Reports » Malaysia

Malaysia stock market and companies daily report (February 10, 2012)

Property developer Dijaya Corporation is targeting to launch properties this year worth a total gross development value (GDV) of RM1.1 billion, with potential sales of up to RM700 million. Property developer Hua Yang (HY) is setting aside RM100 million to expand its landbank for its financial year ending 31 March 2013. Exchange operator Bursa Malaysia reported a 15.1% gain in operating revenue for the full year ended 31 December 2011, while profit attributable to shareholders jumped a higher 29.3% to RM146.2 million.

Malaysia stock market and companies daily report (February 09, 2012)

Axiata Group had planned for a RM4 billion to RM5 billion capital expenditure (CAPEX) in its current financial year ending 31 December 2012 to upgrade their existing infrastructure to support data services (especially in Indonesia). Malaysian Resources Corporation (MRC), a property development and investment company, had recently announcement a 13.6% increase in revenues from RM1.1 billion to RM1.2 billion, with net profit registering RM91.9 million, an increase of 24.6% from RM73.8 million for the financial year ending 31 December 2011.

Malaysia stock market and companies daily report (February 08, 2012)

The local oil and gas industry is expected to fare better in 2012, with the development of marginal oilfields and enhanced oil recovery (EOR) likely to continue and given due attention. Internet-based applications and solutions provider, The Media Shoppe (TMS) and systems integrator and solutions provider for automated revenue collection in the transportation and electronic purse sectors, Hopetech are expected to be jointly awarded a RM21 million contract to design, supply and commission passenger information and closed-circuit television systems for KTM. According to Green Ocean Corp’s president and managing director McKin Lee Byoung Jin, the company is expected to start commercial production of its NoveLin cooking oil in April as it was finalising a deal with two conglomerates for the exclusive supply of NoveLin for 20 years, since 2009.

Malaysia stock market and companies daily report (February 07, 2012)

Plastic packaging material producers expect the demand for their products to rise this year as a result of stable raw material prices stemming from additional plastic resin supply capacity and the softening market in China. Eastern & Oriental (E&O), a Penang-based property developer, is forging ahead to build a wellness-themed township named Medini Integrated Wellness Capital which consist of a residential and commercial site under two main portions – the Medini Estate and Medini Sanctuary. According to sources from the Star Online, ACE market-listed Digistar Corp will make an application to the Securities Commission for its migration to the Main Market before its results are released at the end of this month.

Malaysia stock market and companies daily report (February 06, 2012)

Fraser & Neave Holdings’ (F&N) earnings fell by RM65.3 million (61%) to RM41.7 million, in the first quarter of FY12 as compared to the previous corresponding period, mainly due to the loss of the Coca-Cola business and operating losses arising from the Thailand floods last year. Wah Seong Corporation (Wah Seong), is diversifying its business upstream to plant oil palms in West Africa as it is already in the business of supplying boilers, steam turbine and oil room centrifuges to palm oil millers locally and overseas including Africa. Hong Leong Investment Bank (HLIB), which is in the process of merging with MIMB Investment Bank to boost its retail and institutional businesses, plans to grow its regional presence.

Malaysia stock market and companies daily report (February 03, 2012)

Malaysia Building Society’s (MBS) FY11 profit before taxation and zakat doubled to RM428.2 million from RM207.4 million in FY10 mainly due to strong retail loan growth. Muhibbah Engineering (ME), a company whose core business is in marine construction, saw its shares surged 13.7%, or 17 sen, to RM1.41 yesterday on renewed hopes that the construction firm will stand a better chance to evade a RM300 million write-off from its works in the troubled Asia Petroleum Hub (APH) in Johor. According to AirAsia group chief executive officer Tan Sri Tony Fernandes, the recent lawsuit filed by the Australian Competition and Consumer Commission (ACCC) against AirAsia X in Australia will not have an impact on its sales.

