The share prices of O&G stocks are undergoing a re-rating, largely fuelled by positive market sentiment and strong news flow. Going forward, partnerships or actual contract awards will be the main ‘push’ factor for further share price upside and the lucky companies will continue to outperform those which lack news flow. Average sector PER valuation is raised from 13.2x to 16.6x. Maintain Overweight on the sector, with top picks being Kencana Petroleum, Alam Maritim, Petra Perdana and Petra Energy.
Below are target price for selected companies in Oil & Gas Sector.
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The Malaysian Armed Forces Fund, better known as Lembaga Tabung Angkatan Tentera (LTAT) members will receive a 14 percent dividend for financial year end 2010.
LTAT recorded an unaudited total income of RM747.5 million in 2010 and it is the highest in its 38-year history.
The 14 percent dividend comprise 7 per cent dividend, 1 per cent bonus and 6 per cent special bonus in the form of unit trusts.
The total payout to LTAT members is RM616.3 million, a 7.2 per cent increase over the previous year’s RM575.2 million.
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Similar to previous years, this is the time where we have to prepare and submit individual income tax return form to IRB. For 2010 individual income tax, the last date to submit the individual income tax return form is on the 30th April 2011.
Any delay is subjected to penalty as below;
Any tax due and payable but has not been paid by the taxpayer by the due date shall be increased by 10% and any balance remaining unpaid upon the expiration of 60 days from the due date shall be further increased by 5% of the balance unpaid.
Read more to find out more information on tax exemption, deduction, rates, reliefs and rebates for individual for year 2010.
If you are not sure what are tax exemption, rates, reliefs and rebates, you can read here.
Credit card users are encourage to disipline themself when spending and make their monthly payment promptly. This is because credit card interest rates for outstanding balance is very high. The best practise is to make full payment on all outstanding balance every month.
Most banks in Malaysia offered tiered interest as per Bank Negara Malaysia (BNM) credit card interest rate structure which last revised in March 2009.
The tiered interest rate structure rewards those who pay their credit card bills promptly. Below are the details on tiered credit card interest rate structure.
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Maybank is having a new financing facility called AHB Financing-i. It provides financing for the purchase of Amanah Hartanah Bumiputera (AHB) unit trusts. It is an Islamic loan based on the Shariah principles of Bai’ ‘Inah (sale with immediate repurchase).
Below are the details on AHB Financing-i,
Eligibility
- Individuals age 18 years up to 59 years old
- Malaysian Residents
- Bumiputera
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