Daily Bread | 24 April 2014
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PP7766/03/2013 (032116)
24 April 2014
Malaysian news highlights
Axiata Group: Indonesian unit to seek new funds to refinance debts
UMW Oil & Gas Corp: May buy more jack-up rigs to tap demand
SP Setia: Confirms Liew transferred 67.79m shares to PNB
DRB-Hicom: Proton eyes China production
Alam Maritim Resources: Quek and Poh emerge as substantial shareholders
Cypark Resources: Chua Ma Yu’s son emerges as substantial shareholder
Barakah Offshore Petroleum: Wins RM260m contract from PetGas
Bintai Kinden Corp: Unit gets RM175m job
Utilities: Water players have until end of this week to accept Selangor’s offer
Media: MAA: Adex to grow by up to 9%
Global news highlights
US: Housing rebound losing steam as prices rise
US: Factory activity expands in April, pace stalls
EU: Factory surveys rise as price weakness persists
China: Factory activity shrinks for fourth month
Japan: Kuroda says Bank of Japan won’t take on debt-servicing role
Thailand: Central bank refrains from rate cut as unrest persists
FBMKLCI: 1,867.35
+ 0.93 (+ 0.05 %)
Daily Bread
Market indices and statistics
Indices Last
Daily
chg %
YTD
chg %
Malaysia
FBM KLCI
1,867.4
0.0
0.0
FBM Emas 12,968.7 0.0 0.9
FBM Syariah 13,195.5 0.0 1.1
FBM Small Cap 17,791.1 -0.4 13.4
FBM ACE
6,926.2
-0.2
22.0
Dow Jones 16,501.7 -0.1 -0.5
S&P 500 1,875.4 -0.2 1.5
Nasdaq 4,127.0 -0.8 -1.2
FTSE
6,674.7
-0.1
-1.1
Nikkei 14,546.3 1.1 -10.7
Hang Seng 22,509.6 -1.0 -3.4
Strait Times 3,258.0 -0.6 2.9
PSEi Exchange
6,769.5
-0.2
14.9
Bangkok SET
1,423.4
0.6
9.6
JSX Composite 4,893.1 -0.1 14.5
Market Turnover
Vol (m shrs) 2,233.7
Value (RMm)
2,097.6
Top 5 value Last
Daily
chg %
Value
(RM m)
TNB 11.94 0.0 126.4
Public Bank
20.28
-0.5
121.4
Maybank 10.00 0.1 98.4
Axiata Group 6.63 0.3 91.5
Sime Darby 9.30 0.3 76.1
Currencies
Last
Daily
chg
Daily
chg %
RM/USD
3.2671
0.0004
0.0
RM/£ 5.4903 -0.0061 -0.1
RM/100 Yen 3.1848 0.0011 0.0
RM/€ 4.5211 0.0101 0.2
RM/SGD
2.5996
-0.0019
-0.1
RM/CNY 0.5235 -0.0004 -0.1
Commodities and futures
Last
Daily
chg
Daily
chg %
KLCI (1
st
month) 1,862.5 -4.5 -0.2
CPO (3
rd
month) 2,651.0 -32.0 -1.2
WTI (1
st
month)
101.7
-0.4
-0.4
Gold (spot) 1,283.9 0.1 0.0
FBMKLCI Chart
Daily Bread | 24 April 2014
2
MALAYSIAN NEWS
Axiata Group: Indonesian unit to seek new funds to refinance debts
PT XL Axiata Tbk (XL Axiata), a unit of Axiata Group, is seeking new funds to refinance its debt
of IDR1.7trn (RM500m) in the second half of this year. Kontan, a local Indonesia finance and
business newspaper, quoted XL Axiata finance director Mohadmed Adlan as saying after he
company annual general meeting that it had approached a few banks for new funds.
