Deadline for POS bidder today, Syed Mokhtar front runner

• There are likely to be 4-5 consortium bidding for POS such as:

1. Tan Sri Syed Mokhtar’s consortium,
2. Sapura Group, which has tied up with Deutsche Post,
3. Scomi Marine Bhd with an European Postal group, 
4. 2 other groups led by individuals

• At closing price of RM3.35 per share last Friday, the 32.21% stake would be worth as much as RM579.54 million.
• Key criteria for the potential buyer would be one with strategic fit to transform Pos & possess strengths in retail and courier segments other than conventional postal services. 
• Syed Mokhtar seen as the front runner in the bid. Already owns Bank Muamalat, they can establish an immediate tie-up to provide a full banking services like an actual bank with its own banking staff.
• Previously, Pos has tied-up with Maybank and RHB to offer a limited range of banking services. 
• There is also speculation that Syed Mokhtar may also take DRB-Hicom private.