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[公司专区] 1619 DRBHICOM 多元重工業

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发表于 2011-4-20 10:43 | 显示全部楼层
DRB-HICOM wins Pos stake

uala Lumpur: Tan Sri Syed Mokhtar Al Bukhary's DRB-HICOM Bhd has won a bid to take over national postal company Pos Malaysia Bhd, people familiar with the matter said yesterday.

Business Times understands that DRB-HICOM will sign an agreement with Khazanah Nasional Bhd early next week to buy the latter's Pos Malaysia stake.

DRB-HICOM sees Pos Malaysia as a crucial fit to expand its Islamic banking operation, now parked under Bank Muamalat Malaysia Bhd.

Khazanah, the government investment arm, currently holds 30 per cent of Bank Muamalat, while the remaining 70 per cent is owned by DRB-HICOM.

It is understood that DRB-HICOM is buying Pos Malaysia from Khazanah for about RM3.60 a share. The latter currently owns 32.21 per cent of Pos Malaysia.
The deal will value Khazanah's Pos Malaysia stake at about RM623 million.

Last year, Khazanah had called an open bidding process for suitors of Pos Malaysia.

About a week ago, two companies - DRB-HICOM and Scomi Group Bhd - were shortlisted by the Khazanah board.

It is understood that the DRB-HICOM bid was the most attractive option for Pos Malaysia because of the conglomerate's plan to eventually inject Bank Muamalat, the country's second full-fledged Islamic bank, into it.

This, in turn, will provide Bank Muamalat with a much wider network nationwide.

There are currently some 692 post offices and 355 mini post offices, according to Pos Malaysia's website.

Bank Muamalat, meanwhile, has 46 branches.

For the 15 months ended March 31 2010, Bank Muamalat posted a pre-tax profit of RM142 million versus RM44.1 million in the corresponding period in 2008,

Its total assets rose to RM16.7 billion from RM14.4 billion previously.

Bank Muamalat's 2010 financial year tracked 15 months instead of 12 months because it was changing its year-end to March 31 from December 31 to coincide with its parent's financial year.

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发表于 2011-4-20 15:26 | 显示全部楼层

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发表于 2011-4-20 15:32 | 显示全部楼层
DRB-Hicom says no notification from Khazanah about Pos stake

KUALA LUMPUR: DRB-HICOM BHD [] has not received any notification from Khazanah Nasional Bhd that it had won the 32.21% POS MALAYSIA BHD [] stake.

DRB-Hicom said that as at on Wednesday, April 20, the company has yet to receive any notification from Khazanah.

“DRB-Hicom will make the appropriate announcement(s) to Bursa Malaysia Securities Bhd in a timely manner in accordance with the Bursa Securities Listing Requirements, as and when necessary,” it said in a statement to the stock exchange.

On April 13, Khazanah managing director Tan Sri Azman Mokhtar said the government's investment arm had decided on the potential buyer for its 32.21% stake in postal service provider.

"We already have a winner in mind," said Khazanah managing director Tan Sri Azman Mokhtar on Wednesday, April 13, adding that there were 50 potential buyers.

However, he declined to narrow the identity of the "winner" but said the names would be submitted to the board later this month.

Among the criteria set for the bidders are ability to provide good premium and unlock Pos Malaysia's values, he told reporters on the sidelines of Invest Malaysia 2011.

News reports and research houses had suggested that the three shortlisted bidders were DRB-HICOM Bhd, NATIONWIDE EXPRESS COURIER SER []vices and a Amanah REIT-Malaysia Pacific Corp joint venture, with offers ranging between RM3.38 and RM4.62 per share. The other two bidders were Scomi Bhd and TRICUBES BHD []. ... bout-pos-stake.html

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发表于 2011-4-20 20:48 | 显示全部楼层
傳贏得大馬郵政股權 多元資源:未獲通知


20/04/2011 17:36









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发表于 2011-4-21 22:28 | 显示全部楼层
DRB-Hicom: No notification on winning bid for Pos Malaysia

KUALA LUMPUR: DRB-Hicom Bhd, one of the bidders for the 32.2% stake in Pos Malaysia held by Khazanah Nasional Bhd, said it had yet to receive any notification from the government investment arm in relation to the share purchase.

