WCT Bhd
(RM2.29/share)
Plans two more malls
WCT plans to add two more shopping malls to its portfolio to
create a steady stream of income for the grouop. WCT’s maiden retail project,
AEON Bukit TInggi Shopping Centre, was opened in Klang in 2007 and is currently
leased to retailer Aeon Co Bhd while its second, the Paradigm Mall, was
launched yesterday. Executive Director Choe Kai Keong said WCT’s third mall, at
KL Intenationa Airport 2 (KLIA2) integrated complex, was targeted to be opened
in April next year. “ We will be managing the 350,000 sq ft shopping mall
ourselves. Meanwhile, the fourth mall will be part of a 60- acre mixed
development in Overseas Union Garden with an expected total gross development
value of RM4bil. - The Star
Deleum Bhd
(RM2.57/share)
Eyes RM1bil jobs
Deleum Bhd has submitted tenders for contracts worth a total
of RM1bil since the third quarter of last year. According to Deleum group
managing director Nan Yusri Nan Rahmy, the jobs for which the company has
bidded are mainly local projects within its three core business areas - that
is, pwoer and machinery; oil-field services; and maintenance, repair and
overhaul. Deleum’s current orderbook stands at approximately RM650mil. The
company, which is involved in the provision of specialiseed products and
services in teh oil and gas industry, had earlier been reported to be in the
bidding process to provide specialty chemicals to the St Joseph enhanced oil
recovery (EOR) proejct helmed by Shell in Sabah. The oucome of the tender was
expected to be known by the second half of this year. Besides that, industry
observers believed Deleum was also eyeing for several jobs in EOR fields within
the country, such as the Angsi project in Terengganu. - The Star
Mah Sing Bhd
(RM1.97/share)
May gain up to 25%
margins from Southville
Mah Sing Group is expected to benefit from its latest
purchase in Bangi, Selangor, due to the large pre-tax profit margins the
company can gain from the development. The project would be developed on a
408-acre freehold land and four-acre leasehold land. – Bernama
Bursa Malaysia Bhd
(RM6.19/share)
Plans bond trading
for individuals soon
Bursa Malaysia plans to allow individual investors to start
trading bonds on the bourse in the third quarter to boost liquidity in the
market as it widens its product offerings. Bursa and teh Securities Comission
had agreed in principle to start such as offering and are at the final
preparation stage, chief executive officer Datuk Tajuddin Atan said in an
interview. This woud begin with government-guaranteed or investment-grade vonds,
he said. Malaysia is seeking to follow neighbouring Thailand, Indonesia and the
Philippines where governments or companies already sell bonds in small lots for
individuals to buy through agents, such as banks and brokerages. The move will help boost volume and liquidity in
Malaysia’s debt market, which currently aollows only overthe-counter
transactions involving largely institutional investors. - The Star
Source: AmeSecurities
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