The Group became the only Authorised Flight Training Organisation (AFTO) licensed by the Department of Civil Aviation (DCA) Malaysia to conduct training for helicopter pilots, which we have identified could potentially contribute significantly to our future revenues and earnings base. The Group has been awarded a contract to train cadet pilots of the Malaysian Fire and Rescue Department ( "Bomba"). It is currently training two batches of Bomba trainees and the agency has indicated they would continue to send more students to our academy once the current cohort graduates. Due to the recent closure of ITNS, a helicopter school in Ipoh, we are seeing enquiries from their existing trainee cadet base to transfer to our academy.
Increased activity in offshore work in the oil and gas industry in Malaysia provides excellent opportunity for the Group to offer trained pilots for leading providers of helicopter charter services such as Solaire Sdn Bhd, Westar Aviation Services and MHS Aviation Berhad who have reported shortage of pilots for their current operations and are looking to expand their charter services for this sector. To account for this expected increase in this business, the Group has placed orders for two new helicopters, Robinson R44 and R66 from the Robinson Helicopter Company, effectively confirming our commitment to expand the capacity of this business. The helicopters are expected to be delivered by Q2 2013. The Group will also be establishing a new helicopter center in Ipoh, for which we are awaiting approval from Malaysia Airport Berhad
Secondly, the Group intends to see through its plans and efforts to expand its revenue and earnings footprint regionally beginning with India and Indonesia. In India, after an unfortunate year of delays in getting all the necessary approvals to be operational in Hyderabad, it expects to begin operations by Q3 2013. The Group, in partnership with GMR Hyderabad International Airport Ltd, will be operating a flight school there to take advantage of the significant demand and shortage of pilots in India. In Indonesia, the Group is in advanced discussions with one of the local airline operators to form a joint venture to be the first Malaysian flight academy operator to set up in that country. Like India, Indonesia is also experiencing significant demand and shortage of pilots and is projected to grow even more in the coming years ahead.
Thirdly, given that the Group has been awarded the Air Operator Certificate by the DCA, it is in discussions with some interested parties to start operating charter services. It hopes to move to advance discussions and will announce when appropriate the full details of this plan.
Finally, one of the Group's subsidiary companies, the engineering school APFT Maintenance Training Sdn Bhd has been approved as an accredited training centre by the Human Resource Department and has now started training ground handling courses and the Foundation In Aircraft Maintenance Course. With these five strategic initiatives and developments, the Group is optimistic that the prospects for improvements on the revenues and earnings front in the coming years ahead look promising.
The APFT Group is a dynamic, forward looking and a market driven organisation which strives to transform into an international aviation support, services and systems provider. The Group is currently the leading flight education and training service provider in Malaysia. Whilst flight education and training service in Malaysia is the Group’s principal business, in early 2012, the team at the APFT Group charted new frontiers to redefine the Company; to evolve from a flight school operator into an aviation support, services and systems provider.
The Group has made efforts to reduce its dependence in the domestic market and expand abroad. To this end, the Group has expanded into India with a joint venture flight school, GMR Hyderabad International Airport Limited. Subsequently, in May 2012, the Group subscribed 60% of the share capital in Asia Pacific Flight Training Academy Ltd, a joint venture company to operate the first Malaysian brand flying school in India’s Rajiv Ghandi International Airport. The Group’s revenue footprint in India is expected to commence as soon as regulatory approvals has been resolved, which is expected to be received within the FYE 2013. In addition, the Group has also planned revenue expansion into Indonesia and China.
In tandem to transforming into an international aviation support, services and systems provider, the Group has also expanded its offerings in its flight training academies to include helicopter training. In May 2012, the Group signed its first training agreement with the Malaysian Fire & Rescue Department to train helicopter cadets. To further expand its support offerings to the general aviation industry, the Group intends to intensify efforts in 2013 to create new revenue streams in engineering, ground handling and ground crew training from traditional fixed wing and helicopter training.
