...and IPOs on Bursa Malaysia for Mining and Oil and Gas Companies Feizal Mustapha Executive Director, Advisory BDO Malaysia 21 August 2013 Asian Mining and Energy Investment Forum 2013 Shangri-La Hotel, Kuala Lumpur Mining and Oil & Gas Listings on Bursa Malaysia Listed Mining Companies • Malaysia Smelting Corporation Bhd • On 23 July 2013, Kinsteel Bhd obtained exclusive rights with KDYMM Sultan of Pahang to carry out mining operation of all types of iron ore and other minerals at Kuala Lipis 20 4 1 • Perwaja Holdings Bhd’s mining venture is still pending the final official award of iron ore mining concession in Bukit Besi from the Terengganu state government • Previous listed mining companies that have changed their core business: Listed Oil & Gas Companies Selangor Dredging Bhd Kuchai Development Bhd MMC Corporation Bhd Petaling Tin Bhd Exploration & Production Support Services (engineering, procurement, offshore drilling, equipment etc) 24 companies Shell Refining Company (Federation of Malaya) Bhd - one of the few listed in 1960s On 29 July 2013, UMW Oil & Gas Corporation Bhd received approval to list Listings and IPOs on Bursa Malaysia for Mining and Oil and Gas Companies Page 2 Mining and Oil & Gas Listings on Bursa Malaysia (Cont’d) No. of New IPOs for Oil & Gas Related Companies 8 6 4 2 0 2 2 No. of New IPOs 4 5 8 Source: Bloomberg Listings and IPOs on Bursa Malaysia for Mining and Oil and Gas Companies Page 3 Dearth...
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...INSPIRING TECHNOPREneur In the last two decades, Malaysia has witnessed a proliferation of local technopreneurs who have emerged to take advantage of the new technologies in the ICT, internet and mobile industries. This newbreed of savvy tech entrepreneurs have spurred innovation withtheir homegrown products and at the same time played a critical role in transforming Malaysia into a vibrant knowledge-based economy. In this issue, Top 10 of Malaysia takes a look atthe 10 most inspiring Malaysian technopreneurs who have been resilient enough to with stand the challenges of a fast changing landscape and at the same time have been successful in introducing and sustaining their tech businesses in the country. Mark Chang Mark Chang is the driving force behind Jobstreet.com –Malaysia’s largest online recruitment company. Chang initially wanted to form a company only to earn a living but the popularity of Jobstreet among employers and job seekers revolutionised the recruitment market in Malaysia. Jobstreet has continued to be profitable from the time of its formation.Chang ensured that during the tumultuous dot-com era, he did not fall forthe allure of funds which led to the failure of many tech companies. Today,Jobstreet.com has dealings with over 20,000 companies with almost three million job seekers registered under Jobstreet. With Mark Chang as its CEO,Jobstreet.com has won several accolades including Internet Company of theYear, Malaysia Internet Awards by Jaring and The Star, E-Business...
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...performance 2.1 Failure in realizing the local culture. There are a few factors that contribute on the failure to perform for EuroDisney on its first year operation. The first reason is because they fail to realize the local culture there is in France and instead of adapting to the foreign culture, the American company tries to adopt their American culture towards the business; which in this case lead them to disastrous results. One of the contradicting examples is that French people have their own adored cartoon characters. These cartoon characters also have their own theme park that is near to where EuroDisney is located. Thus, it is a challenge for EuroDisney to compete with what have been French’s favorite casts. Other than that, the operation of EuroDisney that does not allow the selling of wine which counters the culture of French whereby they are the world’s biggest wine consumers also lead them to poor performance. The culture of having “the clean-shaven, neat and tidy look” from the American culture is also being adapted to the park employees where the value may not be shared with the European’s. Besides that, the flexibility of the company to fire any of the employees who don’t follow the rules is also limited as the worker’s rights are very strictly protected by the French law. 2.2 Events that took place during the same year. Other than the failure of realizing the local culture in France, the management of EuroDisney also fails to do a scanning...
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...5 ii. Disqualification in insolvent companies (section 130A) 6 Comparison of penalty or punishment of disqualified director under Malaysia’s Law and United Kingdom’s (UK) Law 6 Example of cases involve directors disqualification in UK and Malaysia 7 Case 1 7 Case 2 8 Conclusion 10 Abstract Director is one of the important people in the conducting of a company. Without them, the company cannot be operated and all matters concerning the company cannot be carried out. At present, when a company fall or declared bankruptcy, the director become a disqualified director and cannot be a director in other companies as they may cause a similar incident recurring. According to this matter, the punishment of the disqualified director in Malaysia is fixed to 5 years which in major or minor case and must pay a fine RM100, 000.00 or both. They can’t be a director of other company just because they fail to exercise their duties and caused they commit a major or minor cases in a long time period. This paper aim to examine whether the punishment of disqualified director can be implementing or change in Malaysia compare to other country. Introduction In Malaysia, the situation which the person who tend to be a disqualified director, the Court may make an order that person shall not, without the leave of the Court, be a director of or in any way, whether directly or indirectly, be concerned or take part in the management of a company for such period beginning on the date of...
