Tuesday, 30 July 2013


Nothing to surprise with their quarterly report.  The result is within their expectation.
DY = 5.44% (based on today's closing price RM 1.26)

Friday, 26 July 2013

Ranhill Energy and Resources Bhd IPO withdrawn

KUALA LUMPUR: Ranhill Energy and Resources Bhd's initial public offer has been withdrawn and the monies for the IPO would be refunded to all applicants and investors.

The company's principal adviser Maybank Investment Bank said on Friday the board had decided to withdraw the application for the IPO that was submitted to the Securities Commission on Jan 14.

"The board will ensure that all application/placement monies for the IPO will be refunded to all applicants/investors without interest in a timely manner," Maybank IB said.

The IPO had involved up to 407 million shares in conjunction with the listing of and quotation for the entire 961.70 million shares on the Main Market of Bursa Malaysia Securities Bhd.

Meanwhile, Ranhill Energy and Resources said the Securities Commission had vide its letter dated July 26 (Friday), taken note of the board's decision and has notified that its approval granted via its letter dated June 11, had therefore lapsed.

It said the SC required Ranhill and Maybank IB to ensure all application/placement monies received from the applicants/investors were duly refunded in a timely and orderly manner.

The company also said Petroliam Nasional Bhd (Petronas) had agreed to uplift the suspension of Perunding Ranhill Worley Sdn Bhd (PRW) and/or any persons connected to PRW (including any body corporate which is associated with PRW's shareholders and/or directors and Worley Parsons Ltd) for the upstream activities, effective from July 25.

PRW is an affiliate of Ranhill.

However, for downstream activities, the suspension of the relevant persons as set out in the letter from Petronas dated July 17, remained unchanged.

Monday, 22 July 2013

DiGi business trust decision by year-end

SHAH ALAM: DiGi.Com Bhd will decide by year-end whether to proceed with the setting up a business trust, according to its chief executive officer, Henrik Clausen (pic).

“It’s a relatively new framework in Malaysia and we need to understand the implications of setting up a business trust, what are the true benefits are and what are some of the limitations that could be created if we implement it,” he told StarBiz.

The telecommunication services provider said in April this year that it was exploring the option of setting up a business trust as a potential vehicle for its capital management initiatives.

This is so to increase capital efficiency and return excess cash to shareholders.

The Securities Commission (SC) had in January released guidelines for business trusts, in a move to further widen asset classes.

Business trusts are similar to real estate investment trusts in structure. It is akin to a company operating like a business enterprise even though it is not a separate legal entity.

On another note, Clausen said the company was open to partnerships in sharing infrastructure for its 4G rollout.

It has for years been trying to secure more of the 900Mhz spectrum as it continues to build its next generation network which will be LTE enabled.

It wants the GSM 900 megahertz (MHz) spectrum so that it can reach out to a wider segment of the population.

It is currently sharing base station sites with Celcom Axiata Bhd but is exploring ways to work with others, as there is an indirect push by the regulator for operators to work together to avoid duplicate networks and wasteful resources.

“We are flexible and have interest to share as it makes logical sense to share especially with LTE,” said Clausen.

By giving only 20Mhz of 2.6Ghz spectrum to most of the telco players, the Government is encouraging the concept of sharing. DiGi has completed about 1,000km of joint fibre optics built with Celcom Axiata.

Meanwhile, Maxis signed an infrastructure and spectrum sharing agreement with REDTone International Bhd. Maxis also has another tie-up with U Mobile Sdn Bhd to share 3G and 4G networks.

Clausen encourages sharing of infrastructure and likes to see it happen more.

“There’s a push for that, and we understand the reason behind that. It doesn’t make sense for us to build our own sites, own fibres,” he said.

DiGi was investing RM650mil to roll out LTE over the next few years, he added.

Monday, 15 July 2013

AEON Card Members Free KFC Discount Coupon

Domino’s Ramadan Special Enjoy Buy 1 Free 1 Promotion

DiGi launches latest postpaid service plan

DiGi Telecommunications Sdn Bhd (DiGi) has launch its latest postpaid service plan, DG Postpaid Simple, which offers free Sony Xperia E for customers who sign up for the service in conjunction with the Hari Raya Aidilfitri celebrations.

The promotion, which started this month, is tailored for customers who are looking for an entry-level smartphone that packages huge amount of voice and short messaging service (SMS) along with mobile internet service, said DiGi in a statement.

"DiGi has 5.8 million mobile internet customers, including three million smartphone users as of first quarter this year," said Head of Products-Consumer and Business Ting Shiew Han.

