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KLSE - Main Board - Trading & Services
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Airport |
The Star 11/3/00 - Airport, UDA and Litrak are included whereas CSM, Farlim and Pilecon are excluded as component stocks of KLSE CI.The Star 2/3/00 - Malaysia Airlines Bhd has recorded a pre-tax profit of RM60.95mil for its third quarter ended Dec 31, 1999 against a pre-tax loss of RM702.66mil in the same period last year. Turnover also rose to RM5.941bil from RM5.4bil while operating profit increased to RM1.70bil from RM1.09bil previously. |
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Antah |
Feb 00 -e-commerce initiatives |
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B-Land |
(Unconfirmed news) 15 Feb 00 - Ex-date for right issue of 1.50 each. |
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B-Toto |
The Star 4/3/00 - Berjaya Sports Toto Bhd has reported a group pre-tax profit of RM83.2mil for its third quarter ended Jan 31, 2000 down 11% from the preceding quarter. |
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Boustead |
The Star 1/3/00 - Boustead Holdings Bhd has chalked up a pre-tax profit of RM271.7mil for its financial year ended Dec 31, 1999 against RM140mil a year earlier. Up 94%. Earnings per share stood at 80.9 against 14.8 sen previously. |
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EON |
The Star 2/3/00 - Edaran Otomobil Nasional Bhd has reported a group re-tax profit of RM620.5mil for the year ended Dec 31, 1999 compared to RM101.6mil recorded in the previous year. Up 510%. The group's earnings per share improved to RM2.26 from 22 sen last year. The Star 15/2/00 - EON Bank was accorded anchor bank status. |
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Genting |
The Star 1/3/00 - reported net profit of RM1.10bil for financial year ended Dec 31, 1999 from RM414.41mil recorded in the previous year. Up 165%. Earnings per share (EPS) soared to 156.3 sen from 58.8 sen. |
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George Kent |
The Star 2/3/00 - George Kent (M) Bhd has accepted a letter of award from the Gamuda-KDEB-TSWA joint-venture awarding a RM366mil comstruction contract to a consortuim made up between George Kent and Loh&Loh Construction Sdn Bhd. |
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Grand United Holdings Bhd |
The Star 2/3/00 - Grand United Holdings Bhd has recorded a rise in net profit to RM16.2mil for the year to Dec 31, 1999 from RM617,000 in 1998. Up 2,526%. Turnover for the period was 11.6% higher at RM218.8mil. |
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KCT |
The Star 20/3/00 - KCT, a low profitle company with interest in container handling services, storage, stevedoring and other ancillary services, experienced a surge in profitability last year. In the fourth quarter of last year, KCT's container volume was 33% higher than the third quarter. See logisitics companies. |
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Konsort |
The Star 20/3/00 - Konsortium was also in the midst of transforming itself to service the needs of e-businesses. The company aims to be "e-commerce ready" by next year. Konsortium is working with IBM (see Mesiniaga) to design a system which will allow it to have real-time tracking on its trucks and customers' inventories. On the other hand, Lee (TA Securities' analyst) also mentioned that there could also be possible excitement in Konsortium's shares following a 10% private placement. Konsortium is looking to place out 10% or some 17.8million shares to raise cash to reduce its borrowings as well as for IT investments. Lee said the company's gross debt stood at RM217mil as at end financial year 1999, representing a net gearing level of 0.4 times, down slightly from 0.5 times as at end of financial year 1998. Lee expectes these shares to be placed out at the RM6.00 level. See logisitics companies.The Star 1/3/00 - Konsortium Logistik Bhd has turned in a pre-tax profit of RM46.3mil for the year to Dec 31, 1999 against RM39.4mil in 1998. Up 17.5%. Basic earnings per share rose to 22 against 9 sen previously. |
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KUB |
The Star 2/3/00 - KUB Malaysia Bhd has chalked up a pre-tax profit of RM133.53mil for the financial year ended Dec 31, 1999 compared with a loss of RM59.18mil the year before. The company said last year the group consolidated its business and it was now concetrating on investment in four major areas - information and communications technologies, properties and construction, plantation and consumer products. (word of mouth) e-commerce initiatives |
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Leader |
The Star Jan 00 - engaged in feasibility study on e-commerce venture. |
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Lityan |
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Mesiniaga |
