Bursa Malaysia expects more IPOs this year with an improving economy and interest would come from companies in China and countries 'around Malaysia'
Bursa Malaysia may not have an initial public offering (IPO) the size of Maxis Bhd's this year, but several sizeable state-owned companies should be listed under the government's second wave of privatisation.
Maxis raised RM11.2 billion from its IPO last year, making it Southeast Asia's biggest initial share sale. However, there were only 14 IPOs in 2009 compared with 23 in 2008.
Bursa Malaysia chief executive officer Datuk Yusli Mohamed Yusoff expects more IPOs this year with an improving economy. Interest would come from companies in China and countries "around Malaysia", he said.
"We are also hopeful that companies from other countries will consider listing here," he told a media briefing to announce the Invest Malaysia 2010 conference in Kuala Lumpur yesterday.
The first listing this year will be on February 19, with home furniture maker and designer Homeritz Corp Bhd making its debut on the Main Market.
The local bourse attracted three Chinese companies last year and Yusli expressed confidence that there would be a few more this year.
"We also want to see domestic retail investors become more familiar with our companies so that they can tap opportunities available. It is a shame if the locals don't have the first bite," he said.
Bursa Malaysia plans to organise Invest Malaysia events in Hong Kong and Shanghai on a more regular basis.
"We need to make our presence felt in markets and get the right profile," Yusli said, urging Malaysian companies to do more marketing roadshows in places like New York and London.
Invest Malaysia 2010 will be held in Kuala Lumpur on March 30 and 31.
Prime Minister Datuk Seri Najib Razak is scheduled to give the keynote address at the conference, which is expected to attract more than 600 local and foreign investors.
Maybank Investment Bank and Japan's Nomura Holdings will partner Bursa Malaysia to further promote Malaysian corporations and Malaysia as Asean's premier investment destination.
The sixth edition of the conference will include the Malaysian Industrial Development Authority (Mida), which will showcase foreign direct investment opportunities.
Mida director-general Datuk Jalilah Baba said the agency was in talks with several potential foreign investors in green technology, research and development (R&D) and high-knowledge industries.
"The new trend for foreign direct investments coming in will be on innovation and high-knowledge content in the manufacturing and services industry," she said.
January 29, 2010
Bursa reprimands, fines Axis
BURSA Malaysia has publicly reprimanded Axis Corp Bhd and imposed a total fine of RM647,200 on its seven directors for the late submission of its financial accounts and a 525 per cent deviation between its audited profits and unaudited profits.
The company had reported an unaudited net profit of RM16.1 million for the financial year ended March 31 2008.
Later, it reported a net loss of RM68.4 million for the same period in its audited accounts.
The regulator said Axis has failed to take into account an understatement of costs of sales charged in relation to the company's contract manufacturers; and additional allowance for doubtful debts in respect of the amounts due from the contract manufacturers.
The company had reported an unaudited net profit of RM16.1 million for the financial year ended March 31 2008.
Later, it reported a net loss of RM68.4 million for the same period in its audited accounts.
The regulator said Axis has failed to take into account an understatement of costs of sales charged in relation to the company's contract manufacturers; and additional allowance for doubtful debts in respect of the amounts due from the contract manufacturers.
Sime, MISC, CIMB weigh on blue chips
KUALA LUMPUR: Key regional markets fell in early trade on Friday, Jan 29 as investors' sentiment was impacted by the weak Wall Street and other external factors, with Hong Kong down 1.3% at the opening bell.
At 10am, the FBM KLCI was down 8.78 points to 1,255.73. Turnover was 179 million shares valued at RM186.95 million.
Declining stocks beat advancers more than four to one with 362 losers to 80 gainers while 143 stocks were unchanged. This is unlike Thursday where the broader market was firmer despite some selling on index-linked stocks.
However, the FBM KLCI strong support level remains at 1,250, which is the major technical support.
Hong Kong's Hang Seng Index opened 1.3% lower at 20,086.76 while Japan's Nikkei 225 slipped 1.56% to 10,252.16 and Singapore's Straits Times Index fell 1.15% to 2,725.94.
Light crude oil rose eight cents to US$73.72 but US spot gold fell US$3.19 to US$1,083.91.
RHB Research said in its daily trading strategy that while the fierce selling pressure on the FBM KLCI showed signs of easing yesterday, it has not shown any signs of a potential rebound soon.
"Instead, the benchmark could experience follow-through selling activities in coming days, should the recent
heavy selling on the heavyweights stocks persist," it said.
RHB Research said dampened further by the fragile foreign markets sentiment, a resumption of selling in the regional markets will lead the index towards the major 1,250 technical support level.
"As we cautioned, a breakdown from 1,250 will not only derail the FBM KLCI's medium-term and the 10-month old uptrend, it will also mean a revisit to the crucial 1,200 psychological level soon," it said.
To turn back to the positive trading mode, the FBM KLCI must recover to above the strong resistance near the 40-day SMA of 1,278, said RHB Research.
Sime Darby fell 16 sen to RM8.50, MISC 13 sen to RM8.01 while MISC-09 gave up 11 sen to 72 sen andf MISC-OR 9.5 sen to 72 sen. Kulim lost 11 sen to RM7.20 and CIMB 10 sen to RM12.64 and Bursa nine sen to RM7.68.
Perstima was the top gainer, up 22 sen to RM3.74 following the rebound in its earnings while Gadang also rose, up seven sen to RM1.17.
Gadang's 2Q net profit surged 88% to RM3.52 million from RM1.87 million a year earlier mainly due to lower cost. Its revenue fell 6.9% to RM62.37 million from RM66.98 million.
Perstima's 3Q net profit surged to RM20.67 million from RM1.22 million a year earlier. This was attributed to the timing difference between the selling price and the raw material price changes coupled with positive contribution from a subsidiary. Its revenue fell 25% to RM210.91 million from RM281.31 million.
At 10am, the FBM KLCI was down 8.78 points to 1,255.73. Turnover was 179 million shares valued at RM186.95 million.
Declining stocks beat advancers more than four to one with 362 losers to 80 gainers while 143 stocks were unchanged. This is unlike Thursday where the broader market was firmer despite some selling on index-linked stocks.
However, the FBM KLCI strong support level remains at 1,250, which is the major technical support.
Hong Kong's Hang Seng Index opened 1.3% lower at 20,086.76 while Japan's Nikkei 225 slipped 1.56% to 10,252.16 and Singapore's Straits Times Index fell 1.15% to 2,725.94.
Light crude oil rose eight cents to US$73.72 but US spot gold fell US$3.19 to US$1,083.91.
RHB Research said in its daily trading strategy that while the fierce selling pressure on the FBM KLCI showed signs of easing yesterday, it has not shown any signs of a potential rebound soon.
"Instead, the benchmark could experience follow-through selling activities in coming days, should the recent
heavy selling on the heavyweights stocks persist," it said.
RHB Research said dampened further by the fragile foreign markets sentiment, a resumption of selling in the regional markets will lead the index towards the major 1,250 technical support level.
"As we cautioned, a breakdown from 1,250 will not only derail the FBM KLCI's medium-term and the 10-month old uptrend, it will also mean a revisit to the crucial 1,200 psychological level soon," it said.
To turn back to the positive trading mode, the FBM KLCI must recover to above the strong resistance near the 40-day SMA of 1,278, said RHB Research.
Sime Darby fell 16 sen to RM8.50, MISC 13 sen to RM8.01 while MISC-09 gave up 11 sen to 72 sen andf MISC-OR 9.5 sen to 72 sen. Kulim lost 11 sen to RM7.20 and CIMB 10 sen to RM12.64 and Bursa nine sen to RM7.68.
Perstima was the top gainer, up 22 sen to RM3.74 following the rebound in its earnings while Gadang also rose, up seven sen to RM1.17.
Gadang's 2Q net profit surged 88% to RM3.52 million from RM1.87 million a year earlier mainly due to lower cost. Its revenue fell 6.9% to RM62.37 million from RM66.98 million.
Perstima's 3Q net profit surged to RM20.67 million from RM1.22 million a year earlier. This was attributed to the timing difference between the selling price and the raw material price changes coupled with positive contribution from a subsidiary. Its revenue fell 25% to RM210.91 million from RM281.31 million.
Flash Stocks skid again, FBM KLCI down 6pts
KUALA LUMPUR: Blue chips skidded in early trade on Friday, Jan 29 as investors retreated after the weak overnight close on Wall Street where the key indices fell between 1.1% and 1.9%.
At 9.02am, the FBM KLCI was down 6.64 points to 1,257.87. Turnover was 14.51 million shares valued at RM12.22 million. There were 25 gainers and 145 losers while 56 stocks were unchanged.
Hwang DBS Vickers Research said wiith the bears still at large on Wall Street the negative vibes would inevitably be felt across Asia ahead.
"Essentially, investors are concerned whether the party is already over (in view of talks of rising interest rates and early withdrawal of stimulus packages around the world), which in turn prompted them to react by taking profits first.
"Back home, the benchmark FBM KLCI is expected to come under renewed selling pressures today, probably looking to test the support line of 1,255. If this gives way, then the next support mark on the chart is seen at 1,230," it said.
CIMB fell 12 sen to RM12.62 and EON Cap 10 sen to RM6.85 while among glove makers, Supermax lost 12 sen to RM4.85, Latexx nine sen to RM3.70 and Top Glove six sen to RM10.94.
Among PLANTATION []s, IOI Corp fell nine sen to RM5.11 and Sime Darby six sen to RM8.60.
At 9.02am, the FBM KLCI was down 6.64 points to 1,257.87. Turnover was 14.51 million shares valued at RM12.22 million. There were 25 gainers and 145 losers while 56 stocks were unchanged.
Hwang DBS Vickers Research said wiith the bears still at large on Wall Street the negative vibes would inevitably be felt across Asia ahead.
"Essentially, investors are concerned whether the party is already over (in view of talks of rising interest rates and early withdrawal of stimulus packages around the world), which in turn prompted them to react by taking profits first.
"Back home, the benchmark FBM KLCI is expected to come under renewed selling pressures today, probably looking to test the support line of 1,255. If this gives way, then the next support mark on the chart is seen at 1,230," it said.
CIMB fell 12 sen to RM12.62 and EON Cap 10 sen to RM6.85 while among glove makers, Supermax lost 12 sen to RM4.85, Latexx nine sen to RM3.70 and Top Glove six sen to RM10.94.
Among PLANTATION []s, IOI Corp fell nine sen to RM5.11 and Sime Darby six sen to RM8.60.
Bursa Malaysia jangka banyak penyenaraian baru
BURSA Malaysia menjangkakan lebih banyak penyenaraian baru di bursa saham tempatan itu tahun ini berikutan keadaan ekonomi yang lebih baik berbanding 14 tahun lalu.
Ketua Eksekutifnya, Datuk Yusli Mohamed Yusoff, berkata bilangan syarikat dari China yang akan menyenaraikan saham mereka di bursa itu tahun ini juga dijangka bertambah daripada tiga syarikat tahun lalu.
“Kami juga berharap menarik syarikat dari negara jiran untuk disenaraikan di sini,” katanya ditemui selepas sidang media penganjuran Invest Malaysia 2010 di Kuala Lumpur, semalam.
Difahamkan antara syarikat dari China yang sedang menunggu kelulusan untuk menyenaraikan saham di Bursa Malaysia ialah pengeluar kertas, Asia Paper International Holdings Ltd yang dijangka membuat tawaran awam permulaan (IPO) 35 juta saham.
Yusli berkata, penyenaraian pertama bagi tahun ini adalah pada bulan depan, jauh lebih lebih awal daripada penyenaraian pertama tahun lalu yang dibuat hanya separuh kedua.
Mengenai sama ada akan ada IPO dengan saiz permodalan pasaran yang besar tahun ini seperti yang dilaksanakan Maxis Bhd tahun lalu, beliau berkata: “Ia akan menjadi cabaran yang besar kepada kami untuk mendapatkan IPO sebesar saiz permodalan pasaran Maxis.”
“Buat masa ini kami belum melihat mana-mana syarikat dengan saiz permodalan pasaran sebesar itu.
Bagaimanapun, Yusli berkata, cadangan Kementerian Kewangan menyenaraikan sesetengah daripada syarikat milik kerajaan mampu menyaksikan kehadiran syarikat bermodal besar di Bursa Malaysia.
“Sesetengah daripadanya mempunyai saiz modal yang agak ketara. Jadi, kita terpaksa tunggu dan lihat,” katanya.
Mengenai prospek pasaran saham tempatan tahun ini, Yusli berkata, Bursa Malaysia dijangka mencatatkan prestasi lebih baik.
Katanya, penanda aras utama pasaran pasaran tempatan melepasi paras 1,300 mata bulan lalu dengan sentimen pasaran yang lebih baik.
“Ini adalah permulaan yang positif berbanding tahun lalu,” katanya.
Sementara itu, mengulas mengenai Invest Malaysia 2010 kali keenam pada 30 dan 31 Mac ini, Yusli berkata, ia bukan saja akan menumpukan kepada usaha menarik pelaburan dalam pasaran ekuiti, tetapi diperluaskan skopnya untuk turut membabitkan pelaburan langsung asing (FDI).
Justeru, katanya persidangan kali ini akan menyaksikan penyertaan langsung Lembaga Kemajuan Perindustrian Malaysia (Mida) yang akan mempamerkan peluang FDI yang ada di negara ini.
“Perdana Menteri, Datuk Seri Najib Razak dijangka mengumumkan beberapa dasar baru ke arah menjadikan pasaran modal Malaysia lebih mesra pelabur. Pengumuman yang ditunggu-tunggu pada setiap kali persidangan ini diadakan,” katanya.
Yusli menambah, persidangan bertemakan `Memperkasa Kecemerlangan Global’ itu dijangka menarik penyertaan kira-kira 600 delegasi tempatan dan asing.
Persidangan kali ini dianjurkan Bursa Malaysia dengan kerjasama Maybank Investment Bank serta Nomura Holdings dan akan diadakan di Hotel Shangri-La Kuala Lumpur.
Ketua Eksekutifnya, Datuk Yusli Mohamed Yusoff, berkata bilangan syarikat dari China yang akan menyenaraikan saham mereka di bursa itu tahun ini juga dijangka bertambah daripada tiga syarikat tahun lalu.
“Kami juga berharap menarik syarikat dari negara jiran untuk disenaraikan di sini,” katanya ditemui selepas sidang media penganjuran Invest Malaysia 2010 di Kuala Lumpur, semalam.
Difahamkan antara syarikat dari China yang sedang menunggu kelulusan untuk menyenaraikan saham di Bursa Malaysia ialah pengeluar kertas, Asia Paper International Holdings Ltd yang dijangka membuat tawaran awam permulaan (IPO) 35 juta saham.
Yusli berkata, penyenaraian pertama bagi tahun ini adalah pada bulan depan, jauh lebih lebih awal daripada penyenaraian pertama tahun lalu yang dibuat hanya separuh kedua.
Mengenai sama ada akan ada IPO dengan saiz permodalan pasaran yang besar tahun ini seperti yang dilaksanakan Maxis Bhd tahun lalu, beliau berkata: “Ia akan menjadi cabaran yang besar kepada kami untuk mendapatkan IPO sebesar saiz permodalan pasaran Maxis.”
“Buat masa ini kami belum melihat mana-mana syarikat dengan saiz permodalan pasaran sebesar itu.
Bagaimanapun, Yusli berkata, cadangan Kementerian Kewangan menyenaraikan sesetengah daripada syarikat milik kerajaan mampu menyaksikan kehadiran syarikat bermodal besar di Bursa Malaysia.
“Sesetengah daripadanya mempunyai saiz modal yang agak ketara. Jadi, kita terpaksa tunggu dan lihat,” katanya.
Mengenai prospek pasaran saham tempatan tahun ini, Yusli berkata, Bursa Malaysia dijangka mencatatkan prestasi lebih baik.
Katanya, penanda aras utama pasaran pasaran tempatan melepasi paras 1,300 mata bulan lalu dengan sentimen pasaran yang lebih baik.
“Ini adalah permulaan yang positif berbanding tahun lalu,” katanya.
Sementara itu, mengulas mengenai Invest Malaysia 2010 kali keenam pada 30 dan 31 Mac ini, Yusli berkata, ia bukan saja akan menumpukan kepada usaha menarik pelaburan dalam pasaran ekuiti, tetapi diperluaskan skopnya untuk turut membabitkan pelaburan langsung asing (FDI).
Justeru, katanya persidangan kali ini akan menyaksikan penyertaan langsung Lembaga Kemajuan Perindustrian Malaysia (Mida) yang akan mempamerkan peluang FDI yang ada di negara ini.
“Perdana Menteri, Datuk Seri Najib Razak dijangka mengumumkan beberapa dasar baru ke arah menjadikan pasaran modal Malaysia lebih mesra pelabur. Pengumuman yang ditunggu-tunggu pada setiap kali persidangan ini diadakan,” katanya.
Yusli menambah, persidangan bertemakan `Memperkasa Kecemerlangan Global’ itu dijangka menarik penyertaan kira-kira 600 delegasi tempatan dan asing.
Persidangan kali ini dianjurkan Bursa Malaysia dengan kerjasama Maybank Investment Bank serta Nomura Holdings dan akan diadakan di Hotel Shangri-La Kuala Lumpur.
FBM KLCI ditutup lebih rendah
KEBANYAKAN saham di Bursa Malaysia mengakhiri dagangan pada harga lebih teguh semalam selepas menyaksikan pengambilan untung selama empat hari berturut-turut minggu ini, tetapi
kejatuhan di kaunter perladangan menyeret turun indeks utama.
Pada penutup, penunjuk pasaran Indeks Komposit Kuala Lumpur FTSE Bursa Malaysia (FBM KLCI) turun 1.26 mata kepada 1,264.51 selepas dibuka 1.52 mata lebih teguh pada 1,267.29 pagi semalam.
Ketua Penyelidikan MIMB Investment, Mohd Nazri Khan, berkata pasaran dijangka kekal dalam aliran pembetulan bagi sebulan atau dua bulan akan datang, dengan pelabur institusi memilih untuk tidak memasuki pasaran sementara waktu.
Pasaran melepasi paras 1,300 dalam arah aliran menurun dan dijangka lemah dalam jangka terdekat ini.
Kebanyakan indeks utama melepasi paras sokongan masing-masing.
Perubahan nada cadangan Presiden Amerika Syarikat (AS), Barrack Obama untuk mengehadkan pengambilan risiko oleh bank juga sedikit sebanyak menjejaskan pasaran, katanya.
Mohd Nazri menjangka paras sokongan FBM KLCI berikutnya pada 1,250.
Pada akhir dagangan, Indeks Kewangan Bursa Malaysia naik 14.92 mata kepada 11,074.77, Indeks Perusahaan susut 5.39 mata kepada 2,630.22 dan Indeks Perladangan turun 46.21 mata kepada 6,225.0.
Indeks FBM Emas meningkat 18.25 mata kepada 8,517.09, Indeks FBM Ace mengukuh 33.67 mata kepada 4,397.58 dan Indeks FBM70 53.90 mata lebih tinggi pada 8,330.46.
Saham turun mengatasi saham naik dengan jumlah 534 berbanding 190 manakala 234 kaunter tidak berubah dan 361 yang lain tidak diniagakan.
Jumlah dagangan mengecil kepada 935.253 juta saham bernilai RM1.425 bilion daripada 1.08 bilion saham bernilai RM1.82 bilion kelmarin.
Antara saham cergas, MEMS Technology susut empat sen kepada empat sen, Mulpha-WA naik sesen kepada tiga sen dan Mulpha International mengukuh empat sen kepada 51 sen. Kenaikan terbesar dicatatkan oleh Nestle dengan peningkatan 76 sen kepada RM33.78, British American Tobacco dengan penambahan 46 sen kepada RM42.96 dan KYM yang mengukuh 24 sen kepada RM1.13.
Bagi saham berwajaran tinggi, Sime Darby turun tujuh sen kepada RM8.66, Maybank dan CIMB susut dua sen, masing-masing kepada RM6.80 dan RM12.74, manakala IOI Corp merosot 11 sen kepada RM5.20 dan Tanjong jatuh 12 sen kepada RM17.28.
Jumlah dagangan dalam Pasaran Utama susut kepada 745.39 juta saham bernilai RM1.39 bilion daripada 917.21 juta saham bernilai RM1.795 bilion kelmarin.
Pasaran Ace mencatatkan peningkatan jumlah dagangan kepada 151.34 juta saham bernilai RM22.47 juta daripada 106.463 juta saham bernilai RM18.02 juta sebelumnya. Waran berkurangan jumlahnya kepada 30.48 juta unit bernilai RM4.97 juta daripada 49.5 juta unit bernilai RM10.09 juta.
Barangan pengguna menguasai 69.54 juta saham yang diniagakan dalam Pasaran Utama, barangan perusahaan 162.22 juta, pembinaan 43.22 juta, perdagangan dan perkhidmatan 251.1 juta, teknologi 38.61 juta, prasarana 10.44 juta, kewangan 68.47 juta, hotel 575,300, harta 76.36 juta, perladangan 22.69 juta, perlombongan 9,000, REIT 2.07 juta, dan dana tertutup 40,200. - Bernama
kejatuhan di kaunter perladangan menyeret turun indeks utama.
Pada penutup, penunjuk pasaran Indeks Komposit Kuala Lumpur FTSE Bursa Malaysia (FBM KLCI) turun 1.26 mata kepada 1,264.51 selepas dibuka 1.52 mata lebih teguh pada 1,267.29 pagi semalam.
Ketua Penyelidikan MIMB Investment, Mohd Nazri Khan, berkata pasaran dijangka kekal dalam aliran pembetulan bagi sebulan atau dua bulan akan datang, dengan pelabur institusi memilih untuk tidak memasuki pasaran sementara waktu.
Pasaran melepasi paras 1,300 dalam arah aliran menurun dan dijangka lemah dalam jangka terdekat ini.
Kebanyakan indeks utama melepasi paras sokongan masing-masing.
Perubahan nada cadangan Presiden Amerika Syarikat (AS), Barrack Obama untuk mengehadkan pengambilan risiko oleh bank juga sedikit sebanyak menjejaskan pasaran, katanya.
Mohd Nazri menjangka paras sokongan FBM KLCI berikutnya pada 1,250.
Pada akhir dagangan, Indeks Kewangan Bursa Malaysia naik 14.92 mata kepada 11,074.77, Indeks Perusahaan susut 5.39 mata kepada 2,630.22 dan Indeks Perladangan turun 46.21 mata kepada 6,225.0.
Indeks FBM Emas meningkat 18.25 mata kepada 8,517.09, Indeks FBM Ace mengukuh 33.67 mata kepada 4,397.58 dan Indeks FBM70 53.90 mata lebih tinggi pada 8,330.46.
Saham turun mengatasi saham naik dengan jumlah 534 berbanding 190 manakala 234 kaunter tidak berubah dan 361 yang lain tidak diniagakan.
Jumlah dagangan mengecil kepada 935.253 juta saham bernilai RM1.425 bilion daripada 1.08 bilion saham bernilai RM1.82 bilion kelmarin.
Antara saham cergas, MEMS Technology susut empat sen kepada empat sen, Mulpha-WA naik sesen kepada tiga sen dan Mulpha International mengukuh empat sen kepada 51 sen. Kenaikan terbesar dicatatkan oleh Nestle dengan peningkatan 76 sen kepada RM33.78, British American Tobacco dengan penambahan 46 sen kepada RM42.96 dan KYM yang mengukuh 24 sen kepada RM1.13.
Bagi saham berwajaran tinggi, Sime Darby turun tujuh sen kepada RM8.66, Maybank dan CIMB susut dua sen, masing-masing kepada RM6.80 dan RM12.74, manakala IOI Corp merosot 11 sen kepada RM5.20 dan Tanjong jatuh 12 sen kepada RM17.28.
Jumlah dagangan dalam Pasaran Utama susut kepada 745.39 juta saham bernilai RM1.39 bilion daripada 917.21 juta saham bernilai RM1.795 bilion kelmarin.