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...1.0. Introduction TGV Cinemas Sdn Bhd, formerly known as Tanjong Golden Village Sdn Bhd. TGV Cinema was incorporated in Malaysia on 28 June 1994 under the Act as a private company limited by shares under the name Tanjong Golden Village Sdn Bhd. It uses its current name on 1 December 2004. TGV Cinemas Sdn Bhd is a wholly owned subsidiary of Tanjong Public Limited Company. TGV is the second largest cinema chain in Malaysia after Golden Screen Cinema (GSC). These are the two main cinematic giants in Malaysia. To date, TGV has 14 multiplexes, 109 screens and some 22,000 seats in its fold and is set to broaden its reach into new untapped and underserved markets. The biggest TGV cinema is situated in Sunway Pyramid, Petaling Jaya. It houses in it with 12 screens and over 2598 seats. It had been undergoing renovations and now has an additional 2 screens, up from the previous amount of 10. The second largest TGV cinema is located at Suria KLCC, Petronas Twin Tower, Kuala Lumpur with 12 Screens and over 2400 seats. It was previously the largest TGV cinema in Malaysia, before being surpassed by the one in Sunway Pyramid. TGV's principal activity is to exhibit the film whereby it owns and operates thirteen multiplexes located in Kuala Lumpur and states of Selangor, Perak, Negeri Sembilan, Johor and Penang in Malaysia. Tanjong Golden Village Sdn. Bhd. revolutionized the movie-going experience by being the first to introduce the multiplex concept. The concept behind the Cineplex is to...
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...TALENT MANAGEMENT AT GOVERNMENT -LINKED COMPANIES (GLCs) Transformation • Innovation • Partnership © August 2009 Malaysia Productivity Corporation Talent Management at Government Linked Companies (GLCs) Page 2 Table of Content Preface Introduction 3 4 Talent Management at Government-linked Companies (GLC) Transformation • Innovation • Partnership Talent Management and GLC defined 5 Insights on TNB (Tenaga Nasional Berhad) 8 Insights on MAS (Malaysia Airlines) Summary 11 15 Talent Management at Government Linked Companies (GLCs) Page 3 Preface In today’s global business environment, talent becomes the potentially powerful source of competitive advantage. Talent management is the fundamental building block to creating an organisation that is capable of learning, innovating and changing, as well as executing new processes. Finding, acquiring and retaining the right talent complemented by correct management and support are necessary for sustainable competitiveness. This research explores the aspects of talent management among Government-linked companies (GLC) in Malaysia. The Government’s Orange Book on Strengthening Leadership Development of December 2006 provides insights into the transformation processes of GLC in talent management. The Orange book sets out a framework to assess and strengthen company-wide leadership development through talent management. With these in mind, initiatives were taken to research talent management initiatives...
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...very costly type of fraud and has a significant financial impact on the company businesses and also individuals, as well as influence investor confidence in the markets. In this project, our group will going to present on a case study in Financial Statement Fraud by a company that we choose. First of all, in this report we will investigate on our background of the Case Study Company which is MEMS TECHNOLOGY BHD. In the case study, we will determine the current status of the company and how the financial statement fraud will give impact to the organization by referring to the company’s annual report 2009. Hence, in this report we will give some practical guide on the different schemes and components that are used for detection on the Financial Statement Fraud that might be probably incurred in the company annual report 2009. 2.0 Introduction Financial reporting frauds and earnings manipulation have attracted high profile attention recently. The generally accepted definition of the financial statement fraud is the deliberate, misrepresentation, misstatement or omission of financial statement data for the purpose of misleading financial statement users and also creating a false impression of an organization's financial strength. The purpose of this financial statement fraud committed by the public businesses is to maintain the investor confidence in the company, obtain bank approvals for financing, or to meet...
