KLCI chart reading :
correction range bound upside biased.
Alstom team tipped to bag RM5bn power plant job
A consortium led by Alstom Asia, the world's third largest power-equipment maker, is poised to win a contract worth as much as RM5bn to help build a power plant in Johor, according to people familiar with the matter. The contract is for engineering, procurement and construction (EPC) works for the 1,000 MW Tanjung Bin coal-fired power plant. It is understood that the consortium, which also includes Mudajaya and Eversendai, beat Toshiba and a South Korean-led consortium to be the frontrunner. The consortium is set to start work in March next year and complete the project in four years. (BT)
10,000 orders for new Myvi so far, to make Indonesian debut
The new version the Perodua Myvi made its appearance across the country yesterday. Managing director Datuk Aminar Rashid Salleh said Perodua has received about 10,000 orders since booking opened on 4 June and the carmaker expects between 8,000 and 8,500 units to be sold monthly. The car will soon make its debut in the Indonesian market, marking Perodua's first foray there. He added that 500 units of the new Myvi will be shipped to Indonesia this month, while the official launch there will take place next month. (BT)
MAS and AirAsia to announce aircraft orders at Paris Air Show
MAS is set to announce new aircraft orders at the Paris Air Show next week, but rival AirAsia is aiming to conclude negotiations so that it can make a landmark aircraft order to double its fleet at the same show, sources said. Sources claim that MAS will likely exercise its option to buy up to 20 B737-800s. At catalogue prices of USD80.0m, the 20 aircraft will cost USD1.6bn. Whether MAS will exercise its option buy 10 more A330-300s is not clear. MAS also plans to order 30 aircraft for Firefly. Reports say AirAsia is likely to order as many as 200 Airbus jets which would be worth USD14bn to USD18bn at list prices. (StarBiz)
MAS: May boost fleet to tap Oneworld network. Malaysia Airlines' entry into the Oneworld airline alliance may see it ordering more planes. MAS will be attending the Paris Air Show next week, and an announcement on new orders is largely expected. (Source: Business Times)
AirAsia: To announce aircraft orders at Paris Air Show. AirAsia is aiming to conclude negotiations soon so that it can make a landmark aircraft order to double its fleet at the Paris Air Show. (Source: The Star)
Plantation: Malaysia wins case against Aussie palm oil labeling Bill, Malaysia is largest producer of certified, sustainable palm oil. Malaysia has won its case against Australia's proposed Truth in Labelling - Palm Oil Bill. The Community Affairs Legislative Committee of the Australian Senate in Canberra has recommended that the Bill not be passed. Separately, Malaysia is now the world's largest producer of certified and sustainable palm oil, accounting for half of the 4.2m tonnes of globally certified and sustainable palm oil to date carried out by the Roundtable on Sustainable Palm Oil (RSPO). (Source: Business Times)
UEM Land targets RM5bn GDV in 2011
UEM Land is planning to launch projects with a total GDV of RM5bn this year as it aspires to see its revenue grow by 50%. With the acquisition of Sunrise, UEM Land is hoping to build its portfolio and surpass its competitors’ revenue in the near future. The company has set an internal target of 50% revenue growth for FY11 and a 10% ROI. UEM Land is currently undertaking the development of Nusajaya in Iskandar and several projects in Bangi, Cyberjaya, Kajang and Mont’ Kiara. (Financial Daily)
KPJ to build specialist centre in Iskandar
KPJ will collaborate with Johor Land to build a new specialist hospital on a 500,000 sq ft of land in Bandar Dato' Onn in the Iskandar Malaysia development region in Johor Baru. The project will be undertaken in two phases and the hospital will have the capacity of 400 beds, encompassing 280,000 sq ft. The first phase of the construction with 150 beds is expected to start by the end of 2012. Its total investment has yet to be determined, but an average of RM1,000 is budgeted for a bed. (BT)
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