Pasaran Ace mencatatkan peningkatan jumlah dagangan kepada 151.34 juta saham bernilai RM22.47 juta daripada 106.463 juta saham bernilai RM18.02 juta sebelumnya. Waran berkurangan jumlahnya kepada 30.48 juta unit bernilai RM4.97 juta daripada 49.5 juta unit bernilai RM10.09 juta.
Barangan pengguna menguasai 69.54 juta saham yang diniagakan dalam Pasaran Utama, barangan perusahaan 162.22 juta, pembinaan 43.22 juta, perdagangan dan perkhidmatan 251.1 juta, teknologi 38.61 juta, prasarana 10.44 juta, kewangan 68.47 juta, hotel 575,300, harta 76.36 juta, perladangan 22.69 juta, perlombongan 9,000, REIT 2.07 juta, dan dana tertutup 40,200. - Bernama
Bursa Malaysia jangka lebih banyak IPO tahun ini
KUALA LUMPUR 28 Jan. - Bursa Malaysia menjangkakan tawaran awam permulaan (IPO) tahun ini lebih banyak berbanding 14 penyenaraian IPO tahun lepas.
Ketua Pegawai Eksekutif Bursa, Datuk Yusli Mohamed Yusoff berkata, penyenaraian IPO pertama tahun ini ialah pada Febuari.
Tahun lepas beliau berkata, IPO pertama disenarai pada separuh kedua tahun itu.
Yusli berkata, Bursa Malaysia menjangkakan lebih banyak syarikat China akan disenarai tahun ini berbanding tiga IPO tahun lepas.
"Peserta pasaran menjangkakan angka itu lebih tinggi berbanding tahun lepas.
"Kami harap syarikat dari negara lain akan menimbang disenarai di sini," katanya pada taklimat media pada persidangan Invest Malaysia 2010 di sini hari ini.
Mengenai saiz IPO yang dijangkakan tahun ini, beliau berkata: "Ia sangat mencabar untuk kami mendapatkan sesuatu sebesar Maxis".
"Pada masa ini, kami tidak dapat menjangkakan saiznya tahun ini," katanya.
Beliau berkata, Kementerian Kewangan juga mengkaji penswastaan beberapa asetnya untuk disenaraikan.
"Ada antaranya yang besar. Oleh itu, kami perlu tunggu dan lihat," katanya.
Yusli berkata, pasaran saham, yang menyaksikan pembetulan dalam tempoh beberapa tahun yang lepas, menawarkan peluang yang baik untuk pelabur.
"Ia baik untuk pelabur. Apabila ada pembetulan, pasti ada peluang," katanya.
Ketua Pegawai Eksekutif Bursa, Datuk Yusli Mohamed Yusoff berkata, penyenaraian IPO pertama tahun ini ialah pada Febuari.
Tahun lepas beliau berkata, IPO pertama disenarai pada separuh kedua tahun itu.
Yusli berkata, Bursa Malaysia menjangkakan lebih banyak syarikat China akan disenarai tahun ini berbanding tiga IPO tahun lepas.
"Peserta pasaran menjangkakan angka itu lebih tinggi berbanding tahun lepas.
"Kami harap syarikat dari negara lain akan menimbang disenarai di sini," katanya pada taklimat media pada persidangan Invest Malaysia 2010 di sini hari ini.
Mengenai saiz IPO yang dijangkakan tahun ini, beliau berkata: "Ia sangat mencabar untuk kami mendapatkan sesuatu sebesar Maxis".
"Pada masa ini, kami tidak dapat menjangkakan saiznya tahun ini," katanya.
Beliau berkata, Kementerian Kewangan juga mengkaji penswastaan beberapa asetnya untuk disenaraikan.
"Ada antaranya yang besar. Oleh itu, kami perlu tunggu dan lihat," katanya.
Yusli berkata, pasaran saham, yang menyaksikan pembetulan dalam tempoh beberapa tahun yang lepas, menawarkan peluang yang baik untuk pelabur.
"Ia baik untuk pelabur. Apabila ada pembetulan, pasti ada peluang," katanya.
Bursa teguh di akhir dagangan
KUALA LUMPUR 28 Jan - Kebanyakan saham di Bursa Malaysia mengakhiri dagangan pada harga lebih teguh hari ini selepas menyaksikan pengambilan untung selama tiga hari, tetapi kejatuhan di kaunter-kaunter perladangan menyeret turun indeks utama, kata peniaga.
Pada pukul 5 petang, penunjuk pasaran, Indeks Komposit Kuala Lumpur FTSE Bursa Malaysia (FBM KLCI) turun 1.26 mata kepada 1,264.51 setelah dibuka 1.52 mata lebih teguh pada 1,267.29 pagi tadi.
Pada akhir dagangan, Indeks Kewangan Bursa Malaysia naik 14.92 mata kepada 11,074.77, Indeks Perusahaan susut 5.39 mata kepada 2,630.22 dan Indeks Perladangan turun 46.21 mata kepada 6,225.0.
Indeks FBM Emas meningkat 18.25 mata kepada 8,517.09, Indeks FBM Ace mengukuh 33.67 mata kepada 4,397.58 dan Indeks FBM70 53.90 mata lebih tinggi pada 8,330.46.
Saham turun mengatasi saham naik dengan jumlah 534 berbanding 190 manakala 234 kaunter tidak berubah dan 361 yang lain tidak diniagakan.
Jumlah dagangan mengecil kepada 935.253 juta saham bernilai RM1.425 bilion daripada 1.08 bilion saham bernilai RM1.82 bilion semalam.
Antara saham cergas, MEMS Technology susut empat sen kepada empat sen, Mulpha-WA naik sesen kepada tiga sen dan Mulpha International mengukuh empat sen kepada 51 sen.
Kenaikan terbesar dicatatkan oleh Nestle dengan peningkatan 76 sen kepada RM33.78, British American Tobacco dengan penambahan 46 sen kepada RM42.96 dan KYM yang mengukuh 24 sen kepada RM1.13.
Jumlah dagangan dalam Pasaran Utama susut kepada 745.39 juta saham bernilai RM1.39 bilion daripada 917.21 juta saham bernilai RM1.795 bilion semalam.Pasaran Ace mencatatkan peningkatan jumlah dagangan kepada 151.34 juta saham bernilai RM22.47 juta daripada 106.463 juta saham bernilai RM18.02 juta sebelumnya.
Waran berkurangan jumlahnya kepada 30.48 juta unit bernilai RM4.97 juta daripada 49.5 juta unit bernilai RM10.09 juta.
Barangan pengguna menguasai 69.54 juta saham yang diniagakan dalam Pasaran Utama, barangan perusahaan 162.22 juta, pembinaan 43.22 juta, perdagangan dan perkhidmatan 251.1 juta, teknologi 38.61 juta, prasarana 10.44 juta, kewangan 68.47 juta, hotel 575,300, harta 76.36 juta, perladangan 22.69 juta, perlombongan 9,000, REIT 2.07 juta, dan dana tertutup 40,200.
- Bernama
Pada pukul 5 petang, penunjuk pasaran, Indeks Komposit Kuala Lumpur FTSE Bursa Malaysia (FBM KLCI) turun 1.26 mata kepada 1,264.51 setelah dibuka 1.52 mata lebih teguh pada 1,267.29 pagi tadi.
Pada akhir dagangan, Indeks Kewangan Bursa Malaysia naik 14.92 mata kepada 11,074.77, Indeks Perusahaan susut 5.39 mata kepada 2,630.22 dan Indeks Perladangan turun 46.21 mata kepada 6,225.0.
Indeks FBM Emas meningkat 18.25 mata kepada 8,517.09, Indeks FBM Ace mengukuh 33.67 mata kepada 4,397.58 dan Indeks FBM70 53.90 mata lebih tinggi pada 8,330.46.
Saham turun mengatasi saham naik dengan jumlah 534 berbanding 190 manakala 234 kaunter tidak berubah dan 361 yang lain tidak diniagakan.
Jumlah dagangan mengecil kepada 935.253 juta saham bernilai RM1.425 bilion daripada 1.08 bilion saham bernilai RM1.82 bilion semalam.
Antara saham cergas, MEMS Technology susut empat sen kepada empat sen, Mulpha-WA naik sesen kepada tiga sen dan Mulpha International mengukuh empat sen kepada 51 sen.
Kenaikan terbesar dicatatkan oleh Nestle dengan peningkatan 76 sen kepada RM33.78, British American Tobacco dengan penambahan 46 sen kepada RM42.96 dan KYM yang mengukuh 24 sen kepada RM1.13.
Jumlah dagangan dalam Pasaran Utama susut kepada 745.39 juta saham bernilai RM1.39 bilion daripada 917.21 juta saham bernilai RM1.795 bilion semalam.Pasaran Ace mencatatkan peningkatan jumlah dagangan kepada 151.34 juta saham bernilai RM22.47 juta daripada 106.463 juta saham bernilai RM18.02 juta sebelumnya.
Waran berkurangan jumlahnya kepada 30.48 juta unit bernilai RM4.97 juta daripada 49.5 juta unit bernilai RM10.09 juta.
Barangan pengguna menguasai 69.54 juta saham yang diniagakan dalam Pasaran Utama, barangan perusahaan 162.22 juta, pembinaan 43.22 juta, perdagangan dan perkhidmatan 251.1 juta, teknologi 38.61 juta, prasarana 10.44 juta, kewangan 68.47 juta, hotel 575,300, harta 76.36 juta, perladangan 22.69 juta, perlombongan 9,000, REIT 2.07 juta, dan dana tertutup 40,200.
- Bernama
Sime Darby senarai Sukuk
KUALA LUMPUR 28 Jan. - Sime Darby Bhd. (Sime Darby) hari ini menyenaraikan Program Sukuk Ringgit Malaysia dengan gabungan had utama sebanyak RM4.5 bilion di bawah Rejim Pengecualian.
Sukuk itu distruktur berasaskan prinsip Islam Musharakah.
Bursa Malaysia dalam kenyataannya berkata, program Sukuk itu, dengan tempoh matang 20 tahun ditaraf MARC-1ID/AAAID bagi Program Nota Jangka Pendek Islam/Kertas Komersial Islam.
Penyenaraian Sukuk itu akan meningkatkan kedudukan Bursa Malaysia sebagai destinasi penyenaraian pilihan bagi bon-bon Islam di kalangan penerbit tempatan dan antarabangsa.
Malaysia merupakan peneraju dalam pasaran global Sukuk dengan lebih 60 peratus penyenaraian dibuat di Malaysia, sekali gus menjadi penerbit terbesar.
Sukuk itu distruktur berasaskan prinsip Islam Musharakah.
Bursa Malaysia dalam kenyataannya berkata, program Sukuk itu, dengan tempoh matang 20 tahun ditaraf MARC-1ID/AAAID bagi Program Nota Jangka Pendek Islam/Kertas Komersial Islam.
Penyenaraian Sukuk itu akan meningkatkan kedudukan Bursa Malaysia sebagai destinasi penyenaraian pilihan bagi bon-bon Islam di kalangan penerbit tempatan dan antarabangsa.
Malaysia merupakan peneraju dalam pasaran global Sukuk dengan lebih 60 peratus penyenaraian dibuat di Malaysia, sekali gus menjadi penerbit terbesar.
Today's diary What to expect on January 29, 2009
1. Bank Negara Malaysia organises public lecture by the First Holder of INCEIF Chair of Islamic Finance, Dr Abbas Mirakhor, themed Paradigm Change in Shaping the Future of Islamic Finance: The Leadership Role of Malaysia. Governor of BNM officiates and delivers the welcoming remarks at Auditorium, BNM, KL at 9am.
2. illy's Universita del caffe opens a new branch in KL at Block B, Unit 901, 9th Flr, Phileo Damansara 2, Jln 16/11 Off Jln Damansara, PJ, Selangor at 10am
3. Minister of Finance II officiates at the opening of Bank Islam's 100th branch at Wisma Bank Islam, Jln Dungun, Bukit Damansara, KL at 10am
4. Official opening of Mail Boxes ETC ® KL Sentral at Unit 8A, Level 2, Stesen Sentral KL at 10.30am
5. Official opening ceremony of UMW Toyota Motor Sdn Bhd's Wing Hin 2S centre at Lot 9257C, Jln Balakong, Selangor at 2.30pm
6. Bursa Malaysia evening talks on CRS in the Context of the Market Place facilitated by ACCA at Conference Room, Ground Flr, Bursa Malaysia, KL at 3pm
7. Signing of joint-venture agreement between MALAYAN FLOUR MILLS BHD [], Toyota Tsusho Coporation and Toyota Tsusho (Singapore) Pte Ltd at Ballroom 1, Level 2, Nikko Hotel, KL at 4pm
8. Guinness Anchor Tiger Beer to unveil a surprise in conjunction with the Win Gold Campaign at Serdang Food Court, Bangunan Medan Selera Bukit Serdang, Jln PBS 14/1, Bukit Serdang, Selangor at 8pm
2. illy's Universita del caffe opens a new branch in KL at Block B, Unit 901, 9th Flr, Phileo Damansara 2, Jln 16/11 Off Jln Damansara, PJ, Selangor at 10am
3. Minister of Finance II officiates at the opening of Bank Islam's 100th branch at Wisma Bank Islam, Jln Dungun, Bukit Damansara, KL at 10am
4. Official opening of Mail Boxes ETC ® KL Sentral at Unit 8A, Level 2, Stesen Sentral KL at 10.30am
5. Official opening ceremony of UMW Toyota Motor Sdn Bhd's Wing Hin 2S centre at Lot 9257C, Jln Balakong, Selangor at 2.30pm
6. Bursa Malaysia evening talks on CRS in the Context of the Market Place facilitated by ACCA at Conference Room, Ground Flr, Bursa Malaysia, KL at 3pm
7. Signing of joint-venture agreement between MALAYAN FLOUR MILLS BHD [], Toyota Tsusho Coporation and Toyota Tsusho (Singapore) Pte Ltd at Ballroom 1, Level 2, Nikko Hotel, KL at 4pm
8. Guinness Anchor Tiger Beer to unveil a surprise in conjunction with the Win Gold Campaign at Serdang Food Court, Bangunan Medan Selera Bukit Serdang, Jln PBS 14/1, Bukit Serdang, Selangor at 8pm
January 28, 2010
Markets snap losing streak
KUALA LUMPUR: Key regional markets snapped from their recent losses at the midday break on Thursday, Jan 28 after the firmer close on Wall Street while at Bursa Malaysia, blue chips were marginally higher.
US stock index futures also shot up in late after-hours trading as President Barack Obama pushed job creation to the top of his agenda to bring down high unemployment, proposing the use of US$30 billion of bank bailout repayments to boost lending to small businesses, according to Reuters.
The FBM KLCI inched up a marginal 0.03 of a point to 1,265.8 at 12.30pm. Turnover was 523.11 million shares valued at RM628.83 million. Advancing counters beat decliners 460 to 148 while 207 stocks were unchanged.
Japan's Nikkei 225 rose 1.77%to 10,433.83, Hong Kong's Hang Seng Index added 1.81% to 20,396.40 while Shanghai's Composite Index added 0.41% to 2,998.83 and Singapore's Straits Times Index rallied 1.91% to 2,757.94.
Light crude oil rose 23 cents to US$73.90, US spot gold added US$1.88 to US$1,089.78 while crude palm oil futures gained RM12 to RM2,441.
Among the index-linked stocks, BAT added 46 sen to RM42.96, PPB 32 sen to RM16.70, Genting nine sen to RM7.05, Public Bank six sen to RM11.76.
Nestle rose 28 sen to RM33.30 while glove markers Hartalege rose 18 sen to RM7.44 and Adventa 17 sen to RM3.58.
KYM jumped 24 sen to RM1.13 in active trade as traders viewed the recent corporate developments as positive.
MEMS was the most active with 36.7 million shares done, losing half its value when it fell four sen to four sen.
Tanjong lost 12 sen to RM17.28, F&N 10 sen to RM11, IOI Corp nine sen to RM5.22 and Maxis two sen to RM5.37.
US stock index futures also shot up in late after-hours trading as President Barack Obama pushed job creation to the top of his agenda to bring down high unemployment, proposing the use of US$30 billion of bank bailout repayments to boost lending to small businesses, according to Reuters.
The FBM KLCI inched up a marginal 0.03 of a point to 1,265.8 at 12.30pm. Turnover was 523.11 million shares valued at RM628.83 million. Advancing counters beat decliners 460 to 148 while 207 stocks were unchanged.
Japan's Nikkei 225 rose 1.77%to 10,433.83, Hong Kong's Hang Seng Index added 1.81% to 20,396.40 while Shanghai's Composite Index added 0.41% to 2,998.83 and Singapore's Straits Times Index rallied 1.91% to 2,757.94.
Light crude oil rose 23 cents to US$73.90, US spot gold added US$1.88 to US$1,089.78 while crude palm oil futures gained RM12 to RM2,441.
Among the index-linked stocks, BAT added 46 sen to RM42.96, PPB 32 sen to RM16.70, Genting nine sen to RM7.05, Public Bank six sen to RM11.76.
Nestle rose 28 sen to RM33.30 while glove markers Hartalege rose 18 sen to RM7.44 and Adventa 17 sen to RM3.58.
KYM jumped 24 sen to RM1.13 in active trade as traders viewed the recent corporate developments as positive.
MEMS was the most active with 36.7 million shares done, losing half its value when it fell four sen to four sen.
Tanjong lost 12 sen to RM17.28, F&N 10 sen to RM11, IOI Corp nine sen to RM5.22 and Maxis two sen to RM5.37.
Blue chips inch lower, IOI Corp, CIMB weigh
KUALA LUMPUR: Blue chips continued their downward trend on some mild selling pressure in the early trade on Thursday, Jan 28, with IOI Corp, Tanjong and CIMB among the decliners.
At 9.38am, the FBM KLCI fell 3.49 points to 1,262.28. Turnover was 156 million shares valued at RM93.8 million. The broader market was firmer with advancing counters beating decliners 219 to 88.
Analysts said on Wednesday, the FBM KLCI violated the 50-day MAV line and experienced its first major technical breakdown since the bull market started March last year.
They added the 50-day MAV line had been supporting the massive rally for nearly a year and this line has never been taken out decisively before, other than the fake breakdown experienced by the key index in December last year.
Analysts said from the current level, investors should look for the 100-day MAV line at the 1,253-level as the immediate critical support. To the upside, there is a very strong resistance at the 50-day MAV line at the 1,277-level followed by the 1,300 mark.
IOI Corp fell 10 sen to RM5.21, Tanjong eight sen to RM17.32 while CIMB shed eight sen to RM12.68 and Public Bank foreign six sen to RM11.68.
Top Glove lost six sen to RM10.98, MISC-OR and Sime five sen each to RM1 and RM8.68.
At 9.38am, the FBM KLCI fell 3.49 points to 1,262.28. Turnover was 156 million shares valued at RM93.8 million. The broader market was firmer with advancing counters beating decliners 219 to 88.
Analysts said on Wednesday, the FBM KLCI violated the 50-day MAV line and experienced its first major technical breakdown since the bull market started March last year.
They added the 50-day MAV line had been supporting the massive rally for nearly a year and this line has never been taken out decisively before, other than the fake breakdown experienced by the key index in December last year.
Analysts said from the current level, investors should look for the 100-day MAV line at the 1,253-level as the immediate critical support. To the upside, there is a very strong resistance at the 50-day MAV line at the 1,277-level followed by the 1,300 mark.
IOI Corp fell 10 sen to RM5.21, Tanjong eight sen to RM17.32 while CIMB shed eight sen to RM12.68 and Public Bank foreign six sen to RM11.68.
Top Glove lost six sen to RM10.98, MISC-OR and Sime five sen each to RM1 and RM8.68.
CIMB Research positive on construction, building materials
KUALA LUMPUR: CIMB Equities Research expects CONSTRUCTION [] sector growth and fundamentals for the building materials sector to stay positive in 2010 and beyond.
It said on Thursday, Jan 28 the growth should be sustainable given the implementation of larger government and private sector jobs this year, and increased construction on the property side.
The tabling of the 10th Malaysia Plan (10MP) in June 2010 should provide more visibility on infrastructure and construction spending beyond 2010.
CIMB Research said although the outlook for building materials appears positive, we continue to rate the building materials sector a NEUTRAL, it believed the earlier positive newsflow on stimulus packages and the potential pick-up in construction activities have already been priced in.
The pricing in has been for the biggest player in its coverage, Lafarge Malayan Cement. Ann Joo remains its top pick in the building materials sector.
“However, for exposure to pump-priming, we prefer direct exposure to the contractors,” it said.
CIMB Research said demand for Ann Joo’s products will pick up and possibly even gain momentum in 2H. Its target price remains at RM3.55, still pegged to 12.8 times P/E, a 15% discount to our target market P/E of 15 times.
It is Neutral on Lafarge as the share price has already priced in the positive newsflow on construction activities and stimulus packages. It retains its target price of RM6.96, which it will continue to base on a blend of its target market P/E of 15 times and a P/BV of 1.1 times.
“We maintain our Outperform rating (Tasek Corporation) in view of the potential strong pick-up in construction activities in 2010. With a cash hoard of RM332 million as at September 2009, it is in an excellent position to capitalise on M&A opportunities in the region.
“Our target price remains at RM5, still based on a blend of 12 times P/E and 0.8 times P/BV. These target valuations are a discount to Lafarge’s 15 times target P/E and 1.1 P/BV. Potential re-rating catalysts include stronger demand from pump-priming which could boost sales and selling prices,” it said.
It said on Thursday, Jan 28 the growth should be sustainable given the implementation of larger government and private sector jobs this year, and increased construction on the property side.
The tabling of the 10th Malaysia Plan (10MP) in June 2010 should provide more visibility on infrastructure and construction spending beyond 2010.
CIMB Research said although the outlook for building materials appears positive, we continue to rate the building materials sector a NEUTRAL, it believed the earlier positive newsflow on stimulus packages and the potential pick-up in construction activities have already been priced in.
The pricing in has been for the biggest player in its coverage, Lafarge Malayan Cement. Ann Joo remains its top pick in the building materials sector.
“However, for exposure to pump-priming, we prefer direct exposure to the contractors,” it said.
CIMB Research said demand for Ann Joo’s products will pick up and possibly even gain momentum in 2H. Its target price remains at RM3.55, still pegged to 12.8 times P/E, a 15% discount to our target market P/E of 15 times.
It is Neutral on Lafarge as the share price has already priced in the positive newsflow on construction activities and stimulus packages. It retains its target price of RM6.96, which it will continue to base on a blend of its target market P/E of 15 times and a P/BV of 1.1 times.
“We maintain our Outperform rating (Tasek Corporation) in view of the potential strong pick-up in construction activities in 2010. With a cash hoard of RM332 million as at September 2009, it is in an excellent position to capitalise on M&A opportunities in the region.
“Our target price remains at RM5, still based on a blend of 12 times P/E and 0.8 times P/BV. These target valuations are a discount to Lafarge’s 15 times target P/E and 1.1 P/BV. Potential re-rating catalysts include stronger demand from pump-priming which could boost sales and selling prices,” it said.
Pelabur asing minat hartanah komersial
KEMASUKAN pelaburan asing ke dalam sektor hartanah komersial di negara ini susulan langkah kerajaan meliberalisasikan sektor berkenaan dijangka mula dirasakan hujung tahun ini.
Firma perkhidmatan hartanah komersial terbesar dunia, CB Richard Ellis (CBRE), berkata ketika ini pasaran hartanah komersial belum merasai kesan sepenuhnya daripada pengumuman kerajaan pada Bajet lalu yang menghapuskan syarat keperluan ekuiti tempatan bagi pembelian hartanah oleh pihak asing.
Pengerusi Eksekutif CB Richard Ellis (Malaysia) Sdn Bhd (CBRE Malaysia), Christopher Boyd, berkata pelabur asing berpotensi dalam sektor hartanah komersial tempatan adalah dari Singapura, Hong Kong, Korea Selatan dan Asia Barat.
“Kita akan menyaksikan jumlah pelaburan asing yang agak besar daripada pelabur ini menjelang akhir tahun ini,” katanya ketika membentangkan laporan CBRE Research mengenai prospek pasaran hartanah komersial Malaysia di Kuala Lumpur, semalam.
