Ytl engine primed!!

Ytl haha

Ytl....after pru13 (05.05.13)

Ytl....after pru13 (05.05.13)

Ytl....after pru13 (05.05.13)

Bursa to bounce back within three months after election

KUALA LUMPUR (April 3, 2013): Bursa Malaysia, which today registered the steepest fall in 10 weeks after the announcement of the dissolution of Parliament, will bounce back within three months after the 13th general election, says an analyst.

Earlier this morning, Prime Minister Datuk Seri Najib Tun Razak announced the dissolution of the 12th Dewan Rakyat to pave the way for the 13th general election.

Affin Investment Bank Head of Retail Research Dr Nazri Khan expressed optimism that the FTSE Bursa Malaysia KLCI (FBM KLCI) would post stronger gains in the second half of this year.

"This is based on certain factors like local and foreign investors currently on a huge cash war chest and on "standby mode" ready to invest," he told Bernama.

Bourses in the Phillipines, Thailand and Indonesia are up more than 10 per cent year-to-date, suggesting that Bursa Malaysia would also play catch-up post-election, he added.

Nazri said despite the selldown seen today, Affin Investment has maintained the 1,720 level as its official target for the FBM KLCI by year-end, which means any weaknesses now are excellent opportunities to accumulate stocks.

The key index moved between a low of 1,632.28 and a high of 1,692.85 throughout the day.

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YTL Corp

YTL Corp Records Half-Year Revenue of RM10.2 Billion (US$3.3 Billion); Net Profit Grows 34% to RM654 Million (US$212 Million)
15% Interim Dividend Declared 

Kuala Lumpur, Thursday 21 February 2013 YTL Corporation Berhad announced today a 3.3% growth in revenue to RM10,194.8 million (US$3,299.3 mn) for the 6 months ended 31 December 2012, compared to RM9,868.2 million (US$3,193.6 mn) for the preceding corresponding 6 months ended 31 December 2011. Profit before taxation increased 5.8% to RM1,206.5 million (US$390.5 mn) for the first half of the financial year ending 30 June 2013, compared to RM1,140.2 million (US$369.0 mn) last year, whilst net profit attributable to shareholders increased 33.8% to RM654.4 million (US$211.8 mn) this year over RM489.2 million (US$158.3 mn) last year. YTL Corp declared a second interim dividend of 15% or 1.5 sen per share, the book closure and payment dates for which are 14 March 2013 and 29 March 2013, respectively. YTL Group Managing Director Tan Sri Dato’ (Dr) Francis Yeoh Sock Ping, CBE, FICE, said, “The Group has achieved another strong quarter, with revenue topping RM10 billion for the half-year. Anchored by our water and sewerage operations in the UK and power generation and merchant multi-utilities activities in Singapore, the Group’s utilities division continued to drive growth. The division has also made strides in growing the subscriber base in the mobile broadband division which owns and operates the YES 4G network. “Profit in the cement division increased due to better selling prices for cement and improved concrete sales. Meanwhile, the completion of several projects in Singapore saw lower revenue recognition in our property development division but this was offset by higher profits contributed by our investment in Starhill Global REIT, which owns prime retail and office properties in Singapore’s Orchard Road, Kuala Lumpur’s Golden Triangle and Tokyo’s upscale retail districts, as well as a retail mall in Chengdu, China, and the David Jones Building and recently-acquired Plaza Arcade in Perth. “Bolstered by new assets, including Gaya Island Resort in Borneo and The Majestic Hotel Kuala Lumpur, a legendary property that has been newly restored and commenced operations during the quarter, the hotel division also performed well. Meanwhile, Starhill REIT, our hospitality REIT vehicle, completed its acquisition of the Sydney Harbour, Brisbane and Melbourne Marriott hotels in November 2012, further enhancing the REIT’s international portfolio. “YTL Corp’s second interim dividend, together with the 10% dividend last quarter, brings the total cash dividend to 25% or 2.5 sen per share for the current year to date. This is one of the highest cash dividends declared for some time and is intended to reward YTL Corp’s long-term shareholders by enhancing their return on investment.”

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Bullet train project may zoom into master plan

The proposed high-speed rail linking Kuala Lumpur and Singapore may be included in the national public transport master plan

THE proposed Kuala Lumpur-Singapore high-speed train project, costing between RM10 billion and RM12 billion, may be included in the national public transport master plan, said the chief of The Land Public Transport Commission (Spad).

Spad chief executive officer Mohd Nur Ismal Kamal said a feasibility study is being undertaken to examine viability of the project.

"The project may be considered in the master plan but we are not sure yet. The study will show how the high-speed train can be integrated with other public land transport," he said on the sidelines of the National Summit on Urban Public Transport 2010 in Kuala Lumpur yesterday.

Malaysia is mulling over a high-speed rail linking Kuala Lumpur and Singapore that will cut travel time between the two cities to 45 minutes.

A few companies, including YTL Corp Bhd and Hartasuma Sdn Bhd have made presentations to the National Key Economic Area (NKEA) lab on the project, involving a distance of about 300km.

Read more: Bullet train project may zoom into master plan

On the fast track

Several companies made presentations to the National Key Economic Area (NKEA) lab about three months ago on the Kuala Lumpur-Singapore high-speed train project, industry sources say.

Among them were YTL Corp Bhd and Hartasuma Sdn Bhd (4677), which was said to be partnering a Chinese state-owned firm.

Hartasuma, a Class "A" Bumiputera contractor, is a member of Ara Group, founded by Datuk Aisamar Kadil Mydin Syed Marikiah and Tan Sri Ravindran Menon, director and executive director of Subang SkyPark Sdn Bhd respectively.

Its track record includes repair and overhaul of passenger coaches for KTM Bhd and civil works (Kuala Kubu Baru-Tanjung Malim Halt) for the Rawang-Ipoh electrified double tracks.

Business Times understands that some of the companies have proposed to undertake the high-speed rail project for between RM8 billion and RM14 billion.
A government source said the project could be worth RM10 billion to RM12 billion and that it would take five to eight years to complete as it will cover 300km.

The source said that cost would depend on the type of technology deployed, whether it is magnetic levitation (maglev) or conventional, and how the tracks are aligned.

Maglev will cost more than conventional, but requires less maintenance, is safer and faster. The system also uses more electronics and essentially involves "non-contact electromagnetic levitation".

"If the alignment is built along the coastal road, then it would involve a lot of land acquisition and this would add to the cost," he said.

The source added that the project would depend on a study by the Treasury, the Performance and Delivery Unit (Pemandu) and other government agencies.

It is believed that Pemandu, which is leading the NKEA lab, has invited officials from the Ministry of Transport, the Land Public Transport Commission (Spad) and City Hall to attend briefings held separately by the companies.

The high-speed train project was mooted by YTL in 2006. It had proposed to undertake the project for RM9 billion, partnering Germany's Siemens, a global expert in high-speed rail technology.

The YTL proposal, however, was shot down because of the high cost involved.

Malaysia is mulling over a high-speed rail linking Kuala Lumpur and Singapore that will cut travel time between the two cities to 90 minutes.

Plans would require the approval of Singapore, which has expressed its interest in the project. However, the government has not given a firm approval, the source said.

Read more: On the fast track