No listing plan for Petronas Carigali
National oil company Petroliam Nasional Bhd (Petronas) has shot down market talk that it will list wholly-owned exploration and production unit Petronas Carigali SB. “We have no plans to list Petronas Carigali or any other unit,’’ a Petronas spokesperson told StarBizWeek when contacted last Friday. Several business dailies last Saturday quoted MIDF Amanah Investment Bank Bhd’s research head as saying that Petronas Carigali could list on Bursa Malaysia next year in a move to draw foreign funds. The research head said that analysts had been told by Bursa officials of a possible initial public offering (IPO) for Petronas Carigali. However, Bursa clarified in a media statement yesterday evening that its listing department had not received any new listing application by Petronas. (StarBiz)
AirAsia boss says no plan to buy Virgin
AirAsia Bhd group chief executive officer Datuk Seri Tony Fernandez denies there are any plan to buy a stake in British airline Virgin Atlantic as reported by the Sunday Times newspaper. “There are no discussions taking place,’’ he told StarBiz from London yesterday. The Sunday Times said in an unsourced report yesterday that Fernandez, who runs Asia’s largest Budget carrier by fleet size, had renewed his interest in the UK airline after previously considering and deciding against a bid. Any deal could be worth up to GBP1bn, the newspaper said. (StarBiz)
Siemens eyes rail jobs
Siemens, a global expert in rail transport technology, is preparing to bid for several potentially lucrative railrelated tenders in Malaysia. Several such jobs are expected to be offered in the near future, including the supply of 40 locomotives for rail company Keretapi Tanah Melayu Bhd (KTMB), the Ampang light rail transit (LRT) extension and possibly the Kuala Lumpur-Singapore high speed train project. Siemens also plans to bid for the Ampang LRT extension project in which tender is set to be out on 11 Jan 11 next year. "What the industry expects, especially for the Ampang line, is that the specification will be open enough to establish competition. (We understand) for the Ampang line, the specification will be more extensive, so it means that companies like Siemens and other big supply companies would be interested to go for it," said Muench (Mobility Division Head Siemens Malaysia). He said the job for the 17km extension, which would include signalling systems, electrification and communications, among other things, could be worth in the region of between RM200m and RM300m. (BT)
RM44.3m charges stem from write-downs in collateral values, says K&N Kenanga
K&N Kenanga Holdings Bhd said additional impairment of RM44.3m, which will be reflected in its fourth-quarter results, stems from write-downs in collateral values relating to a loan and an investment in an associate company. In a statement on Friday, K&N Kenanga said although the impairment would reflect negatively on the group's profit and loss figures, its operating profit for the nine-month period ended Sept 30, 2010, excluding the impairment figure, remained positive at RM40.4m against RM26.9m in the same period in 2009. "The preimpairment operating profit for the group represents a growth of 50.2%," it said. (StarBiz)
Epic has no plans to go private
Eastern Industrial Pacific Corp Bhd (Epic) has dismissed suggestions that the company will be taken private, following the sale of a 21.26% stake by Ahmad Zaki Resources Bhd (AZRB) to Lembaga Tabung Amanah Warisan Negeri Terengganu. Its chief executive officer Ramli Shahul Hameed said Epic wants to remain as a listed company on Bursa Malaysia. "To Epic's knowledge, there is no such plan (to take the company private) ... We want to maintain the listing status," he told Business Times in an interview recently. Prior to the acquisition of AZRB's stake, Epic had also announced a 10% share buyback plan early in the year. Ramli explained that the share buyback was planned earlier so that the state government would be able to control the company, but it does not really matter now that Lembaga Tabung Warisan Negeri Terengganu has acquired AZRB's stake. "Yes, we have started buying the stakes through share buybacks but we have yet to complete the exercise. We have secured the approval to continue with the share buyback exercise. (BT)
Kimlun keen to bid for tunnel lining jobs in MRT project
KIimlun Corp Bhd said it is keen to bid for the tunnel lining segments job packages in the RM14bn Sungai Buloh- Kuala Lumpur-Kajang mass rapid transit (MRT) line project. "Yes, we would like to bid for (relevant) parts of the project. We have experience in making MRT tunnel segments," chief executive officer Sim Tian Liang told Business Times in an interview in Kuala Lumpur. Kimlun's unit SPC Industries Sdn Bhd is one of the very few active tunnel lining segments suppliers in the country, the others being MTD ACPI Engineering Bhd and Hong Leong Asia Pte Ltd. It has a construction and pre-cast products order book of RM800m as at September this year. As one of the largest manufacturer of pre-cast concrete products in Johor, Kimlun has been supplying tunnel lining segments for the Singapore MRT extension project. "Although we're based in Johor, it is not a problem for us to supply to the Greater KL MRT project. When the government starts to roll out the job packages in mid-2011, we can always lease land in Klang Valley and set up a casting yard there," Sim said. (BT)
No comments:
Post a Comment