Electronics, properties and utilities company Guh Holdings Bhd today said that an out of court settlement it is due to receive will bump up revenue for the financial year (FY) ending 2023 by RM4 million. In a filing with Bursa Malaysia Securities, the company said its subsidiary Teknoserv Engineering Sdn Bhd will receive RM9.071 million from the out of court settlement it reached with JAKS Sdn Bhd and KACC Construction Sdn Bhd for disputes in connection with the project known as "PAKEJ D43 – Pembinaan Rangkaian Paip Pembetungan dan Rationalisasi Loji Rawatan Kumbahan Di Batu, Jinjang-Kepong, Kuala Lumpur (Reka & Bina)". (NST)

Farm Fresh Bhd's share price continued to fall in early trade today after a voluntary statement on unusual market activity by the company said it will see some impact from intense competition for raw milk from Australia. Farm Fresh's share price fell as much as 4.3 per cent or 5 sen to a low of RM1.09 before recovering some its losses and trading at RM1.1 as at 11.07am. Year to date, the company's share price has fallen 32 per cent. (NST)

Bursa Malaysia has announced the transfer of the shares of Ecomate Holdings Bhd from the ACE Market to the Main Market of the stock exchange.It said the transfer of the company's shares listing, which falls under the consumer products and services sector, will take place at 9am on Friday, July 7, 2023. (TheStar)

KYM Holdings Bhd expects its financial year ending Jan 31, 2024 (FY2024) to continue to be challenging, amid continued volatility in paper roll prices, the rise in the overnight policy rate and the group’s foreign exchange exposure, according to newly appointed chief executive officer Darren Lee. The group is dependent on paper rolls it sources from Northern Europe as its raw material, which means a lot of its purchases are denominated in euros and US dollars while the ringgit has been declining. (TheEdge)

Shares of loss-making BTM Resources Bhd were heavily traded on Wednesday (July 5) morning, with 58.6 million shares changing hands days after Bioalpha Holdings Bhd founder William Hon Tian Kok emerged as a substantial shareholder of the timber company. At noon break, its shares settled 5.6% or 0.5 sen higher at 9.5 sen, implying a market capitalisation of RM119.4 million. (TheEdge)

Public Investment Bank Bhd (PIVB) has assigned a fair value of 37 sen to ACE Market-bound DC Healthcare Holdings Bhd, representing a price-earnings (PE) multiple of 16 times its financial year ending Dec 31, 2024 (FY2024) earnings per share of 2.3 sen. This represents a 12 sen or 48% premium to its initial public offering (IPO) price of 25 sen a share. (TheEdge)

TA Securities Research has valued Main-Market bound MST Golf Bhd at RM1.20 a share — a 48.15% premium to its initial public offering (IPO) price of 81 sen a share — on the back of the group's strong profit growth, coupled with its business plan to widen coverage in existing markets and penetrate regional countries amid robust demand for golf clubs and other equipment. MST Golf, which is slated to be listed on July 20, is primarily involved in specialty retail and wholesale of golf equipment which comprises golf clubs, golf apparels, and other accessories in Malaysia and Singapore. (TheEdge)

Source: New Straits Times, The Edge Markets, The Star 05 July 2023

Need a Trading Account?

Open a trading account now for FREE with our selected advertiser to enjoy Free Subscription to MQ Trader!
 

Contact Us

Please do not hesitate to contact us if you have any inquiries:

Facebook: https://www.facebook.com/mqtrader 
Instagram: https://www.instagram.com/mqtrader 
i3messanger: https://messenger.i3investor.com/m/chatmq 
YouTube: https://www.youtube.com/channel/UCq-26SGjlQTVQfO7DoEihlg 
Email: admin@mqtrader.com