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Showing posts with label CIMB. Show all posts
Showing posts with label CIMB. Show all posts
Wednesday, 2 January 2013
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Monday, 31 December 2012
Monday, 16 January 2012
AirAsia X's adieu may not be forever
Read More: http://www.btimes.com.my/articles/20120114015715/Article/
Considering that flights to London end in late March, Branson's skirt challenge is unlikely to happen. "At the direction oil is heading, long haul is very tough but we could probably see them revisiting the routes in the future," OSK Research analyst Ahmad Maghfur Usman told Business Times yesterday. Another analyst who declined to be named concurred, saying that the routes could be revisited when AirAsia X takes delivery of its 10 Airbus A350 XWBs between 2016 and 2018. At the signing ceremony of the aircraft order, AirAsia X chief executive officer Azran Osman-Rani had said the aircraft would allow it to operate with unprecedented unit costs for long-haul flights to Europe and North America. The A340, which is what AirAsia X is currently using for the London and Paris routes, is known to be a fuel guzzler, contributing to the losses it experienced on these routes. On Thursday, AirAsia X announced it would stop servicing London, Paris, Mumbai and New Delhi by April 2012. "The announcement definitely underscores the difficulty behind the low-cost long-haul model, but AirAsia X flying these routes again are within the realm of possibility," said Standard and Poor's senior aviation analyst Shukor Yusof. Analysts are in agreement that the suspension of its lossmaking routes will make the initial public offering (IPO) for AirAsia X a more attractive one to investors. "AirAsia X is likely to be able to achieve an IPO in 2013," Maghfur said. The 2013 deadline is considered more doable as it would give AirAsia X an opportunity to clean up the red ink in its books. "Of course that is barring any pressing need for cash or to exit the company by its shareholders,"one analyst said.
Considering that flights to London end in late March, Branson's skirt challenge is unlikely to happen. "At the direction oil is heading, long haul is very tough but we could probably see them revisiting the routes in the future," OSK Research analyst Ahmad Maghfur Usman told Business Times yesterday. Another analyst who declined to be named concurred, saying that the routes could be revisited when AirAsia X takes delivery of its 10 Airbus A350 XWBs between 2016 and 2018. At the signing ceremony of the aircraft order, AirAsia X chief executive officer Azran Osman-Rani had said the aircraft would allow it to operate with unprecedented unit costs for long-haul flights to Europe and North America. The A340, which is what AirAsia X is currently using for the London and Paris routes, is known to be a fuel guzzler, contributing to the losses it experienced on these routes. On Thursday, AirAsia X announced it would stop servicing London, Paris, Mumbai and New Delhi by April 2012. "The announcement definitely underscores the difficulty behind the low-cost long-haul model, but AirAsia X flying these routes again are within the realm of possibility," said Standard and Poor's senior aviation analyst Shukor Yusof. Analysts are in agreement that the suspension of its lossmaking routes will make the initial public offering (IPO) for AirAsia X a more attractive one to investors. "AirAsia X is likely to be able to achieve an IPO in 2013," Maghfur said. The 2013 deadline is considered more doable as it would give AirAsia X an opportunity to clean up the red ink in its books. "Of course that is barring any pressing need for cash or to exit the company by its shareholders,"one analyst said.
Saturday, 24 September 2011
Bandar Raya accepts offer
Upon completion of the RM914 million deal, BRDB is also proposing to pay RM390.12 million or 80 sen a share as cash dividend to shareholders
Read more: Bandar Raya accepts offer http://www.btimes.com.my/articles/BDIVI/Article/#ixzz1YsQyRudO
Kuala Lumpur: Bandar Raya Developments Bhd (BRDB)'s board of directors have accepted an offer from Ambang Sehati Sdn Bhd to acquire some of its assets and liabilities in a deal valued at RM914 million. Upon completion of the deal, BRDB is also proposing to pay RM390.12 million or 80 sen a share as cash dividend to shareholders, upon receiving the cash from Ambang Sehati. Early this month, the BRDB board hired CIMB Investment Bank to evaluate the deal. Ambang Sehati is 26 per cent-controlled by BRDB's chairman Datuk Mohamed Moiz Jabir Mohamed Ali Moiz. Moiz also has an 18.8 per cent stake in BRDB. "This was an unsolicited offer. We did receive offers from other parties before but there was nothing serious on the table. After weighing the offer from Ambang Sehati against what is happening in the market, we found it a very interesting deal," said BRDB's chief executive officer Datuk Jagan Sabapathy. Speaking to newsmen after the close of the stock market yesterday, Jagan said the board's decision took into account the advice and opinion of its main adviser CIMB and independent adviser Public Investment Bank Bhd.
Read more: Bandar Raya accepts offer http://www.btimes.com.my/articles/BDIVI/Article/#ixzz1YsQyRudO
Sunday, 3 July 2011
Wednesday, 6 April 2011
Tuesday, 15 March 2011
Wednesday, 2 March 2011
Thursday, 17 February 2011
Tuesday, 11 January 2011
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