The No. 1 maker of microprocessors said production will be halted at the Fab 20 facility in Hillsboro, Ore., and the D2 facility in Santa Clara, Calif.
Operations are being shut at two facilities in Penang, Malaysia, and a third in Cavite, Philippines.
The plant shutdowns are slated to occur between now and the end of the year, according to Intel.
By Kenneth Musante, CNNMoney.com staff writer
Last Updated: January 21, 2009: 5:55 PM ET
星期四, 一月 22, 2009
星期三, 一月 21, 2009
To Raise at least RM1 billion from Bond Sale
PUBLIC Bank Bhd (1295), the country's third biggest lender, plans to raise at least RM1 billion from a bond sale this year to improve its capital position.
The debt will take the form of Tier-1 capital securities and subordinated debt securities, Public Bank chief operating officer Leong Kwok Nyem said.
4th Quarter Results
Net profit rose 13 per cent due to lower tax charges.
Quarterly pre-tax profit dropped 1 per cent as it set aside more money to cover potential bad loans.
A net profit of RM654 million for the quarter to December 31 2008.
Net interest income, or interest on loans after deducting those paid out for deposits, rose 9.2 per cent to RM952 million.
For Full Year
Net profit rose 22 per cent to RM2.58 billion, driven by healthy growth in net interest and financing income and other operating income.
Dividend
Proposed a final cash dividend of 25 sen and a share dividend of 33.7 sen.
Together with the 30-sen interim cash dividend declared earlier, this makes a total of 88.7 sen a share for the year, or a payout of RM2.22 billion.
Public Bank's strategy this year is to focus on the consumer and small- to medium-sized enterprises (SMEs) as well as expand its depositor base.
It aims to grow loans by about 15 per cent this year, Public Bank managing director Datuk Seri Tay Ah Lek said.
"This means an additional RM18 billion to the group's total loan outstanding. This is a respectable number," he added.
The group's net non-performing loan (NPL) ratio further improved to 0.86 per cent per cent last year, which was about a third of the banking industry's net NPL ratio of 2.4 per cent.
昇喜產托淨利飆636%
即時新聞 國內財經 2009-01-21 14:05
（吉隆坡）昇喜產業信托（STAREIT,5109,主板產業投資信托組）截至2008年12月31日止首6個月，淨利狂飆635.67倍至2億9509萬7000令吉，前期為4011萬3000令吉。
首6個月營業額從5357萬7000令吉，微增2.79%至5507萬4000令吉。
單季的淨利為2000令10萬4000令吉，這間公司於首3個月期間重估樂天大廈、昇喜廣場和吉隆坡萬豪酒店，取得2億5435萬令吉的未實現盈利。
董事部建議派發免稅的每單位中期收入3.4554仙。
（吉隆坡）昇喜產業信托（STAREIT,5109,主板產業投資信托組）截至2008年12月31日止首6個月，淨利狂飆635.67倍至2億9509萬7000令吉，前期為4011萬3000令吉。
首6個月營業額從5357萬7000令吉，微增2.79%至5507萬4000令吉。
單季的淨利為2000令10萬4000令吉，這間公司於首3個月期間重估樂天大廈、昇喜廣場和吉隆坡萬豪酒店，取得2億5435萬令吉的未實現盈利。
董事部建議派發免稅的每單位中期收入3.4554仙。
星期四, 一月 15, 2009
Dividend Stocks (SG)
As we enter the new year, this is the bonus post that hopefully can make us rich in time to come!