However, he did not specify the banks. XL Axiata was reported to have amassed IDR24.97trn
in debts as at the end of last year. Kontan also added that XL Axiata was trying to sell its BTS
building as well as another building owned by PT Axis. XL Axiata director Hasnal Suhaimi was
quoted as saying there were some discussions with interest parties. (Financial Daily)
UMW Oil & Gas Corp: May buy more jack-up rigs to tap demand
UMW Oil & Gas Corp (UMWOG) may buy more jack-up rigs to tap rising demand as it bids for
USD1.1bn (RM3.59bn) worth of contracts in South-East Asia this year. The company has four
drilling rigs, which would be doubled to eight by 2015, president Rohaizad Darus said in a
Bloomberg interview. It expected delivery of its fifth as early as next week, he said. UMWOG
is seeking to tap a surge in orders spurred by countries in South East-Asia looking to develop
domestic marginal oilfields which were once considered commercially unattractive. “There is
still some more room for growth,” Rohaizad said. “We would only buy if a great opportunity
presents itself.” (StarBiz)
SP Setia: Confirms Liew transferred 67.79m shares to PNB
SP Setia has confirmed its former president and CEO Tan Sri Liew Kee Sin had disposed of his
67.79m shares in the property company. SP Setia said yesterday Liew had transferred the
shares, representing a 2.75% stake, to Permodalan Nasional Bhd (PNB) on Tuesday. The
transfer of the shares at RM3.95 each was pursuant to the exercise of three sevenths of the
SP Setia shares under the put option in the management agreement dated Jan 20, 2012.
(StarBiz)
DRB-Hicom: Proton eyes China production
Proton Holdings Bhd is looking at manufacturing cars in China, riding on the success and
future growth of the Lotus marque in the region, says former Prime Minister Tun Dr
Mahathir Mohamad. Dr Mahathir, who is a Proton adviser, said the company is looking at
partnerships in China to start producing the cars soon. Proton has been in China since 2007,
under a strategic partnership with Youngman Automobile Group, where it receives royalties
from the Chinese company in exchange for the usage of its engines. Proton, a wholly-owned
subsidiary of DRB-Hicom, owns 100% of Norfolk-based Group Lotus Plc which sold about 150
cars last year in China. (Business Times)
Alam Maritim Resources: Quek and Poh emerge as substantial shareholders
Tycoon Tan Sri Quek Leng Chan and Paul Poh Yang Hong, via their private vehicles Caprice
Capital Intl Ltd and Associated Land Sdn Bhd, have emerged as substantial shareholders in
Alam Maritim Resources with 123m shares, or a 15.35% stake. In a filing with Bursa Malaysia,
Alam Maritim said it had signed a subscription agreement with Caprice and Associated Land
yesterday for the two companies to subscribe to 123m new shares, representing 15.35% of
the existing issued share capital for RM166.05m cash or RM1.35 apiece. The offshore vessel
provider plans to use proceeds raised from the proposed share issuance to buy one unit of
offshore support vessel and/or for working capital (RM61.7m), to repay bank borrowings
(RM95.08m) and expenses related to the exercise (RM3.8m). (Financial Daily)
Daily Bread | 24 April 2014
3
Cypark Resources: Chua Ma Yu’s son emerges as substantial shareholder
Tan Sri Chua Ma Yu’s son, Chua Sai Men, has emerged as a substantial shareholder of Cypark
Resources. A filing with Bursa Malaysia showed that Sai Men, 27, had on the same day
acquired 9.21m shares in Cypark in the open market, equivalent to a 5.1% equity interest in
the company. The purchase came amid renewed investors’ interest in Cypark, which saw its
share price having shot up 71% in the past year. According to Cypark’s 2013 financial year
end annual report, Sai Men owned about 4.84m shares or a 2.68% stake. However it is not
known when he had sold off this stake because the filing with Bursa indicated that his total
holding of 9.21m shares came solely from yesterday’s purchase. (Financial Daily)
Barakah Offshore Petroleum: Wins RM260m contract from PetGas
Having recently secured a contract from GOM Resources Sdn Bhd for pre-commissioning
services for a 282km pipeline, Barakah Offshore Petroleum yesterday clinched another major
contract. In a filing with Bursa Malaysia, Barakah said is wholly-owned subsidiary, PBJV
Group Sdn Bhd, together with its consortium partner, CPM Construction Sdn Bhd, has
secured a RM260m contract from Petronas Gas (PetGas) for the procurement, construction
and commissioning of the Pengerang pipeline. Works will commence immediately and are
scheduled to be completed by the second quarter of 2016. Barakah said PBJV has 50% share
of the liabilities and obligations of the contract and 50% share of the benefits and profit to be
