Highlights:
1. PUNCAK --- Won RM394mil Sewer Pipe Tender ---
2. PERISAI --- Proposed Private Placement ---
3. GHLSYS --- Expand into Indonesia ---
4. PDZ --- Denies on Asset Acquisition ---
5. MINETEC --- To Partnership with Sany, Topmech ---
6. Plantation --- Pressure on Sarawak Planters ---
7. EPF --- Announces 6.35% Dividend ---
-------------
Malaysia Corporate / Economic Updates:
1. PUNCAK --- Won RM394mil Sewer Pipe Tender ---
The company has signed the Tender Acceptance Letter in relation to the tender called by Jabatan Perkhidmatan Pembentungan, Kementerian Tenaga, Teknologi Hijau dan Air for the project, package D44 - Construction of Sewer Pipe Networks at Bunus, Kuala Lumpur. The contract sum is RM393,980,709.64 and the contract period is 48 months which expected to complete by 24 Feb 2018. [Bursa]
2. PERISAI --- Proposed Private Placement ---
Company proposes to undertake a private placement of up to ten percent (10%) of the existing issued and paid-up share capital of Perisai. the Company is expected to raise RM165.9mil, the proceeds is for partial repayment of bank borrowings and/or capital investment for jack-up drilling rig(s) and/or MOPU (“Capital Investment”) and working capital. The total borrowings for the Company amount to RM314.44mil. [Bursa]
3. GHLSYS --- Expand into Indonesia ---
entered into a Memorandum of Understanding (the “MOU”) with PT. Peruri Digital Security (PDS) for the collaboration on development and promotion of payment related businesses in Indonesia which includes; micropayment systems, Internet Payment Gateway, payment and loyalty management systems and processing services, smart card and its security technologies and other electronic payment systems. [Bursa]
4. PDZ --- Denies on Asset Acquisition ---
The company has confirmed that they has not put in any proposal to acquire shares of Efogen Sdn Bhd. (which involved in Oil and Gas businesses) The Company's major shareholder who is in preliminary talks with some parties to explore potential business dealing, has informed the Company that there is no new development thereof. [Bursa]
5. MINETEC --- To Partnership with Sany, Topmech ---
The company has entered into Memorandum of Understanding for Partnership (“MOU”) with Sany International Developing (M) Sdn Bhd (“SANY”) and Top-Mech Provincial Sdn Bhd (“TOPMECH”) to explore opportunities available to form a win-win partnership including to pursue projects jointly. SANY is part of the Sany Group of China with a diverse global business presence but is principally involved in the manufacturing of heavy equipment and machinery. TOPMECH is involved in the crane business and is a dealer for certain SANY products. The MOU shall remain in force for six (6) months. [Bursa]
6. Plantation --- Pressure on Sarawak Planters ---
Wilmar International (the biggest buyer) intends to stop buying CPO produced in the state which could be a knee-jerk reaction to the share price of Sarawak-based plantation companies. [Financial Daily]
7. EPF --- Announces 6.35% Dividend ---
The Employees Provident Fund EPF announced a 6.35% dividend for 2013, higher than 6.15% declared for 2012. [Financial Daily]
Oil Palm Leftovers as Food for Livestock
Food
for cattle: Calves in a dairy farm in New Zealand, which imported 1.52
million tonnes of palm kernel meal in 2013 as supplementary feed. – AFP
Oil palm kernel meal feeds the world's livestock.
THE
OIL palm is known for many things. Cooking oils, cosmetics,
oleochemicals and biodiesels are what most people will come up with, if
you ask them how the crop is used after harvesting. Save for people in
the industry, few are aware how much value there is in oil palm waste.
Fruit from the oil palm tree has an oily outer layer and a single seed within, both of which contain commercially valuable oil.
About
98.8% of the value in oil palm comes from oil products, including palm
oil, oleochemicals, palm kernel oil, finished products and biodiesel.
The remaining 1.2% of the value found in the plant's by-products however, are not to be scoffed at.
