It is a strong proxy to ride the IDR inflection point in 2012 with 67% of sum of parts
from Johor. It is in the process of disposing of 202ha of its 1100ha of land in Senai to a developer.
As for the 913ha of Tanjong Bin land, MMC will likely exercise the option to take 20% in Vitol Terminal giving it a steady stream of income in the future.
It is also in talks with other petrochemical companies.
Gas Malaysia will be the first subsidiary to be listed with indicative price of rm2.8 billion.
Its other cash cow, Malakoff could be listed in 2013/2014.
Tanjong Bin has secured rm6.5 billion financing for the additonal 1000MW. It will also be partnering Petronas Power Sdn Bhd and Mitsubishi to bid for new Prai plant.
Its port business continues to flourish … PTP.
The full impact of Johor Port Bhd’s tariff increase will also be felt in FY2012E.
The stock is also an alternative proxy to the MRT.
from Johor. It is in the process of disposing of 202ha of its 1100ha of land in Senai to a developer.
As for the 913ha of Tanjong Bin land, MMC will likely exercise the option to take 20% in Vitol Terminal giving it a steady stream of income in the future.
It is also in talks with other petrochemical companies.
Gas Malaysia will be the first subsidiary to be listed with indicative price of rm2.8 billion.
Its other cash cow, Malakoff could be listed in 2013/2014.
Tanjong Bin has secured rm6.5 billion financing for the additonal 1000MW. It will also be partnering Petronas Power Sdn Bhd and Mitsubishi to bid for new Prai plant.
Its port business continues to flourish … PTP.
The full impact of Johor Port Bhd’s tariff increase will also be felt in FY2012E.
The stock is also an alternative proxy to the MRT.
No comments:
Post a Comment