Sentoria Group Bhd, a property developer, general & civil engineering, and hotel & theme park operator is scheduled to be listed in Main Market on 23rd February 2012.
The Initial Public Offering (IPO) consists of public issues of 60 million new ordinary shares at an IPO price of RM0.87 per share at RM0.20 par value.
Out of 60 million shares, 30 million shares are for private placement to selected investors, 20 million shares for application by Malaysian public and the remaining 10 million shares are made available to directors, employees and business associates of Sentoria Group Berhad.
On top of that 40 million existing shares are for sale to the selected Bumiputera investors approved by MITI.
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China Stationery Limited, an integrated plastic stationery China-based company is scheduled to be listed in Main Market on 24th February 2012.
The IPO consists of public issue of 90 million ordinary shares at an IPO price of RM0.90 per share with SGD0.001 par value. Out of this, 60 million shares are allocated to Malaysian public, and the remaining 30 million shares are allocated for private placement. On top of that, 133 million shares are for sale to selected investors.
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2011 advertising expenditure (adex) grew less than expected, largely due to softer growth on the TV segment. However, other media platforms performed well. The newspaper segment enjoyed robust advertising spending by retailers, hypermarkets, telcos and property developers, driven by improving consumer sentiment.
OSK maintains OVERWEIGHT on the sector as they belief that 2012 will be an exciting year for media players in light of the upcoming 2012 Olympics and Euro 2012, as well as the impending General Election. Hence, OSK is keeping their adex growth forecast at 2x of GDP growth forecast of 5.2% with Media Chinese as top pick.
OSK also continues to believe that domestic consumer spending will remain healthy given the Government’s ongoing initiatives to turn the country into a highincome nation by 2020.
Below are target price and rating for selected stocks in Media Sector.
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The registration of newly-launched Skim Amanah Rakyat 1Malaysia (SARA 1Malaysia) will start on Monday 30th January 2012 and will extend for a year or upon full subscription.
SARA 1Malaysia is a hybrid of a unit trust investment and a loan product. The scheme expected to offer 32.16 per cent return on investment per annum. However, the net return is only 12 per cent per annum if the investors are taking loan.
The scheme was not a get-rich-quick scheme but a government-initiated savings and investment scheme to educate and help low-income earners to invest since they are not financially capable.
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Amanah Hartanah Bumiputera (AHB) was launched in November 2010 with the aim to enable Bumiputera investors to own real-estate assets at prime location.
With an initial fund size of RM1 billion, it was fully subscribed within a few months after launching. There is a plan to increase the fund size by another RM500 million. Bumiputera may subscribed to the fund either own cash or loan facility. The first-year dividend income is at 6.5 percent per annum.
At the financial year end of 30 September 2011, AHB has 55,827 unitholders & 5 assets worth RM800 million while the remaining RM200 million are in cash.
Total profit for the same period was RM60.2 million. Profit from assests least was RM54.4 million while the remaining 5.8 million was from a bank deposit.
The tables below are AHB’s assets list and unitholders distribution.
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