Friday 13 April 2012

News Highlights - Axis Real Estate Investment Trust, Telekom Malaysia, CIMB Group, Maxis


Axis Real Estate Investment Trust (RM2.71/share)
Buys industrial land, buildings for RM26.5m cash
Axis Real Estate Investment Trust (Axis-REIT) is expanding its portfolio of properties with the proposed acquisition of two parcels of indsutrial land with buildings in Labu, Negeri Sembilan, for RM26.50mil cash. Axis REIT Managers Bhd, the management company of Axis-REIT, yesterday said the 29,436 sq metres of land with tenure of 99 years expiring in September 2095, was acquired from LRS Property Sdn Bhd. The acquisition was undertaken by OSK Trustees Bhd, the trustee for Axis-REIT. Axis REIT Managers said the acquisition was to provide unitholders with stable distribution and to achieve growth in net asset value per unit of the fund. – StarBiz

Telekom Malaysia Bhd (RM5.41/share)
Proposes final dividend of 9.8 sen
Telekom Malaysia Bhd (TM) is proposing a final single-tier dividend of 9.8 sen per share for the financial year ended Dec 31, 2011. The company said in a filing with Bursa Malaysia that the dividend would go ex on May 22. The entitlement date would be May 24 subject to shareholders’ approval in the upcoming AGM on May 8, it added. – StarBiz

CIMB Group Bhd (RM7.71/share)
CIMB, RBS agree to collaborate
CIMB Group, which last week announced its acquisition of some Royal Bank of Scotland (RBS) assets in the Asia Pacific, has defined potential areas of collaboration with RBS in the region. The areas, as set out under a cooperation agreement inked by the two banking groups here yesterday, are capital market activities, mergers and acquisitions, equities, derivatives, loan markets, trade advisory and trade financing solutions, cash management services and agent/custodian bank arrangements. CIMB group chief executive Datuk Seri Nazir Razak said the agreement would allow both CIMB and RBS to leverage off each other in key Asia Pacific markets, adding that there is huge potential for cross referrals. – Business Times

Maxis Bhd (RM6.14/share)
Browse books via Maxis
Maxis Bhd, the country’s biggest mobile operator, launched its maiden digital books (ebooks) service to tap into the growth potential of the tablet computer industry. Sales of tablet computers like Apple iPad and Samsung Galaxy Tab grew by 500.0% in the fourth quarter of last year to 260,000 units. T. Kugan, Maxis vice-president and head of product, device, innovation and roaming said Maxis has recognised the shift towards digital content and with the launch of Maxis ebooks, they are looking at providing local readers with the hassle-free experience of browsing, purchasing and reading books on their tablets or PCs. About 31.0% of Maxis subscribers use devices like smart phones and tablet computers. The service is also expected to help the company grow its revenue, as Maxis takes a cut from the ebook purchases. While the exact amount Maxis will be getting was not revealed, it is understood that 70.0% of the sale will go to the publishers. The remaining 30.0% may be shared with its other technology partners. – Business Times

Source: AmeSecurities 

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