TELEKOM,TENAGA, SUNWAY HOLDING

Telekom Malaysia Bhd (TM) (T MK, Buy, TP: RM4.90) expects its sales to be better in the second half of this year,
following the launch of its TMpoint TM Authorised Dealership (TAD) programme. TAD is an initiative by TM to reach out
to its current and potential customers via an effective nationwide network based on the "dealer-owned, dealer-operated"
concept. It plans to set-up up to 80 TAD outlets nationwide over the next three years. TM chief executive officer Datuk
Zamzamzairani said the costs to open the TAD outlets were minimal for TM. (BT)
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Sunway Holdings Bhd (SGW MK, Hold, TP: RM1.09) has placed its bid for the local concrete plants, quarries and
asphalts owned by HeidelbergCement AG. The bid was placed sometime last week and Sunway may rope in a strategic
partner, potentially a private equity firm, to finance the project. According to sources, if Sunway were to rope in a private equity
firm as partner to fund the purchase, it is likely to form a special purpose vehicle (SPV) where it would hold a 51% stake.
However, Sunway is not happy that HeidelbergCement has upped its selling price to US$250m. Sunway is less keen to bid at
US$250m, as the price tag would neutralise its earnings upside. “Sunway is interested to buy the assets, but not at all costs,”
said the source. (The Edge)
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Tenaga Nasional Bhd (TNB) (TNB MK, Hold, TP: RM7.00) will increase electricity tariff if the Government raises the gas
price. President and chief secretary Datuk Seri Che Khalib Mohamed Noh said that the tariff increase was to cover higher
operating costs because of the rise in fuel prices. He also said that when the fuel prices came down, the electricity tariffs were
also adjusted accordingly. (StarBiz