Friday, 26 April 2013

1Q result may dampen sentiment for DiGi

As compare with maxis, digi only have net debt at RM 350 million while maxis total debt as high as RM 5.8 billion.

Wednesday, 24 April 2013

DiGi mulls business trust, pays 90% of net profit as dividend

PETALING JAYA: DiGi.Com Bhd, which recorded a net profit of RM328.6mil for the first quarter ended March 31, has confirmed it is currently working on setting up a business trust.

“We are working on it (business trust) now and it has not been concluded yet. It is a new framework and it will be the first business trust in Malaysia, so we are evaluating it,” DiGi chief executive officer Henrik Clausen (pic) told StarBiz yesterday.

Asked if DiGi would set up its business trust this year, Clausen said the trust was a new concept and DiGi was working on it without committing to a timeline.

Business trusts are business enterprises set up as a trust structure, managed by a trustee-manager which holds the assets on trust for unit-holders of the business trust. It has hybrid structures with elements of both a company and a trust. Business enterprises with stable growth and cash flow may now consider business trusts as an alternative structure to raise capital through initial public offerings in Malaysia.

The telecom company's revenue in the first quarter ended March 31 rose to RM1.64bil against RM1.56bil a year ago, driven by increased data usage, from a larger mobile Internet subscriber base of 5.8 million and higher sales of smart devices. Its earnings per share rose to 4.23 sen in the second quarter against 4.12 sen a year a go.

“We are on track for our 2013 guidance of 5%-7% revenue growth. Our first quarter revenue grew 5% and we are sticking to our guidance,” Clausen said, adding that it had earlier guided that DiGi was looking at sustaining its earnings before interest, tax, depreciation and amortisation (EBITDA) and cash-flow margin at 2012 levels.

DiGi has also declared its first interim dividend of 3.8 sen, or RM295mil, translating into a 90% payout ratio.

“We are sticking to our guidance of distributing 80% of our net profit as minimum payout ratio. We are paying 90% in the first quarter. We have been consistent,” Clausen said when asked if shareholders could be getting a higher dividend this year.

Clausen said its growth would largely be driven by its initiatives to increase mobile Internet revenues. It is looking to launch its 4G LTE services by the end of the second quarter this year.

He said DiGi was currently modernising its network and expanding capacity to capture a bigger share of data revenues and grow its business in the long term. He added that DiGi had modernised 68% of its network and expanded 3G coverage to 68% of the population from 56% last year.

“In the third quarter, we will have a brand new network,” Clausen said. He explained that the network would be a single Radio Access Network which was capable of delivering multi-spectrum data solution on the 2G, 3G and 4G-LTE bands from a single base station site.

On top of that, DiGi has completed a 800 km joint fibre-optics built with Celcom Axiata Bhd.

In the first quarter, DiGi's total subscriber base was marginally lower at 10.73 million as it embarked on initiatives to drive quality subscribers through higher SIM pack pricing and streamlining of sales acquisition and also higher prepaid rotational churn.

Clausen said DiGi had embarked on initiatives to make people stay longer with the telco. “Our churn rate is at market level with postpaid of about 22% and prepaid of 60%-70%.”

Nevertheless, its mobile Internet subscription recorded a 1.8% quarter-on-quarter increase and 9.1% year-on-year. Its blended average revenue per user remained stable at RM47 in the first quarter.

AirAsia declared final dividend for financial year 2012


Tuesday, 23 April 2013

Malaysian REITs losing lustre

PETALING JAYA: Local real estate investment trusts' (REITs) allure for investors may be waning on a combination of factors, including lower returns due to REIT prices approaching target prices pegged by analysts.

Analysts said that while the industry's longer-term prospects remained positive, REITs were now downgraded to “neutral” as unit prices approached targets.

Maybank Investment Bank Bhd analyst Wong Wei Sum said the average gross yield for Malaysian REITs was a trough of 6.4% compared to 6.6% in January 2013 and 7.4% at January 2012.

She said in a report that investors might be adopting more aggressive strategies post-general election (GE) as some of them had used defensive strategies after close to two years.

“Investors may adopt a more aggressive approach for the property sector favouring the high-beta developers post-GE,” she added.

