NST Online Business Times : latest

Posted: 25 Nov 2012 06:34 PM PST

Affin Investment Bank cut its target price on Petronas Gas Bhd to RM16.60 from RM17.40, citing a project delay which may hurt the company's earnings next year.

"We downgrade our earnings per share for the next two years by 7.1 per cent to 16.8 per cent to account for lower-than-expected performance-based income, and to account for a six-month delay in the commissioning of the Melaka regasification terminal," said Affin in a report on Monday. It maintained a "reduce" call on the stock.

The company's net profit fell 18.9 per cent to RM310.5 million in the third quarter ended Sept. 30 after revenue from gas processing dropped by almost 30 per cent on lower export volumes.

Petronas Gas shares were down 0.53 per cent at RM18.80 as of 10.14am. -- Reuters

Malaysia remain top exporter to Germany

Posted: 25 Nov 2012 06:56 PM PST

Though its exports to Germany fell sharply in the first half of 2012, Malaysia has asserted its position as the leading exporting nation to Germany among the 10-member Asean regional grouping.

Malaysia's exports dwindled by 14.9 per cent to 2.704 billion euros in the first half of this year, down from 3.176 euros in the same period last year.

Germany's exports to Malaysia in the same period rose 17.2 per cent to 2.458 billion euros, up from 2.096 billion in the Jan-June period 2011.

Although Malaysia has traditionally maintained a surplus in the balance-of-trade account with Germany, the difference is being rapidly reduced,according to the data released by the Hamburg-based Asia-Pacific Business Council.

The council is an apex organisation that promotes trade and business between Germany and Asia-Pacific. It is popularly known by its German acronym "OAV".

"The decline in Malaysia's exports is due to a number of factors, primarily itcan be attributed to a cautious mood in Germany resulting from the ongoing Europe-wide crisis and a sluggish German economy.

"The Euro crisis has, of course, had an impact on general buying by importers but there is also this feeling of wait-and-watch before engaging in any heavy buying," explains Herbert Werner, a German management consultant based outside Cologne, and is familiar with Asia which he frequently visits.

German experts feel that Malaysia should do some aggressive marketing in Germany and also encourage Malaysian companies, by extending financial aid, to participate in German trade fairs.

The fairs, besides being good hard-selling venues, provide excellent visibility to Malaysian products and services.

Indeed, the trade fairs have evolved into strong marketing tools, used bymany Asian countries such as China, India, South Korea and Indonesia, which send large contingents of exhibitors to German fairs. -- Bernama

Kredit: www.nst.com.my

Ahad, 25 November 2012

NST Online Business Times : latest

NST Online Business Times : latest

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