PKT Logistics Group (PKT), a total logistics service provider slated to list on Bursa Malaysia by mid-2012, is targeting to achieve RM1 billion in turnover by 2015 through addition of higher-value products and expansion of its client base. With the consolidation of a few firms, the company expects FY09’s revenue of RM150 million to more than double in FY11. Going forward, PKT will be focusing on the fast-moving consumer goods segment, projected to make up 40% of the company’s revenue, from the current 20%, by 2013. The company is looking to expand in the eastern, northern and southern growth corridors of Malaysia. It is targeting to invest RM1 billion to have five million square feet worth of warehouse space by 2015, from about one million square feet now. The firm is also steadily moving towards becoming an Asean logistics provider, and plans to have at least 30% of its revenue come from that region by 2013.
Significance: As one of the few local logistics services providers in the country that offer fourth-party logistics services, PKT offer reliable services that attracts international manufacturing companies, standing to benefit from multinational corporations that were investing in Malaysia.
Calls To Have More Felda Units Listed
The successful listing of Felda subsidiary MSM Holdings, has prompted several parties to urge the government to list other Felda subsidiaries on the bourse. There were suggestions for Felda, currently the largest plantation owner in the country, to list its oil palm units which would enable the agency to realise the real commercial potential as a listed company. The listing would also generate more revenue via improved efficiency as listed entities would operate with more transparency and subjected to strict corporate governance rules and regulation. The listing of Felda oil units now is also deemed timely, considering that palm oil prices are at the peak and palm oil demand has always been quite stable.
Significance: The potential listing of Felda’s oil palm units will help raise Felda settlers’ income substantially and uplift their socio-economic well-being through share ownership.
New Indonesia Plant Gives MTD Capital An Opportunity To Rope TNB
The launch of MTD Capital’s US$42 million new coal port terminal in Indonesia’s Cigading presented the company the chance to woo Malaysia’s top coal buyer, Tenaga Nasional (TNB), as one of its large customers. TNB, which uses 20% of its fuel from coal, also buys coal from as far as Australia and South Africa. Industry sources believed that TNB’s reluctance to buy Indonesian coal could be due to lower coal quality or inconsistent deliveries. Deliveries are inconsistent because Indonesia’s coal sector currently carries out coal transhipment in the middle of the ocean due to the lack of deep water ports, thus preventing big ships from berthing and docking.
Significance: With the opening of the Cigading port, TNB may no longer have to worry about inconsistent deliveries issues should it consider buying coal from Indonesia, as ships can pick up coal and deliver directly to the company at Lumut or the Melaka port.
This article is contributed by Shares Investment. Visit Sharesinv.com for the latest Singapore, Malaysia and China stock market news and reports.
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