Other reasons for the change in weighting included competition from business trust and potential higher overnight policy rate (OPR) in the fourth quarter, which was expected to see a 25 basis-point hike in anticipation of a higher inflation rate, she said.

Meanwhile, two other analysts told StarBiz that OPR estimates by their respective research houses were maintained at healthy levels, which would not pressure the profitability of REITs.

Wong also said: “DiGi.Com Bhd, the third-largest telco in Malaysia, is mulling over setting up a business trust, we understand. If it were to materialise, DiGi's net dividend yield would be even more attractive than the current level of 5.3% (financial year 2014) and more competitive than large-cap Malaysian REITs' 4.4% (net yield).


She added that competition could also stem from asset-rich developers like WCT Bhd, Dijaya Corp Bhd and Malaysian Resources Corp Bhd to unlock their assets value through REITs.
A general view of Mid Valley City. Maybank Investment Bank has downgraded IGB REIT to ‘hold’ while it has a ‘buy’ call on CapitaMalls Malaysia Trust.

An Affin Investment Bank Bhd analyst said competition posed by business trust in the near term would be minimal as investors might need time to understand its structure.

An RHB Research analyst said REIT sponsors had to inject at least RM1bil worth of assets to the instruments to achieve decent viability and liquidity.

She said that judging from the current completed assets that some of the developers had, it might take them a few more years to grow the asset sizes before listing them as REITs.

Thus, she did not see stiff competition from the REIT universe in the near term while KLCC Stapled REIT, which was en route to be listed this year was already on investors' radar.

Nonetheless, she was also neutral on the sector.

“Having said that, we will not see a selldown and a steep decline in REIT prices as the sector remains a good dividend play backed by asset value. Besides that, interest rates in the region are considered low,” she said.

The Affin analyst said she maintained an “overweight” for the sector this quarter but might tweak her computation following the financial results REIT players would announce in the coming weeks.

She said yields from REITs had been compressed to historical low and might look to downgrade the sector.

Maybank Investment has, in the report, downgraded Pavilion REIT, KLCC Property Holdings Bhd, Sunway REIT and IGB REIT to “hold” while it had a “buy” call on CapitaMalls Malaysia Trust.

The analyst from RHB Research said the brokerage's top pick was Pavilion REIT due to its location, asset quality and long-term growth prospects.

“When the mass rapid transit is ready, the Golden Triangle (in Kuala Lumpur) will be more vibrant and its growth will be even more attractive,” she said.
 

DiGi Q1'13 result

Nothing excited from DiGi's Q1'13 result which is released this afternoon.  Just slightly better than Q1'12 and declared 3.8 cents interim dividend with payout ratio 90%.

Starbucks Half-Price Frappuccino Promotion


Monday, 22 April 2013

Waiting for DiGi Q1 result

Tomorrow DiGi is going to release Q1'13 report.  Hope they don't disappoint us for the first quarter result.

Refer to DiGi Quarterly Results Announcement Dates

MISC slides 13.4% after Petronas fails in takeover bid

KUALA LUMPUR: Shares of MISC Bhd fell as much as 13.4% in early trade on Monday after Petroliam Nasional Bhd failed in its takeover.

At 9.03am, MISC had fallen 71 sen to RM4.59 with 1.67 million shares done.

The FBM KLCI fell 3.58 points to 1,702.7. Turnover was 20.63 million shares valued at RM19.32mil. There were 51 gainers, 53 losers and 92 counters unchanged.

Last Friday, Petronas announced acceptance from shareholders amounted to 86.07%, or 3.93% short the 90% shareholding level to make the offer unconditional.

Petronas would return all MISC shares that had been transferred into Petronas' central depository system account to the respective shareholders within 14 days.

Petronas needed to achieve a 90% acceptance level for the offer to become unconditional, thereby paving the way for the stock's delisting. 

