12 Rabiulakhir 1433
KUALA LUMPUR, March 5 (Bernama) -- HLIB Research is maintaining its "buy call" on Time dotCom Bhd (TdC) with a some-of-parts target price of RM0.85.
In a research note Monday, the research division of Hong Leong Investment Bank Bhd said news of TdC's potential acquiree, Global Transit Ltd, signing a pact with PT PGAS Telekomunikasi Nusantara to provide bandwidth connectivity to Indonesia was a positive milestone in TdC's regional expansion plan.
It said Indonesia was one the markets in the region with the highest growth (over 30 per cent) on the back of low mobile and internet penetration rates of 62.7 per cent and 1.1 per cent respectively.
"New acquisitions, when integrated as a group will further enhance earnings due to volume synergies and the utilisation of assets at owner-cost prices," it said.
Source - BERNAMA
Sunday, March 4, 2012
Friday, March 2, 2012
Plantation Sector Is Expected To Gain Significant Momentum
10 Rabiulakhir 1433
KUALA LUMPUR, March 2 , 2012- The plantation sector is expected to gain significant momentum this year following a good performance in 2011, said JF Apex Securities Bhd in a research note.
It said demand for crude palm oil (CPO) would remain resilient and production in the first half of 2012 was expected to be lower due to bumper harvest last year and lag effect of heavy rainfall in the second half of 2011.
"The lag effect of the heavy rainfall is expected to lead to lesser formation of fresh fruit bunches (FFBs).
"However, the rainfall is predicted to be normalised in the first half of this year. Therefore, there will be no major shortfall for the FFB production in the second half of this year," it said.
JF Apex said the CPO price for the first quarter of this year would hover between RM3,100 and RM3,200 per tonne mainly due to lower production.
Source- BERNAMA
KUALA LUMPUR, March 2 , 2012- The plantation sector is expected to gain significant momentum this year following a good performance in 2011, said JF Apex Securities Bhd in a research note.
It said demand for crude palm oil (CPO) would remain resilient and production in the first half of 2012 was expected to be lower due to bumper harvest last year and lag effect of heavy rainfall in the second half of 2011.
"The lag effect of the heavy rainfall is expected to lead to lesser formation of fresh fruit bunches (FFBs).
"However, the rainfall is predicted to be normalised in the first half of this year. Therefore, there will be no major shortfall for the FFB production in the second half of this year," it said.
JF Apex said the CPO price for the first quarter of this year would hover between RM3,100 and RM3,200 per tonne mainly due to lower production.
Source- BERNAMA
Tuesday, February 21, 2012
Arab Countries Seriously Looking At Investing In Malaysia
29 Rabiulawal 1433
By Dalila Abu Bakar(Bernama)
KUALA LUMPUR, Feb 21, 2012- Arab countries are contemplating moving their funds to safer economies like Malaysia following the economic crisis in Europe and the United States, said Mohammed Al-Rabea, Secretary-General of the Council of Arab Economic Unity, The Arab League.
"The economic crisis in Europe and the United States has affected the revenue of Arab countries. We are looking seriously to redirect these funds into safe economies like Malaysia," he told Bernama in an interview here.
The Council of Arab Economic Unity is in Malaysia for the Malaysia Global Business Forum-Strategic Partners-Malaysia and The Arab World held at MATRADE Tuesday.
The delegation had a meeting with Deputy International Trade and Industry Minister Datuk Mukhriz Mahathir during the forum.
Mohammed Al-Rabae said they had exchanged views on potential businesses for Malaysia and the Arab countries.
"We have exchanged views and discussed with the Arab-Malaysian Business Council and Arab-Malaysian Chamber of Commerce to develop businesses and create joint ventures and closer ties.
"I have also extended invitation to Datuk Mukhriz to visit Cairo," he said, adding that Malaysia has yet to further its business relations with all members of the Arab League.
Mohammed Al-Rabae also said the delegation was impressed with the development of health tourism in Malaysia and would implement a similar model back home.
