Background. Berjaya Retail (BRetail) was incorporated in Malaysia on 8 Jun 09, as a private limited company under the name of Berjaya Retail Sdn Bhd. On 29 Sep 09, the company was subsequently converted into a public limited company. After acquiring 7-11 and Singer, BRetail engages in: 1) the operation of a chain of convenience stores via 7-Eleven Group; and 2) marketing and direct selling of consumer durables with installment option schemes, via Singer Group.
Berjaya Retail Berhad : Offers Exposure To The Largest Convenience Store Chain In Malaysia - 19/7/2010
Showing posts with label Berjaya Retail. Show all posts
Showing posts with label Berjaya Retail. Show all posts
Monday, July 19, 2010
Berjaya Retail Berhad : Offers Exposure To The Largest Convenience Store Chain In Malaysia - 19/7/2010
RHB Equity 360° - 19 July 2010 (O&G, Berjaya Retail; Technical: Genting, UEM Land) - 19/7/2010
Sector Update
- We cannot deny that there has been a stream of good news for the oil & gas sector that suggests that upstream activity is turning more positive. However, we believe that investors should view all news flow in perspective given there are still underlying economic issues that could pull sentiment down.
- The positive news flow include: 1) higher rig counts for Southeast Asia in June: 2) successful capping of BP’s Macondo well which implies that there is less likelihood of Gulf of Mexico assets flooding this region; and 3) potential for more new listing proposals in the sector. Conditions are also ripe for more corporate restructurings within the sector given valuations have fallen back despite positive long-term outlook.
RHB Equity 360° - 19 July 2010 (O&G, Berjaya Retail; Technical: Genting, UEM Land) - 19/7/2010
- We cannot deny that there has been a stream of good news for the oil & gas sector that suggests that upstream activity is turning more positive. However, we believe that investors should view all news flow in perspective given there are still underlying economic issues that could pull sentiment down.
- The positive news flow include: 1) higher rig counts for Southeast Asia in June: 2) successful capping of BP’s Macondo well which implies that there is less likelihood of Gulf of Mexico assets flooding this region; and 3) potential for more new listing proposals in the sector. Conditions are also ripe for more corporate restructurings within the sector given valuations have fallen back despite positive long-term outlook.
RHB Equity 360° - 19 July 2010 (O&G, Berjaya Retail; Technical: Genting, UEM Land) - 19/7/2010