Boyd berkata, tarikan pelaburan dalam sektor hartanah komersial tempatan terletak pada faktor seperti prasarana moden, kemudahan awam berkualiti dan kos pemilikan hartanah yang lebih murah.
“Kuala Lumpur yang menjadi lokasi utama pilihan pelabur misalnya menawarkan pilihan bangunan yang banyak di pelbagai lokasi. Kadar sewa ruang pejabat di Kuala Lumpur juga lebih berdaya saing berbanding bandar raya lain di rantau ini menyebabkan semakin banyak multinasional asing berpindah ke sini,” katanya.
Boyd juga berkata, kadar sewa pejabat di Kuala Lumpur dijangkakan kembali stabil dalam separuh pertama ini setelah jatuh sedikit tahun lalu berikutan kegawatan ekonomi global.
“Kebanyakan syarikat mengurangkan saiz operasi berikutan krisis ekonomi menyebabkan permintaan terhadap ruang pejabat merosot yang membawa kepada penurunan kadar sewaan,” katanya.
Kadar sewa pejabat Gred A di Kuala Lumpur berada pada kemuncak dalam suku keempat 2008 pada RM7.10 sekaki persegi dan seterusnya merosot kira-kira 15 peratus pada suku keempat tahun lalu.
Kadar sewa pejabat Gred A di Kuala Lumpur pada akhir 2009 adalah RM7 sekaki persegi, sama seperti pada suku pertama.
Tahun lalu, 14 bangunan pejabat baru disiapkan di Kuala Lumpur membabitkan keluasan 4.76 juta kaki persegi ruang sewaan.
Boyd berkata, penawaran bangunan pejabat baru di Kuala Lumpur dijangka bertambah dalam tempoh tiga tahun akan datang sekali gus meningkatkan daya tarikannya sebagai lokasi menjalankan perniagaan.
“Bangunan pejabat baru ini akan menawarkan ruang sewaan tambahan berjumlah 2.40 juta kaki persegi,” katanya.
Firma perkhidmatan hartanah komersial terbesar dunia, CB Richard Ellis (CBRE), berkata ketika ini pasaran hartanah komersial belum merasai kesan sepenuhnya daripada pengumuman kerajaan pada Bajet lalu yang menghapuskan syarat keperluan ekuiti tempatan bagi pembelian hartanah oleh pihak asing.
Pengerusi Eksekutif CB Richard Ellis (Malaysia) Sdn Bhd (CBRE Malaysia), Christopher Boyd, berkata pelabur asing berpotensi dalam sektor hartanah komersial tempatan adalah dari Singapura, Hong Kong, Korea Selatan dan Asia Barat.
“Kita akan menyaksikan jumlah pelaburan asing yang agak besar daripada pelabur ini menjelang akhir tahun ini,” katanya ketika membentangkan laporan CBRE Research mengenai prospek pasaran hartanah komersial Malaysia di Kuala Lumpur, semalam.
Boyd berkata, tarikan pelaburan dalam sektor hartanah komersial tempatan terletak pada faktor seperti prasarana moden, kemudahan awam berkualiti dan kos pemilikan hartanah yang lebih murah.
“Kuala Lumpur yang menjadi lokasi utama pilihan pelabur misalnya menawarkan pilihan bangunan yang banyak di pelbagai lokasi. Kadar sewa ruang pejabat di Kuala Lumpur juga lebih berdaya saing berbanding bandar raya lain di rantau ini menyebabkan semakin banyak multinasional asing berpindah ke sini,” katanya.
Boyd juga berkata, kadar sewa pejabat di Kuala Lumpur dijangkakan kembali stabil dalam separuh pertama ini setelah jatuh sedikit tahun lalu berikutan kegawatan ekonomi global.
“Kebanyakan syarikat mengurangkan saiz operasi berikutan krisis ekonomi menyebabkan permintaan terhadap ruang pejabat merosot yang membawa kepada penurunan kadar sewaan,” katanya.
Kadar sewa pejabat Gred A di Kuala Lumpur berada pada kemuncak dalam suku keempat 2008 pada RM7.10 sekaki persegi dan seterusnya merosot kira-kira 15 peratus pada suku keempat tahun lalu.
Kadar sewa pejabat Gred A di Kuala Lumpur pada akhir 2009 adalah RM7 sekaki persegi, sama seperti pada suku pertama.
Tahun lalu, 14 bangunan pejabat baru disiapkan di Kuala Lumpur membabitkan keluasan 4.76 juta kaki persegi ruang sewaan.
Boyd berkata, penawaran bangunan pejabat baru di Kuala Lumpur dijangka bertambah dalam tempoh tiga tahun akan datang sekali gus meningkatkan daya tarikannya sebagai lokasi menjalankan perniagaan.
“Bangunan pejabat baru ini akan menawarkan ruang sewaan tambahan berjumlah 2.40 juta kaki persegi,” katanya.
Ulasan Pasaran: FBM KLCI susut 17.25 mata lagi
Pasaran dikuasai kegiatan pengambilan untung saham berwajaran tinggi utama
HARGA saham di Bursa Malaysia ditutup amat rendah semalam berikutan kegiatan pengambilan untung dalam saham berwajaran tinggi utama, terutama pada kaunter perbankan.
Pada penutup, petunjuk pasaran Indeks Komposit FTSE Bursa Malaysia (FBM KLCI) merosot 17.25 mata kepada 1,265.77 selepas dibuka 1.49 mata lebih rendah pada 1,281.53 pada sesi pagi.
Seorang penganalisis berkata, walaupun Bank Negara Malaysia mengekalkan kadar dasar semalaman (OPR) pada paras rendah dua peratus, kenyataannya berhubung kemungkinan berlakunya kenaikan kadar tahun ini telah merangsangkan jualan dalam saham perbankan.
“Kenyataan oleh bank pusat yang ia mungkin perlu menyemak kembali kadar bagi mengelakkan ketidakseimbangan kewangan telah menyebabkan pasaran untuk percaya yang kadar akan meningkat, mungkin pada suku kedua tahun ini.
“Ini telah menurunkan harga saham perbankan dengan begitu ketara. Kenaikan dalam OPR pada dasarnya akan menyaksikan kos meningkat dan ini akan memberi kesan ke atas pinjaman,” kata beliau.
Pada penutup, Indeks Kewangan Bursa Malaysia merosot 179.16 mata kepada 11,059.85, Indeks Perindustrian susut 13.73 mata kepada 2,635.61 dan Indeks Perladangan lebih rendah 74.58 mata kepada 6,271.21.
Indeks FBM Emas turun 111.7 mata kepada 8,498.84, Indeks FBM Ace berkurangan 32.35 mata kepada 4,363.91 dan Indeks FBM70 pula 86.84 mata lebih rendah pada 8,276.56.
Saham rugi mengatasi saham untung dengan 618 berbanding 168 sementara 215 kaunter tidak berubah dan 318 yang lain tidak diniagakan.
Jumlah dagangan merosot kepada 1.08 bilion saham bernilai RM1.82 bilion daripada 1.25 bilion saham bernilai RM1.65 bilion kelmarin.
Di kalangan saham aktif, Rhythm Consolidated naik tiga sen kepada 4.5 sen, Focus Dynamics lebih rendah satu sen kepada 13.5 sen dan Talam kekal pada 12 sen.
Kaunter yang menongkah arah pula termasuklah Metrod yang mengukuh 30 sen kepada RM3.50 serta Fraser&Neave dan AE Multi yang masing-masing naik 10 sen kepada RM11.10 dan RM1.29.
Untuk saham berwajaran tinggi pula, Sime Darby merosot enam sen kepada RM8.73, Maybank susut tiga sen kepada RM6.82, CIMB lebih rendah 30 sen kepada RM12.76 dan Maxis kekal pada RM5.39.
IOI Corp susut 10 sen kepada RM5.31, Tenaga Nasional lebih rendah 13 sen kepada RM8.00, Public Bank merosot 20 sen kepada RM11.70, PPB pula turun 26 sen kepada RM16.38 dan British American Tobacco berkurangan 30 sen kepada RM42.50.
Jumlah dagangan di Pasaran Utama susut kepada 917.21 juta saham bernilai RM1.795 bilion daripada 1.08 bilion saham bernilai RM1.61 bilion kelmarin.
Jumlah dagangan di Pasaran Ace meningkat kepada 106.463 juta saham bernilai RM18.02 juta daripada 81.989 juta saham bernilai RM16.167 juta sebelumnya.
Waran pula berkurangan kepada 49.5 juta unit bernilai RM10.09 juta daripada 61.14 juta unit bernilai RM11.674 juta sebelumnya.
Produk pengguna menguasai 41.49 juta saham yang diniagakan di Pasaran Utama, produk perusahaan 211.92 juta, pembinaan 57.55 juta, urus niaga dan perkhidmatan 322.83 juta, teknologi 40.65 juta, infrastruktur 19.87 juta, kewangan 89.91 juta, perhotelan 458,300, hartanah 98.15 juta, perladangan 31.27 juta, perlombongan 100,000, REIT 2.96 juta, dan dana tertutup 38,200. - Bernama
HARGA saham di Bursa Malaysia ditutup amat rendah semalam berikutan kegiatan pengambilan untung dalam saham berwajaran tinggi utama, terutama pada kaunter perbankan.
Pada penutup, petunjuk pasaran Indeks Komposit FTSE Bursa Malaysia (FBM KLCI) merosot 17.25 mata kepada 1,265.77 selepas dibuka 1.49 mata lebih rendah pada 1,281.53 pada sesi pagi.
Seorang penganalisis berkata, walaupun Bank Negara Malaysia mengekalkan kadar dasar semalaman (OPR) pada paras rendah dua peratus, kenyataannya berhubung kemungkinan berlakunya kenaikan kadar tahun ini telah merangsangkan jualan dalam saham perbankan.
“Kenyataan oleh bank pusat yang ia mungkin perlu menyemak kembali kadar bagi mengelakkan ketidakseimbangan kewangan telah menyebabkan pasaran untuk percaya yang kadar akan meningkat, mungkin pada suku kedua tahun ini.
“Ini telah menurunkan harga saham perbankan dengan begitu ketara. Kenaikan dalam OPR pada dasarnya akan menyaksikan kos meningkat dan ini akan memberi kesan ke atas pinjaman,” kata beliau.
Pada penutup, Indeks Kewangan Bursa Malaysia merosot 179.16 mata kepada 11,059.85, Indeks Perindustrian susut 13.73 mata kepada 2,635.61 dan Indeks Perladangan lebih rendah 74.58 mata kepada 6,271.21.
Indeks FBM Emas turun 111.7 mata kepada 8,498.84, Indeks FBM Ace berkurangan 32.35 mata kepada 4,363.91 dan Indeks FBM70 pula 86.84 mata lebih rendah pada 8,276.56.
Saham rugi mengatasi saham untung dengan 618 berbanding 168 sementara 215 kaunter tidak berubah dan 318 yang lain tidak diniagakan.
Jumlah dagangan merosot kepada 1.08 bilion saham bernilai RM1.82 bilion daripada 1.25 bilion saham bernilai RM1.65 bilion kelmarin.
Di kalangan saham aktif, Rhythm Consolidated naik tiga sen kepada 4.5 sen, Focus Dynamics lebih rendah satu sen kepada 13.5 sen dan Talam kekal pada 12 sen.
Kaunter yang menongkah arah pula termasuklah Metrod yang mengukuh 30 sen kepada RM3.50 serta Fraser&Neave dan AE Multi yang masing-masing naik 10 sen kepada RM11.10 dan RM1.29.
Untuk saham berwajaran tinggi pula, Sime Darby merosot enam sen kepada RM8.73, Maybank susut tiga sen kepada RM6.82, CIMB lebih rendah 30 sen kepada RM12.76 dan Maxis kekal pada RM5.39.
IOI Corp susut 10 sen kepada RM5.31, Tenaga Nasional lebih rendah 13 sen kepada RM8.00, Public Bank merosot 20 sen kepada RM11.70, PPB pula turun 26 sen kepada RM16.38 dan British American Tobacco berkurangan 30 sen kepada RM42.50.
Jumlah dagangan di Pasaran Utama susut kepada 917.21 juta saham bernilai RM1.795 bilion daripada 1.08 bilion saham bernilai RM1.61 bilion kelmarin.
Jumlah dagangan di Pasaran Ace meningkat kepada 106.463 juta saham bernilai RM18.02 juta daripada 81.989 juta saham bernilai RM16.167 juta sebelumnya.
Waran pula berkurangan kepada 49.5 juta unit bernilai RM10.09 juta daripada 61.14 juta unit bernilai RM11.674 juta sebelumnya.
Produk pengguna menguasai 41.49 juta saham yang diniagakan di Pasaran Utama, produk perusahaan 211.92 juta, pembinaan 57.55 juta, urus niaga dan perkhidmatan 322.83 juta, teknologi 40.65 juta, infrastruktur 19.87 juta, kewangan 89.91 juta, perhotelan 458,300, hartanah 98.15 juta, perladangan 31.27 juta, perlombongan 100,000, REIT 2.96 juta, dan dana tertutup 38,200. - Bernama
Bursa dijangka melonjak semula minggu depan
Faktor asas pasaran saham tempatan masih kukuh
BURSA Malaysia yang mengalami kejatuhan empat hari urus niaga berturut-turut sejak Jumaat lalu, selepas penanda aras utamanya mencatatkan paras tertinggi dalam tempoh kira-kira dua tahun pada Khamis, dijangka akan melonjak semula menjelang minggu depan.
Penganalisis berkata, ini kerana umumnya faktor asas pasaran tempatan masih kukuh dan kejatuhan yang dialami ketika ini adalah sementara berikutan reaksi keterlaluan pelabur terhadap isyarat diberikan Bank Negara Malaysia mengenai kemungkinan berlakunya kenaikan kadar faedah serta masih wujudnya kebimbangan berlaku pemeluapan ekonomi China dan keputusan kerajaan Amerika Syarikat (AS) untuk mengetatkan pengambilan risiko di kalangan banknya.
Mereka berkata, apabila kebimbangan itu reda dan harga saham dilihat berada pada paras menarik, pasaran akan kembali menyaksikan pembelian secara aktif.
Penanda aras utama pasaran saham tempatan, Indeks Komposit FTSE Bursa Malaysia (FBM KLCI) merosot 17.25 mata semalam untuk ditutup pada 1,265.77 mata selepas jatuh sejumlah 25.4 mata sejak Jumaat lalu.
Sebelum itu pada Khamis indeks itu mencatatkan paras penutup tertinggi dalam tempoh kira-kira dua tahun pada 1,308.36 mata.
“Pasaran saham tempatan lemah kerana menjejaki prestasi serantau yang masih diselubungi kebimbangan kemungkinan berlakunya pemeluapan ekonomi China dan keputusan Kerajaan AS mengetatkan pengambilan risiko di kalangan banknya.
“Jika harga saham terus jatuh ke paras yang menarik, pelabur akan kembali membeli yang akan menyaksikan indeks FMB KLCI menguji semula paras rintangan psikologi 1,300 mata,” kata Penganalisis di MIDF Amanah Investment Bank Bhd, Wan Azhar Wan Mustapha.
Pengurus Besar (Operasi) ASM Investment Services Bhd, Rusli Abu Yamin turut yakin kejatuhan besar dicatatkan di Bursa Malaysia semalam sebagai sementara sebelum pelabur bertenang dengan isyarat yang diberikan Bank Negara kelmarin mengenai kemungkinan menaikkan kadar faedah berikutan pemulihan ekonomi yang semakin jelas.
Beliau menjelaskan, kenyataan Bank Negara itu diterjemahkan pelabur sebagai kemungkinan kadar faedah akan meningkat antara 0.25 dan 0.5 peratus dalam separuh pertama ini, lebih awal daripada jangkaan, iaitu dalam separuh kedua.
Rusli melihat kelemahan berlaku di pasaran saham ketika ini sebagai peluang membeli saham yang disokong faktor asas yang baik, khususnya bagi pelabur sebelum ini menjauhi pasaran atau telah menjual ketika harga kukuh iaitu pada separuh pertama bulan ini.
“ASM Investment masih kekal dengan unjuran FBM KLCI mampu meningkat hingga 1,350 mata tahun ini, malah tidak mustahil indeks utama itu mampu mencecah paras 1,400 mata dengan faktor kukuh asas ekonomi dan korporat yang dijangka menggalakkan sepanjang tahun ini,” katanya.
BURSA Malaysia yang mengalami kejatuhan empat hari urus niaga berturut-turut sejak Jumaat lalu, selepas penanda aras utamanya mencatatkan paras tertinggi dalam tempoh kira-kira dua tahun pada Khamis, dijangka akan melonjak semula menjelang minggu depan.
Penganalisis berkata, ini kerana umumnya faktor asas pasaran tempatan masih kukuh dan kejatuhan yang dialami ketika ini adalah sementara berikutan reaksi keterlaluan pelabur terhadap isyarat diberikan Bank Negara Malaysia mengenai kemungkinan berlakunya kenaikan kadar faedah serta masih wujudnya kebimbangan berlaku pemeluapan ekonomi China dan keputusan kerajaan Amerika Syarikat (AS) untuk mengetatkan pengambilan risiko di kalangan banknya.
Mereka berkata, apabila kebimbangan itu reda dan harga saham dilihat berada pada paras menarik, pasaran akan kembali menyaksikan pembelian secara aktif.
Penanda aras utama pasaran saham tempatan, Indeks Komposit FTSE Bursa Malaysia (FBM KLCI) merosot 17.25 mata semalam untuk ditutup pada 1,265.77 mata selepas jatuh sejumlah 25.4 mata sejak Jumaat lalu.
Sebelum itu pada Khamis indeks itu mencatatkan paras penutup tertinggi dalam tempoh kira-kira dua tahun pada 1,308.36 mata.
“Pasaran saham tempatan lemah kerana menjejaki prestasi serantau yang masih diselubungi kebimbangan kemungkinan berlakunya pemeluapan ekonomi China dan keputusan Kerajaan AS mengetatkan pengambilan risiko di kalangan banknya.
“Jika harga saham terus jatuh ke paras yang menarik, pelabur akan kembali membeli yang akan menyaksikan indeks FMB KLCI menguji semula paras rintangan psikologi 1,300 mata,” kata Penganalisis di MIDF Amanah Investment Bank Bhd, Wan Azhar Wan Mustapha.
Pengurus Besar (Operasi) ASM Investment Services Bhd, Rusli Abu Yamin turut yakin kejatuhan besar dicatatkan di Bursa Malaysia semalam sebagai sementara sebelum pelabur bertenang dengan isyarat yang diberikan Bank Negara kelmarin mengenai kemungkinan menaikkan kadar faedah berikutan pemulihan ekonomi yang semakin jelas.
Beliau menjelaskan, kenyataan Bank Negara itu diterjemahkan pelabur sebagai kemungkinan kadar faedah akan meningkat antara 0.25 dan 0.5 peratus dalam separuh pertama ini, lebih awal daripada jangkaan, iaitu dalam separuh kedua.
Rusli melihat kelemahan berlaku di pasaran saham ketika ini sebagai peluang membeli saham yang disokong faktor asas yang baik, khususnya bagi pelabur sebelum ini menjauhi pasaran atau telah menjual ketika harga kukuh iaitu pada separuh pertama bulan ini.
“ASM Investment masih kekal dengan unjuran FBM KLCI mampu meningkat hingga 1,350 mata tahun ini, malah tidak mustahil indeks utama itu mampu mencecah paras 1,400 mata dengan faktor kukuh asas ekonomi dan korporat yang dijangka menggalakkan sepanjang tahun ini,” katanya.
Pengambilan untung Bursa ditutup lemah
KUALA LUMPUR 27 Jan - Harga-harga saham di Bursa Malaysia ditutup teramat rendah hari ini berikutan kegiatan pengambilan untung dalam saham-saham berwajaran tinggi utama, terutamanya pada kaunter-kaunter perbankan, kata para peniaga.
Pada pukul 5 petang, petunjuk pasaran Indeks Komposit FTSE Bursa Malaysia (FBM KLCI) merosot 17.25 mata kepada 1,265.77 selepas dibuka 1.49 mata lebih rendah pada 1,281.53 pada sesi pagi.
Seorang penganalisis berkata walaupun Bank Negara Malaysia mengekalkan kadar dasar semalaman (OPR) pada paras rendah dua peratus, kenyataannya berhubung kemungkinan berlakunya kenaikan kadar tahun ini telah merangsangkan jualan dalam saham perbankan.
Pada penutup, Indeks Kewangan Bursa Malaysia merosot 179.16 mata kepada 11,059.85, Indeks Perindustrian susut 13.73 mata kepada 2,635.61 dan Indeks Perladangan lebih rendah 74.58 mata kepada 6,271.21.
Indeks FBM Emas turun 111.7 mata kepada 8,498.84, Indeks FBM Ace berkurangan 32.35 mata kepada 4,363.91 dan Indeks FBM70 pula 86.84 mata lebih rendah pada 8,276.56.
Saham-saham rugi mengatasi saham untung dengan 618 berbalas 168 sementara 215 kaunter tidak berubah dan 318 yang lain tidak diniagakan.Jumlah dagangan merosot kepada 1.08 bilion saham bernilai RM1.82 bilion daripada 1.25 bilion saham bernilai RM1.65 bilion semalam.
Di kalangan saham aktif, Rhythm Consolidated naik tiga sen kepada 4.5 sen, Focus Dynamics lebih rendah satu sen kepada 13.5 sen dan Talam kekal pada 12 sen.
Untuk saham berwajaran tinggi pula, Sime Darby merosot enam sen kepada RM8.73, Maybank susut tiga sen kepada RM6.82, CIMB lebih rendah 30 sen kepada RM12.76 dan Maxis kekal pada RM5.39.
Jumlah dagangan di Pasaran Utama susut kepada 917.21 juta saham bernilai RM1.795 bilion daripada 1.08 bilion saham bernilai RM1.61 bilion semalam. Jumlah dagangan di Pasaran Ace meningkat kepada 106.463 juta saham bernilai RM18.02 juta daripada 81.989 juta saham bernilai RM16.167 juta sebelumnya.
Waran pula berkurangan kepada 49.5 juta unit bernilai RM10.09 juta daripada 61.14 juta unit bernilai RM11.674 juta semalam.
Produk pengguna menguasai 41.49 juta saham yang diniagakan di Pasaran Utama, produk perusahaan 211.92 juta, pembinaan 57.55 juta, urus niaga dan perkhidmatan 322.83 juta, teknologi 40.65 juta, infrastruktur 19.87 juta, kewangan 89.91 juta, perhotelan 458,300, hartanah 98.15 juta, perladangan 31.27 juta, perlombongan 100,000, REIT 2.96 juta, dan dana tertutup 38,200.- Bernama
Pada pukul 5 petang, petunjuk pasaran Indeks Komposit FTSE Bursa Malaysia (FBM KLCI) merosot 17.25 mata kepada 1,265.77 selepas dibuka 1.49 mata lebih rendah pada 1,281.53 pada sesi pagi.
Seorang penganalisis berkata walaupun Bank Negara Malaysia mengekalkan kadar dasar semalaman (OPR) pada paras rendah dua peratus, kenyataannya berhubung kemungkinan berlakunya kenaikan kadar tahun ini telah merangsangkan jualan dalam saham perbankan.
Pada penutup, Indeks Kewangan Bursa Malaysia merosot 179.16 mata kepada 11,059.85, Indeks Perindustrian susut 13.73 mata kepada 2,635.61 dan Indeks Perladangan lebih rendah 74.58 mata kepada 6,271.21.
Indeks FBM Emas turun 111.7 mata kepada 8,498.84, Indeks FBM Ace berkurangan 32.35 mata kepada 4,363.91 dan Indeks FBM70 pula 86.84 mata lebih rendah pada 8,276.56.
Saham-saham rugi mengatasi saham untung dengan 618 berbalas 168 sementara 215 kaunter tidak berubah dan 318 yang lain tidak diniagakan.Jumlah dagangan merosot kepada 1.08 bilion saham bernilai RM1.82 bilion daripada 1.25 bilion saham bernilai RM1.65 bilion semalam.
Di kalangan saham aktif, Rhythm Consolidated naik tiga sen kepada 4.5 sen, Focus Dynamics lebih rendah satu sen kepada 13.5 sen dan Talam kekal pada 12 sen.
