RHBInvest Research - Brief Note
Friday, June 17, 2011
Briefing Note
Malton’s RM3bn worth of projects implies that earnings growth is likely to come in stronger going forward. Averaging the total GDV over five years, this suggests annual property development sales of RM500-600m, almost double the total FY10 turnover for the division. Key upcoming projects include Nova Saujana (GDV RM305m), Sungai Long (RM543m), and Sungai Buloh (RM516m).
Petra Perdana: Fleet consolidation
Outperform
News Update
The company announced yesterday that it had terminated the bareboat charter and option arrangements with Mount Tahan LLC for the 12,000 bhp vessel, Petra Majestic. The company entered into the arrangement in Mar 2010 and we understand it is one of two 12k bhp vessels under bareboat charter with Mount Tahan LLC.
0 comments:
Post a Comment