Horizon.my

I am pleased to advise that we have just added the following companies in our Bursa Malaysia company database:
DRB-Hicom Berhad – Conglomerate with operations in automotice assembly/distribution, property and infrastructure development
LPI Capital Berhad – Leading general insurance group in Malaysia and a subsidiary of Public Bank Berhad
IJM Plantations Berhad – Niche oil palm group with [...]

We have just added a couple of new companies in our Bursa Malaysia company database
Lingkaran Trans Kota Holdings Berhad – Toll Road Operation and concession holder for LDP (Leburahya Damansara Puchong)
Parkson Holdings Berhad – Retailing
Fraser & Neave Holdings Berhad – Soft drinks distribution with key brands such as 100Plus, F&N, Seasons an Coca Cola
Proton Holdings [...]

We have just added a couple of new companies in our Bursa Malaysia company database
Berjaya Corporation – Conglomerate that needs no introduction
Titan Chemicals – Manufacturer of petrochemicals products and polyolefin resins
Mulpha International Berhad – Property developer / investor in Australia and Malaysia
Guinness Anchor – Brewery & alcohol beverages
Do let me know if you see any errors in [...]

We are in the process of expanding our Bursa Malaysia company database. We started with the Top 50 companies last year and are now working towards the next 50.
Some of the new companies that have been added include:

AEON
Ann Joo
Kulim
United Plantations
WCT Engineering

As always, let me know if you spot any errors in any of the information [...]

We have just included KLCC Property Holdings Bhd in our database. Looking at the Income Statement, the thing that caught my eye was the Fair Value Adjustment.

It seems KLCCP has included the increase in its property value into its profit figure.
OK basically I’m not in favour of such reporting.
Traditionally if property assets go up in [...]

Sime Darby 2008 financials have now been updated in our database – their first set of numbers since the mega merger between Sime, Golden Hope and Kumpulan Guthrie.
http://www.horizon.my/investor/details.php?counter=sime
Their Net Cash pile has gone down a bit, but still sitting pretty at RM1.2 billion.
As a side note, RHB Research has updated their Plantation sector report today. [...]

2008 Annual Report data now in our database (for YE 30-Jun-08). See:
http://www.horizon.my/investor/profile.php?counter=ioicorp
We note that Net Borrowings has increased from RM903 million to RM3.1 billion. Amounts Due from Jointly-Controlled Entities has jumped up to RM1.5 billion (from RM160 million previously). IOICORP’s explanation is as per below:
Amounts due from jointly controlled entities represent outstanding amounts arising from subsidiaries’ [...]

as per AMMB 2008 Annual Report