laggard from the rest

Oil price going up, seems like the renewables side has to play catch up

Maybank TP RM10.90

https://www.dagangnews.com/yinson-berpotensi-kaut-2-lagi-kontrak-dengan-capex-rm627-bilion-penganalisis-9515

The commotion on the coal price hike is irrelevant to JAKS Vietnam power plant. JAKS has a coal supply agreement with the local government supplier to supply coal to the power plant and therefore, JAKS is not affected by the global coal price fluctuations. Also, as I understand, the coal is a pass through costs, and therefore, will be charged back to the off-taker. The Vietnam power plant will not be affected from the coal price hike, to begin with.

results is out! revenue and profit - yoy and qoq up. Got dividend also.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3186079

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3186078

https://www.youtube.com/watch?v=XqsUnoGR3a4

OCK uploaded their AGM presentation video

@jutawansenyap how you see CGB

https://www.theedgemarkets.com/article/og-firm-reservoir-link-dives-solar

increase O&G activities + Solar construction work for booming solar industry?

i think there are justifications made based on the document shared earlier to every query. Please read

https://klse.i3investor.com/blogs/yinson_reply_i3investors/2021-06-08-story-h1566106787-Yinson_Holding_Berhad_Reponses_to_i3investor_forum_comments.jsp

Thank you yinson_reply for the clarification, appreciate for taking the time to compile the information.

If you are from the company, good job. We as retailers probably dont get that much information from companies.

Then you probably should have to check with the amount of projects every year, rather than just stating that there is a problem with increasing profits.

The assumption is flawed, would you rather your investments deliver you inconsistent profits?

Yinson's charter rates are bound by long term contracts. therefore a consistent growth in profits.

I have failed to see the comparison from a business point of view, although they are within the same O&G industry.

As a growing company that is in a capital extensive business, naturally the borrowings will increase, steady dividend yearly is commendable. They have been rather efficient in recycling capital over the years. If the business is a fluke as you say, I do not think that they will be able to secure a syndicated loan from various huge financial institutions. Passing through every institution’s due d?
https://www.thestar.com.my/business/business-news/2020/09/18/yinson-sumitomo-secures-us400mil-bridge-financing-for-fspo-anna-nery

From my understanding, FPSO’s are specific assets tailored to suit the oil field which they will only build upon signing off a long term contract with these multinational clients. As you have rightfully pointed out that it depreciates, of course it does, but before the shelf life of the vessel, I believe Yinson would have reap good profits for the company and shareholders.

You don’t really see companies still make profit eventhough their contracts has been terminated. This is due to the strong contracts signed with their MNC clients. I think you should look at the overall market size, where demand for FPSO still remains strong.

I don’t know how many countries serba is in, but Yinson has offices and jobs globally.

You should probably check out their corporate deck, its all in their website. Information are highly transparent and up to date. They too have videos on their FPSO updates. Well at least that’s where I get all my info.

JAKS Resources Bhd (Fundamental BUY with TP 0.80)

1. The first unit of the Hai Duong Thermal Power Plant has commenced operation on 24 November
2020 while the second unit had commenced operation in January 2021.
2. The power plant’s concession is owned by a 30:70 JV company (JAKS Hai Duong Power
Company Limited) with China Power Engineering Consulting Group Co Ltd (CPECC), comprises
of two 600MW coal-fire thermal units with a project cost of US$1.87bn.
3. Under the 25-year power purchase agreement, JAKS Hai Duong will be guaranteed with fixed
capacity payments by the Government of Vietnam and will be backed by energy payment to
cover variable costs, including fuel and variable operating costs, and therefore contributing to a
sustainable income contribution during the 25 years tenure.
4. Based on management’s guidance, the 2x600MW power plant will provide a revenue of
US$600m per annum. Assuming a 18% net margin and RM4/USD conversion rate, 30% JV will
generate net income of RM130m per year for JAKS.
5. In the recent quarter results, JAKS registered a PATMI of RM19.7m for 1QFY21 against a net
loss of RM6.2m YoY mainly contributed by the Vietnam power plant. We expect earnings to be
stronger in coming quarters reflecting the full contribution from Vietnam. Going forward, JAKS
will continue to expand its business in the power and energy sector in Malaysia and Vietnam.
6. We expect JAKS to register core net profit of RM94.6m and RM96.9m for FY21 and FY22
respectively. BUY with a target price of RM0.80 based on SOP (sum of parts) valuations,
implying PER of 15.0x and 14.6x for FY21 and FY22 respectively.

Source : Rakuten Research

@Sslee

Why u dislike jaks so much? but what u say dont make sense la....alang alang mobius shareholder activism..... aiya dont waste time on jaks la.. just go for other counter la.

No need to be so noble la... more important is everyone make money.

Property market seems to be coming back, with strong sales to close 2020.

any developments?

placement at 40s?

lol.. Should be only one seller not a group, the other directors are linked to the company.

Harn Len returns to black in Q3 with RM113.3 mln profit - Bernama

KUALA LUMPUR, Nov 26 -- Harn Len Corp Bhd returned to the black in the third quarter ended Sept 30, 2020, with a net profit of RM113.28 million against a net loss of RM6.98 million in the same quarter last year.

