Tan Chong Motor
Bhd (RM4.30/share)
Gears for regional
expansion
Edaran Tan Chong Motor Sdn Bhd (ETCM) expects to achieve the
targeted 15% share of the regional car market in the next five years with new
distribution rights in Indochina and the launch of a new model for the
lucrative mid-sized family sedan market in Malaysia. The company has secured
franchise distribution rights in Laos, Cambodia and Vietnam, while it will
introduce Nissan Almera in the later part of this year. ETCM executive director
Datuk Dr Ang Bon Beng said car sales in other Asean countries are projected to
experience phenomenal growth in the next decade. ETCM is also trying to secure
distribution franchise in other Asean countries, which Ang would not disclose
just yet. He said the tax benefits for automotives in other Asean countries is
another reason for the company’s regional expansion. – Business Times
Sarawak Cable Bhd
(RM1.75/share)
Says it has
capability to develop several small projects in the country
Sarawak Cable Bhd (SCB), which will build its first mini
hydro-power plant in North Sumatra, Indonesia, plans to develop several similar
projects in Peninsular Malaysia. Group managing director and chief executive
officer Toh Chee Ching said the company had secured financing of US$15.0mil
(RM47.5mil) from a local bank to fund the mini hydro dam project in North
Sumatra. In Peninsula Malaysia, Toh said
SCB was carrying out feasibility studies on five proposed mini hydro dam
projects, adding that the studies for three of the projects, which have been
approved by the state government concerned and Tenaga Nasional Bhd (TNB), will
be completed this year. According to Toh, most of the proposed mini hydro power
plants which SCB planned to build have a capacity of 10MW. – StarBiz
CB Industrial
Product Holdings Bhd (RM2.66/share)
To bank on current
interest to cultivate oil palm
Palm oil mill expert, CB Industrial Product Holdings Bhd
(CBIP) will focus on increasing its order book for its Modipalm mills in
Malaysia and overseas while pursuing acquisitions of greenfield landbank in
Indonesia for oil palm plantations this year. Managing director Lim Chai Beng
said the current strong interest to cultivate oil palm especially in Indonesia,
Central America and Africa as a mean to eradicate poverty would provide CBIP
with the opportunity to increase its order book. Lim said that CBIP this year
would be looking at a new market segment while targeting at older and under-performing
mills especially in Malaysia and Indonesia. In addition, the group expects
increasing demand for back-up boiler system as more palm oil mills seek to
minimise the risks of down time. For the overseas market, he said CBIP would be
able to cater for the construction of Modipalm mills from as low as four-tonne
per hour mill in Africa and Central America where palm oil plantations are
still in their infancy. – StarBiz
Sime Darby Bhd
(RM9.80/share)
Expects Weifang port
earnings to triple
Sime Darby Bhd, Malaysia’s largest conglomerate, expects
earnings for its port operations in Weifang to triple to more RM138.0mil within
as early as three years. Timothy Lee Chi Tim, Sime Darby’s executive
vice-president of energy and utilities (China), said they there are many
investors coming into Weifang, driving them to speed up the development. Weifang
Sime Darby Port is the biggest revenue and earnings contributor to the group’s
energy and utilities division in Shandong. Sime Darby’s port operations in Weifang,
Shandong province, currently serve mainly as a dry bulk port and have the capacity
to handle 18 million tonnes of cargoes. More than two-third of the cargoes they
handle are salt and salt chemicals, ores, as well as coke and coal. All, if not
almost all, of the capacity are taken up by the local players. Sime Darby hopes
to boost the capacity to more than 50 million tonnes by 2015. Current expansion
plan includes building liquid berths, roll-on roll-off berths and container
berths, which will allow it to handle containers as well as liquified natural gas.
– Business Times
Source: AmeSecurities
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