To diversify its income base, the Group intends to expand into the lucrative Maintenance, Repair & Overhaul (MRO) business and to this end, has applied for Part 145 maintenance organisation license from the Department of Civil Aviation, Malaysia, which is expected to be issued in 2013. In June 2012, the Company was duly issued with an Air Operator Certificate by Department of Civil Aviation, Malaysia to operate unscheduled chartered flights. As such, the Group remain positive, cautiously confident as the Company has put in place five (5) key strategic initiatives over 3 years that will see the Company reduce its revenue dependence on the domestic market with regards to fixed-wing training by expanding into the Indonesian, Indian and Chinese markets, expand its flight school operations to include helicopter training, expand its offering of aviation related training to include engineering, ground handling and ground crew development, embark on the Maintenance, Repair and Overhaul (MRO) business upon receipt of the Part 145 maintenance organisation status by the Department of Civil Aviation, Malaysia and leverage on the Company’s recently approved Air Operating License by working with strategic partners.
The Board of Directors of APFT wishes to announce that its wholly-owned subsidiary, Asia Pacific Flight Training Sdn Bhd ("APFTSB") (Company No. 534715-H), has signed a five-year MPL Services Agreement ("the said MPL Services Agreement") today with CAE Inc. ("CAE") on the Multi-crew Pilot License ("MPL") training for AirAsia cadets; the first and only MPL training in Malaysia. Previous batches of AirAsia CAE MPL cadets were trained in Canada. The signing of the said MPL Services Agreement will see APFT working with CAE and AirAsia to train AirAsia future first officers. CAE and AirAsia have decided to transfer their MPL technology to Malaysia and have chosen APFTSB to conduct the basic, core and transition phases of its MPL program.
APFTSB operates a flight training academy in Kota Bharu with detachments in Subang, Kuala Terengganu and Ipoh. It was formed six years ago and todate, 600 cadets from various airlines as well as private students have graduated from the flight training academy of APFTSB.
On the other hand, CAE is the world’s leading provider of commercial aviation and ab initio training. CAE is a corporation incorporated under the laws of Canada, with a place of business in the City of Saint Laurent, Province of Quebec, Canada.
The entering into the said MPL Services Agreement with CAE is not expected to have any material impact on the earnings per share and net assets per share of APFT Group for the financial year ending 31st December 2012. However, the Company expects the said MPL Services Agreement to positively affect its bottomline from the financial year ending 31st December 2013 onwards.
None of the directors, major shareholders and/or persons connected with the directors and major shareholders of APFT has any interest, direct or indirect, in the said MPL Services Agreement
Most Reits were under selling pressure past 2-3 weeks.There was a report saying Reits DY is no longer attractive as bonds yield is getting higher. Sunreit share price is most hit( don't know why)
One of major shareholder of SunREITs finally reveal what it done on SunREITs: Capital Income Builder, disposing share 3 consecutive day... the worse is EPF also join them instead of buy, it reverse decisison to sell now??
Saw that annuncement.Total abut 10 million shares sold from 17-19July. EPF which bought Sunreit from their recent announcement,annunced today they sold Sunreit on July18
SunREITs short term earning will be drag down by revise downward fixed rental income from Putra world center as the renovation and refurbishment have affect hotel business.
When I queued to buy yesterday morning,I thought everything was ok( system accepted my order).When I checked again afternoon,only I realized my order 'declined'.
Yesterday afternoon,MS's CS called me,and she told me many customers ( meant NOT ALL) calling them to complain
58 comments:
Bought APFT-WA at 10sen
Bought more APFT-WA at 9.5sen
The Group became the only Authorised Flight Training Organisation (AFTO) licensed by the Department of Civil Aviation (DCA) Malaysia to conduct training for helicopter pilots, which we have identified could potentially contribute significantly to our future revenues and earnings base. The Group has been awarded a contract to train cadet pilots of the Malaysian Fire and Rescue
Department ( "Bomba"). It is currently training two batches of Bomba trainees and the agency has indicated they would continue to
send more students to our academy once the current cohort graduates. Due to the recent closure of ITNS, a helicopter school in Ipoh, we are seeing enquiries from their existing trainee cadet base to transfer to our academy.
