FBMKLCI 1561.77 DJ-91.50 CRUDE OIL 99.22 RM 2.9370

New stock listing

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

1.         5204             PRESBHD                      0.90                 0.60             4.50

Prestariang Bhd, which debuts on Bursa Malaysia today has secured an RM80mil contract from the Higher Education Ministry for an industry-based certification scheme. In a filing with Bursa Malaysia yesterday, Prestariang said its wholly-owned subsidiary, Prestariang Systems Sdn Bhd, had secured the contract from the Government to provide professional information, communications and technologies (ICT) training and certification of ICT and ICT-related fields in public higher education institutions in Malaysia.

PeterLabs executive director Dr Teo Kooi Cheng said the company had begun exporting its products now that it had appointed official distributors in Indonesia, Bangladesh, Sri Lanka, the Philippines and Saudi Arabia. “The local market is already mature as our market share for animal feed additives is 19.1%. The focus for us now is overseas expansion,” Teo told reporters after the listing ceremony yesterday. Last year, PeterLabs poster net profit of RM5.9mil on revenue of RM40.7mil. The company expects a 15% to 20% growth this year with 5% of it coming from exports.

Sarawak Cable Bhd has formed a strategic partnership with power and automation technologies company ABB Malaysia Sdn Bhd to submit a tender for Sarawak’s Samajaya substation to be implemented by Sarawak Energy Bhd. The proposed joint venture – Sarawak Cable Bhd-ABB Malaysia Sdn Bhd – was entered into yesterday via a consortium agreement and a supplemental consortium agreement.

Uzma Bhd's subsidiary, Uzma Engineering Sdn Bhd (UESB), has secured a contract worth RM170mil from Petronas Carigali Bhd. In a statement to Bursa Malaysia, Uzma said the contract was for the provision of integrated equipment and services for idle well reactivation project. The contract period will be three years effective from July 25.

TELEKOM MALAYSIA BHD []’s unit has placed out 92.36 million Axiata Group Bhd at RM5.07 a share. The exercise raised gross proceeds of RM468.3 million for TM.

Alam Maritim’s unit has received a letter of award from Petronas Carigali Sdn Bhd to provide one anchor handling tug supply vessel for RM10.6 million. The contract  started on July 13 and the duration is for a primary period of 150 days with two  extension options of 45 days each.

Berjaya Food Bhd is expanding its Kenny Rogers Roasters (KRR) brand into Indonesia after it inked a joint venture (JV) agreement with three Indonesian companies to develop and operate the franchise. It had entered into a conditional JV agreement with PT Mitra Samaya (MS), PT Harapan Swasti Sentosa (HSS) and PT Boga Lestari Sentosa (PT Boga) to operate the franchise in Java island and Bali, Indonesia under PT Boga.

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.