The Star Online: Business
The Star Online: Business |
| Posted: 05 Mar 2013 06:56 PM PST KUALA LUMPUR: Malaysia's blue chips advanced on Wednesday, mirroring the positive key regional markets after Wall Street's record close, with the FBM KLCI rising to a seven-week high of 1,648.8. At 10.44am, the KLCI was up 5.17 points to 1,647.25, the highest since mid-January, powered by gains in UMW and BAT. Turnover 384.53 million shares valued at RM359.98mil. There were 286 gainers, 140 losers and 244 counters unchanged. Key regional markets extended their gains as investors grew more risk-friendly following Wall Street's record close, signs of continuing U.S. economic recovery, and globally accommodative monetary conditions, Reuters reported. The MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.5%, after surging 1.3 percent the day before. The index tumbled to a nine-week low on Monday. Asian shares took their cue from overnight gains in global equities, with the Dow Jones industrial average ending at an all-time high and the pan-European FTSEurofirst 300 index closing at its highest in 4-1/2 years, Reuters reported. At Bursa Malaysia, BAT rose 58 sen to RM60.76, UMW 40 sen to RM13.38 and HL Cap 19 sen to RM3.19. Allianz-PA gained 33 sen to RM7.93 and Allianz 19 sen to RM7.87 while Aeon added 28 sen to RM13.20 and Aeon Credit 16 sen higher at RM12.42. HL Cap rose 19 sen to RM3.19 on investors expectations of a higher offer price by Hong Leong Financial Group's initial RM1.71 offer. JTI rallied 31 sen to RM6.53 on its special dividend of 21 sen a share.
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| Naza aims to sell 8,000 Peugeots Posted: 05 Mar 2013 05:36 PM PST GEORGE TOWN: Nasim Sdn Bhd, a subsidiary of the Naza Group of Companies, is targeting to sell about 8,000 Peugeot vehicles in the country this year, an increase of 29% compared to the 6,200 units sold last year. Naza chief operating officer Datuk Samson Anand George said the Peugeot sales would be spearheaded by the 408 sedan and the 208 five-seater passenger car. "The 408 sedan was launched last June and has registered strong sales, selling over 1,000 units. The 208 will be launched next month," he said at the launch of the new 308 Griffe, a five-seater sporty hatchback limited edition at the Peugeot Blue Box Butterworth showroom. He said about 30 bookings had been received since the pre-launch last month. The 308 Peugeot Griffe, priced at RM132,888 (on-the-road), comes with LED daytime running lights, a Peugeot GTi rear spoiler, a panoramic roof with an electronically-controlled retractable blind, sporty white instrument dials, and is powered by a 1.6-litre turbo high-pressure engine with direct petrol injection. "The northern region will be an important market for us, as the European car market in Penang grew by 17% in 2012. "This is also the reason why we are setting up a showroom in Butterworth, one of the seven new showrooms to be launched by Nasim this year. "This brings the total number of Peugeot showrooms in Penang to two, as we have another one in Juru Auto-City which is under the management of Nasim," Samson said. Built at a cost of RM4mil by CS Euro Auto Sdn Bhd, the showroom serves customers in Butterworth, Prai, Bukit Mertajam, Nibong Tebal, Kepala Batas, Permatang Pauh and Kulim. Peugeot Blue Box Butterworth is equipped with four private customer lounges and one mini-theatre entertainment room for customers. The service centre is equipped with six service bays with the capacity to service up to 25 cars a day. The outlet, which comprises a 28,000-square-foot facility, is a 3S (sales, service and spare parts) centre owned and operated by CS Euro Auto Sdn Bhd. Samson said the other six showrooms would be located in Alor Star, George Town, Kuala Trengganu, Ampang, Setia Alam and Batu Pahat. "Depending on the size, each outlet will cost around RM3mil to RM5mil to establish, and all of them will be owned and operated by our authorised dealers. They will be built before the year end," he said. Under Nasim's management, there are 13 showrooms located in the country. On the marketing of Peugeot in the country, George said Nasim would use its Facebook page to promote the cars in the country. "So far, Peugeot Malaysia's Facebook page has received the most number of likes amongst all the other official Peugeot Facebook pages in Asia. In Malaysia, the middle-class perception of the Peugeot brand name is beginning to change, as they come to understand more of the safety features, the high-performance engine and aesthetics of the vehicle. "Further, the pricing is very attractive for a European-made car," he said.
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| Posted: 05 Mar 2013 05:32 PM PST KUALA LUMPUR: Volvo Malaysia Sdn Bhd recorded a 42% increase in deliveries of trucks for 2012 with 339 units comprising 301 Volvo and 38 Renault trucks. In a statement, it said in 2011, 238 units were sold, comprising 205 Volvo and 33 Renault trucks. "2012 was a very good year for Volvo Malaysia's truck business. "From new customers to increasingly aggressive market share in Malaysia, Volvo is capitalising on the infrastructure growth in Malaysia," it said. Managing director of Volvo Trucks Malaysia (Region Malaysia) Mansoor Ahmed said high double-digit growth in a relatively mature economy was a sign of great business health. He said Volvo's market share in Malaysia for 2012 had grown to 39% in the European segment. "With our total transport solutions and fuel-efficient, technologically advanced and internationally acclaimed product line, we are confident that the company will continue to grow this year," said Mansoor. Volvo is also taking the lead with Standard Chartered Bank Malaysia in offering a first-of-its-kind financial solution to enable small and medium enterprises (SMEs) in Malaysia to purchase high-quality trucks, the company said. "For the first time in Malaysia, a commercial vehicle company and a bank joined forces to derive a total financial solution that enables the purchase of commercial vehicles to be more affordable and cost-effective in the long-term for SMEs," it said. Mansoor said he was confident for 2013 the company would continue to grow in the commercial vehicle industry from more dealerships, expanded networks, trucker engagement and strong relationship with new and existing customers. "We are here for the long haul, given the critical role that Malaysia plays in our global business strategy," he added. – Bernama
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