The Council of Arab Economic Unity will visit KPJ Healthcare, Malaysia's leading healthcare provider, tomorrow to discuss potential partnerships in the area of healthcare.
Meanwhile, Arab-Malaysian Chamber of Commerce President Mohamad Radwan Alamis said he was confident that total trade between Malaysia and Arab countries would exceed US$30 billion in 2015 from US$17.6 billion over the last 10 years.
"The US$30 billion is not far to achieve. We expect much more.
"There are huge opportunities. There are huge investment opportunities for Malaysian businessmen in the Arab countries, particularly in the construction and infrastructure sectors," he said.
Source- BERNAMA
By Dalila Abu Bakar(Bernama)
KUALA LUMPUR, Feb 21, 2012- Arab countries are contemplating moving their funds to safer economies like Malaysia following the economic crisis in Europe and the United States, said Mohammed Al-Rabea, Secretary-General of the Council of Arab Economic Unity, The Arab League.
"The economic crisis in Europe and the United States has affected the revenue of Arab countries. We are looking seriously to redirect these funds into safe economies like Malaysia," he told Bernama in an interview here.
The Council of Arab Economic Unity is in Malaysia for the Malaysia Global Business Forum-Strategic Partners-Malaysia and The Arab World held at MATRADE Tuesday.
The delegation had a meeting with Deputy International Trade and Industry Minister Datuk Mukhriz Mahathir during the forum.
Mohammed Al-Rabae said they had exchanged views on potential businesses for Malaysia and the Arab countries.
"We have exchanged views and discussed with the Arab-Malaysian Business Council and Arab-Malaysian Chamber of Commerce to develop businesses and create joint ventures and closer ties.
"I have also extended invitation to Datuk Mukhriz to visit Cairo," he said, adding that Malaysia has yet to further its business relations with all members of the Arab League.
Mohammed Al-Rabae also said the delegation was impressed with the development of health tourism in Malaysia and would implement a similar model back home.
The Council of Arab Economic Unity will visit KPJ Healthcare, Malaysia's leading healthcare provider, tomorrow to discuss potential partnerships in the area of healthcare.
Meanwhile, Arab-Malaysian Chamber of Commerce President Mohamad Radwan Alamis said he was confident that total trade between Malaysia and Arab countries would exceed US$30 billion in 2015 from US$17.6 billion over the last 10 years.
"The US$30 billion is not far to achieve. We expect much more.
"There are huge opportunities. There are huge investment opportunities for Malaysian businessmen in the Arab countries, particularly in the construction and infrastructure sectors," he said.
Source- BERNAMA
Monday, February 20, 2012
Investors Can Ride Out Market Volatility With Right Strategies
28 Rabiulawal 1433
KUALA LUMPUR, Feb 20 , 2012 - With the right investment strategies, prudent portfolio risk management and a positive attitude, investors can ride out times of market volatility to optimise returns, says Pacific Mutual Fund Bhd Executive Director and Chief Executive Officer, Gary Gan.
"There has been heavy portfolio reallocation activities over the past year for equities investing, with more investors opting for regular investing style over a diversified range of fund categories.
"Investors who stay resilient and stay in the hunt for profit-making activities have better tolerance to short-term volatile market behaviour and are in a good position to reap better longer-term investment results," he added.
Pacific Mutual on Monday received the award for the Best Equity Group Category Award and three other equity fund awards at The Edge-Lipper Malaysia Fund Awards 2012.
The Best Equity Group Award is for the third-consecutive year.
Source- BERNAMA
KUALA LUMPUR, Feb 20 , 2012 - With the right investment strategies, prudent portfolio risk management and a positive attitude, investors can ride out times of market volatility to optimise returns, says Pacific Mutual Fund Bhd Executive Director and Chief Executive Officer, Gary Gan.
"There has been heavy portfolio reallocation activities over the past year for equities investing, with more investors opting for regular investing style over a diversified range of fund categories.
"Investors who stay resilient and stay in the hunt for profit-making activities have better tolerance to short-term volatile market behaviour and are in a good position to reap better longer-term investment results," he added.
