Rabu, 5 September 2012

The Star Online: Business


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The Star Online: Business


Pentagon lists 66 countries as eligible to buy U.S. drones

Posted: 05 Sep 2012 06:27 PM PDT

Story file not found.

CIMB Research sees more upside for O&G sector

Posted: 05 Sep 2012 06:26 PM PDT

KUALA LUMPUR: CIMB Equities Research continues to have positive expectations for the oil & gas sector, and maintains its Overweight call.

"Our top picks are SapuraKencana for big caps and Perisai for small caps. For exposure to marginal field development, we recommend SapuraKencana and Dialog," it said on Thursday.

It quoted Upstream, an international oil & gas newspaper, that Petronas is set to reveal by year-end the winners of two further risk service contracts (RSCs)that will cover the development of the Tembikai and Cenang marginal fields.

"Meanwhile, several local companies are believed to be in talks to participate in the Kapal, Banang and Meranti (KBM) RSC with Thailand-based Coastal Energy," the newspaper said.

CIMB Research described this is a welcome development given that it has been more than a year since Dialog (Outperform) won the second RSC.

So far, three RSCs have been awarded, giving the opportunity for SapuraKencana (Outperform) and Dialog to venture into exploration & production.

With 22 more RSCs worth an estimated US$17.6bil to US$22bil to be awarded, the marginal field development offers great potential for local companies, CIMB Research said.

Euro failure no longer on Germany's minds - Loew

Posted: 05 Sep 2012 06:25 PM PDT

BERLIN: Germany's summer of footballing failure will not be preying on their minds as they kick off their World Cup qualifying campaign on Friday, coach Joachim Loew has promised.

The Germans have been given a gentle start, with a home match against the Faroe Islands in Hanover, but even so are likely to be jittery after a traumatic four months.

After Friday it gets more difficult, with a trip to neighbours Austria on Tuesday.

"The players have put their disappointments behind them and there is real hunger for success," Loew said. "That goes for the coaching staff as well."

Germany's troubles began when Bayern Munich lost the Champions League final to Chelsea in their own Allianz Arena, going down on penalties after dominating the game.

The national side then lost to Italy in the Euro 2012 semi-finals, continuing a run of near misses that include second place at the 2002 World Cup, third in 2006, third in 2010, and runners-up at Euro 2008.

Loew's team was also outclassed by a Lionel Messi-inspired Argentina, losing 3-1 at home in a friendly in August.

Germany won all 10 games on their way to Euro 2012 but Loew has warned that a group also containing Sweden, Austria and Ireland, and involving a long trip to Kazakhstan, could pose more difficulties.

"We completed the last qualifies in a rousing manner," Loew said. "This time it will be more difficult, the group is very even. There won't be any pushovers.

"We have to improve when we don't have the ball. I place value on the way we develop going forward, but we must be more active off the ball and make sure we don't give our opponents any time."

Loew said that not even the Faroe Islands, who have 12 of their 19-man squad based locally, would be easy.

"The Faroes have only lost recently by narrow margins, one-or two-goal margins. Italy only beat them by a goal," he said. "They are certainly not cannon-fodder."

Germany are missing striker Mario Gomez, who is recovering from an ankle operation, and Bastian Schweinsteiger, who is not match fit. - Reuters

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