Ramunia closing in on RM150m Shell deal

Source From (Business Times): http://www.btimes.com.my/Current_News/BTIMES/articles/20120425234848/Article/index_html

Published: Monday April 26
Francis Fernandez

Ramunia will be awarded the project once it receives a bank guarantee from financial institutions willing to back the company’s participation in it, says a source.
 
KUALA LUMPUR: Ramunia Holdings Bhd, an oil and gas company partly owned by Lembaga Tabung Haji, is close to securing a RM150 million contract from a unit of Shell Malaysia, sources said yesterday.

It is understood that the contract is from Shell Malaysia’s upstream operating company Sarawak Shell Bhd.

Just two weeks ago, Shell Sarawak and its partner Petronas Carigali Sdn Bhd signed two new exploration and production sharing contracts (PSCs) offshore Sarawak with Petroliam Nasional Bhd.

According to Shell, the minimum financial commitment for activities in the two blocks would be in the region of US$145 million (RM444 million) over the next four years.

“Yes, the contract is in Sarawak. Ramunia will be awarded the project once it receives a bank guarantee from financial institutions willing to back the company’s participation in it,” said the source.

Business Times was told that an announcement could be made by as early as next week, and that winning the project would help speed up Ramunia’s exit from the Practice Note 17 category (PN17).

PN17 companies are those that face some financial difficulties
and need to regularise their accounts to help justify their existence as an ongoing business entity.

Bursa Malaysia Securities had on January 19 approved Ramunia’s regularisation plan.

Under the plan, Ramunia is proposing a renounceable two-for-five rights issue of up to 391.441 million new shares at an indicative issue price of 40 sen per rights share.

The script exercise if fully subscribed will help raise some RM156.6 million.

The money from the rights issue is expected to be used to buy a fabrication yard in Pulau Indah for RM83.8 million from Oilfab Sdn Bhd.

Ramunia also has the backing from Lembaga Tabung Haji, which owns a 25.17 per cent stake in the company, to subscribe for its entitlement under the proposed rights shares.

It is further understood that upon completion of the exercise, the company’s name will be changed to Tabung Haji Energy Bhd.

MIDF upgrades Sunway Reit to 'buy'

Source From (Business Times): http://www.btimes.com.my/Current_News/BTIMES/articles/20120426100711/Article/index_html

Published: Monday April 26

MIDF Research upgraded Sunway Real Estate Investment Trust (Reit) to "buy" after the latter’s latest earnings result exceeded market expectations.

“Our forecast had underestimated the growth of the hospitality segment which had surprisingly registered commendable growth in a challenging economic environment,” the broker said in a research note on Thursday.

MIDF raised its target price for Sunway Reit to RM1.39 per share from RM1.36 previously, while it lifted the Reit’s earnings forecast for the fiscal year ending June 30, 2012 by 6 percent.

By 10am , Sunway Reit shares rose 2.42 percent, outperforming the Malaysia’s benchmark stock index that climbed 0.08 percent. -- Reuters

Bank Pembangunan FY11 earnings up 20% to RM462mil

Source From (The Star Online): http://biz.thestar.com.my/news/story.asp?file=/2012/4/23/business/20120423154637&sec=business%3Cbr%20/%3E

Published: Monday April 23, 2012 MYT 3:31:00 PM

KUALA LUMPUR: Bank Pembangunan Malaysia Bhd's (BPMB) net profit rose 20% for the financial year ended Dec 31, 2011 to RM462mil.
It said on Monday its pre-tax profit rose 23% to RM618mil from RM503mil.
BPMB said net interest income increased by nearly 3.6% to RM664mil from RM641mil due to higher income from loans and advances on the back of 6% gross loan growth.
It said the gross loan growth was largely contributed by loan disbursement to infrastructure projects totaling RM2.9 billion.
"Out of this, RM2.2 billion was for Government-backed projects, while RM306.2 million was progress payment under private finance initiative (PFI) projects favouring the education sub-sector involving construction of UiTM campuses," BPMB said.

Bank Pembangunan's Pre-tax Profit Up 23 Per Cent

Source From (Bernama): http://www.bernama.com.my/bernama/v6/newsbusiness.php?id=661208

April 23, 2012 18:12 PM

KUALA LUMPUR, April 23 (Bernama) -- Bank Pembangunan Malaysia Bhd's (BPMB) pre-tax profit rose 23 per cent year-on-year (y-o-y) to RM618 million for the financial year ended Dec 31, 2011.

Its net profit increased 20 per cent y-o-y to RM462 million, said BPMB in a statement Monday.

"This was attributable to higher income from loans and advances on the back of a six per cent gross loan growth, largely contributed by loan disbursement to infrastructure projects totalling RM2.9 billion," it said.

Out of this, RM2.2 billion was for Government-backed projects, while RM306.2 million was progress payment under Private Finance Initiative projects, it added.

As a group, BPMB said pre-tax profit increased 12.8 per cent to RM619 million despite a seven per cent decrease in net income to RM1.2 billion in 2011.