Retailed at RM499, the free device is bundled with the newly launched DG Postpaid Simple plan, which customers only need to pay RM50 a month to enjoy RM100 worth of domestic talktime and SMS.

"With DG Postpaid Simple, we have made it easy and relevant for customers to venture into the realm of mobile surfing through the worry-free Mobile Internet Add-on feature.

"By signing up for the postpaid plan and opting for the add-on feature, customers can start trying out mobile internet from as low as RM28 a month on their brand new free smartphone," he said.

Customers will also enjoy free one hundred calls, 3,800 SMSes and multimedia messaging service collectively when they connect with their family and friends.-- Bernama

Read more: DiGi launches latest postpaid service planhttp://www.btimes.com.my/Current_News/BTIMES/articles/20130715165206/Article/#ixzz2Z7nX7xrq

Monday, 8 July 2013

Chatime 1,500 Free Chatime Drinks Giveaway

Matrix acquires lands for RM106.8m

Matrix Concepts Holdings Bhd, a leading property developer in Negeri Sembilan, will acquire two pieces of land totalling
174 hectares in Bandar Sri Sendayan, Negeri Sembilan for RM106.8 million.

The new landbank is slated for mixed developments, with estimated Gross Development Value (GDV) of RM1.6 billion, and will enlarge the Group’s remaining undeveloped landbank in Bandar Sri Sendayan to 546.33 hectares.

With the increased landbank in the township, pipeline projects yet to be launched now stand at a GDV of RM4.8 billion, which will sustain the Group till 2022, Matrix Concepts said.

"We believe that these two pieces of land are timely additions to our Bandar Sri Sendayan township development as our landed residential properties continue to attract buyers from both Negeri Sembilan and the Klang Valley, due to its strategic location within the Greater Klang Valley conurbation.

"We are now putting in development plans worth RM1.6 billion on the new lands, encompassing commercial and residential properties to be launched within two or three years," chairman Datuk Mohamad Haslah Mohamad Amin said in a statement issued today.

The sales and purchase agreements for the land acquisitions were executed separately between the Group’s wholly-owned subsidiary Matrix Concepts Sdn Bhd and two different vendors -- 78 hectares from TJ Integrated Sdn Bhd for RM59.3 million, and the other 96 hectares from Koperasi Sendayan Labu Seremban Bhd for RM47.5 million.

The acquisitions will be funded by internally generated funds and bank borrowings.

"With the new lands, we aim not only to continue rolling out more innovative and high value products for discerning property buyers, but also to deliver a good bottom line to our shareholders for the reason that the land cost of about RM107 million makes up only about seven per cent of the planned GDV.

"Going forward, we will continue to identify strategic landbank to strengthen our foothold in the property development sector," said Mohamad Haslah.-- Bernama 

Thursday, 4 July 2013

Sakae Sushi Enjoy RM1 Hot Deals

KFC 40% Discount to those Turning 40 this July

Invest Malaysia 2013 - Corporate Presentation Slides

AXIS Real Estate Investment Trust.pdf
AirAsia Berhad.pdf
Alliance Financial Group.pdf
Astro Malaysia Holdings Berhad.pdf
Ayala Land Inc.pdf
Bangkok Expressway PLC.pdf
Bank Central Asia.pdf
Bumitama Agri Ltd.pdf
Dialog Group Berhad.pdf
Digi Berhad.pdf
Felda Global Ventures Holdings Berhad.pdf
Glomac Berhad.pdf
Hartalega Berhad.pdf
IHH Healthcare Berhad.pdf
IOI Corporation.pdf
Jobstreet Corporation Berhad.pdf
Jollibee Foods Corporation.pdf
Kossan Rubber Industries Berhad.pdf
MISC Berhad.pdf
MMC Corporation Berhad.pdf
Mah Sing Group Berhad.pdf
Malayan Banking Berhad.pdf
Malaysia Airport Holdings Berhad.pdf
Malaysia Marine and Heavy Engineering Holdings Berhad.pdf
Maxis Berhad.pdf
Media Chinese International Ltd.pdf
OldTown Berhad.pdf
Perisai Petroleum Teknologi Berhad.pdf
Public Bank Berhad.pdf
SP Setia Berhad.pdf
SapuraKencana Petroleum Bhd.pdf
Sime Darby Berhad.pdf
Somboon Advance Technology.pdf
Starhill Global Real Estate Investment Trust.pdf
Sunway Berhad.pdf
Sunway Real Estate Investment Trust.pdf
TIME dotCom Bhd.pdf
Telekom Malaysia Berhad.pdf
Tenaga Nasional Berhad.pdf
Top Glove Berhad .pdf
Tropicana Corporation Berhad.pdf
UEM Land Holdings Berhad.pdf
UMW Holdings Berhad.pdf
UOA Development Berhad.pdf
WCT Berhad.pdf
YTL Corporation Bhd.pdf

