Tuesday, July 5, 2011

FBMKLCI 1582.35 DJ no market CRUDE OIL 95.04 RM 2.9670

Gopeng Bhd will be lifted from its Practice Note 17 (PN17) status effective today, the company announced in a Bursa Malaysia filing yesterday.

The market is again abuzz with speculation that Genting Bhd, whose businesses include gaming and leisure under Genting Malaysia Bhd in which the company has a 49.39% stake, is finalising the deal to acquire Tanjong plc's gaming unit Pan Malaysian Pools Sdn Bhd (PMP) for an estimated RM2.5bil. “They'll be signing the deal on Thursday worth RM2.5bil,” a source said, adding that four persons were involved in seeing the deal through. However, another source said Genting's bid has too many conditions and therefore the other bidders have been asked to resubmit their offers.

Low cost airline AirAsia is set to become one of the biggest airline groups in the world following its landmark order of 200 Airbus A320neos, said Frost & Sullivan Aerospace & Defence senior consultant Kunal Sinha.
The AirAsia deal is the largest ever single order placed with Airbus in terms of number of aircraft. The AirAsia group currently operates 89 A320s and already has orders for another 86 A320s. The 200 A320neos, which will be powered by CFM LEAP-X engines, will be delivered from 2016 to 2026,” he told Bernama yesterday.

JAKS Resources Bhd could attract trading interest on Tuesday, July 5 after it finally cleared the hurdle for a 1,200MW coal-fired power plant in Vietnam. For JAKS, the investment certificate is important for it to go ahead with the signing of the projects documents which include the build-operate-transfer (BOT) contract, power purchase agreement, coal supply and land lease.

DiJaya announced that Tael One Partners Ltd had acquired 22.75 million shares of the property company on Monday at RM1.65 per share. The shares amounted to 4.99%. DiJaya said TAEL One was acting in its capacity as general partner of The Asian Entrepreneur Legacy One, L.P.

Petronas Dagangan has proposed a special gross dividend of 25 sen  and final gross dividend of 35 sen per share in respect of the financial year ended March 31, 2011. The company said the special and final dividends would be paid on Aug 28, subject to shareholders’ approval at its annual general meeting to be held on July 28.

No comments: