Bids for POS stake sell off

• Khazanah Nasional will call for bids to buy its 32.2% stake in Pos Malaysia this week. Including the sale of Golden Share rights.
• Bidders will have 1 month period to submit their proposals.
• Potential bidders: EPF, PNB, DHL, Tune Group, Tan Sri Syed Mokhtar, Aberdeen asset Mgmt, TNT NV 8, Nationwide, Konsortium Logistik, a joint bid from Ekuinas & CVC.

• Earlier in December : POS management have reviewed the Postal Land Act; whereby currently land bank usage was restricted to offering postal related services only. Future potential value may be leveraged by combining other forms of commercial activities such as supermarket, banks, restaurants and etc.
• By developing into commercial entities, POS could translate into rental collection & property appreciation.
• 18/1/11 - POS ties-up with Maybank & RHB to provide the bank’s selected services over the counter such as cash deposits & withdrawals for savings account as well as loan repayments. 
• Maybank plans to extend those services at more than 400 Pos Malaysia outlets by end-June this year. 
• In partnership with RHB, which will be extended fom 21 branches to 300 branches by the middle of this year. 
• Initiatives to provide banking services to a larger base of customers, especially the underserved segment in the rural areas, particularly Sabah and Sarawak, where there is limited access to internet banking.

POS Malaysia : Target price RM4.45