Malaysian Airline
System Bhd (RM1.23/share)
Troubles at MAS
worsen
The troubles at national air carrier Malaysian Airline
System Bhd (MAS) are deepening. Skytrax, the world’s largest airline and
airport reviewer, has placed the company’s vaunted five-star airline ranking on
watch following consistently poor feedback from passengers. The downgrade on
the much sought-after premier status, which is listed on Skytrax’s widely
followed website, comes at a time when the airline’s future is becoming increasingly
uncertain. Last week, MAS and budget carrier AirAsia Bhd announced that they
were scrapping their RM1.1bil share-swap deal after protests from the powerful
unions at the beleaguered national carrier. – The Edge
PPB Group Bhd
(RM16.72/share)
PPB-Wilmar gets more
China approvals
PPB Group Bhd yesterday announced the receipt of two more
approvals from the Chinese government on its proposed 20.0% stake purchase in
Wilmar International Ltd’s China flour milling units. In a statement, PPB said
to date, the company has announced that four of the seven selected seven China
subsidiaries have received relevant regulatory authorities’ approvals. The
approval for the investment in Dongguan Yihai was received on May 7 while the
approval for Yihai Kerry Shenyang was received on May 8. – The Edge
Telekom Malaysia
Bhd (RM5.47/share)
Yet to decide on role
in digital TV plan
Telekom Malaysia Bhd (TM), the country’s biggest fixed
broadband operator, has yet to decide on which area of the country’s digital
terrestrial television broadcasting (DTTB) project it wants to take part in.
Bidding documents are already out and TM will have until July 24 to submit its
proposal. The proposal to build and operate the infrastructure and network
facilities for digital terrestrial television, which will run on the 470MHz to
742MHz spectrum bands, involves the conversion of analogue technology to
digital technology for all terrestrial TV stations.
Under the current setup, TV stations are individually
licensed as content application service providers, whereby they install their
own equipment at transmission sites. By going digital, the players will need to
migrate to a different band, which requires new infrastructure. Therefore,
terrestrial TV stations could be offering their contents by riding on the
infrastructure built by the eventual bid winner. – Business Times
Power Sector
Cabinet to decide on
gas, power tariff hike, says Chin
Energy, Green Technology and Water Minister Datuk Seri Peter
Chin said there is a need to raise gas and electricity tariffs but it is for
Cabinet to decide. He also said that the six-month interval of tariff revision
for gas and electricity has not changed. The last price hike in gas and
electricity was on June 1 2011. At that time, natural gas price sold to the
power sector was raised 28 per cent to RM13.70/mmBTU from RM10.70/mmBTU. The
average electricity tariff went up 2.23 sen/kWh (kilowatt hour), or seven per
cent, to 33.54 sen/kWh. – Business Times
Source: AmeSecurities
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