Pacific Mutual on Monday received the award for the Best Equity Group Category Award and three other equity fund awards at The Edge-Lipper Malaysia Fund Awards 2012.
The Best Equity Group Award is for the third-consecutive year.
Source- BERNAMA
Sunday, February 19, 2012
Malaysia's Transformation Programme Offers Huge Opportunities For UK Firms
26 Rabiulawal 1433
By Tengku Noor Shamsiah Tengku Abdullah(Bernama)
SINGAPORE, Feb 17, 2012 - Prime Minister Datuk Seri Najib Tun Razak's Economic Transformation Programme offers huge opportunities for UK firms to share their expertise and work with Malaysia on important commercial projects, including the Klang Valley Mass Rapid Transit.
In stating this, UK Minister of State for Trade and Investment, Lord Green of Hurstpierpoint, said combined with Malaysia's continued strong economic growth, "we see major opportunities across a wide range of sectors -- education, oil and gas, infrastructure, healthcare, information, communications technology, retail, financial and professional services and defence and security."
He said the UK has strong trade and investment ties with Malaysia which it was determined to further strengthen.
"My visit to Malaysia is an excellent opportunity to meet government and business leaders to achieve this objective," he told Bernama.
Lord Green was here from Feb 14-15, 2012 to promote UK trade and investment and aerospace at the Singapore Airshow and to commemorate the 70th anniversary of the fall of Singapore before visiting Malaysia yesterday, as part of his tour of the region which also Thailand.
He said many UK firms had presence in Malaysia, including well-known brands such as Dyson, Tesco and Shell.
On the Association of South-East Asian Nations (Asean), he said the region's growing importance to UK business was reflected in his ministry's new five-year strategy, "Britain Open for Business".
"I will be visiting three of the five Asean countries identified as priority high growth and emerging markets (Singapore, Malaysian and Thailand)," he said.
Lord Green said the European Union was currently negotiating free trade agreements with Singapore and Malaysia.
"We look forward to the successful conclusion of these talks which will unlock many new opportunities for both UK and Asean businesses," he said.
He was positive about growth prospects in Asean and Malaysia in particular.
"There is no doubt the region is becoming an increasingly important player in the global economy.
"Robust domestic demand and improving macroeconomic fundamentals will also continue to support economic growth.
"Malaysia is UK's second largest export market in South-East Asia and we want to build on this," he said.
Lord Green said there were signs that the UK's economic outlook was improving.
"This year, the International Monetary Fund forecasts the UK to grow twice as fast as Germany and three times as fast as France," he said.
Source- BERNAMA
By Tengku Noor Shamsiah Tengku Abdullah(Bernama)
SINGAPORE, Feb 17, 2012 - Prime Minister Datuk Seri Najib Tun Razak's Economic Transformation Programme offers huge opportunities for UK firms to share their expertise and work with Malaysia on important commercial projects, including the Klang Valley Mass Rapid Transit.
In stating this, UK Minister of State for Trade and Investment, Lord Green of Hurstpierpoint, said combined with Malaysia's continued strong economic growth, "we see major opportunities across a wide range of sectors -- education, oil and gas, infrastructure, healthcare, information, communications technology, retail, financial and professional services and defence and security."
He said the UK has strong trade and investment ties with Malaysia which it was determined to further strengthen.
"My visit to Malaysia is an excellent opportunity to meet government and business leaders to achieve this objective," he told Bernama.
Lord Green was here from Feb 14-15, 2012 to promote UK trade and investment and aerospace at the Singapore Airshow and to commemorate the 70th anniversary of the fall of Singapore before visiting Malaysia yesterday, as part of his tour of the region which also Thailand.
He said many UK firms had presence in Malaysia, including well-known brands such as Dyson, Tesco and Shell.
On the Association of South-East Asian Nations (Asean), he said the region's growing importance to UK business was reflected in his ministry's new five-year strategy, "Britain Open for Business".
