tag:blogger.com,1999:blog-29600820711803514492024-02-19T23:28:54.582-08:00Malaysia KLSE News Blogslinghttp://www.blogger.com/profile/16582328418254807034noreply@blogger.comBlogger20125tag:blogger.com,1999:blog-2960082071180351449.post-83765727182235171092010-08-22T08:06:00.000-07:002010-08-22T08:08:20.723-07:00Operator is expected to report the case of revision of policies or the automobile industry ‧ equity restrictions relaxedTroubles for a long time opening up the domestic auto industry is expected to dispute the case in 2010, considered "issued", analysts believe that concerns about the protection under a domestic vehicle sales suggest a completely open, but limited equity cooperative or tied off, and allow foreign cars corporate strategy with the local car assembly partners.<br /><br />Material integrated auto parts supplier and distribution networks<br /><br />Even if these expectations come to nothing, cities have also optimistic the government will switch to integrated auto parts supplier and distribution networks, seek to lower the domestic car business more efficient way to deal with future challenges.<br /><br />Trade and Industry Minister Datuk Mustapa Mohamed Thursday (Sept. 10) that the national automotive policy review will probably be announced until October, as there are many fields need to be adjusted. Policy review scheduled in September baked.<br /><br />City, Prime Minister and Finance Minister Najib Razak will be measured in the October 23 count case of the 2010 amendment to the national auto policy announced (NAP) content.<br /><br />OSK research analyst Emomafu believe that the new administration over the past few months as far as opening up competition in the domestic automotive domain program "about right", including the opening direction to allow foreign car companies and local assembly become strategic partners, and co-operation may involve equity.<br /><br />"As the VW (Volkswagen) and General Motors (General Motor) plans to play for the automotive manufacturing center in Malaysia, is conducive to stimulate domestic economic hub, the government may limit cooperation with foreign investors looking forward to changes . "<br /><br />He pointed out that the demand for foreign partners to a very important strategy in addition to adjustable targets and monitoring technology to achieve sharing, to prevent any form of intellectual property infringement. However, if the local partner can successfully form an alliance with foreign capital, will be shared through technology to improve their cars competitive, and to share resources and achieve cost efficiency, economy.<br /><br />If the relaxation can bring parts industry<br /><br />City, was recently rumored that VW may be in the coming months in Kuala Lumpur in an auto parts sourcing center, now with several local car companies such as Proton, multi-resource industries (DRBHCOM, 1619, board of industrial products group) and some local parts manufacturing companies to discuss cooperation plans to expand the loading rate of 40% of the local rental.<br /><br />"If the government relaxed restrictions on foreign investment negotiations, in addition to the industry by, it can promote the local parts industry such as British martyr (INGRESS, 7112, board of industrial products group), EP system (EPMB, 7773, board of industrial products group ) with TSM Global (TSM, 8842, board and trade services group) performance of growth. "<br /><br />In addition, he considered that the Government would put Proton (PROTON, 5304, board of consumer goods group) changes the future development advantages as a major consideration. If continuing to open up competition, may be compressed Proton local market share, and finally over the past few months, made from the second car (Perodua) away advantage.<br /><br />Proton material open and cooperative relations strategy<br /><br />"If the Government hopes to continue to maintain Proton market share is expected to remain with the spread of foreign cars, import cars in this city look forward to reducing the domestic tax should be wishful thinking did not turn out."<br /><br />However, he prefers the Government may open Proton strategic partnership, "platform equally shared" mode, so that Proton can interoperate with each other and foreign resources, indirectly, from partner Gong allow Proton to enter a foreign market.<br /><br />Nevertheless, as the Government has not yet issued a revised Foreign suggested that this Emomafu real economic benefits which can not be assessed. However, he prefers to be integrated automobile manufacturing industry, especially the low-end tier auto parts manufacturing business may be integrated to address the ever-present "adequate" problem.<br /><br />Is not expected to significantly open<br /><br />Kenner analyst who asked not to be named, said that the recent results to the city to get an industry, most do not think the Government will substantially open the auto industry to survive still suffer the pressure of local cars.<br /><br />"Car license (AP) issue expected to continue stalemate, not expressly amend the draft. Although I believe the government will gradually relax the auto industry, but the material will be a gradual process, in particular, the domestic auto industry still can not get rid of stress, in order to protect local the interests of the automotive industry, the Government will not fully open the door competition. "<br /><br />She believes that even if the Government to open restricted stock cooperative, limited stock is still expected to sell no more than 50%. "Because of the wide issue of shares involved, including the introduction of the directors may take the opportunity to interfere in the direction of business operations, the government should try not to touch this piece of sensitive issues, even if there will be many restrictions on open shares."<br /><br />However, she optimistic about domestic sales will be integrated with the parts distribution network, for this long outstanding matter is the government, the not involve foreign investment, while economic nascent recovery O'clock this whole reasonable.linghttp://www.blogger.com/profile/16582328418254807034noreply@blogger.com0tag:blogger.com,1999:blog-2960082071180351449.post-63436875081311384792010-08-22T08:05:00.000-07:002010-08-22T08:06:23.783-07:00Market share of 36.7% ‧ ‧ government crackdown cigarettes British American Tobacco: Operators should not re-class tobacco tax caseRoyal Malaysian Customs Authority disclosed earlier, Malaysia cigarettes accounted for 36.7% of the domestic cigarette market, so that the tobacco industry called on the Government to address market cigarettes and to take more effective measures against the proliferation of illicit activities.