derived from the contract by the consortium. (Financial Daily)
Bintai Kinden Corp: Unit gets RM175m job
Bintai Kindenko Pte Ltd, a 69.82% owned subsidiary of Bintai Kinden Corp (BKCB) has secured
a subcontract for a project known as Mapletree Business City2 in Singapore. In a filing with
Bursa Malaysia, BKCB said Shimizu Corp, incorporated in Japan, had awarded the project to
Bintai Kindenko to perform as subcontractor for the redevelopment of an existing 10-storey
building into a 30-storey business park development on Alexandra Terrace/Pasir Panjang
Road. The project is expected to be completed April 20, 2016, and will not have any material
financial impact on the earnings, net assets and gearing of BKCB for the financial year ending
March 31, 2015. (Financial Daily)
Utilities: Water players have until end of this week to accept Selangor’s offer
Selangor’s four water concessionaires have until the end of this week to decide whether to
accept the state government’s offer of RM9.65bn to stake over their assets which was
extended by the federal government, said Selangor Menteri Besar Tan Sri Khalid Ibrahim. An
earlier offer by the statement government to the water concessionaires expired on March
10, which saw three of the four rejecting the offer. Following this, Energy, Green Technology
and Water Minister Datuk Seri Dr Maximus Ongkili had stepped in to give more time for
Selangor and the water concessionaires to reach amicable terms before the federal
government moves to invoke Section 114 of the Water Services Industry Act 2006 (WASIA);
which gives them the right to assume control of the water productions and management in a
state. Khalid said the concessionaires have another “two to three days left” to make up their
minds as both the federal and state governments are currently putting down on paper the
terms and conditions for implementation of the Act. (Financial Daily)
Media: MAA: Adex to grow by up to 9%
The Malaysian Advertisers Association (MAA) expects the advertising expenditure (adex) to
grow at a steady pace of between 5% and 9% this year. MAA’s newly-appointed president
Margaret Au-Yong said this is in line with the country’s gross domestic product projected
growth of between 5% and 5.5% this year. “Although the advertising activity is seen to grow
at a slightly slower pace this year as the advertisers were more cautious on their ad
spending, the adex growth is seen to be very healthy,” she said. Speaking after the MAA’s
annual general meeting yesterday, Au-Yong said that digital and social media is also expected
to benefit from the adex growth this year. (Business Times)
Daily Bread | 24 April 2014
4
GLOBAL NEWS
US: Housing rebound losing steam as prices rise
The housing recovery in the US is running out of steam as buyers balk at record prices and
higher mortgage rates that are making properties less affordable. Sales dropped a surprising
14.5% to a 384,000 annualized pace, lower than any forecast of economists surveyed by
Bloomberg and the weakest since July, Commerce Department data showed today in
Washington. Three of the four regions saw setbacks, with demand in the West slumping to
the lowest level in more than two years. (Bloomberg)
US: Factory activity expands in April, pace stalls
The US manufacturing sector expanded in April though the rate of growth was slightly lower
than expected as inventories fell, but factory output growth hit its fastest pace in three
years, an industry report showed on Wednesday. Financial data firm Markit said its
preliminary or "flash" U.S. Manufacturing Purchasing Managers Index dipped to 55.4 in April
from 55.5 in March. Economists polled by Reuters expected a reading of 56.0. (Reuters)
EU: Factory surveys rise as price weakness persists
Euro-area services and manufacturing expanded faster than economists forecast in April,
indicating the economy continued to strengthen at the start of the second quarter. A
composite index based on a survey of purchasing managers in both industries rose to 54 in
April from 53.1 in March, London-based Markit Economics said today. That exceeded the
median estimate of 53.0 in a Bloomberg News survey of economists and was the highest
reading in almost three years. A reading above 50 indicates expansion. (Bloomberg)
China: Factory activity shrinks for fourth month
China's factory activity shrank for the fourth straight month in April, signaling economic
weakness into the second quarter, a preliminary survey showed on Wednesday, although the
pace of decline eased helped by policy steps to arrest the slowdown. The HSBC/Markit flash
Purchasing Managers Index (PMI) for April rose to 48.3 from March's final reading of 48.0,
but was still below the 50 line separating expansion from contraction.