Thursday, 18 April 2013

东尼,请让人人有尊严地飞

12年前,丹斯里东尼费南达斯(Tony Fernandes)用27美分买下净负债1千100万美元的亚洲航空(Air Asia)时,所有人认为这做法疯得无可救药,可东尼仅用不到两年时间即扑灭所有批评声响,將这家濒临破產的航空公司改造成金光熠熠的传奇企业,“人人都 能飞"字句从此响彻云霄。

谁曾预料到,亚洲航空12年后会成为一家市值高达80亿令吉、航线遍佈亚洲的霸级航空公司?如此让人津津乐道的商业神话,恐怕自丹斯里林梧桐白手开闢云顶高原以来,再无后人能够谱写。

然而,正是由於故事至今如此经典,我才由衷相信亚航成就与服务水平落差不应如此巨大。

说起亚航,廉价机票自然是最大卖点,每当亚航推出促销机票,总是有许多人员愿意牺牲睡眠,守在电脑前等待晚上12时,抢先涉猎物超所值的超低价机票。

你確实兑现“人人都能飞"的承诺,可惜不是“人人都能有尊严地飞";有时侯,消费者甚至得牺牲权益和尊严,才能飞。

以我的经验来说,订购亚航机票得非常提心吊胆,从购票到起飞期间,最好別有丝毫差错(无论是自己或亚航的过错),这是由於亚航没有提供客服热线,遇到问题时只能用网络交谈或电邮方式寻求解决。

全面网络化?10年、20年后或许能够做到,但用在当今社会,除了亚航能减少运作成本,以及乘客备感为难外,实在看不出还有多大好处。

若乘客遇上问题急需解决,文字表达能力又不强呢?亚航一般会在5个工作日內回覆消费者电邮,但若有关问题仍无法解决,消费者与客服用电邮一来一往,是否要继续瞎耗5天又5天?试问航班是否愿意为了消费者迟飞5天?

至於网络直接交谈,则与买促销机票一样,消费者须耐心排队等待,一般要等上整个小时,客服才会接待,而且常会出现等待中页面需要刷新情况,待刷新后,又得重新排队了。

错误讯息误导

尤其在网络传输不稳的乡村小镇,网络客服交谈除了让你增添一肚子怒气,大多没甚么其他好结果,解决问题更是痴人说梦。

我曾接过亚航寄来的取消航班通知,於是依照电邮指示点击衔接网,欲查询可供选择的新航班,却不 小心確认新飞行日期,选上提前半个月起飞的新航班,最后在两家服务中心均自称只是经销商(Vendors)拒绝受理,以及电邮没回覆情况下被迫驱车前往近 百公里外的廉航机场(LCCT),才如愿更换航班。

原来有关班机只是重新编排(Re-schedule),並非电邮內注明的取消(Cancellation),发出错误讯息误导乘客,到头来乘客却得自行承担所有苦果,试问,消费者受到公平对待了吗?

同时,“经销商"对待乘客方式也非常不友善,甚至反指是我更改航班在先,才会接获亚航发出的取消航班通知,错不在亚航,庆幸电邮发送时间证明非我过失。

如此一试,让我终於领教亚航客服的傲慢,摆明“机票这么便宜,你还奢求甚么?"的姿態,也明白为何那些吃过客服暗亏的乘客如此忿忿难平。

记得有次东尼在马银行主办的投资者大会演讲时幽默说过:“当年沙斯流感横行,航空业一片愁云惨雾,亚航却透过`零机票’策略取得空前成功,这是由於我深信,大马人爱惜生命,但为了免费机票,人们却愿意把性命置於风险中。"

语毕,我如同其他听眾般哑然失笑,这就是东尼的幽默,但后来我认真思考这话,忧虑却不由自主浮出:若服务业者认定价格是消费者唯一考量因素,並秉持这种概念取得巨大成功,我们究竟该为服务业態度还是消费者本身感到悲哀?

面对来势汹汹、摆明要与亚航三分天下的马印航空(Malindo),东尼,你是会继续自信爆棚地坚守“价格决定一切"信念,还是重新评估消费者感受,检討现有服务素质,让本地乘客更有尊严地飞?(星洲日报/焦点评析:李三宇) 
 

Ultimate Tax Relief Guide for Malaysians

Below shows the Ultimate Tax Relief Guide for Malaysians [Infographic].