<br /><br />Malaysia British American Tobacco (BAT, 4162, board of consumer goods group) managing director plot Kebaoweisi that the fight against illicit cigarettes, the government will soon announce the 2010's Budget should only modest growth rates, and strong law enforcement, heavier sanction cigarettes more dangerous action and awareness, are all effective action against illicit cigarette activities.<br /><br />Among the 36.7% of smuggled cigarettes, 80% of Peninsular Malaysia, a year ago, Malaysia among the pack of cigarettes every 4, there is a package that smuggling of cigarettes, the current situation worse, that there is a pack of cigarettes every 3 package is cigarettes.<br /><br />Product Kebaoweisi a statement that illegal cigarettes the tobacco industry has become the largest operator in Malaysia. In the first six months, legitimate tobacco market share of 11%, have been smuggling cigarettes away.<br /><br />He said that almost all of the illegal cigarettes are smuggled from overseas, imported, counterfeit cigarettes does not appear local. Illegal use of foreign and domestic criminal organizations, large cigarette price gap for illicit cigarette activities.<br /><br />He said many believe that will crack down on cigarette smuggling is only the legitimate cigarette makers, in fact, the impact is more deep, including the Government's annual loss of about 1.5 billion ringgit in revenue, if a good use of Fu 人民. Global government lost tax cigarettes, estimated to reach over 40 billion U.S. dollars annually.<br /><br />"If the lack of effective response measures, cigarette smuggling activities of these materials will continue to grow, making them the Malaysian tobacco industry's biggest operators. The tobacco industry who hope that the Government is serious about implementing the tax increase due Ji Zhu Jian Fang Shi. Facts have proved that tax increase, with cigarette smuggling activities directly related to the new Singapore and Hong Kong is a good example. "<br /><br />The growth rate of illicit cigarette activities tax<br /><br />He said that since 2002, the tobacco industry increased the tax each year, one on the last 2 years of growth accounted for 50% of the peak of Dian Da Dao to the level of the tobacco industry to speed cigarette smuggling cigarettes to replace the legal status, but City did not increase overall consumption.<br /><br />He pointed out that cigarette smuggling syndicate may make further use of the money funding other criminal activities. Mere monetary fine is not sufficient to curb illicit cigarette activities. When present, the Government is considering more stringent and imposed heavier penalties against smuggling of cigarettes, wholesalers, retailers and even consumers.<br /><br />According to lead, cigarettes, nicotine and high levels of unknown substances, it will be more seriously affected the health risks of smoking.<br /><br />He pointed out that the first quarter of 2009, the Government take the cigarettes by 76%. The government departments in tackling cigarette smuggling gratifying.linghttp://www.blogger.com/profile/16582328418254807034noreply@blogger.com0tag:blogger.com,1999:blog-2960082071180351449.post-66034009097214016662010-08-22T08:01:00.000-07:002010-08-22T08:02:19.961-07:00Slow expansion of sales expected to slow next year ‧ BardiniBardini Holdings (PADINI, 7052, board consumer groups) as the rate of expansion slowed in 2010, the annual total sales growth will slow.<br /><br />Bardini Holdings executive director Chen Guixing accept the "Reuters" Access said: "The original plan for additional retail space will be halved."<br /><br />Bardini Holdings as of June 30, 2009 fiscal year sales jumped 24% to 400 million 77 million ringgit, while net profit rose 19% to 49.5 million ringgit.<br /><br />He said the current fiscal to maintain the same growth may be a little bit, to increase the retail space has slowed.<br /><br />"And the 2008 fiscal year and an additional 90,000 square feet in fiscal year 2009, an additional 140,000 square feet of retail space compared to Bardini holding only intend to introduce in fiscal 2010, 40,000 square feet of retail space."<br /><br />Malaysia in the first quarter grew 6.2% contraction in the second quarter continued to decline by 3.9%.<br /><br />Introduction of new products and creating more outlets<br /><br />Despite the economic downturn, Bardini owned business still achieved growth. In addition, Bardini Holdings also introduced new products and open more stores.<br /><br />Chen Guixing said: "The sales increase was mainly dependent on the new addition of retail space."<br /><br />Bardini Holdings was founded in 1971 OEM brands of clothing, since the late 80s to early 90s the booming economy to stimulate domestic consumption, Bardini they came to build their own brand.<br /><br />Bardini Holdings currently in Southeast Asia and Middle East sales in 12 countries 9 brand fashion goods, including clothing and women's shoes and accessories.<br /><br />Chen Guixing said that despite the increasingly competitive local city, but the company has no plans to further strengthening the export market. Currently, overseas sales accounted for only 10% of total turnover.<br /><br />Domestic retail market is still profitable<br /><br />He said: "We do not enter the export markets Di relevant plans or strategies, for us, Guo Nei's retail market Rengran profitable, Erqiegongsi in Ci it well. Here, we will continue to focus on local City. "<br /><br />Bardini stock price rose 14.63 percent so far this year, performance has surpassed the competition, but still lags behind the market's 37% increase.