Increased activity in offshore work in the oil and gas industry in Malaysia provides excellent opportunity for the Group to offer trained pilots for leading providers of helicopter charter services such as Solaire Sdn Bhd, Westar Aviation Services and MHS Aviation Berhad who have reported shortage of pilots for their current operations and are looking to expand their charter services for this sector. To account for this expected increase in this business, the Group has placed orders for two new helicopters, Robinson R44 and R66 from the Robinson Helicopter Company, effectively confirming our commitment to expand the capacity of this business. The helicopters are expected to be delivered by Q2 2013. The Group will also be establishing a new helicopter center in Ipoh, for which we are awaiting approval from Malaysia Airport Berhad
Secondly, the Group intends to see through its plans and efforts to expand its revenue and earnings footprint regionally beginning
with India and Indonesia. In India, after an unfortunate year of delays in getting all the necessary approvals to be operational in Hyderabad, it expects to begin operations by Q3 2013. The Group, in partnership with GMR Hyderabad International Airport Ltd, will be operating a flight school there to take advantage of the significant demand and shortage of pilots in India. In Indonesia, the
Group is in advanced discussions with one of the local airline operators to form a joint venture to be the first Malaysian flight
academy operator to set up in that country. Like India, Indonesia is also experiencing significant demand and shortage of pilots and
is projected to grow even more in the coming years ahead.
Thirdly, given that the Group has been awarded the Air Operator Certificate by the DCA, it is in discussions with some interested
parties to start operating charter services. It hopes to move to advance discussions and will announce when appropriate the full
details of this plan.
Finally, one of the Group's subsidiary companies, the engineering school APFT Maintenance Training Sdn Bhd has been approved as an accredited training centre by the Human Resource Department and has now started training ground handling courses and the Foundation In Aircraft Maintenance Course. With these five strategic initiatives and developments, the Group is optimistic that the prospects for improvements on the revenues and earnings front in the coming years ahead look promising.
The APFT Group is a dynamic, forward looking and a market driven organisation which strives to transform into an international aviation support, services and systems provider. The Group is currently the leading flight education and training service provider in Malaysia.
Whilst flight education and training service in Malaysia is the Group’s principal business, in early 2012, the team at the APFT Group charted new frontiers to redefine the Company; to evolve from a flight school operator into an aviation support, services and systems provider.
The Group has made efforts to reduce its dependence in the domestic market and expand abroad. To this end, the Group has expanded into India with a joint venture flight school, GMR Hyderabad International Airport Limited. Subsequently, in May 2012, the Group subscribed 60% of the share capital in Asia Pacific Flight Training Academy Ltd, a joint venture company to operate the first Malaysian brand flying school in India’s Rajiv Ghandi International Airport. The Group’s revenue footprint in India is expected to commence as soon as regulatory approvals has been resolved, which is expected to be received within the FYE 2013. In addition, the Group has also planned revenue expansion into Indonesia and China.
In tandem to transforming into an international aviation support, services and systems provider, the Group has also expanded its offerings in its flight training academies to include
helicopter training. In May 2012, the Group signed its first training agreement with the Malaysian Fire & Rescue Department to train helicopter cadets. To further expand its support offerings to the general aviation industry, the Group intends to intensify efforts in 2013 to create new revenue streams in engineering, ground handling and ground crew training from traditional fixed wing and helicopter training.
To diversify its income base, the Group intends to expand into the lucrative Maintenance, Repair & Overhaul (MRO) business and to this end, has applied for Part 145 maintenance organisation license from the Department of Civil Aviation, Malaysia, which is expected to be
issued in 2013. In June 2012, the Company was duly issued with an Air Operator Certificate by Department of Civil Aviation, Malaysia to operate unscheduled chartered flights. As such, the Group remain positive, cautiously confident as the Company has put in place five
(5) key strategic initiatives over 3 years that will see the Company reduce its revenue dependence on the domestic market with regards to fixed-wing training by expanding into the Indonesian, Indian and Chinese markets, expand its flight school operations to include
helicopter training, expand its offering of aviation related training to include engineering, ground handling and ground crew development, embark on the Maintenance, Repair and Overhaul (MRO) business upon receipt of the Part 145 maintenance organisation status by the
Department of Civil Aviation, Malaysia and leverage on the Company’s recently approved Air Operating License by working with strategic partners.
The Board of Directors of APFT wishes to announce that its wholly-owned subsidiary, Asia Pacific Flight Training Sdn Bhd ("APFTSB") (Company No. 534715-H), has signed a five-year MPL Services Agreement ("the said MPL Services Agreement") today with CAE Inc. ("CAE") on the Multi-crew Pilot License ("MPL") training for AirAsia cadets; the first and only MPL training in Malaysia.
