Journey to Wealth
News Highlights - Axiata Group, AirAsia
Axiata Group (RM5.90/share)
Axita plans airtime sukuk
Malaysia's Axiata Group Bhd joins a growing number of companies using mobilephone airtime to back Islamic transactions as Asian subscribers are forecast to dominate the global market in three years. The nation's biggest telecommunications operator, with businesses in India, Indonesia and Sri Lanka, set up its first multicurrency sukuk programme worth US$1.5bil backed by telephone minutes, according to a July 19 stock exchange filing. More Islamic bond issuers are using airtime as an asset class due to the limited pool of commodities such as land and property ' The Star
Air Asia Berhad (RM3.72/share)
AirAsia assures Indonesia Batavia Air buy will follow rules
The Indonesian government has been assured that the acquisition of the domestic airline, Batavia Air, by low-cost-carrier Indonesia AirAsia (IAA) will comply with Indonesian rules. PT Fersindo Nusaperkasa, owner of a 51% stake in Indonesia AirAsia gave its commitment on the matter. Malaysian-based AirAsia Bhd controls the remaining 49% stake in Indonesia AirAsia. Under Indonesian rules, foreign ownership of airlines is capped at 49%, leaving the remaining 51% of shares in the hands of Indonesians. Business Competition Supervisory Commission said they would look into the composition of ownership in the parent company of IAA, to make sure the Malaysian company does not control too much share of the domestic market. The commission would annul the acquisition of Batavia Air by IAA if it had the potential to stop other carriers from growing in the aviation industry.IAA has been reported as the strongest international player in 2011 by carrying 3.38 million passengers or 41.58% of the international market, while it carried only 181,200 domestic passengers accounting for three 3% of the domestic share. - Bernama
Source: AmeSecurities
Related Stocks
| Chart | Stock Name | Last | Change | Volume |
|---|
More articles on Journey to Wealth
Ekovest: No plan to launch another offer for Iskandar Waterfront City
Created by kiasutrader | Mar 29, 2018
Kenanga Research - On our Portfolio - Parliament dissolution around the corner?
Created by kiasutrader | Mar 25, 2013
Plantation Sector - Proposed accounting standard scrapped OVERWEIGHT
Created by kiasutrader | Mar 25, 2013
Pavilion Reit - Limited upside, earnings upside have been priced in HOLD
Created by kiasutrader | Mar 25, 2013
Discussions
Be the first to like this. Showing 0 of 0 comments
Post a Comment
Featured Posts
Latest Videos
Apps
Top Articles
1
2
4
save malaysia!
Visa-free travel to China extended for Malaysians to 30 days
5
6
7
BFM Podcast
8
#
Stock
Score
Daily Stocks
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Featured Advertisers / Partners
Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
