7 Ramadhan 1433
KUALA LUMPUR: Tycoon T. Ananda Krishnan is selling up to 375 million shares worth around RM2.35bil in the country's largest mobile phone operator Maxis Bhd, according to a source familiar with the deal.
The shares were being priced at a range between RM6.21 and RM6.34 per share, the source said, representing a 3%-5% discount to the closing price of RM6.54 yesterday.
Officials at Maxis were not immediately available for comment. Ananda, Malaysia's second-richest man, has been selling some of his assets.
More Information: thestar online
Thursday, July 26, 2012
Saturday, July 21, 2012
Lotus to open KL showroom
2 Ramadhan 1433
DRB-HICOM Bhd plans to set up a dedicated Lotus showroom in Kuala Lumpur within the next three months, said group managing director Datuk Mohd Khamil Jamil.
“It will be in the city centre. We have identified several areas to house the maiden Lotus outlet in Malaysia under Proton,” said Mohd Khamil.
Bringing Lotus to Malaysia will be a milestone for national carmaker Proton Holdings Bhd, which bought Lotus nearly 16 years ago.
More information:Btimes
DRB-HICOM Bhd plans to set up a dedicated Lotus showroom in Kuala Lumpur within the next three months, said group managing director Datuk Mohd Khamil Jamil.
“It will be in the city centre. We have identified several areas to house the maiden Lotus outlet in Malaysia under Proton,” said Mohd Khamil.
Bringing Lotus to Malaysia will be a milestone for national carmaker Proton Holdings Bhd, which bought Lotus nearly 16 years ago.
More information:Btimes
Google Internet business defies econ worries, ad clicks surge
2 Ramadhan 1433
SAN FRANCISCO: Google Inc's core Internet business increased revenue by 21% in the second quarter, easing Wall Street worries that a slumping global economy would take a toll on the company's online advertising.
Shares of the world's No.1 search engine were up about 3% in after hours trade.
Google, which reported its first set of quarterly results since its May acquisition of Motorola Mobility for US$12.5bil (RM37.5bil), offered few details about its plans to expand into the hardware business, focusing instead on what it described as healthy trends in its traditional online advertising business.
More information: techcentral
Friday, June 29, 2012
Citi Says Not Under Probe For Interest Rate Fixing
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
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
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
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