Gas Malaysia
(RM2.64/share)
Gas Malaysia: 80% of
gas taken up, additional volume to be delivered via extended pipeline
Gas Malaysia Bhd has officially secured contracts for more
than 80% of the additional natural gas volume that is coming on stream next
year. Most of the 40 million standard cu ft per day (mmscfd) increased
allocation by Petronas next year had been allocated for new customers and existing
ones that were undertaking expansion of their facilities. The volume of gas is
just waiting to be delivered via our extended pipeline.
Some of the pipelines are in the midst of construction while
some are in the design process. Target is to complete these pipelines as
quickly as possible so that when the gas becomes available by Jan 1, it can be
deliver it to our customers.
Gas Malaysia had recently signed an agreement with Petronas
Gas Bhd to increase the natural gas supply by 110 mmscfd to 492 mmscfd from its
current 382 mmscfd capacity on a step-up basis, with 40 mmscfd for 2013, 30
mmscfd for 2014 and 40 mmscfd for 2015 – The Star
KKB Engineering
(RM1.51/share)
KKB Engineering
subsidiary gets RM74m CMSB job
KKB Engineering Bhd’s subsidiary has secured a RM74.40mil
contract from Cahaya Mata Sarawak Bhd (CMSB) to supply concrete-lined steel
pipes and steel mechanical couplings. Its subsidiary, Harum Bidang Sdn Bhd had
signed a two-year contract with CMSB’s unit CMS Infra Trading Sdn Bhd to supply
the products. CMSB is a major shareholder of KKB. The contract was expected to
contribute positively to the group’s earnings and net assets for the financial
years ending Dec 31, 2012 to 2014 – The Star
Parkson Holdings
(RM4.67/share)
Parkson plans new
outlet
Parkson Holdings group plans to develop another shopping
mall in Malacca. Its wholly owned subsidiary Megan Mastika Sdn Bhd has signed a
conditional agreement to buy 15 acres in Malacca from Dimensi Andaman Sdn Bhd
for RM98mil in cash. In line with the group’s objective of owning key shopping
malls, the proposed acquisition represent an opportunity to develop a shopping
mall at strategic location in Malacca among the famous tourist attractions and
in an area planned for mixed development
with the advantage of frontage of the sea – The Star
DRB-Hicom
(RM2.55/share)
Razeek likely to head
DRB-Hocom property division
Malaysia Resources Corp Bhd’s (MRCB) ex-CEO, Datuk Mohamed
Razeek Md Hussain Maricar, will be joining DRB-Hicom as the chief operating
officers, with focus on revitalizing the company’s property division. His role
is to unlock values in the group’s vast land banks. Razeek would take on a
senior ole in DRB-Hicom, likely to head its property division – The Star
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