Source: http://www.imoney.my/articles/tax-relief-guide/

Hektar Asset Mgmt plans RM19m capex to refurbish Kedah malls

KUALA LUMPUR: Hektar Asset Management Sdn Bhd, the manager of Hektar REIT, will invest RM19mil to refurbish two of its malls in Kedah.

Its executive director and chief financial officer Zalila Mohd Toon said on Thursday the malls were Central Square and Landmark Central, which were recently acquired for RM181mil.

"We are going to prioritise the refurbishment of Central Square and RM19m have been allocated to upgrade the two malls," she said after Hektar's AGM. 
 

Wednesday, 17 April 2013

AirAsia Indonesia to go public in fourth quarter of 2013

MEDAN (Indonesia): AirAsia Indonesia plans to go public in the fourth quarter this year, its president director, Dharmadi, said.

"The company is now processing administrative requirements for the initial public offering," Indonesia's Antara quoted Dhatmadi as saying to newsmen late Tuesday.

He had earlier revealed the company's plan to open new direct routes from Medan, the capital of North Sumatra to various cities in the country and abroad.

He said the company plans to float 20 per cent of its shares in the Indonesia Stock Exchange and has already appointed the underwriters for the IPO.

"We hope the IPO will go well. AirAsia's performance has been good marked by increasing number of its passengers and new planes," he said.

AirAsia initially planned to conduct the IPO in the first quarter last year but it was delayed as it wanted to acquire Batavia Air.

It is optimistic that its earnings would increase in line with its increasing flights from various regions especially Medan.

"Medan is one of the important hubs for AirAsia," he said. - Bernama

Indian skies filling up



Thursday, 11 April 2013

AirAsia X to restart KL-New Delhi, KL-Mumbai routes

NEW DELHI: AirAsia X will re-start KL-New Delhi and KL-Mumbai routes soon, group chief executive officer Tan Sri Tony Fernandes said.

“AirAsia X will be re-starting routes to India very soon. KL-Bombay and KL-New Dehli are around the corner,” he wrote on social media site Facebook yesterday.

The long-haul budget airline axed flights to Mumbai and New Delhi on Jan 31 last year, citing high operating costs. Both routes were commenced in 2010.

The routes could serve as a feeder for its latest venture in India, given that domestic aviation rules did not permit new airlines to operate international routes for the first five years of operations.

The budget carrier has established AirAsia India, a 49:30:21 venture between AirAsia, Tata Sons and Telstra Tradeplace of Indian investor Arun Bhatia.

The airline, to be based in Chennai, will cater primarily to Tier-2 and Tier-3 cities.

Operations are expected to begin by year-end. - Bernama
 

Sakae Sushi Buy 1 Free 1 Tea Time Promotion


Tuesday, 9 April 2013

综合保健与大股东签豁免限制合约

(吉隆坡8日讯)综合保健(IHH,5225,主板贸服组)宣佈,该公司与大股东,包括美末阿里艾迪拉及相关人士签署一项豁免限制合约,以让后者能够以手持的公司股票,充当抵押以向金融机构取得信贷便利。

该公司文告指出,该公司与大股东-Pulau Memutik Ventures有限公司,MBK保健伙伴有限公司及美末阿里艾迪拉(Mehmet Ali Aydinlar)及后者相关人士等签署上述豁免限制合约。

根据原本志期2012年7月2日的公司招股书,美末阿里艾迪拉及相关人士在公司股票上市的一年后才可脱售股票。(星洲日报/財经) 
 

Sunday, 7 April 2013

亚航印度联营获准

(吉隆坡5日讯)亚洲航空(AirAsia,5099,主板贸服股)在印度成立联营航空———印度亚航的计划,于4月4日获得印度外资促进委员会(FIPB)的正式批准。

根据文告,在获得上述批准后,印度亚航将可向印度民航局申请飞行准证。

亚航连同塔塔有限公司(Tata Sons)和Telestra Tradeplace私人有限公司,在3月28日以联营方式设立印度亚航。

亚航、塔塔和Telestra Tradeplace将分别持股49%、30%和21%。各方期望可在4月内签署股权认购协议和股东协议,同时,亚航也将与印度亚航拟定品牌协议书。 
 

