03 Jan 2012
Telekom Malaysia: RM3b capital expenditure to improve services. TM plans to spend up to RM3b in capital expenditure this year as it continues to roll out high speed broadband (HSBB) access to more areas and expand its internet access beyond homes and offices via WiFi hotspots. By April, Kuala Lumpur City Hall has mandated that all eateries in the city which has a floor space of 120 sq m or more to provide WiFi at their premises. (Source: The Star)
MAHB: Offers direct connection to Russia as Transaero debuts at KLIA. Transaero, the sole airline from Russia to operate into Kuala Lumpur, operates one weekly flight every Saturday from Moscow and Kuala Lumpur and vice versa, using a Boeing 767 aircraft with 255 seat configuration. In 2011, apart from Transaero, KLIA also welcomed Air Koryo and Lion Air, while Egypt Air made a comeback to KLIA. (Source: The Sun Daily)
Auto: Positive sentiment drives premium vehicle sales in 2011. Sales of premium segment vehicles were robust in 2011 indicating positive consumer sentiment and good purchasing power in a year that saw output of Japanese marques affected by earthquake in Japan and floods in Thailand. Prominent brands such as Mercedes Benz, BMW, Lexus, Audi, Volvo ad Porsche saw marked increases in the 11 months ended November. (Source: The Star)
MCIL: Payout ratio of 60% for next two years. Media Chinese International Ltd (MCIL) sees that its dividend surprises are likely to go forward to right-size the group's balance sheet. It is incorporating a payout ratio of 60% for the next two years, which translates into a decent yield of more than 5% per year. (Source: Business Times)
(Information from MBB)