Short Name Industry Subgroup Dividend Yield
SINGAP SHIPPING Transport-Marine 10.53
SIA ENGINEERING Commercial Services 10.05
MOBILEONE LTD Cellular Telecom 9.864
SINGAP AIRPORT T Airport Develop/Maint 9.859
DEL MONTE PAC LT Food-Canned 9.586
SINGAP REINSURAN Reinsurance 9.154
SINGAP PRESS HGS Publishing-Newspapers 8.599
CEREBOS PACIFIC Food-Misc/Diversified 8.503
SINGAPORE POST Transport-Services 8.17
SINGAPORE FOOD Food-Misc/Diversified 7.684
SINGAPORE EXCH Finance-Other Services 7.49
HAW PAR CORP Diversified Operations 6.964
SINGAPURA FINANC Finance-Mtge Loan/Banker 6.667
UNITED O/S INSUR Property/Casualty Ins 6.55
HONG LEONG FINAN Finance-Other Services 6.341
PARKWAY HLDGS Medical-Hospitals 5.804
GREAT EAST HOLD Life/Health Insurance 5.791
SING INV FIN Diversified Finan Serv 5.714
CHUAN HUP HLDGS Transport-Marine 5.263
UNITED OVERSEAS Commer Banks Non-US 5.208
RAFFLES EDUCATIO Schools 5.13
APB BREWERIES Brewery 3.168
This is a list of stocks that have never had a single year of negative free cash flow for the past 8 years and hence I would deem that they should be able to pay dividends for the foreseeable future.
As a surprise, high dividend yield is not selected as a criteria for this list but 15 out of 23 stocks have a dividend yield of more than 6% which I think as high considering that with their strong FCF generative ability, the co.s have less probability of cutting their dividends and what you see is likely to be what you can get as dividends. But don’t be too hopeful, co. mgmt can play the conservative card and decide to keep cash and not pay you.
Short Name Industry Subgroup Dividend Yield
SINGAP SHIPPING Transport-Marine 10.53
SIA ENGINEERING Commercial Services 10.05
MOBILEONE LTD Cellular Telecom 9.864
SINGAP AIRPORT T Airport Develop/Maint 9.859
DEL MONTE PAC LT Food-Canned 9.586
SINGAP REINSURAN Reinsurance 9.154
SINGAP PRESS HGS Publishing-Newspapers 8.599
CEREBOS PACIFIC Food-Misc/Diversified 8.503
SINGAPORE POST Transport-Services 8.17
SINGAPORE FOOD Food-Misc/Diversified 7.684
SINGAPORE EXCH Finance-Other Services 7.49
HAW PAR CORP Diversified Operations 6.964
SINGAPURA FINANC Finance-Mtge Loan/Banker 6.667
UNITED O/S INSUR Property/Casualty Ins 6.55
HONG LEONG FINAN Finance-Other Services 6.341
PARKWAY HLDGS Medical-Hospitals 5.804
GREAT EAST HOLD Life/Health Insurance 5.791
SING INV FIN Diversified Finan Serv 5.714
CHUAN HUP HLDGS Transport-Marine 5.263
UNITED OVERSEAS Commer Banks Non-US 5.208
RAFFLES EDUCATIO Schools 5.13
APB BREWERIES Brewery 3.168
This is a list of stocks that have never had a single year of negative free cash flow for the past 8 years and hence I would deem that they should be able to pay dividends for the foreseeable future.
As a surprise, high dividend yield is not selected as a criteria for this list but 15 out of 23 stocks have a dividend yield of more than 6% which I think as high considering that with their strong FCF generative ability, the co.s have less probability of cutting their dividends and what you see is likely to be what you can get as dividends. But don’t be too hopeful, co. mgmt can play the conservative card and decide to keep cash and not pay you.
HAIO & ZHULIAN
HAIO
坐擁4790萬令吉現金.
海鷗承諾，將保留50%盈利作為股息。
海鷗在08財年的股息回酬達12.3%，預測09財年可維持同樣回酬。
ZHULIAN
现金有1.2亿
total liabilities只有3千300万
每unit有0.347的现金
Drawback : 董事费高
以下是这间公司过去的派息记录：
18/8/07派发中期股息7仙
16/11/2007派发第二次中期股息3.5仙
26/02/2008派发中期股息5仙
03/06/2008派发第一次中期股息2仙
08/09/2008派发第二次中期股息3仙
08/12/2008派发中期股息3仙
坐擁4790萬令吉現金.
