Saturday, June 29, 2013

Sunway excited over Iskandar project

From Star Online: Business
29th June 2013

IT may seem rather nondescript but the appointment of joint managing directors and the presence of Kumar Tharmalingam over at the Sunway group may be an indication of the direction the company would like to take. Or at least, the market it would like to have.
Sarena Cheah and Ong Pang Yen were appointed as joint managing directors of the property development division at Sunway Bhd effective May 1. They replace Ho Hon Sang who left at the end of last month.

Quek's poker game for HLCap

From Star Online: Business
29 June 2013

AS corporate takeover sagas go, Hong Leong Capital Bhd (HLCap) will go down as one of the more colourful ones in Malaysia’s corporate history. The usually savvy tycoon Tan Sri Quek Leng Chan ought to have wrapped up the privatisation of the investment banking and asset management unit of his group by now.
But alas what he is faced with is a HLCap share price that had risen up to several hundred per cent more than the price he had offered to pay, although the share price has seen some softening over the last few days.

The rise of boutique financial advisers

From Star Online: Business
29 June 2013

In the local high finance corporate scene, a few boutique advisory firms have been quietly etching a name for themselves, putting together mergers and acquisitions (M&As) and other company restructuring deals.
The names of the owners – who are also the key drivers of these firms - have become household names in the corporate world but outside those circles they are hardly known.
And just like high-flying investment bankers, these specialists earn top dollar for their fees, which average around 1% of the size of the deal they are putting together. That’s a tonne of money, considering that some deals go into the billions of ringgit.

Tuesday, June 18, 2013

Hartalega to emerge as industry game-changer

From Star Online: Business

18th June 2013

Top pick: Alliance says Hartalega has the strongest capacity compound annual growth rate of 14.9% over the next eight years.

Top pick: Alliance says Hartalega has the strongest capacity compound annual growth rate of 14.9% over the next eight years.

PETALING JAYA: Hartalega Holdings Bhd and Kossan Rubber Industries Bhd are Alliance Research’s top picks for the glove sector, with the research house reiterating an “overweight” recommendation on the sector.

“Among the two, we like Hartalega as a medium to long-term investment (one to three years), as we are convinced that it will emerge as the industry’s game-changer in two year’s time, once its Next Generation Integrated Glove Manufacturing Complex (NGC) kick-starts in August 2014 which could yield a 6% extra margin due to better efficiency.

Saturday, June 15, 2013

How to rate an analyst

From Star Online: Business

15th June 2013

WHO do you turn to when you need advice on stocks? A broker or remisier will be the obvious choice but they too get their information from a bunch of number crunchers whose job is to analyse stocks.

They are an important cog in the investment chain, often reviewing results, visiting companies, and writing their analyses of the companies under their coverage. The summary of their research culminates in a recommendation which is either to buy, hold or sell the stock.

Listed companies know just how important they are. Whether it’s a company going for a listing, announcing its new earnings stream or when a stock is to be placed out, analysts are sought to come up with a handle on what the companies are doing and what they hope to achieve.

So should we listen to analyst recommendations? How accurate are they, and do they really have retail investor’s interest at heart?

Saturday, June 8, 2013

Catalyst to Bandar Tasik Puteri

From Star Online: Business
8 June 2013

Garden Heights latest phase, to be launched in June 2013, will have 114 units of link houses. As a mid-range product offered within Bandar Tasik Puteri, the 20’ x 75’ houses are priced from RM400,000.
Garden Heights latest phase, to be launched in June 2013, will have 114 units of link houses. As a mid-range product offered within Bandar Tasik Puteri, the 20’ x 75’ houses are priced from RM400,000.
A CATALYST expected to raise a township’s value by at least 30% – simply music to residents’ ears.
That is what Latar Expressway will bring to Bandar Tasik Puteri (BTP) in Rawang the moment it connects the 2,670-acre township to Kuala Lumpur city in only 25 minutes.
BTP has been around for 15 years, with developer Low Yat Group carefully carving out a wholesome township, playing its ear by market demand.
The group says residents have been waiting for this news as the enhanced acccessibility meant improved quality of life.
The group recently announced that it is investing RM100mil into constructing an interchange off Latar in an agreement with the expressway management. The interchange is expected to be completed in the third quarter of 2015, benefiting more than 60,000 residents by then. BTP has a population of 55,000.