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 STOCK MARKET DISCUSSION V133, Bear coming?

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davinz18
post Jun 27 2013, 03:58 PM

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Axiata, SingTel , Telenor to know Myanmar telecoms bid on Thursday

Myanmar, which is offering operating licenses to global telecoms firms for the first time, will announce the outcome of the auction as planned on Thursday despite opposition in parliament.

Myanmar is one of the world's last telecoms frontiers, with only 9 percent of its 60 million people at most having mobile phones. But faced with big investments and uncertain returns, some bidders have dropped out of the auction.

Vodafone Group Plc and China Mobile Ltd have abandoned their joint bid, saying it did not meet their "internal investment criteria."

The remaining short-listed contenders, some of whom have local or foreign partners, are: Singapore Telecommunications, KDDI Corp, Telenor, Digicel, Axiata, Bharti Airtel, MTN, Vietnam's Viettel, Qtel (Ooredoo), Orange and Millicom International Cellular.
davinz18
post Jun 27 2013, 04:05 PM

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QUOTE(yhtan @ Jun 27 2013, 04:01 PM)
Judge by Axiata share price, unlikely they going to win the bid laugh.gif
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Anything can happen. It's all depend on the how much "under-table payment" made biggrin.gif
davinz18
post Jun 27 2013, 04:27 PM

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QUOTE(gark @ Jun 27 2013, 04:17 PM)
That's in USD.. and other companies are bidding investment between $1-$4 billion... Singtel is also a front runner...with offering to launch satelite...
So now.. Soros vs Singtel... rclxms.gif
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Axiata have no chance biggrin.gif

Soros link company & Singtel have "deeper pockets" hmm.gif
davinz18
post Jun 27 2013, 05:55 PM

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UMW HOLDINGS BERHAD

Final single-tier dividend of 25.0 sen per share

EX-date 23/07/2013
Entitlement date 25/07/2013
Payment date 15/08/2013
davinz18
post Jun 27 2013, 06:53 PM

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UNITED MALACCA BERHAD

Second interim single-tier dividend of 11 sen per share

EX-date 16/07/2013
Entitlement date 18/07/2013
Payment date 02/08/2013
davinz18
post Jun 28 2013, 12:35 AM

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Telenor and Qatar Telecom Win Myanmar Licenses

The licenses awarded Thursday are part of Myanmar's efforts to open up its once tightly controlled telecom sector to foreign investment after decades of military rule. Analysts said the process would also serve as a blueprint for tenders of other highly-coveted licenses, including in the oil-and-gas sector.

France Télécom, which joined with Japan's Marubeni Corp for its bid, was named as a backup candidate and would replace Telenor or Qatar Telecom if either failed to meet certain requirements.

The two new licenses, valid for 15 years, are due to be completed by September. Telenor and Qatar Telecom will have to meet population and geographical coverage targets, for example, to ensure that the country's large rural population is covered. The companies also will have to share infrastructure and offer low initial subscription fees.
davinz18
post Jul 2 2013, 09:37 PM

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QUOTE(yok70 @ Jul 2 2013, 06:37 PM)
The share price dropping on M-REIT has been disappointing. Only de-compressed about 10% yield from 4% to 4.5% for major players, which is far from S-REIT's 20% or above de-compression rate to yield of 6+%.
The bad is by looking at historical performance on Bursa listed defensive stocks such as Nestle or Telcos, their yield are also highly compressed. The reason for this probably has something to do with heavy local fund involvement in local market as these huge capital funds are looking to invest in stocks that could provide high cash flow (via dividend), so that they can pay the dividends without much hesitation. There is nowhere else to invest besides these high yield stocks.
In addition to that, some M-REITs are on the growth path, such as Axreit and some retails REITs. For DPU growth of 8-10% pa, the yield de-compression becomes "auto-mode" riding with time factor only. That said, they don't mind just hold it and wait for the fruit. They are not aggressive on return, as there is no competition. We have only one EPF funds, for instance.
As for bond yield rise, FF may leave, but local funds should still stays as they have nowhere to go.
As for interest rate hike on debt payment concern, even if it happens, it won't be aggressive. It's hard to believe rate could rise as much as the REIT's growth rate, say 8% pa for the next 5 years. Besides, many M-REITs has gearing ratio of below  35%, some even below 20%. Besides, some have almost 100% loan with fix rate such as Pavreit and IGBreit.
For all the above, I think it's unlikely to see much deeper correction on M-REIT. However, the sector may overhang for months or so before people getting more comfortable on the fear of QE exit effect.
Just some thoughts.  cool.gif
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The power of local fund with it's Multi-Billion cash pile hungry for decent yield dividend shares on Bursa Malaysia flex.gif

