Thursday 28 Mar 2024
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KUALA LUMPUR: Based on news flow and corporate announcements last Friday, the stocks in focus today could include Westports, Pos Malaysia, MAHB, Alam Maritim, Mah Sing and Goldis.

Westports Holdings Bhd’s unit Westports Malaysia Sdn Bhd has received approval for a 30-year extension of its current port concession.

The terminal operator said it had received a notice from the Port Klang Authority (PKA) “agreeing to the extension of concession of 30 years from Sept 1, 2024 to Aug 31, 2054.”

It said the extension is subject to the terms and conditions as set out in the privatisation agreement dated July 25, 1994 and the supplemental agreements executed thereafter, between the government, PKA and Westports.

Pos Malaysia Bhd has recommended a final single tier dividend of 7.1 sen per share for the financial year ended March 31, 2014 (FY14).

The entitlement date and payment date in respect of the proposed final single tier dividend will be determined in due course, it said in a filing with Bursa Malaysia last Friday.

Malaysia Airports Holdings Bhd (MAHB) said the KL International Airport (KLIA) in Sepang handled a record 20.3 million passengers in the first five months of this year, an increase of 12% from 18.2 million passengers a year ago.

MAHB’s newly-appointed managing director Datuk Badlisham Ghazali said between January and May 2014, the KLIA-Main Terminal Building (MTB) also registered passenger movements of 26.7 million, Bernama reported.

“We have long surpassed the original target growth in our business direction document which was to record 60 million passengers, annually, by the year 2014,” he said in his speech at KLIA’s 16th anniversary last Friday.

Badlisham said MAHB also revised the target to record over 100 million passengers by 2020 under its new five-year business direction.

Alam Maritim Resources Bhd is bidding for contracts worth RM2 billion to increase its current order book by 20% from RM1.3 billion, Bernama reported.

Group managing director Datuk Azmi Ahmad said the integrated oil and gas (O&G) services provider was in the midst of tendering for projects and would announce them in the next quarter.

“The group is optimistic about its chances in the involvement of the third wave of offshore support vessel (OSV) contracts to be announced by the early third quarter of this year,” he told a media briefing after the company’s annual general meeting last Friday.

Mah Sing Group Bhd’s managing director and CEO Tan Sri Leong Hoy Kum said the second half of the year will see stronger buying momentum in the property sector ahead of the goods and services tax (GST) implementation on April 1, 2015.

“We expect stronger buying momentum in the second half of the year, with potential buyers expected to buy ahead of the GST implementation next year,” Leong said in a statement after Mah Sing’s 22nd AGM last Friday.

He said the fundamentals that drive the property market are still strong, adding Mah Sing is selectively optimistic about certain segments.

“Our market research and consumer feedback tell us that the focus of this year is to ensure affordability in strategic locations coupled with good concept,” he remarked.

Goldis Bhd, whose share price hit a seven-year high last Friday due to market talk that the company will be taken private by its major shareholder, said it is unaware of such a move.

“The company has not received any takeover notice and the company is not aware of any potential takeover offer as reported,” said the company in response to a query by Bursa Malaysia.

At market close last Friday, the stock rose 20 sen or 9% to RM2.41 per share after hitting a high of RM2.42 earlier. This level was last seen in 2007.

The stock, which normally attracted little interest, fetched trades of some 1.85 million shares.


This article first appeared in The Edge Financial Daily, on June 30, 2014.


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