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Axiata green lights Keppel-SPH buyout offer for M1

18 Feb 2019 - Singapore Business Review
The Malaysian telco will gain $31m from the transaction. Reuters reported that Axiata group has accepted the bid from Keppel Corporation and Singapore Press Holdings (SPH) to buy 28.7% of its stake in M1 for $549.17m as the Singapore investors valued M1 at $1.9b. “It is actually not an easy decision ...
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Axiata's M1 sale provides timely capital for future investment

18 Feb 2019 - The Star Online
KUALA LUMPUR: Axiata Group Bhd 's exit from M1 Ltd for RM1.65bil to Konnevtivity Pte Ltd will allow the group to make a profit and redeploy the capital to fund its capex. In a research note on Monday, Affin Hwang Capital research said it is positive on the deal, which largely falls within its expectations.
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Axiata accepts takeover offer for Singapore's M1 at RM1.65b

15 Feb 2019 - The Star Online
KUALA LUMPUR: Axiata Group Bhd has accepted the general offer for its 28.67% stake in Singapore's M1 Ltd which will see it netting a gain of RM126.45mil on disposal of the shares. Analysts had said Axiata would have to accept the offer unless it was able to find a partner to fund a counterbid since M1 ...
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Slower earnings growth seen for F&N on sugar tax

7 Feb 2019 - The Star Online
PETALING JAYA: The market is bracing for a potential slowdown in earnings growth at Fraser & Neave Holdings Bhd (F&N) with the implementation of the sugar tax effective April 1. CIMB Research said it expected a slower growth rate over the next two years.
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Daily Briefing: Grab app to stream movies and TV shows by March; Axiata weighs in on Keppel's exit offer for M1

30 Jan 2019 - Singapore Business Review
And Singapore and Malaysia discusses maritime issues. From CNBC: Grab partnered with regional video streaming start-up Hooq to be able to stream movies and TV shows on its app by March. The companies said they will offer over 10,000 hours of content from an extensive library of Hollywood films, popular ...
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Quick take: Genting Malaysia, Genting fall after Fox filed US$46.4mil counter claim

24 Jan 2019 - The Star Online
KUALA LUMPUR: Shares in Genting Malaysia Bhd (GenM) fell as much as 2.45% in early trade Thursday after receiving a counterclaim for US46.4mil (RM191.7mil) from Fox Entertainment Group LLC, Twentieth Century Fox Film Corp and FoxNext LLC (Fox). GenM shed 2.45%, or eight sen to RM3.18 with 5.5 million ...
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Top Glove still in expansion mode

21 Jan 2019 - The Star Online
PETALING JAYA: Amid the headwinds and recent selldown of rubber glove stocks, Top Glove Corp Bhd is unfazed and says it is well on track with its expansion strategy for 2019. The setback in its acquisition of surgical glove specialist Aspion Sdn Bhd according to executive chairman Tan Sri Lim Wee Chai ...
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Maybank IB remains positive on Genting, Genting Singapore

15 Jan 2019 - The Star Online
KUALA LUMPUR: Genting Malaysia Bhd 's FY19 earnings are expected to fall 25% year-on-year on the higher RWG casino duty rates, said Maybank Investment Bank research. Meanwhile Genting Singapore Ltd earnings are expected to be more stable while Genting Bhd is expected to grow at a three-year forward CAGR ...
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Top Glove mulls Turkey factory

31 Dec 2018 - The Star Online
ISTANBUL: Top Glove Corp Bhd , the world’s largest manufacturer of rubber gloves, is considering setting up a factory in Turkey which already is importing 70% of its demand for the product from the company. Founder Tan Sri Lim Wee Chai said he sounded out this possibility at a meeting with Turkish President ...
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Genting’s still the cash king

29 Dec 2018 - The Star Online
CASH is king, especially when times are bad. Crisis presents opportunity, and those with cash can swoop in and buy whatever they want at a palatable valuation. In terms of cash-rich companies, Genting Bhd remains as the largest net cash company with RM9bil as of Nov 30, almost unchanged compared with ...
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