海鷗承諾，將保留50%盈利作為股息。
海鷗在08財年的股息回酬達12.3%，預測09財年可維持同樣回酬。
ZHULIAN
现金有1.2亿
total liabilities只有3千300万
每unit有0.347的现金
Drawback : 董事费高
以下是这间公司过去的派息记录：
18/8/07派发中期股息7仙
16/11/2007派发第二次中期股息3.5仙
26/02/2008派发中期股息5仙
03/06/2008派发第一次中期股息2仙
08/09/2008派发第二次中期股息3仙
08/12/2008派发中期股息3仙
星期三, 一月 14, 2009
星期二, 一月 13, 2009
Dividend Policy
It’s not so much about the dividend yield but it is the dividend policy of some bluechips that some investors may find the information useful to them.
棕油價震盪料受控‧IOI維持派息率50%
大馬財經 2009-01-12 18:05
（吉隆坡）雖然全球經濟開始放緩，但IOI集團（IOICORP,1961,主板種植組）相信，原棕油需求料持續回揚，價格劇烈波動格局將受控。
IOI評級遭下調
不過，分析員認為，此公司宏觀展望雖有改善，但原棕油昔日風光難返，加上產業臂膀銷售疲憊，盈利賺益恐持續受壓，因而下調其評級。
達證券在近期造訪IOI集團後如是分析。
IOI集團相信，原棕油需求料因人口增加而上漲3至4%。“歐洲和美國市場需求持續旺盛，主要由食品領域推動，而生物柴油業也出現復甦，特別是歐盟。目前，鹿特丹提煉廠已將20至30%產量出售於生物柴油和發電領域。”
違約率料趨穩
此公司管理層表示，在2008年上半年，公司總違約率介於1萬至2萬公噸間，遠比340萬公噸提煉總產量為低，主要是歐盟、美國擁有良好信貸評級的買家成功轉移風險，相信隨著原棕油價格波動格局受控，違約率料趨向穩定。
此公司不願對原棕油價作出預測，但透露舒適水平落在每公噸1800至2000令吉。達證券預測今年平均原棕油價將企於每公噸2000令吉。
鑒於原棕油價持續低迷，IOI集團管理層將採取積極現金流管理措施，但保證維持40至50%淨利派息率不變。
此公司計劃維持印尼每年栽種1萬5000公頃園丘目標，但削減下游製造活動擴充資本，未來2年資本開銷將從每年7億或8億令吉下調至5億令吉，股票回購計劃也暫擱置（最近一次回購為去年12月2日）。
此外，儘管平均每公頃肥料成本已從去年的1800令吉下滑17%至1500令吉，但今年上半年成本仍遠較2007年的每公頃1100令吉為高。
同時，IOI集團也計劃在今年翻種5%成熟園丘，較往常的3至4%為高，以從政府2億令吉翻種獎掖中獲利。
產業銷售或跌逾20%
至於產業發展業務，分析員認為，經濟放緩將對產業市場帶來雙倍衝擊，主要是疲憊需求恐導致新推介計劃展延，從而導致銷售下滑，預計2009財政年銷售可能按年下跌超過20%。
IOI集團管理層表示，儘管建築成本也持續呈跌勢發展，但憂慮相關利好將遭銷售成績參差抵銷，預計產業發展業務營運賺益將維持在40%水平，但較上財年的49%遜色。
達證券指出，儘管宏觀前景改善，但相信已反映在其17至18倍本益比估值上。以合理14倍本益比計算，需在2009財政年取得每公噸3千零50令吉平均售價，方可達到相關估值水平。
“當前原棕油售價為每公噸1900令吉，雖然整體前景展望正面，料不會在可預見的未來能重試相關水平。”
許福裕任財務董事
IOI集團（IOICORP,1961,主板種植組）執行主席丹斯里李深靜透露，此集團新任財務董事許福裕已在今年1月2日正式上任。
許福裕是接替拿督楊豪的職位，後者加入新加坡的一家印尼種植公司。
加入IOI集團之前，許福裕是興業資本（RHBCAP,1066,主板金融組）的中央財務策略運作單位主管，在這之前，他是興業銀行的首席財務員，在拉興胡申集團已服務約11年。
他氏對油棕業也頗熟悉，在1989年至1996年曾擔任森那美（SIME,4197,主板貿服組） 的財務董事。
也是一名特許會計師的許福裕，擁有大約30年稽查、企業融資、財務會計及管理的經驗。
星期二, 一月 06, 2009
Cash Rich Companies
Below are the companies within the top 100 biggest market cap with the most net cash:
1) Berkshire Hathaway $106bn
2) Bank of China $100.6bn
3) Industrial & Comm Bank of China $89bn
4) China Construction Bank $81.5bn
5) ExxonMobil $28.2bn
6) Apple $24.5bn
7) Cisco Systems $19.9bn
8) Microsoft $18.7bn
9) Google $14.4bn
10) Nintendo $11bn
11) Roche $9.9bn
12) Intel $9.8bn
13) Pfizer $9.7bn
14) Qualcomm $6.4bn
15) CNOOC $6.1bn
16) Visa $5.2bn
17) China Life $4.3bn
18) Nokia $4.1bn
19) Chevron $4bn
20) Genentech $2.9bn
21) Wyeth $2.7bn
22) Statoil Hydro $2.2bn
23) Oracle $1.8bn
24) Axa $1.7bn