<br /><br />Competitors take fashion (VOIR, 7240, board and trade services group) dropped 10.56 percent this year, Baoli institutions (BONIA, 9288, board of consumer goods group) were down 12.28%.linghttp://www.blogger.com/profile/16582328418254807034noreply@blogger.com0tag:blogger.com,1999:blog-2960082071180351449.post-36313823908716865922010-08-22T07:57:00.000-07:002010-08-22T08:00:26.322-07:008 changed 3 ‧ merger business integration of the region to promote the profitability of CIMBBumiputra renamed CIMB Group (CIMB, 1023, board financial group), reaching the securities that the CIMB Group, the completion of the regional business integration operations to save costs and boost sales potential, facilitate strong profit performance group .<br /><br />CIMB Group has completed the Malaysia, Indonesia, Thailand and Singapore and 8 to 5 business integration, including investment banking, asset management and insurance, treasury, credit cards, and the Islamic bank, a regional platform for business for their enterprise resources, information technology and operations, Group Risk and Group strategy and financial operations.<br /><br />Business contribution to the 70 million U.S. dollars in Indonesia<br /><br />CIMB Group's management has revealed that the Indonesian Lippo and commercial bank mergers of 平均 Operation Rate Xiezuo, annual pre-tax profit for the Group's contribution to 70 million U.S. dollars, including savings Cheng Benyue 21.3 million U.S. dollars and Ying Yee collaboration benefits to 48.7 million dollars.<br /><br />Pacific Securities, said material CIMB Group in Q3 2009, will target regional bad debt on schedule the implementation of an enterprise; "bad bank" is that this group of individual companies, including Malaysian and regional business can be transferred all the bad debts, the last Provision for doubtful debts of 1.1 billion ringgit approved.<br /><br />This regional "bad bank" special tool company, will improve the "good bank" of the bad loans ratio to 1.3% level (the second quarter of 2009, 2.4%), and the recovery of loan losses increased to 120.7 percent, the second quarter of 2009, compared with only 90.3%.<br /><br />Foreign ownership rose to 39.5%<br /><br />CIMB Group as of 2009 only 8 Yuemiao foreign ownership rose to 39.5%, compared to 34.9% 7 Yuemiao. Shares in August from 12-month high price of 10 ringgit fell back 80 cents. However, share price performance so far this year, or beyond the FTSE and other banks in Malaysia the KLCI peers.<br /><br />Group net profit up to test the Securities couplet Chang unchanged 2009/2011 year net profit growth were 16.3,19.1 and 21.4%, respectively, to 2.2 billion 70 million, 27 billion and 3.2 billion 80 million ringgit.<br /><br />"The above scenario will include the average loan growth of nearly 12%, higher non-interest income and a more significant contribution to Islamic banking, in particular market conditions and improvement in financial market sentiment, strong efficiency and credit rate of approximately 90 basis points so too. "<br /><br />Pacific Securities, said CIMB Group's management believes that the operating environment of 2009, even optimistic than the period. Despite signs that consumer sentiment improved thread, the second half of 2009, increase trading activity. However, CIMB Group is to maintain sound management approach, the global economic recovery is still fragile.<br /><br />"CIMB there will still be formed behind the effect of bad debts is expected in the second half. This business integration is still the main catalyst to promote the profitable performance."<br /><br />The Securities couplet Cheung Holdings price target maintained at 10 ringgit 20 cents, to to "sell" rating. Shares the main landing catalysis, including the region, particularly Indonesia and Thailand, business performance, will be 50 branches in the rationalization of the potential cost savings arising from the cross within the strategy's performance, disposal Sime Darby (SIME, 4197, board trade Services Group) shares of potential profits, capital market continued to rebound and the emergence of more trading opportunities and trends in foreign investment portfolio (inflow or outflow) and so on.linghttp://www.blogger.com/profile/16582328418254807034noreply@blogger.com0tag:blogger.com,1999:blog-2960082071180351449.post-26616344192207619652010-08-18T22:29:00.001-07:002010-08-18T22:29:24.531-07:00Chen sang gorgeous mountain setting foot overseas subsidiariesShan Chen gorgeous singing (WARISAN, 5016, motherboard Trade Services Group) announced the establishment of a new subsidiary-ATM Labuan to involved in overseas operations in the future, the new subsidiary of a registered capital of 10 million U.S. dollars (approximately RM 35,064,600 RM).<br /><br />Chen Sing-fat message magnificent mountain that has been involved in setting up new subsidiaries to overseas business, registered capital of 10 million U.S. dollars.<br /><br />The establishment of the new subsidiary will not profit as at 12 Yuemiao into effect.linghttp://www.blogger.com/profile/16582328418254807034noreply@blogger.com0tag:blogger.com,1999:blog-2960082071180351449.post-76393806774095057002010-08-18T22:27:00.001-07:002010-08-18T22:27:57.900-07:00Assessment and more timely business advice ‧ Kulim announcedKulim (KULIM, 2003, board cultivation group) received several companies to corporate and commercial arrangements, Kulim in evaluating the proposals will be announced when appropriate.<br /><br />Kulim in answer exchange company has received inquiries about the proposed offer to acquire Papua New Guinea, New Britain Palm Oil (NBPOL) lead the company's equity made the answer.<br /><br />Kulim said that its own companies, in addition to NBPOL, there are Kentucky Fried Chicken (KFC, 3492, board and trade services group), QSR Brands (QSR, 9415, board and trade services group) and so on, and continue to make all parties received 3 business and commercial arrangements, this company is expected to increase in shareholder value, assessing the Jian Yi, once any proposal has for precision inspection, or demand the company Board of Directors approved, will make timely publication.linghttp://www.blogger.com/profile/16582328418254807034noreply@blogger.com0tag:blogger.com,1999:blog-2960082071180351449.post-15214297106392893542010-08-18T22:25:00.000-07:002010-08-18T22:26:11.600-07:00130 000 000 signed purchase Borcos shipping up to 40% ‧ Ocean Engineering 2.0 billion bid for next yearDayang Enterprise (DAYANG, 5141, board and trade services group) look at next year's bid for 4 to 8 about 20 million ringgit worth of contracts, and plans to purchase another 10 vessels by 2012 only.