"I will be visiting three of the five Asean countries identified as priority high growth and emerging markets (Singapore, Malaysian and Thailand)," he said.
Lord Green said the European Union was currently negotiating free trade agreements with Singapore and Malaysia.
"We look forward to the successful conclusion of these talks which will unlock many new opportunities for both UK and Asean businesses," he said.
He was positive about growth prospects in Asean and Malaysia in particular.
"There is no doubt the region is becoming an increasingly important player in the global economy.
"Robust domestic demand and improving macroeconomic fundamentals will also continue to support economic growth.
"Malaysia is UK's second largest export market in South-East Asia and we want to build on this," he said.
Lord Green said there were signs that the UK's economic outlook was improving.
"This year, the International Monetary Fund forecasts the UK to grow twice as fast as Germany and three times as fast as France," he said.
Source- BERNAMA
Saturday, February 18, 2012
Global Shares Likely To Remain Up, Says Economist
26 Rabiulawal 1433
By Tengku Noor Shamsiah Tengku Abdullah(Bernama)
SINGAPORE, Feb 18 , 2012 - Global shares are vulnerable to further consolidation or correction in the short term given high levels of investor sentiment, strong year-to-date gains and Greek worries.
However, any pullback globally is likely to be mild and the broader trend is likely to remain up, says Dr Shane Oliver, Head of Investment Strategy and Chief Economist of AMP Capital Investors.
"Valuations are attractive particularly against very low bond yields, the risk of a eurozone meltdown has receded, momentum in global economic indicators is positive, global monetary conditions are getting easier and easier and there is lots of cash on the sidelines," he told Bernama.
He said the "yes we have a deal no we don't" regarding Greece's latest bailout negotiations raged on again over the last week, resulting in a volatile ride for risk assets like shares.
"Our assessment is that a deal is more likely than not as both sides have potentially too much to lose, but the risks are high and in any case it could drag on a bit," he said.
In a broader sense, Oliver said there was mostly good news regarding the European debt issue over the last week.
Most importantly, bond yields in Spain, Italy, France and Portugal were little affected by the Greek related uncertainty of the last week, suggesting investors are becoming less concerned about contagion.
He said global reflation remains an ongoing theme with the Bank of Japan announcing extra quantitative easing, a short-term inflation target of one per cent and a medium-term target of two per cent.
"This is very significant. If Japan is serious about meeting its inflation targets it means more monetary easing in order to break the psychology of deflation and it could mean a fundamental turn in the Yen (down) and the relative performance of Japanese shares (up)," he said.
Oliver said data releases over the last week were mostly positive with strong US data, a weaker than expected growth contraction in the eurozone and a contraction in the Japanese economy, but signs of growth bouncing back this quarter.
He said even Australian economic data surprised on the upside, but with monetary conditions tightening on the back of rising bank mortgage rates, the strong Australian dollar, and the drumbeat of job layoffs seemingly getting louder, it is hard to see recent stronger data releases being sustained.
"We still think there is a strong case to cut official interest rates further but the strong January jobs data and the Reserve Bank of Australia's relatively relaxed stance suggest the next cut may be several months away," he said.
Oliver said the focus in the week ahead will likely stay on Greece with finance ministers to consider the bailout package on Monday. European PMI business conditions indicators (Tuesday) and the German IFO index (Thursday) will also be watched closely.
Source- BERNAMA
By Tengku Noor Shamsiah Tengku Abdullah(Bernama)
SINGAPORE, Feb 18 , 2012 - Global shares are vulnerable to further consolidation or correction in the short term given high levels of investor sentiment, strong year-to-date gains and Greek worries.
However, any pullback globally is likely to be mild and the broader trend is likely to remain up, says Dr Shane Oliver, Head of Investment Strategy and Chief Economist of AMP Capital Investors.
"Valuations are attractive particularly against very low bond yields, the risk of a eurozone meltdown has receded, momentum in global economic indicators is positive, global monetary conditions are getting easier and easier and there is lots of cash on the sidelines," he told Bernama.
