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Stocks In Focus MY (Bursa Malaysia, Maxis, Tenaga Nasional) – 28/04/15
Malaysia Daily Bulletin | 28 April 2015

Bursa Malaysia Launches E-Services For Marketplace

  • Bursa Malaysia has launched a new listing information network system, Bursa Link and an online listing enquiry service AskListing@Bursa, for the marketplace.
  • The enhanced Bursa Link will offer a new feature, which will allow electronic submission for applications such as initial public offerings and secondary fund raising activities.
  • As for AskListing@Bursa, the service would cater to the needs of stakeholders for a more effective approach to managing enquiries pertaining to the interpretations and compliance with the listing requirements.

Significance: Bursa Malaysia has been investing heavily on technology to drive exchange innovation and meet global demands. The launch was part of the company’s ongoing efforts to enhance operational efficiencies and improve its service levels to the stakeholders.

Maxis’ 1Q15 Revenue Increases 1.4% 

  • Maxis‘ revenue for the first quarter ended 31 March 2015 increased 1.4 percent to RM2.15 billion from RM2.12 billion last year.
  • Net profit declined 15.3 percent to RM410 million attributable to higher accelerated depreciation charges of RM57 million related to its network modernisation programme.
  • The company intends to invest about RM1.1 billion for capital expenditure to complete its network modernisation programme, drive 4G long-term evolution (LTE) expansion and further improve its capacity and quality this year.

Significance: For FY15, the firm expects service revenue growth in the low single digits with EBITDA at similar level as in FY14.

Tenaga Nasional Net Profit Jumps 24.4 Percent

  • Tenaga Nasional’s (TNB) net profit jumped 24.4 percent to RM2.2 billion for the second quarter ended 28 February 2015. This is driven by improved electricity sales.
  • The stronger performance came on the back of revenue growth of 6.1 percent to RM10.6 billion coupled with lower generation costs due to the reduced coal price and lower usage of the more expensive liquefied natural gas fuel.
  • For the six-month period ended 28 February 2015, net profit jumped 28.6 percent to RM4.5 billion while revenue increased 10.2 percent to RM21.6 billion.

Significance: Going forward, analysts are expecting lower coal prices as compared to the previous year and lower utilisation of the expensive LNG to fire up gas plants, to continue to result in richer margins.

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