The US$2bil (RM6.08bil) listing of Felda Global Ventures Holdings Bhd to a Main Market listing on Bursa Malaysia, Asia’s biggest this year, is expected to take place at the end of June. The initial public offering (IPO) is offering up to 2.19 billion shares for institutional and retail investors.
According to the draft prospectus posted on the Securities Commission website, 1.92 billion shares will be offered to the institutional investors while the remaining 283.61 million shares will be offered to retail investors.
The institutional offering involves a total of 1.21 billion shares and 286.85 million issue shares allocated for Malaysian and foreign institutional investors, while 419.54 million issue shares are set aside for Bumiputera institutional and selected investors approved by International Trade and Industry Ministry, at the institutional price.
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Today, 30th April is the last day for individual taxpayers to submit their Form BE. If you are not ready to submit the form, there is a good news to you.
The dateline is extended by another 15 days BUT only applicable to taxpayers who opt to submit the Form BE by e-Filing. So, the taxpayers who choose to submit their forms and pay taxes via e-filing will now have up to 15th May to do so.
The 15-day grace period was also extended to those who had their own businesses, which would allow them to submit and pay via e-filing by 15th July.
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Every 3 months, since March 2010, EPF reveals its top 30 equity investments in Bursa Malaysia. The aim for this is to promote greater transparency and to reassure members that investment undertaken are in the best interest of growing their retirement savings and in accordance to best practices in investment and governance.
For Q1 2012, when compared to December 2011, EPF increasing their share in Plantation companies such as United Plantation, Kuala Lumpur Kepong, IJM Plantation & IOI Corporation. Public Bank also emerged in the top 10.
The most notable changes were UMW Holdings, Cycle & Carriage Bintang, SP Setia and Telekom no longer under EPF Top 30 Equity Investments. Replacing the position are Public Bank, Kencana Petroleum, POS Malaysia & IOI Corporation
The table below are the Top 30 Equity Investments in companies listed on Bursa Malaysia as of 31st March 2012.
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OSK maintains OVERWEIGHT on the sector, as they see local education providers gaining strength in 2012, driven by the Government’s initiatives to spur the private education sector.
Meanwhile, as the PTPTN works towards sorting out its collection woes, there appears to be a growing trend among local institutions to tie up with more reputable foreign institutions, which will further enhance Malaysia’s appeal as an education hub and an alternative destination for foreign students.
SEG International is OSK top buy for its diversified course offerings, asset-light operating model and decent dividend yield. Within the small-cap space, OSK like Prestariang’s sturdy orderbook of
over RM200m and niche focus in the provision of IT-related certification for final year students in public
varsities.
Below are the target price, market capitalization and rating for selected stocks in education sector.
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If you are New Zealanders and planning to buy your travel insurance online, you can’t go wrong with Travel Insurance Direct. They are offering a very competitive package, and one of the cheapest travel insurances packages that you find on the market today.
Being cheap doesn’t mean you will get sub-par coverage. Travel Insurance Direct puts high-quality travel insurance in your pocket, and you will be covered on 24 major items. It covers everything you need while traveling, and it includes emergency medical and repatriation and loss of your personal belonging such as laptops or cameras.
The best part is, you will be offered unlimited expenses on medical expenses incurred overseas, cancellation costs and additional expenses / medical evacuation.
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