The Star 7/3/00 - IBM Malaysia has launched its e-incubator Program which is aimed at assisting new companies to start up their own e-business. CEO of IBM Voon Seng Chuan said the company would make available its expertise and technology under the programme while seed funding will be allocated by Nomura/Jafco Investment (Asia) Ltd (NJI). |
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Metrojaya |
The Star 1/3/00 - Metrojaya Bhd has posted a pre-tax profit of RM14.9mil for the year ended Dec 31, 1999 against RM3.9mil a year earlier. Up 282%. Earnings per share imprved to 7.7 from 3.09 sen previously. |
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MISC |
The Star 20/3/00 - OSK Securities investment research analyst Lim Ee-Jin expects hte liquefied natural gas (LNG) carriers to continue spearheading MISC's earnings. Lim said the consolidation of all LNG tankers under one roof with a 20-yeared charter for Petroliam Nasional Bhd (Petronas) would also result in better co-ordination of the charters and improve operating efficiencies(see Pgas). MISC's profitability will be secured by the long term charter with Petronas, Lim said, adding that "this would provide the assurance of long-term cash flows and the existing LNG contracts will be renewed when they expire.". In addition, MISC is also expanding its LNG fleet by placing orders for two LNG tankers to be delivered in 2002 and has options to buy another four. This expansion is being timed to coincide with the start-up of Malaysia's third LNG plant, said Lim, adding that the shipping requirement for the said plant is between four to six LNG tankers. Based on the past LNG contracts and prevailing charter rates, Lim said the present net value of the new fleet should add a mininum of RM1 to MISC's return on net asset value per share (based on the two confirmed LNG tankers). At the same time, MISC's non-LNG businesses should also continue to benefit from the rise in freight rates as its is dogged by stiff competition adn excess capacities. See logistics companies. |
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MPHB |
The Star 1/3/00 - achieve an unaudited group pre-tax profit of RM249.24 million for the year ended Dec 31, 1999 conmpared with a pre-tax loss of RM551.98 million in 1998. Group earnings per share increased to 30.7 sen from a loss per share of 75 sen and group net tangible assets per share rose 32% to RM1.40 from RM1.06 previously. |
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MPI |
Sin Chew Feb 00 - Foreigners bought minority shareholding. |
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MPlant |
The Star 23/3/00 - Multi-Purpose Bank expects to obtain a minimum of 1,000 subscribers this year for its online trading service called Desktop Share Trading (DST). About 200 clients had signed up for this DST service launched last Dec. It expects the value of shares traded via the service to rise 20-fold to between RM200mil and RM300mil this year. This product does not require up-front deposit and investors will have trading limits that are based on their financial capabilities. The Star 7/3/00 - Multi-Purpose Bank Bhd has reported a 96% increase in its pre-tax profit of RM72.1mil for the financial year ended Dec 31, 1999 from RM36.9mil the year before. Earnings per share (EPS) increased to 31 sen from 11 sen. The Star 2/3/00 - Multi-Purpose Bank Bhd which has been accorded anchor bank status in the banking industry consolidation exercise, expects to sign sale and purchase agreements with its prospective merger partners by the end of next month. NST 15/2/00 - Multi-Purpose Bank Bhd's merger partners are International Bank Malaysia Bhd, Sabah Bank Bhd, MBf Finance Bhd, Bolton Finance Bhd, Sabah Finance Bhd, Bumiputra Merchant Bankers Bhd, Amanah Merchant Bank Bhd |
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MRCB |
The Star 7/3/00 - Kuala Lumpur Sentral Sdn Bhd has secured RM534mil in land sales from its KL Sentral project in Brickfields, Kuala Lumpur. Shopping complexes, four- and five-star hotels and condominium units would be built on the land that had been sold. Kuala Lumpur Sentral is 64.38% owned by MRCB. Its other shareholders are KTM Bhd with a 26% stake and Pembinaan Redzai Sdn Bhd with 9.62%.Besides, sales of Suasana Sentral condominium units and Plaza Sental office space had been encouraging, according to MRCB. The entire central station is expected to be completed on schedule at the end of the year. The station, which will feature 28 tracks and 12 platforms, is designed to handle up to 50 million passengers a year in 2001 and 100 million by 2020. |
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Nanyang |
Sin Chew 25/3/00 - The Star is facing threat in the form of proposal to raise newsprint (paper) import tariff by 25%. This would increase its operation cost since The Star do not hold stake in any newsprint manufacturing plant. Its competitors such as NSTP, Rimbunan Hijau (Sin Chew??) and Hong Leong (Nanyang) each holds stake in Malaysia's newsprint manufacturing (as well as recycling) plant Malaysian Newsprint Industries Sdn Bhd which has a minimum yearly capacity of 250,000 tonnes (MNI is also exporting its newsprint).23/3/00 - see messages sent in by Alex |