25) Bristol Myers Squibb $1.2bn
Out of the top 100 biggest companies in the world, only 29 are in a net cash position. Cash within a company won't be valued at a premium if the company is perceived to be just sitting on it. Cash per share valuation will only be relevant if its a good M&A candidate, thus ruling out most China companies. Cash basically only creates a buffer for NTA valuation, which is good if you are breaking up the company or selling the company, or distributing them as dividends.
Many of the companies use their cash as investing/ corp acquisition strategy: Berkshire Hathaway, the bulk of tech companies and also drug companies - they will acquire strategic stakes to protect their turf or to fuel growth via acquisition.
Companies that uses cash to buyback shares might as well give back as dividends. I am always against share buybacks. Taking them private usually will not happen as the size is too big. Actually if KKR and TPG were to pool their resources together, in a bull market setting, they can very well take some of them private... but certainly not in current market conditions.
Locally, there are very sizable cash rich companies, but to compare on absolute basis is a bit one dimensional. A better measure would be to take the cash per share and divide it as a percentage of market price. All in RM.
Net Cash / Paid up / Cash Per Share / % of Mkt Price
MAS 4.4bn / 1.25bn / 3.52 / 109%
-admirable considering that the company has had to deal with very high jet fuel prices over the past few years, as long as Jala is at the helm, MAS can be a core long term holding
Resorts 4.15bn / 5.68bn / 0.73 / 30%
Genting 2.16bn / 3.69bn / 0.58 / 14.8%
- the cost overruns at Sentosa and slumping revenue at overseas subsidiaries may stretch demand on its cash hoard, share buybacks will have to take a backseat, cautious on both stocks
PetGas 1.53bn / 1.978bn / 0.77 / 7.8%
Sime Darby 1.16bn / 5.997bn / 0.19 / 3.2%
- very low cash position for the world' biggest plantation company, simmering problems with integration of other big plantation firms, avoid for now
Proton 1.14bn / 549m / 2.07 / 110%
- solid buy for cash if the company can be sold to a foreign carmaker, cash alone worth more than the stock, i.e. its auto assembly assets are valued at less than zero
Bursa 1bn / 519m / 1.92 / 33%
Malaysia Airports 766m / 1.1bn / 0.69 / 29.8%
UMW 745m / 521m / 1.42 / 26.7%
DIGI 504.8m / 750m / 0.67 / 2.8%
