Friday, 20 April 2012

News Highlights - Media Prima, Malaysian Airline System, Berjaya Land


Media Prima Bhd (RM2.52/share)
To diversify earnings
Media Prima Bhd intends to expand its present pay channels and content provision to further diversify its earnings portfolio, said group managing director Datuk Amrin Awaluddin. It now has five channels delivered over UniFi but hopes to expand in the future into any pay TV operators including online and mobile devices. The media group is also looking at widening its revenue source by going regional through the distribution and selling of content. Its content is available on channels such as National Geographic, History and Discovery. –The Edge Financial Daily

Malaysian Airline System Bhd (RM1.28/share)
Change of plan?
Malaysia Airlines (MAS) is said to have gone back to the drawing board to re-set its business plan, four months after it unveiled its new business plan. Those in the know claimed that the thrust forward was for the team to “re-engage and regroup the employees, re-boot and re-set the business plan because of several reasons and circumstances.” – Starbiz

Berjaya Land Bhd (RM0.83/share)
Great Mall of China to be ready by 2017
Berjaya Land Bhd (BLand) is building the world’s biggest integrated mall complex estimated to be worth about RM7.5 billion on a 32ha site in China Hebei Province, its chief said, Called Great Mall of China, the 18.5 million sq ft development, which is similar to the concept of Berjaya Times Square in Kuala Lumpur, is expected to be completed within the next five years, said BLand CEO Datuk Francis Ng Sooi Lin. – Business Times

Source: AmeSecurities 

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