<br /><br />Up to foreign enterprises in China will focus on contracts for the time being will not tender an overseas project.<br /><br />Dayang Enterprise Wednesday (September 9) announced that 32.08 million ringgit to 100 million cost of AWH Equity Holdings Sdn Bhd to acquire Borcos Shipping Pte Ltd 40%.<br /><br />With this acquisition, up to foreign businesses from 11 am to suspend stock trading, shares rose 10 cents at one time to 46 sen of RM1, suspension of trading before the last trading price of 40 sen of RM1, rose 4 cents, midday resumption , price momentum less, 39 cents to close at RM1 hanging, rose 3 cents a day.<br /><br />Dayang Enterprise managing director Tengku Yusof said after the signing ceremony in the acquisition, the company will bid for 4 to 8 next year, local contract, worth 2.0 billion ringgit.<br /><br />In addition, the company also plans in 2012 from the original five vessels increased to 15.<br /><br />He said: "The foreign companies have been completed up to 1.2 billion ringgit worth of contracts, currently holds 700 million ringgit in order to meet a busy 2012."<br /><br />Early in December to open large shareholders<br /><br />On the other hand, he said the company will be held early in December large shareholders to seek shareholder proposals through the acquisition of Borcos shipping, and taking into account the acquisition will be completed by year end.<br /><br />"As the company holding a 100 million ringgit in cash flow, this 20% will be paid in cash, the remaining 80% and borrow."<br /><br />Tengku Yusof said that through this acquisition program can be expanded up to foreign companies in the oil and gas industry's growing availability of development activities, and offshore shipping services provider dedicated work of integration. It can also participate in major marine transportation and support services companies.<br /><br />"At present, foreign enterprises only have up to 5 boats, but it has more than 33 Borcos shipping vessels. Here, the strategic acquisition will create synergies with complementary business up to foreign businesses."<br /><br />He said, Borcos shipping seized in 2010 provided 65 million ringgit after-tax profit guarantee, up to a 40% stake in foreign companies will help the strong profit performance.<br /><br />Asked to expand their business plans to Brunei, he said, is still in the preliminary stages of negotiation, it is estimated the next 6 months there will be results.<br /><br />Borcos shipping or for horse-share listed<br /><br />Borcos Shipping Pte Ltd may seek in Malaysia Stock Exchange.<br /><br />Dayang Enterprise chairman Datuk Wan Ali Wan Hamzah said after the signing ceremony in the acquisition, Borcos shipping orders since the total value of 300 million ringgit, and in the after-tax profit of 48 million made last year, the ringgit, but the listing will depend on City status.<br /><br />He said: "Companies listed on the original plans in 2005, but not good for the market but do stop, switch to another way of funding."<br /><br />With the current market situation, up to foreign enterprises do not rule out the resumption of the listing.<br /><br />Wan Ali Wan Hamzah said the company management, including crew boats, security guard ships, special vessels offshore work, the port tugs, general craft, air boats, landing craft and general-purpose vessels.<br /><br />6 vessels to receive year-end<br /><br />6 vessels to receive year-end addition to the above 33 vessels, the up to foreign companies this year-end account to receive six vessels, including two general-purpose boats, and four private boats offshore work, namely, from now until the year -end delivery.<br /><br />He said another project for the deep sea, equipped with dynamic positioning capabilities of the dedicated work of two offshore vessels, currently under construction which, total delivery in 2011.<br /><br />Set up 28 years of Borcos shipping, is the second largest private shipping work offshore suppliers, specifically for the offshore oil and gas industry to provide maritime transport and support services. Currently, Borcos shipping operations in the Middle East, but in the domestic market is also occupied a great rate.linghttp://www.blogger.com/profile/16582328418254807034noreply@blogger.com0tag:blogger.com,1999:blog-2960082071180351449.post-18432682441791131012010-08-18T21:47:00.000-07:002010-08-18T21:48:29.520-07:00Xinduo La 14.38 million sale of debt relief shipXinduo La (SINDORA, 6106, board of industrial products group) sold off nearly 14.38 million ringgit a liquefied natural gas vessels, the release of funds of about 10.33 million ringgit will be used to reduce the loan, the balance as working capital.<br /><br />Xinduo La-fat message that the subsidiary EA Technique (M) Sdn Bhd (EAT) to about 14.38 million ringgit off sale of liquefied natural gas vessels to repay the loan and as working capital.<br /><br />It projects that in Q4 of this year to complete.<br /><br />The disposal program is part of the vessel Xin Duola updated plan to sell off the older ships. The disposal also to EAT to focus on other profitable business better.linghttp://www.blogger.com/profile/16582328418254807034noreply@blogger.com0tag:blogger.com,1999:blog-2960082071180351449.post-86570243986572904812010-08-18T21:46:00.001-07:002010-08-18T21:46:54.436-07:00Ellis strong scientific and technological cooperation in the domainEric Williams (IRIS, 0010, GEM Technology Group) announced QUANTUM PERSISTENT Resources signed a memorandum of understanding to jointly prevent the strong forensic and scientific and technological cooperation project to pave the way domain.<br /><br />Ellis issued a statement that the memorandum of understanding is mainly to promote bilateral cooperation in fields involving technology, including quantum continuous reflection (QPR) related research and development and commercial development.<br /><br />Quantum continued to use the solar energy reflection technology of electricity, desalinated water, Dong and boil water, and the production and promotion of production of environmentallylinghttp://www.blogger.com/profile/16582328418254807034noreply@blogger.com0tag:blogger.com,1999:blog-2960082071180351449.post-28160606288819325682010-08-18T21:41:00.000-07:002010-08-18T21:43:17.051-07:00yed Mokhtar's Foundation join hands with India ‧ 490 亿 46% share of Kuwait Zain TelecommunicationsMalaysia's indigenous entrepreneurs 丹斯里赛莫达 of al-Bukhari Group, a consortium with Indian partners, together with 14 billion U.S. dollars (about RM 49 billion pounds) acquisition of listed mobile telecommunications company Zain Kuwait's 46% stake in telecommunications .