Wednesday, 30 April 2014

DiGi hits record high on positive views

KUALA LUMPUR: Shares of DiGi.Com Bhd hit a record high of RM5.52 at mid-afternoon on Wednesday after CIMB Research said DiGi reported good growth in service revenue of 5% on-year in its first quarter.

At 3.24pm, its shares rose 12 sen to RM5.51 with some 6.66 million shares done between the prices of RM5.39 and RM5.52.

The FBM KLCI was up 5.14 points to 1,864.48. Turnover was 1.01 billion shares valued at RM1.25bil. There were 327 gainers, 389 decliners and 311 counters unchanged.

CIMB Research said in a note on Wednesday that it believes DiGi will continue to gain market share.

“All in all we think DiGi should be able to deliver revenue growth of 6% driven by its expanding 3G network coverage and distribution network.

“This will help it continue to gain revenue market share and we estimate it will build ebitda margin from 45.5% in FY13 to over 46% over the next two years,” it said.

Source: TheStar


Saturday, 19 April 2014

KLIA2 is now certified fit for use

PETALING JAYA: KLIA2 has finally been given the long awaited Certificate of Completion and Compliance (CCC) on Friday.

The certificate was handed over by the main contractors, the UEM-Bina Puri consortium to Malaysia Airports Holdings Bhd, in a ceremony on Friday.

There are three parts to the issuance of a CCC; it needs to comply with the Fire and Rescue Department, Sepang Municipal Council and Indah Water Konsortium Sdn Bhd (IWK) specifications and KLIA2 has complied with all the conditions and is now certified safe for use.

The Operational Readiness and Airport Transfer (Orat) procedures has been under way for over a month now and the new low cost air terminal will open for operations on May 2.

Orat is a comprehensive methodology and holistic approach employed to ensure the operational readiness of a new airport or airport infrastructure project.

Five airlines – Malindo Air, Cebu Pacific Air, Tiger Airways Singapore, Lion Air and Indonesia’s Mandala Airlines will begin operations on May 2 and AirAsia will join in before May 9. On May 9, the existing LCCT will cease operations.

Source: TheStar

Thursday, 17 April 2014

AirAsia to implement AMI service

PETALING JAYA: AirAsia Bhd has signed an agreement to implement the Airbus Managed Inventory (AMI) service for its A320 and A330 fleets at its bases in Kuala Lumpur and Bangkok.

In a statement released by Airbus, the AMI service ensures the automatic and continuous replenishment of high-usage and non-repairable parts at the customer's facilities.

AirAsia is confident that the AMI service will support the company and its associated company AirAsia X in paving the way for low-cost aviation through innovative solutions and efficient processes.

"With AMI, we will minimise our spares investment costs while maximising delivery of parts when needed," said Anaz Ahmad Tajuddin, group head of engineering of AirAsia.

AirAsia is the fourth customer in the region to choose the AMI automated inventory management solution, which works to reduce inventory holding costs.

This is done by capturing material consumption information in real-time and automatically triggering replenishment orders within the agreed inventory levels, the service guarantees high on-shelf part availability while decreasing the overall inventory stock level.


CMMT Q1'14

Wednesday, 16 April 2014

AirAsia Group says will move into KLIA2 by May 9

KUALA LUMPUR: AirAsia Group says it will move to KLIA2 by May 9 although there are still a few outstanding commercial issues.

“We will be notifying all of our guests accordingly to ensure a smooth transition from the current LCC Terminal to KLIA2,” according to the joint statement issued by AirAsia executive chairman Datuk Kamarudin Meranun and AirAsia X Bhd chairman Tan Sri Rafidah Aziz on Tuesday.

They said the group expressed its appreciation to Prime Minister Datuk Seri Najib Razak and the government for the decision to enlist the expertise of the International Civil Aviation Organization (ICAO) to further evaluate KLIA2 and to determine the long term safety of the new airport.

“This decision reflects the priority that the government is giving to the issue of safety, and assuring the public that KLIA2 is safe. We are very grateful for this priority that the government has placed on this issue.

“Although there are still a few outstanding commercial issues, this should not hold back our operations at KLIA2 as planned. As such, AirAsia Group will move into KLIA2 by May 9, 2014,” they said in the statement.

Kamarudin and Rafidah said AirAsia and AirAsia X were looking forward to operate from KLIA2, as well as to the next stage of our growth and development through KLIA2.

They said ongoing discussions with relevant authorities were in progress.

“However, should the negotiations not be completed or concluded expeditiously, we hope the Government will be able to provide necessary mediation, in order to enable MAHB (Malaysia Airports Holdings Bhd) to get its dues as the airport operator; and at the same time, enabling the AirAsia Group to efficiently operate based on our proven low-cost carrier business model through reasonable charges and levies,” they said in the statement.

