NST Online Business Times : latest

Brahim's aims to take in flight catering global

Posted: 09 Dec 2012 05:51 PM PST

KUALA LUMPUR: Inflight caterer, Brahim's Holdings Bhd, is aiming to provide premium halal food and beverage (F&B) to the domestic and international aviation sectors as part of its endeavour to expand its operations.

Executive chairman Datuk Ibrahim Ahmad Badawi said the company has a strong foothold in various F&B operations from providing flight catering services to operating airport restaurants and restaurant franchises to upstream sugar refinery operations.

"Quite a number of enquiries have been made to the company from
international aviation companies such as Etihad, Gulf and Qatar Airways requesting Brahim's to provide flight kitchen services.

"We've actually got a number of enquiries from flight kitchens overseas that want to start their own halal facility with Malaysia's expertise in setting up halal flight catering," he told Bernama.

Brahim's recently forged a joint venture with the Jordanian government to set up its first overseas factory to manufacture products for the Jordanian military.

The venture would also serve as Brahim's hub for the lucrative Middle East market, he said.

The factory's official opening is slated for early January, he said.

The company is also eyeing penetrating other overseas markets such as Indonesia, Japan, Nigeria and several other Middle Eastern countries.

The company recently obtained its shareholders' approval to complete the acquisition of the remaining 49 per cent shareholdings in Brahim's-LSG Sky Chefs Holdings Sdn Bhd (BSLG) for RM130 million.

Upon completion of the acquisition exercise, Brahim's will be able to consolidate BLSG as its wholly-owned subsidiary, and capture 100 per cent of its revenue and earnings in the provision of in-flight catering and related services.

It will also transform the company into a global halal food and beverage group.

With the acquisition, it will have fully Malaysianised operating company of the world's largest halal flight kitchen, marking the accomplishment of a Bumiputera-listed company in providing halal in-flight meals catering to over 30 international airlines out of the Kuala Lumpur International Airport (KLIA) and more significantly to its single largest customer, Malaysia Airlines
(MAS)," Ibrahim said.

Recent newsreports projected that Brahim's revenue would soar to RM200 million next year mainly through the full acquisition of BLSG and the recently secured premium food court and a separate fast-food outlet deal at KLIA2. -- BERNAMA

FBM KLCI opens higher in early trade

Posted: 09 Dec 2012 05:57 PM PST

KUALA LUMPUR: Share prices on Bursa Malaysia opened higher in early trading Monday, extending Friday's gains on continued buying support, dealers said.

After 35 minutes of trading, the barometer FTSE Bursa Malaysia KLCI (FBM KLCI) was 4.42 points better at 1,622.42, after opening 0.48 of a point higher at 1,618.25.

HwangDBS Vickers Research has expected the local bourse to open slightly lower today after getting a lift in the final minutes of trading to close at an intra-day high of 1,617.77 on Friday.

"Nevertheless, the key market barometer is expected to show resilience against a fairly quiet market backdrop.

"On the chart, the immediate support and resistance lines are currently set at 1,600 and 1,617, respectively," the research house said in a note today.

HwangDBS also said the monthly plantation statistics on production, inventory and exports for November are due for release around noon today.

Meanwhile, the Finance Index rose 12.14 points to 15,052.33, the Industrial Index gained 4.87 points to 2,691.67 and the Plantation Index added 7.32 points to 7,845.61.

However, the Ace Index slipped 3.25 points to 4,162.99, but the FBMT100 advanced 24.13 points to 10,883.27, the FBM Emas garnered 25.01 points to 11,030.91, while the FBM Mid 70 index was 6.1 points better at 11,030.91.

There were 126 gainers and 78 losers while 134 counters were unchanged, 1,301 counters untraded and 18 others were suspended.

Volume stood at 102.2 million shares worth RM66.69 million.

Among actives, Tiger Synergy rose three sen to 41.5 sen, Time engineering gained 2.5 sen to 31.5 sen while Takaso Resources and Asia Media earned one sen each to 34 sen and 43.5 sen, respectively.

Heavyweights, Maybank and CIMB improved three sen each to RM9.09 and 7.58, respectively, Sime Darby added one sen to RM9.01 and Axiata gained two sen to RM6. -- BERNAMA

Kredit: www.nst.com.my

Ahad, 9 Disember 2012

NST Online Business Times : latest

NST Online Business Times : latest

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