The group issued a statement commenting on an article in an English daily saying that DRB-Hicom had won its bid for the stake in Pos Malaysia.

The article reported that DRB-Hicom, controlled by Tan Sri Syed Mokhtar al-Bukhary, would sign an agreement with Khazanah early next week for the share acquisition.

The daily also noted that DRB-Hicom saw Pos Malaysia as a “crucial fit” to expand Bank Muamalat Malaysia Bhd, in which the group held a 70% shareholding with Khazanah holding the balance.

Tan Sri Azman Mokhtar, Khazanah managing director, had told a news conference on the sidelines of Invest Malaysia 2011 last week that the sovereign wealth fund had completed the shortlisting process and would submit the proposal to the board for approval later this month.

Azman had also noted that Khazanah would fetch a premium from the divestment of its equity interest in Pos Malaysia. However, he declined to reveal the price.

Pos Malaysia’s share price has been drifting downward since early this month. The stock has fallen from the year’s high of RM3.67 to RM3.38 yesterday.
Azman said Khazanah had completed a shortlist of bidders for Pos Malaysia.

Based on yesterday’s closing, Khazanah’s stake in Pos Malaysia is worth about RM585 million.

When asked how would minority interests would be protected after the emergence of new major shareholder, Azman said one of the requirements for the buyer is to fulfil the social obligation to continue to deliver postal services.

Commenting on the anticipated amendment on Pos Malaysia’s land usage, he stressed that the land that was leased to the postal group might be used for other purposes but there must be provision for postal services on the tracts as well.

According to Azman, the Federal Land Commission would still hold the ownership of the land. In other words, the postal group would not be able to sell it.

Analysts and fund managers said the stake sale created uncertainties on the prospects of Pos Malaysia. They noted that the change of major shareholder could mean a change of the postal group’s future direction and the possibility of more corporate exercises, which might be in the form of related-party transactions.

If there were any related-party transaction, would it be at arm’s length and at a fair price? These are some of the issues that concern Pos Malaysia’s minority shareholders. ... r-pos-malaysia.html

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发表于 2011-4-22 10:17 | 显示全部楼层

業績評論 2011-04-20 19:06

(吉隆坡20日訊)大馬郵政(POS, 4634, 主板貿服組)32.2%股權競標據傳花落多元資源工業(DRBHCOM, 1619, 主板工業產品組),導致兩家公司股價報漲,但多元資源工業稍後發文告澄清,表示尚未接獲國庫控股(Khazanah)的任何通知。













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发表于 2011-4-22 20:10 | 显示全部楼层
Khazanah's Pos stake goes to DRB-Hicom

Khazanah Nasional Berhad (Khazanah) has decided to sell its 32.21 per cent stake in Pos Malaysia Bhd to DRB-Hicom Bhd, a conglomerate controlled by tycoon Tan Sri Syed Mokhtar al-Bukhary.

Khazanah’s Managing Director Tan Sri Datuk Azman Mokhtar said the decision was made following a rigorous two-stage selection process initiated by it to ensure that the new shareholder will be able to bring Pos Malaysia to the next level of growth.

The divestment is made via a conditional offer with a price consideration of RM3.60 per share or RM622.79 million.

Read more: Khazanah's Pos stake goes to DRB-Hicom ... _html#ixzz1KFlKk36Y ... /Article/index_html

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发表于 2011-4-22 21:02 | 显示全部楼层

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发表于 2011-4-23 09:37 | 显示全部楼层
Khazanah sells 32.21% stake in Pos to DRB-Hicom for RM622.7m

KUALA LUMPUR: Khazanah Nasional Bhd has divested its strategic 32.21% stake in POS MALAYSIA BHD [] to DRB-HICOM BHD [] at RM3.60 per share or RM622.79 million, deemed a landmark divestment by the government’s investment arm of its entire stake in a major government-linked company.

Khazanah said on Friday, April 22 this decision was made following a rigorous selection process to ensure that the new shareholder will be able to bring  Pos Malaysia to the next level of growth.

"The divestment is made via a conditional offer with a price consideration of RM3.60 per share or RM622.79 million. The offer price of RM3.60 per share is subject to the modification of the special rights redeemable preference share in Pos Malaysia held by Minister of Finance (Incorporated),” it said.