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NSTP |
Sin Chew 25/3/00 - The Star is facing threat in the form of proposal to raise newsprint (paper) import tariff by 25%. This would increase its operation cost since The Star do not hold stake in any newsprint manufacturing plant. Its competitors such as NSTP, Rimbunan Hijau (Sin Chew??) and Hong Leong (Nanyang) each holds stake in Malaysia's newsprint manufacturing (as well as recycling) plant Malaysian Newsprint Industries Sdn Bhd which has a minimum yearly capacity of 250,000 tonnes (MNI is also exporting its newsprint).The Star 25/3/00 - New Straits Times Press Bhd will continue with its plans to sell stake in Commerce Asset Holdings Bhd. Its holding in Commerce Asset was at 12.95% at end-February.Feb 00 - AOL-Warner style merger among Time-TV3-NSTP to provide online media services. |
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Pan Malaysia Corp Bhd |
The Star 1/3/00 - Pan Malaysia Corp Bhd has registered a pre-tax profit of RM101.8mil for its financial year to Dec 31, 1999 against RM615.9mil in 1998. Down 83%. Earnings per share fell to 10.92 from 67.08 sen. |
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Pantai |
The Star 1/3/00 - Pantai Holdings Bhd proposes to acquire for a total of RM304 million three companies involved in the medical examination of foreign workers; the companies are Anjur Dinamik SB, Pengkalan Usaha (M) SB, and Healthpac Industries SB. |
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PDB |
The Star 2/3/00 - Petronas Dagangan Bhd has recorded a net profit of RM121.56mil on sales of RM3.68bil for the nine months ended Dec 31, 1999. |
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Pernas |
The Star 1/3/00 - Pernas International Holdings Bhd has turned around to register a pre-tax profit of RM26.5mil for the year to Dec 31, 1999 against a loss of RM128.4mil. |
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PDZ |
The Star 20/3/00 - see report on logistics companies |
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Resorts |
The Star 18/3/00 - Disagreement over the future direction of Norwegian Cruise Line (NCL) has put al end to the joint bid by Star Cruises Plc and Carnival Corp and the latter had asked to be released from the joint venture agreement leaving Satr Cruise remaining as the sole share-holders of NCL Holdings in the event of a break-up in the US$1.1bil share offer for NCL. Star Cruise now owns 85% of NCL while associated companies control a further 10%. "We now have complete freedom to manage the Star Cruise, NCL and Orient Line brands on a global basis with the best synergies on the revenue and cost fronts," said its chairman Datuck T.K. Lim. Following its acquisition of NCL Holdings, Star Cruise is now the joint third largest cruise group in the world, with a fleet of 20 ships and over 21,000 lower berths. With five ships currently on order, Star Cruises will have 25 vessels with 34,000 lower berths by 2004. Carnival was to withdraw its 40 kroner bid in favour of Star Cruises' 35 kroner per share offer, and take a minority 40% stake in Arrasas Ltd, a company set up by Star Cruises who would hold 60% to acquire NCL. The Star 6/3/00 - EPS in 1999 is 59.20 sen from 1998's 13.60 sen. Resorts World Bhd, the leisure division of Genting Bhd, owns 26.8% stake in Star Cruise plc while Star Cruise plc owns 95% of NCL (Norwegian Cruise Holding ASA).The forecast net profit of US92mil for year 2000 by NCL is expected to contribute a rise of aout 2.5% in Resorts' EPS for year 2000. NCL was a pioneer in the world and the US cruise industry in the 1960s, while Star Cruises is the leading cruise oeprator in the Asia-Pacific region. Star Cruises, listed on the stock exchanges of Singapore and Luxembourg, is one of the five largest cruise liners in the world. |
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Star |
Sin Chew 25/3/00 - Star and South East Asia's biggest search engine provider Catcha.com are having strategic alliances in online media content building. (can anyone let the web writer know whether AKNTech is related to Catcha.com? thanks)The Star newspaper is the most popular newspaper in Malaysia with daily volume of 259,000. Advertisement turnover increased 12-13% year-on-year this year. P/E is 14.8 times. However The Star is facing threat in the form of proposal to raise newsprint (paper) import tariff by 25%. This would increase its operation cost since The Star do not hold stake in any newsprint manufacturing plant. Its competitors such as NSTP, Rimbunan Hijau (Sin Chew??) and Hong Leong (Nanyang) each holds stake in Malaysia's newsprint manufacturing (as well as recycling) plant Malaysian Newsprint Industries Sdn Bhd which has a minimum yearly capacity of 250,000 tonnes (MNI is also exporting its newsprint).As at financial year ended December 31, 1999, pre-tax profit is RM96.9mil from 1998's RM83.3 up 16.3%. 2h1999 The Star online http://www.thestar.com.my |