Source: TheStar

Monday, 14 April 2014

Matrix proposes 1 for 2 bonus issue

PETALING JAYA: Matrix Concepts Holdings Bhd proposes to undertake a bonus issue on the basis of one bonus share for every two existing shares held by shareholders.

In a filing with Bursa Malaysia, the bonus issue entails a issuance of up to 152.88 million new ordinary shares of RM1.00 each.

The maximum scenario would then result in the group's share capital increasing from RM301.17 million comprising 301.17 million shares of RM1.00 each as at Dec 31, 2013, to RM458.65 million comprising 458.65 million shares of RM1.00 each.

"The bonus issue is in tandem with our current scale of operations, and is anticipated to allow greater participation in the equity of the group," said its chairman Datuk Mohamad Haslah.

The bonus issue is targeted for completion by the third quarter of 2014.

The company also confirms that based on the audited financial statements for the financial year ended Dec 31, 2013, it will have adequate share premium and retained profits to cover the capitalisation required for the bonus issue after the completion of the receipt of dividend.

The bonus issue is targeted for completion by the third quarter of 2014.

Source: Thesundaily

Thursday, 3 April 2014

Pharmaniaga ties up with Saudi firm to build RM120mil factory in Riyadh

PETALING JAYA: Pharmaniaga Bhd is teaming up with Modern Group, one of the largest companies in Saudi Arabia, to build a RM120mil manufacturing plant in Riyadh.

Pharmaniaga chairman Tan Sri Lodin Wok Kamaruddin said the 50:50 joint venture was part of the company’s strategy to accelerate the growth of its pharmaceutical business and to capture the rapidly growing opportunities in Saudi Arabia.       

Lodin said besides its plants in Saudi Arabia and Indonesia, which it acquired last year, the generic drug maker also aimed to penetrate other Asean countries such as Myanmar, Vietnam, the Philippines and Thailand.

“At the same time, we are looking at enhancing our retail pharmacy outlets.       

“At present, we have one in Shah Alam under the Royale Pharma brand.

“We are now working closely with several organisations and companies to see if we can establish more outlets in the country,” he told a media briefing after Pharmaniaga’s annual general meeting here yesterday.

He added that Pharmaniaga’s parent company, Boustead group, owned and operated more than 300 petrol kiosks nationwide and soon all these locations would be selling the Royale Pharma products.

Pharmaniaga reported a lower pre-tax profit of RM93mil for the year ended Dec 31, 2013, down 10% from RM103mil previously.

However, its revenue rose to RM1.9bil from RM1.8bil a year ago.

This was attributable to strong contributions from the group’s non-concession business and organic growth in the concession business as well as new tenders that it secured. — Bernama


Wednesday, 2 April 2014

AirAsia CEO appeals for PM's intervention in klia2 issue

KUALA LUMPUR: AirAsia Bhd is appealing for Datuk Seri Najib Tun Razak to intervene in resolving the klia2 issue as it wants to be given a voice since it will be the main user of the terminal.

The low-cost carrier's CEO Aireen Omar said on Wednesday the Prime Minister's intervention was crucial in resolving this national issue.

She pointed out the airline was ready and committed to make the best out of klia2 "although it is not the design we wanted."

The klia2, she added, was longer a fully low-cost carrier terminal as initially promised by Malaysia Airports Holding Bhd (MAHB).

Aireen was clarifying news reports over AirAsia's decision to remain in the current low-cost carrier terminal after May 9, 2014.

She said while AirAsia was more than ready to move to klia2 but the shift must be done under the right circumstances.

"We will be the anchor tenant at the new airport, accounting for more than 80% of klia2's traffic, hence the critical need for klia2 to be fully functional and operationally viable in the long term," she said.

She said the articles could have given rise to a perception that AirAsia was not deliberately moving to klia2 or being difficult on purpose.

However, she assured this was not its intention as there were many concerns especially functionality, safety and security of klia2.

"Klia2 has the potential to be a global aviation hub, just like Dubai. AirAsia, as the largest low cost carrier in the region can and will contribute towards making that a reality, directly elevating the nation's aviation industry as a whole.

"As a major contributor to Malaysia's economy, AirAsia must be given a voice as we are the main user of klia2. AirAsia looks forward to resolve this issue as soon as possible," Aireen added.

AirAsia inks entertainment deal worth RM109m

Source: The Edge Financial Daily

Tuesday, 1 April 2014

Malaysia income tax guide 2014 infografic