CIMB Equities Research has estimated MRCB’s net profit for the financial year ended Dec 31, 2007 to reach RM61.20 million from RM36.8 million in FY06. For FY08, it estimates net profit to surge to RM98.5 million and for FY09, RM126.4 million.
MRCB and Pelaburan Hartanah Bumiputera Bhd proposed to jointly set up Penang Sentral Sdn Bhd for the Penang Sentral project that would include the development of an Integrated Transportation Hub. It will integrate Penang’s ferry, train, intercity and intra-city bus and taxi services and a monorail station.
Observers expected MRCB, as one of the two local specialists in the installation of power transmission cables, to play a significant role in the installation of land-based transmission lines for the Bakun project.
MRCB is to secure the RM1.6 billion monorail project and the proposed RM1.1 billion Penang Outer Ring Road project.
source:
http://www.theedgedaily.com/cms/content.jsp?id=com.tms.cms.article.Article_66beb0ce-cb73c03a-39060b00-f09b86bd
Friday, January 11, 2008
Wednesday, January 9, 2008
Supermax nitrile glove patent
Tillotson Corporation, the US-based owner of the nitrile glove patent.
Companies in the Supermax Group — Seal Polymer Corporation Bhd, Supermax Manufacturing Sdn Bhd, Maxter Glove Manufacturing Sdn Bhd, Supermax Latex Products Sdn Bhd, Supermax Inc and Asia Pacific Latex Sdn Bhd, a unit of APL Industries Bhd
Supermax Corporation Bhd has agreed to pay US$1.05 million (RM3.46 million) as part of its settlement and licence agreement with Tillotson Corporation, The licence agreement also covers companies in the Supermax Group
Supermax will also pay royalties of US$2 per 1,000 gloves for sale of nitrile gloves to unlicensed distributors and US$1 per 1,000 gloves to licensed distributor as part of the agreement, The royalties have been budgeted (since August 2007) into all forward sales of nitrile gloves to the US market.
source:
http://www.theedgedaily.com/cms/content.jsp?id=com.tms.cms.article.Article_5d23bc6f-cb73c03a-39060b00-97d14ac0
Companies in the Supermax Group — Seal Polymer Corporation Bhd, Supermax Manufacturing Sdn Bhd, Maxter Glove Manufacturing Sdn Bhd, Supermax Latex Products Sdn Bhd, Supermax Inc and Asia Pacific Latex Sdn Bhd, a unit of APL Industries Bhd
Supermax Corporation Bhd has agreed to pay US$1.05 million (RM3.46 million) as part of its settlement and licence agreement with Tillotson Corporation, The licence agreement also covers companies in the Supermax Group
Supermax will also pay royalties of US$2 per 1,000 gloves for sale of nitrile gloves to unlicensed distributors and US$1 per 1,000 gloves to licensed distributor as part of the agreement, The royalties have been budgeted (since August 2007) into all forward sales of nitrile gloves to the US market.
source:
http://www.theedgedaily.com/cms/content.jsp?id=com.tms.cms.article.Article_5d23bc6f-cb73c03a-39060b00-97d14ac0
Gamuda
Euromoney magazine has named Gamuda Bhd the “Best Managed and Governed Company in Asia 2008” for construction services, for its clear and differentiated strategy, strong execution and delivery, high dividend payouts, management accessibility and investor relations’ transparency.
Gamuda was delighted that its efforts to build an innovative engineering and construction business that was internationally competitive had been recognised by the leading equity analysts in the investment community.
source:
http://www.theedgedaily.com/cms/content.jsp?id=com.tms.cms.article.Article_5d364a9e-cb73c03a-39060b00-a0fb5d53
Gamuda was delighted that its efforts to build an innovative engineering and construction business that was internationally competitive had been recognised by the leading equity analysts in the investment community.
source:
http://www.theedgedaily.com/cms/content.jsp?id=com.tms.cms.article.Article_5d364a9e-cb73c03a-39060b00-a0fb5d53
Sunday, January 6, 2008
KUALA LUMPUR KEPONG BERHAD
Malaysian multinational company involved in plantation, manufacturing, retailing and property development.
KLK is amongst the top plantation companies in Malaysia, with a land bank in excess of 360,000 acres, located in Peninsular Malaysia (160,000 acres), Sabah (100,000 acres) and Indonesia (100,000 acres).
Oil palm is the predominant crop with an annual production of 1.9 million tonnes of Fresh Fruit Bunches (FFB) and which is expected to increase rapidly in the years ahead as the vast new plantings in Sabah and Indonesia are progressively brought into harvesting. Processing of the crop is carried out in KLK's own mills and refineries into crude palm oil, RBD palm olein and stearin, and kernel oil and cake.
The declining rubber area in Peninsular Malaysia, in favour of oil palm, has been made up to an extent by the new rubber area from KLK's plantations in Indonesia. This will enable KLK to maintain a steady yearly production of about 25,000 tonnes of premium SIR/SMR grades and latex concentrate, meeting with the MS ISO 9002 standards.
Whilst plantation remains KLK's core business, the Group has expanded downstream into resource-based manufacturing, in particular oleochemicals, cocoa processing and rubber processing, involved in the manufacture and retail of personal care products, toiletries, home fragrances and fine foods.