Malaysia stock market and companies daily report (February 02, 2012)

Tenaga Nasional (TN) and Petroliam Nasional (Petronas) are investing RM2 billion in a 300 MW gas plant and liquefied natural gas (LNG) terminal in Sabah. The country’s biggest automotive company, DRB-HICOM saw its share price close at its highest level in nearly nine years at RM2.83 a share, after CIMB and RHB Research placed an outperform rating on the company, valuing the company at RM4.60 and RM3.45 respectively. MNC Wireless (MNCW) had recently announced that the group expects to be profitable in this current financial year, the first in six years.

Malaysia stock market and companies daily report (February 01, 2012)

Malaysia International Trade and Industry Minister Datuk Mustapa Mohamed and Australia Trade Minister Dr Craig Emerson had agreed that free trade agreement (FTA) talks are expected to be completed by March with May being offered as the date where the contract will be signed. China Stationary (CS), an integrated plastic stationary company, is preparing to list on Bursa Malaysia in its bid to raise RM85.5 million from its initial public offering (IPO). The funds raised from the IPO will allow CS to take upon expansionary measures for continuous growth.

Malaysia stock market and companies daily report (January 30, 2012)

Sime Darby (SD), a traditional palm oil plantation, property, motors, industrial equipment, energy & utilities and healthcare company, have decided to enter into the rubber plantation business – an move cheered on by analysts for its long term prospect. SD’s entry into the rubber plantation business will be through an acquisition. GAS Malaysia (GasM), a subsidiary of MMC Corp, is expected to sign a gas sales agreement (GSA) with Petroliam Nasional (Petronas) early next month. According to an analyst, the gas price under the new GSA is expected to remain the same at RM14.05 per million British Thermal Units (mmBTU) as the price has been revised upwards from RM11.05 mmBTU as of June last year.

Malaysia stock market and companies daily report (January 27, 2012)

Airport operator Malaysia Airports Holdings (MAH) is optimistic of achieving 6% to 7% growth this year after a sterling 10% growth in passenger traffic last year, despite growing concerns of an economic slowdown. Malaysia Airlines (MAS) and Australian carrier Qantas are mulling over a joint venture to set up a premium airline based in Kuala Lumpur to give a competitive boost to both airlines, according to industry sources. KNM Group (KNM) closed at a nine-week high to RM1.10 yesterday after announcing on Wednesday that it is concluding its RM120 million (GBP25 million) purchase of UK-based Poplar Investments via its wholly-owned subsidiary KMK Power.

Malaysia stock market and companies daily report (January 26, 2012)

Hunza Properties (Hunza), a property development and investment company, had recently announced their plans to launch RM650 million worth of residential properties in Kepala Batas in Seberang Prai and Tanjung Bungah on Penang island in the second half of this year. Genting, the investment holding and management company of Genting Group, had recently entered into a sales and purchase agreement with Australia’s AWE, to sell two of its Indonesian oil blocks. Khazanah Nasional (Khazanah) plans to have a primary and secondary listing of its healthcare arm Integrated Healthcare Holdings (IHH), potentially in Malaysia and Singapore respectively, sometime in the third or fourth quarter this year.

Malaysia stock market and companies daily report (January 25, 2012)

In the first year of implementation of the Government’s Palm Oil National Key Economic Area (NKEA), the key performance indicators of eight entry-point projects (EPPs) achieved its target set in 2011. Director–general Datuk Dr Choo Yuen May of Malaysian Palm Oil Board (MPOB) said that about 10 activities under the EPPs had achieved or exceeded its target. CapitaMalls Malaysia Trust’s (CMMT) 4Q11 posted higher revenues of RM52.8 million, an increase of 23.2% from RM43.2 million from the previous corresponding period.

Malaysia stock market and companies daily report (January 20, 2012)

According to Plantation Industries and Commodities Minister Tan Sri Bernard Dompok, Malaysia is expected to post record high palm oil exports this year, possibly touching RM85 billion as palm oil prices are likely to go on trading at strong levels. DiGi.Com (DiGi) reported RM1.25 billion net profit for the year ended 31 Dec-11, up 6% from RM1.2 billion in the previous year on the back of a 10% jump in revenue to RM6 billion from RM5.4 billion. For 4Q11, DiGi’s net profit increased 18.7% to RM394.2 million while revenue increased 8.1% to RM1.6 billion.

