The Star Online: Business

Shares of KLCC Property advance on REITS listing, dividend
Blue chips inch forward, BAT, PetGas, KLCCP up
MISC rises after EPF's expectations of higher takeover price

Shares of KLCC Property advance on REITS listing, dividend

Posted: 03 Mar 2013 06:14 PM PST

Published: Monday March 4, 2013 MYT 10:15:00 AM

KUALA LUMPUR: Shares of KLCC Property Holdings Bhd rose to a high of RM6.74 on Monday as it was set to complete a restructuring and list in April and ahead of its 4.5 sen dividend going ex on Thursday.

At 9.54am, KLCCP was up 14 sen to RM6.74. There were 128,800 shares done.

The FBM KLCI rose 1.69 points to 1,639.13. Turnover was 156.59 million shares done valued at RM131.27mil. There were 125 gainers, 142 losers and 169 counters unchanged.

The country's biggest real estate investment trust's (REIT) fourth interim dividend will go ex on Thursday.

The trust, three times larger than the next biggest Malaysian REIT, Sunway REIT, will not raise new money. The corporate restructuring was unveiled in November, creating a so-called stapled REIT by bundling existing shares of KLCC Property and units of KLCC REIT, in a bid to lure yield-hungry investors.

Blue chips inch forward, BAT, PetGas, KLCCP up

Posted: 03 Mar 2013 05:35 PM PST

Published: Monday March 4, 2013 MYT 9:36:00 AM

KUALA LUMPUR: Blue chips started the new week on Monday on a firmer note, with the FBM KLCI advancing, underpinned by gains in BAT, Petronas Gas and KLCCP.

At 9.18am, the KLCI was up 1.88 points to 1,639.32. Turnover was 55.11 million shares valued at RM40.37mil. There were 90 gainers, 85losers and 109 counters unchanged.

Hwang DBS Vickers Research cautioned that with downside risk still outweighs upside potential, we expect the FBM KLCI to slip below the intermediate support line of 1,635 and pull back towards the support area of 1,600-1,615 going forward.

BAT was the top gainer, rising 50 sen to RM60.50 while Petronas Gas added 16 sen to RM18.48 and KLCCP 10 sen higher to RM6.70.

MISC gained nine sen to RM5.37 with 1.28 million shares done. This was above the takeover price of RM5.30 offered by its major shareholder Petroliam Nasional.

Genting Plantations added 10 sen to RM8.57 with 100 shares done while SOP rose nine sen to RM5.19 but Sime Darby shed three sen to RM9.18.

Patimas was the most active with 13.44 million shares done, edging up 0.5 sen to 5.5 sen.

Decliners included Carlsberg, Public Bank and DRB-Hicom, which fell four sen each to RM12.80, RM16.06 and RM2.53 respectively.

MISC rises after EPF's expectations of higher takeover price

Posted: 03 Mar 2013 05:17 PM PST

Published: Monday March 4, 2013 MYT 9:18:00 AM

KUALA LUMPUR: Shares of MISC Bhd rose on Monday as investors' sentiment perked up after the Employees Provident Fund (EPF) said it was looking at a higher price from Petroliam Nasional Bhd (Petronas).

At 9.03am, MISC was up nine sen to RM5.37. There were 909,000 shares done.

The FBM KLCI rose 0.21 of a point to 1,637,65. Turnover was 23.89 million shares valued at RM17.65mil. There were 50 gainers, 48 losers and 99 counters unchanged.

EPF chief executive officer Tan Sri Azlan Zainol was reported saying on Friday that Petronas should raise its RM8.8bil buyout offer for MISC Bhd, its biggest minority shareholder said.

"We are looking at a higher price for the shares than what Petronas is offering now," he said. The EPF owns 9.6% of the world's second-largest liquefied natural gas shipping company.

"It has not been finalised yet. We will see how it goes," he said in an interview here last Friday.

Kredit: www.thestar.com.my

Ahad, 3 Mac 2013