Untuk saham berwajaran tinggi pula, Sime Darby merosot enam sen kepada RM8.73, Maybank susut tiga sen kepada RM6.82, CIMB lebih rendah 30 sen kepada RM12.76 dan Maxis kekal pada RM5.39.
Jumlah dagangan di Pasaran Utama susut kepada 917.21 juta saham bernilai RM1.795 bilion daripada 1.08 bilion saham bernilai RM1.61 bilion semalam. Jumlah dagangan di Pasaran Ace meningkat kepada 106.463 juta saham bernilai RM18.02 juta daripada 81.989 juta saham bernilai RM16.167 juta sebelumnya.
Waran pula berkurangan kepada 49.5 juta unit bernilai RM10.09 juta daripada 61.14 juta unit bernilai RM11.674 juta semalam.
Produk pengguna menguasai 41.49 juta saham yang diniagakan di Pasaran Utama, produk perusahaan 211.92 juta, pembinaan 57.55 juta, urus niaga dan perkhidmatan 322.83 juta, teknologi 40.65 juta, infrastruktur 19.87 juta, kewangan 89.91 juta, perhotelan 458,300, hartanah 98.15 juta, perladangan 31.27 juta, perlombongan 100,000, REIT 2.96 juta, dan dana tertutup 38,200.- Bernama
FDI mungkin tiada lagi
KUALA LUMPUR 27 Jan. - Usahawan dan syarikat tempatan perlu digalakkan melabur dalam negara berbanding bergantung terhadap pelaburan langsung asing (FDI), yang mungkin tidak lagi mencukupi pada masa depan.
"Masa depan bakal menyaksikan dunia yang sangat berbeza dari segi ekonomi.
"Kita masih bercakap mengenai FDI. Pada masa depan, FDI tidak lagi akan mengalir masuk ke sini atau mana-mana negara," kata bekas Perdana Menteri Tun Dr. Mahathir Mohamad.
Beliau berkata, kadar pengangguran yang tinggi di Amerika Syarikat (AS) merupakan antara sebabnya: "Terdapat 10 peratus pengangguran di AS. Oleh itu, mereka mahu industri kekal di AS bagi menyediakan pekerjaan kepada penduduk tempatan, atau akan berlaku revolusi terhadap mereka."
"Oleh itu, perbadanan dari AS tidak akan menggunakan wang untuk datang ke sini dan mewujudkan peluang-peluang pekerjaan. Selain pekerjaan, FDI sebenarnya tidak memberi manfaat sepenuhnya kepada negara.
"Mereka datang bersama 10 peratus modal. Mereka meminjam wang di sini.
Mereka memulakan industri tanpa membayar cukai, dan mengaut semua keuntungan, namun jika syarikat Malaysia beroperasi di sini, mereka akan terus kekal di sini, mewujudkan pekerjaan dan membuat keuntungan yang lebih tinggi, yang akan memberi manfaat kepada seluruh negara," katanya semasa melawat I-City di sini hari ini.
Oleh itu, strategi baharu tidak sepatutnya bergantung semata-mata terhadap FDI, sebaliknya menggalakkan pelabur tempatan menjadi syarikat bertaraf dunia.
Dr. Mahathir juga berkata, rakyat Malaysia perlu dilatih dalam sains dan matematik bagi membolehkan mereka melangkah ke ekonomi berasaskan pengetahuan.
Beliau berkata, walaupun kerajaan memperuntukkan dana untuk penyelidikan dan pembangunan, ia tidak diagihkan, memandangkan pihak yang bertanggungjawab terhadap dana terbabit mahukan pulangan ke atas pelaburan (ROI) dan menetapkan kolateral yang tinggi.
"Namun penyelidikan tidak mempunyai pulangan ke atas pelaburan. Suatu hari anda mungkin mencipta sesuatu yang bernilai dan anda mengaut berbilion-bilion, namun sebelum itu anda juga perlu melabur berbilion-bilion.
"Ada masa penyelidik akan menemui sesuatu yang beliau tidak tahu cara untuk mengkomersialkannya, dan di sinilah usahawan perlu menyertainya.
"(Oleh itu), anda akan berhadapan dengan masalah berinteraksi dengan kerajaan, Maafkan saya," katanya semasa ditanya bagaimana sektor swasta boleh berinteraksi dengan kerajaan dalam urusan penyelidikan dan pembangunan.
Mengenai projek, Dr. Mahathir berkata, tiada yang menjadi pembaziran jika tahu cara mengurusnya.
"Kemahiran pengurusan perlu disemai. Perlu ada keupayaan untuk melaksanakan projek, bukan sekadar bercakap mengenainya atau melancarkannya," katanya. - Bernama
"Masa depan bakal menyaksikan dunia yang sangat berbeza dari segi ekonomi.
"Kita masih bercakap mengenai FDI. Pada masa depan, FDI tidak lagi akan mengalir masuk ke sini atau mana-mana negara," kata bekas Perdana Menteri Tun Dr. Mahathir Mohamad.
Beliau berkata, kadar pengangguran yang tinggi di Amerika Syarikat (AS) merupakan antara sebabnya: "Terdapat 10 peratus pengangguran di AS. Oleh itu, mereka mahu industri kekal di AS bagi menyediakan pekerjaan kepada penduduk tempatan, atau akan berlaku revolusi terhadap mereka."
"Oleh itu, perbadanan dari AS tidak akan menggunakan wang untuk datang ke sini dan mewujudkan peluang-peluang pekerjaan. Selain pekerjaan, FDI sebenarnya tidak memberi manfaat sepenuhnya kepada negara.
"Mereka datang bersama 10 peratus modal. Mereka meminjam wang di sini.
Mereka memulakan industri tanpa membayar cukai, dan mengaut semua keuntungan, namun jika syarikat Malaysia beroperasi di sini, mereka akan terus kekal di sini, mewujudkan pekerjaan dan membuat keuntungan yang lebih tinggi, yang akan memberi manfaat kepada seluruh negara," katanya semasa melawat I-City di sini hari ini.
Oleh itu, strategi baharu tidak sepatutnya bergantung semata-mata terhadap FDI, sebaliknya menggalakkan pelabur tempatan menjadi syarikat bertaraf dunia.
Dr. Mahathir juga berkata, rakyat Malaysia perlu dilatih dalam sains dan matematik bagi membolehkan mereka melangkah ke ekonomi berasaskan pengetahuan.
Beliau berkata, walaupun kerajaan memperuntukkan dana untuk penyelidikan dan pembangunan, ia tidak diagihkan, memandangkan pihak yang bertanggungjawab terhadap dana terbabit mahukan pulangan ke atas pelaburan (ROI) dan menetapkan kolateral yang tinggi.
"Namun penyelidikan tidak mempunyai pulangan ke atas pelaburan. Suatu hari anda mungkin mencipta sesuatu yang bernilai dan anda mengaut berbilion-bilion, namun sebelum itu anda juga perlu melabur berbilion-bilion.
"Ada masa penyelidik akan menemui sesuatu yang beliau tidak tahu cara untuk mengkomersialkannya, dan di sinilah usahawan perlu menyertainya.
"(Oleh itu), anda akan berhadapan dengan masalah berinteraksi dengan kerajaan, Maafkan saya," katanya semasa ditanya bagaimana sektor swasta boleh berinteraksi dengan kerajaan dalam urusan penyelidikan dan pembangunan.
Mengenai projek, Dr. Mahathir berkata, tiada yang menjadi pembaziran jika tahu cara mengurusnya.
"Kemahiran pengurusan perlu disemai. Perlu ada keupayaan untuk melaksanakan projek, bukan sekadar bercakap mengenainya atau melancarkannya," katanya. - Bernama
Impak kewangan ke atas Sime Darby tidak ketara
KUALA LUMPUR 27 Jan. - Impak kewangan ke atas usaha sama Sime Darby dengan Sunrise Group amat sedikit, kata ECMLibra Investment Research.
ECMLibra Investment juga menyatakan yang usaha sama itu sudah pastinya seiring dengan aspirasi segmen Sime Property, kata syarikat itu dalam kenyataannya hari ini.
Sime Darby Property Bhd. dan Sunrise Bhd. semalam mengumumkan yang kedua-dua telah memeterai usaha sama untuk memajukan tiga lot tanah komersial pegangan kekal kepada Perbandaran Baru Bukit Jelutong.
Projek itu mempunyai anggaran nilai pembangunan kasar berjumlah RM1.0 bilion. Kedua-dua syarikat juga telah membentuk syarikat usaha sama 50:50 untuk memajukannya.
"Kami percaya langkah itu terangkum di dalam pelan induk Kumpulan untuk Sime Darby Vision Valley (SDVV), di mana mereka dijangka mengumumkan lebih banyak butiran mengenainya tidak lama lagi," katanya.
ECMLibra Investment Bukit Jelutong merupakan sebahagian daripada SDVV dikenali sebagai Bandar Wawasan Selangor yang terdiri daripada Bukit Jelutong (90 peratus siap), Denai Alam (30 peratus siap) dan Elmina dan Pusat Logistik Lagong. - Bernama
ECMLibra Investment juga menyatakan yang usaha sama itu sudah pastinya seiring dengan aspirasi segmen Sime Property, kata syarikat itu dalam kenyataannya hari ini.
Sime Darby Property Bhd. dan Sunrise Bhd. semalam mengumumkan yang kedua-dua telah memeterai usaha sama untuk memajukan tiga lot tanah komersial pegangan kekal kepada Perbandaran Baru Bukit Jelutong.
Projek itu mempunyai anggaran nilai pembangunan kasar berjumlah RM1.0 bilion. Kedua-dua syarikat juga telah membentuk syarikat usaha sama 50:50 untuk memajukannya.
"Kami percaya langkah itu terangkum di dalam pelan induk Kumpulan untuk Sime Darby Vision Valley (SDVV), di mana mereka dijangka mengumumkan lebih banyak butiran mengenainya tidak lama lagi," katanya.
ECMLibra Investment Bukit Jelutong merupakan sebahagian daripada SDVV dikenali sebagai Bandar Wawasan Selangor yang terdiri daripada Bukit Jelutong (90 peratus siap), Denai Alam (30 peratus siap) dan Elmina dan Pusat Logistik Lagong. - Bernama
Tenaga appoints new director
KUALA LUMPUR: TENAGA NASIONAL BHD [] has appointed Perak Public Services Commission member Abdul Manaf Hashim as an independent and non-executive director.
According to its filing with Bursa Malaysia Securities today, Abdul Manaf, 54, is now the chairman of a few private limited companies involved in CONSTRUCTION [], telecommunications and solar hybrid.
According to its filing with Bursa Malaysia Securities today, Abdul Manaf, 54, is now the chairman of a few private limited companies involved in CONSTRUCTION [], telecommunications and solar hybrid.
January 27, 2010
BNM: OPR dikekal 2 peratus
KUALA LUMPUR 26 Jan. - Bank Negara Malaysia (BNM) hari ini memutuskan untuk mengekalkan Kadar Dasar Semalaman (OPR) kepada dua peratus.
Keputusan itu dibuat selepas Jawatankuasa Dasar Monetari (MPC) mengadakan mesyuaratnya yang pertama bagi tahun ini.
BNM berkata, meskipun momentum pertumbuhan ekonomi serantau dijangka terus kukuh pada 2010, masih wujud ketidakpastian mengenai prospek pertumbuhan ekonomi negara-negara maju.
Ini kerana pertumbuhan terus bergantung pada langkah-langkah rangsangan dasar dan permintaan sektor swasta yang mapan ketika langkah pemulihan dan reformasi sistem kewangan sedang dilaksanakan.
Menurut BNM, dasar monetari akan kekal menyokong pertumbuhan bagi memastikan pemulihan ekonomi betul-betul kukuh.
Pada masa yang sama, MPC juga menyedari akan keperluan untuk memastikan pendirian dasar monetari adalah wajar bagi mengelak ketidakseimbangan kewangan yang mungkin berlaku disebabkan oleh kadar faedah yang terlalu rendah untuk satu tempoh masa yang lama.
Bagi ekonomi dalam negeri, petunjuk terkini menunjukkan bahawa prestasi adalah menggalakkan pada suku keempat 2009.
Perkembangan positif dalam pengeluaran perkilangan, aktiviti pembiayaan, perdagangan luar dan keadaan pasaran pekerja mengesahkan penilaian bahawa pemulihan ekonomi kini semakin nyata.
Melangkah ke hadapan, ekonomi negara dijangka terus berkembang pada tahun ini dengan pertumbuhan disokong oleh permintaan dalam negeri yang lebih kukuh, terutamanya penggunaan swasta, dan juga permintaan luar yang bertambah baik.
Inflasi turut positif pada bulan Disember.
Perubahan itu sebahagian besarnya mencerminkan luputnya kesan daripada pelarasan harga runcit bahan api pada tahun 2008.
Kadar kenaikan harga pada tahun 2010 dijangka beransur-ansur, mencerminkan keadaan ekonomi semasa dan mengambil kira beberapa pelarasan dalam harga ditadbir.
Sekiranya tidak ada semakan seterusnya terhadap harga dan tiada kesan pengaruh luar, inflasi dijangka positif, walaupun sederhana pada tahun 2010, kata BNM.
Keputusan itu dibuat selepas Jawatankuasa Dasar Monetari (MPC) mengadakan mesyuaratnya yang pertama bagi tahun ini.
BNM berkata, meskipun momentum pertumbuhan ekonomi serantau dijangka terus kukuh pada 2010, masih wujud ketidakpastian mengenai prospek pertumbuhan ekonomi negara-negara maju.
Ini kerana pertumbuhan terus bergantung pada langkah-langkah rangsangan dasar dan permintaan sektor swasta yang mapan ketika langkah pemulihan dan reformasi sistem kewangan sedang dilaksanakan.
Menurut BNM, dasar monetari akan kekal menyokong pertumbuhan bagi memastikan pemulihan ekonomi betul-betul kukuh.
Pada masa yang sama, MPC juga menyedari akan keperluan untuk memastikan pendirian dasar monetari adalah wajar bagi mengelak ketidakseimbangan kewangan yang mungkin berlaku disebabkan oleh kadar faedah yang terlalu rendah untuk satu tempoh masa yang lama.
Bagi ekonomi dalam negeri, petunjuk terkini menunjukkan bahawa prestasi adalah menggalakkan pada suku keempat 2009.
Perkembangan positif dalam pengeluaran perkilangan, aktiviti pembiayaan, perdagangan luar dan keadaan pasaran pekerja mengesahkan penilaian bahawa pemulihan ekonomi kini semakin nyata.
Melangkah ke hadapan, ekonomi negara dijangka terus berkembang pada tahun ini dengan pertumbuhan disokong oleh permintaan dalam negeri yang lebih kukuh, terutamanya penggunaan swasta, dan juga permintaan luar yang bertambah baik.
Inflasi turut positif pada bulan Disember.
Perubahan itu sebahagian besarnya mencerminkan luputnya kesan daripada pelarasan harga runcit bahan api pada tahun 2008.
Kadar kenaikan harga pada tahun 2010 dijangka beransur-ansur, mencerminkan keadaan ekonomi semasa dan mengambil kira beberapa pelarasan dalam harga ditadbir.
Sekiranya tidak ada semakan seterusnya terhadap harga dan tiada kesan pengaruh luar, inflasi dijangka positif, walaupun sederhana pada tahun 2010, kata BNM.
Aktiviti jualan serantau Bursa ditutup lemah
KUALA LUMPUR 26 Jan - Harga saham di Bursa Malaysia terus mengalami kerugian hari ini sejajar dengan aktiviti jualan di rantau ini, kata para peniaga.
Mereka berkata trend menurun itu adalah berikutan arahan China kepada bank untuk melaksanakan keperluan menaikkan rezab, dengan para pelabur melahirkan kebimbangan dengan langkah mengetatkan dasar monateri negara itu.
Cadangan kerajaan AS untuk menghadkan pengambilan risiko di Amerika Syarikat turut memberi kesan kepada pasaran serantau, kata para peniaga itu.
Pada jam 5 petang, Indeks Komposit Kuala Lumpur FTSE Bursa Malaysia (FBM KLCI) turun 13.66 mata kepada 1,283.02 selepas dibuka meningkat 0.02 mata kepada 1,296.81.
Semasa ditutup, Indeks Kewangan Bursa Malaysia rugi 134.15 mata kepada 11,239.01, Indeks Perusahaan turun 37.95 mata kepada 2,649.34 dan Indeks Perladangan turun 77.83 mata kepada 6,345.79.Indeks FBM Emas turun 117.5 mata kepada 8,610.54, Indeks FBM Ace rugi 93.21 mata kepada 4,396.26 dan Indeks FBM70 turun 164.86 mata kepada 8,363.4.
Kaunter rugi mengatasi kaunter untung sebanyak 707 kepada 152 manakala 184 kaunter kekal tidak berubah dan 277 yang lain tidak diniagakan.
Jumlah dagangan meningkat kepada 1.25 bilion saham bernilai RM1.65 bilion daripada 996.194 juta saham bernilai RM1.131 bilion yang dicatat semalam.
Antara saham aktif, Talam turun 1.0 sen kepada 12 sen, IRCB turun 13 sen kepada RM1.38 dan KNM rugi 3.0 sen kepada 73.5 sen.
Bagi saham berwajaran tinggi, Sime Darby turun 6.0 sen kepada RM8.79, Maybank merosot 5.0 sen kepada RM6.85, CIMB turun 22 sen kepada RM13.06 dan Maxis tidak berubah pada harga RM5.39.
Perolehan di Pasaran Utama meningkat kepada 1.08 bilion saham bernilai RM1.61 bilion daripada 836.239 juta saham bernilai RM1.097 bilion semalam.
Jumlah dagangan di Pasaran Ace turun kepada 81.989 juta saham bernilai RM16.167 juta daripada 120.4 juta saham bernilai RM22.35 juta.
Waran meningkat kepada 61.14 juta unit bernilai RM11.674 juta daripada 25.47 juta unit bernilai RM5.57 juta.
Produk pengguna mencatatkan 68.98 juta saham diniagakan di Papan Utama, produk perusahaan 294.6 juta, pembinaan 54.83 juta, dagang dan perkhidmatan 304.9 juta, teknologi 50.49 juta, prasaran 13.69 juta, kewangan 82.2 juta, hotel 2.78 juta, hartanah 186.72 juta, perladangan 17.89 juta, perlombongan 26,000, REIT 3.49 juta dan dana tertutup 67,900.
Mereka berkata trend menurun itu adalah berikutan arahan China kepada bank untuk melaksanakan keperluan menaikkan rezab, dengan para pelabur melahirkan kebimbangan dengan langkah mengetatkan dasar monateri negara itu.
Cadangan kerajaan AS untuk menghadkan pengambilan risiko di Amerika Syarikat turut memberi kesan kepada pasaran serantau, kata para peniaga itu.
Pada jam 5 petang, Indeks Komposit Kuala Lumpur FTSE Bursa Malaysia (FBM KLCI) turun 13.66 mata kepada 1,283.02 selepas dibuka meningkat 0.02 mata kepada 1,296.81.
Semasa ditutup, Indeks Kewangan Bursa Malaysia rugi 134.15 mata kepada 11,239.01, Indeks Perusahaan turun 37.95 mata kepada 2,649.34 dan Indeks Perladangan turun 77.83 mata kepada 6,345.79.Indeks FBM Emas turun 117.5 mata kepada 8,610.54, Indeks FBM Ace rugi 93.21 mata kepada 4,396.26 dan Indeks FBM70 turun 164.86 mata kepada 8,363.4.
Kaunter rugi mengatasi kaunter untung sebanyak 707 kepada 152 manakala 184 kaunter kekal tidak berubah dan 277 yang lain tidak diniagakan.
Jumlah dagangan meningkat kepada 1.25 bilion saham bernilai RM1.65 bilion daripada 996.194 juta saham bernilai RM1.131 bilion yang dicatat semalam.
Antara saham aktif, Talam turun 1.0 sen kepada 12 sen, IRCB turun 13 sen kepada RM1.38 dan KNM rugi 3.0 sen kepada 73.5 sen.
Bagi saham berwajaran tinggi, Sime Darby turun 6.0 sen kepada RM8.79, Maybank merosot 5.0 sen kepada RM6.85, CIMB turun 22 sen kepada RM13.06 dan Maxis tidak berubah pada harga RM5.39.
Perolehan di Pasaran Utama meningkat kepada 1.08 bilion saham bernilai RM1.61 bilion daripada 836.239 juta saham bernilai RM1.097 bilion semalam.
Jumlah dagangan di Pasaran Ace turun kepada 81.989 juta saham bernilai RM16.167 juta daripada 120.4 juta saham bernilai RM22.35 juta.
Waran meningkat kepada 61.14 juta unit bernilai RM11.674 juta daripada 25.47 juta unit bernilai RM5.57 juta.
Produk pengguna mencatatkan 68.98 juta saham diniagakan di Papan Utama, produk perusahaan 294.6 juta, pembinaan 54.83 juta, dagang dan perkhidmatan 304.9 juta, teknologi 50.49 juta, prasaran 13.69 juta, kewangan 82.2 juta, hotel 2.78 juta, hartanah 186.72 juta, perladangan 17.89 juta, perlombongan 26,000, REIT 3.49 juta dan dana tertutup 67,900.
Ringgit terus rendah
KUALA LUMPUR 26 Jan - Ringgit ditutup lebih rendah berbanding dolar AS hari ini dengan kebimbangan tentang kesan langkah China mengekang pinjaman dalam persekitaran pemulihan ekonomi global, kata para peniaga.
Pada pukul 5 petang, ringgit susut kepada 3.4200/4230 berbanding dolar AS daripada semasa ditutup semalam pada 3.3970/4020.
Berita mengenai China mengurangkan pinjaman bank akan memberi kesan dalam pertumbuhan Asia dan pelabur pasaran membeli kembali dolar AS. Ini melemahkan permintaan terhadap ringgit.Katanya lagi ringgit akan terus mengalami tekanan minggu ini berikutan berita berkenaan, dan menambah yang mata wang tempatan juga berkemungkinan berlegar sekitar 3.44 berbanding dolar.
Semasa ditutup, ringgit didagangkan lebih rendah berbanding mata wang utama lain, turun berbanding dolar Singapura kepada 2.4321/4365 daripada semalam pada 2.4237/4286 dan juga berbanding yen Jepun kepada 3.7979/8029 daripada 3.7661/7720 sebelumnya.
Berbanding dengan euro, ringgit lemah kepada 4.8201/8251 daripada 4.8074/8152 semalam, begitu juga dengan pound British kepada 5.5524/5590 daripada 5.4902/5000.
Pada pukul 5 petang, ringgit susut kepada 3.4200/4230 berbanding dolar AS daripada semasa ditutup semalam pada 3.3970/4020.
Berita mengenai China mengurangkan pinjaman bank akan memberi kesan dalam pertumbuhan Asia dan pelabur pasaran membeli kembali dolar AS. Ini melemahkan permintaan terhadap ringgit.Katanya lagi ringgit akan terus mengalami tekanan minggu ini berikutan berita berkenaan, dan menambah yang mata wang tempatan juga berkemungkinan berlegar sekitar 3.44 berbanding dolar.
Semasa ditutup, ringgit didagangkan lebih rendah berbanding mata wang utama lain, turun berbanding dolar Singapura kepada 2.4321/4365 daripada semalam pada 2.4237/4286 dan juga berbanding yen Jepun kepada 3.7979/8029 daripada 3.7661/7720 sebelumnya.
Berbanding dengan euro, ringgit lemah kepada 4.8201/8251 daripada 4.8074/8152 semalam, begitu juga dengan pound British kepada 5.5524/5590 daripada 5.4902/5000.
Projek usahasama RM1 bilion
SHAH ALAM 26 Jan. - Dua syarikat hartanah terkemuka Sime Darby Property Bhd. dan Sunrise Bhd., hari ini memeterai perjanjian kerjasama untuk melaksanakan projek pembangunan bersepadu di Bukit Jelutong, di sini bernilai RM1 bilion.