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Tanjong |
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Telekom |
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Tiong Nam |
The Star 20/3/00 - OCBC Securities (Melaka) Sdn Bhd head of research Franklin Tan expects Tiong Nam Transport to draw some speculative interest in view of its price earnings ratio of 21 times for financial year 1999 and price to book of 2.3 times. Tiong Nam also had outstanding warratns of 14.7mil which bear a subscription price of RM1.90. The warrants mature on Nov 10, 2004. Tiong Nam owns a fleet of 380 trucks which are actively transporting goods from Thailand to Malaysia's North-South Expressway. It is also involved in bonded warehouse which complements its core trucking services. See logisitics companies. |
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TNB |
Sin Chew 14/3/00 - Daiichi announced its contract with Malaysia Government to set up government-to-consumer portals facilitating various payments from consumers to government departments; (stage one) electricity bill (TNB), telephone bill ( Telekom), payment for driving licence renewals, (stage two) payments to Immigration Department, water bill, and etc. Firm set up to implement this portal is myEGdot.com Sdn Bhd in which Daiichi has 30% stake, Sapura 15%, Technochanne 35% and Asia Online 20%. The combine stake of Daiichi and Asia Online is 50% and Asia Online owns 50.04% of Daiichi. Back in 1997 there had been Letter of Intent for the plan of setting up this portal. Contract period 20 years, renewal to additional 5 years.The Star Feb 00 - According to one investment house, TNB would be benefiting from future raise in electric bill charges. However, its contractors may not be benefiting from the raise due to existing contracts. |
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Time |
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Uniphone |
The Star 15/3/00 - Sapura Telecommunications is 38% owned by Uniphone Bhd and 11% by Sapura Holdings.Sapura Telecommunications Bhd is positioning itself to be a one-stop centre for the provision of network infrastructure to companies wishing to venture into Internet and e-commerce business. The company has teamed up with many large foreign partners over the years to provide the network infrastructure and solutions for building portals, e-commerce and anything to do with the Internet. Sapura group (IT business unit) executive vice-president Shukor Karim said the government had given Sapura a good headstart to act as an enabler for IT companies and this would only be justified if Sapura exported its expertise to earn revenue from abroad. Sapura provides solutions to many hotels from Korea to Guam and on to Dubai, besides other solutions that it provides to many countries such as Pakistan, Sri Lanka, Hong Kong, Indonesia and China. Sapura yesterday signed another partnership agreement with Nasdaq-listed Network Appliance Inc of the United States to distribute data access and Internet caching solutions. Sapura already provides cutting edge high-performance networkded storage and Internet infrastructure products and services to its Internet service providers (ISPs) and enterprises across all major industries. "With a current portfolio of storage management and network switching solutions, the tie-up with Network Appliance creates an edge for Sapura to be positioned as a total provider in this solution segment", Shukor said. The deal with Network Appliance would generate sales of RM10mil this year. Network Appliance, a veteran in network file serving and caching, has been providing data access solutions since 1992 and is a member of both S&P 500 and Nasdaq 100. It is also listed on the Fortune E-50 list. Major corporations and ISPs including Lycos, Yahoo, Citicorp Securities, Siemens, Lockheed, Cisco, Motorola and Texas Instruments have used NetApp solutions. For the financial year ended January 31, 2000, Sapura's IT unit recorded sales of about RM300mil. This figure is expected to grow now that Sapura is poised to take advantage of the Internet which offers abundant opportunities. On the e-government (generic office environment or GOE) flagship project which Sapura is working on, Shukor said this would be completed by May this year. |
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Utusan |
The Star 2/3/00 - Utusan Melayu (M) Bhd has registered a pre-tax profit of RM10.84mil for its financial year to Dec 31, 1999 from a pre-tax loss of RM18.55mil a year earlier. Jan 00 - e-commerce initiatives - Utusan's minority stake bought by internet-related company. |
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