MPHB: It is turning into a pure gaming numbers forecast operators, had proposed to divest its nongaming assets into MPHB Capital Bhd whose shares will be offered toshareholders at only rm1 each. In its exercise to demerge its gaming and nongaming assets, MPHB will also reward shareholders at an estimated 48.5 sen eachfrom the proceeds of the offer for sale via a capital repayment exercise. Atthe end of the exercise, MPHB will only the NFO business left, will undertake aname change to Magnum.


THHeavy: It is applying for an early upliftment out of PN17. Starting from a clean state, thecompany has been able to post profit for two consecutive quarters in the firsthalf of 2012. This puts THE in a good position to seek early upliftment fromPN17 status. It previously debt laden oil and gas fabrication company hascompleted its regularization plan that managed to raise rm106 million freshcapital through a rights issue. According to the listing requirements, acompany has to make profit in the immediate two consecutive quarters after ithas completed its regularization plan for it to be uplifted from the PN17status.


In Ramunia's case, it already has made profit for two consecutivequarters although it was before the completion of its regulization plan. TTHEis 25.17% owned by Tabung Haji. It posted a net profit of rm7.8 million forquarter ended March 31, 2012 and rm6 million for the second quarter ended June30, 2012. The earnings mainly came from its small renewable energy power plantproject.


MCIL: It is proposing to float the shares of its travel related businesses on the GrowthEnterprise Market in HK. However it would remain a 75% stake of its travel andtour companies which were held under wholly owned units, Charming HK andCharming North America.



AMBank: It has no plan to acquire banks, outside Malaysiaas the group's partnership with its major shareholder, ANZ, is sufficientfor its reach abroad. However, its MD said that he did not rule out suchpossibility.


Meanwhile ANZ group chief said that the Aussie banking group wouldconsider selling, some of its stakes in Asian banks if Australia didnot ease stringent capital requirements. ANZ owns stakes in eight banks in theregion including 24% stake in AMMB in Malaysia.


DRBHicom: DRBHicom's unit Gadek Bhd hasreceived BNM's approval to commence preliminary negotiations in relationto the possible disposal on its equity interests in UAG and UAL.


Tenaga: 1MDB's appetite for risk may also enticemore power transactions. There is now a shift of generation ownership to publichands, which is positive for Tenaga. Expect more news flow on Malaysia'senergy reforms. After gas imports in September 2012, the regulator could nextimplement an automatic fuel cost pass-through for Tenaga.


Sendai: It is talking to the awardees of theMass Rapid Transit (MRT) Sungai Buloh-Kajang Line to undertake some of thesteel jobs dished out in the RM30 billion rail project.