Syarikat kerjasama yang dikenali Sime Darby Sunrise Development Sdn. Bhd., akan membangunkan tiga lot tanah komersial pegangan bebas seluas 8.38 hektar dalam lima fasa mulai 2012.
Pengarah Urusan Sime Darby Property, Datuk Tunku Putra Badlishah berkata, kerjasama dengan Sunrise ini merupakan perkongsian pertama membabitkan pihaknya dengan syarikat luar kerana sebelum ini kesemua projek pembangunan dilakukan sendiri oleh Sime Darby.
"Perkongsian itu membolehkan kedua-dua syarikat berkongsi pengalaman dan kepakaran di dalam memajukan hartanah komersial serta kediaman sekali gus memberi faedah kepada para pembeli nanti," katanya.
Beliau berkata demikian selepas majlis menandatangani perjanjian kerjasama dan jual beli tanah di sini hari ini. Turut hadir ialah Pengerusi Eksekutif Sunrise, Datuk Tong Kooi Ong.
Selain daripada kerjasama itu, syarikat usaha sama itu juga akan membeli tanah dari anak syarikat Sime Darby Property bernilai RM114.08 juta atau RM125 sekaki persegi bagi membangunkan projek berkenaan yang dijangka siap keseluruhannya dalam tempoh tujuh tahun dari pelancaran fasa pertama.
Menurut Tunku Putra Badlishah, bagi mewujudkan syarikat usaha sama itu sebanyak RM25 juta disediakan sebagai modal berbayar.
Bagaimanapun, tambah beliau, sebarang keputusan berkaitan kewangan akan diumumkan kelak kerana masih terlalu awal bagi kedua-dua pihak mengumumkannya memandangkan ia masih di peringkat permulaan.
Ujarnya, pembangunan di atas tanah itu melibatkan kewujudan pusat komersial, peruncitan, pejabat dan pusat gaya hidup serta hiburan, akan memberi kemudahan kepada penduduk setempat dan kawasan sekitarnya.
Sementara itu, Tunku Putra Badlishah memberitahu pihaknya ketika ini memiliki simpanan tanah kira-kira 14,800 hektar yang boleh dimajukan bila-bila masa kebanyakannya berada di kawasan Lembah Klang.
"Tanah simpanan yang banyak ini berikutan tanah perladangan milik Sime Darby telah ditukar kepada status kediaman dan ini membolehkan kami memajukan lagi hartanah-hartanah yang mampu milik serta kediaman yang sesuai dengan persekitaran," katanya.
Beliau bagaimanapun enggan mengulas nilai tanah simpanan yang dimilikinya berikutan nilai sesuatu tanah itu bergantung kepada nilai setempat serta keadaan persekitaran sekeliling.
Syarikat kerjasama yang dikenali Sime Darby Sunrise Development Sdn. Bhd., akan membangunkan tiga lot tanah komersial pegangan bebas seluas 8.38 hektar dalam lima fasa mulai 2012.
Pengarah Urusan Sime Darby Property, Datuk Tunku Putra Badlishah berkata, kerjasama dengan Sunrise ini merupakan perkongsian pertama membabitkan pihaknya dengan syarikat luar kerana sebelum ini kesemua projek pembangunan dilakukan sendiri oleh Sime Darby.
"Perkongsian itu membolehkan kedua-dua syarikat berkongsi pengalaman dan kepakaran di dalam memajukan hartanah komersial serta kediaman sekali gus memberi faedah kepada para pembeli nanti," katanya.
Beliau berkata demikian selepas majlis menandatangani perjanjian kerjasama dan jual beli tanah di sini hari ini. Turut hadir ialah Pengerusi Eksekutif Sunrise, Datuk Tong Kooi Ong.
Selain daripada kerjasama itu, syarikat usaha sama itu juga akan membeli tanah dari anak syarikat Sime Darby Property bernilai RM114.08 juta atau RM125 sekaki persegi bagi membangunkan projek berkenaan yang dijangka siap keseluruhannya dalam tempoh tujuh tahun dari pelancaran fasa pertama.
Menurut Tunku Putra Badlishah, bagi mewujudkan syarikat usaha sama itu sebanyak RM25 juta disediakan sebagai modal berbayar.
Bagaimanapun, tambah beliau, sebarang keputusan berkaitan kewangan akan diumumkan kelak kerana masih terlalu awal bagi kedua-dua pihak mengumumkannya memandangkan ia masih di peringkat permulaan.
Ujarnya, pembangunan di atas tanah itu melibatkan kewujudan pusat komersial, peruncitan, pejabat dan pusat gaya hidup serta hiburan, akan memberi kemudahan kepada penduduk setempat dan kawasan sekitarnya.
Sementara itu, Tunku Putra Badlishah memberitahu pihaknya ketika ini memiliki simpanan tanah kira-kira 14,800 hektar yang boleh dimajukan bila-bila masa kebanyakannya berada di kawasan Lembah Klang.
"Tanah simpanan yang banyak ini berikutan tanah perladangan milik Sime Darby telah ditukar kepada status kediaman dan ini membolehkan kami memajukan lagi hartanah-hartanah yang mampu milik serta kediaman yang sesuai dengan persekitaran," katanya.
Beliau bagaimanapun enggan mengulas nilai tanah simpanan yang dimilikinya berikutan nilai sesuatu tanah itu bergantung kepada nilai setempat serta keadaan persekitaran sekeliling.
Mier kekalkan unjuran pertumbuhan ekonomi
INSTITUT Penyelidikan Ekonomi Malaysia (Mier) mengekalkan unjuran pertumbuhan ekonomi negara pada kadar 3.7 peratus tahun ini di sebalik kewujudan beberapa faktor negatif global dan tempatan yang boleh menjejaskan pemulihan.
Badan pemikir hal ehwal ekonomi berpengaruh itu turut menjangkakan pertumbuhan Keluaran Dalam Negara Kasar (KDNK) Malaysia sebanyak lima peratus tahun depan.
Pengarah Eksekutif Mier, Dr Zakariah Abdul Rashid, berkata pemulihan dalam petunjuk ekonomi makro, sentimen pengguna dan perniagaan yang semakin pulih serta prestasi indeks dan ekonomi yang lebih baik menjadi pertimbangan utama institut itu dalam membuat unjuran itu.
“Risiko penurunan masih ada di sana-sini, tetapi ada beberapa pengaruh positif yang lebih kuat yang membawa kepada unjuran Mier itu,” katanya ketika membentangkan laporan tinjauan ekonomi Malaysia bagi suku keempat 2009 di Kuala Lumpur, semalam.
Zakariah menjelaskan, antara faktor negatif yang mungkin boleh mengganggu proses pemulihan ekonomi Malaysia termasuk ketidakseimbangan global yang semakin melebar, kejatuhan berganda ekonomi Amerika Syarikat (AS), kelemahan ekonomi Jepun dan Eropah serta ancaman wabak H1N1.
“Pada peringkat tempatan pula, risiko penurunan ekonomi termasuk defisit fiskal yang semakin besar, kadar tukaran asing yang turun-naik dan tekanan inflasi,” katanya.
Beliau berkata, semua sektor ekonomi akan menunjukkan pertumbuhan positif tahun ini dan tahun depan dengan bidang perkhidmatan akan menjadi pemacu utama pertumbuhan.
Zakariah menambah, sektor pembinaan pula dijangka terus mencatatkan pertumbuhan positif, tetapi pada kadar sederhana sekurang-kurangnya untuk tempoh sehingga beberapa tahun akan datang.
“Sektor ini akan mendapat manfaat daripada pelaksanaan projek di bawah Rancangan Malaysia Kesembilan (RMK-9), pakej rangsangan ekonomi dan pembangunan koridor ekonomi,” katanya.
Mengulas mengenai prestasi pelbagai sektor ekonomi bagi 2009 pula, beliau berkata, berikutan krisis ekonomi global, semua sektor akan mengalami penurunan, kecuali pembinaan dan perkhidmatan yang diunjurkan berkembang masing-masing 1.9 peratus dan 2.0 peratus.
“Pertumbuhan dalam sektor perkhidmatan itu disumbangkan daripada kemunculan sektor perkhidmatan yang baru seperti ICT serta perbankan Islam,” katanya.
Zakariah berkata, Mier menjangkakan KDNK mengalami penguncupan 3.3 peratus bagi 2009, sama seperti unjuran institut itu sebelum ini.
“Mier menjangkakan ekonomi Malaysia yang menguncup pada tiga suku tahunan berturut-turut, akan keluar daripada kemelesetan pada suku keempat 2009. Ia disokong oleh perbelanjaan kerajaan ke atas projek prasarana, pemulihan sektor pembuatan, peningkatan perkhidmatan perdagangan dan perbelanjaan domestik yang lebih tinggi,” katanya.
Badan pemikir hal ehwal ekonomi berpengaruh itu turut menjangkakan pertumbuhan Keluaran Dalam Negara Kasar (KDNK) Malaysia sebanyak lima peratus tahun depan.
Pengarah Eksekutif Mier, Dr Zakariah Abdul Rashid, berkata pemulihan dalam petunjuk ekonomi makro, sentimen pengguna dan perniagaan yang semakin pulih serta prestasi indeks dan ekonomi yang lebih baik menjadi pertimbangan utama institut itu dalam membuat unjuran itu.
“Risiko penurunan masih ada di sana-sini, tetapi ada beberapa pengaruh positif yang lebih kuat yang membawa kepada unjuran Mier itu,” katanya ketika membentangkan laporan tinjauan ekonomi Malaysia bagi suku keempat 2009 di Kuala Lumpur, semalam.
Zakariah menjelaskan, antara faktor negatif yang mungkin boleh mengganggu proses pemulihan ekonomi Malaysia termasuk ketidakseimbangan global yang semakin melebar, kejatuhan berganda ekonomi Amerika Syarikat (AS), kelemahan ekonomi Jepun dan Eropah serta ancaman wabak H1N1.
“Pada peringkat tempatan pula, risiko penurunan ekonomi termasuk defisit fiskal yang semakin besar, kadar tukaran asing yang turun-naik dan tekanan inflasi,” katanya.
Beliau berkata, semua sektor ekonomi akan menunjukkan pertumbuhan positif tahun ini dan tahun depan dengan bidang perkhidmatan akan menjadi pemacu utama pertumbuhan.
Zakariah menambah, sektor pembinaan pula dijangka terus mencatatkan pertumbuhan positif, tetapi pada kadar sederhana sekurang-kurangnya untuk tempoh sehingga beberapa tahun akan datang.
“Sektor ini akan mendapat manfaat daripada pelaksanaan projek di bawah Rancangan Malaysia Kesembilan (RMK-9), pakej rangsangan ekonomi dan pembangunan koridor ekonomi,” katanya.
Mengulas mengenai prestasi pelbagai sektor ekonomi bagi 2009 pula, beliau berkata, berikutan krisis ekonomi global, semua sektor akan mengalami penurunan, kecuali pembinaan dan perkhidmatan yang diunjurkan berkembang masing-masing 1.9 peratus dan 2.0 peratus.
“Pertumbuhan dalam sektor perkhidmatan itu disumbangkan daripada kemunculan sektor perkhidmatan yang baru seperti ICT serta perbankan Islam,” katanya.
Zakariah berkata, Mier menjangkakan KDNK mengalami penguncupan 3.3 peratus bagi 2009, sama seperti unjuran institut itu sebelum ini.
“Mier menjangkakan ekonomi Malaysia yang menguncup pada tiga suku tahunan berturut-turut, akan keluar daripada kemelesetan pada suku keempat 2009. Ia disokong oleh perbelanjaan kerajaan ke atas projek prasarana, pemulihan sektor pembuatan, peningkatan perkhidmatan perdagangan dan perbelanjaan domestik yang lebih tinggi,” katanya.
Ulasan Pasaran: FBM KLCI turun 13.66 mata
HARGA saham di Bursa Malaysia terus mengalami kerugian semalam sejajar aktiviti jualan serantau, kata peniaga.
Aliran menurun itu, katanya, berikutan arahan China kepada bank untuk melaksanakan keperluan menaikkan rizab, yang mana pelabur melahirkan kebimbangan dengan langkah mengetatkan dasar monetari negara itu.
Cadangan kerajaan Amerika Syarikat (AS) untuk mengehadkan pengambilan risiko di negara itu turut memberi kesan kepada pasaran serantau, katanya.
Pada jam 5 petang, Indeks Komposit Kuala Lumpur FTSE Bursa Malaysia (FBM KLCI) turun 13.66 mata kepada 1,283.02 selepas dibuka meningkat 0.02 mata kepada 1,296.81.
Pasaran masih mempunyai ruang untuk turun ke paras sokongan 1,270.
“Saya tidak merasakan pasaran akan mengalami keruntuhan. Aktiviti jualan serantau hari ini adalah berikutan reaksi emosi,” katanya.
Beliau menjangka halangan bagi pasaran tempatan diperoleh pada paras 1,290 mata.
Indeks Kewangan Bursa Malaysia rugi 134.15 mata kepada 11,239.01, Indeks Perusahaan turun 37.95 mata kepada 2,649.34 dan Indeks Perladangan turun 77.83 mata kepada 6,345.79.
Indeks FBM Emas turun 117.5 mata kepada 8,610.54, Indeks FBM Ace rugi 93.21 mata kepada 4,396.26 dan Indeks FBM70 turun 164.86 mata kepada 8,363.4.
Kaunter rugi mengatasi untung sebanyak 707 kepada 152 manakala 184 kaunter kekal tidak berubah dan 277 yang lain tidak diniagakan.
Jumlah dagangan meningkat kepada 1.25 bilion saham bernilai RM1.65 bilion daripada 996.194 juta saham bernilai RM1.131 bilion yang dicatat kelmarin.
Penganalisis itu juga berkata kerugian semalam adalah berikutan aktiviti pengambilan untung berlebihan dalam kaunter berwajaran tinggi, terutama saham berwajaran tinggi utama.
Antara saham aktif, Talam turun 1.0 sen kepada 12 sen, IRCB turun 13 sen kepada RM1.38 dan KNM rugi 3.0 sen kepada 73.5 sen.
Kaunter melawan arus aliran itu termasuk Tomypak yang menokok 35 sen kepada RM2.63, AEON meningkat 30 sen kepada RM5.50 dan Perduren yang meningkat 28 sen kepada RM1.82.
Bagi saham berwajaran tinggi, Sime Darby turun 6.0 sen kepada RM8.79, Maybank merosot 5.0 sen kepada RM6.85, CIMB turun 22 sen kepada RM13.06 dan Maxis tidak berubah pada harga RM5.39.
IOI Corp turun 9.0 sen kepada RM5.41, Tenaga Nasional turun 5.0 sen kepada RM8.13, Genting merosot 8.0 sen kepada RM7.12 dan MISC turun 25 sen kepada RM8.15. Perolehan di Pasaran Utama meningkat kepada 1.08 bilion saham bernilai RM1.61 bilion daripada 836.239 juta saham bernilai RM1.097 bilion.
Jumlah dagangan di Pasaran Ace turun kepada 81.989 juta saham bernilai RM16.167 juta daripada 120.4 juta saham bernilai RM22.35 juta. Waran meningkat kepada 61.14 juta unit bernilai RM11.674 juta daripada 25.47 juta unit bernilai RM5.57 juta.
Produk pengguna mencatatkan 68.98 juta saham diniagakan di Papan Utama, produk perusahaan 294.6 juta, pembinaan 54.83 juta, dagang dan perkhidmatan 304.9 juta, teknologi 50.49 juta, prasarana 13.69 juta, kewangan 82.2 juta, hotel 2.78 juta, hartanah 186.72 juta, perladangan 17.89 juta, perlombongan 26,000, REIT 3.49 juta dan tertutup/dana 67,900
Aliran menurun itu, katanya, berikutan arahan China kepada bank untuk melaksanakan keperluan menaikkan rizab, yang mana pelabur melahirkan kebimbangan dengan langkah mengetatkan dasar monetari negara itu.
Cadangan kerajaan Amerika Syarikat (AS) untuk mengehadkan pengambilan risiko di negara itu turut memberi kesan kepada pasaran serantau, katanya.
Pada jam 5 petang, Indeks Komposit Kuala Lumpur FTSE Bursa Malaysia (FBM KLCI) turun 13.66 mata kepada 1,283.02 selepas dibuka meningkat 0.02 mata kepada 1,296.81.
Pasaran masih mempunyai ruang untuk turun ke paras sokongan 1,270.
“Saya tidak merasakan pasaran akan mengalami keruntuhan. Aktiviti jualan serantau hari ini adalah berikutan reaksi emosi,” katanya.
Beliau menjangka halangan bagi pasaran tempatan diperoleh pada paras 1,290 mata.
Indeks Kewangan Bursa Malaysia rugi 134.15 mata kepada 11,239.01, Indeks Perusahaan turun 37.95 mata kepada 2,649.34 dan Indeks Perladangan turun 77.83 mata kepada 6,345.79.
Indeks FBM Emas turun 117.5 mata kepada 8,610.54, Indeks FBM Ace rugi 93.21 mata kepada 4,396.26 dan Indeks FBM70 turun 164.86 mata kepada 8,363.4.
Kaunter rugi mengatasi untung sebanyak 707 kepada 152 manakala 184 kaunter kekal tidak berubah dan 277 yang lain tidak diniagakan.
Jumlah dagangan meningkat kepada 1.25 bilion saham bernilai RM1.65 bilion daripada 996.194 juta saham bernilai RM1.131 bilion yang dicatat kelmarin.
Penganalisis itu juga berkata kerugian semalam adalah berikutan aktiviti pengambilan untung berlebihan dalam kaunter berwajaran tinggi, terutama saham berwajaran tinggi utama.
Antara saham aktif, Talam turun 1.0 sen kepada 12 sen, IRCB turun 13 sen kepada RM1.38 dan KNM rugi 3.0 sen kepada 73.5 sen.
Kaunter melawan arus aliran itu termasuk Tomypak yang menokok 35 sen kepada RM2.63, AEON meningkat 30 sen kepada RM5.50 dan Perduren yang meningkat 28 sen kepada RM1.82.
Bagi saham berwajaran tinggi, Sime Darby turun 6.0 sen kepada RM8.79, Maybank merosot 5.0 sen kepada RM6.85, CIMB turun 22 sen kepada RM13.06 dan Maxis tidak berubah pada harga RM5.39.
IOI Corp turun 9.0 sen kepada RM5.41, Tenaga Nasional turun 5.0 sen kepada RM8.13, Genting merosot 8.0 sen kepada RM7.12 dan MISC turun 25 sen kepada RM8.15. Perolehan di Pasaran Utama meningkat kepada 1.08 bilion saham bernilai RM1.61 bilion daripada 836.239 juta saham bernilai RM1.097 bilion.
Jumlah dagangan di Pasaran Ace turun kepada 81.989 juta saham bernilai RM16.167 juta daripada 120.4 juta saham bernilai RM22.35 juta. Waran meningkat kepada 61.14 juta unit bernilai RM11.674 juta daripada 25.47 juta unit bernilai RM5.57 juta.
Produk pengguna mencatatkan 68.98 juta saham diniagakan di Papan Utama, produk perusahaan 294.6 juta, pembinaan 54.83 juta, dagang dan perkhidmatan 304.9 juta, teknologi 50.49 juta, prasarana 13.69 juta, kewangan 82.2 juta, hotel 2.78 juta, hartanah 186.72 juta, perladangan 17.89 juta, perlombongan 26,000, REIT 3.49 juta dan tertutup/dana 67,900
CIMB-Principal bets on China, India and Indonesia
KUALA LUMPUR: CIMB-Principal Asset Management Bhd has launched a RM150 million open-ended equity fund that capitalises on undervalued listed companies in the emerging markets of China, India and Indonesia.
At an initial offer price of 25 sen per unit, the 600 million unit fund is expected to generate 10%-15% per annum income distribution over a three- to five-year timeframe, said its chief investment officer Raymond Tang.
He expected all the units of the fund to be taken up within three to six months. The fund was opened for public subscription on Jan 21 with a minimum investment of RM1,000.
CIMB-Principal Asset Management chief executive Campbell Tupling said the fund was timely as the global economic recovery would be led by Asia and driven by these three economies.
"These countries are already generating economic activity equal to 44% of the US economy and by 2015, their gross domestic product (GDP) are expected to surpass US$10 trillion (RM34.3 trillion), even with modest growth rates," he said.
"(They) are also close to home, we hear and read about them every day, they have proven track records of growing GDP, strengthening stock markets and corporate earnings," said Tupling.
"Retail investors can invest in equities and equity-related securities of undervalued listed companies which are domiciled or have significant operations in the China, India and Indonesia markets that offer attractive valuations and medium- to long-term growth potentials."
Tupling said the fund would be managed from CIMB-Principal's offices in Kuala Lumpur, Singapore and Indonesia, while it would leverage on Principal PNB Asset Management Company Pvt Ltd's knowledge of the Indian market to make headways there.
Tang said with a combined population of three billion people, along with a rising middle-class population, these markets were poised for growth into the next decade.
"Our investment outlook for the coming three to five years is good as the economy recovers," he said. "We believe the equity markets in this region will be a good place to invest."
Sixty percent of the fund will be allocated for China, 30% India and the remaining 10% for Indonesia, benchmarked against the Hang Seng China Enterprises Index, S&P CNX Nifty Index and the Jakarta Composite Index, respectively.
The fund will be distributed by CIMB Bank, CIMB-Investment — Retail Equities, CIMB Private Banking, CWA (formerly known as CIMB Wealth Advisors), Hong Leong Bank, Royal Bank of Scotland and Phillip Mutual.
At present, CIMB-Principal Asset Management manages 61 funds, with 24 offshore funds while another 13 have some offshore exposure. The new China-India-Indonesia fund will be its second offshore fund this year.
The asset management company had assets under management (AUM) of RM22.1 billion as at Dec 31 2009, a RM3 billion increase from 2008.
At an initial offer price of 25 sen per unit, the 600 million unit fund is expected to generate 10%-15% per annum income distribution over a three- to five-year timeframe, said its chief investment officer Raymond Tang.
He expected all the units of the fund to be taken up within three to six months. The fund was opened for public subscription on Jan 21 with a minimum investment of RM1,000.
CIMB-Principal Asset Management chief executive Campbell Tupling said the fund was timely as the global economic recovery would be led by Asia and driven by these three economies.
"These countries are already generating economic activity equal to 44% of the US economy and by 2015, their gross domestic product (GDP) are expected to surpass US$10 trillion (RM34.3 trillion), even with modest growth rates," he said.
"(They) are also close to home, we hear and read about them every day, they have proven track records of growing GDP, strengthening stock markets and corporate earnings," said Tupling.
"Retail investors can invest in equities and equity-related securities of undervalued listed companies which are domiciled or have significant operations in the China, India and Indonesia markets that offer attractive valuations and medium- to long-term growth potentials."
Tupling said the fund would be managed from CIMB-Principal's offices in Kuala Lumpur, Singapore and Indonesia, while it would leverage on Principal PNB Asset Management Company Pvt Ltd's knowledge of the Indian market to make headways there.
Tang said with a combined population of three billion people, along with a rising middle-class population, these markets were poised for growth into the next decade.
"Our investment outlook for the coming three to five years is good as the economy recovers," he said. "We believe the equity markets in this region will be a good place to invest."
Sixty percent of the fund will be allocated for China, 30% India and the remaining 10% for Indonesia, benchmarked against the Hang Seng China Enterprises Index, S&P CNX Nifty Index and the Jakarta Composite Index, respectively.
The fund will be distributed by CIMB Bank, CIMB-Investment — Retail Equities, CIMB Private Banking, CWA (formerly known as CIMB Wealth Advisors), Hong Leong Bank, Royal Bank of Scotland and Phillip Mutual.
At present, CIMB-Principal Asset Management manages 61 funds, with 24 offshore funds while another 13 have some offshore exposure. The new China-India-Indonesia fund will be its second offshore fund this year.
The asset management company had assets under management (AUM) of RM22.1 billion as at Dec 31 2009, a RM3 billion increase from 2008.
Petronas awards Global Industries US$70m job
CARLYSS (Louisiana): Global Industries, Ltd announced on Jan 26 that its majority Malaysian-owned affiliate, Global Offshore Malaysia Sdn Bhd has been awarded a contract for transportation and installation of offshore facilities for projects in Malaysia.
