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.

PLUS told Bursa Malaysia on Wednesday the disposal, which was part of efforts to focus resources on its other businesses in Indonesia, was expected to result in a net gain of about RM1mil.