Bintulu Port 488m / 400m / 1.22 / 21.7%
- often ignored but a good, solid, conservative company, core holding
Star Pub 457m / 738m / 0.62 / 19%
YNH 323m / 356.6m / 0.90 / 75.4%
- one of the better managed property companies
Asiatic 279m / 752m / 0.37 / 8.7%
Amway 244m / 164.3m / 1.48 / 21.5%
Carlsberg 222m / 308m / 0.72 / 19.6%
JT 213m / 261.5m / 0.81 / 18%
TH Plant 204.6m / 196m / 1.04 / 77%
- another conservative plantation company, if it can boost its CPO yield, valuations will fly
仅提供优惠价购买天然气 国能未津贴发电厂及国能
转载新闻 二零零八年七月八日 下午四时五十八分
首相署副部长拿督迪瓦玛尼表示，国油公司（Petronas）并没有给予任何金钱上的津贴予独立发电厂（IPP）或是国家能源公司（国能TNB），只是给予两者“优惠价”购买天然气。
他今日在下议院回答峇眼国会议员林冠英的口头问答时说，根据国油与相关单位于1997年所签署的“天然气供应协议”规定，政府必须以较低的价格出售天然气予能源领域，目的是要控制发电的成本和用户有能力偿还电费。
他披露，这种津贴方式并没有为独立发电厂带来任何益处，反观是对消耗较低电源的用户有利。
据市价浮动调整
他补充说，国油是根据“天然气供应协议”为国能、独立发电厂及半岛一带的工业区提供“优惠价”的天然气，而这个“优惠价”是根据市场价格的浮动而作出调整。
他表示，自1997年5月起，政府给予能源领域的天然气“优惠价”为每单位6令吉40仙，而自2002年10月起，政府给予工业领域的天然气“优惠价”为每单位11令吉32仙，大马天然气私人有限公司为每单位9令吉40仙。
他指出，自今年6月4日起，政府已经宣布重组津贴机制，这包括减少对能源领域的天然气津贴。根据新的机制，国油以每单位14令吉31仙出售天然气予能源领域，从今年7月1日生效。
他解释，这项新机制目的是要每年对能源领域减少5%的“优惠价”以在未来15年内将优惠价达到市场的销售价。
不愿回答津贴发电站数额 冠英：迪瓦玛尼维护朋党
槟州首席部长林冠英对于首相署副部长拿督迪瓦玛尼不愿意回答，政府津贴给独立发电站的数额，这显示政府正在维护本身的“朋党”，继续让本身的“朋党”受益。
他在新闻发布会上指出，首相阿都拉曾透过书面回答指出，政府给予国油的津贴达780亿令吉。
可是迪瓦玛尼则不愿回答，政府提供给独立发电站的津贴，这显示有关津贴显然不是维护人民的人民，反之这是在维护本身“朋党”的利益。
他坦言，在750亿令吉给国油的津贴中，其中有450亿令吉是拨给独立发电站。因此，如果把部份给独立发电站的拨款，平分的人民，相信每个人民可获得达3000令吉的津贴。
他说：“目前国内只有区区的数家独立发电站从中获益，这显示维护“朋党”的举动。”
首相署副部长拿督迪瓦玛尼表示，国油公司（Petronas）并没有给予任何金钱上的津贴予独立发电厂（IPP）或是国家能源公司（国能TNB），只是给予两者“优惠价”购买天然气。
他今日在下议院回答峇眼国会议员林冠英的口头问答时说，根据国油与相关单位于1997年所签署的“天然气供应协议”规定，政府必须以较低的价格出售天然气予能源领域，目的是要控制发电的成本和用户有能力偿还电费。
他披露，这种津贴方式并没有为独立发电厂带来任何益处，反观是对消耗较低电源的用户有利。
据市价浮动调整
他补充说，国油是根据“天然气供应协议”为国能、独立发电厂及半岛一带的工业区提供“优惠价”的天然气，而这个“优惠价”是根据市场价格的浮动而作出调整。
他表示，自1997年5月起，政府给予能源领域的天然气“优惠价”为每单位6令吉40仙，而自2002年10月起，政府给予工业领域的天然气“优惠价”为每单位11令吉32仙，大马天然气私人有限公司为每单位9令吉40仙。
他指出，自今年6月4日起，政府已经宣布重组津贴机制，这包括减少对能源领域的天然气津贴。根据新的机制，国油以每单位14令吉31仙出售天然气予能源领域，从今年7月1日生效。
他解释，这项新机制目的是要每年对能源领域减少5%的“优惠价”以在未来15年内将优惠价达到市场的销售价。
不愿回答津贴发电站数额 冠英：迪瓦玛尼维护朋党
槟州首席部长林冠英对于首相署副部长拿督迪瓦玛尼不愿意回答，政府津贴给独立发电站的数额，这显示政府正在维护本身的“朋党”，继续让本身的“朋党”受益。
他在新闻发布会上指出，首相阿都拉曾透过书面回答指出，政府给予国油的津贴达780亿令吉。
可是迪瓦玛尼则不愿回答，政府提供给独立发电站的津贴，这显示有关津贴显然不是维护人民的人民，反之这是在维护本身“朋党”的利益。
他坦言，在750亿令吉给国油的津贴中，其中有450亿令吉是拨给独立发电站。因此，如果把部份给独立发电站的拨款，平分的人民，相信每个人民可获得达3000令吉的津贴。
他说：“目前国内只有区区的数家独立发电站从中获益，这显示维护“朋党”的举动。”
YTL Defends Power Plan
YTL Power has proposed to invest almost RM4 billion, assuming it can build a new 1,200-megawatt plant, to replace its ageing plants.
