Wednesday, December 8, 2010
Monday, November 8, 2010
Sunday, October 17, 2010
Saturday, September 4, 2010
Friday, August 20, 2010
Saturday, August 7, 2010
Friday, July 9, 2010
Monday, July 5, 2010
Monday, June 21, 2010
Friday, June 18, 2010
Sunday, May 23, 2010
Thursday, May 20, 2010
Pasaran jenama Islam semakin penting
KUALA LUMPUR 20 Mei - Kajian yang dijalankan oleh firma pengiklanan antarabangsa, Ogilvy & Mather, mengenal pasti 'pengguna baru Islam' sebagai perkembangan penting untuk jenama yang mahu mewujudkan hubungan yang berjaya dengan dunia Islam.
Pasaran Islam dianggap sangat penting untuk syarikat pemasaran, memandangkan segmen halal sahaja kini bernilai AS$2.1 trilion (RM6.72 trilion) dan berkembang sebanyak AS$500 bilion (RM1.6 trilion) setahun.
Pengarah Global Strategi Kebudayaan Ogilvy & Mather, Nazia Hussain berkata, hasil daripada usaha dan kejayaan, pengguna muda Islam hari ini lebih terbuka, positif dan inovatif, sama seperti pengguna di tempat lain.
"Prinsip amalan penjenamaan Islam yang baik, merupakan amalan yang baik untuk semua perniagaan di seluruh dunia," katanya pada perbincangan meja bulat di sini hari ini.
Beliau berkata, kemunculan pengguna baharu Islam yang terdiri daripada generasi baharu Islam moden di seluruh dunia, perlu dilibatkan dengan nilai-nilai Syariah bagi memahami keperluan mereka serta menguasai pasaran.
Laporan itu, 'Jenama, Islam dan Pengguna Baru Islam', juga berperanan sebagai landasan pelancaran bagi Ogilvy Noor, syarikat penjenamaan Islam global pelbagai disiplin yang bermatlamat membantu jenama mendekati pengguna Islam di seluruh dunia.
Ia juga memaparkan keadaan sebenar yang membelenggu sikap pengguna Islam terhadap jenama dan komunikasi pasaran mereka.
"Sebagai contoh, label halal yang perlu mempunyai sijil, tidak lagi mencukupi untuk memujuk pengguna baharu Islam bahawa syarikat yang mengeluarkan produk berkenaan menjalankan perniagaan selari dengan nilai-nilai Islam," kata laporan itu. - Bernama
Pasaran Islam dianggap sangat penting untuk syarikat pemasaran, memandangkan segmen halal sahaja kini bernilai AS$2.1 trilion (RM6.72 trilion) dan berkembang sebanyak AS$500 bilion (RM1.6 trilion) setahun.
Pengarah Global Strategi Kebudayaan Ogilvy & Mather, Nazia Hussain berkata, hasil daripada usaha dan kejayaan, pengguna muda Islam hari ini lebih terbuka, positif dan inovatif, sama seperti pengguna di tempat lain.
"Prinsip amalan penjenamaan Islam yang baik, merupakan amalan yang baik untuk semua perniagaan di seluruh dunia," katanya pada perbincangan meja bulat di sini hari ini.
Beliau berkata, kemunculan pengguna baharu Islam yang terdiri daripada generasi baharu Islam moden di seluruh dunia, perlu dilibatkan dengan nilai-nilai Syariah bagi memahami keperluan mereka serta menguasai pasaran.
Laporan itu, 'Jenama, Islam dan Pengguna Baru Islam', juga berperanan sebagai landasan pelancaran bagi Ogilvy Noor, syarikat penjenamaan Islam global pelbagai disiplin yang bermatlamat membantu jenama mendekati pengguna Islam di seluruh dunia.
Ia juga memaparkan keadaan sebenar yang membelenggu sikap pengguna Islam terhadap jenama dan komunikasi pasaran mereka.
"Sebagai contoh, label halal yang perlu mempunyai sijil, tidak lagi mencukupi untuk memujuk pengguna baharu Islam bahawa syarikat yang mengeluarkan produk berkenaan menjalankan perniagaan selari dengan nilai-nilai Islam," kata laporan itu. - Bernama
Sunday, May 16, 2010
Is Berjaya paying too much for Ascot stake?
Monday May 17, 2010
By FINTAN NG
fintan@thestar.com.my
Loss-making sports betting firm has no track record
PETALING JAYA: Is Berjaya Corp Bhd getting value for its money for the 70% stake it has proposed to acquire in Ascot Sports Sdn Bhd?
The price tag of RM525mil for the stake works out to RM9.37 per share based on Ascot Sports' paid-up share capital of RM80mil comprising RM1 shares. The acquisition price is valued at six times price-to-earnings (P/E) ratio.
