Proxy companies likely to profit from SCORE development

West Malaysian company gets Sarawak oil field development project from Petronas

Posted on August 18, 2011, Thursday

CONTRACT INKED: The contractor group comprises of Dialog, Roc Oil and Petronas Carigali through a SFRSC with Petronas. Analysts say this will enhance Dialog’s exposure in the upstream industry, Petronas Carigali will assist in knowledge sharing and smoothen the consortium’s learning curve and the two tier development phase will ensure the viability of the field which reduces execution risks.

S’wak Cable to see high profits with SCORE projects

More profits for Hock Seng Lee

Posted on August 26, 2011, Friday

KUCHING: Well connected marine engineering  Hock Seng Lee Bhd (HSL) has reported a strong performance for its first half of 2011.
HSL’s financial results for the six months to June 30, saw net profit before tax rising 22 per cent against the first half of 2010, from RM42.18 million to RM51.48 million.

Giant Hypermall another money machine for Ibraco

by Irene C reporters@theborneopost.com. Posted on August 26, 2011, Friday

PROUD DEVELOPER: Liew (left) and Chai (right) posing with Ibraco staff at the Ibraco booth during the opening. Chai says the group is in the midst of completing 76 units of shoplots located next to Giant Hypermall which have been fully sold out.

CMS records robust overall performance

Posted on August 27, 2011, Saturday

Sarawak Oil Palm’s huge plantations boost Shin Yang Group profits

Posted on August 27, 2011, Saturday

KUCHING: Sarawak Oil Palm Bhd (SOPB) recorded a strong quarter earnings of RM123.9 million on the back of stronger palm oil prices and higher sales volume.

Naim to profit even more with SCORE

Posted on August 27, 2011, Saturday

KUCHING: Naim Holdings Bhd (Naim) is expected to fare well as one of the beneficiaries of the Sarawak Corridor of Renewable Energy (SCORE) despite having registered lacklustre results for the first half of the year.

CONTINUING CONTRACT FLOW: Photo shows the completed Balingan bridge which is part of Naim’s ongoing road projects. AmResearch says the group’s construction margins should improve in the second half.

Samalaju Port to be the key catalyst for Bintulu Port

Posted on August 27, 2011, Saturday

SOLE LOGISTICS PLAY: Through the ownership of Samalaju Port, Bintulu Port will be one of the exciting stories to emerge from the Sarawak Corridor of Renewable Energy (SCORE) to support the Samalaju Industrial Park, SCORE’s primary growth area.

OSK Research Sdn Bhd (OSK Research) noted that Bintulu Port’s chances of securing the concession were high given its reputation as a leading liquefied natural gas (LNG) vessel operator and this could be a form of a compensation should there be a revision in LNG tariffs.

PetChem Q1 profit jumps 18% on higher revenue

PETALING JAYA: Petronas Chemicals Group Bhd (PetChem) reported 18.3% higher net profit year-on-year (y-o-y) to RM737mil for its first quarter (Q1) ended June 30, 2011, compared with RM623mil in the corresponding period last year, on higher revenue driven primarily by strong product prices.
For the quarter in review, the integrated petrochemical producer posted a revenue of RM3.3bil, which represented an increase of 6% y-o-y.

Petronas first quarter net profit surges 48.6%

KUALA LUMPUR: Petroliam Nasional Bhd's (Petronas) net profit jumped 48.6% to RM21.7bil for the first quarter ended June 30 from RM14.6bil a year ago, boosted by higher prices of its products and a gain of RM2.6bil from the divestment of Cairn India Ltd.