Malaysia Boleh thumbup.gif
davinz18
post Jul 2 2013, 10:14 PM

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QUOTE(jasontoh @ Jul 2 2013, 10:01 PM)
Well, if you ask me, I think it makes sense also since I also don't know where I should put my cash besides putting into FD or into my loan account.
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One of the major "problem" faced by the people biggrin.gif
davinz18
post Jul 3 2013, 11:20 PM

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QUOTE(gark @ Jul 3 2013, 10:57 PM)
Come come to indon FD... big banks 5%, medium bank 7% and smaller ones 10%. Got lucky draw some more! tongue.gif
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Wah so goood rclxms.gif

why Malaysia banks don't offer like that doh.gif
davinz18
post Jul 3 2013, 11:43 PM

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QUOTE(cwhong @ Jul 3 2013, 11:31 PM)
Then many have to pay higher interest for mortgage loans...... Props will ne greatly affected..... For sure  nod.gif
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Forgot about that part blush.gif
davinz18
post Jul 4 2013, 06:56 PM

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Westport Malaysia Draft prospectus available at SC website.

http://www.sc.com.my/main.asp?pageid=1283&...=&linkid=&type=
davinz18
post Jul 4 2013, 10:10 PM

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QUOTE(felixmask @ Jul 4 2013, 08:13 PM)
timing good....thanks davinz18 sharing rclxms.gif
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No problem.

Your opinion on this IPO smile.gif
davinz18
post Jul 8 2013, 05:49 PM

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LPI CAPITAL BHD

First Interim Single Tier Dividend of 18 sen per ordinary share

EX-date 19/07/2013
Entitlement date 23/07/2013
Payment date 31/07/2013
davinz18
post Jul 10 2013, 05:29 PM

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GEORGE KENT (MALAYSIA) BERHAD

Final Dividend

4.5 sen per ordinary share of 50 sen each less tax of 25%

EX-date 24/07/2013
Entitlement date 26/07/2013
Payment date 22/08/2013
davinz18
post Jul 11 2013, 06:17 PM

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UNICO-DESA PLANTATIONS BERHAD

Single Tier Final Dividend of 2.5 sen per share for the financial year ended 31 March 2013

EX-date 30/08/2013
Entitlement date 03/09/2013
Payment date 18/09/2013
davinz18
post Jul 11 2013, 06:40 PM

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IOI Properties to distribute 2.162b IOI Corp shares under IPO

IOI Properties Group Bhd, which is seeking a relisting after its demerger from its parent, IOI Corp Bhd, has proposed the distribution of 2.162 billion of its shares held by its parent IOI Corporation Bhd.

According to its draft prospectus posted on the Securities Commission website on Thursday, it said the distribution-in-specie would be on the basis of one IOI Properties share for every three shares held in IOI Corp.

IOI Properties said it would not be raising any funds from the listing exercise as it would not be issuing any new shares.

On its dividend policy, it said its ability to pay dividends or make any other distributions to the shareholders would be based on having profits and excess funds not required to be retained to fund its business.
davinz18
post Jul 12 2013, 05:14 PM

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China Stationery Ltd sees 9.65% stake crossed

China Stationery Ltd's 120 million shares were traded off-market at an average price of 30 sen each on Friday.

Stock market data showed the 120 million shares accounted for 9.65% of its paid-up of 1.242 billion units. The shares were crossed 1.5 sen above Thursday's closing price of 28.5 sen.
davinz18
post Jul 12 2013, 06:10 PM

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EPF very busy disposing shares in Bursa Malaysia. Need money to fund the London Project hmm.gif
davinz18
post Jul 12 2013, 10:34 PM

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MWE buying 22.15% stake in KEuro for RM155m

MWE Holdings Bhd is boosting its stake in Kumpulan Europlus Bhd to 27.14% by acquiring 115.40 million shares for RM1.35 each as it seeks exposure to KEuro's projects, especially the 233km West Coast Expressway.

MWE said on Friday it had over the past two days bought 26 million KEuro shares for RM1.14 each via business transactions for a total of RM29.64mil.

Following these acquisitions, it then decided to up the stake by proposing to acquire another 22.15% stake or 115.40 million shares for RM155.79mil or RM1.35 each from Tan Sri Chan Ah Chye @ Chan Chong Yoon and Sze Choon Holdings Sdn Bhd.

Kumpulan Euro, through its 80% owned WestCoast Expressway Sdn Bhd, had on Jan 2, 2013 signed a concession agreement with the government of Malaysia for the West Coast Expressway project.
davinz18
post Jul 16 2013, 03:36 PM

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Boustead to privatise its Al-Hadharah Boustead REIT & will list Boustead Plantations Bhd (BPB)

http://www.theedgemalaysia.com/business-ne...tation-ipo.html
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