Journey to Wealth

News Highlights - Bursa Malaysia, AirAsia, Telekom Malaysia, Tenaga Nasional

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Publish date: Tue, 19 Jun 2012, 10:31 AM

Bursa Malaysia Bhd (RM6.17/share)
Offers CDS Straight-Through Processing facility
Bursa Malaysia Bhd has introduced the CDS Straight-Through Processing (CDSSTP) facility for its market participants to better manage transactions performed by Central Depository System (CDS) account holders. With the rolling-out of the first phase of the CDS-STP service yesterday, subscribing brokers will be able to receive regular updates of their clients' CDS account balances. This will enable clients, especially those who trade through the internet, to keep abreast of their updated CDS account balances, thus minimising the risk of overselling their positions. Subscribing brokers will need to obtain their clients' written consent to receive CDS account balances from Bursa Malaysia under this phase. Additionally, under this phase market participants will be provided with information on all securities listed on Bursa Malaysia. ' StarBiz

AirAsia Bhd (RM3.68/share)
Aireen to pilot AirAsia Malaysia
AirAsia Bhd yesterday appointed Aireen Omar to head its Malaysian operations asthe founder of Asia's largest budget carrier, Tan Sri Tony Fernandes, moves to Indonesia to focus on regional expansion plans. Prior to the appointment, Aireen was AirAsia's regional head of corporate finance and treasury. Aireen said she intended to maintain and grow AirAsia's current 60% domestic and 40% international market shares.  She added that the main challenges facing her would include maintaining market leadership, cost discipline and increasing revenue. ' Business Times

Telekom Malaysia Bhd (RM5.50/share)
To woo more developers
Telekom Malaysia Bhd (TM) wants to work with more housing developers to provide its UniFi broadband service. TM state general manager Ramlan Omar said the group had been working with several developers in Johor, Penang and the Klang Valley to install the service at their property projects. He added that they started working with developers to include TM's UniFi service in their properties for the last two to three years and have probably worked with around 15 developers to date. ' Business Times

Tenaga Nasional Bhd (RM6.49/share)
Signs MoU with Indonesia's utility company
Tenaga Nasional Bhd (TNB) has inked a memorandum of understanding with PT PLN, the Indonesian state owned utility company, and PT Bukit Asam, a company primarily involved in coal mining and a holder of the Production Operation Mining Permit in Indonesia. In an announcement to Bursa Malaysia, TNB said the agreement will facilitate cross border electricity-exchange to benefit the two countries. The agreement also covers the construction of a 275KV interconnection line from Telok Gong in Melaka to Garuda Sakti in Sumatera, Indonesia. It includes the development and construction of a mine mouth coal fired power plant in Peranap, Pekanbaru, Sumatera, Indonesia. - Bernama

Source: AmeSecurities 
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