Japan: Kuroda says Bank of Japan won’t take on debt-servicing role
Governor Haruhiko Kuroda said the Bank of Japan won’t buy bonds just to keep down
government debt-servicing costs after it achieves stable 2% inflation. “If we reach our target
and prices are stable, we have no intention of moving away from our goal and implementing
policy to reduce debt servicing costs,” Kuroda said in parliament today in response to a
question from opposition lawmaker and former Economy Minister Seiji Maehara, who said
“the BOJ could be smacked around and told to do something” if yields rise. (Bloomberg)
Thailand: Central bank refrains from rate cut as unrest persists
Thailand kept its key interest rate unchanged today, pausing after a cut last month as the
central bank assessed the impact of the reduction and a political deadlock on the economy.
The Bank of Thailand held its one-day bond repurchase rate at 2%, with monetary policy
committee members voting six-to-one in favor of the decision, it said in Bangkok today.
Eighteen of 19 economists in a Bloomberg News survey predicted the outcome, with one
expecting a quarter percentage point cut. (Bloomberg)
Daily Bread | 24 April 2014
5
ECONOMIC CALENDAR
Country
Details
Date
Period
Median Forecast
Prior
United States US Durable Goods Orders 24-Apr-14 Mar 2.0 2.2
United States US Initial Jobless Claims 24-Apr-14 Apr 19 313,000 304,000
United States
US Continuing Claims
24-Apr-14
Apr 12
2745,000
2739,000
United States University of Michigan Confidence 25-Ap-14 Mar 83.0 82.6
United States US Pending Home Sales m-o-m 28-Apr-14 Mar 0.60 -0.80
Eurozone EU Economic Confidence 29-Apr-14 Apr - 102.4
Eurozone EU Consumer Confidence 29-Apr-14 Apr - -
United States US S&P/CaseShiller Home Price Index 29-Apr-14 Feb - 165.5
United States US Consumer Confidence 29-Apr-14 Apr 83.2 82.3
CORPORATE CALENDAR
Financial results
Company Financial quarter Announcement date Analyst briefing / teleconference date
British American Tobacco 1QFY14 24-Apr-14
DiGi.com 1QFY14 25-Apr-14 Teleconference on 25 Apr
Corporate Actions
Company Particulars Price
Date
announced Ex-date
Prestariang Proposed bonus issue of 220m new ordinary shares (1:1) - 20-Feb-14 30-Apr-14
Censof Holdings Issuance of redeemable convertible notes with an aggregate principal amount of
up to RM100m
TBA 14-May-13 TBA
Naim Indah
Corporation
Rights issue of up to 702m new shares (1:1) together with up to 842.4m free
new detachable warrants (6:5)
RM0.143/share;
RM0.10/warrant
10-Jun-13 TBA
Ireka Corporation Proposed selective capital reduction and repayment resulting in the privatisation
Olymvest Sdn Bhd
- 14-Jun-13 TBA
Kumpulan Europlus Renounceable rights issue of up to 430m ordinary shares (3:4) together with up
to 215m free detachable warrants (1:2)
TBA 12-Aug-13 TBA
Green Ocean
Corporation
Issuance of 50.6m free warrants (1:4) - 26-Aug-13 TBA
DPS Resources Par value reduction of RM0.40/share - 13-Sep-13 TBA
DPS Resources Renounceable rights issue of up to 660m ordinary shares (2:1) together with up
to 396m free warrants (3:5)
TBA 13-Sep-13 TBA
Y&G Corporation Renounceable rights issue of up to 30.8m ordinary shares (2:10) together with
up to 15.4m free warrants (2:1)
TBA 17-Sep-13 TBA
Y&G Corporation Bonus issue of up to 15.4m warrants (1:10) TBA 17-Sep-13 TBA
Integrated Rubber
