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News Highlights - Genting, Hong Leong Bank, KFC Holdings (M)

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Publish date: Tue, 10 Apr 2012, 10:14 AM
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Genting Bhd (RM10.84/share)
Genting'sS'pore unit to issue securities worth RM1.2bil in expansion plan A seniorexecutive of casino operator, Genting Singapore Plc, said it is planning a secondissue of perpetual securities worth about US$397.0mil (RM1.2bil) and could usethe proceeds to expand into Japan and South Korea. Genting Singapore, a unit ofMalaysian group Genting Bhd, plans to sell S$500.0mil (US$397.0mil) inperpetual subordinated capital securities, a hybrid of bonds and equities, tomostly retail investors.  Reutersreported that this follows its S$1.8bil issue of perpetual securities last monththat was sold mainly to institutional and private banking investors. Chieffinancial officer Lee Shi Ruh said the company is well positioned for such opportunities.She added that the potential liberalisation of Japan and South Korea's gamingindustries could follow a similar path to Singapore, which legalised casinos in2005. Genting Singapore's latest issue will pay an annual coupon of 5.125%until October 2022 and 6.125%after that, with the company having an option toredeem the securities in 2017. ' StarBiz

Hong Leong Bank Bhd (RM12.40/share)
Hong Leonggets SC nod for US$1.5b notes Hong Leong Bank Bhd has received the approvalfrom the Securities Commission (SC) on the proposed Euro Medium-Term NoteProgramme of up to US$1.5 billion (RM4.61 billion). In a statement, Hong LeongBank said the net proceeds from the programme will be used for general workingcapital and other corporate purposes. Citigroup Global Markets Ltd, HL Bank,Mitsubishi UFJ Securities International plc and The Royal Bank of Scotland plcare the arranges and dealers for the programme. ' Business Times

KFC Holdings (M) Bhd (RM3.81/share)
To spendRM12 million this year to promote branding KFC Holdings (Malaysia) Bhd'sManaging Director, Haji Jamaludin Md Ali, said it will spend about RM12.0mil inadvertising, marketing and promotions for its 'So Good' branding tagline, overthree phases this year. He said in general, the branding campaign willencompass several phases, but this year, there will be three. At the launch ofthe first phase sub-theme of the tagline 'So Good', which is, 'That's Why ItTastes So Good', he said they are spending RM4.0mil on the first phase and planabout the same amount for the second and third. The sub-theme is expected to drivesales up by around 10.0% to 15.0% in the second quarter. ' StarBiz

Source: AmeSecurties 
GENTING (3182)KFC (3492)HLBANK (5819)
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