Ascot Sports has no track record and in fact, for the financial year ended Dec 31, 2008, the company recorded a consolidated net liabilities of RM11.2mil and loss after tax of RM4.6mil.
If the RM525mil was for the sports betting license, was it worth it? There were a number of assumptions made by the management of Berjaya Corp on the potential of sports betting in the country, including estimating that it could be worth as much as RM19.9bil.
However, OSK Research Sdn Bhd analyst Keith Wee said in a report that the potential size of the sports betting market was likely to be in the region of RM6.4bil to RM7.7bil. OSK Research is a unit of OSK Investment Bank Bhd, the independent adviser for the acquisition.
Tan Sri Vincent Tan has agreed to guarantee a cumulative net profit of RM375mil over three years
He said that given the high theoretical payouts for sports betting, illegal operators who were not subject to tax would still have a significant advantage over the legal operators in offering more favourable odds.
“This coupled with the all-important credit facilities granted by the illegal operators (legal transactions would be in cash and over the counter or via tele-betting with no online betting allowed) suggests that the initial upside for the legal sports betting operators might be in the form of lower yielding marginal gamblers and the RM7bil legal market estimate may be a longer-term target,” Wee said.
The market's scepticism could be a reason why Tan Sri Vincent Tan, who owns the stake and who is also chairman, chief executive officer and Berjaya Corp's largest shareholder, had agreed to guarantee a cumulative net profit of RM375mil over three years or an average of RM125mil per year as a condition for the stake-sale.
According to an announcement made on behalf of the board of directors by AmInvestment Bank Bhd (the main adviser), Tan has agreed to indemnify Berjaya Corp an amount equivalent to 70% of the aggregated net profit via an RM125mil deferred amount from the sale consideration and securities to provide a cover equal in market value to at least 1.3 times of the amount of RM62.5mil.
He is also committed to take up RM400mil of a one-for-eight rights issue of 10-year 8% irredeemable convertible unsecured loan stocks, which has been called by Berjaya Corp to fund the acquisition.
Some feel the estimates of an average net profit of RM125mil was optimistic given that legalised sports betting is relatively new in the country.
According to analyst reports, Berjaya Corp's management estimates that Ascot Sports would achieve revenue of RM950mil in the first year of operations with a profit before tax (PBT) of RM40mil.
For the second year, management expects RM2.69bil revenue and PBT of RM175mil while revenue for the third year was estimated at RM3.98bil and PBT RM284mil. The company expects to begin operations in August.
The share of revenue for Berjaya Corp from the stake would come to RM665mil for the first year while it would be RM1.88bil and RM2.78bil respectively for the second and third years.
Crunching the numbers further, Berjaya Corp's share of the estimated PBT would be RM28mil, RM122.5mil and RM198.8mil for the first, second and third years respectively.
“Given the greater complexity and variables associated with sports betting, as reflected in the significantly higher prize payouts of 87% to 98% versus number forecasts' 55% to 68%, we believe that it will be crucial that management puts risk management measures in place from the very beginning, especially so when it intends to offer Asian odds on its football game, which typically exhibits higher payouts over the longer term,” Wee said.
By FINTAN NG
fintan@thestar.com.my
Loss-making sports betting firm has no track record
PETALING JAYA: Is Berjaya Corp Bhd getting value for its money for the 70% stake it has proposed to acquire in Ascot Sports Sdn Bhd?
The price tag of RM525mil for the stake works out to RM9.37 per share based on Ascot Sports' paid-up share capital of RM80mil comprising RM1 shares. The acquisition price is valued at six times price-to-earnings (P/E) ratio.
Ascot Sports has no track record and in fact, for the financial year ended Dec 31, 2008, the company recorded a consolidated net liabilities of RM11.2mil and loss after tax of RM4.6mil.
If the RM525mil was for the sports betting license, was it worth it? There were a number of assumptions made by the management of Berjaya Corp on the potential of sports betting in the country, including estimating that it could be worth as much as RM19.9bil.
However, OSK Research Sdn Bhd analyst Keith Wee said in a report that the potential size of the sports betting market was likely to be in the region of RM6.4bil to RM7.7bil. OSK Research is a unit of OSK Investment Bank Bhd, the independent adviser for the acquisition.
Tan Sri Vincent Tan has agreed to guarantee a cumulative net profit of RM375mil over three years
He said that given the high theoretical payouts for sports betting, illegal operators who were not subject to tax would still have a significant advantage over the legal operators in offering more favourable odds.
“This coupled with the all-important credit facilities granted by the illegal operators (legal transactions would be in cash and over the counter or via tele-betting with no online betting allowed) suggests that the initial upside for the legal sports betting operators might be in the form of lower yielding marginal gamblers and the RM7bil legal market estimate may be a longer-term target,” Wee said.
