Boustead Plantations IPO coming soon

Maxis gets new CEO

Maxis Bhd has hired ex-DiGi head Morten Lundal as its new CEO effective Oct 1. Lundal will also be appointed to the board as an executive director.

Lundal was group chief commercial officer of Vodafone Group plc since 2010 and prior to that regional CEO overseeing eight operating companies in Central Europe and Africa. He joined Vodafone from DiGi Malaysia in 2008.

Lundal was appointed CEO of DiGi Malaysia in 2004. He holds a Master of Business Administration from IMD Lausanne and a Master of Business and Economics from the Norwegian School of Management.

BURSA MALAYSIA BERHAD

Interim dividend of 16.0 sen per share under single-tier system
Special dividend of 20.0 sen per share under single-tier system

EX-date 31/07/2013
Entitlement date 02/08/2013
Payment date 15/08/2013

Foreign bid fades in Malaysia

Feedback from the latest IPOs shows foreign participation in institutional tranches, excluding cornerstone tranches, has fallen to 30%–35% from 50% last year, when the Malaysian market was among the most active in Asia.

Foreign investors bought 35% of the institutional portion of Ranhill Energy and Resources’ M$753m (US$237m) IPO last week and 30% of Air Asia X’s M$988m flotation in June. In contrast, the 2012 IPOs of IHH Healthcare and Astro Malaysia Holdings had equal rates of participation from local and foreign investors.

For now, the lower foreign participation does not appear to have affected the prospects of the IPOs. Utility company Ranhill priced its 407m-share IPO at the top of the M$1.70–$1.85 range. The book was 20 times covered, with the participation of more than 120 institutional accounts, showing the continued strength of the domestic bid.

AirAsia X’s 790m-share IPO drew 80 accounts and was priced at M$1.25. However, the stock’s post-listing performance since July 10 has been lacklustre and it is trading in the M$1.25–$1.27 range.

PUBLIC BANK BERHAD

First interim single tier dividend of 22%

EX-date 06/08/2013
Entitlement date 12/08/2013
Payment date 20/08/2013

DANAINFRA NASIONAL BERHAD

First profit payment in respect of the Exchange Traded Sukuk for the period from 8 February 2013 to 12 August 2013 (185 days), calculated based on 4% per annum on the nominal value and on the basis of the actual number of days elapsed and 365 days (actual 365 days)

EX-date 05/08/2013
Entitlement date 07/08/2013
Payment date 13/08/2013

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