2012 March
- Genetec Technology Bhd is optimistic to return to profit status this fourth quarter of FY ending March 31, 2012, after clinching a RM28 mil contracts, makes its recent total contracts more than RM100 mil. Its previous losses was mainly due to lower demand resulting from the temporary slowdown in demand for equipment as manufacturers were affected by the Thai flood situation in 2011.
- Help profit fall despite higher revenue mainly due to the many public holidays in January, the number of classes was reduced by at least 25-30%. "The full extent of the strong enrolment is thus not reflected in the quarter under review", says executive director Adam Chan.
- Petroliam Nasional Bhd's Chief Executive Officer Shamsul Azhar Abbas, expects oil prices to decline as crude above US$100 a barrel restrains demand. A fair price of oil between US$85 and US$90 a barrel for benchmark Brent crude is suggested, compared with current futures markets at about US$123 a barrel.
- Private equity Navis Capital bought 37.5% stake in SEG International Bhd (SEGi). Around 209.6 mil shares were traded in the off-market at RM1.71 per share on Thursday. A banker familiar with the trade said they will buy more next week.
- Carotech will be suspended from April 6 and the shares will be delisted on April 10, unless an appeal is submitted to Bursa Malaysia Securities on or before April 5.
- Cypark Resources Bhd has signed the renewable energy power purchase agreement (REPPA) with Tenaga Nasional Bhd (TNB) for a feed-in-tariff (FiT) concession period of 21 years.
- Sime Darby property division is targeting RM2.4 bil gross sales for the FY ending June 20 2012.
- Kontena Nasional upbeat on turnover growth as much as 18%.
- Khairy Jamaluddin will become chairman of Perbadanan Usahawan Nasional Bhd (PUNB) start from April 1.
- Cahya Mata and Rio Tinto scrap smelter pact have mutually terminated the Sarawak smelter project and the memorandum of understanding between both parties and Sarawak Energy Bhd (SEB).
- Mah Sing will venture into Sabah property market with a mixed development, named Sutera Avenue (Estimated GDV RM830 mil).
- Glomac Bhd is on track to achieve a 30% net profit growth for FY ending April 30 2012. Unbilled sales @ RM588 million. Glomac to launch about RM1.5 bil worth of properties @ sales target of RM500 mil for current FY.
- Genting Singapore obtained the Singapore gambling regulator's nod to operate junkets at Resorts World Sentosa (RWS).
- Genetec Technology Bhd secured an orders worth about RM27.9 mil. Order-book stood at RM106 mil.
- Ireka Corp Bhd secured a RM45.8 mil contract to carry out and complete the fit-out works for the Aloft Hotel, KL Sentral .
- Lysaght secured RM22.75 mil subcontracts from YTL Bhd to supply and install antenna poles.
- Mitrajaya secured RM102.9 mil jobs to construct apartments at Setia Walk in Puchong, Selangor, and to construct a mosque in Johor.
- Daya Materials Bhd secured a RM62 mil contract to design and build a factory and a two-storey office building at Batu Kawan Industrial Park, Penang, from Penang Development Corp.
- The MMC-Gamuda JV secured the underground package of the MYRapid Transit (MRT) Sungai Buloh-Kajang line with a bid of RM8.2 billion, the biggest portion of the RM30 bil MRT project.
- AutoV Corp Bhd to merge Jotech Holdings Bhd.
- Fajarbaru secured a RM73 mil contract to demolish and re-construct Shaw Parade at Jalan Changkat Thambi Dollah, Kuala Lumpur.
- Mega First Corp Bhd offers RM2.10/share to privatise RCI (Rock Chemical Industries), 35 sen or 20% higher than RCI's share price on March 15.
- EPMB to acquire Maju Expressway (MEX) concession (26km highway connecting Kuala Lumpur and Putrajaya) for RM1.7 billion, via issuance of new shares, redeemable unsecured loan stock and cash.
- Topglov maintains its earning forcast at RM170 mil and RM183 mil at FY2012 and 2013 respectively given the stabilised latex price and demand.
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