Corporation
Par value reduction of RM0.15/share
-
30-Sep-13
TBA
QL Resources
Bonus issue of up to 249.6m Bonus Shares and issuance of up to 166.4m Rights
Shares
-
7-Nov-13
TBA
Boilermech Holdings
Proposed bonus issue of 258m new ordinary shares (1:1)
-
8-Nov-13
TBA
Seacera Group
Bonus issue of up to 42.6m ordinary shares (1:3)
RM1.00/share
11-Nov-13
TBA
Seacera Group
Issuance of up to 42.6m free warrants (1:3)
-
11-Nov-13
TBA
Utusan Melayu Renounceable two-call rights issue of up to 110.7m new ordinary shares of
RM1.00 each (1:1)
RM1.00/share 12-Nov-13 TBA
AHB Holdings Proposed renounceable rights issue of up to 106.7m new ordinary shares of RM
0.20 each (2:1) together with up to 71.1m free detachable new warrants (2:3)
RM0.20/share 15-Nov-13 TBA
Kian Joo Can Factory Receipt of offer from Aspire Insight Sdn Bhd to acquire the entire business and
undertaking
- 25-Nov-13 TBA
Ecofirst Consolidated Proposed capital reduction of RM0.40 of par value each ordinary share;
proposed new issue of up to 80m new shares of RM0.10; proposed issue of up
to 65m free warrants (1:10)
RM0.10/share 28-Nov-13 TBA
Daily Bread | 24 April 2014
6
Corporate Actions
Company Particulars Price
Date
announced Ex-date
Nagamas
International
Proposed par value reduction of RM0.75 per ordinary share; proposed
renounceable rights issue of up to 101.8m new ordinary shares (2:1) together
with 76.3m free detachable warrants (3:4)
RM0.25/share 2-Dec-13 TBA
Help International
Corporation
Notice of conditional voluntary takeover by Better Education Enterprise Sdn Bhd
for cash offer price RM2.53 per share
- 5-Dec-13 TBA
iDimension
Consolidated
Proposed issuance of up to RM20m Redeemable Convertible Preference shares RM1.00/RCPS 6-Dec-13 TBA
Al-Hadharah
Boustead REIT
Selective unit redemption at RM1.94 for all units except held by Boustead
Plantations
- 11-Dec-13 TBA
Protasco
Proposed bonus issue of up to 33.5m free warrants (1:10)
-
12-Dec-13
TBA
I-Berhad Proposed share split involving the subdivision of every 1 existing ordinary into 2
ordinary shares
- 20-Dec-13 TBA
I-Berhad Renounceable rights issue together with free detachable warrants to raise gross
proceeds of up to RM200m
TBA 20-Dec-13 TBA
I-Berhad Proposed bonus issue of new shares (1:5) - 20-Dec-13 TBA
Tebrau Teguh Proposed renounceable rights issue of up to 669.7m ordinary shares (1:1)
together with up to 334.9 free detachable warrants (1:2)
- 26-Dec-13 TBA
Perak Corporation Proposed selective capital reduction and repayment of approximately
RM183.7m or RM3.90 per share to entitled shareholders
- 15-Jan-14 TBA
Yinson Holdings Proposed renounceable rights issue to raise gross proceeds of up to RM600m,
followed by increase in authorised share capital, and share split of 1 share into 2
ordinary shares of RM0.50 each
- 24-Jan-14 TBA
KNM Group Proposed par value reduction of RM0.50/share - 27-Jan-14 TBA
Furniweb Industrial
Products
Proposed renounceable rights issue of up to 54.4m new ordinary shares (3:5);
with 54.4m free detachable warrants (1:1)
RM0.55/share 29-Jan-14 TBA
Ekovest Proposed share split involving the subdivision of 1 ordinary share into 2 new
ordinary shares
- 29-Jan-14 TBA
Ekovest Proposed renounceable rights issue of 244.4m new ordinary shares (2:5),
together with 122.2m free detachable warrants (1:5)
- 29-Jan-14 TBA
Thong Guan
