Wednesday, May 23, 2012

BRAHIMS ... May12


Inflight catering services provider has seen its revenue affected by the route rationalization exercise undertaken by MAS. It acquired a 51% stake in BLSG in 2008. BLSG in turn owns 70% stake in LSG Sky Chef-Brahim Snd bhd, which holds the concession for the provision of inflight catering and related services for MAS. MAS owns the balance 30% in LGSB.

When MAS started closing some of the long haul routes, Barhim will definitely be affected. But that has somehow stabilized and now they are improving the short haul networks and they will have more regional flights. Some industry observers pointed out that the new management of MAS could be looking at reviewing a few operating areas, including the inflight catering contracts, in its bid to restructure its cost base due to its record losses for the financial year ended Dec 31, 2011.

Inflight catering services made up 93% of the group’s total revenue of rm185 million for FY2011. About 80% of its inflight catering services revenue comes from the 25 year contract with MAS which ends in 2028.

Barhim also owns 51% stake of Dewina Host Sdn Bhd, which is an operator of airport F&B outlets. Brahims is a significant player in the F&B scene in KLIA with outlets such as Burger King, Taste of Asia and Café Barbera. Dewina has put up about six proposals to open restaurants in KLIA2. F&B’s contributed to 5% of Brahim’s revenue.
In its effort to diversify its earnings base, it had acquired 60% equity interest in Admuda Sdn Bhd, which has a license for a sugar refinery for the east Malaysia market. It will be the first company producing sugar in east Malaysia . It will finance about rm130 million for capex by bank borrowings but it will do some corporate exercise to restructuring some of external borrowings.

23 comments:

Anonymous said...

xanax online buy alprazolam without rx - buy alprazolam 0.25mg

Anonymous said...

buy tramadol online order tramadol no prescription cheap - tramadol hcl what does it do

Anonymous said...

buy tramadol online order tramadol health solutions network - tramadol hydrochloride 50 mg dog

Anonymous said...

tramadol online no prescription tramadol 50 mg hcl - tramadol withdrawal vertigo

Anonymous said...

buy tramadol online how easy to overdose on tramadol - order tramadol pay cod

Anonymous said...

buy tramadol online soma tramadol high - tramadol online for cheap

Anonymous said...

xanax online can you overdose xanax bars - xanax overdose in dogs

Anonymous said...

generic xanax cheap xanax to buy online - side effects alprazolam 0.5 mg

Anonymous said...

buy tramadol online tramadol hcl 50 mg does get you high - tramadol high much

Anonymous said...

buy tramadol online tramadol online for cheap - tramadol 50 mg during pregnancy

Anonymous said...

can you buy cialis online legal order cialis online - cialis price lilly

Anonymous said...

buy tramadol online tramadol online with cod - tramadol for dogs usa

Anonymous said...

learn how to buy tramdadol tramadol 7171 - side effects of tramadol 50 mg

Anonymous said...

buy tramadol cod overnight tramadol overdose much does take - tramadol hcl pain

Anonymous said...

tramadol online cheap online tramadol no prescription - can you buy tramadol over counter usa

Anonymous said...

tramadol 50 mg long develop tramadol addiction - tramadol to buy usa

Anonymous said...

buy tramadol online tramadol 50 mg every 4 hours - tramadol 20mg

Anonymous said...

http://buytramadolonlinecool.com/#51726 buy tramadol online from usa - buy tramadol direct

Anonymous said...

buy tramadol online non generic tramadol - tramadol on drug test

Anonymous said...

ativan cost ativan withdrawal muscle twitches - lorazepam 1 mg what is it used for

Anonymous said...

tramadol 100 mg tramadol dosage maximum dose - pet meds tramadol 50mg

Anonymous said...

http://staam.org/#41652 order tramadol cash on delivery - took 3 50mg tramadol

Anonymous said...

http://bayshorechryslerjeep.com/#6828 how does xanax xr 2mg work - 3mg xanax withdrawal