Financial Roundup: Jan 27, 2015

Roundup on Gas, Maybank, Parkson, National Service (NS) & Penang Property

airasia

Gas

  • Prolonged low oil prices needed to limit supply
  • To slow US shale supply growth
  • Expect price rebound to USD55 in 2015 2H
  • AirAsia scraps fuel surcharge (Channel News Asia)

B RAVINTHARAN / MPOS SME

Maybank

  • Targeting 20% growth from SME card merchants
  • New mPos service: Turns any smart device into credit card terminal (Partner: Maxis)
  • Read more: The Star

parkson

Parkson

  • Venturing into F&B in China by establishing & managing restaurants
  • Under “Lion Food & Beverage Ventures Ltd”
  • Investment 40m Yuan (RM23m)
  • Read more: The Edge

ns-gunung

National Service

  • Y2015 deferred: Est. 400m government savings
  • Gunung Capital Bhd (transportation) forgoing 6mths income est 164m (The Edge)

huayang

Penang Property

  • Hua Yang Berhad entering Penang property market
  • Listed on main board & known for affordable housing
  • Buying 4.0ha freehold plot for RM21.9m in Bukit Mertajam
  • Est. GDV RM242.8m 720 units serviced apartments & 36 units commercial shop lots

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