The contract, under which the actual scope of work will be defined annually, is initially estimated at around US$70 million (RM240.1 million) for the first year, and has options for two 1-year extensions upon the expiry of the contract.
John Clerico, Global's chairman and CEO, said: "This is the first contract we have been awarded in conjunction with our Malaysian partners, Kencana HL Sdn Bhd and we are very pleased that Petronas has shown such confidence in the Global-Kencana partnership's ability to carry out the significant scope of work involved with this project."
Global Industries, Ltd is a leading solutions provider of offshore CONSTRUCTION [], engineering, project management and support services including pipeline construction, platform installation and removal, deepwater/SURF installations, IRM, and diving to the oil and gas industry worldwide.
The contract, under which the actual scope of work will be defined annually, is initially estimated at around US$70 million (RM240.1 million) for the first year, and has options for two 1-year extensions upon the expiry of the contract.
John Clerico, Global's chairman and CEO, said: "This is the first contract we have been awarded in conjunction with our Malaysian partners, Kencana HL Sdn Bhd and we are very pleased that Petronas has shown such confidence in the Global-Kencana partnership's ability to carry out the significant scope of work involved with this project."
Global Industries, Ltd is a leading solutions provider of offshore CONSTRUCTION [], engineering, project management and support services including pipeline construction, platform installation and removal, deepwater/SURF installations, IRM, and diving to the oil and gas industry worldwide.
Global sukuk sales seen down in 2010, Dubai crisis weighs
KUALA LUMPUR/MANAMA: Global sukuk issuance will be weaker than expected this year, with some analysts seeing a drop of as much as a fifth from 2009, as Dubai's debt crisis and an expected rise in borrowing costs weigh on sentiment, a Reuters poll shows.
The majority of 12 Islamic bankers and industry experts surveyed expect issuance to range between US$15 billion and US$17 billion (RM51.45 billion and RM58.31 billion) in 2010, down from a similar poll in October which estimated over US$20 billion in sales this year.
Global sukuk issuance totalled US$19 billion last year, of which the United Arab Emirates (UAE) accounted for a fifth, according to Thomson Reuters data. By comparison, global emerging market issuance totalled close to US$200 billion last year, according to Commerzbank, and is likely to match that this year as investors look for more conventional, higher-yielding assets again.
Government borrowing needs and infrastructure funding would drive sukuk sales this year, even if uncertainties over the strength of a global economic recovery and fears of more sukuk defaults dampen the overall market, the poll showed.
“The debt crisis of Dubai World, which became a major issue in the sukuk market in the fourth quarter of 2009, is expected to bring down the issuance size from this region on negative investors' perceptions,” said Malaysian Rating Corp vice-president Wan Murezani Wan Mohamad.
“Nevertheless, Dubai World's credit challenges are mostly country-specific and borrower-specific, and as such, should have no demand and ratings implications for sukuk universe in other region.”
Sukuk's reputation as a safe haven investment took a hit after Dubai real estate developer Nakheel, issuer of the world's largest Islamic bond, became part of a debt restructuring at some Dubai state-owned companies.
Nakheel said last week it had made a US$10.3 million coupon payment on its US$750 million bond due 2011. It has two bonds outstanding — a 3.6 billion dirham (RM3.35 billion) issue maturing on May 13 and the US$750 million deal due in January 2011.
Ratings agencies downgraded several Dubai-related entities after it became apparent their debt would not be backed by the government as previously assumed.
Bankers also expect issuance to be affected by an expected rise in interest rates as the global economy recovers, which would increase borrowing costs. Islamic bonds are often priced using the conventional LIBOR (London Interbank Offered Rate) as there is no benchmark Islamic rate.
But the return of more normal credit market activity in the Gulf, the need for Islamic financial institutions to refinance and the willingness of governments to increase issuance would support the market, said Simon Eedle, Calyon's Islamic banking global head.
Governments and state-linked firms as well as infrastructure and financial companies are expected to be the largest issuers, with the bulk of paper coming from Malaysia and the Middle East, the poll showed.
Many governments are still intent on maintaining growth-boosting stimulus spending until their economies get back on more solid footing.
The yield on the HSBC/DIFX US Dollar Sukuk Index fell 5.378 to 7.011 on Jan 22 from March last year compared with its Middle East Conventional US Dollar Bond Index, which was down 3.356 during that period. — Reuters
The majority of 12 Islamic bankers and industry experts surveyed expect issuance to range between US$15 billion and US$17 billion (RM51.45 billion and RM58.31 billion) in 2010, down from a similar poll in October which estimated over US$20 billion in sales this year.
Global sukuk issuance totalled US$19 billion last year, of which the United Arab Emirates (UAE) accounted for a fifth, according to Thomson Reuters data. By comparison, global emerging market issuance totalled close to US$200 billion last year, according to Commerzbank, and is likely to match that this year as investors look for more conventional, higher-yielding assets again.
Government borrowing needs and infrastructure funding would drive sukuk sales this year, even if uncertainties over the strength of a global economic recovery and fears of more sukuk defaults dampen the overall market, the poll showed.
“The debt crisis of Dubai World, which became a major issue in the sukuk market in the fourth quarter of 2009, is expected to bring down the issuance size from this region on negative investors' perceptions,” said Malaysian Rating Corp vice-president Wan Murezani Wan Mohamad.
“Nevertheless, Dubai World's credit challenges are mostly country-specific and borrower-specific, and as such, should have no demand and ratings implications for sukuk universe in other region.”
Sukuk's reputation as a safe haven investment took a hit after Dubai real estate developer Nakheel, issuer of the world's largest Islamic bond, became part of a debt restructuring at some Dubai state-owned companies.
Nakheel said last week it had made a US$10.3 million coupon payment on its US$750 million bond due 2011. It has two bonds outstanding — a 3.6 billion dirham (RM3.35 billion) issue maturing on May 13 and the US$750 million deal due in January 2011.
Ratings agencies downgraded several Dubai-related entities after it became apparent their debt would not be backed by the government as previously assumed.
Bankers also expect issuance to be affected by an expected rise in interest rates as the global economy recovers, which would increase borrowing costs. Islamic bonds are often priced using the conventional LIBOR (London Interbank Offered Rate) as there is no benchmark Islamic rate.
But the return of more normal credit market activity in the Gulf, the need for Islamic financial institutions to refinance and the willingness of governments to increase issuance would support the market, said Simon Eedle, Calyon's Islamic banking global head.
Governments and state-linked firms as well as infrastructure and financial companies are expected to be the largest issuers, with the bulk of paper coming from Malaysia and the Middle East, the poll showed.
Many governments are still intent on maintaining growth-boosting stimulus spending until their economies get back on more solid footing.
The yield on the HSBC/DIFX US Dollar Sukuk Index fell 5.378 to 7.011 on Jan 22 from March last year compared with its Middle East Conventional US Dollar Bond Index, which was down 3.356 during that period. — Reuters
10% adex growth forecast for this year
PETALING JAYA: Advertising expenditure in Malaysia will grow by about 10% this year after slumping last year in the wake of the global financial and economic crisis, said leading media services agencies Zenith Media Malaysia and Omnicom Media Group (OMG).
OMG is the media services division of NYSE-listed Omnicom Group Inc while Zenith Media Malaysia is a member of ZenithOptimedia Worldwide, one of the world's leading media services agencies.
Figures released by Zenith yesterday estimated that Malaysian advertisers increased spending by 7.4% to RM6.6 billion for the whole of last year, after contracting 0.5% in the first half.
According to the latest figures by Nielsen Advertising Information Services (Nielsen AIS), Malaysia's adex for January to November last year grew by 6% to RM5.9 billion from RM5.6 billion in the same year-ago period. Nielsen AIS is expected to release full-year figures for 2009 this week.
Zenith CEO Gerald Miranda expects a recovering world economy, and improved consumer, business and investor sentiments to drive adex growth.
"Most developed countries have now come out of recession and Malaysia will benefit from this global economic recovery," he said in a statement yesterday.
Miranda added that while the government forecast is for the economy to grow at 2% to 3% this year, he believed "actual growth will be a surprise on the upside".
"The government's fiscal stimulus spending has begun to bear fruit... and the increase of personal tax relief and the lowering of the maximum tax rate from 27% to 26% are all serving to stimulate consumer spending," he said.
Miranda added that it is normal for adex to shrink faster and by a bigger quantum when the economy shrinks. "The corollary to this is that when recovery is complete, we can expect spending to outperform the economy as a whole," he said.
While OMG's outlook for the year remained one of "cautious optimism", there are clear indications of double-digit adex growth, said OMG managing director Andreas Vogiatzakis in a phone interview yesterday.
"There is the World Cup and positive sentiments about the recovering economy. Also, in general, our clients have been more optimistic with their advertising budgets this year," he added.
According to Zenith, last year, TV adspend grew 13%, radio 24%, outdoor 17%, point of sale 16%, and Internet 22%. Newspapers posted a 3% increase while cinema adex shrank 18% and magazines fell 11%.
OMG predicts that this year, newspapers will maintain the lion's share of the adex pie but will lose 1% to 2% of its share to TV.
According to Nielsen AIS, from January to November last year, newspapers garnered 52% of total adspend while TV's share was 12%.
Online will achieve double-digit growth — mostly because more websites will be monitored, said Vogiatzakis who also predicted that point-of-sale's share of the adex pie will grow. "The need to engage with consumers will lead more advertisers to advertise below-the-line," he said.
Vogiatzakis added that there are indications that the "big five", namely the telcos, large fast-moving consumer goods companies, the government, automobile and aviation, will raise their spending this year.
According to Zenith, last year the top five advertising sectors in terms of percentage growth were pharmaceuticals (36%), industrial (35%), household products (26%), education (24%) and foodstuff (24%).
Sectors that showed the largest percentage decline in adspend last year compared with 2008 were office and business equipment (-29%), alcoholic beverages (-25%) and apparel & accessories (-18%), said Zenith.
OMG is the media services division of NYSE-listed Omnicom Group Inc while Zenith Media Malaysia is a member of ZenithOptimedia Worldwide, one of the world's leading media services agencies.
Figures released by Zenith yesterday estimated that Malaysian advertisers increased spending by 7.4% to RM6.6 billion for the whole of last year, after contracting 0.5% in the first half.
According to the latest figures by Nielsen Advertising Information Services (Nielsen AIS), Malaysia's adex for January to November last year grew by 6% to RM5.9 billion from RM5.6 billion in the same year-ago period. Nielsen AIS is expected to release full-year figures for 2009 this week.
Zenith CEO Gerald Miranda expects a recovering world economy, and improved consumer, business and investor sentiments to drive adex growth.
"Most developed countries have now come out of recession and Malaysia will benefit from this global economic recovery," he said in a statement yesterday.
Miranda added that while the government forecast is for the economy to grow at 2% to 3% this year, he believed "actual growth will be a surprise on the upside".
"The government's fiscal stimulus spending has begun to bear fruit... and the increase of personal tax relief and the lowering of the maximum tax rate from 27% to 26% are all serving to stimulate consumer spending," he said.
Miranda added that it is normal for adex to shrink faster and by a bigger quantum when the economy shrinks. "The corollary to this is that when recovery is complete, we can expect spending to outperform the economy as a whole," he said.
While OMG's outlook for the year remained one of "cautious optimism", there are clear indications of double-digit adex growth, said OMG managing director Andreas Vogiatzakis in a phone interview yesterday.
"There is the World Cup and positive sentiments about the recovering economy. Also, in general, our clients have been more optimistic with their advertising budgets this year," he added.
According to Zenith, last year, TV adspend grew 13%, radio 24%, outdoor 17%, point of sale 16%, and Internet 22%. Newspapers posted a 3% increase while cinema adex shrank 18% and magazines fell 11%.
OMG predicts that this year, newspapers will maintain the lion's share of the adex pie but will lose 1% to 2% of its share to TV.
According to Nielsen AIS, from January to November last year, newspapers garnered 52% of total adspend while TV's share was 12%.
Online will achieve double-digit growth — mostly because more websites will be monitored, said Vogiatzakis who also predicted that point-of-sale's share of the adex pie will grow. "The need to engage with consumers will lead more advertisers to advertise below-the-line," he said.
Vogiatzakis added that there are indications that the "big five", namely the telcos, large fast-moving consumer goods companies, the government, automobile and aviation, will raise their spending this year.
According to Zenith, last year the top five advertising sectors in terms of percentage growth were pharmaceuticals (36%), industrial (35%), household products (26%), education (24%) and foodstuff (24%).
Sectors that showed the largest percentage decline in adspend last year compared with 2008 were office and business equipment (-29%), alcoholic beverages (-25%) and apparel & accessories (-18%), said Zenith.
CIMB-Principal bets on China, India and Indonesia
KUALA LUMPUR: CIMB-Principal Asset Management Bhd has launched a RM150 million open-ended equity fund that capitalises on undervalued listed companies in the emerging markets of China, India and Indonesia.
At an initial offer price of 25 sen per unit, the 600 million unit fund is expected to generate 10%-15% per annum income distribution over a three- to five-year timeframe, said its chief investment officer Raymond Tang.
He expected all the units of the fund to be taken up within three to six months. The fund was opened for public subscription on Jan 21 with a minimum investment of RM1,000.
CIMB-Principal Asset Management chief executive Campbell Tupling said the fund was timely as the global economic recovery would be led by Asia and driven by these three economies.
"These countries are already generating economic activity equal to 44% of the US economy and by 2015, their gross domestic product (GDP) are expected to surpass US$10 trillion (RM34.3 trillion), even with modest growth rates," he said.
"(They) are also close to home, we hear and read about them every day, they have proven track records of growing GDP, strengthening stock markets and corporate earnings," said Tupling.
"Retail investors can invest in equities and equity-related securities of undervalued listed companies which are domiciled or have significant operations in the China, India and Indonesia markets that offer attractive valuations and medium- to long-term growth potentials."
Tupling said the fund would be managed from CIMB-Principal's offices in Kuala Lumpur, Singapore and Indonesia, while it would leverage on Principal PNB Asset Management Company Pvt Ltd's knowledge of the Indian market to make headways there.
Tang said with a combined population of three billion people, along with a rising middle-class population, these markets were poised for growth into the next decade.
"Our investment outlook for the coming three to five years is good as the economy recovers," he said. "We believe the equity markets in this region will be a good place to invest."
Sixty percent of the fund will be allocated for China, 30% India and the remaining 10% for Indonesia, benchmarked against the Hang Seng China Enterprises Index, S&P CNX Nifty Index and the Jakarta Composite Index, respectively.
The fund will be distributed by CIMB Bank, CIMB-Investment — Retail Equities, CIMB Private Banking, CWA (formerly known as CIMB Wealth Advisors), Hong Leong Bank, Royal Bank of Scotland and Phillip Mutual.
At present, CIMB-Principal Asset Management manages 61 funds, with 24 offshore funds while another 13 have some offshore exposure. The new China-India-Indonesia fund will be its second offshore fund this year.
The asset management company had assets under management (AUM) of RM22.1 billion as at Dec 31 2009, a RM3 billion increase from 2008.
At an initial offer price of 25 sen per unit, the 600 million unit fund is expected to generate 10%-15% per annum income distribution over a three- to five-year timeframe, said its chief investment officer Raymond Tang.
He expected all the units of the fund to be taken up within three to six months. The fund was opened for public subscription on Jan 21 with a minimum investment of RM1,000.
CIMB-Principal Asset Management chief executive Campbell Tupling said the fund was timely as the global economic recovery would be led by Asia and driven by these three economies.
"These countries are already generating economic activity equal to 44% of the US economy and by 2015, their gross domestic product (GDP) are expected to surpass US$10 trillion (RM34.3 trillion), even with modest growth rates," he said.
"(They) are also close to home, we hear and read about them every day, they have proven track records of growing GDP, strengthening stock markets and corporate earnings," said Tupling.
"Retail investors can invest in equities and equity-related securities of undervalued listed companies which are domiciled or have significant operations in the China, India and Indonesia markets that offer attractive valuations and medium- to long-term growth potentials."
Tupling said the fund would be managed from CIMB-Principal's offices in Kuala Lumpur, Singapore and Indonesia, while it would leverage on Principal PNB Asset Management Company Pvt Ltd's knowledge of the Indian market to make headways there.
Tang said with a combined population of three billion people, along with a rising middle-class population, these markets were poised for growth into the next decade.
"Our investment outlook for the coming three to five years is good as the economy recovers," he said. "We believe the equity markets in this region will be a good place to invest."
Sixty percent of the fund will be allocated for China, 30% India and the remaining 10% for Indonesia, benchmarked against the Hang Seng China Enterprises Index, S&P CNX Nifty Index and the Jakarta Composite Index, respectively.
The fund will be distributed by CIMB Bank, CIMB-Investment — Retail Equities, CIMB Private Banking, CWA (formerly known as CIMB Wealth Advisors), Hong Leong Bank, Royal Bank of Scotland and Phillip Mutual.
At present, CIMB-Principal Asset Management manages 61 funds, with 24 offshore funds while another 13 have some offshore exposure. The new China-India-Indonesia fund will be its second offshore fund this year.
The asset management company had assets under management (AUM) of RM22.1 billion as at Dec 31 2009, a RM3 billion increase from 2008.
January 26, 2010
Sime Darby Property seeks partners to develop landbank
SIME Darby Property Bhd (SDPB), the property arm of Sime Darby Bhd, will form joint ventures with both local and foreign property developers to help develop its 14,800ha of landbank in the country.
"One of the strategies we have adopted is to accelerate the development of our landbank through joint ventures. We are now talking to a few parties," SDPB managing director Datuk Tunku Badlishah Tunku Annuar told Business Times in an interview.
He declined to name the potential parties.
According to sources, SDPB has chosen Sunrise Bhd and IOI Properties Bhd as its joint venture partners to begin with.
Tunku Badlishah also said SDPB will launch RM2 billion worth of properties this year, amid prospects of an economic recovery gaining strength.
It will launch properties ranging from affordable to high-end homes and landed to high-rise within its 10 existing townships in the Klang Valley.
The townships include Subang Jaya, Bukit Jelutong, USJ Heights, Bandar Bukit Raja, Ara Damansara, Denai Alam, Melawati, Nilai Impian, Planters' Haven and Putra Heights.
Tunku Badlishah said SDPB is cautiously optimistic that the property market will do better this year as there is strong interest among buyers.
He cited the developer's recent sale of houses in Denai Alam and USJ Heights, where each home was priced between RM500,000 and RM1.5 million and were fully taken up.
Sime launched Mandara in USJ Heights over the weekend and sold 54 per cent of the 98 units of two-and-half-storey terraced houses available for sale.
Two weeks ago, it launched Clover Park in Denai Alam, comprising 81 units of double-storey link houses. It sold 75 per cent of the homes in just two days.
Last November, Kayangan Puteri in USJ Heights was launched. It consists of 125 units of double-storey superlink homes, of which 14 per cent of the units are remaining.
"I was pleasantly surprised by our sales achievement. The success of these launches is testimony to the recovery of the property market. In times of uncertainty, people would buy from a reputable developer and we have the edge over this," Tunku Badlishah said.
He added that SDPB's "Buy Now" promotion had also helped to bolster sales. It offers buyers a "Guaranteed Buy Back" scheme, coupled with innovative financing packages.
"We will launch a loyalty or premier club programme in March, which will further strengthen our position in the market place. Under this plan, the more properties one buys from us, the more benefits they stand to get.
"We are talking to all the divisions within the Sime Darby Group such as automotive to see what they can offer for our customers. We hope to put in place everything by March."
"One of the strategies we have adopted is to accelerate the development of our landbank through joint ventures. We are now talking to a few parties," SDPB managing director Datuk Tunku Badlishah Tunku Annuar told Business Times in an interview.
He declined to name the potential parties.
According to sources, SDPB has chosen Sunrise Bhd and IOI Properties Bhd as its joint venture partners to begin with.
Tunku Badlishah also said SDPB will launch RM2 billion worth of properties this year, amid prospects of an economic recovery gaining strength.
It will launch properties ranging from affordable to high-end homes and landed to high-rise within its 10 existing townships in the Klang Valley.
The townships include Subang Jaya, Bukit Jelutong, USJ Heights, Bandar Bukit Raja, Ara Damansara, Denai Alam, Melawati, Nilai Impian, Planters' Haven and Putra Heights.
Tunku Badlishah said SDPB is cautiously optimistic that the property market will do better this year as there is strong interest among buyers.
He cited the developer's recent sale of houses in Denai Alam and USJ Heights, where each home was priced between RM500,000 and RM1.5 million and were fully taken up.
Sime launched Mandara in USJ Heights over the weekend and sold 54 per cent of the 98 units of two-and-half-storey terraced houses available for sale.
Two weeks ago, it launched Clover Park in Denai Alam, comprising 81 units of double-storey link houses. It sold 75 per cent of the homes in just two days.
Last November, Kayangan Puteri in USJ Heights was launched. It consists of 125 units of double-storey superlink homes, of which 14 per cent of the units are remaining.
"I was pleasantly surprised by our sales achievement. The success of these launches is testimony to the recovery of the property market. In times of uncertainty, people would buy from a reputable developer and we have the edge over this," Tunku Badlishah said.
He added that SDPB's "Buy Now" promotion had also helped to bolster sales. It offers buyers a "Guaranteed Buy Back" scheme, coupled with innovative financing packages.
"We will launch a loyalty or premier club programme in March, which will further strengthen our position in the market place. Under this plan, the more properties one buys from us, the more benefits they stand to get.
"We are talking to all the divisions within the Sime Darby Group such as automotive to see what they can offer for our customers. We hope to put in place everything by March."
Bursa lemah seiring kejatuhan di Wall Street
KUALA LUMPUR 25 Jan - Harga-harga saham di Bursa Malaysia terus mengalami kerugian berikutan trend menurun di pasaran AS, kata para peniaga.
Pada pukul 5 petang, penanda aras Indeks Komposit FTSE Bursa Malaysia (FBM KLCI) susut 3.66 mata kepada 1,296.79, selepas dibuka 3.14 mata lebih rendah pada 1,297.31.
Para peniaga berkata bursa tempatan dipengaruhi kejatuhan di Wall Street berikutan rancangan untuk menghadkan pengambilan risiko oleh bank AS dan keraguan jika Ben Bernanke akan memenangi pengesahan Dewan Senat AS sebagai Pengerusi Rizab Persekutuan AS untuk penggal kedua.
Penganalisa TA Securities Stephen Soo berkata pasaran serantau juga merosot berikutan berita mengenai rancangan pengumpulan dana Bank of China dan kadar gadai janji yang lebih tinggi di China.
Indeks Kewangan Bursa Malaysia susut 42.33 mata kepada 11,373.16, Indeks Perusahaan susut 13.61 mata kepada 2,687.29 dan Indeks Perladangan merosot 16.1 mata kepada 6,423.62. Indeks FBM Emas menyusut 21.96 mata kepada 8,728.04, Indeks FBM Ace jatuh d 5.74 mata kepada 4,489.47 dan Indeks FBM70 jatuh 26.68 mata kepada 8,528.27.
Kaunter rugi mengatasi untung sebanyak 441 berbanding 266 sementara 251 kaunter tidak berubah dan 362 yang lain tidak didagangkan. Jumlah dagangan menyusut kepada 996.194 juta saham bernilai RM1.131 bilion daripada 1.008 bilion saham bernilai RM1.381 bilion pada Jumaat.
Di kalangan saham aktif, Talam naik 1.5 sen kepada 13 sen, Focus Dynamics susut dua sen pada 15 sen dan IRCB jatuh tiga sen kepada RM1.51.
Kaunter untung termasuk Hartalega yang naik 37 sen kepada RM7.77. Supermax naik 33 sen kepada RM5.62 dan AE Multi naik 31 sen kepada RM1.41.
Perolehan dagangan di Pasaran Utama menigkat sedikit kepada 836.239 juta saham bernilai RM1.097 bilion daripada 805.689 juta saham bernilai RM1.344 bilion Pasaran Ace susut kepada 120.4 juta saham bernilai RM22.35 juta daripada 147.192 juta saham bernilai RM23.926 juta.
