CIMB Group
Holdings Bhd (RM7.60/share)
Unit in JV deal with
Rohatyn
CIMB Group Holdings Bhd’s wholly-owned subsidiary, CIMB
Strategic Assets Sdn Bhd (CIMBSA), has established a joint venture with The
Rohatyn Group (TRG) with a 40:60 shareholding in three companies. The companies
are Capital Advisors Partners Asia Sdn Bhd (CapAsia), CapAsia Islamic
Infrastructure Fund (General Partner) Ltd, and CapAsia Asean Infrastructure Fund
III (General Partner) Ltd. In a statement, CIMB said the joint venture shall
jointly sponsor, manage and administer the CapAsia Funds and undertake private
equity investments in the infrastructure sector. – Business Times
Malayan Banking
Bhd (RM8.80/share)
Licence to expand
Maybank sees local incorporation of ops in Cambodia
Malayan Banking Bhd (Maybank) is expected to receive a local
incorporation licence for its operations from the National Bank of Cambodia
early next month to facilitate its ongoing expansion plans in Cambodia. Maybank
currently has 11 branches in Cambodia, with plans to open at least another one
in the country within this year. It’s been reported that over the 12 months to October
2011, Maybank Cambodia had registered a 75.2% growth in loans and advances,
with 4.0% growth in customer deposits. Meanwhile, Maybank president and CEO
Datuk Seri Abdul Wahid Omar clarified that the group was currently not looking
at acquiring anything actively in Thailand, but that it would remain open to
opportunities for the group to expand its foothold there. - StarBiz
Bursa Malaysia Bhd
(RM7.26/share)
Plans bond for retail
investors
Bursa Malaysia Bhd plans to launch an exchange traded bond
for retail investors in the second half of this year. Bursa Malaysia chief
executive officer Datuk Tajuddin Atan said the retail bond would allow
investors to switch from equity to a debt instrument that has exposure to
interest rates, adding that investors could buy the retail bond from brokers
just as they do with equities. Tajuddin also said Bursa Malaysia was looking
for further improvement in two key areas, namely market accessibility and
product offerings. Besides the retail bond offer, the exchange is also looking
at introducing futures and option products. By June, the first roll-out of the
Asean Exchanges will see the launch of Asean link between Singapore Exchange
(SGX) and Bursa Malaysia, followed by the Stock Exchange of Thailand (SET) in
August. Through this collaboration investors from around the world will have
access to a combined market capitalisation of US$1.8 trillion (RM5.5 trillion)
representing more than 3,000 companies. – Business Times
Tenaga Nasional
Bhd (RM6.36/share)
To make first FiT
payment next week
Tenaga Nasional Bhd (TNB), which is expected to pay
RM300.0mil a year to Sustainable Energy Development Authority (Seda) for
feed-in-tariff (FiT), will make its first payment next week, according to
(Renewable Energy and Green Technology), customer service and metering,
distribution division head Abdul Rahim Jamil. Abdul Rahim said TNB’s first
payment to be made would be for the month of December but it would not be substantial
as FiT had just started. There will be a lag of about four months in payments
to Seda mainly because of the collection from
TNB’s customers. Seda is expecting 985MW or 6% of total country’s energy
mix to come from RE in 2015 and currently 68.5MW are connected to the grid. As
at Feb 29, Seda has approved 377 applications for RE with installed capacity of
311.56MW. Of the amount, 140.03MW installed capacity was from solar
photovoltaic (PV). Meanwhile, TNB Janamanjung Sdn Bhd general manager Shamsul Ahmad
said Tenaga Nasional Bhd’s (TNB) RM5.8bil coal-powered plant in Perak is a
quarter way into completion. The new plant is located next to its existing
three power plants that are currently generating 2,100 megawatts (MW). He said
Manjung 4 (the new plant) will be Southeast Asia’s first 1,000MW supercritical coal-fired
power plant. Shamsul said Manjung 4 is scheduled to be completed by March 2015.
It will be fed three million tonnes of coal a year. – StarBiz, Business Times
Source: OSK188
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