News Highlights - MISC, YTL Power International, Telekom Malaysia, Construction Sector

MISC Bhd (RM5.27/share)

ATT Tanjung Bin oil terminal gets first cargo

The newly-built ATT Tanjung Bin (ATB) oil terminal near Port of Tanjung Pelepas in Johor has started operations after receiving its first fuel oil cargo earlier last week. The terminal, owned and operated by VTTI, a 50:50 joint venture between Vitol and MISC Bhd, received its first fuel oil cargo from the MT Kition, a 100,000 deadweight tonne tanker on April 10. ATB oil terminal is a grassroot project which began construction in September 2009. The first phase consists of 41 storage tanks, totaling 841,000 cu metres (cu m) of storage for fuel oil, petroleum and middle distillates. VTTI said that work on the terminal’s fuel oil tanks is completed, while work on the middle distillates and petroleum tanks, are nearing completion and will be available for commercial use later this month. Phase 1 of the ATB facility is designed to handle 20 million tonnes of oil products a year, accommodating five seagoing tankers at once, and providing service to its customers around the clock.  A VTTI spokesman said fuel oil can be loaded at a rate of 7,500 cu m/hour, middle distillates at 7,000 cu m/hour and light ends at 5,500 cu m/hour. – Business Times

YTL Power International Bhd (RM1.83/share)

Unit teams up with UK-based Xchanging

YTL Communications, a subsidiary of YTL Power International Bhd, and Xchanging, a UK-based business process and technology services provider, are to form a joint venture (JV) company to develop and deliver enhanced mobile Internet and cloudbased hosting offerings in Malaysia. Known as Xchanging Malaysia Sdn Bhd, the 50-50 joint venture will combine Xchanging’s technology, delivery expertise and international domain knowledge with YTL Communications’ award-winning 4G network and market reach to deliver nextgeneration, mission-critical cloud solutions and platforms. YTL Communications chief executive officer Wing K. Lee said through such collaboration, Xchanging will bring to the venture a wealth of systems integration experience and best practices. Xchanging is a business process and technology service provider and integrator specialising in financial services, technology and procurement processing skills and capabilities to other vertical industry and market sectors. – Business Times

Telekom Malaysia Bhd (5.41/share)

To expand Unifi coverage to 1.3 mln premise passes by year-end

Telekom Malaysia Bhd (TM) aims to expand its Unifi high-speed fibre optic broadband coverage to 1.3 million premise passes by year-end in an effort to provide better services to customers. Currently, the telecommunication giant has 1.2 million premise passes and 320,000 customers nationwide. Chief Executive Officer Datuk Zamzairani Mohd Isa said the effort was in line with the company’s aspiration of making 2012 the year for customers’ experience. He said among the efforts put in place, was the transformation of its frontline touch point such as TMpoint (the one-stop centre), call centres and also technicians that deal with customers directly. For the business community, he said the company will add Hypp.TV, the Internet protocol television service, into UniFi’s business package in July to add more value to existing services. – Business Times

Source: AmeSecurities