Hong-Kong based FinanceAsia recently revealed a poll results for their 11th annual poll of Asia’s top companies. The pool has tallied votes from over 300 investors and analysts across the region.
The pools evaluate the companies on best managed company, best corporate governance, best investor relations, best corporate social responsibility, most committed to a strong dividend policy, best mid-cap, best small-cap, best CEO & best CFO.
The pool result from Malaysian companies are,
UOA Development Bhd, a property development and construction company is schedule to be listed in Main Market on 8th June 2011.
The Initial Public Offering (IPO) consists of 407 million ordinary shares at an IPO price of RM2.90 per share at RM0.05 par value. However, the final retail price will be equal to the 97% of the institutional price.
Out of 407 million shares, 337 million shares are offered to Malaysian and foreign institutional and selected investors (including bumiputera investors approved by the International Trade and Industry Ministry) and a retail offering of 70 million shares to the Malaysian public, eligible directors and employees of UOA Development, its subsidiaries and persons who have contributed to the success of UOA and its subsidiaries
CIMB is having a new promotion for their long-term investment fund, Max InvestSave. This is the third promotion since the fund was launched in October 2008.
CIMB Max InvestSave Bonanza Promotion period are from 4 April 2011 until 31 August 2011. During the promotion period investors will earn free bonus units up to 30% for every investment or top-up made. However, it is only applicable for minimum investments of RM5,000 plus a minimum Periodical Payment Instruction (PPI) of RM200 monthly.
The development in Iskandar Malaysia is picking up with 2012 as the potential inflection year. Investment targets have been surpassed and foreign participation is coming in. The key sectors to benefit from Iskandar are property and construction.
For Iskandar exposure, OSK recommend UEM Land for the property side given that it is the largest land owner at Nusajaya and KimLun Corp for the construction angle as it has a strong orderbook track record in Johor.
Other names offering Iskandar exposure include SP Setia for its Setia Eco Gardens development, Gamuda for its Horizon Hills development and Sunway which is constructing Legoland and BioX-Cell.
The table below is the target price for selected stocks for Iskandar exposure.
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