<br /><br />al-Bukhari Group of the Indian partners, including India's state-run telecom service provider-Bharat Sanchar Nigam (BSNL), Mahanagar Telephone Nigam Vavasi Telecom Group Company and is expected the acquisition will be completed within 4 months into.<br /><br />Zain is the UAE's largest mobile telecommunications<br /><br />Zain Telecom is the largest mobile telecommunications company United Arab Emirates, Middle East and Africa in 23 countries with 65 million mobile phone users. As of this week two (Sept. 8), this company's market capitalization of 230 billion (about 80.5 billion ringgit).<br /><br />The company's largest private shareholder - Viagra Rafi Group Chief Executive Officer of Bali Diais may Rafi said at a press conference earlier, according to the provisions of Kuwait Stock Exchange, the acquisition will be a one-off models paid. Kuwait Investment Company responsible for the national arrangements for the equity transaction.<br /><br />He said the deal KD 2 per share (about 7 U.S. dollars), about the current market price per share Zain Telecom 1.5 dinars (about 5.2 U.S. dollars).<br /><br />The Government of Kuwait holds 24.6% stake in Zain Telecom, which paid-up capital of 400 million 27.5 million Kuwaiti dinars (about 1.4 billion 90 million U.S. dollars).<br /><br />He said, Zain Telecom's 46% stake of about 20 million shares, if the price of 2 dinars per share, the total purchase price was 3.9 billion, 33 million dinars, or equal to 13.7 billion U.S. dollars.<br /><br />"46% stake to a controlling interest, as this company of which 10% of the shares held by the Company Board of Directors, and no shares of voting stock."<br /><br />Last week, shareholders voted in favor of this right of cancellation of foreign ownership restrictions to allow foreigners to hold majority controlling interest.<br /><br />Bali Diais may Rafi said the company believes that this is a good opportunity to sell shares back, but buyers and sellers of the transaction are profitable, their place.<br /><br />July 9 this year, since the news that Zain telecommunications market shares may change hands a message to share around Going up 53%. India and Malaysia currently 46% stake in the consortium in their respective shareholding allocations, it is not clear.linghttp://www.blogger.com/profile/16582328418254807034noreply@blogger.com0tag:blogger.com,1999:blog-2960082071180351449.post-48750078647302834422010-08-18T21:35:00.000-07:002010-08-18T21:40:33.474-07:00Nestle, Hershey and Kraft wants to eat CadburyWorld's second largest confectionery group Cadbury Schweppes UK (Cadbury) earlier had refused to Kraft Foods Inc. (Kraft) takeover proposal, and now came Nestle (Nestle) and Hershey (Hershey) two companies are also interested to buy.<br /><br />Cadbury confectionery industry scramble overnight become the subject of worth in this company is expected to rise to 210 billion dollars.<br /><br />Shares surge<br />Cadbury market capitalization of 17.5 billion U.S. dollars<br /><br />Kraft earlier acquisition of Cadbury bid 16.7 billion U.S. dollars, to build a global retail, confectionery and fast food giant, but rejected Cadbury to price too low.<br /><br />Cadbury share price soared 38% on the 7th, the market reached 17.5 billion U.S. dollars, exceeding Kraft's offer, indicating investors expect the industry to improve Kraft purchase price or other code. Cadbury 8 disk prices continue to rise 2.6%, 803 pence per share.<br /><br />According to Evolution Securities, Panmure Gordon Capital Corporation and Gai Pule City Corporation (Kepler) said the world's largest food industry may hinder competitors Nestle Kraft's acquisition plans, and one way is to buy and carve up an alliance with Cadbury Hershey , received by the Nestle Cadbury's gum business, Hershey chocolate business is to receive.<br /><br />The market research industry, according to Euromonitor International (Euromonitor) pointed out that Kraft if successful annexation of Cadbury, the world's candy market rate will have the world's largest confectionery industry Mars (Mars) 15% of the comparable, but Nestle city rate was 7.6%, the Kraft deal, if passed, would be harmful to Nestle.<br /><br />Hershey will not sit with the M & Cadbury<br /><br />A familiar Hershey's have also pointed out that Hershey can not sit idly by Kraft or other acquisition of Cadbury with the industry. He said: "Cadbury Hershey as the last one available for the industry mergers and acquisitions of large companies, this may be Kraft's offer to respond."<br /><br />But the market value of about 8.8 billion acquisition of Cadbury to Hershey, funding may be difficult, this alliance with Nestle on possible election.<br /><br />Nestle Chief Executive Officer Buck (Paul Bulcke) 7 at a media event, said that any acquisition opportunities consistent with corporate strategies are open.<br /><br />It is understood that Nestle earliest in January next year will be the system provider Alcon contact lens solution (Alcon) to sell shares of Novartis Pharmaceutical (Novartis), total revenue reached 24 billion U.S. dollars, M & A funds may be source.<br /><br />Nestle was the high rate of mobile phone<br /><br />On Cadbury eyeing the industry include Kellogg (Kellogg) and Pepsi (Pepsi Co). But Kraft has said it will restart negotiations to persuade Cadbury.<br /><br />London Jefferies analyst Bill Lockyer said: "The candy industry consolidation and the wind is nearing completion." Nestle since 2001 of the Lockerbie believes that the high probability of succeeding by Nestle.<br /><br />But Cadbury declined to comment on whether the acquisition of other companies.