20100806 1111 Malaysia Corporate News.

Sime Darby expects FY10 to ‘be in the black’
Sime Darby still expects to remain in the black in its financial year ended 30 June, 2010, disputing an online news portal report that it could face a potential loss of RM2bn to RM2.5bn. “The alleged figures of RM2bn to RM2.5bn are largely inflated,” a company official said. In a separate news, a general manager at Sime Darby is expected to be charged today with graft totaling RM300,000 following a MACC probe. (Financial Daily, The Star)

Multi-Purpose seeks foreign partners
Multi-Purpose is turning to foreign partners to help it grow its stockbroking business, its MD Datuk Lau Kim Khoon said. Stockbroking activities currently account for less than 5% of group revenue, with its clients comprising mainly local retail investors. The group was also looking to grow its insurance business in the country. It owns 100% of Multi-Purpose Insurans, which saw revenue expand to RM415m last year from RM60m in 2002. (BT) HeiTech Padu gets RM75m job HeiTech Padu has secured a RM74.9m contract from the Government for the maintenance services of the National Registration Department’s main business ICT system. The contract was for one year ending 30 June, 2011. Any further renewal or extension of the duration is at the discretion of the Government. (The Star)

MAHB plans RM3.1bn Islamic bonds
MAHB plans to offer up to RM3.1bn in Islamic bonds to part finance the construction of a new terminal. The new terminal is expected to be completed by the end of the first quarter of 2012. The proceeds would also be used to refinance its existing borrowings. (BT)

Perodua says it can work with Proton
Perodua welcomes any form of collaboration with Proton, its MD Aminar Rashid Salleh said. But Aminar hinted that a different business model will not make a merger between the two national carmakers possible. (BT)

Two more Chinese firms to list on Bursa before year-end
SC has received a lot of interest from Chinese companies seeking listing on Bursa Malaysia, with two more companies expected to be listed before year-end, chairman Tan Sri Zarinah Anwar said. (Bernama)

Faber net profit jumps 122% to RM46.9m
Faber posted an increase of 122% in its net profit to RM46.9m for the first half ended 30 June, 2010 from the RM21.1m recorded a year ago. Its revenue grew by 45.9% to RM454.2m from RM311.4m previously mainly due to an increase in revenue from integrated facilities management by RM156.7m. (The Malaysian Reserve)

F&N profit up on higher sales
F&N posted an 18.5% rise in net profit to RM70m in the third quarter ended 30 June compared with the previous corresponding period after seeing a rise in soft drinks sales. Revenue was up 7% to RM892.8m with contribution from the soft drinks division improving 26%. (StarBiz)