FBMKLCI 1559.60 DJ-88.36 CRUDE OIL 99.10 RM 2.9465

New stock listing

No.  Stock  Code    Stock Name     Reference Price      Lower Limit     Upper Limit

1.         0171             PLABS                      0.30                 0.005             1.50
 

KNM Group Bhd and Zecon Bhd has entered into an agreement with Gulf Asian Petroleum (GAP) Sdn Bhd to build a refinery and an oil storage terminal worth a combined RM17 billion in Teluk Ramunia, Johor.

Public Bank Bhd's net profit jumped 20% to RM880.3mil for the second quarter ended June 30, from RM734.1mil a year ago, on the back of improved loans and deposits growth and improved asset quality.

Its revenue for the quarter was 18.3% higher at RM3.17bil from RM2.68bil a year ago. It reported earnings per share of 25.14 sen against 20.96 sen previously. The bank also announced a first interim single-tier dividend of 20%, which will result in total payout of RM700mil.

Daya Materials has bagged two contracts valued at 6.47 million euros or RM27.6mil of supply and delivery agreements with Petronas Methanol (Labuan) Sdn Bhd. The contracts were won via competitive bidding through its wholly-owned subsidiary Daya Secadyme Sdn Bhd. The two agreements are to supply methanol synthesis catalyst and desulphurisation catalyst to Petronas Methanol.

SP SETIA Bhd has proposed to acquire 40 per cent equity interest in KL Eco City Sdn Bhd (KLEC) from Yayasan Gerakbakti Kebangsaan for RM75 million. The acquisition will be through the issuance of 19.37 million new ordinary shares of 75 sen each in SP Setia at an issue price of RM3.87 per share, SP Setia said.

FBMKLCI 1579.84 DJ-54.49 CRUDE OIL 96.30 RM 2.9730

Daya Materials Bhd has secured a RM120 million contract from B Braun Medical Industries Sdn Bhd to build a new six-storey building in Bayan Lepas, Penang. Daya’s unit Daya CMT Sdn Bhd was awarded the contract on June 22 and it involved building a one-storey utility plant rooms, a building for multi-level parking and a two storey multi-purpose building.

Hua Yang’s net profit for the first quarter ended June 30, 2011 surged 133% to RM11.48 million from RM4.91 million a year earlier, due mainly to higher sales achieved. Revenue for the quarter rose 66% to RM61.75 million from RM37.22 million. Earnings per share were 10.63 sen while net assets per share were RM2.15. Hua Yang also proposed a bonus issue of 36 million shares on a one-for-three basis. The company expects the corporate exercise to be completed in the second half of 2011.

Tradewinds Plantation, which had proposed to acquire Mardec Bhd, plans to build an integrated rubber-city in Kota Putra in Kedah, possibly a year from now. Bernama reports its CEO Chan Seng Fatt as saying the integrated rubber city, which is set to provide a free trade rubber area would attract foreign investors to the country.

Dialog Group Bhd’s unit has proposed to acquire a 51% stake in India’s Anewa Engineering Private Ltd for RM7.88 million which would further provides access to new customers in various parts of the world namely in the Middle East and India. It said on Thursday, July 14 Anewa is an outsourcing company that provides engineering design to customers, mainly multinational companies in India, Middle East and Southeast Asia in the oil, gas and petrochemical industry.

Atlan Bhd posted net profit of RM92.35 million in the first quarter ended May 31, 2011 from RM24.21 million a year ago, boosted by sale of several pieces of land. Its revenue was marginally higher at RM177.29 million from RM175.96 million a year ago while earnings per share were 36.60 sen compared with 10.05 sen. The earnings were boosted the sale of six pieces of land measuring 43.95 acres in Penang by its unit Blossom Time Sdn Bhd for  RM104.42 million and a piece of land measuring 17.08 acres in Penang also for RM40.58 million

AirAsia is likely to have a joint venture with Japan's largest carrier - All Nippon Airways (ANA) - to set up a low cost airline likely to be called AirAsia Japan. An announcement on the collaboration is expected to be made next week and it would involve the setting up of a low cost carrier (LCC) and a hub in Japan by AirAsia. The LCC will serve the domestic market and eventually regional markets, sources say.