<br /><br />On the other hand, Moody's, Standard & Poor's, reputation ratings are down to watch list included Kraft, the Kraft acquisition of Cadbury, if successful, Kraft will be back more debt which is detrimental to its credit quality.linghttp://www.blogger.com/profile/16582328418254807034noreply@blogger.com0tag:blogger.com,1999:blog-2960082071180351449.post-70331685062224516912010-08-18T21:31:00.000-07:002010-08-18T21:33:21.692-07:00BJtoto has been ahead of the first quarter dividend(Kuala Lumpur) Successful lot (BJTOTO, 1562, board and trade services group) generally consistent with results of the first quarter, analysts of dollars in the second half performance will be more rosy; as in the first quarter interim dividend was 19 cents ahead of the previous quarter distribution, equivalent to 238% dividend policy, expected next quarter dividend will tend to be conservative.<br /><br />Shares subject to incentive<br /><br />As the lower payout rate, lots of success achieved in the first quarter 100 000 000 452 000 ringgit zero net profit, 8.73% a year higher. Supported by the excellent performance, lots of success, opening with higher stock prices, investors bought into the nozzle, the whole day once 14 cents, or 3.24% higher to 4 ringgit 46 cents, more than 3 weeks for the biggest gain since, closing time hanging 4 ringgit 40 sen, Jan 8 cents.<br /><br />As in the first quarter of lottery sales according to 5% higher to 800 million 33 million ringgit, but each lottery sales are flat, about to change due to material lottery form. For this reason, only micro-Jan turnover by 0.03% to 800 million 26.165 million ringgit, while the other lead is the Prime Gaming Philippines, lower turnover contribution.<br /><br />Ahead of the first quarter dividend distributed in July<br /><br />Lot of success early in the first quarter on July 15 to distribute an interim dividend of 19 cents, and 14 to get a way to distribute treasury shares, equivalent to 30.5 cents per share. The dividend in July 27 transfer.<br /><br />Lot of success the second half of the Supreme lot of lottery (POWERTOTO6/55), gained 12 times that particular color, the more standard green happens to come into operation, will exceed the first half of the performance, and Q4 is traditionally Strong stability of the season.<br /><br />Extreme minimum lot lottery prize money of 3 million ringgit, very attractive, material from the 3rd quarter 4th quarter or contribute enough to offset the universal (MAGNUM) launched with a million words per Jackpot (4D) the impact of the game.<br /><br />In addition, the City keen on the tellers, and numerous successful monopoly lottery game, is taking this business very critical.<br /><br />CIMB-GK research: outperform<br />Target price: RM5.95<br /><br />Successful lot of market share remained stable, ranging from 42 to 43 percent, thanks to the game and become six million words only trading industry; maintained from 2010 to 2012 net profit estimate and weekly income test.<br /><br />OSK research: buy<br />Target price: RM4.90<br /><br />Reduce the numerous successful financial year 2010 and 2011 dividend payout ratio to 31 cents and 35 cents per share, equivalent to 75% of the dividend policy, indicating areas in the dividend is normalized, namely, only the next quarterly distribution of 4 to 6 cents dividend. 2010-2011 financial year net profit estimate was 400 million and 400 million 30.6 million 57.2 million ringgit.<br /><br />Malaysian studies: buy<br />Target price: RM5.18<br /><br />Successful lot of net loans as of April amounted to 300 million 55 million ringgit, while net debt stood at 1.7 times than that, but interest rates still at 41 times the coverage, the annual operating cash flow is also expected between 500 million from 50 million to 600 million ringgit, Week of 7% interest rate is the biggest attraction.<br /><br />Pacific Securities: buy<br />Target price: RM5.20<br /><br />With the new game board, namely, lots of success will be achieved 8% sales growth, maintain fiscal year 2010-2012 forecast 20.1 million to 400 million, 400 million and 500 million 83.9 million 28.6 million ringgit.<br /><br />ECM Libra study: buy<br />Target price: RM5.80<br /><br />Meter lot in the next quarter, the successful distribution of 15.1 cents dividend payout rate of 100% if full year dividend of 34.1 cents dividend yield will reach 7.9%.<br /><br />MIMB Investment Bank: Buy<br />Target price: RM5.00<br /><br />As the success of the first quarter dividend distribution of a large lot in advance, this does not expect the second quarter and 3 quarter dividends are so superior that all Xu as the company's cash flow.<br /><br />2010 and 2011 fiscal year net profit estimate was 400 million and 400 million 25.5 million 55.6 million ringgit.linghttp://www.blogger.com/profile/16582328418254807034noreply@blogger.com0tag:blogger.com,1999:blog-2960082071180351449.post-12047139851286576392009-10-31T02:46:00.001-07:002009-10-31T02:46:21.977-07:00Government works to promote recovery in the steel sector was revised to short-term buyIn view of the Government will vigorously promote the construction in 2010, as well as stimulate the economy and supporting the various works, therefore, analysts believe that this will certainly be able to iron and steel sphere into the road to recovery, two pairs in the field rating from "neutral" was revised to "short-term buy." <br> <br> CIMB Investment Research analyst pointed out that in the past few months, can be signs, such as economic growth, construction and manufacturing recovery in steel demand to see a gradual return to warm message. <br> <br> He said: "The Government first met in November 2008 and March 2009 to launch two worth 67 billion ringgit package to stimulate the economy, while in the past few months about the construction activities to stimulate the economy and supporting the news are very good, therefore, we expect the construction sector will grow 2.6% this year, next year's growth will increase to 4.0%. " <br> <br> He revealed that, in addition to the construction sector, the manufacturing index also showed that the manufacturing sector in the past 5 months to obtain a monthly rise. <br> <br> He said: "In addition to the region beyond the package to stimulate our economy, our country there are up to 76 billion ringgit of the large-scale projects yet to be conducted, which the steel sphere is a good omen, should be able to make demand for long steel products to re - the rise. " <br> <br> Long steel products began back in April Young, followed by flat steel products are also in July to improve, so analysts believe that China's serious economic contraction has bottomed, and is expected to move towards stability and recovery. <br> <br> Malaysian economy bottomed out <br> <br> He said: "Since the fall of steel prices in Late last year, after, and now has been in a rising trend; exports have rebounded, and in most of the month, its performance was beyond the 2007 and 2008 levels." <br> <br> In addition, analysts pointed out that despite a long steel manufacturers in the second quarter of this year, been successful in reducing losses, but they are still in the first half of this year, make ends meet dilemma. <br> <br> "Therefore, we believe that most of the iron and steel manufacturers should be using their high-priced scrap metal inventory can be seen from the iron and steel plant in the fourth quarter of 2008, a large number of write-down of inventory reflected. <br> <br> "From this trend, coupled with the steel demand is rising, export orders for more, as well as steel prices rise, steel companies in the second half of this year's performance should be better, and more iron and steel factory owners to switch from the third quarter of losses for the surplus. " <br> <br> Analysts believe that the steel industry was the catalyst for re-evaluation include: to stimulate economic package pushed up demand for steel, start large-scale construction projects, as well as the 2009 changes in the second half of the potential benefits. linghttp://www.blogger.com/profile/16582328418254807034noreply@blogger.com0tag:blogger.com,1999:blog-2960082071180351449.post-26644488870223237322009-10-31T02:42:00.000-07:002009-10-31T02:44:18.376-07:00Stimulus package are good prospects<span style="font-weight:bold;">Stimulus package are good prospects for South-East Asia continued for Yue resources, promote the good image</span><br /><br /> <br />To stimulate the economy because of the prospect of supporting good, especially in the Southeast Asian countries, so Yue resources (AnnJoo, 6556, Bhd) continue to be analysts sing praises, was "short-term buy" rating.<br /><br />Analysts pointed out that the company plans to blast the first half of 2010, will be completed in addition to the company to provide higher-quality steel, the can also reduce production costs and enhance profit margins.<br /><br />"While we maintain our earnings forecasts and to assess, but we will at a reasonable price, from 3.09 ringgit per share, revised up to 3.50 ringgit, because we will be the benefits of these factors pushed to 2010 by year-end."<br /><br />Preferred shares of Building Materials<br /><br />The company's potential on the revised catalysts include: a high utilization rate and exports, as well as the ongoing blast furnace plans are designed to improve the company's earnings power.<br /><br />As the company has the lowest PE ratio in 2010, and the highest three-year earnings per share 18% compound annual growth rate, therefore, continues to be the building materials in the field of securities firms are the preferred shares.linghttp://www.blogger.com/profile/16582328418254807034noreply@blogger.com0tag:blogger.com,1999:blog-2960082071180351449.post-4587093772571888382009-10-08T02:35:00.000-07:002009-10-08T02:36:42.590-07:00A H1N1 in Genting Malaysia flu outbreak visitors expected second-quarter earnings fallAs the economic crisis, coupled with A (H1N1) influenza pandemic to reduce the tourists, analysts expect Genting, Malaysia (GENM, 4715, Bhd) as the second quarter of 2009, only sales and revenue decline will occur by year trend.<br /><br />However, a defense based on the company's earnings and cash-rich, analysts raised the target price to 3.25 ringgit.<br /><br />Malaysia Investment Bank pointed out that they believe that as tourists in particular, to reduce the number of visitors from Singapore, the company ended the second quarter of 2009, the turnover will be down to single-digit annual growth; the same time, its revenue is expected by year dropped sharply since the second quarter of 2008 net profit luck factor in the improvement of the contrast too high to make this year's level.linghttp://www.blogger.com/profile/16582328418254807034noreply@blogger.com0tag:blogger.com,1999:blog-2960082071180351449.post-9448070241907336382009-10-08T02:33:00.000-07:002009-10-08T02:34:29.402-07:00Race Amin: the number of financial institutions willing to financeRecently proposed acquisition of all domestic charges Avenue Asas Serba Sdn Bhd said it has several financial institutions to reveal to them the wishes of all fees and charges for the acquisition of the domestic part of the Avenue of the plan to provide financing.<br /><br />According to "Malaysia Reserve" reported that, Asas Serba Chairman Datuk Syed Amin said they will market a variety of financing models to raise the remaining funds needed acquisitions.<br /><br />He revealed: "In the Government's proposals have been submitted to the book, we have also included in the upcoming financing used to raise funds."<br /><br />Is also the Kuala Lumpur Malay Chamber of Commerce of the race Amin pointed out that the company will ensure that the acquisition of the company's borrowing costs Avenue, low enough to allow the acquisition is completed, road charges will remain low.<br /><br />In any case, he did not say, as at present, the company has several financial institutions with which to conduct negotiations for the financing of evolution.<br /><br />Asas Serba issued a statement last week that the company has this year, May 5 to submit proposals to the Government to seek the full support of the Government's acquisition of all of our road the company's management and operating rights, including their debt and equity.<br /><br />The company also plans to integrate and streamline all franchises Avenue, and later reduce the road toll by 20%, as well as the right to operate in the remaining period of the maintenance of rates.linghttp://www.blogger.com/profile/16582328418254807034noreply@blogger.com0tag:blogger.com,1999:blog-2960082071180351449.post-79663963295925454922009-10-08T02:32:00.000-07:002009-10-08T02:33:18.694-07:00Affect the reputation of the cost of the huge North-South Road will not be acquired or privatizedIn view of the huge costs involved, analysts believe that North-South Road (PLUS, 5052, Bhd) has been acquired or privatization plan is to not happen at the same time, this will also undermine the prestige of Malaysian toll road, for closed Fee Avenue company.