Waran menyusut kepada 25.47 juta unit bernilai RM5.57 juta daripada 45.605 juta unit bernilai RM10.708 juta.
Barangan pengguna menguasai 57.5 juta saham yang didagangkan pada Pasaran Utama, barangan industri 206.949 juta, pembinaan 53.04 juta, dagangan dan perkhidmatan 172.14 juta, teknologi 63.03 juta, prasarana 7.41 juta, kewangan 47.92 juta, perhotelan 787,500, harta 205.59 million, perladangan 19.101 juta, perlombongan 3,000, REIT 2.68 juta dan dana tertutup 50,000.
Pada pukul 5 petang, penanda aras Indeks Komposit FTSE Bursa Malaysia (FBM KLCI) susut 3.66 mata kepada 1,296.79, selepas dibuka 3.14 mata lebih rendah pada 1,297.31.
Para peniaga berkata bursa tempatan dipengaruhi kejatuhan di Wall Street berikutan rancangan untuk menghadkan pengambilan risiko oleh bank AS dan keraguan jika Ben Bernanke akan memenangi pengesahan Dewan Senat AS sebagai Pengerusi Rizab Persekutuan AS untuk penggal kedua.
Penganalisa TA Securities Stephen Soo berkata pasaran serantau juga merosot berikutan berita mengenai rancangan pengumpulan dana Bank of China dan kadar gadai janji yang lebih tinggi di China.
Indeks Kewangan Bursa Malaysia susut 42.33 mata kepada 11,373.16, Indeks Perusahaan susut 13.61 mata kepada 2,687.29 dan Indeks Perladangan merosot 16.1 mata kepada 6,423.62. Indeks FBM Emas menyusut 21.96 mata kepada 8,728.04, Indeks FBM Ace jatuh d 5.74 mata kepada 4,489.47 dan Indeks FBM70 jatuh 26.68 mata kepada 8,528.27.
Kaunter rugi mengatasi untung sebanyak 441 berbanding 266 sementara 251 kaunter tidak berubah dan 362 yang lain tidak didagangkan. Jumlah dagangan menyusut kepada 996.194 juta saham bernilai RM1.131 bilion daripada 1.008 bilion saham bernilai RM1.381 bilion pada Jumaat.
Di kalangan saham aktif, Talam naik 1.5 sen kepada 13 sen, Focus Dynamics susut dua sen pada 15 sen dan IRCB jatuh tiga sen kepada RM1.51.
Kaunter untung termasuk Hartalega yang naik 37 sen kepada RM7.77. Supermax naik 33 sen kepada RM5.62 dan AE Multi naik 31 sen kepada RM1.41.
Perolehan dagangan di Pasaran Utama menigkat sedikit kepada 836.239 juta saham bernilai RM1.097 bilion daripada 805.689 juta saham bernilai RM1.344 bilion Pasaran Ace susut kepada 120.4 juta saham bernilai RM22.35 juta daripada 147.192 juta saham bernilai RM23.926 juta.
Waran menyusut kepada 25.47 juta unit bernilai RM5.57 juta daripada 45.605 juta unit bernilai RM10.708 juta.
Barangan pengguna menguasai 57.5 juta saham yang didagangkan pada Pasaran Utama, barangan industri 206.949 juta, pembinaan 53.04 juta, dagangan dan perkhidmatan 172.14 juta, teknologi 63.03 juta, prasarana 7.41 juta, kewangan 47.92 juta, perhotelan 787,500, harta 205.59 million, perladangan 19.101 juta, perlombongan 3,000, REIT 2.68 juta dan dana tertutup 50,000.
Plastic makers surge on CIMB Research upgrade
KUALA LUMPUR: Shares of plastic products manufacturers surged in early trade on Tuesday, Jan 26 after CIMB Equities Research said it is bullish long term on the plastic flexible packaging (PFP) sector and recommend an Overweight on the sector.
At 9.26am, the FBM KLCI was down 1.21 points to 1,295.58 despite the firmer close on Wall Street. Turnover was 118.18 million shares valued at RM79.54 million. There were 160 gainers, 88 losers and 144 stocks unchanged.
Hwang DBS Vickers Research, said it is market outlook, that it expects share prices on the Malaysian bourse to display a sense of stability on Tuesday after coming under pressures for the past two days.
The FBM KLCI – which plunged as low as 1,292.76 yesterday – will probably want to regain its footing ahead although the key market barometer may not be ready to surpass the psychological level of 1,300 yet.
Over on Wall Street, major U.S. equity indices – up between 0.2% and 0.5% at the closing bell last night – halted a three-day losing streak. This could provide an air of relief for investors across the region when trading resumes this morning.
“Meanwhile, sentiment on EON Capital shares could be influenced (in both ways) by news reports saying that its board of directors viewed the offer by Hong Leong Bank to acquire its assets and liabilities for RM4.9 billion cash (which works out to be RM7.10 per EON Capital share) as too low,” it said.
Plastic manufacturers Tomypak jumped 38 sen to RM2.66 and Daibochi 32 sen higher at RM3.18 while Bright Packaging gained 13.5 sen to 47.5 sen and Advanced Packing added 11 sen to RM1.01 after the sector was upgraded by CIMB Research.
CIMB Research said that after struggling for much of the past decade, the industry went through a major turnaround in 2009 and should continue to pack in the growth this year.
"We are starting coverage on the country’s two largest PFP producers, Daibochi and Tomypak with an Outperform recommendation for both stocks given the likelihood of further re-rating of the stocks,” it said.
Profit taking saw PPB slipping 26 sen to RM16.50 and KL Kepong shed four sen to RM16.60.Top Glove lost 10 sen to RM11.56 and Supermax shed four sen to RM5.58.
At 9.26am, the FBM KLCI was down 1.21 points to 1,295.58 despite the firmer close on Wall Street. Turnover was 118.18 million shares valued at RM79.54 million. There were 160 gainers, 88 losers and 144 stocks unchanged.
Hwang DBS Vickers Research, said it is market outlook, that it expects share prices on the Malaysian bourse to display a sense of stability on Tuesday after coming under pressures for the past two days.
The FBM KLCI – which plunged as low as 1,292.76 yesterday – will probably want to regain its footing ahead although the key market barometer may not be ready to surpass the psychological level of 1,300 yet.
Over on Wall Street, major U.S. equity indices – up between 0.2% and 0.5% at the closing bell last night – halted a three-day losing streak. This could provide an air of relief for investors across the region when trading resumes this morning.
“Meanwhile, sentiment on EON Capital shares could be influenced (in both ways) by news reports saying that its board of directors viewed the offer by Hong Leong Bank to acquire its assets and liabilities for RM4.9 billion cash (which works out to be RM7.10 per EON Capital share) as too low,” it said.
Plastic manufacturers Tomypak jumped 38 sen to RM2.66 and Daibochi 32 sen higher at RM3.18 while Bright Packaging gained 13.5 sen to 47.5 sen and Advanced Packing added 11 sen to RM1.01 after the sector was upgraded by CIMB Research.
CIMB Research said that after struggling for much of the past decade, the industry went through a major turnaround in 2009 and should continue to pack in the growth this year.
"We are starting coverage on the country’s two largest PFP producers, Daibochi and Tomypak with an Outperform recommendation for both stocks given the likelihood of further re-rating of the stocks,” it said.
Profit taking saw PPB slipping 26 sen to RM16.50 and KL Kepong shed four sen to RM16.60.Top Glove lost 10 sen to RM11.56 and Supermax shed four sen to RM5.58.
CIMB Research has Outperform on Daibochi, Tomypak
KUALA LUMPUR: CIMB Equities Research is bullish long-term on the plastic flexible packaging (PFP) sector and recommend an Overweight on the sector.
It said on Tuesday, Jan 26 that after struggling for much of the past decade, the industry went through a major turnaround in 2009 and should continue to pack in the growth this year.
“We are starting coverage on the country’s two largest PFP producers, Daibochi and Tomypak with an Outperform recommendation for both stocks given the likelihood of further re-rating of the stocks,” it said.
The factors are driven by margin expansion over the next few quarters, new contracts from non-F&B customers and their attractive gross dividend yields of 7%-8%.
CIMB Research has a target price of RM4.50 for Daibochi based on 12 times CY11 P/E, a 20% discount to its 15 times target market P/E.
For Tomypack, its target price is RM4.55, based on 8.4 times CY11 P/E, a 30% discount to our 12 times target P/E for Daibochi given its smaller market cap, poorer liquidity and less exposure to the non-F&B sector.
Trading liquidity is poor for both stocks and market cap is small at US$28 million to US$64 million. However, this is offset by their strong potential share price upside and attractive dividend yields.
It said on Tuesday, Jan 26 that after struggling for much of the past decade, the industry went through a major turnaround in 2009 and should continue to pack in the growth this year.
“We are starting coverage on the country’s two largest PFP producers, Daibochi and Tomypak with an Outperform recommendation for both stocks given the likelihood of further re-rating of the stocks,” it said.
The factors are driven by margin expansion over the next few quarters, new contracts from non-F&B customers and their attractive gross dividend yields of 7%-8%.
CIMB Research has a target price of RM4.50 for Daibochi based on 12 times CY11 P/E, a 20% discount to its 15 times target market P/E.
For Tomypack, its target price is RM4.55, based on 8.4 times CY11 P/E, a 30% discount to our 12 times target P/E for Daibochi given its smaller market cap, poorer liquidity and less exposure to the non-F&B sector.
Trading liquidity is poor for both stocks and market cap is small at US$28 million to US$64 million. However, this is offset by their strong potential share price upside and attractive dividend yields.
CIMB Research maintains Outperform on BToto
KUALA LUMPUR: CIMB Equities Research is maintaining its outperform on Berjaya Sports Toto (BToto) for its pure numbers forecast operators (NFO) status, continued market leadership and solid gross dividend yields of 7%-8%.
The research house said on Tuesday, Jan 26 it had an Outperform on BToto at RM4.25 while it raised the target price from RM5.30 to RM5.45.
It said the government's move to award all three NFO players a record 20 special draw days for 2010 is positive, quantity-wise.
“But we are slightly disappointed that the NFO players have to hold all the special draws on the same days given that isolated special draws tend to generate higher ticket sales,” it said.
CIMB Research said notwithstanding the potential clashes of draw days, we view the latest allocation as a net positive development.
“We lift our FY10-12 core earnings estimates by 2%-3% after increasing the number of draw days by 4-5%, and clipping 2%-3% off our revenue/draw projection given the overlapping draws.
“Our DPS estimates also go up by about 3% as we stick to our 75-78% payout assumptions. The DPS upgrades take our DDM (dividend discount model) based target price higher from RM5.30 to RM5.45,” it added
The research house said on Tuesday, Jan 26 it had an Outperform on BToto at RM4.25 while it raised the target price from RM5.30 to RM5.45.
It said the government's move to award all three NFO players a record 20 special draw days for 2010 is positive, quantity-wise.
“But we are slightly disappointed that the NFO players have to hold all the special draws on the same days given that isolated special draws tend to generate higher ticket sales,” it said.
CIMB Research said notwithstanding the potential clashes of draw days, we view the latest allocation as a net positive development.
“We lift our FY10-12 core earnings estimates by 2%-3% after increasing the number of draw days by 4-5%, and clipping 2%-3% off our revenue/draw projection given the overlapping draws.
“Our DPS estimates also go up by about 3% as we stick to our 75-78% payout assumptions. The DPS upgrades take our DDM (dividend discount model) based target price higher from RM5.30 to RM5.45,” it added
Wall St up as Bernanke support firms; Apple reports
NEW YORK: U.S. stocks snapped a three-day slide on Monday, Jan 25 as signs that Federal Reserve Chairman Ben Bernanke would win a U.S. Senate vote for a second term helped ease investors' concerns, according to Reuters.
After the closing bell, iPod maker Apple Inc reported sharp gains in quarterly revenue and profit, sending its shares 1.9 percent higher to $207.00 in after-hours trading. The company also said it moved to adopt new accounting standards for its iPhone.
"It looks like they are still picking up market share," said Keith Springer, president of Capital Financial Advisory Services in Sacramento, California.
Chipmaker Texas Instruments posted its fourth-quarter results and outlook for the first quarter after the close. Its stock shed 1.2 percent to $23.40.
U.S. lawmakers looked likely to approve Bernanke's nomination after the White House defended his record fighting the financial crisis in an effort to rally votes.
"(Bernanke) is clearly what prompted it," said Stephen Massocca, managing director at Wedbush Morgan in San Francisco, referring to the stock market's recovery. "Coupled with the fact we were 600 points down in a straight line, we were due for a bounce."
Massocca said private counts of Bernanke's support showed well more than a majority of senators would vote for confirmation.
The Dow Jones industrial average gained 23.88 points, or 0.23 percent, to 10,196.86. The Standard & Poor's 500 Index gained 5.02 points, or 0.46 percent, to 1,096.78. The Nasdaq Composite Index gained 5.51 points, or 0.25 percent, to 2,210.80.
IBM climbed 0.5 percent to $126.12 while Hewlett-Packard Co added 1.6 percent to $50.06 and were among the top performers on the Dow. The PHLX Semiconductor index gained 1.4 percent.
Both the Dow and Nasdaq briefly turned negative after data from the National Association of Realtors showed sales of previously owned U.S. homes fell at a record pace in December, highlighting the housing market's reliance on government aid.
Homebuilder Toll Brothers Inc shed 0.7 percent to $18.15.
Shares of natural resource companies rebounded, lifting the S&P materials index up 0.8 percent. AK Steel Holding Corp jumped 5.4 percent to $21.27 after the company posted a fourth-quarter profit and forecast higher prices as demand shows signs of growth. - Reuters
After the closing bell, iPod maker Apple Inc reported sharp gains in quarterly revenue and profit, sending its shares 1.9 percent higher to $207.00 in after-hours trading. The company also said it moved to adopt new accounting standards for its iPhone.
"It looks like they are still picking up market share," said Keith Springer, president of Capital Financial Advisory Services in Sacramento, California.
Chipmaker Texas Instruments posted its fourth-quarter results and outlook for the first quarter after the close. Its stock shed 1.2 percent to $23.40.
U.S. lawmakers looked likely to approve Bernanke's nomination after the White House defended his record fighting the financial crisis in an effort to rally votes.
"(Bernanke) is clearly what prompted it," said Stephen Massocca, managing director at Wedbush Morgan in San Francisco, referring to the stock market's recovery. "Coupled with the fact we were 600 points down in a straight line, we were due for a bounce."
Massocca said private counts of Bernanke's support showed well more than a majority of senators would vote for confirmation.
The Dow Jones industrial average gained 23.88 points, or 0.23 percent, to 10,196.86. The Standard & Poor's 500 Index gained 5.02 points, or 0.46 percent, to 1,096.78. The Nasdaq Composite Index gained 5.51 points, or 0.25 percent, to 2,210.80.
IBM climbed 0.5 percent to $126.12 while Hewlett-Packard Co added 1.6 percent to $50.06 and were among the top performers on the Dow. The PHLX Semiconductor index gained 1.4 percent.
Both the Dow and Nasdaq briefly turned negative after data from the National Association of Realtors showed sales of previously owned U.S. homes fell at a record pace in December, highlighting the housing market's reliance on government aid.
Homebuilder Toll Brothers Inc shed 0.7 percent to $18.15.
Shares of natural resource companies rebounded, lifting the S&P materials index up 0.8 percent. AK Steel Holding Corp jumped 5.4 percent to $21.27 after the company posted a fourth-quarter profit and forecast higher prices as demand shows signs of growth. - Reuters
S&P deals blow to Dubai Hldg unit, pulls rating
DUBAI: Standard & Poor’s pulled its rating on a unit of Dubai Holding, dealing a fresh blow to the Gulf Arab emirate’s financial reputation and drawing fresh scrutiny from investors.
The ratings agency cut Dubai Holding Commercial Group (DHCOG) to B from BB+ and then withdrew the rating altogether, citing its “materially weaker” cash position and a lack of information.
“It was certainly a very severe note, and seems to lend credence to the doubts that have been expressed about Dubai Holding for some time,” said David Butter, director for the Middle East and North Africa at Economist Intelligence Unit, in London.
Dubai rocked global markets on Nov 25 when it sought a debt delay on US$26 billion (RM88.9 billion) linked to its flagship conglomerate, Dubai World.
DHCOG — the holding firm of Dubai Holding’s property, business parks and hospitality units which includes the planned Tiger Woods golf resort — is part of an investment vehicle owned by Dubai’s ruler.
In a statement, DHCOG dismissed the S&P announcement which it said contained inaccuracies and factual errors, and said the ratings agency did not understand its operations or its relationship with the Dubai government. — Reuters
The ratings agency cut Dubai Holding Commercial Group (DHCOG) to B from BB+ and then withdrew the rating altogether, citing its “materially weaker” cash position and a lack of information.
“It was certainly a very severe note, and seems to lend credence to the doubts that have been expressed about Dubai Holding for some time,” said David Butter, director for the Middle East and North Africa at Economist Intelligence Unit, in London.
Dubai rocked global markets on Nov 25 when it sought a debt delay on US$26 billion (RM88.9 billion) linked to its flagship conglomerate, Dubai World.
DHCOG — the holding firm of Dubai Holding’s property, business parks and hospitality units which includes the planned Tiger Woods golf resort — is part of an investment vehicle owned by Dubai’s ruler.
In a statement, DHCOG dismissed the S&P announcement which it said contained inaccuracies and factual errors, and said the ratings agency did not understand its operations or its relationship with the Dubai government. — Reuters
Takaful Malaysia, group MD win major awards
KUALA LUMPUR: SYARIKAT TAKAFUL MALAYSIA BHD [] (Takaful Malaysia) and its group managing director Datuk Mohamed Hassan Kamil won two major awards at at the 2nd Global Awards 2009 held on Sunday.
Takaful Malaysia won the Global Diamond Award (Diamond Winner Category) while Mohamed Hassan was picked as recipient of the "Smart Entrepreneur" Award during the ceremony here.
"The awards are certainly a wonderful beginning to 2010 and an added motivation for the company," he said, adding the recognition would further spur the staff to continue to serve the company and customers, more efficiently and effectively..
The ceremony was organised by the Business Productivity Network in collaboration with the Malaysia-Guangdong Chamber of Investment Promotion, No. 1 Enterprise and Company of the Year Award.
The "Smart Entrepreneur" Award is based on the winner's capability to position the company and its business approach, to help further the 1Malaysia philosophy.
Takaful Malaysia said during the recent economic downturn, Hassan managed to overcome challenges without compromising profitability and turnover of employees while championing corporate social responsibilities
Takaful Malaysia won the Global Diamond Award (Diamond Winner Category) while Mohamed Hassan was picked as recipient of the "Smart Entrepreneur" Award during the ceremony here.
"The awards are certainly a wonderful beginning to 2010 and an added motivation for the company," he said, adding the recognition would further spur the staff to continue to serve the company and customers, more efficiently and effectively..
The ceremony was organised by the Business Productivity Network in collaboration with the Malaysia-Guangdong Chamber of Investment Promotion, No. 1 Enterprise and Company of the Year Award.
The "Smart Entrepreneur" Award is based on the winner's capability to position the company and its business approach, to help further the 1Malaysia philosophy.
Takaful Malaysia said during the recent economic downturn, Hassan managed to overcome challenges without compromising profitability and turnover of employees while championing corporate social responsibilities
CIMB Group appoints 2 directors to the board
KUALA LUMPUR: CIMB Group Holdings Bhd has appointed Glenn Muhammad Surya Yusuf and Watanan Petersik as independent non-executive directors effective from Monday, Jan 25.
CIMB Group said Glenn Yusuf has over 28 years of experience in Indonesia's corporate and financial sectors. He was finance director at Bank Niaga (1985-1994) and then served as first chairman of the Indonesian Bank Restructuring Agency (IBRA) from 1998 to 2000.
"He was also president director of PT Perusahaan Perkebunan London Sumatra Tbk from 2003 to 2007. He has served on CIMB Group's international advisory panel since 2006 and was deputy chairman of the Bank Niaga-Bank Lippo integration steering committee in 2008," said CIMB Group.
As for Watanan, she is a Thai national and is presently an independent director and chairman of the CIMB Thai plc nomination and remuneration committee. She joined the board of CIMB Thai in 2007 as a nominee of Texas Pacific Group (TPG).
CIMB Group said she had vast experience in the financial services industry spanning more than 23 years and has spent 10 years at Goldman Sachs and three years as an adviser to TPG.
Group chief executive of CIMB Group Datuk Seri Nazir Razak said these appointments aligned the complexion of the board with the regional nature of the group's business today.
"A third of our board are now non-Malaysians," he said, adding that Glen Yusuf and Watanan would enhance the group's stature as a regional franchise.
"Their own wealth of knowledge and experience in finance will also be of great value to the group," he said.
CIMB Group said Glenn Yusuf has over 28 years of experience in Indonesia's corporate and financial sectors. He was finance director at Bank Niaga (1985-1994) and then served as first chairman of the Indonesian Bank Restructuring Agency (IBRA) from 1998 to 2000.
"He was also president director of PT Perusahaan Perkebunan London Sumatra Tbk from 2003 to 2007. He has served on CIMB Group's international advisory panel since 2006 and was deputy chairman of the Bank Niaga-Bank Lippo integration steering committee in 2008," said CIMB Group.
As for Watanan, she is a Thai national and is presently an independent director and chairman of the CIMB Thai plc nomination and remuneration committee. She joined the board of CIMB Thai in 2007 as a nominee of Texas Pacific Group (TPG).
CIMB Group said she had vast experience in the financial services industry spanning more than 23 years and has spent 10 years at Goldman Sachs and three years as an adviser to TPG.
Group chief executive of CIMB Group Datuk Seri Nazir Razak said these appointments aligned the complexion of the board with the regional nature of the group's business today.
"A third of our board are now non-Malaysians," he said, adding that Glen Yusuf and Watanan would enhance the group's stature as a regional franchise.
"Their own wealth of knowledge and experience in finance will also be of great value to the group," he said.
Wall Street drags on Asian markets
Sentiment on the Bursa Malaysia was weaker at the start of the new week. Shares traded broadly lower right from the opening bell. On the positive note, selling pressure was limited.
It would appear that investors are still relatively confident in the market outlook although they are treading more cautiously. The local bourse will likely continue to take its cues from Wall Street and the regional markets in the coming days.
Asian equity markets dropped Monday, following the sell off in US stocks last week. The closely watched Dow Jones Industrial Average fell 4.1% in the last week alone, one of its worst-performing weeks since hitting the lows in March 2009.
Strong corporate earnings results, so far, have failed to impress the market. Whilst the majority of the industry bellwethers that have reported their 4Q09 earnings have beat analysts expectations, it appears that investors are looking for even more. As a result, the good earnings have mostly been ignored as investors turned to other developments for leads. Last week’s sell off was attributed, primarily, to uncertainties resulting from the Obama administration’s proposal to curb risk taking by financial institutions as well as China’s moves to tighten its monetary policy.
On the home front, the FBM KLCI opened weaker and stayed in negative territory. The benchmark index closed four points lower at 1,296.8. Market breadth too was in the red throughout the trading day. At the close, there were roughly eight losing stocks for every five gaining ones. Some of the notable losers were MISC-OR, MISC-09, Genting PLANTATION []s, YTL and MISC.
Market volume dropped to just over 996 million shares. This is the first time trading volume dipped below the one billion mark this year. Talam was the most actively traded counter for the day. Other actives include Focus Dynamics, IRCB, AE Multi and Pentamaster.
It would appear that investors are still relatively confident in the market outlook although they are treading more cautiously. The local bourse will likely continue to take its cues from Wall Street and the regional markets in the coming days.
Asian equity markets dropped Monday, following the sell off in US stocks last week. The closely watched Dow Jones Industrial Average fell 4.1% in the last week alone, one of its worst-performing weeks since hitting the lows in March 2009.
Strong corporate earnings results, so far, have failed to impress the market. Whilst the majority of the industry bellwethers that have reported their 4Q09 earnings have beat analysts expectations, it appears that investors are looking for even more. As a result, the good earnings have mostly been ignored as investors turned to other developments for leads. Last week’s sell off was attributed, primarily, to uncertainties resulting from the Obama administration’s proposal to curb risk taking by financial institutions as well as China’s moves to tighten its monetary policy.