He said the "yes we have a deal no we don't" regarding Greece's latest bailout negotiations raged on again over the last week, resulting in a volatile ride for risk assets like shares.
"Our assessment is that a deal is more likely than not as both sides have potentially too much to lose, but the risks are high and in any case it could drag on a bit," he said.
In a broader sense, Oliver said there was mostly good news regarding the European debt issue over the last week.
Most importantly, bond yields in Spain, Italy, France and Portugal were little affected by the Greek related uncertainty of the last week, suggesting investors are becoming less concerned about contagion.
He said global reflation remains an ongoing theme with the Bank of Japan announcing extra quantitative easing, a short-term inflation target of one per cent and a medium-term target of two per cent.
"This is very significant. If Japan is serious about meeting its inflation targets it means more monetary easing in order to break the psychology of deflation and it could mean a fundamental turn in the Yen (down) and the relative performance of Japanese shares (up)," he said.
Oliver said data releases over the last week were mostly positive with strong US data, a weaker than expected growth contraction in the eurozone and a contraction in the Japanese economy, but signs of growth bouncing back this quarter.
He said even Australian economic data surprised on the upside, but with monetary conditions tightening on the back of rising bank mortgage rates, the strong Australian dollar, and the drumbeat of job layoffs seemingly getting louder, it is hard to see recent stronger data releases being sustained.
"We still think there is a strong case to cut official interest rates further but the strong January jobs data and the Reserve Bank of Australia's relatively relaxed stance suggest the next cut may be several months away," he said.
Oliver said the focus in the week ahead will likely stay on Greece with finance ministers to consider the bailout package on Monday. European PMI business conditions indicators (Tuesday) and the German IFO index (Thursday) will also be watched closely.
Source- BERNAMA
Sunday, February 12, 2012
Government Confident Economy Expands Over 5 Per Cent
20 Rabiulawal 1433
IPOH, Feb 12 , 2012- The government is confident that the country's economy will grow more than five percent this year as targeted, Second Finance Minister Datuk Seri Ahmad Husni Hanadzlah said.
He said the effectivesness and success of the Government Transformation Plan (GTP) and the Economic Transformation Plan (ETP) would surely help expand the Malaysian economy.
"Basically, we are confident that the country's economic expansion is on the right track and the expansion also may exced the five percent target," he told reporters when meeting villagers at Kampung Tengku Hussien Hujung here.
He said the success of the GTP and ETP and its role in the country's economic expansion had been discussed during a workshop chaired by Prime Minister Datuk Seri Najib Tun Razak and attended by Cabinet ministers on Thursday.
"The workshop was also attended by an international panel comprising economic experts appointed by the government to check and balance the plans implemented," he said.
Ahmad Husni said Malaysia was the only country that had in place various action plans to overcome economic crises.
He said all plans that were drawn up based on the Key Performance Index also contributed to the country's economic expansion because through it, performance could be assessed based on facts.
Source- BERNAMA
IPOH, Feb 12 , 2012- The government is confident that the country's economy will grow more than five percent this year as targeted, Second Finance Minister Datuk Seri Ahmad Husni Hanadzlah said.
He said the effectivesness and success of the Government Transformation Plan (GTP) and the Economic Transformation Plan (ETP) would surely help expand the Malaysian economy.
"Basically, we are confident that the country's economic expansion is on the right track and the expansion also may exced the five percent target," he told reporters when meeting villagers at Kampung Tengku Hussien Hujung here.
He said the success of the GTP and ETP and its role in the country's economic expansion had been discussed during a workshop chaired by Prime Minister Datuk Seri Najib Tun Razak and attended by Cabinet ministers on Thursday.
"The workshop was also attended by an international panel comprising economic experts appointed by the government to check and balance the plans implemented," he said.
Ahmad Husni said Malaysia was the only country that had in place various action plans to overcome economic crises.
He said all plans that were drawn up based on the Key Performance Index also contributed to the country's economic expansion because through it, performance could be assessed based on facts.
Source- BERNAMA
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