Thursday, 4 April 2013

本报探悉:提名日落421 5月5日投票

(槟城3日讯)可靠消息透露,第13届全国大选提名日将落在本月21日,而5月5日将是投票日。

消息向本报指出,从4月21日至5月5日,本届大选的竞选期将长达2个星期。这次大选竞选期长达2个星期,主要是为了让海外的选民也能通过邮寄方式投下手中的一票,这个程序比历届大选耗时。

消息说,这是因为海外选民邮寄选票的寄发与接收,需要较长的时间,这也是本届大选竞选期会长达2个星期的主要原因。首相是于周三上午11时30分在全国上下“望穿秋水”的期待下,宣布解散国会,以迎来万众期待的第13届全国大选。

最后限期为5月28日

根据联邦宪法的规定,选委会必须在国会解散60日之内,举行大选,无论如何,选委会在这之前已表明,选委会希望今次的大选能够同步举行,而随着森美兰州议会已于3月28日自动解散,因此,同步举行全国大选的最后限期为5月28日。

AirAsia India eyes international routes

NEW DELHI: The newly formed AirAsia-Tata Group joint venture (JV), AirAsia India, is keen to fly international routes and has drawn up plans to recruit pilots for its wide-bodied, long-haul aircraft, Mail Today reported.

It said although domestic aviation rules restrict new airlines from operating domestic routes for the first five years of their operations, AirAsia India has sounded the government that it wants to fly to major overseas destinations, including the Gulf, Europe, United States and several Southeast Asian countries.

"They (AirAsia) have ambitious plans and want to move forward fast. Sooner or later, we expect changes that could relax the norm of five years experience and 20 aircraft needed for any domestic airline to fly outside India," said a directorate general of civil aviation senior official.

AirAsia has began recruitment for its Indian operation, a joint venture with India’s Tata Group and Telestra Tradeplace.

The airline, to be based in Chennai, would cater primarily to Tier-2 and Tier-3 cities. Operations are expected to begin end of the year.-- Bernama

Read more: AirAsia India eyes international routeshttp://www.btimes.com.my/Current_News/BTIMES/articles/20130404134813/Article/#ixzz2PUwcPUVA

IHH at RM 3.77


Wednesday, 3 April 2013

AEON Member Monthly Specials Promotions


Parliament dissolved today

Finally, our PM announced to dissolve a long wait parliament at 11.30am by today.  But still don't know when is the date for GE.

Weird thing is this morning our KLCI drop as the lowest at 1632 points (i.e. -50), but closed with slightly green today.  How's market going to react tomorrow?  Hmmm...

AirAsia X to add 7 more planes

KUALA LUMPUR: AirAsia X Bhd expects to add seven more aircraft this year and next year, increasing its feet 18 planes. Currently, it has 11 planes.

"We would add seven more in 2014, and this would more than double our capacity without adding a single new country," said CEO Azran Osman-Rani at the MIDF Luncheon talk on Wednesday.

He said the planes would be the A300-330, with 377 seats configuration.

He said the long-haul carrier would not stretch itself thin again but instead add frequency to the bases the airline had created.

DiGi.com sees 143.8m shares traded off-market

KUALA LUMPUR: DiGi.com Bhd's 143.81 million shares were transacted in an off-market deal on Wednesday.

Stock market data showed the shares, accounting for a 1.849% stake, were traded at an average price of RM4.57 each. Its paid-up is 7.775 billion shares.

At 3.03pm, DiGi was up two sen to RM4.59.

The FBM KLCI was down 9.08 points to 1,675.92. Turnover was 965.62 million shares valued at RM1.91bil. Losers beat gainers 715 to 131.

DiGi's largest shareholder is Telenor ASA with 3.809 billion shares or 48% followed by the Employees Provident Fund Board with 1.225 billion units while Blackrock holds 87.23 million shares. 
 

Monday, 1 April 2013

McDonald's McDelivery FREE ITEMS COUPONS


April Fool

Time is flying fast.  1Q'13 is just past and now heading into 2Q'13.

Today is April Fool.  Luckily our PM didn't announced dissolve parliament, if not I think we all would think that it's just a fool.  Haha....

Happy April Fool!