Malaysia stock market and companies daily report (January 19, 2012)

The consumer price index (CPI), or commonly known as an inflation measure, had gained 3% in Dec-11 as compared to Dec-10 a year earlier. Data released by the Statistics Department has also showed inflation for the year rose 3.2% as compared to 2010. Land & General (L&G), a company which principally engages in the property investment and development business, is expected to increase its landbank in prime locations. According to L&G’s managing director Low Gay Teck, the prime locations are areas within the Klang Valley, Johor and Selangor, with an eye on Penang.

Malaysia stock market and companies daily report (January 18, 2012)

Tenaga Nasional (TN) reported a net loss of RM224.7 million in its first quarter to Nov-11 compared to a net profit of RM716.5 million during the quarter ended Nov-10 due to the shortage of gas and had to rely on more expensive oil and distillates to generate electricity. AMMB Holdings (AMMB) has inked an agreement with its biggest shareholder, Australia and New Zealand Banking Group (ANZ), to work together in 27 countries. Sarawak Energy (SE) will start construction of a 600MW coal-fired power station in Balingian, Mukah Division as well as commence development of a 500kV transmission network from Bintulu to Kuching this year.

Malaysia stock market and companies daily report (January 17, 2012)

According to HwangDBS Vickers Research, Iskandar Malaysia is set to reach its critical phase as key infrastructure improvements and developments are completed in the next 24 months. DRB-HICOM (DRBH), whose principal activities are in the automotive, services and property & infrastructure sectors, have successfully won the bid for Khazanah Nasional’s (KN) 42.7% stake in Proton Holdings (Proton) for RM5.50 a share or RM1.29 billion. IOI Corp (IOI), the second largest palm oil producer and top three developer in Malaysia by market capitalisation, was the highest bidder for the condominium project in Jalan Lempeng, Singapore. IOI’s bid was tabled by its wholly owned subsidiary Multi Wealth (Singapore), whose tender price was at RM988 million ($408 million).

Malaysia stock market and companies daily report (January 16, 2012)

Malaysian real estate investment trust (M-REITs) Managers Association chairman Stewart Labrooy noted that the M-REIT sector will face slower growth and competition for tenants as an oversupply situation emerges in the office market leading to lower rental yields, compounded with the gloomy global economic and financial fronts in the United States and the Eurozone. Prestariang is aiming to triple its market worth to RM500 million by 2015 as part of its efforts to reward shareholders, consolidate its position as one of the country’s top information, communications and technology (ICT) companies. Can-One will likely take control of a 32.9%-stake in Kian Joo Can Factory (Kian Joo) by this week according to people familiar with the matter.

Malaysia stock market and companies daily report (January 13, 2011)

Malaysia, currently the fourth largest natural rubber producer in the world, is now targeting India’s vibrant and saturated automotive industry as the destination for their rubber automotive parts. MBM Resources’ (MBM) new RM103 million alloy wheel manufacturing plant in Rawang, OMI Alloy (M), is expected to generate about RM150 million in annual turnover when the facility is fully operational in 4Q15. Telekom Malaysia (TM) expressed interest for the first time to be part of the digital terrestrial television broadcasting (DTTB) in the country.

Malaysia stock market and companies daily report (January 12, 2012)

A sharp fall in export growth figures was experienced in Nov-11 after three consecutive months of double-digit growth. The growth in export figures for the past three months registered 10.9%, 16.6% and 15.8% for Aug, Sep and Oct-11 respectively. RHB Capital (RHBCap), the country’s fifth largest banking group, is awaiting for approval from Bank Negara Malaysia (BNM) for its proposed acquisition of OSK Holdings (OSK) investment banking business. Supermax Corporation (Supermax), an international manufacturer, distributor and marketer of high quality medical gloves, is projecting sales grow to hit 20% to 30% this year.

