Wednesday, September 29, 2010

Taman Putra Prima in 2010

wikimapia updated the map
source: wikimapia

Tuesday, September 21, 2010

Carrefour to continue expanding ops

PUTRAJAYA: Carrefour Malaysia is going ahead with the opening of two new branches in Selangor despite news that the French retail giant is exiting South-East Asia.
Carrefour Malaysia chairman Tan Sri Abdul Aziz Shamsudin said the two new hypermarkets were in Puchong Utama and Section 23 Shah Alam.
Asked if sales had been affected by news of Carrefour’s divestment, he said there had been no impact to date as the hypermarket operator had many loyal customers.
Apart from Malaysia, Carrefour – the world’s second-biggest retailer – is also said to be selling off its businesses in Singapore and Thailand.
Carrefour yesterday received the Halal Certification Malaysia for its meat, salad bar and bakery sections from the Department of Islamic Development Malaysia (Jakim).
“We are not targeting any increase in sales through the halal certification but it is being done as an appreciation for our loyal customers,” Abdul Aziz said.
With the certification, Carrefour becomes the first hypermarket to offer fully halal products at the three sections.
Information kiosks (I-Kiosks) are also available for customers to check the status of products being sold.
The initiative, which began at Carrefour Putrajaya, will be extended to other branches nationwide. It will also eventually cover other sections of the hypermarkets.
Carrefour plans to increase the sales of food products from small and medium enterprises to 11% in 2011 from an estimated 10% this year.

source— Bernama

Monday, September 20, 2010

IKEA 2011 catalog is out now!

The full version of IKEA Malaysia 2011 catalog is out now! Go here to view it:

Sunday, September 12, 2010

Blood Donation Campaign 2010

Plenitude (OSK Research) maintain buy; target price RM4.84

A Bonus Surprise

On 7 Sept 2010, Plenitude proposed a 1-for-1 bonus issue (Bursa).

Announces 1-for-1 bonus issue. We had always wondered what Plenitude would do with the large reserves that the company has been building up since its listing in 2003.Given the illiquidity of the stock, we had always suspected that the management would eventually carry out a bonus issue. However, since the management had vehemently indicated in the past that it had no interest in embarking on such a corporate exercise to improve the stock’s liquidity, its proposed 1-for-1 bonus issue certainly took us by surprise. The 1-for-1 bonus issue will involve an issuance of up to 135m shares to be issued at a date to be announced later.No changes to earnings estimates, of course. The bonus issue exercise will of course have no impact on our earnings forecast. But accordingly, ex-bonus, our EPS and NTA/share will be reduced by 50% (FY11: from 72.4 sen and RM5.94 to 36.2 sen and RM2.97 respectively). Consequently, our fair value, which is based on 0.8x CY11 P/NTA, will be adjusted from RM4.84 to RM2.42. A timely move. Maintain BUY. Note that we upgraded Plenitude’s fair value to RM4.84 (cum) in our 3 Sept 2010 property sector report, ‘A Brewing Real Estate Mania’ on thepremise that Plenitude stands to gain from the coming property upcycle, which will be primarily led by the mid-to-high end landed properties. With no changes to our outlook on the fundamentals of the stock for now, we continue to value Plenitude at RM4.84 (cum) based on 0.8x CY11 P/NTA, which is approximately 2.5σ above its 7-year historical mean. Coupled with the anticipated brighter sector outlook in the horizon, the substantially improved liquidity in the stock would soon capture the attention of institutional investors, and potentially provide a shot-in-the-arm to Plenitude’s valuation. As this is also the first time that Plenitude actually appears to be proactive in addressing the issue of the stock’s liquidity since its listing in 2003, we see the possibility of Plenitude trading at a premium even to its historical valuation soon. Maintain BUY.

Wednesday, September 1, 2010

TM ending UniFi installation fee waiver from 1 October onwards

The introductory promotional period for Telekom Malaysia Berhad (TM)’s UniFi high speed broadband service will end on 30 September 2010.
Starting from 1st October 2010 TM will begin charging a one-time fee of RM200 for UniFi installation. This installation charge is across the board; covering the UniFi VIP5, VIP10 and VIP 20 triple-play consumer packages as well as the BIZ5, BIZ10 and BIZ20 business packages. For convenience, the UniFi installation charge will be spread in instalments over a period of 5-months at RM40 per month and will be reflected in the customer’s monthly bills.
However, all of the related UniFi customer premise equipment and peripherals including router/access point, the broadband termination unit (modem) DECT phone and Internet Protocol Television (IPTV) set top box -- estimated to be worth RM800 -- will continue to be provided by TM free-of-charge.
Imri Mokhtar, Executive Vice-President for Consumer, TM, further emphasised that despite the upcoming installation charges for UniFi from 1 October 2010, consumers who sign up before the date will not be levied with the fee even if their installation takes place after the date.
“As our promotional period for UniFi will end on 30 September 2010, interested customers are encouraged to sign up for their selected UniFi packages soonest possible before the end of September to continue enjoying the current waiver of the installation charges. So grab the chance to become pioneers and enjoy the immense experience change in communications, lifestyle and entertainment brought about by high-speed broadband.”
Imri then elaborated on the tedious and complex installation process required for UniFi: “UniFi installation is very different compared to normal telephony and broadband installation due to the sensitive nature of the technology involved which requires a high degree of accuracy. UniFi is a service provisioned via direct fibre connectivity to the home where the installation process is more complicated and requires a high degree of technical competency. The UniFi installation process involves many elements - a site survey, drilling, ducting, piping, electrical work and equipment reconfiguration. Our specialist installers will be dealing with delicate and fine fibre optic cables, which require a very different handling methodology compared to normal copper cables. Hence, UniFi installation at a particular premise will usually take between 3 – 8 hours.”
UniFi was launched in March this year in selected areas around the Klang Valley. TM’s UniFi service is currently available in 23 areas including Shah Alam, Damansara, Taman Tun Dr Ismail, Bangsar, Wangsa Maju, Sungai Buloh, Puchong and Cyberjaya, as well as Putrajaya and Damansara; and 5 areas outside the Klang Valley, located in industrial zones such as Kulim Hi-Tech Park in Kedah, Bayan Baru in Penang, Senai and Permas in Johor. UniFi service rollout has exceeded 500,000 premises passed nationwide. UniFi is being progressively rolled out to cover 48 exchange areas reaching 750,000 premises passed by the end of 2010, and 1.3mil premises passed by the end of 2012.
There are over 9,000 UniFi customers currently and approximately 12,000 applicants have registered their interest in the service.
UniFi is currently being offered via three residential and three business packages. The Residential triple-play packages are VIP5 at RM149 a month, VIP10 at RM199 a month and VIP20 at RM249 a month. Each package comes with voice, high speed Internet and either a basic or premium HyppTV subscription. The businesses packages are BIZ5 at RM199 a month, BIZ10 at RM599 a month and BIZ20 at RM899 a month. Each business package comes with an attractive call plan, high speed Internet and a host of complimentary value added services.
source: @TMCorp