<br /><br />At the same time, private companies can not buy the country's road company, because just the North-South Road, (PLUS, 5052, Bhd) in market capitalization over 20 billion ringgit, while the rest of the road bonds issued by companies more than 26 billion ringgit .<br /><br />The media reported that Asas Serba private limited plans to buy a domestic 22 Avenue, CIMB-GK Research analyst expressed a negative surprise, and pointed out that in view of the acquisition of this into a huge, financing is the most important obstacle to the transaction.<br /><br />Analysts said that, assuming that private companies interested in acquiring the North-South Road, the acquirer would have to face a huge cost, simply on the basis of the market value of the North-South Road, more than 10 billion ringgit, coupled with the acquisition of its road, worth over 20 billion ringgit.<br /><br />In addition, private companies acquired 22 Avenue franchise is also unlikely, because the buyers need to take into account the issue of bonds (worth over 26 billion ringgit), which will increase its acquisition costs.<br /><br />As for the plans to the state of North-South Road, the analysts pointed out that this initiative will be the first to block the privatization of toll road companies.<br /><br />However, analysts said that in this case, the government nationalized the nation's largest toll road franchise, not to be bullish investors or bond holders, and this move will affect the Malaysian toll road franchise, reputation.<br /><br />However, analysts pointed out that, whether private companies or government acquisition of the North-South Road, will cause instability of the stock options, as during the acquisition negotiations often take a longer time, so the maintenance of the North-South Road, the "neutral" rating, target price of 3.55 ringgit.linghttp://www.blogger.com/profile/16582328418254807034noreply@blogger.com0tag:blogger.com,1999:blog-2960082071180351449.post-91147796167258265472009-10-07T03:12:00.001-07:002009-10-07T03:12:54.063-07:00SMEs in corporate taxes should be lowered to 18%Malaysian Chinese Business Association of SME survey team leader Kongling Long said that in order to reduce the burden on small and medium enterprises, he had the Ministry of Finance suggested that corporate tax for small and medium enterprises, the original and some 20% to 17% to 18%.<br /><br />Kongling Long said he attended the recent 2010 Budget, the ad hoc group (Focus Group) talks, he put forward these proposals.<br /><br />"I also suggested that the taxable profits of small and medium enterprises from the current 50 million ringgit, an increase to 100 million ringgit."<br /><br />"Of course, I understand that at present can not be transferred to corporate taxes are too low, due to our introduction of consumption tax is now not yet (GST), the Government has no other source of revenue."<br /><br />At the same time, he believed that the coming Budget, the Government is likely to cut corporate taxes, but the rate will not be significant.<br /><br />"Since the past three years, the annual corporate tax reduced by 1% to 25% after the current year is a key year. The Government's next how to adjust the corporate tax, as well as the consumption tax when it will launch, are deeply concerned about."<br /><br />He estimated that in 2010 the Budget, the Government will be the overall corporate tax and corporate tax for small and medium enterprises, respectively, cut 1% and 2%.<br /><br />Income tax exemption amount should be increased to 10002<br /><br />As for the personal income tax, he said: "The personal income tax and corporate tax adjustment is appropriate. If the reduction in corporate taxes, personal income tax should be reduced by about 1%."<br /><br />Kong Linglong suggested that since all things prices, personal income tax exemption amount must also be from the current 8,000 ringgit, up to 10000 to 10002 ringgit ringgit. "Meanwhile, the taxable group (taxable bracket) must also be raised, so that low-income earners have a higher spending power, and thus help promote the country's economy."linghttp://www.blogger.com/profile/16582328418254807034noreply@blogger.com0tag:blogger.com,1999:blog-2960082071180351449.post-25299954147269264002009-10-07T03:10:00.001-07:002009-10-07T03:10:39.820-07:00Budget does not introduce a new consumption taxAsked whether the Government will be launched in the new Budget, excise duty, Kongling Long responded: "No, because the national economy is still below par, all things have prices."<br /><br />He explained that wish to implement the consumption tax, the Government has at least 18 months time to prepare and enable all walks of life to adapt.<br /><br />"For example, government agencies, especially the customs bureau's computer system needs to be upgraded, and all enterprises also need to replace the accounting computer systems, especially in taxation and tax-related mechanisms."<br /><br />However, he believes that in the new Budget, the Government may announce when the introduction of consumption tax.linghttp://www.blogger.com/profile/16582328418254807034noreply@blogger.com0tag:blogger.com,1999:blog-2960082071180351449.post-66603462798953457802009-10-07T03:06:00.000-07:002009-10-07T03:07:37.566-07:00Expansion of service tax to increase revenueAccording to "The Edge" today quoted an informed source disclosed that the Government can not be declared in the October launch of the 2010 Budget, the consumption tax, but it may expand the service tax of 5% of the tax base. If this is true, whether they are a prelude to the implementation of consumption tax?<br /><br />In this regard, Tsai Chao-source that, if expansion of 5% service tax, the scope of taxation, it is only to enhance government revenue.<br /><br />"In simple terms, consumption tax, service tax and sales tax is a combination. Therefore, the consumption tax and service tax, internal mechanisms are different. In the absence of a consumption tax case, the expansion of service tax, the scope of taxation is to raise tax revenue to reduce the deficit, one of the way. "<br /><br />He added that the government expand the tax base of the occasion, they have to ensure that civilians were not affected, that is, to be taxed more skewed towards the high income groups.linghttp://www.blogger.com/profile/16582328418254807034noreply@blogger.com0