On Friday, Pos Malaysia’s share price closed two sen higher at RM3.37 with 595,000 shares done while DRB-Hicom fell two sen to RM2.30 with 2.32 million units transacted.

Khazanah said the conditional offer price was subject to the variation in the use of 16 plots of identified lands owned by the Federal Lands Commissioner and leased to Pos Malaysia.

It said the current terms of the lease allows for only postal services use, while the variation provides for the inclusion of commercial use, over and above the mandatory postal use.

If the variation does not happen by Dec 31, 2011, DRB-Hicom will be refunded 10 sen per share or RM17.30 million.

Khazanah managing director Tan Sri Azman Mokhtar said: “DRB-Hicom was chosen based on their overall bid, which offers not only a defined strategy but also an executable business plan and an acceptable offer price. Their proposed strategy and business plan in turn provides an effective platform for Pos Malaysia’s growth, if adopted by the board of Pos Malaysia as a whole.”

A total of 48 parties were approached to submit their respective proposals, out of which 10 parties expressed their interest to participate and were pre-qualified at the pre-qualification phase.

At the indicative bid phase, all 10 parties were invited to submit their bids. Out of this, five parties reverted with their respective bids.

The five bidders were all given detailed and equal opportunities to meet up with Khazanah’s advisors to explain their respective strategy and business plan submission.

The bidders also had one-on-one meetings with the managements of Khazanah and Pos Malaysia. With respect to the meeting with Pos Malaysia management, which was requested by all the bidders, only publicly available information were shared with the bidders, i.e. information shared at analysts’ briefings and shareholders’ general meetings. Pos Malaysia’s board’s prior approval was obtained for these one-on-one meetings with POS management.

Khazanah said the bidders were given an opportunity to better understand the bidding process and received detailed feedback to help each of them improve their bid submission. Subsequently, all five bidders proceeded to the binding bid phase.

Out of the five bidders, four parties submitted their binding bids. The bidders submitted their bids in separate envelopes containing; (i) the strategy and business plan, and (ii) the offer price.

Khazanah said an independent evaluation panel comprising five senior professionals from the public and private sector with extensive postal and corporate experience had evaluated all the bidders’ proposal on the basis of anonymity, where the bidders’ names were coded.

It said was to ensure the panel members evaluated the strategic and business plan component purely on the basis of the content of the submission, without being prejudicial to the identity of the bidders.

The panel, with the assistance of Khazanah’s advisors, evaluated the strategy and business plans first. Based on this, the bidders were shortlisted to a final two. Subsequently, the offer price envelopes were opened and evaluated compositely.

Both shortlisted bidders were given the opportunity to present to the panel. The panel’s evaluation was based on a composite score between strategy and pricing, whereby strategy accounted for 60% and pricing 40%. Based on the composite score, the panel unanimously recommended DRB-HICOM.

Azman said: “There was a fit and proper test of the new majority shareholder which includes promoting the sustainable development of the Universal Service Obligations (USO), as well as the commitment to retain existing staff in their business plan.”

“The commitment to fulfil the social obligations under the USO (as required under the Postal Services Act, 1991) is crucial as postal services have an impact on the Rakyat, especially for those residing in remote or rural areas.”

Khazanah’s emphasis on strategy and business plans within the evaluation process does not in itself make any assumption of control or otherwise. The process required bidders having to state, in their own opinion, whether a general offer would be necessary or not as their own circumstances dictate.

Khazanah’s executive director of investments, who was the project director for this strategic divestment, Mohammed Rashdan Mohd Yusof said:

“It is the buyer’s prerogative, and not of the seller, to determine whether a GO is necessary, as only the buyer can ascertain the extent of control they exert over Pos Malaysia after they acquire the 32% stake. Furthermore, the divestment process did not reveal any information to the bidders beyond readily available market information.”