The source explained that the proposal was not to double YTL Power's capacity but rather for the group to maintain its current generation size.
The new plant, to be built at no cost to Tenaga Nasional Bhd (TNB), would use 20 per cent less gas.
"The country would save 20 per cent of the gas currently utilised. The quantity of gas saved could be redeployed for use by other industries," said the source.
This could help Malaysia deal with gas supply issues given Petroliam Nasional Bhd's uncertainty of new supply after 2016.
TNB would also benefit from having to pay less for fuel, which IPPs currently pass through to the national utility, he said.
YTL Power made its proposal sometime in July last year in response to the call by the Minister of Energy, Water and Communications for more efficient IPPs which could produce the same amount of power with less gas.
At present, YTL Power operates a plant each in Terengganu and Johor, with a total capacity of 1,212MW. It sells power to TNB under long-term contracts that expire in 2015.
According to the source, YTL Power might be willing to strike a lower price for power from its proposed new plant.
Under the existing contract, YTL Power sells electricity to TNB at 15 sen per kilowatt-hour (kWh). Between 2001 and 2003, it sold excess power to the utility at 10.9 sen per kWh.
In November last year, Energy, Water and Communications Minister Datuk Shaziman Abu Mansor said Malaysia did not need a new power plant until end-2009 owing to high levels of spare capacity.
The 1,400MW Jimah coal plant in Negri Sembilan will push spare capacity over 50 per cent when it starts this year.
TNB may also not be worried about new capacity by 2015, said AmResearch analyst Alex Goh.
" ... the supply could come from the 2,400MW Bakun hydro-electric dam and undersea submarine cable, which will be operational by then," he said in a report.
The source explained that the proposal was not to double YTL Power's capacity but rather for the group to maintain its current generation size.
The new plant, to be built at no cost to Tenaga Nasional Bhd (TNB), would use 20 per cent less gas.
"The country would save 20 per cent of the gas currently utilised. The quantity of gas saved could be redeployed for use by other industries," said the source.
This could help Malaysia deal with gas supply issues given Petroliam Nasional Bhd's uncertainty of new supply after 2016.