-- BERNAMA

Bank Pembangunan untung

Source From (Utusan Malaysia): http://www.utusan.com.my/utusan/info.asp?y=2012&dt=0424&pub=Utusan_Malaysia&sec=Ekonomi&pg=ek_01.htm

Published: 24 April 2012
Oleh SARAH NADLIN ROHIM
bisnes.@utusan.com.my

KUALA LUMPUR 23 April - Bank Pembangunan Malaysia Bhd. (Bank Pembangunan) merekodkan peningkatan keuntungan sebelum cukai sebanyak 23 peratus kepada RM618 juta bagi tahun kewangan berakhir 31 Disember 2011.
Manakala, keuntungan bersihnya meningkat sebanyak 20 peratus berbanding 2010 kepada RM462 juta.
Presiden dan Pengarah Urusan Kumpulannya, Datuk Zafer Hashim berkata, Bank Pembangunan akan terus meneraju pembangunan negara dengan kesan tinggi telah dikenalpasti di bawah Bidang Ekonomi Utama Negara (NKEA).
"Minyak dan gas yang merupakan sebahagian daripada sektor sasaran di bawah maritim akan diberi penekanan sejajar dengan fokus khas kerajaan menjadikan bidang itu penting bagi pertumbuhan negara.
"Pelaksanaan pelbagai projek di bawah NKEA akan menawarkan peluang luas untuk diterokai Bank Pembangunan dan terus memenuhi mandat yang ditetapkan," katanya dalam kenyataan di sini hari ini.
Tambah Zafer, dengan prestasi Bank Pembangunan yang memberangsangkan pada 2011 serta komitmen pemegang saham dividen akhir sebanyak 3.25 peratus bersamaan RM100 juta akan dicadangkan pada mesyuarat agung tahunan akan datang.
"Kadar dividen itu mengekalkan jumlah yang dibayar oleh Bank Pembangunan pada dua tahun sebelumnya iaitu pada 2009 dan 2010," jelasnya.
Setakat ini, Bank Pembangunan telah meluluskan pinjaman berjumlah RM1.7 bilion yang disalurkan kepada sektor infrastruktur, maritim dan teknologi.

Bank Pembangunan raih RM618j

Source From (Berita Harian): http://www.bharian.com.my/bharian/articles/BankPembangunanraihRM618j/Article/index_html

Published: 24 April 2012
Oleh Shahrizan Salian

BANK Pembangunan Malaysia Bhd meraih keuntungan sebelum cukai RM618 juta bagi tahun kewangan berakhir 31 Disember 2011, meningkat 23 peratus daripada RM503 juta yang dicatatkan pada tahun sebelumnya.

Keuntungan bersih yang diraihnya pula meningkat 20 peratus kepada RM462 juta daripada tahun sebelumnya.

Pendapatan faedah bersih kumpulan meningkat sebanyak RM23 juta daripada RM641 juta pada 2010 kepada RM664 juta bagi tahun kewangan dikaji.

Ia disumbangkan oleh pendapatan lebih tinggi daripada pinjaman dan pendahuluan daripada pertumbuhan pinjaman kasar yang berkembang enam peratus, kebanyakannya menerusi agihan pinjaman kepada projek infrastruktur yang berjumlah RM2.9 bilion.

Daripada jumlah itu, RM2.2 bilion adalah untuk projek sokongan kerajaan, manakala RM306.2 juta adalah bayaran kemajuan di bawah projek Inisiatif Pembiayaan Swasta (PFI) yang memberi tumpuan kepada sub sektor pendidikan membabitkan pembinaan kampus Universiti Teknologi Mara (UiTM).

Presiden dan Pengarah Urusan Kumpulan Bank Pembangunan, Datuk Zafer Hashim, berkata kumpulan akan terus menerajui pembangunan semua sektor yang diceburinya untuk tahun ini, khususnya membabitkan projek impak tinggi yang dikenal pasti di bawah Bidang Ekonomi Utama Negara (NKEA).

Beliau berkata, sektor minyak dan gas yang menjadi sebahagian sektor sasaran Bank Pembangunan di bawah industri maritim akan diberikan penekanan lebih menyeluruh tahun ini sejajar tumpuan khas kerajaan untuk memacu sektor itu menjadi pemangkin pertumbuhan ekonomi negara.
Katanya, pelaksanaan beberapa projek di bawah NKEA menyediakan peluang lebih luas kepada kumpulan untuk terus memenuhi peranannya seperti dimandatkan.

“Berikutan prestasi terpuji Bank Pembangunan tahun lalu serta komitmen kepada pembentukan nilai pemegang saham, dividen akhir 3.25 peratus yang bersamaan RM100 juta akan dicadangkan pada mesyuarat agung tahunan,” katanya dalam satu kenyataan yang di keluarkan di sini, semalam.

Dividen yang diumumkan itu mengekalkan jumlah sama dibayar oleh Bank Pembangunan dalam dua tahun kewangan sebelum ini.

Di peringkat kumpulan, keuntungan sebelum cukainya meningkat 12.8 peratus kepada RM619 juta daripada RM549 juta tahun lalu, meskipun berlaku penurunan pendapatan bersih sebanyak tujuh peratus kepada RM1.2 bilion tahun lalu memandangkan caj ‘overhead’ mencatatkan penurunan ketara daripada tahun sebelumnya.

Anak syarikatnya, Global Maritime Ventures Bhd terus dijejaskan oleh kelembapan global dalam industri perkapalan, yang menghasilkan pendapatan rendah sebanyak 34 peratus kepada RM102 juta daripada tahun kewangan sebelumnya.