One
by-product of the industry is palm kernel meal. This is the pulpy mass
left over after oil has been extracted from palm kernel seeds.
Every
year, over seven million tonnes of the stuff is dried and processed,
ending up as feed stock for cattle, mostly in New Zealand and Europe.
The
biggest importer is the European Union, which took in about 2.63
million tonnes in 2013, followed by New Zealand with 1.52 million
tonnes.
The Malaysian Palm Oil Council (MPOC) explains that this substance is packed with minerals, protein, fat and carbohydrates.
Cattle,
which have four chambered stomachs, are particularly suited to the meal
due to their ability to digest its high starch, sugar and cellulose
content.
In
monogastric animals such as the African catfish or layer chickens, palm
kernel meal can be used to make up about 20% to 30% of the animal's
diet.
In beef cattle, palm kernel meal can constitute up to 80% of the diet and for dairy cattle, 50%.
This makes the dairy industry a big customer of Malaysia's palm kernel meal.
One
of the largest importers is New Zealand which accounts for about a
third of global milk exports. In 2013, the country which is home to more
cows than it is to people, shipped in about 1.52 million tonnes of palm
kernel meal.
Palm
kernel meal is an important source of supplementary stock feed to grass
and hay for dairy cattle, especially in drought-affected areas.
As a country that is hugely reliant on its dairy industry, New Zealand places biosecurity as a top priority.
In
response to such concerns, risk assessments conducted by its Ministry
of Primary Industries have shown that palm kernel expeller (a term used
interchangeably with palm kernel meal) is not a natural host for
potentially worrying pathogens, such as the foot and mouth disease
virus.
Besides,
import conditions require each consignment to be heat processed to 85°C
and stored in factories dedicated to the processing of palm fruits and
kernels, and kept clean and free of potential contamination following
production.
The
ministry has also ensured that under the Import Health Standard, palm
kernel meal will only be imported from approved and audited facilities.
These
assurances can only be a good thing for responsible exporters based in
Malaysia and Indonesia, which together, accounted for about 90% of world
exports in 2013 (Malaysia, 2.58 million tonnes and Indonesia, 3.56
million tonnes).
In
Malaysia, most palm kernel meal is exported as its dairy and cattle
industry is relatively small, with the local consumption at 23,000
tonnes last year.
Just
recently, a memorandum of undertanding was signed, which will secure
Pakistan as an importer of palm kernel meal from Malaysia.
Plantation
Industries and Commodities Minister Datuk Amar Douglas Uggah Embas
witnessed the signing, which designates Chapri Group as the main agent
to distribute palm-based animal feed from local supplier Erafeed.
According
to the MPOC, recent market prices have allowed palm kernel meal to
offer the best value for money in animal feed ingredients.
Based
on market price trades in Rotterdam in August 2013, the total
digestible nutrient per US dollar is higher than soybean, rapeseed, and
sunflower meals.
"In
other words, one US dollar spent on palm kernel meal gives feed millers
an energy value of 52.7 megajoules, which is 29% to 108% higher than
that of soybean, rapeseed and sunflower meals," says the MPOC.
"Of
course, that is due to its high fibre content. You would need to feed a
lot more (palm kernel meal) in order to deliver the same amount of
nutrients."
On the whole, countries like New Zealand encourage the use of locally grown feed where practicable.
However,
climatic events may impact availability of local stock feeds, which is
where palm kernel meal often ends up being a valued supplement.
A
few years ago for example, a major drought disrupted normal
self-sufficiency in New Zealand and palm kernel meal helped fill the
void.
Source: The Star Monday February 17
Oil Palm Leftovers as Food for Livestock
Food
for cattle: Calves in a dairy farm in New Zealand, which imported 1.52
million tonnes of palm kernel meal in 2013 as supplementary feed. – AFP
Oil palm kernel meal feeds the world's livestock.
THE
OIL palm is known for many things. Cooking oils, cosmetics,
oleochemicals and biodiesels are what most people will come up with, if
you ask them how the crop is used after harvesting. Save for people in
the industry, few are aware how much value there is in oil palm waste.