The market's scepticism could be a reason why Tan Sri Vincent Tan, who owns the stake and who is also chairman, chief executive officer and Berjaya Corp's largest shareholder, had agreed to guarantee a cumulative net profit of RM375mil over three years or an average of RM125mil per year as a condition for the stake-sale.
According to an announcement made on behalf of the board of directors by AmInvestment Bank Bhd (the main adviser), Tan has agreed to indemnify Berjaya Corp an amount equivalent to 70% of the aggregated net profit via an RM125mil deferred amount from the sale consideration and securities to provide a cover equal in market value to at least 1.3 times of the amount of RM62.5mil.
He is also committed to take up RM400mil of a one-for-eight rights issue of 10-year 8% irredeemable convertible unsecured loan stocks, which has been called by Berjaya Corp to fund the acquisition.
Some feel the estimates of an average net profit of RM125mil was optimistic given that legalised sports betting is relatively new in the country.
According to analyst reports, Berjaya Corp's management estimates that Ascot Sports would achieve revenue of RM950mil in the first year of operations with a profit before tax (PBT) of RM40mil.
For the second year, management expects RM2.69bil revenue and PBT of RM175mil while revenue for the third year was estimated at RM3.98bil and PBT RM284mil. The company expects to begin operations in August.
The share of revenue for Berjaya Corp from the stake would come to RM665mil for the first year while it would be RM1.88bil and RM2.78bil respectively for the second and third years.
Crunching the numbers further, Berjaya Corp's share of the estimated PBT would be RM28mil, RM122.5mil and RM198.8mil for the first, second and third years respectively.
“Given the greater complexity and variables associated with sports betting, as reflected in the significantly higher prize payouts of 87% to 98% versus number forecasts' 55% to 68%, we believe that it will be crucial that management puts risk management measures in place from the very beginning, especially so when it intends to offer Asian odds on its football game, which typically exhibits higher payouts over the longer term,” Wee said.
Wednesday, May 12, 2010
Dulu bercinta bagai nak rakkkkk....
TIADA siapa yang meminta untuk mahligai perkahwinan yang dibina runtuh di tengah jalan. Begitu juga dengan aktres terkenal Aida Radzwill yang tanpa ada angin dan ribut, tiba-tiba sahaja memohon fasakh daripada suaminya, penyanyi dan pelakon, Joe Radzwill.
Aida, atau nama sebenarnya Khalidah Adibah Ahmad, 52, memfailkan fasakh terhadap suaminya di Mahkamah Rendah Syariah Petaling Jaya pada 27 April lalu.
Sebutan kes tersebut akan disambung pada 22 Jun ini selepas Joe atau nama sebenarnya Ismail Ahmad @ Mohd Radzwill, 39, gagal hadir ke mahkamah seperti ditetapkan semalam.
Selepas lapan tahun berkahwin, Aida akui kini dia gagal menyelamatkan perkahwinan yang dibina itu.
Masih ingat lagi sewaktu menemuramah Aida sekitar Ogos tahun lalu, dia berkata mereka masih berpegang kuat kepada kasih-sayang antara satu sama lain dan menjadi kebiasaan apabila ada pasang surut dalam menghadapi cabaran berumah tangga.
Disangkakan cerah hingga ke petang, rupanya hujan di tengah hari. Begitulah gambaran situasi yang melanda Aida dan Joe sekarang. Kata Aida, dia sudah cukup bersabar dan memberikan ruang kepada suaminya untuk memulihkan perkahwinan mereka.
Dalam permohonannya, Aida mendakwa suaminya gagal memberikan nafkah lebih dari tiga bulan dan defendan lazim menyakiti dan menjadikan hidup plaintif menderita.
Selain itu, defendan didakwa berperangai keji kerana tidak mengikut hukum syarak serta wujud perbalahan berpanjangan antara mereka berdua.
“Sebelum ini, takkan saya nak dedahkan tentang cerita tidak elok dalam rumah tangga kami. Saya dah banyak bagi peluang kepadanya.
“Tapi saya rasa tak perlulah ceritakan. Mungkin dua-dua pernah buat silap,” katanya yang baru selesai menjalani penggambaran drama 26 episod Kalau Tidak Kerana Puan selama dua bulan setengah di Kelantan.
Pada 3 September 2009 pasangan itu mengesahkan pernikahan di Mahkamah Rendah Syariah Kuala Lumpur.
Pasangan itu bernikah di Yala, selatan Thailand pada 6 November 2002. Mereka tidak dikurniakan anak sepanjang perkahwinan mereka bagaimanapun masing-masing mempunyai cahaya mata bersama bekas pasangan terdulu.
Subscribe to:
Posts (Atom)
