentially, IGB is transferring the weight of the Gardens Mall off its balance sheet to KrisAssets. The proceeds would also come in handy to speed up the group’s asset acquisition or expansion plan – where it has been fairly quiet over the past few years – apart from fuelling investor expectations of a bumper dividend. IGB will still have exposure to the steadily growing cash flow of Gardens Mall via its 75% stake in KrisAssets.
Tuesday, August 9, 2011
JIT News - POS,Latexx,AMMB.. 16/2/2011
POS : Sources say the deal would likely be completed before the Invest Malaysia 2011 conference that was scheduled to begin on April 2011 in Kuala Lumpur .
DRB-Hicom,SapRes,Knosortium,Ekuinas, Scomi Marine.
Latexx : LTH has been agressively increasing its stake in Latexx. Since early Feb 2011, LTH has mopped up about 4.62 million shares in Latexx to 7.39%. Its acquisitions from the open market have been between rm2.83 – rm2.90. This meant that LTH is in a position to make arbitrage gains, as there is an offer by Navis and Mettiz Capital to acquire the entire business and undertakings including the entire assets and liabilities of Latexx for rm3.10 a share. This is a bit risky as it is not necessary for the company to pay the shareholders rm3.10 a share.
AMMB : The EPF has been accumulating shares in AMMB likely driven by expectations that it would post strong quarterly financial results. The pension fund owns a 12.93% stake in AMMB. AMMB is likely to announce its numbers within the next few days.
AMMB : 5.78 (OSK), 6.10 (UOB Kay Hian), 7.26 (RHB)
Sunday, August 7, 2011
JIT News - POS,Tenaga,Proton,MasterSkill,KNM,Dayang.. 19/1/2011
POS: Khazanah Nasional Bhd will invite bids from 17 Jan 2011 - 21 Jan 2011 for its stake in Pos Malaysia Bhd ... Rumours of the bidders are SapRes, Scomi Marine, DRB-Hicom, Konsortium, Ekuinas
POS: 3.17 (Inter Pacific), 3.80 (AMResearch), 3.66 (CIMB), 4.45 (OSK)
Tenaga is due to release its 1QFY11 results today 19/01/2011
Proton: Proton Holdings Bhd is in talks with CIMB bank and several others to secure loans and investments totalling 480mil (RM2.35bil) needed to turn around Group Lotus. It hopes to sign an agreement for the loan within Feb 2011 as they are in talks with several banks including our own banker CIMB.
Proton: 4.67 (MBB), 5.95 (CIMB), 4.60 (MIDF), 6.18 (OSK), 6.60 (HDBS), 6.00 (HLB), 6.10 (AMResearch), 5.20 (UOB Kay)
POS: 3.17 (Inter Pacific), 3.80 (AMResearch), 3.66 (CIMB), 4.45 (OSK)
Tenaga is due to release its 1QFY11 results today 19/01/2011
Proton: Proton Holdings Bhd is in talks with CIMB bank and several others to secure loans and investments totalling 480mil (RM2.35bil) needed to turn around Group Lotus. It hopes to sign an agreement for the loan within Feb 2011 as they are in talks with several banks including our own banker CIMB.
Proton: 4.67 (MBB), 5.95 (CIMB), 4.60 (MIDF), 6.18 (OSK), 6.60 (HDBS), 6.00 (HLB), 6.10 (AMResearch), 5.20 (UOB Kay)
MasterSkill: US-based SmallCap World Fund Inc reduced its shareholding in Masterskill Education Group Bhd to 5.48% after it disposed of 1.85 million shares on Jan 12 and 13 2011. The fund disposed of 1.55 million shares on Jan 12 and 300,000 shares the next day. After these transactions, SmallCap World Fund’s stake was reduced to 5.48% or 22.45 million shares. Recent filings showed that FMR LLC and FIL Ltd sold disposed of 2.42 million shares on Jan 6 and 1.33 million shares the next day, reducing its shareholding to 29.74 million shares or 7.26%.
KNM: It has received another 4 years’ extension until Feb 2015 for its term loan facility secured from Maybank. The loan’s principal outstanding as at Jan 7, 2011 was at rm351 million. The term loan should come as a relief to KNM, which has short and long term borrowings of rm1.06 billion as at Sept 2010. Its net gearing is at 0.43 times. Its cash and cash equivalents had also been reduced to rm296 million. Its job orders are increasing to rm4 billion.
KNM: 3.10 (MBB), 3.45 (AMREsearch), 3.50 (HDBS), 0.47 (Kenanga), 2.96 (OSK), 3.09 (RHB), 3.10 (MBB)
Dayang: It has fixed the issue price for its rights issue at rm1.10 per rights share.
Dayang: 3.40 (HDBS), 3.17 (ECM), 3.86 (RHB)
KNM: It has received another 4 years’ extension until Feb 2015 for its term loan facility secured from Maybank. The loan’s principal outstanding as at Jan 7, 2011 was at rm351 million. The term loan should come as a relief to KNM, which has short and long term borrowings of rm1.06 billion as at Sept 2010. Its net gearing is at 0.43 times. Its cash and cash equivalents had also been reduced to rm296 million. Its job orders are increasing to rm4 billion.
KNM: 3.10 (MBB), 3.45 (AMREsearch), 3.50 (HDBS), 0.47 (Kenanga), 2.96 (OSK), 3.09 (RHB), 3.10 (MBB)
Dayang: It has fixed the issue price for its rights issue at rm1.10 per rights share.
Dayang: 3.40 (HDBS), 3.17 (ECM), 3.86 (RHB)
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