Previous batches of AirAsia CAE MPL cadets were trained in Canada. The signing of the said MPL Services Agreement will see APFT working with CAE and AirAsia to train AirAsia future first officers. CAE and AirAsia have decided to transfer their MPL technology to Malaysia and have chosen APFTSB to conduct the basic, core and transition phases of its MPL program.
APFTSB operates a flight training academy in Kota Bharu with detachments in Subang, Kuala Terengganu and Ipoh. It was formed six years ago and todate, 600 cadets from various airlines as well as private students have graduated from the flight training academy of APFTSB.
On the other hand, CAE is the world’s leading provider of commercial aviation and ab initio training. CAE is a corporation incorporated under the laws of Canada, with a place of business in the City of Saint Laurent, Province of Quebec, Canada.
The entering into the said MPL Services Agreement with CAE is not expected to have any material impact on the earnings per share and net assets per share of APFT Group for the financial year ending 31st December 2012. However, the Company expects the said MPL Services Agreement to positively affect its bottomline from the financial year ending 31st December 2013 onwards.
None of the directors, major shareholders and/or persons connected with the directors and major shareholders of APFT has any interest, direct or indirect, in the said MPL Services Agreement
bought Kps @1.75
Bought more KPS at 1.70, Puncak at 2.53
Joined the group bought more KPS at 1.71 and puncak at 2.55
wonder if puncak is gonna break 2.50. try try queue & see.so to average down.
market today seems like panic sell... everywhere selling down?
lg
where got panic selling,more like force selling lo. Panic selling mkt can still go up ah?
IGB REIT apa u buat,
hari hari turun 1.27 now
coz all my counters all red! lol
Bought APFT at 37-38sen
Bought more APFT at 35-36sen
Bought KPS 1.69 to 1.73.
http://www.nanyang.com.my/node/550292?tid=704
Today bought kps at 169
What happen to sunreit ?
Derick
Most Reits were under selling pressure past 2-3 weeks.There was a report saying Reits DY is no longer attractive as bonds yield is getting higher. Sunreit share price is most hit( don't know why)
Oic , thanks Teng .
teng is correct as per the report,
As interest rate goes up, investor will switch from dividend play to risk-on better gain speculative play
Derick/Remnant
When report about reit came out,Sunreit was about 1.60. At current level,I think DY become attractive again over M Bonds
Bought some Sunreit at 1.40
awesome . . last minutes taken all 7500 lots at seller price, 1.76 YTL P
Teng
One of major shareholder of SunREITs finally reveal what it done on SunREITs: Capital Income Builder, disposing share 3 consecutive day... the worse is EPF also join them instead of buy, it reverse decisison to sell now??
Hng
Saw that annuncement.Total abut 10 million shares sold from 17-19July.
EPF which bought Sunreit from their recent announcement,annunced today they sold Sunreit on July18
SUNREIT.... :(
I lost my 1st day trades print out. :(
Bought more SUNREIT at 1.40 as well.
Sold off all Kinstel at 32sen
hng
good for you.... kinstel
Hng
Good profit. It was reported Kinsteel/Perwaja chairman ( Maju Group Owner) may privatise Perwaja
SunREITs short term earning will be drag down by revise downward fixed rental income from Putra world center as the renovation and refurbishment have affect hotel business.
TMS crazy any good news???
Sold Kinstel at 0.31 :-)
big guy buying ytlpower in big volume.
will it move to 1.80???
sunreit new 52 wk low.
Cheeheng
Besides loss of income at Putra Worldany other bad news for Sunreit?
teng,
none that I know of. EPF and foreign fund Capital Income Builder selling,pushing stock even lower.
Teng,
Reits use to be quite safe. Now not sure anymore.
CheeHeng
Only some Reits under selling pressure. TowerreitUOAreit,Arreit are ok. Guess Reits with high DY are safe this round
Bought APFT @ 0.355
http://www.fool.sg/2013/06/24/why-reit-investors-must-watch-out-for-rising-yields/
Read this.
http://www.fool.sg/2013/06/24/why-reit-investors-must-watch-out-for-rising-yields/
Read this.