The Group operates an oleochemical complex located in Rawang, Selangor, which produces a wide range of vegetable oil based fatty acids & glycerine, ethylene-bis-stearamide (a plastic additive), coconut diethanolamide (a foam booster for shampoo), and vegetable based soap noodles for the toilet soap industry.
KLK's vegetable oil refineries in China produce edible oil for use in the food and confectionery industry.
Another subsidiary, Standard Soap, based in UK is involved in the contract manufacturing of soaps and toiletries for the UK and Europe markets.
The Group also operates one of Asia's largest cocoa manufacturing plant producing high quality cocoa liquor, butter and powder.
We also produce latex examination, rubber household and industrial gloves for overseas markets.
KLK's wooden parquet flooring factory in Ipoh produces quality parquet mainly for the export market.
"SIERRAMAS" project in Sungai Buloh, one of KLK joint ventured projects.
Official site:
http://www.klk.com.my/main.htm
KLK is amongst the top plantation companies in Malaysia, with a land bank in excess of 360,000 acres, located in Peninsular Malaysia (160,000 acres), Sabah (100,000 acres) and Indonesia (100,000 acres).
Oil palm is the predominant crop with an annual production of 1.9 million tonnes of Fresh Fruit Bunches (FFB) and which is expected to increase rapidly in the years ahead as the vast new plantings in Sabah and Indonesia are progressively brought into harvesting. Processing of the crop is carried out in KLK's own mills and refineries into crude palm oil, RBD palm olein and stearin, and kernel oil and cake.
The declining rubber area in Peninsular Malaysia, in favour of oil palm, has been made up to an extent by the new rubber area from KLK's plantations in Indonesia. This will enable KLK to maintain a steady yearly production of about 25,000 tonnes of premium SIR/SMR grades and latex concentrate, meeting with the MS ISO 9002 standards.
Whilst plantation remains KLK's core business, the Group has expanded downstream into resource-based manufacturing, in particular oleochemicals, cocoa processing and rubber processing, involved in the manufacture and retail of personal care products, toiletries, home fragrances and fine foods.
The Group operates an oleochemical complex located in Rawang, Selangor, which produces a wide range of vegetable oil based fatty acids & glycerine, ethylene-bis-stearamide (a plastic additive), coconut diethanolamide (a foam booster for shampoo), and vegetable based soap noodles for the toilet soap industry.
KLK's vegetable oil refineries in China produce edible oil for use in the food and confectionery industry.
Another subsidiary, Standard Soap, based in UK is involved in the contract manufacturing of soaps and toiletries for the UK and Europe markets.
The Group also operates one of Asia's largest cocoa manufacturing plant producing high quality cocoa liquor, butter and powder.
We also produce latex examination, rubber household and industrial gloves for overseas markets.
KLK's wooden parquet flooring factory in Ipoh produces quality parquet mainly for the export market.
"SIERRAMAS" project in Sungai Buloh, one of KLK joint ventured projects.
Official site:
http://www.klk.com.my/main.htm
Asiatic Development Berhad
Asiatic currently ranks amongst the top 10 listed companies in terms of market capitalisation in the plantation sector.
Asiatic Kulai Besar Estate is now being developed as the mega Asiatic Indahpura "Beautiful City" project in Kulai, Johor.
plantation business remains the core activity, ventured into property development with the objectives to unlock the potential of its strategically located land bank.
official site:
http://www.asiatic.com.my/
Asiatic Kulai Besar Estate is now being developed as the mega Asiatic Indahpura "Beautiful City" project in Kulai, Johor.
plantation business remains the core activity, ventured into property development with the objectives to unlock the potential of its strategically located land bank.
official site:
http://www.asiatic.com.my/
Wednesday, January 2, 2008
Weng Zheng Resources Bhd
Listing on Bursa Malaysia's second board .
The group specialises in the manufacturing and trading of high precision cold drawn steel that is used for a wide range of engineering applications.
The average investment per production line cost between RM4mil and RM5mil.
The group's production lines, which are based in Balakong, currently have a combined capacity of approximately 1,500 tonnes to 1,800 tonnes per month.
The (cold drawn steel) industry in Malaysia is a niche market. There is actually one other player in this segment but owned by a foreign (Japanese) investor. Most of competitors are based overseas.
Since 2003, Weng Zheng has ventured into Indonesia, Singapore, Thailand, Hong Kong, Australia, Vietnam and most recently New Zealand.
source:
http://biz.thestar.com.my/news/story.asp?file=/2008/1/2/business/20080102141223&sec=business
The group specialises in the manufacturing and trading of high precision cold drawn steel that is used for a wide range of engineering applications.
The average investment per production line cost between RM4mil and RM5mil.
The group's production lines, which are based in Balakong, currently have a combined capacity of approximately 1,500 tonnes to 1,800 tonnes per month.
The (cold drawn steel) industry in Malaysia is a niche market. There is actually one other player in this segment but owned by a foreign (Japanese) investor. Most of competitors are based overseas.
Since 2003, Weng Zheng has ventured into Indonesia, Singapore, Thailand, Hong Kong, Australia, Vietnam and most recently New Zealand.
source:
http://biz.thestar.com.my/news/story.asp?file=/2008/1/2/business/20080102141223&sec=business
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