Industries
Proposed renounceable rights issue of up to RM52.6m nominal value of 5-year
5.00% ICULS (RM1.00 ICULS:2); together with up to 26.3m warrants (1:2 ICULS)
- 6-Feb-14 TBA
P.I.E. Industrial Proposed bonus issue of up to 12.8m new ordinary shares (1:5) - 21-Feb-14 TBA
Global Oriental Proposed par value reduction of RM0.50/share - 24-Feb-14 TBA
Global Oriental Proposed renounceable rights issue of 227.3m new ordinary shares (1:1),
together with 113.7m free detachable warrants (1:2)
- 24-Feb-14 TBA
Ken Holdings Proposed share split involving the subdivision of every 1 existing ordinary into 2
ordinary shares
- 24-Feb-14 TBA
Sanichi Technology Proposed renounceable rights issue of up to 644.9m new ordinary shares
together with up to 429.9m free detachable warrants (2:2)
RM0.10/share 26-Feb-14 TBA
Fajarbaru Builder
Group
Proposed renounceable rights issue of up to 120.6m new ordinary shares (1:2),
together with up to 120.6m free detachable warrants (1:1)
TBA 26-Feb-14 TBA
Ireka Corporation Proposed renounceable two-call rights issue of 57.0m new ordinary shares (1:2),
together with 57.0m free detachable warrants (1:1)
TBA 27-Feb-14 TBA
Xingquan Int’l Sports
Holdings Ltd
Proposed bonus issue of up to 169.0m warrants (1:2) TBA 27-Feb-14 TBA
SMPC Corporation Proposed renounceable two-call rights issue of up to 300.4m new ordinary
shares (2:2), together with up to 150.2m free detachable warrants (1:2)
RM1.00/share 27-Feb-14 TBA
Aeon Co (M) Proposed bonus issue of 351m new ordinary shares (1:1), and proposed share
split involving the subdivision of 1 ordinary share after the bonus issue into 2
ordinary shares
- 27-Feb-14 TBA
Datasonic Group
Proposed bonus issue of 675m new ordinary shares (1:1)
-
28-Feb-14
TBA
Focus Dynamics
Technologies
Proposed renounceable rights issue of up to 449.1m new ordinary shares (3:3),
together with up to 299.4m free detachable warrants (2:3)
-
3-Mar-14
TBA
Meda Inc
Proposed free warrants issue of up to 64.1m free warrants (1:10)
-
5-Mar-14
TBA
Bintai Kinden Corp
Proposed par value reduction of RM0.80/share
-
10-Mar-14
TBA
Affin Holdings
Proposed renounceable rights issue to raise gross proceeds of up to RM1.25bn
-
10-Mar-14
TBA
MKH
Proposed bonus issue of up to 75.7m new ordinary shares (1:5)
-
11-Mar-14
TBA
Deleum
Proposed bonus issue of 50m new ordinary shares (1:3); and proposed spare
split involving the subdivision of 1 ordinary share into 2 ordinary shares
-
11-Mar-14
TBA
EA Holdings Proposed renounceable rights issue of up to 635.9m new ordinary shares (1:1);
together with 318.0 free detachable warrants (1:2)
- 17-Mar-14 TBA
Daily Bread | 24 April 2014
7
Corporate Actions
Company Particulars Price
Date
announced Ex-date
Kelington Group Proposed bonus issue of up to 57.6m new ordinary shares (1:3); and proposed
bonus issue of up to 57.6m warrants (1:3)
- 18-Mar-14 TBA
Uzma
Proposed renounceable rights issue of up to 132m new ordinary shares (1:1)
RM0.75/share
19-Mar-14
TBA
Milux Corporation Proposed share split involving the subdivision of 1 existing share into 2 ordinary
shares; and proposed rights issue of up to 87.0m shares (4:5) together with
87.0m free detachable warrants (1:1)
RM0.50/share 25-Mar-14 TBA
Malaysia Aica
Proposed renounceable rights issue of up to 475.1m new ordinary shares (3:1);
