AirAsia Bhd(RM3.66/share)
To list Thai unit in Q2Yesterday, an AirAsia companyofficial said it hopes to raise up to US$200.0mil (RM604.0mil) by listing itsThai unit by the second quarter of this year. Aireen Omar,AirAsia's head ofcorporate finance said an application to list 750 million shares onthe Thaibourse had been submitted to authorities in Thailand last month. AirAsia'sroute system is spread throughout Asia and beyond, and the company hasset upsubsidiaries in Thailand, Indonesia, and Philippines and is planning one to serveJapan's budget market. ' Business Times
Petronas DaganganBhd (RM18.36/share)In oil deal with Perodua
Petronas Dagangan Bhd (PDB) signed a deal worth RM225.0milto supply local carmaker Perodua with lubricant oil over the next five years.Under the agreement, Perodua will be using Petronas Dagangan's SL/SM grade oilworth RM45.0mil per year at all its service outlets nationwide with immediateeffect. ' StarBiz
Top Glove Corp Bhd(RM4.70/share)
Eyes acquisition this year Top Glove Corp Bhd, the world'slargest rubber glove maker by volume, aims to buy at least one other gloveproducer this year as part of its strategy to gain market share and driveearnings, according to its chairman and founder, Tan Sri Lim WeeChai. Lim addedthat the company was in talks with a number of rubber glove makers who aremainly from Malaysia. He also said Top Glove was well placed to makeacquisitions on the back of its strong net cash position. The company held someRM300.0mil net cash as of Feb 29, 16.7% higher than August a year earlier. Theglobal rubber glove industry, worth RM14.8bil, has consolidated over the past decades,from 65 industry players controlling 45% of world market share in 2000 to 40players with some 63% in 2012, according to the Malaysian Rubber Export PromotionCouncil. - StarBiz
ConstructionSector
MRT Corp shortlists 28 firms for 6 work packages Mass RapidTransit Corp Sdn Bhd has prequalified 28 companies for six MyRapid Transit(MRT) work packages. The companies were chosen from 51 submissions. In astatement yesterday, MRT said the six work packages include electric trains, depotequipment and maintenance vehicles, signalling and train control systems, platformscreen doors, power supply and distribution systems and track works. MRT saidthe applicants were evaluated based on their merits and a list of criteria includingfinancial capabilities, track record, experience, existing management staff andkey personnel, the average annual construction turnover in the last five years,their existing plant and equipment as well as their existing quality, safety,health and environment practices. ' The Edge