Dialog: It is tipped to bag a rm1 billion drilling contract. It is believed the contract will be awarded by Petronas Carigali Sdn Bhd for the Bayan marginal oilfield located offshore Sarawak. Sources say Dialog’s contract awards in the next few months from Feb 2013 could rise to tm1.5 billion as the company is also in line for additional contracts from Petronas’other production sharing contractors such as Shell, ConocoPhilips, Murphy Oil and Hess.
Puncak Niaga/KPS/JAKS:The Selangor government has made a rm9.65 billion offer for all the four water concessionaires in the state in yet another attempt to lead to the consolidation process ahead of what is viewed as a closely fought general election. The latest offer is the third from Selangor to Syabas, Puncak Niaga Sdn Bhd, Konsortium Abass Sdn Bhd and Splash.
Puncak Niaga, led by Tan Sri Rozali Ismail, is the biggest player by virtue of its 70% stake in SYABAS. The Selangor government through KPS has stakes in SYABAS, SPLASH and Konsortium Abass.
The four concessionaires rejected first offer of rm5.7 billion in 2009 while Puncak Niaga and SYABAS rejected the second offer of rm9.2 billion in 2011.
According to statement, the current (Feb 2013) offer would solve the problem of water privatization and hopes that all involved including Rozali do not prejudice this effort.
Bright Packaging: Four shareholders led by UMNO politican Datuk Wira Syed Ali may have the upper hand at Bright Packaging Bhd’s EGM today (21 Feb 2013) in the company. Sources say they have enough votes as they have been accumulating shares via proxies to win the fight. They collectively own 31.2% stake in Bright Packaging.
They had called for the EGM to remove incumbent MD Wong and his sister and Yeap Cheng Chuan. At the EGM, the requisitionists will seek to appoint themselves to the company’s board. It will be a tough fight as the Wongs own fewer shares than the requistionists. Collectively Wongs own 30.58% stake who are also the single largest shareholder.
MAHB: It is confident it will be able to complete the works at KLIA2 by end of April 2013 and be ready for its scheduled opening on June 28 2013.
Tune Ins: It has put in place a greenhoe stabilizing mechanism to minimize any volatility in its share price upon listing.
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