Username
Password
Forget Password?
  1. Indices
  2. Commodities
  3. Currencies
Straits Times 3,219.77 +6.12 +0.19%
Hang Seng 29,071.56 -249.41 -0.85%
Dow Jones 25,962.51 +216.84 +0.84%
Shanghai Composite 3,101.46 +10.81 +0.35%
Stocks In Focus MY (Pestech Int’l, Star Publications, WCT) – 20/05/2015
By:

Pestech Earns RM218m Job In Cambodia

  • Pestech International bagged a US$60.6 million (RM217.6 million) contract to design, build and testing and commissioning the 230kV transmission system project between Kampong Cham and Kratie in Cambodia.
  • Pestech’s subsidiary; Pestech (Cambodia) and Enersol entered into contract agreements with Diamond Power, which is a 60 percent owned subsidiary of Pestech.
  • The project will transmit electricity from the upcoming Hydro Power Lower Se San 2 plant in Stung Treng to Kratie and Kampong Cham.

Significance: Work will commence on 1 June 2015 and is expected to be completed by 30 November 2017. Diamond Power has the rights of development of the transmission line project on a build-operate-transfer basis.

Star Publications Records 63 Percent Net Profit Surge

  • Star Publications recorded a 63 percent jump in net profit to RM26.5 million for 1Q15 as efforts to rationalise its operations in 2014 begin to reflect on the performance.
  • The increase in the bottom line came amid a tough operating environment of reduced overall advertising revenue that was affected by poor consumer sentiment due to the rising cost of living.
  • Group revenue for 1Q15 increased by 3 percent to RM217.4 million, underpinned by an increase in the top line of the event, exhibition, interior and thematic business segment.

Significance: The group has devised a growth strategy based on five key strategies that will see it enhance its corporate governance, improve on efficiency and cost control, rebuild its core assets, digital transformation and look at strategic and synergistic acquisitions.

WCT To Launch RM700m Mixed Development Projects

  • WCT Holdings is expected to launch several mixed development projects with an estimated gross development value (GDV) of RM700 million out of its remaining GDV of RM25 billion for 2015.
  • The projects range from medium to high-end properties. However, there will be more launches of affordable housing this year, mainly in Bandar Bukit Tinggi where there is collaboration with the Selangor Government.
  • The company plans to allocate RM5 billion for a long-term investment in property segments like shopping malls and hotels. Affordable housing projects will have a GDV of between RM100 million and RM200 million.

Significance: WCT expects a stronger second half in 2015 and to perform as equally good in the last financial year (FY2014). WCT plans to explore the Asean region, starting with Indonesia, which has a huge market for infrastructure. WCT has begun looking for a joint venture with an Indonesian company.


Join The Conversation
The Shares Investment editorial team welcomes constructive feedback on our coverage and content. We would also be delighted to answer any questions on the above article. Leave us a comment below, and we'll get back to you shortly!

All Rights Reserved. Pioneers & Leaders (Publishers) Pte Ltd. Best viewed with Mozilla Firefox 3.5 and above.