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Subang Aviation Services Sdn Bhd, a subsidiary of the National Aerospace Defence Industries (Nadi) group, is planning to invest RM800mil over a period of two years to set up facilities to enter the aircraft maintenance, repair and overhaul (MRO) market for commercial aircraft.
QINETICS Solutions Bhd, a leading provider of outsourced registration services for domain names, is confident of expanding its network of resellers to more than 1,000 globally by next year.
Prospects for the oil and gas sector are bright. Petra Perdana Bhd executive chairman and CEO Tengku Datuk Ibrahim Petra sees bright prospects against significant oil finds. For Petra, the growth sectors would be brown field redevelopment, marine and exploration and production services. SapuraCrest Petroleum Bhd will continue to be busy in 2005. Executive vice-chairman Datuk Shahril Shamsuddin sees the global demand for energy rising rapidly and expects the company's clients' activity levels to follow in tandem. For Tengku Daud Shaifuddin, executive director of Perisai Petroleum Teknologi Bhd, industry prospects were boosted by the recent rises in crude oil prices. Additional investment in the sector augur well for Perisai which has been charting tremendous growth over the past five years.
Avenue Securities Sdn Bhd is positive about the prospects of Perisai Petroleum Teknologi Bhd, especially after its two recent announcements to grow its business model by leaps and bounds.