KPS & Puncak rebound ? Wait and see later ..
雪州儲水量今年恐跌破1%
（吉隆坡25日訊）雖然中央政府透露已和雪州政府針對水務重組課題展開非正式洽談，不過隨著雪州用水儲備量情勢告急，馬銀行研究預計今年將跌破1%身處危險水平，並警告冷岳2輸水計劃最遲須在今年杪動工，否則將在2016年後面對缺水危機。
2016年後或缺水
該行估計，雪州用水儲備量將分別從2011年及2012年的7.5%及3.5%，挫跌至1%以下的危險水平。
“除了人口成長，工業及商業活動擴張也促使市場對水源的需求提昇，若今年水源需求及產量增長3%，我們估計今年雪州用水儲備量將告急，跌穿1%。”
以去年的情況而言，用水產量進一步上升4.3%，由於沒有增加重大產能，預計去年的用水儲備量已收窄至3.5%。
馬銀行研究指出，鑒於雪州用水儲備量持續下跌，目前展開的應急措施僅足以應付至2016年的需求，而冷岳2水源處理廠房的承建工程須最遲在今年杪啟動，以從2016年初起投入營運。
中央政府從2011年起推動的產能增強措施，涉及7億8千500萬令吉資本開銷，料為2013至2015年每日增加6億零100萬公升處理水源。
從2009至2012年，雪州的用水產量複合成長為2.7%，而非收益用水則高企於32至33%。
馬銀行研究說，銜接彭亨州及雪蘭莪州的水務轉移計劃建築工程已邁入最後階段，預計可在明年5月全面完成。不過，若沒有冷岳2處理廠房，此上游基建最終僅輪為“白象計劃”，而冷岳2則須耗費另兩三年承建。
“冷岳2的首階段工程將每日帶來11億3千萬公升產能，另加上次階段將推高至73億3千800萬公升。”
目前雪州水務產能企於44億7千700萬公升，若加上產能增強措施，到了2015年將捎來另6億零100萬公升用水。
早前能源、綠色工藝及水務部長拿督斯里麥西慕指出，正等待雪州政府的回應，以重新回到談判桌上。
“我們以開放態度與雪州政府談判，包括雪州政府提出收購雪州水供公司（Syabas）建議，惟條件是雪州政府須同意興建冷岳2計劃。”
雖然冷岳2處理廠房首階段工程的競標活動已於去年截止，但仍等待政府的決定。
競標結果原訂於今年4月宣佈，但受到大選影響而被迫展延。雖然此計劃由中央政府融資，惟須獲得州政府同意，至目前仍懸而未決。
首階段工程價值料介於12億至13億令吉，13家參與競標的公司包括金務大（GAMUDA，5398，主板建筑組）、怡保工程（IJM，3336，主板建筑組）及WCT控股（WCT，9679，主板建筑組）、MMC機構（MMCCORP，2194，主板貿服組）、實康（SALCON，8567，主板貿服組）及阿末查基資源（AZRB，7078，主板建筑組）等。（星洲日報／財經）
I was not able to trade with Malacca Securities since yesterday morning.Today system still not able to take my order
Its server is worse than Maybank and I will go back to Maybank if problem persist today
Anyone facing same problem?
Hi Teng,
Mine seems ok.
LG
Maybe selective customers
Talked to CK 20 minutes ago,his account also can't trade
Mplus CS called me,and I think they manually monitor my account.My queue now in the system now
Teng
how come? mine's ok
CheeHeng
Did you check your order status?
When I queued to buy yesterday morning,I thought everything was ok( system accepted my order).When I checked again afternoon,only I realized my order 'declined'.
Yesterday afternoon,MS's CS called me,and she told me many customers ( meant NOT ALL) calling them to complain
I had also experienced "network connection error" before. So had to call the CS and manually place the orders.
Teng,
yup,e'thing ok
CheeHeng
You are lucky. I was told problem affected selected branches
Teng,
My brother also experiencing same problem like yours(order declined)
sold all AWC @265,realized handsome pft.>10%
Anyone game for Puncak-wb?
congrats cheeheng! good call.
cheeheng
wow... good for you
Buy back if AWC drops to 24 sens. :)
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