Fruit from the oil palm tree has an oily outer layer and a single seed within, both of which contain commercially valuable oil.
About
98.8% of the value in oil palm comes from oil products, including palm
oil, oleochemicals, palm kernel oil, finished products and biodiesel.
The remaining 1.2% of the value found in the plant's by-products however, are not to be scoffed at.
One
by-product of the industry is palm kernel meal. This is the pulpy mass
left over after oil has been extracted from palm kernel seeds.
Every
year, over seven million tonnes of the stuff is dried and processed,
ending up as feed stock for cattle, mostly in New Zealand and Europe.
The
biggest importer is the European Union, which took in about 2.63
million tonnes in 2013, followed by New Zealand with 1.52 million
tonnes.
The Malaysian Palm Oil Council (MPOC) explains that this substance is packed with minerals, protein, fat and carbohydrates.
Cattle,
which have four chambered stomachs, are particularly suited to the meal
due to their ability to digest its high starch, sugar and cellulose
content.
In
monogastric animals such as the African catfish or layer chickens, palm
kernel meal can be used to make up about 20% to 30% of the animal's
diet.
In beef cattle, palm kernel meal can constitute up to 80% of the diet and for dairy cattle, 50%.
This makes the dairy industry a big customer of Malaysia's palm kernel meal.
One
of the largest importers is New Zealand which accounts for about a
third of global milk exports. In 2013, the country which is home to more
cows than it is to people, shipped in about 1.52 million tonnes of palm
kernel meal.
Palm
kernel meal is an important source of supplementary stock feed to grass
and hay for dairy cattle, especially in drought-affected areas.
As a country that is hugely reliant on its dairy industry, New Zealand places biosecurity as a top priority.
In
response to such concerns, risk assessments conducted by its Ministry
of Primary Industries have shown that palm kernel expeller (a term used
interchangeably with palm kernel meal) is not a natural host for
potentially worrying pathogens, such as the foot and mouth disease
virus.
Besides,
import conditions require each consignment to be heat processed to 85°C
and stored in factories dedicated to the processing of palm fruits and
kernels, and kept clean and free of potential contamination following
production.
The
ministry has also ensured that under the Import Health Standard, palm
kernel meal will only be imported from approved and audited facilities.
These
assurances can only be a good thing for responsible exporters based in
Malaysia and Indonesia, which together, accounted for about 90% of world
exports in 2013 (Malaysia, 2.58 million tonnes and Indonesia, 3.56
million tonnes).
In
Malaysia, most palm kernel meal is exported as its dairy and cattle
industry is relatively small, with the local consumption at 23,000
tonnes last year.
Just
recently, a memorandum of undertanding was signed, which will secure
Pakistan as an importer of palm kernel meal from Malaysia.
Plantation
Industries and Commodities Minister Datuk Amar Douglas Uggah Embas
witnessed the signing, which designates Chapri Group as the main agent
to distribute palm-based animal feed from local supplier Erafeed.
According
to the MPOC, recent market prices have allowed palm kernel meal to
offer the best value for money in animal feed ingredients.
Based
on market price trades in Rotterdam in August 2013, the total
digestible nutrient per US dollar is higher than soybean, rapeseed, and
sunflower meals.
"In
other words, one US dollar spent on palm kernel meal gives feed millers
an energy value of 52.7 megajoules, which is 29% to 108% higher than
that of soybean, rapeseed and sunflower meals," says the MPOC.
"Of
course, that is due to its high fibre content. You would need to feed a
lot more (palm kernel meal) in order to deliver the same amount of
nutrients."
On the whole, countries like New Zealand encourage the use of locally grown feed where practicable.
However,
climatic events may impact availability of local stock feeds, which is
where palm kernel meal often ends up being a valued supplement.
A
few years ago for example, a major drought disrupted normal
self-sufficiency in New Zealand and palm kernel meal helped fill the
void.
Source: The Star Monday February 17
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