TNB would also benefit from having to pay less for fuel, which IPPs currently pass through to the national utility, he said.
YTL Power made its proposal sometime in July last year in response to the call by the Minister of Energy, Water and Communications for more efficient IPPs which could produce the same amount of power with less gas.
At present, YTL Power operates a plant each in Terengganu and Johor, with a total capacity of 1,212MW. It sells power to TNB under long-term contracts that expire in 2015.
According to the source, YTL Power might be willing to strike a lower price for power from its proposed new plant.
Under the existing contract, YTL Power sells electricity to TNB at 15 sen per kilowatt-hour (kWh). Between 2001 and 2003, it sold excess power to the utility at 10.9 sen per kWh.
In November last year, Energy, Water and Communications Minister Datuk Shaziman Abu Mansor said Malaysia did not need a new power plant until end-2009 owing to high levels of spare capacity.
The 1,400MW Jimah coal plant in Negri Sembilan will push spare capacity over 50 per cent when it starts this year.
TNB may also not be worried about new capacity by 2015, said AmResearch analyst Alex Goh.
" ... the supply could come from the 2,400MW Bakun hydro-electric dam and undersea submarine cable, which will be operational by then," he said in a report.
星期五, 一月 02, 2009
RESORTS World Bhd
RESORTS World Bhd seems to be regaining the favour of investors after the recent selldown of its shares, following its announcement of a related-party acquisition, involving a 10% stake in Walker Digital Gaming LLC (WDG) and a 100% of Digital Tree for US$69mil, late last month.
Its share price has been beaten down to an attractive valuation that it is currently trading at an undemanding price/earnings ratio of about eight times; hence, an opportune time to begin accumulating the defensive stock.
Resorts was one of the most actively traded stocks over the week and analysts believe there is further upside for the counter, particularly in this window-dressing season.
The company on Wednesday announced to Bursa Malaysia that it had completed its proposed acquisition of WDG and Digital Tree. The company is currently scouting for more gaming-related acquisition opportunities in Macau and Las Vegas in the United States.
Given its robust net cash position, Resorts could easily afford to go on a shopping spree for good deals. By the end of the year, Resorts’ cash pile is expected to reach RM5bil.
Against the backdrop of a challenging economic environment, Resorts’ earnings have remained fairly stable and resilient. For the nine months ended September 2008, the company posted a net profit of around RM1bil (-15.6% year-on-year) on revenue of RM3.6bil (+10.8% y-o-y).
EPF may bid for Menara Citibank
Menara Citibank, a 50-storey building that is almost fully occupied, is up for sale again after IOI Corp Bhd called off its purchase that was priced at RM586.73 million.
IOI backed out of the deal in November, forfeiting its RM73.36 million deposit paid to Inverfin Sdn Bhd, citing concern over the economy.
Inverfin is 50 per cent owned by Menara Citi Holding Co Sdn Bhd, a unit of US bank Citigroup. Singapore's CapitaLand Ltd holds another 30 per cent, while Amsteel Corp Bhd owns the rest.
Menara Citibank has a net lettable area of 733,626 sq ft and 99 per cent occupancy rate. The net book value of the building as of December 31 2007 is RM458 million and the gross rental revenue is RM43.3 million (excluding revenue from the car park of RM3.3 million).
EPF invested RM1.78 billion in real estate in 2007, or just 0.6 per cent of its total investments. Its portfolio includes properties such as the Sogo shopping mall, Wisma KFC and a building in KL Sentral.
星期四, 一月 01, 2009
DOW ups 108 points closing 2008
DOW ups 108 points closing 2008. Light, sweet crude for February delivery rose $5.57, or 14.2%, to settle at $44.60 a barrel on the New York Mercantile Exchange on 31/12/2008. Oil could rebound next year? KLSE testing 900 points soon? It largely depends on the plantation performance.. Obama rally? CNY rally? Going south after all the rallies? Testing 700 then?
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