Source: http://www.investmalaysiaconference.com/index.php


Main Business: Energy (i.e. oil & gas) and environment (i.e. water supply) sectors
Board: Main market
Stock Name: RANHILL
IPO Price: RM 1.85
PAR: RM 1.00
Market capital:  961 mil shares

Timetable for IPO
Date Description
04-07-2013 Open application
11-07-2013 Close application
15-07-2013 Ballot result
29-07-2013 Allotment shares
31-07-2013 Listing

Total shares offer: 407 mil (42.3% of total market shares)
1. Total institutional offering shares: 328 mil
    a. 110 mil shares for MITI Bumiputera.
    b. 218 mil shares for malaysian & foreign institutional and selected investors.
2. Total retail offering shares: 78 mil
    a. 52.6 mil shares for eligible directors and employees of the company.
    b. 6.3 mil shares for those have contributed to the company.
    c. 9.6 mil shares for Malaysian public (non-bumi).  (1% of total market shares)
    d. 9.6 mil shares for Malaysian public (bumi).

Financial summary
FYE Jun 2010(18 Months)
Dec 2011
Dec 2012
Revenue (RM mil) 1,346 2,454 1,985
Gross Profit (RM mil) 430 752 590
PAT (RM mil) 1,527 301 282
Diluted EPS (RM) 1.10 0.19 0.17

Dividend policy: 60% (from Year end 31 Dec 2014)
Currently, proposed 50% - 70% payout ratio.

Monday, 1 July 2013

AirAsia has aggressive plan for India

MUMBAI: Budget carrier AirAsia plans to aggressively grow its Indian affiliate’s fleet by adding 10 planes a year and will focus operations on the country’s under-utilised airports, the group’s chief executive Tony Fernandes said on Monday.

AirAsia India, a joint venture between the Malaysia-based low-cost airline, India’s Tata Group and investment firm Telestra Tradeplace, is expected to begin a domestic service from Chennai in the fourth quarter of 2013.

It will focus on connecting under-utilised airports within India instead of offering services to the country’s main hubs Mumbai and New Delhi, Fernandes told a press conference in Mumbai.

To do this, it has an "aggressive" plan to add 10 Airbus A320 aircraft a year to its fleet, he added.

"Game plan is very simple. We want to have the lowest fares, we want to improve connectivity within India. We think there are a lot of routes that are just not done," he said.

"If you look at air travel, it’s so concentrated on Delhi and Mumbai ... there is a huge amount of airports that are under-utilised."

India’s low-cost aviation sector is developing slowly, with the three main budget carriers operating only about 130 planes across the country of over a billion people.

AirAsia will initially concentrate on southern India from its Chennai base before expanding to other parts of the country, Fernandes said.

Its main competitor out of Chennai will be domestic low-cost carrier SpiceJet, while other Indian low-fare carriers include IndiGo and GoAir.

The domestic tourism market will play a big part in the airline’s success, said Fernandes.

"India will become a very big hub for us eventually," said Fernandes.

The airline will offer only domestic services, as under Indian regulations the country’s carriers cannot fly on international routes until they have at least five aircraft and have clocked up five years of operations.

AirAsia last week announced its exit from the Japanese market, which it entered with much fanfare via a joint venture with All Nippon Airways (ANA). The relationship, however, broke down over the last year as the two squabbled over AirAsia Japan’s strategy and ANA said that it would buy out its partner.

Fernandes said that AirAsia and ANA were "bad partners" and that he would "never work" with another "premium airline" after the ANA experience, and following an acrimonious exit from a cross-shareholding agreement with Malaysian Airline System Bhd in 2012.

"ANA is the highest cost airline in the world, we are the lowest cost. Opposites don’t attract. We just had a completely different vision of how to run the airline. Nothing is wrong with the market, the market is fantastic," said Fernandes.

"The lesson is I will never ever work with another airline in my life. Let me qualify that - premium airline."-- Reuters

Read more: AirAsia has aggressive plan for Indiahttp://www.btimes.com.my/Current_News/BTIMES/articles/20130701140415/Article/#ixzz2Xo6FH6g3