On this point, Azman said: “As a responsible seller to stakeholders including minorities and the Rakyat, our emphasis on business strategies and credibility of the bidders was to ensure that the successful bidder, via the board members they intend to proportionately install with their 32% stake, have a robust business plan to both deliver on their USO and unlock value and for them to discuss at the Pos Malaysia board.” ... om-for-rm6227m.html

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发表于 2011-4-23 21:00 | 显示全部楼层

大馬財經  2011-04-23 11:56
(吉隆坡22日訊)大馬郵政(POS, 4634, 主板貿服組)32.21%如預期落入丹斯里賽莫達手中,國庫控股(Khazanah)今日宣佈,經過兩個階段的龐大程序,同意以每股3令吉60仙或總值6億2千279萬令吉代價,脫售大馬郵政32.21%股權予賽莫達名下的多元資源工業(DRBHCOM, 1619, 主板工業產品組)。










第二階段則由資格預審階段來開序幕,即國庫控股委任聯昌投資銀行和麥肯錫公司(McKinsey & Company)為顧問,並鑑定48位合格海內外公司參與競標,其中10家對此表達意願參與預審階段。






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发表于 2011-4-25 14:33 | 显示全部楼层
收购成功~ 是好事还是坏事??? 为什么今天的股价会下跌?

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发表于 2011-4-25 14:54 | 显示全部楼层
profit taking

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发表于 2011-4-25 20:31 | 显示全部楼层
本帖最后由 tracy8213 于 2011-4-25 20:35 编辑


    * 大馬財經
    * 業績評論

2011-04-25 19:14

(吉隆坡25日訊)多元資源工業(DRBHCOM, 1619, 主板工業產品組)以每股3令吉60仙或總值6億2千279萬令吉代價,標獲國庫控股(Khazanah)所持的大馬郵政(POS, 4634, 主板貿服組)32.21%股權,深獲分析員好評,長期有助強化多元資源工業的股票回酬率及進一步增強服務盈利,並多元化業務至周期性的汽車業以外業務。








大馬郵政今天在多元資源工業的收購計劃宣佈後先揚後挫,一度急挫14仙至3令吉23仙,寫下3 月25日以來的新低,閉市也以3令吉23仙全天最低價掛收;多元資源工業在標獲上述收購後,股價先升後跌,全盤一度激揚5仙至2令吉35仙,寫下4月8日的新高,下午以2令吉27仙掛收,跌3仙。













傳國庫控股欲售MUAMALAT 30%

另一方面,據消息透露,國庫控股或售出所持有的MUAMALAT銀行30%股權予回教銀行(BIMB, 5258, 主板金融組),進而與回教銀行合併。



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发表于 2011-4-25 21:57 | 显示全部楼层
so meaning drb got cheap and nice POS ?

but drb still drop 2day , my warrant bleeding .....


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发表于 2011-4-25 22:12 | 显示全部楼层
看來股价已經反應消息的价值了!雖然買到馬郵政股權, 估計這項收購計劃,多元資源工業2012及2013財政年盈利分別可增加2%及2.4%,負債在2012財政年則增至0.25倍。倒部如拿來放定期還多!傷心!

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发表于 2011-4-26 17:55 | 显示全部楼层
DRB-Hicom Pos-itive on deal

DRB-Hicom Bhd
(April 25, RM2.27)
Buy at RM2.30 with target price of RM3.80: DRB-Hicom will purchase Khazanah Nasional’s 32.2% stake in Pos Malaysia for RM622.8 million or RM3.60 per share.

Of this, RM17.3 million or 10 sen per share is for 16 plots of land which will be rezoned for commercial use instead of the present postal service use. This will require an amendment to the Federal Land Commissioner’s Act by Dec 31, or 10 sen per share would be refunded. The price tag seems fair for a controlling stake, and values Pos at 14 times FY11 earnings per share (EPS) and 2.3 times book value (BV), consensus data, and a discount to the regional sector average of 15 times. The expected completion of the sale is by 2QCY11. There is unlikely to be a general offer for the rest of the shares in Pos.