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...financial statement (Hossain, 2013). The accounting profession in Malaysia is controlled by the Malaysian Institute of Accountants (MIA) through the powers discussed by the Accountants Act, 1967. In Malaysia, we needed some certificates to show that we are accounting educated so that we are having the abilities to work as certain company’s accountant. Those certificates are known as ACCA, LCCA, CIMA and also MICPA. Start from few years back, Malaysia standard of requiring accountants was raised from LCCA to ACCA. With ACCA certificate, a person can consider as a professional accountant and so he or her has the ability to finish the duties. Question B In an organization, accountant plays a very important role. Without an accountant, the organization cannot work effectively (role of accountant, 2013). Accounting is a special division of knowledge. Both the accounting system and the accountant provide a very useful service to the society. There are a lot of stuff can be done by an accountant. Firstly, an accountant does bookkeeping. They keep a systematic record of the transaction in the business to ensure the organization operation. Accountant also analyzed and review budgets and expenditures for their clients. A business man or a shareholder would like to know their profit or loss annually. It is very important to know a company financial position to plan for their future. For example, accountants will help the company to provide annual report...
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...skills 4 2.2. Critical thinking and problem solving skills 5 2.3. Teamworking skills 6 2.4. Lifelong learning and information literacy 7 2.5. Leadership skills 8 3. Suggestions for future graduates, goverment bodies or educational institutions in Malaysia to ensure that future graduates are equipped with skills 9 4. Conclusion 11 References 12 Introduction Malaysia is now a highly motivated developing country with vision to archieve status as developed country. With the mushrooming of the public and private educational institutions in Malaysia, a huge pool of graduates has been created. Obtaining a degree from institute of higher education in local or overseas has become necessary in order to get a good job with nice salary. However, in this challenging world, competition is everywhere. The excerpt from Education Malaysia, (July, 2006) had indicated that unemployment rate in Malaysia seemed to be increasing. One reason for this problem is that the focus of higher education institutions and the needs of the labour market for graduates are not as compatible as they were twenty years ago. The labour market now is more competitive and volatile. Now, Malaysia is facing a new economic trend based on worldwide demand such as globalization, capital flows, and stock exchange that effect the economy and workforce trends. In the globalization era,...
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...SCHOOL OF BUSINESS STUDIES DIPLOMA IN BUSINESS STUDIES(BANKINGAND FINANCE) ABMF 3043 INVESTMENT & FINANCIAL ANALYSIS TITLE: FUNDAMENTAL ANALYSIS OFＡCOMPANY LISTED ON BURSA MALAYSIA LECTURER: LEE HOCK GE Name Student ID Signature Aw Yong Li Wei 14PBD02557 Cheah Huey Shan 14PBD07187 Cheah Shu Ki 14PBD07227 Chua Wan Ling 14PBD03480 Jordan Tan Chyi Horng 14PBD04482 Lee Shei Wen 14PBD01641 Table of Contents No Title Pages 1. Introduction Company Background 1-2 2. Top- Down Approach 3 3. Economy Analysis: (a) Gross Domestic Product (GDP) (b) Business Cycle (c) Interest Rate (d) Inflation (e) Unemployment Rate 3-7 4. Sector/ Industry Analysis: Pioneering Stage Expansion Stage Stabilization / Maturity Stage 8-9 5. Company Analysis:...
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...Introduction 2 2.0 Major Developments of Malaysian Stock Market for the past 10 years (2002 – 2011) 4 2.1 Merger of Two Stock Exchanges (KLSE and MESDAQ) 5 2.2 Standard Board Lot of 100 units 5 2.3 FTSE Bursa Malaysia Index (FBM) 6 2.4 Bursa Trade Securities (BTS) 6 2.5 Introduction of Special Purpose Acquisition Companies (SPACs) 6 2.6 Amendments on Listing Requirements 7 2.7 Introduction of E-dividend and E-share Payment System 7 2.8 ASEAN Exchanges Trading Link 7 3.0 Capital Market Master Plan (CMP) 9 3.1 Capital Market Master Plan 1 9 3.2 Capital Market Master Plan 2 (CMP 2) 9 3.2.1 CMP2 and the development of stock market 12 4.0 Outlook of Islamic Stock Market 13 4.1 Introduction of Islamic Stock Market 13 4.2 Current Condition 13 4.3 Efforts in Strengthening Malaysia’s Position in Global Islamic Stock Market 13 4.4 Prospects of Malaysia Islamic Stock market over next decade 14 5.0 Conclusion 15 Reference List 16 Appendices 20 List of Figures Figure 1: Main indicators for Malaysia Stock Market from year 1989 to 2010 4 Figure 2: Malaysian Stock Market Capitalisation in the past ten years (2002 - 2011) 5 Figure 1: Number of stockbroking member companies before and after merger 21 Figure 2: Number of dealer representatives before and after merger 21 List of table Table 1: Market capitalisation of Shariah-compliant corporations in Malaysia………………………14 Executive Summary This study was conducted to discuss Malaysian...
