KL Market

PLUS - Plus Expressways Berhad News

• 31-Aug-2010 - PLUS Expressways records growth in traffic
  KUALA LUMPUR: PLUS Expressways Bhd announced a traffic volume of 1,281.4 million passenger car unit kilometre (PCU-km) in July, up 4% compared with the same period last year.
  
  
• 24-Aug-2010 - Malakoff unlikely to be relisted soon
  PETALING JAYA: The chances of relisting Malakoff Corp Bhd, a unit of MMC Corp Bhd, in the near future are quite slim but if it's listed, its initial public offering (IPO) proceeds may be used to part finance its plan to acquire PLUS Expressways Bhd, according to Kenanga Investment Bank Bhd research head Yeow Yeonzon.
  
  
• 20-Aug-2010 - Higher traffic volume drives up PLUS second quarter profit by 14%
  PETALING JAYA: PLUS Expressways Bhd's net profit grew 14% to RM320mil in the quarter ended June 30 as higher traffic on its highways boosted the group's toll collection income and compensation claims.
  
  
• 30-Jul-2010 - Analysts cool to PLUS move
  PETALING JAYA: PLUS Expressways Bhd's proposed disposal of its entire equity interest in PT Cimanggis Cibitung Tollways (CCTW) for 57.82bil rupiah (RM20.2mil) has failed to excite or impress analysts, who note that the move would have minimal impact on the toll operator's earnings.
  
  
• 29-Jul-2010 - PLUS to dispose entire equity in PT Cimanggis Cibitung Tollways
  KUALA LUMPUR: PLUS Expressways Bhd has entered into a conditional sale and purchase agreement with PT Bakrie & Brothers TBK for the disposal of its entire equity interest in PT Cimanggis Cibitung Tollways (CCTW) for 57.82 billion rupiah or about RM20.2mil.
  
  
• 08-Jul-2010 - RM1.14bil funding for 4th lane on N-S and NKVE highway no problem
  PETALING JAYA: Analysts do not expect funding of the RM1.14bil highway-widening works in Malaysia to be an issue with PLUS Expressways Bhd.
  
  
• 07-Jul-2010 - N-S highway and NKVE to get 4th lane costing RM1.4bil
  PETALING JAYA: The Ministry of Works has informed PLUS Expressways Bhd's wholly owned subsidiary Projek Lebuhraya Utara-Selatan Bhd (PLUS) that the Government has awarded it a contract estimated to be worth RM1.143bil to build a fourth lane along certain stretches of the North-South Expressway and the New Klang Valley Expressway.
  
  
• 16-Jun-2010 - Plus to buy toll system provider
  PETALING JAYA: Plus Expressways Bhd has proposed to acquire the entire equity stake of Teras Teknologi Sdn Bhd from UEM Group Bhd for RM44mil cash.
  
  
• 23-May-2010 - PLUS Q1 net profit up 7%
  PETALING JAYA; PLUS Expressways Bhd's net profit grew 7% to RM299mil in the first quarter ended March 31 from a year ago, as revenue improved 10% to RM813mil on the back of improved traffic volume on its highways, the company said in a statement.
  
  
• 12-May-2010 - Analysts bullish about PLUS
  DESPITE all the hoopla surrounding Asas Serba Sdn Bhd and its now well-publicised interest in taking over the toll highway operators, analysts remain positive on the biggest player, PLUS Expressways.