Stocks which could see trading interest on Tuesday, June 14 following the fresh corporate announcements include MMC Corp Bhd, MWE HOLDINGS BHD [], SIME DARBY BHD [], KNM GROUP BHD [] and ALAM MARITIM RESOURCES BHD [].
MMC Corp Bhd’s subsidiary Malakoff Corporation Bhd is set to build a 1,000MW coal-fired plant next to the current Tanjung Bin power plant.
The company said it had accepted a conditional offer made by the government to develop the plant and the expected commercial operation date was March 1, 2016.
Malakoff is MMC Corp’s 51%-owned subsidiary, whose unit Tanjung Bin Power Sdn Bhd owns the Tanjung Bin power plant.
MMC Corp said among the conditions in the offer by the government via the Energy Commission were the finalisation of the terms of the agreements relating to the project; and the approval of the detailed environmental impact assessment from the Department of Environment Malaysia.
Meanwhile, MWE has attracted attention after it disclosed that it bought RM98.12 million of quoted securities from Sept 2, 2010 to June 10 this year.
It said the total cost represented 24.74% of MWE group's net assets as at Dec 31, 2010.
As at June 10, the total cost of its acquisitions was RM121.08 million while the book value was RM203.84 million. This was an increase of RM82.76 million but MWE did not provide details of those quoted securities.
Sime Darby's healthcare division is investing RM280 million in two hospital projects in the Klang Valley as part of the government’s health tourism plan under the Economic Transformation Programme (ETP).
The conglomerate said it would invest in a 220-bed Sime Darby Medical Centre Ara Damansara in Subang which will be operational by the third quarter of 2011.
The 300-bed Sime Darby Medical Centre ParkCity will be operational by the second half of 2012.
KNM’s total book order rose to RM5.5 billion as at May this year, of which RM1.4 billion in orders were secured in 2010.
Bulk of the orders was secured in the second half of last year, totaling RM3.10 billion. The remaining RM1 billion of orders were secured in the first half of 2010 and earlier.
As at January this year it had tendered for RM16 billion of orders and based on a 20% success rate, that would translate into RM3.2 billion.
Alam Maritim has secured a contract worth RM52 million from Samsung Engineering Malaysia Sdn Bhd to supply two units of single point mooring buoy for Sabah Oil and Gas Terminal project.
Its unit Alam Maritim (M) Sdn Bhd had received the purchase order from Samsung Engineering Malaysia.
Alam said the contract was expected to start immediately with delivery by the first quarter of the financial year ending Dec 31, 2012.
It said the contract was not renewable. Alam said the contract was expected to contribute positively to its earnings for the financial years ending Dec 31, 2011 and 2012.
MMC Corp Bhd’s subsidiary Malakoff Corporation Bhd is set to build a 1,000MW coal-fired plant next to the current Tanjung Bin power plant.
The company said it had accepted a conditional offer made by the government to develop the plant and the expected commercial operation date was March 1, 2016.
Malakoff is MMC Corp’s 51%-owned subsidiary, whose unit Tanjung Bin Power Sdn Bhd owns the Tanjung Bin power plant.
MMC Corp said among the conditions in the offer by the government via the Energy Commission were the finalisation of the terms of the agreements relating to the project; and the approval of the detailed environmental impact assessment from the Department of Environment Malaysia.
Meanwhile, MWE has attracted attention after it disclosed that it bought RM98.12 million of quoted securities from Sept 2, 2010 to June 10 this year.
It said the total cost represented 24.74% of MWE group's net assets as at Dec 31, 2010.
As at June 10, the total cost of its acquisitions was RM121.08 million while the book value was RM203.84 million. This was an increase of RM82.76 million but MWE did not provide details of those quoted securities.
Sime Darby's healthcare division is investing RM280 million in two hospital projects in the Klang Valley as part of the government’s health tourism plan under the Economic Transformation Programme (ETP).
The conglomerate said it would invest in a 220-bed Sime Darby Medical Centre Ara Damansara in Subang which will be operational by the third quarter of 2011.
The 300-bed Sime Darby Medical Centre ParkCity will be operational by the second half of 2012.
KNM’s total book order rose to RM5.5 billion as at May this year, of which RM1.4 billion in orders were secured in 2010.
Bulk of the orders was secured in the second half of last year, totaling RM3.10 billion. The remaining RM1 billion of orders were secured in the first half of 2010 and earlier.
As at January this year it had tendered for RM16 billion of orders and based on a 20% success rate, that would translate into RM3.2 billion.
Alam Maritim has secured a contract worth RM52 million from Samsung Engineering Malaysia Sdn Bhd to supply two units of single point mooring buoy for Sabah Oil and Gas Terminal project.
Its unit Alam Maritim (M) Sdn Bhd had received the purchase order from Samsung Engineering Malaysia.
Alam said the contract was expected to start immediately with delivery by the first quarter of the financial year ending Dec 31, 2012.
It said the contract was not renewable. Alam said the contract was expected to contribute positively to its earnings for the financial years ending Dec 31, 2011 and 2012.
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