10 Syaaban 1433
KUALA LUMPUR, June 29, 2012- More global banks are being investigated for alleged financial market manipulation after Barclays was fined US$453 million, but Citibank has clarified that it is not one of them.
"Citi has confirmed with U.K. government officials that it is not under investigation in the UK for Libor-related issues," Citibank Bhd said in a statement here .
More information : BERNAMA
Friday, June 29, 2012
Sunday, June 17, 2012
Telekom Malaysia remains as top pick for CIMB Research
28 Rejab 1433
KUALA LUMPUR: CIMB Research remains Neutral on the mobile telecommunications sector, and said it rmained cautious on DiGi.Com Bhd given that the migrant market contributes to a hefty 20% of its revenue. Maxis has said it will not let up until it captures its fair share of the market."Telekom Malaysia is our top pick as it is largely spared from the tussle in the mobile space," said CIMB Research.More Information : The Star
Wednesday, May 16, 2012
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
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
Thursday, May 10, 2012
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
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
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
Monday, April 30, 2012
Puncak Niaga Gets RM500 Million Contracts In Oil & Gas Sector
9 Jamadilakhir 1433
SHAH ALAM, April 30, 2012- Puncak Niaga Holdings Bhd, which ventured into the oil and gas industry last year, has managed to secure contracts worth RM500 million, said its executive chairman Tan Sri Rozali Ismail.
Its involvement in the industry is via wholly-owned unit, Puncak Oil and Gas Sdn Bhd (POG), which had stakes in Global Offshore (M) Sdn Bhd and KGL Ltd last year.
Rozali said the company has been involved in many projects here and was ready for expansion overseas after recruiting experienced and capable staff to expand the oil and gas operations.
More information: BERNAMA
SHAH ALAM, April 30, 2012- Puncak Niaga Holdings Bhd, which ventured into the oil and gas industry last year, has managed to secure contracts worth RM500 million, said its executive chairman Tan Sri Rozali Ismail.
Its involvement in the industry is via wholly-owned unit, Puncak Oil and Gas Sdn Bhd (POG), which had stakes in Global Offshore (M) Sdn Bhd and KGL Ltd last year.
Rozali said the company has been involved in many projects here and was ready for expansion overseas after recruiting experienced and capable staff to expand the oil and gas operations.
More information: BERNAMA
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