Malaysia stock market and companies daily report (January 11, 2012)

CIMB Group Holdings (CIMB) is likely to venture into the Philippines after inking a deal to buy 60%-stake in the Philippines’ Bank of Commerce (BOC) end of this month as valuations are still being worked out. The world’s largest rubber glove maker, Top Glove Corp (Top Glove), aims to double its net profit and revenue exceeding RM5 billion in the next five years. Poh Kong Holdings (Poh Kong), is expecting to deliver another record revenue in the current financial year, boosted by continued high demand for gold globally.

Malaysia stock market and companies daily report (January 09, 2012)

While it is highly expected that new car sales may experience slower growth, carmakers are not standing idly by the side as they are getting themselves ready to penetrate the Asean market. Gamuda-MMC, a joint venture between Gamuda and MMC Corp, is deemed to be at a pole position to win the contract for the Singapore-JB Tunnel Project. Can-One, a manufacturer of metal, plastic and diary products, is likely to set up a special purpose vehicle to merge the company with Kian Joo Can Factory (KJCF) after a positive outcome from the Federal Court.

Malaysia stock market and companies daily report (January 06, 2012)

Executive chairman and group managing director Datuk A.K. Nathan announced that Eversendai Corp (Eversendai) is bidding for jobs worth a total of RM12 billion, which include both infrastructure and building of iconic projects worldwide and expects a 20% success rate for these bids. The US government via the New York State Urban Development Corp (NYSUDC) has invited Genting Malaysia’s wholly-owned subsidiary, Genting New York LLC, to build a convention and exhibition centre via a non-binding letter of intent. 

Malaysia stock market and companies daily report (January 05, 2012)

Oxford Business Group (OBG), a global publishing and consultancy company, had recently announced that it expects Malaysia to give another strong performance this year while experiencing some impact from the European debt crisis. Petroliam Nasional (Petronas), Malaysia’s national oil company, is preparing to hand out more contracts this year and commence mega projects, according to HwangDBS Vickers Research (HwangDBS). This will set the tone for the oil and gas (O&G) industry for the near future, especially with Petronas implementing its RM300 billion five-year capital expenditure plan.

Malaysia stock market and companies daily report (January 04, 2012)

This year, Seacera Group (Seacera) intends to commence a 500-acre mixed development project in Ulu Langat, Selangor with a gross development value (GDV) of RM2 billion that will span over 10 to 15 years. Seacera owns 113 acres of the 500 acres, which was acquired for RM27 million, while the rest is owned in a 78:22 joint venture with Duta Skyline. Manufacturer of commercial dye and knit fabric, and supplier of chemicals, Maxbiz Corp (Maxbiz) has received two contract awards worth a combined RM515 million.

Malaysia stock market and companies daily report (January 03, 2012)

Telekom Malaysia (TM) has plans to spend up to RM3 billion in capital expenditure (CAPEX) this year to expand its high speed broadband (HSBB) coverage to more areas, offering internet access beyond homes and offices via WiFi hotspot. TRC Synergy (TRC), a construction and property development company, is expected to be perform outstandingly well this year with the progress on the RM950 million project of Kelana LRT extension regaining momentum, an investment bank said. 

Malaysia stock market and companies daily report (December 30, 2011)

Malaysia’s economy expanded 5.8% in 3Q11 versus 5.3% last year, driven largely by domestic demand. Many analysts note that Malaysia’s growth next year could be led by continuous domestic investment and demand despite the expected bigger challenges due to the effects of the global economic slowdown. Faber Group (Faber) reported yesterday that its wholly-owned unit, Faber Mediserve and two others, Pantai Medivest and Radicare (M), may get a ten-year extension of their concessions to provide services such as laundry, cleaning, and clinical waste management to government hospitals.