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...Journal of Economics, Business and Management, Vol. 1, No. 1, February 2013 Corporate Social Responsibility to Reflect Organization‟s Corporate Identity: A Content Analysis Musdiana Mohamad Salleh, Nabsiah Abdul Wahid, and Malliga Marimuthu Abstract—The authors propose corporate social responsibility (CSR) as a useful element in reflecting an organization’s corporate identity (CI) to its target audiences. The inclusion of CSR highlights organization’s role as a ‘good’ citizen in society and is the basis for any beneficial exchanges between the parties. Content analyses on CSR of 10 top ranked Malaysian companies supported this proposition. Index Terms—Corporate social responsibility, corporate identity, content analysis. effort in integrating their stakeholders‟ social and environmental expectations and/or concerns into their daily operations and their interaction with the stakeholders. B. Corporate Identity Corporate identity (CI) has been used as the basis for other various corporate level concepts like image, reputation or corporate communications; and is even considered fundamental in corporate marketing field [1]-[2]. The traditional VI perspective sees CI being used at the early stage of organization‟s operation as it becomes the mean for CI transmission e.g. through logos, brand images and other visual manifestations representing them [3]. CI has evolved from this definition from focusing only on the minor elements of the organization to now emphasizing more on the...
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...Asia Pacific Management Review (2003) 8(1), 27-42 The Practice of Corporate Downsizing during Economic Downturn among Selected Companies in Malaysia Junaidah Hashim* and Anizah Abu Bakar** （received September 2002;revision received November 2002 ;accepted January 2003） This paper examines the organizational strategies and the effects of corporate downsizing in Malaysia. It reports the results of a survey of 30 Malaysian companies that engaged in downsizing during the economic downturn. Three research questions are probed: 1) What are the general strategies used by companies to downsize, 2) What are the difficulties faced by companies during downsizing implementation, and 3) What are the impacts of downsizing on organizations. The findings show two main strategies are used for downsizing: work reduction and work redesign. The most serious impact of downsizing is organizational ineffectiveness. Keywords: Corporate Downsizing; Malaysia; Economic Downturn 1. Introduction The Asian economy downturn occurred recently is probably deeper and broader than many previous economic downturns. As a result, big organizations began actively trimming corporate staff, slashing management layers in addition to widespread cutbacks and lowering cost to give value to the customers. The assumption underlying organizational performance and effectiveness in the last decades were bigger organizations are better organizations, unending growth is a natural and desirable work process, organizational adaptability...
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...Retail Sdn Bhd is selling the Dried Meat product in Malaysia. Brand of this company is called “Oloiya”. It is the first selling dried meat products in Asia. The company total has 30 stores in Nationwide. Q-Q Food Retail Sdn Bhd only had 6 stores are under the company name, and other is the agents. Q-Q Foods Retail Sdn Bhd highest sales in period Chinese New Year. The companies also have other product such as Meat Floss Bread and Local Deli. The vision of this company “To spread the heritage of giving, receiving and enjoying dried meat by making our products and services available in every Chinatown in the world.” This company had 2 missions. The first mission, to seriously improving the quality of our products and services through innovation. The second, to train our staff to work and serve with the heart so our consumers are satisfied with every encounter they have with the Oloiya brand. Other of the mission and vision, the belief of this company is Heritage, Innovation, and Sharing. Based on this belief the company has a charity organization, KCK Shares to involve in charity work. PEST Analysis Political Consideration of the Oloiya is based on Malaysia Legal and tradition pig is Non-Halal food, since the company cannot get the profit on Malay race and QQFR have to try to do export sales to overseas, but has the legal problem the company had to abandon the idea. In taxation, income tax will deduct on the profit since the company will get less profit on the total sales. Other of...
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...Executive Summary This marketing report briefly analyses the marketing approach of Perusahaan Otomobil Nasional Kedua (PERODUA), in this analysis, the various marketing activities such as product development, distribution, pricing, advertising and market research of the company is critically evaluated. The report also evaluates the company's current position against the automotive industry and its competitors. A concise insight into the consumer's perception of the brand is also investigated. The contents contained herein is not exhaustive of the company's marketing and business activities but merely provides a basic overview of its current marketing standpoint, business challenges and possible remedies to its position based on information available on the public domain. Table of Contents 1.0 Introduction 3 2.0 Company Information 4 3.0 Definition of Marketing Terms 6 4.0 Perodua's Business Concept 8 5.0 Competitive Issues Facing Proton 10 6.0 Segmentation 12 7.0 Conclusion 13 8.0 References 14 9.0 Appendices 15 1.0 Introduction Marketing is an organization function and a set of processes for creating, communicating and delivering value to customers and for managing customer relationship in ways that benefit the organization and its stakeholders (Kotler et al.,2007). Marketing is a holistic process encompassing prior and after the act of selling applicable to any organization, large or small, for-profit or non-profit, domestic or global. Marketing itself...
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