Assuming the deal is 70% financed by debt at 7% interest per year, and we use consensus earnings, the acquisition would enhance DRB-Hicom’s FY12F and FY13F earnings by 2% and 2.4% respectively. And we expect gearing to rise to 0.25 times in FY12F against 0.16 times currently. There may not be immediate earnings impact, but it is a good acquisition because: (i) there will be synergies between Pos’ distribution network and DRB-Hicom’s 70%-owned Bank Muamalat, enabling a divestment of DRB-Hicom’s 30% beyond our valuation of 1.1 times BV; (ii) its longer-term return-on-equity enhancing (Pos’ 2010 ROE was 12.5% against DRB-Hicom’s 10.8%) and would enable it to further strengthen services earnings and diversify out of its more cyclical motor business; and (iii) the likely amendment of the Federal Land Act will enable Pos to encash value from its valuable landbank, which is not captured in consensus numbers.

We expect the acquisition to be sum-of-parts neutral for now, but it could be SOP accretive once Pos unlocks value from its land. Moreover, the overall higher group services earnings (50% in FY13F versus 48% currently) will support price-earnings ratio expansion to reflect DRB-Hicom’s true intrinsic value as a growing conglomerate. We value DRB-Hicom at RM3.80, implying a PER of 12.1 times FY12F EPS and 1.3 times BV against current valuations of 7.3 times and 0.8 times. — HwangDBS Vickers Research, April 25 ... -itive-on-deal.html

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发表于 2011-5-5 17:40 | 显示全部楼层
CIMB Research has Buy on DRB-Hicom at RM2.17

KUALA LUMPUR: CIMB Equities Research has a Buy on DRB-HICOM BHD [] at RM2.17, at which it is trading at a price-to-book value of 0.9 times.

It said on Thursday, May 5 the pullback for DRB-Hicom appears to be at its tail end.

“Prices have pulled back to RM2.15, its 50%Fibonacci Retracement level as well as to test its 50-day SMA at RM2.14. We expect prices to find strong support around these levels,” it said.

CIMB Research said the stock’s MACD has pulled back to its zero line while its RSI is still holding above the 40-pts mark.

“This pullback should be viewed as an opportunity to buy as the uptrend from the March 2011 lows is not over. The next upleg should take prices to a new high of RM2.55 or RM2.80. A drop below RM2.10 would trigger our stop,” it said. ... hicom-at-rm217.html

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发表于 2011-5-12 19:34 | 显示全部楼层
BIMB Holdings Bhd has confirmed receiving notification from Khazanah Nasional Bhd and DRB-Hicom Bhd on the sale of their stake in Bank Muamalat Malaysia Bhd to the company.

Its group managing director/chief executive officer Johan Abdullah said he will bring up the matter at the board meeting on May 25, for further discussions.

"They want to sell and have identifed us as a potential buyer," he told reporters after the company''s annual general meeting here today.

Johan said if the board agrees to the proposed acquisition, BIMB Holdings will seek approval from Bank Negara Malaysia, before proceeding to negotiate with Khazanah Nasional Bhd and DRB-Hicom Bhd. - Bernama

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发表于 2011-5-14 16:29 | 显示全部楼层
多元重工业 冀与回银合并
2011/05/14 11:13:54 AM







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发表于 2011-5-14 23:01 | 显示全部楼层
DRB-Hicom explores Bank Muamalat-Bank Islam merger, not sale plan

KUALA LUMPUR: DRB-HICOM BHD [] is exploring a potential merger of Bank Muamalat Malaysia Bhd and Bank Islam Malaysia Bhd but there are no plans to sell its shareholding in Bank Muamalat.

The company said on Friday, May 13 it had submitted a letter of expression of interest to BIMB HOLDINGS BHD [] (BIMB) to explore a potential merger of the two banks and “has yet to commence any exploratory discussions with BIMB”.

DRB-Hicom is the holding company of Bank Muamalat and it holds a 70% stake while Khazanah Nasional Bhd owns the remaining 30%.

“The interest to merge is to add value and enhance the development of Islamic finance in Malaysia which continues to register strong growth over the years,” it said.

DRB-Hicom said the total assets of the overall Islamic banking sector (including development financial institutions) amounted to RM350.8 billion at end-2010, up 15.7% from 2009.

It added the Islamic banking sector (including development financial institutions) now accounted for over 20.8% of the overall banking system in terms of assets, financing and deposits.

“A proposed merger will witness the emergence of a mega Islamic bank and is in line with our government’s call to reinforce Malaysia’s position as a leading international centre for Islamic finance and to create a home-grown bank,” it said. ... -not-sale-plan.html

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