Malaysia stock market and companies daily report (December 29, 2011)

Under the National Key Economic Area (NKEA), the Malaysian Rubber Board (MRB) expects some RM275 million to be slated for commodities investment, which mainly involves replanting and new planting of new rubber trees nationwide. Magna Prima (MP), a niche developer of integrated lifestyle themed projects, has plans to develop high-end property in Jalan Ampang, Kuala Lumpur and Jalan Gasing, Petaling Jaya. In combination, the two development properties have an estimated gross development value (GDV) of more than RM1.6 billion.

Malaysia stock market and companies daily report (December 28, 2011)

Boustead Holdings (Boustead), the Malaysian plantations, engineering and financial services group, is still keen on buying Exxon Mobil Corp’s oil and gas assets in the South-east Asian nation if San Miguel Corp’s planned acquisition falls through, according to group managing director Lodin Wok Kamaruddin. Metrod Holdings (Metrod) will gain RM74.5 million after selling its European units, ASTA Holdings GmbH and ASTA Elektrodraht GmbH for a total of RM202.2 million (49 million euros) after entering a notarial deed agreement with GEP II Beteiligungs.

Malaysia stock market and companies daily report (December 27, 2011)

Retail sales are expected to grow by 6% in 2012 which amounts to RM86.9 billion, capping the slowest growth rate since 2010. Previously, Malaysia experienced 8.4% of retail growth in 2010 with this year’s estimate expected to top 6.5%. Yinson Holding (YH), Malaysia’s integrated offshore services provider, had recently registered revenue growth of 12.4% to RM549.9 million from RM489 million and NPAT growth of 78% to RM20.6 million from RM11.6 million in the nine months ended 31 Oct-11.

Malaysia stock market and companies daily report (December 23, 2011)

Muhibbah Engineering (M) (Muhibbah) announced its 50:50 joint venture with Monadelphous Group has won a RM1.05 billion contract in Australia. Boustead Holdings (Boustead) is doubling its capital expenditure of RM1.4 billion for next year compared to the RM500mil spent this year. Kulim (Malaysia) shareholders yesterday gave the go-ahead for the company to buy six parcels of oil palm plantation land with total land area of 13,687 hectares and two palm oil mills in Johor for RM700 million cash from Johor Corporation​ (JCorp), boding well for Kulim’s outlook.

Malaysia stock market and companies daily report (December 22, 2011)

Malaysia’s consumer price index (CPI) grew slightly from 104.0 in Oct-11 to 104.1 in Nov-11, as Bank Negara​ left borrowing costs unchanged to deal with the spillover effects from the debt debacle in Europe. The central bank had in its most recent statement on 11 Nov-11, stated that weaker global economic outlook is expected which may potentially affect the country’s growth prospect. LBS Bina Group (LBS) is upbeat on achieving RM800 million sales target despite a challenging year ahead.

Malaysia stock market and companies daily report (December 21, 2011)

Boustead Holdings, a conglomerate with businesses spanning across plantation, pharmaceutical, heavy industries etc, is considering to bring its unit Boustead Heavy Industries Corporation (BHIC) private. Amid talk of AirAsia X’s potential withdrawal of its services to Paris, London, Mumbai and Delhi due to various reasons such as visa restrictions and additional airport fees in India, OSK Research (OSK) pointed out that Malaysia Airlines (MAS) could benefit from the higher air fares fetched with the exit of its direct long-haul low-cost competitor.

Malaysia stock market and companies daily report (December 20, 2011)

The services sector is said to be the main contributor to Malaysia’s planned economic progression to become a developed nation by 2020. The traditionally manufacturing-intensive country had looked towards developed countries and found that for the latter, it is their services sector – and not the manufacturing sector – which is the main contributor of growth. Sunway, together with Khazanah Nasional​ in a joint venture, has expanded its landbank in Johor with the acquisition of two parcels of leased land worth RM745.3 million, with an estimated gross development value (GDV) of RM12 billion. The 276.4 hectare land located in Zone F Medini is in the heart of Iskandar Malaysia.