On the home front, the FBM KLCI opened weaker and stayed in negative territory. The benchmark index closed four points lower at 1,296.8. Market breadth too was in the red throughout the trading day. At the close, there were roughly eight losing stocks for every five gaining ones. Some of the notable losers were MISC-OR, MISC-09, Genting PLANTATION []s, YTL and MISC.
Market volume dropped to just over 996 million shares. This is the first time trading volume dipped below the one billion mark this year. Talam was the most actively traded counter for the day. Other actives include Focus Dynamics, IRCB, AE Multi and Pentamaster.
FBM KLCI slides in early trade
KUALA LUMPUR: The FBM KLCI slipped in early trade on Monday, Jan 25, kicking off the new week on a weak note in line with the weaker key Asian markets and the sharp fall on Wall Street last week.
At 9.03am, the FBM KLCI was down 6.42 points to 1,294.03. Turnover was 24.6 million shares valued at RM18.4 million. There were 30 gainers and 143 losers.
SP Setia fell 15 sen to RM4, YTL 12 sen to RM7.41 and MPI 12 sen to RM6.50 while IOI Corplost nine sen to RM5.40. Latexx gave up 11 sen to RM3.71 and HLFG seven sen to RM7.90 and Public Bank foreign six sen lower to RM12.
OSK Investment Research said the FBM KLCI tried very hard to maintain a posture at above the 1,300-mark last Friday following the sharp drop in the US market for the second consecutive session last Thursday. The 1,300-level was previously a formidable resistance created in 2008.
As this level was recently taken out, a close below this level so soon would have disappointed the bulls and may cause the market to even fall further, possibly back towards the 50-day MAV line.
"Anyhow, last Friday's reversal did no harm to the solid uptrend which extends all the way from
last year's low in March.
"At this juncture, as the key index is still a safe distance from re-testing the crucial support line represented by the 50-day MAV line, we maintain our bullish bias," it added.
From the current level, the 1,305-level is the immediate resistance while the next resistance is at the 1,344.5-level. To the downside, the 1,300-level is an important support followed by the 50-day MAV line, which is now situated at the 1,276-level
At 9.03am, the FBM KLCI was down 6.42 points to 1,294.03. Turnover was 24.6 million shares valued at RM18.4 million. There were 30 gainers and 143 losers.
SP Setia fell 15 sen to RM4, YTL 12 sen to RM7.41 and MPI 12 sen to RM6.50 while IOI Corplost nine sen to RM5.40. Latexx gave up 11 sen to RM3.71 and HLFG seven sen to RM7.90 and Public Bank foreign six sen lower to RM12.
OSK Investment Research said the FBM KLCI tried very hard to maintain a posture at above the 1,300-mark last Friday following the sharp drop in the US market for the second consecutive session last Thursday. The 1,300-level was previously a formidable resistance created in 2008.
As this level was recently taken out, a close below this level so soon would have disappointed the bulls and may cause the market to even fall further, possibly back towards the 50-day MAV line.
"Anyhow, last Friday's reversal did no harm to the solid uptrend which extends all the way from
last year's low in March.
"At this juncture, as the key index is still a safe distance from re-testing the crucial support line represented by the 50-day MAV line, we maintain our bullish bias," it added.
From the current level, the 1,305-level is the immediate resistance while the next resistance is at the 1,344.5-level. To the downside, the 1,300-level is an important support followed by the 50-day MAV line, which is now situated at the 1,276-level
CIMB Research maintains Outperform on Public Bank
KUALA LUMPUR: CIMB Equities Research is maintaining its outperform on Public Bank at RM11.98 and a target price of RM14.20, still pegged to a 10% premium over its DDM (dividend discount model) value.
CIMB Research said on Monday, Jan 25 the DDM parameters remain intact, including a cost of equity of 14.3% and dividend growth rates of 15.7% in the interim growth phase and 6% in the long-term growth phase.
"In the event of a rights issue, our target price would be reduced to RM13.30, which may lead to a review of our recommendation," it said.
The research house said Public Bank’s management confirmed that it does not have any immediate plans for a rights issue unless it has to meet a minimum equity capital ratio of 9-10%.
"We rate the chances of this worst-case scenario happening as low. Furthermore, we estimate that the EPS dilution of such a rights issue would only be about 5%-6%. As such, we retain our positive stance on the stock, which is underpinned by the favourable earnings outlook," it said.
CIMB Research said the stock remains an Outperform based on the potential re-rating catalysts of (1) stronger ROEs of 28-30% for FY10-12, as per the company’s target, (2) increased contributions from Greater China, and (3) new growth avenue in the bancassurance business.
CIMB Research said on Monday, Jan 25 the DDM parameters remain intact, including a cost of equity of 14.3% and dividend growth rates of 15.7% in the interim growth phase and 6% in the long-term growth phase.
"In the event of a rights issue, our target price would be reduced to RM13.30, which may lead to a review of our recommendation," it said.
The research house said Public Bank’s management confirmed that it does not have any immediate plans for a rights issue unless it has to meet a minimum equity capital ratio of 9-10%.
"We rate the chances of this worst-case scenario happening as low. Furthermore, we estimate that the EPS dilution of such a rights issue would only be about 5%-6%. As such, we retain our positive stance on the stock, which is underpinned by the favourable earnings outlook," it said.
CIMB Research said the stock remains an Outperform based on the potential re-rating catalysts of (1) stronger ROEs of 28-30% for FY10-12, as per the company’s target, (2) increased contributions from Greater China, and (3) new growth avenue in the bancassurance business.
January 25, 2010
Bursa, BFX to collaborate
MANAMA (BAHRAIN): BURSA MALAYSIA BHD [] and Bahrain Financial Exchange (BFX) have inked a memorandum of understanding (MoU) towards developing a commercial agreement between them to provide financial products to Islamic market participants and strengthen bilateral ties between both organisations.
In a joint statement on Jan 24, they said among other things, the MoU would involve a feasibility study to identify products and market channels based on an already completed needs assessment for this market.
Additionally, the MoU also lays the foundation for both exchanges to jointly work on increasing awareness on investment opportunities in the respective Islamic markets as well as assist each other in further developing the Islamic investment framework across multiple geographies.
The signing ceremony was witnessed by Bank Negara Malaysia deputy governor Datuk Razif Abdul Kadir, Securities Commission Malaysia managing director Datuk Dr Nik Ramlah Nik Mahmud and Central Bank of Bahrain financial institutions supervision executive director Abdul Rahman Al Baker.
Bursa Malaysia CEO Datuk Yusli Mohamed Yusoff, who signed the MoU on behalf of the Malaysian exchange, said it was aimed at “facilitating cross-border development in the Islamic financial markets, widening market reach, exchanging technological expertise and building a sustainable business model for both exchanges.”
“This is a major step towards consolidation in the Islamic finance world. As Malaysia and the Middle East are the leading centres of Islamic finance, and as both exchanges come together on a single platform, this will add to the strength of this industry.
“This initiative will go a long way in addressing the issues of standardisation, innovation and transparency thus providing a new dimension to the Islamic finance market,” he said.
BFX board director Arshad Khan said: “This initiative is a major development for the Islamic finance market where the collaboration will seek to offer a wider risk management portfolio to global Islamic practitioners.”
“By partnering with Bursa Malaysia we can ensure that the products offered are well defined, robust and fully syariah compliant.”
According to their statement, the total number of Islamic banks, investment and financing companies reached 436 in 2009 with 180 Islamic banks functioning in over 39 countries, while a total of 91 conventional banks across the world have Islamic windows.
Globally, Islamic financial institutions’ assets are estimated to be around US$750 billion (RM2.56 trillion).
In a joint statement on Jan 24, they said among other things, the MoU would involve a feasibility study to identify products and market channels based on an already completed needs assessment for this market.
Additionally, the MoU also lays the foundation for both exchanges to jointly work on increasing awareness on investment opportunities in the respective Islamic markets as well as assist each other in further developing the Islamic investment framework across multiple geographies.
The signing ceremony was witnessed by Bank Negara Malaysia deputy governor Datuk Razif Abdul Kadir, Securities Commission Malaysia managing director Datuk Dr Nik Ramlah Nik Mahmud and Central Bank of Bahrain financial institutions supervision executive director Abdul Rahman Al Baker.
Bursa Malaysia CEO Datuk Yusli Mohamed Yusoff, who signed the MoU on behalf of the Malaysian exchange, said it was aimed at “facilitating cross-border development in the Islamic financial markets, widening market reach, exchanging technological expertise and building a sustainable business model for both exchanges.”
“This is a major step towards consolidation in the Islamic finance world. As Malaysia and the Middle East are the leading centres of Islamic finance, and as both exchanges come together on a single platform, this will add to the strength of this industry.
“This initiative will go a long way in addressing the issues of standardisation, innovation and transparency thus providing a new dimension to the Islamic finance market,” he said.
BFX board director Arshad Khan said: “This initiative is a major development for the Islamic finance market where the collaboration will seek to offer a wider risk management portfolio to global Islamic practitioners.”
“By partnering with Bursa Malaysia we can ensure that the products offered are well defined, robust and fully syariah compliant.”
According to their statement, the total number of Islamic banks, investment and financing companies reached 436 in 2009 with 180 Islamic banks functioning in over 39 countries, while a total of 91 conventional banks across the world have Islamic windows.
Globally, Islamic financial institutions’ assets are estimated to be around US$750 billion (RM2.56 trillion).
FBM KLCI slides in early trade
KUALA LUMPUR: The FBM KLCI slipped in early trade on Monday, Jan 25, kicking off the new week on a weak note in line with the weaker key Asian markets and the sharp fall on Wall Street last week.
At 9.03am, the FBM KLCI was down 6.42 points to 1,294.03. Turnover was 24.6 million shares valued at RM18.4 million. There were 30 gainers and 143 losers.
SP Setia fell 15 sen to RM4, YTL 12 sen to RM7.41 and MPI 12 sen to RM6.50 while IOI Corplost nine sen to RM5.40. Latexx gave up 11 sen to RM3.71 and HLFG seven sen to RM7.90 and Public Bank foreign six sen lower to RM12.
OSK Investment Research said the FBM KLCI tried very hard to maintain a posture at above the 1,300-mark last Friday following the sharp drop in the US market for the second consecutive session last Thursday. The 1,300-level was previously a formidable resistance created in 2008.
As this level was recently taken out, a close below this level so soon would have disappointed the bulls and may cause the market to even fall further, possibly back towards the 50-day MAV line.
"Anyhow, last Friday's reversal did no harm to the solid uptrend which extends all the way from
last year's low in March.
"At this juncture, as the key index is still a safe distance from re-testing the crucial support line represented by the 50-day MAV line, we maintain our bullish bias," it added.
From the current level, the 1,305-level is the immediate resistance while the next resistance is at the 1,344.5-level. To the downside, the 1,300-level is an important support followed by the 50-day MAV line, which is now situated at the 1,276-level.
At 9.03am, the FBM KLCI was down 6.42 points to 1,294.03. Turnover was 24.6 million shares valued at RM18.4 million. There were 30 gainers and 143 losers.
SP Setia fell 15 sen to RM4, YTL 12 sen to RM7.41 and MPI 12 sen to RM6.50 while IOI Corplost nine sen to RM5.40. Latexx gave up 11 sen to RM3.71 and HLFG seven sen to RM7.90 and Public Bank foreign six sen lower to RM12.
OSK Investment Research said the FBM KLCI tried very hard to maintain a posture at above the 1,300-mark last Friday following the sharp drop in the US market for the second consecutive session last Thursday. The 1,300-level was previously a formidable resistance created in 2008.
As this level was recently taken out, a close below this level so soon would have disappointed the bulls and may cause the market to even fall further, possibly back towards the 50-day MAV line.
"Anyhow, last Friday's reversal did no harm to the solid uptrend which extends all the way from
last year's low in March.
"At this juncture, as the key index is still a safe distance from re-testing the crucial support line represented by the 50-day MAV line, we maintain our bullish bias," it added.
From the current level, the 1,305-level is the immediate resistance while the next resistance is at the 1,344.5-level. To the downside, the 1,300-level is an important support followed by the 50-day MAV line, which is now situated at the 1,276-level.
FBM KLCI futures remain in consolidation mode
THE FTSE Bursa Malaysia Kuala Lumpur Composite Index futures (FBM KLCI) January contract on Bursa Malaysia Derivatives closed at 1,295.50 with an open interest of 19,083 contracts last week.
By the close of trading last week, many wondered whether the appearance of the "doji" pattern on the daily chart is a sign of things to come this week. Those who have been looking for an opportunity to go "long" in the market are certainly viewing this transitory candlestick pattern as a healthy development. The pullback from the high of 1,307 had been very well supported above the 1,300 level up until last Friday.
Technically, the pullback trend on the daily chart did not raise any alarm as to an increased risk of a major correction. Instead, the decline has once again pushed the momentum to the oversold, inciting some pressure for a technical rebound. The transgression into the oversold territories on the Commodity Channel Index is not surprising.
The weekly chart, however, suggests that the spot contract could move into a more consolidative pattern this week ahead of support on the mid Bollinger Band. This could reduce the aggression of the sellers this week as those with structural positions in the market could take this as entry opportunity. This could dictate the trading strategy for the weeks to some as the rising weekly pattern is likely to plateau.
Tactically, our call of a mild sustained rise could take effect this week only if the futures spot contract continue to stay above the 1,280 level. The oscillators are still retreating but look out for build-up in volume to confirm any rebound potential.
By the close of trading last week, many wondered whether the appearance of the "doji" pattern on the daily chart is a sign of things to come this week. Those who have been looking for an opportunity to go "long" in the market are certainly viewing this transitory candlestick pattern as a healthy development. The pullback from the high of 1,307 had been very well supported above the 1,300 level up until last Friday.
Technically, the pullback trend on the daily chart did not raise any alarm as to an increased risk of a major correction. Instead, the decline has once again pushed the momentum to the oversold, inciting some pressure for a technical rebound. The transgression into the oversold territories on the Commodity Channel Index is not surprising.
The weekly chart, however, suggests that the spot contract could move into a more consolidative pattern this week ahead of support on the mid Bollinger Band. This could reduce the aggression of the sellers this week as those with structural positions in the market could take this as entry opportunity. This could dictate the trading strategy for the weeks to some as the rising weekly pattern is likely to plateau.
Tactically, our call of a mild sustained rise could take effect this week only if the futures spot contract continue to stay above the 1,280 level. The oscillators are still retreating but look out for build-up in volume to confirm any rebound potential.
Ulasan pasaran: Indeks FBM KLCI catat lonjakan
Kenaikan saham mewah tiga minggu berturut-turut cecah 1,300.45 mata
BURSA Malaysia diselubungi kegiatan pengambilan untung minggu lalu sejajar dengan pembetulan yang berlaku di pasaran Amerika Syarikat (AS) dan serantau selepas China melaksanakan dasar menyekat pertumbuhan pembiayaan manakala Presiden Barack Obama pula mencadangkan langkah untuk menyekat pengambilan risiko di kalangan bank AS.
Bagaimanapun, Indeks Komposit Kuala Lumpur FTSE Bursa Malaysia (FBM KLCI) melonjak tinggi susulan kenaikan saham mewah seperti Axiata (+26 sen kepada RM3.43) dan Public Bank (+34 sen kepada RM11.98) yang menampung kejatuhan dialami Genting Bhd (-31 sen), IOI Corp (-8.0 sen), Sime Darby (-8.0 sen) dan CIMB (-10 sen).
Indeks berkenaan mencatat kenaikan bagi tempoh tiga minggu berturut-turut apabila ia menambah 1.87 mata atau 0.14 peratus untuk berakhir pada 1,300.45 mata.
Purata dagangan harian dan nilainya bagaimanapun turun kepada 1.2 bilion saham bernilai RM1.5 bilion, berbanding 1.6 bilion saham bernilai RM1.8 bilion yang dicatat minggu sebelumnya.
Minggu lalu, pasaran AS dikejutkan cadangan Obama untuk melaksanakan had saiz institusi kewangan dan mengharamkan institusi berkenaan daripada terbabit dalam aktiviti pelaburan berisiko termasuk dana lindung nilai dan dagangan bagi pihak pemilik.
Kejutan ini menambah kepada kebimbangan yang sedia dihadapi pasaran Asia sebelum ini terhadap kemungkinan kejatuhan ekonomi yang lebih besar selepas China memberi isyarat untuk beralih kepada dasar kecairan yang ketat.
Pihak berkuasa China sudah memberi isyarat kepada beberapa institusi perbankannya untuk menangguhkan pemberian pinjaman baru yang berkembang dua kali ganda pada 2009 kepada 9.6 renminbi hingga berjaya meningkatkan ekonomi republik itu sebanyak 8.7 peratus, 0.7 peratus lebih tinggi berbanding unjuran rasmi.
Dengan meningkatnya kebimbangan berlaku pemeluapan dalam ekonomi republik itu, China mahu mengetatkan dasar kewangannya, dan akibatnya dasar mata wang yang ketat tidak boleh dielakkan.
Keadaan ini tidak mengejutkan kerana kemungkinan ini telah diberi gambaran sejak dua bulan lalu.
Namun, apa yang menarik untuk diperhatikan adalah apakah maklum balas pihak berkuasa kewangan Malaysia memandangkan pengalaman lalu menunjukkan terdapat hubungan yang positif antara kedua-dua mata wang ringgit dan renminbi.
Dalam pada itu, sudah diketahui umum bahawa inflasi tahun lalu iaitu sebanyak 0.6 peratus, dianggarkan akan meningkat dua kali ganda tahun ini.
Membenarkan kenaikan ringgit mungkin boleh menjadi keputusan yang betul yang bukan hanya boleh mengawal tekanan inflasi, tetapi mengembalikan kuasa beli pengguna yang sudah sedia terjejas yang mana sepanjang sedekad lalu pengguna 'memberikan subsidi' kepada kerajaan, pengeksport dan pengilang.
Pemansuhan subsidi juga seharusnya dilaksanakan bersama-sama.
Nilai mata wang yang kukuh adalah positif kerana ia menarik aliran masuk modal baru, dan memberi manfaat kepada mereka yang menjana jualan, kandungan import dan pinjaman mata wang asing yang tinggi, seperti Astro, Tenaga Nasional Bhd (TNB) dan Telekom Malaysia Bhd.
Nilai ringgit yang kukuh juga membantu syarikat seperti TNB untuk mendapat harga yang rendah bagi arang batu, manakala syarikat seperti Proton seharusnya mencari pendekatan baru untuk meningkatkan kualiti dan meneroka pasaran baru menerusi usaha sama.
Ada ura-ura yang Proton sudah mendapat rakan kongsi strategik dan pengumumannya mungkin akan diperoleh seawal Mac ini.
Minggu ini penanda aras FBM KLCI mungkin tidak berganjak daripada kedudukannya disebabkan oleh ketiadaan petunjuk positif.
Bank Negara Malaysia pula dijangka akan mengekalkan Kadar Dasar Semalaman pada dua peratus pada mesyuarat jawatankuasanya hari ini.
BURSA Malaysia diselubungi kegiatan pengambilan untung minggu lalu sejajar dengan pembetulan yang berlaku di pasaran Amerika Syarikat (AS) dan serantau selepas China melaksanakan dasar menyekat pertumbuhan pembiayaan manakala Presiden Barack Obama pula mencadangkan langkah untuk menyekat pengambilan risiko di kalangan bank AS.
Bagaimanapun, Indeks Komposit Kuala Lumpur FTSE Bursa Malaysia (FBM KLCI) melonjak tinggi susulan kenaikan saham mewah seperti Axiata (+26 sen kepada RM3.43) dan Public Bank (+34 sen kepada RM11.98) yang menampung kejatuhan dialami Genting Bhd (-31 sen), IOI Corp (-8.0 sen), Sime Darby (-8.0 sen) dan CIMB (-10 sen).
Indeks berkenaan mencatat kenaikan bagi tempoh tiga minggu berturut-turut apabila ia menambah 1.87 mata atau 0.14 peratus untuk berakhir pada 1,300.45 mata.
Purata dagangan harian dan nilainya bagaimanapun turun kepada 1.2 bilion saham bernilai RM1.5 bilion, berbanding 1.6 bilion saham bernilai RM1.8 bilion yang dicatat minggu sebelumnya.
Minggu lalu, pasaran AS dikejutkan cadangan Obama untuk melaksanakan had saiz institusi kewangan dan mengharamkan institusi berkenaan daripada terbabit dalam aktiviti pelaburan berisiko termasuk dana lindung nilai dan dagangan bagi pihak pemilik.
Kejutan ini menambah kepada kebimbangan yang sedia dihadapi pasaran Asia sebelum ini terhadap kemungkinan kejatuhan ekonomi yang lebih besar selepas China memberi isyarat untuk beralih kepada dasar kecairan yang ketat.
Pihak berkuasa China sudah memberi isyarat kepada beberapa institusi perbankannya untuk menangguhkan pemberian pinjaman baru yang berkembang dua kali ganda pada 2009 kepada 9.6 renminbi hingga berjaya meningkatkan ekonomi republik itu sebanyak 8.7 peratus, 0.7 peratus lebih tinggi berbanding unjuran rasmi.
Dengan meningkatnya kebimbangan berlaku pemeluapan dalam ekonomi republik itu, China mahu mengetatkan dasar kewangannya, dan akibatnya dasar mata wang yang ketat tidak boleh dielakkan.
Keadaan ini tidak mengejutkan kerana kemungkinan ini telah diberi gambaran sejak dua bulan lalu.
Namun, apa yang menarik untuk diperhatikan adalah apakah maklum balas pihak berkuasa kewangan Malaysia memandangkan pengalaman lalu menunjukkan terdapat hubungan yang positif antara kedua-dua mata wang ringgit dan renminbi.
Dalam pada itu, sudah diketahui umum bahawa inflasi tahun lalu iaitu sebanyak 0.6 peratus, dianggarkan akan meningkat dua kali ganda tahun ini.
Membenarkan kenaikan ringgit mungkin boleh menjadi keputusan yang betul yang bukan hanya boleh mengawal tekanan inflasi, tetapi mengembalikan kuasa beli pengguna yang sudah sedia terjejas yang mana sepanjang sedekad lalu pengguna 'memberikan subsidi' kepada kerajaan, pengeksport dan pengilang.
Pemansuhan subsidi juga seharusnya dilaksanakan bersama-sama.
Nilai mata wang yang kukuh adalah positif kerana ia menarik aliran masuk modal baru, dan memberi manfaat kepada mereka yang menjana jualan, kandungan import dan pinjaman mata wang asing yang tinggi, seperti Astro, Tenaga Nasional Bhd (TNB) dan Telekom Malaysia Bhd.
Nilai ringgit yang kukuh juga membantu syarikat seperti TNB untuk mendapat harga yang rendah bagi arang batu, manakala syarikat seperti Proton seharusnya mencari pendekatan baru untuk meningkatkan kualiti dan meneroka pasaran baru menerusi usaha sama.
Ada ura-ura yang Proton sudah mendapat rakan kongsi strategik dan pengumumannya mungkin akan diperoleh seawal Mac ini.
Minggu ini penanda aras FBM KLCI mungkin tidak berganjak daripada kedudukannya disebabkan oleh ketiadaan petunjuk positif.
Bank Negara Malaysia pula dijangka akan mengekalkan Kadar Dasar Semalaman pada dua peratus pada mesyuarat jawatankuasanya hari ini.
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About Me
- Nuang
- Ibrahim bin Ramli@Nuang started his career with CIMB Wealth Advisors Berhad as Agency Manager in April, 2008.Previously he was an Internal Auditors and Accounts Executive with Perodua Sales Sdn Bhd since 17 August, 1994. His background:- 1.Certified of Achievement for Master Sales Leadership from Dr Lawrence Walter Ng of President of The Art Of Learning and International Of Learning Without Learning 2.Certified for eXtra Ordinary Performance of Lawrence Walter Award Certificate for One Million Ringgit Club 2007 3. Certified Life & General insurances 4. Conferred with Diploma in Business Studiess & Bachelor of Business Admin(Hons)Finance from UiTM, Terengganu Branch & Shah Alam respectively;
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