together with up to 158.4m free detachable warrants (1:3)
TBA 28-Mar-14 TBA
Apex Healthcare Proposed bonus issue of 23.4m new ordinary shares (1:4) - 28-Mar-14 TBA
Cahya Mata Sarawak Proposed subdivision of every 1 ordinary share into 2 ordinary shares, and every
1 non-convertible redeemable preference share into 2 non-convertible
redeemable preference share
- 31-Mar-14 TBA
Cahya Mata Sarawak Proposed bonus issue of up to 362.4m new subdivided shares (1:2) - 31-Mar-14 TBA
Menang Corporation Proposed bonus issue of 133.5m warrants (1:2) TBA 3-Apr-14 TBA
Matrix Concepts
Holdings
Proposed bonus issue of up to 152.9m new ordinary shares (1:2) - 11-Apr-14 TBA
Paramount
Corporation
Proposed renounceable rights issue of 84.5m new ordinary shares (1:4) - 14-Apr-14 TBA
R&A
Telecommunication
Group
Proposed renounceable rights issue of up to 1,054.8m new ordinary shares (1:1);
together with up to 527.4m free detachable warrants (1:2)
TBA 16-Apr-14 TBA
R&A
Telecommunication
Group
Proposed renounceable rights issue of up to RM26.4m nominal value of 5 year,
1% ICULS at 100% nominal value (RM0.025 ICULS:1)
100% nominal
value of ICULS
16-Apr-14 TBA
Note: TBA – to be announced
Dividends
Company Particulars
Gross DPS
(RM)
Date
announced
Ex-date
Lodgement
date
Payment
date
OSK Holdings Final single tier dividend 5 sen 0.050 26-Mar-14 24-Apr-14 28-Apr-14 15-May-14
OSK Property
Holdings
Final single tier dividend 5 sen T.E. 0.050 26-Mar-14 24-Apr-14 28-Apr-14 15-May-14
Acoustech Special single tier dividend 20 sen 0.200 7-Apr-14 24-Apr-14 28-Apr-14 14-May-14
Selangor Properties Final single tier dividend 10 sen T.E. and special
single tier dividend 20 sen T.E.
0.300 27-Feb-14 25-Apr-14 29-Apr-14 15-May-14
Dutch Lady Milk
Industries
Interim single tier dividend 50 sen and special
single tier dividend 60 sen
1.100 25-Feb-14 25-Apr-14 29-Apr-14 20-May-14
Grand Central
Enterprises
First and final single tier dividend 4% 0.040 28-Mar-14 28-Apr-14 30-Apr-14 23-May-14
Malayan Banking
Final single tier cash dividend 31 sen
0.310
16-Apr-14
29-Apr-14
2-May-14
30-May-14
United Plantations Final single tier dividend 22.5% 0.225 3-Apr-14 29-Apr-14 2-May-14 20-May-14
United Plantations
Special single tier dividend 41.25%
0.413
3-Apr-14
29-Apr-14
2-May-14
20-May-14
Ken Holdings
First and final single tier dividend 4.5 sen
0.045
21-Mar-14
29-Apr-14
2-May-14
16-May-14
Carlsberg Brewery
Final and special single tier dividend 56 sen
0.560
21-Feb-14
29-Apr-14
2-May-14
16-May-14
Axis REIT
First interim income distribution 5.3 sen (4.42
sen taxable 0.88 non-taxable)
0.053
21-Apr-14
2-May-14
6-May-14
13-Jun-14
Zhulian Corporation
First interim single tier dividend 3 sen
0.030
16-Apr-14
5-May-14
7-May-14
30-May-14
Bina Darulaman
First and final single tier dividend 7 sen
0.070
21-Apr-14
5-May-14
7-May-14
20-May-14
Sentoria Group Final single tier dividend 1 sen 0.010 4-Mar-14 6-May-14 8-May-14 28-May-14
LBS Bina Group
Interim single tier dividend 1.5 sen
0.015
14-Apr-14
7-May-14
9-May-14
23-May-14
Poh Huat Resources
Holdings
Final dividend 3% T.E. 0.030 1-Apr-14 7-May-14 9-May-14 19-May-14
Classic Scenic
Second interim single tier dividend 8%
0.040
27-Feb-14
7-May-14
9-May-14
23-May-14
The Nomad Group
Final single tier dividend 2 sen
0.020
15-Apr-14
7-May-14
9-May-14
19-May-14
Willowglen MSC
Final dividend 20% T.E.
