Google Upbeat on Chrome Web Store

25 Jamadilakhir 1433

KUALA LUMPUR: Google Malaysia is upbeat on a higher rate web browser adoption via localised web store with its newly-launched Chrome Web Store (CWS).

Country manager Sajith Sivanandan said Google Chrome is the number one web browser in Malaysia, thus by rolling out the CWS, it will be vastly more useful to Malaysians.

The new version of Chrome is launched every six weeks, he added.

CWS is an open marketplace that gives users an easy place to browse, discover and purchase the best applications (apps) on the web.

More information : Business Times Malaysia

TM Remains Top Pick

25 Jamadilakhir 1433

TELEKOM Malaysia Bhd (TM) remains an “outperform” with a higher discounted cashflow-based target price as we lower its weighted average cost of capital for its active capital management. It is one of our top picks due to its continued strong growth and positive earnings surprises.
Investors we met with were concerned about competition from 4G or long-term evolution. However, we think that wireless and fibre broadband are complementary as it is less cost-competitive given the scarcity of spectrum.

TM thinks that wireless broadband presents an opportunity to wholesale backhaul to the wireless operators.

TM is also trying to up-sell its services to maximise revenue and we do not expect any major asset disposals. We sense limited scope for special dividends in financial year ending Dec 31 as it sold all its substantial non-core assets and operational gains are unlikely to be very significant.

More information: thestar

KL Hosts Regional Discussion On Takeover Developments

19 Jamadilakhir 1433

KUALA LUMPUR, May 10 , 2012- The Securities Commission Malaysia (SC) and the Securities and Futures Commission Hong Kong are jointly organising a three-day Roundtable of Regional Takeover Regulators of nine jurisdictions here, ending tomorrow.

The roundtable, the first such gathering in the Asia-Pacific region of regional experts in takeover regulation, is a platform for dialogue on current issues and key areas of takeover regulation which will help to foster cooperation and the exchange of information and experience amongst the different jurisdictions.

More information : BERNAMA

KWAP's Fund Size Increases To RM82.61 Billion

19 Jamadilakhir 1433

KUALA LUMPUR, May 10 , 2012- The Retirement Fund Inc's (KWAP) fund size increased by 12 per cent or RM8.85 billion to RM82.61 billion in the first quarter 2012 compared to RM73.76 billion in the same quarter of last year.

Its Chief Executive Officer, Datuk Azian Mohd Noh in announcing the first quarter 2012 unaudited financial results, said the company's gross investment income increased to RM1.20 billion in the first quarter, which is 6.8 per cent higher than the RM1.13 billion over the corresponding period of 2011.

More information: BERNAMA