Malaysia stock market and companies daily report (December 19, 2011)

Bursa Malaysia (Bursa) chief executive officer (CEO) Datuk Tajuddin Atan noted that Bursa is likely to keep up its recent trend of drawing over 20 initial public offerings (IPOs) a year, although the market is expected to turn soft in 2012. 2011 is set to end with 28 new listings, just one short of last year’s 29. The world’s largest rubber glove manufacturer Top Glove recently reported a 12.8% drop in its 1Q12 earnings to RM31.4 million from RM36 million a year ago. The deteriorated bottom line was caused by higher raw material prices and the oversupply situation in the glove industry.

Malaysia stock market and companies daily report (December 16, 2011)

Thailand, Indonesia and Malaysia aim to launch a regional rubber market to set realistic prices and cushion farmers from volatility in futures prices at the annual meeting of the International Rubber Consortium (IRCo), which brings together rubber industry officials, exporters and government officials from the three Southeast Asian countries. Sapura Kencana Petroleum (Sapura Kencana) is expected to grow at a compounded annual growth rate of 15% to 20%, following the RM11.9 billion merger between Kencana Petroleum and SapuraCrest Petroleum, to be completed in February next year.

Malaysia stock market and companies daily report (December 15, 2011)

Sime Darby​ Industrial (SDI), the industrial division of Sime Darby, has bought mining machineries distribution business from Caterpillar (CAT) in a deal valued at RM1.1 billion (US$360 million). The acquisition price includes a portion of the former Bucyrus International​ distribution business and the SDI CAT dealerships operated by Hasting Deering (SDI’s principal Australian subsidiary). Johor Corp (JCorp) and private equity fund CVC Capital Partners Asia Pacific (CVC) are offering to acquire QSR Brands (QSR) and KFC Holdings Malaysia (KFC).

Malaysia stock market and companies daily report (December 14, 2011)

Malaysia is expected to be the world’s largest sukuk market for the second year running in 2012, as government projects under the Economic Transformation Programme (ETP) drives up demand for financing. According to HSBC Amanah chief executive officer Rafe Haneef, the Malaysian sukuk market had its best year since 2002 with over 60% of total global sukuk issuance coming from the country. Tenaga Nasional (TN), the largest utility company in Malaysia, is planning to tap into the open market to purchase gas for power generation to address its shortfall.

Malaysia stock market and companies daily report (December 13, 2011)

Malaysia’s exports posted a better-than-expected growth in Oct-11, surging by 15.8% to RM63.6 billion from RM54.9 billion over the previous corresponding period, the highest monthly exports ever registered. Out of the 15.8% growth (or RM8.7 billion), export of gas contributed RM2.4 billion, while exports of fixed vegetable oils and petroleum, petroleum products and related materials each contributed RM1.9 billion, totalling RM6.2 billion or 71.9% of total increase, year-on-year. SapuraCrest Kencana Petroleum (SKP), the proposed merged entity between two of Malaysia’s largest oil and gas companies is set to become top 4th oil and gas players globally after its RM11.85 billion merger.

Malaysia stock market and companies daily report (December 12, 2011)

The Financial Times reported that an Organisation for Economic Co-operation and Development (OECD) report scheduled to be released this month will indicated that markets and governments will face an uphill struggle to fund themselves next year amid extreme uncertainty over the euro zone and the global economy. Ta Ann Holdings (TA), a resource-based company location in Sarawak, Malaysia is currently looking toward Papua New Guinea (PNG) as a preferred location to expand its oil palm plantation. The expansion plans came on the back of good results for its oil palm business together diminishing unutilised land bank.

Malaysia stock market and companies daily report (December 09, 2011)

Malaysia was, in the most recent foreign direct investment (FDI) Confidence Index study conducted by global management consultant A.T. Kearney, being listed as the 10th most attractive destination. The study, which takes into accounts the opinions of more than 200 executives from 27 countries and 17 industry sectors, had previously listed Malaysia at the 21st spot. For its financial year ended 31 Oct-11, SP Setia posted a 30% year-on-year jump in net profit to RM328 million on the back of a 27.9% increase in revenue to RM2.2 billion attributed to higher selling prices for new launches and the stabilisation in the prices of construction materials.