0.020
27-Feb-14
8-May-14
12-May-14
28-May-14
Brahim's Holdings
Interim single tier dividend 0.25 sen
0.003
28-Feb-14
8-May-14
12-May-14
26-May-14
Petronas Gas
Final single tier dividend 40 sen
0.400
8-Apr-14
9-May-14
14-May-14
10-Jun-14
Tasek Corporation
Final single tier dividend 30%
0.300
25-Feb-14
12-May-14
15-May-14
28-May-14
Tasek Corporation
Special single tier dividend 60%
0.600
25-Feb-14
12-May-14
15-May-14
28-May-14
Nestle Malaysia
Final single tier dividend RM1.75 T.E.
1.750
24-Feb-14
12-May-14
15-May-14
5-Jun-14
Daily Bread | 24 April 2014
8
Dividends
Company
Particulars
Gross DPS
(RM)
Date
announced
Ex-date
Lodgement
date
Payment
date
KKB Engineering Final single tier dividend 5 sen 0.050 10-Apr-14 12-May-14 15-May-14 5-Jun-14
Bintulu Port
Final single tier dividend 7.5 sen
0.075
28-Feb-14
14-May-14
16-May-14
29-May-14
PPB Group Final single tier dividend 17 sen 0.170 28-Feb-14 16-May-14 20-May-14 6-Jun-14
Cypark Resources
Final single tier dividend 5 sen T.E.
0.050
28-Mar-14
16-May-14
20-May-14
19-Jun-14
Can-One
First and final dividend 10% T.E.
0.050
1-Apr-14
19-May-14
21-May-14
30-May-14
Seremban
Engineering
Interim single tier dividend 4% 0.020 19-Mar-14 19-Apr-14 21-May-14 5-Jun-14
The Store
Corporation
First and final single tier dividend 3.75%
0.038
24-Jan-14
19-May-14
21-May-14
19-Jun-14
Success
Transformer
Corporation
Interim single tier dividend 8%
0.040
19-Mar-14
19-May-14
21-May-14
13-Jun-14
Aeon Co. (M) First and final single tier dividend 22% 0.220 28-Feb-14 20-May-14 22-May-14 11-Jun-14
Ajiya
First and final single tier dividend 3%
0.030
2-Apr-14
20-May-14
22-May-14
6-Jun-14
WCT Holdings
Final single tier dividend 3.25 sen
0.033
22-Apr-14
20-May-14
22-May-14
5-Jun-14
Techfast Holdings
Final single tier dividend 5%
0.005
22-Apr-14
22-May-14
26-May-14
9-Jun-14
CCM Duopharma
Biotech
Final single tier dividend 13.5 sen T.E. 0.135 26-Feb-14 22-May-14 26-May-14 20-Jun-14
Note: TE – tax exempt
Daily Bread | 24 April 2014
9
DISCLOSURE
Stock rating definitions
Strong buy - High conviction buy with expected 12-month total return (including dividends) of 30% or more
Buy - Expected 12-month total return of 15% or more
Neutral - Expected 12-month total return between -15% and 15%
Sell - Expected 12-month total return of -15% or less
Trading buy - Expected 3-month total return of 15% or more arising from positive newsflow. However, upside may not be
sustainable
Sector rating definitions
Overweight - Industry expected to outperform the market over the next 12 months
Neutral - Industry expected to perform in-line with the market over the next 12 months
Underweight - Industry expected to underperform the market over the next 12 months
Commonly used abbreviations
Adex = advertising expenditure
EPS = earnings per share
PBT = profit before tax
bn = billion
EV = enterprise value
P/B = price / book ratio
BV = book value
FCF = free cash flow
P/E = price / earnings ratio
CF = cash flow
FV = fair value
PEG = P/E ratio to growth ratio
CAGR = compounded annual growth rate
FY = financial year
q-o-q = quarter-on-quarter
Capex = capital expenditure
m = million
RM = Ringgit
CY = calendar year
M-o-m = month-on-month
ROA = return on assets
Divyld = dividend yield
NAV = net assets value
ROE = return on equity
DCF = discounted cash flow
NM = not meaningful
TP = target price
DDM = dividend discount model
NTA = net tangible assets
trn = trillion
DPS = dividend per share
NR = not rated
WACC = weighted average cost of capital
EBIT = earnings before interest & tax
p.a. = per annum
y-o-y = year-on-year
EBITDA = EBIT before depreciation and amortisation
PAT = profit after tax
YTD = year-to-date
Daily Bread | 24 April 2014
10
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