China Automobile Parts Holdings Ltd, a China-based automobile chassis components manufacturer is scheduled to be listed in Main Market of Bursa Malaysia on 30th January 2013.
The Initial Public Offering (IPO) consists of public issues of 90 million new ordinary shares and offer for sale of 60 million shares at an IPO price of RM0.68 per share at USD0.10 par value.
Out of that, 120 million shares allocated for private placement to the selected investors and 30 million shares are made available for application by Malaysian public.
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Every year, the Economist Corporate Network—the emerging markets advisory business of The Economist Group—conducts a survey of its 500 clients in Asia Pacific. These 500 firms are some of the world’s largest multinationals, and their collective views provide critical insights into the world’s fastest growing region.
The latest Asia Business Outlook Survey (ABOS) was carried out in December 2012. Respondents were all senior executives, many of them with overall responsibility for the Asia Pacific region. The majority came from Western multinational companies.
The survey shows that China, India and Indonesia hold the top 3 spot of the most popular investment spot in Asia while Malaysia not far behind at the 4th spot.
The table below is the top 13th list of the most popular investment spot in Asia.
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As highlighted in September 2012 regarding Bond/Sukuk for Retail, DanaInfra Nasional Berhad will be the first issuer to the Exchange Traded Bond and Sukuk (ETBS). It will be listed and traded on Bursa Malaysia on 8th February 2013. This product is known as DanaInfra Retail Sukuk.
The size of DanaInfra Retail Sukuk is RM300 million with 10-year maturity date. The Sukuk is an infrastructure issuance to fund the initial tranche of the RM1.5bil for the first phase of the MRT Kajang to Sungai Buloh line.
The minimum profit rate for DanaInfra Retail Sukuk is 3.70 percent per year The final profit rate will be notified prior to listing date. Profit payment will be semi-annually and not taxable.
The table below is the key point of DanaInfra Retail Sukuk.
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With a new year often comes new goals and focuses for the year ahead. Some come in the form of resolutions which often end up all but forgotten as January fades into obscurity, others are longer term goals, perhaps working on character traits such as punctuality or putting more of an effort into socialising.
It is in the new year that many also turn their gaze to finances, hoping to manage money more effectively than the previous year; perhaps finally paying off that guarantor loan. It is goals such as this that can be life changing, once you are in a habit of managing your money effectively it not only relieves a lot of day to day stress and worry but can also open up numerous opportunities to the keen budgeter.
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OSK is bullish on the O&G industry in the immediate term as it would be very soon before new contracts are awarded, including:
- RM8-10bn worth of hook-up commissioning in the Pan Malaysia cluster
- marginal oilfields
- replacement of expiring brownfield contracts.
OSK’s top picks for the sector is SapuraKencana Petroleum (BUY FV RM3.00), Dialog (BUY FV: RM3.45) and Dayang (BUYFV: RM2.90). They like these companies for their excellent track records and believe that in the event of a slowdown in contract awards, they would still have strong orderbook.
Below are the target prices and ratings for selected Oil & Gas stock.
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