The group’s revenue increased by 19.5 per cent to RM36.14 million from RM30.23 million a year ago, the oil palm plantation and oil milling operator said in a filing with Bursa Malaysia today.

“Growth was mainly due to higher average selling prices of crude palm oil (CPO) and palm kernel,” it said.

For the first nine months of the current financial year, Harn Len recorded a net profit of RM98.44 million versus a net loss of RM26.91 million, while its revenue rose by 12.1 per cent to RM82.81 million from RM73.84 million previously.

Harn Len’s plantation division remained the major revenue contributor, accounting for 97 per cent of total revenue, followed by three per cent from the property and other divisions.

Managing director Low Quek Kiong said the group’s prospects were bright as the CPO price increased to the RM3,000 level since the end of the third quarter.

“Our significantly enhanced financial position from the gain on disposal, aided by the favourable buoyant CPO price, means we can continue to commit to our key measurements and rollout our strategic executions to improve productivity and profitability.

“This enables delivery of sustainable growth while maintaining an optimistic outlook on the sector and CPO price,” he said.

Harn Len expects the CPO price rally to continue and soften in the second quarter of the financial year 2021 onwards with an average price of RM2,500 per tonne.

https://www.bernama.com/en/business/news.php?id=1905963

Harn Len Q3FYE2020 PAT Surges To RM113.4 Million On the back of gain on disposal as well as higher CPO and PK prices

https://klse.i3investor.com/blogs/waynesbusiness/2020-11-26-story-h1536641563-HARN_LEN_Q3FYE2020_PAT_SURGES_TO_RM113_4_MILLION.jsp

Harn Len Q3FYE2020 PAT Surges To RM113.4 Million On the back of gain on disposal as well as higher CPO and PK prices

https://klse.i3investor.com/blogs/waynesbusiness/2020-11-26-story-h1536641563-HARN_LEN_Q3FYE2020_PAT_SURGES_TO_RM113_4_MILLION.jsp

Harn Len Q3FYE2020 PAT Surges To RM113.4 Million On the back of gain on disposal as well as higher CPO and PK prices

https://klse.i3investor.com/blogs/waynesbusiness/2020-11-26-story-h1536641563-HARN_LEN_Q3FYE2020_PAT_SURGES_TO_RM113_4_MILLION.jsp

Shah Alam, 24 November 2020 – Powerwell Holdings Bhd (“Powerwell” or the “Group”), today announced its third quarter results for the financial year ending 31 March 2021.

Powerwell registered a revenue and profit before tax (“PBT”) of RM25.4 million and RM2.3 million respectively as compared to a revenue of RM11.6 million and loss before tax of RM3.4 million in the preceding quarter. This was due to the increase in number of projects delivered and higher average project value as the Group’s operations returned to normal with the Malaysian and Vietnamese governments gradually relaxed the movement restrictions and social distancing measures imposed to help curb the spread of the COVID-19 pandemic.

For the nine-months financial period ended 30 September (“FPE”) 2020, Powerwell registered a revenue and loss before tax of RM55.2 million and RM3.6 million respectively as compared to revenue and PBT of RM66.4 million and RM10.7 million for the FPE 2019. The losses during FPE 2020 was attributable to a one-off listing expense of RM4.5 million where RM4.2 million was charged out in the first quarter of 2020 as well as lower number of projects delivered and fixed cost that continued to be incurred due to the COVID-19 pandemic. Excluding the listing expense, the PBT would have been RM0.6 million.
Powerwell’s Executive Director, Ricky Lee, said that the Group remains cautious of the current economic situation but believes that the Group is resilient to face any downturn that might occur with various measures implemented to ensure minimal disruptions to projects’ timelines, payments and business operations. He added, “We recently secured multiple contracts worth RM21.7 million which brought our outstanding order book to RM74.7 million (as at 31 October 2020). This will provide earnings visibility for Powerwell until 2021. With the gradual lifting of social distancing measures and resumption of the government infrastructure projects, we believe we can replenish our order book to deliver sustainable earnings for our shareholders.”

Actually, for existing shareholders the RI will benefit them who believe in the company's future prospects and decides to subscribe for their entitlement as it is attractively priced with a discount of more than 50% plus the free detachable warrants. I think that this is attractive for existing shareholders to subscribe to the RI and an opportunity for them to increase their equity participation in the company.

-----------------------------------------------------------------------------------------------------------------------------------
@SejukSam for existing shareholders, you will have NO choice but to subscribe to the rights. u will need to cough up extra cash to maintain your shares from a big incoming dilution.

for new punters, only buy after rights are issued.

stock price will be cheaper then

After reading the Nanyang article, I think that ALP was talking about future financing options not any current financing requirement in particular. He meant that it was one of the financing option available to the company for future plans. But anyway now all the banks also wont simply give loan thanks to covid. they probably cant get a loan even if they wanted. Hopefully they can make good use of their low net gearing for future business expansion.

----------------------------------------------------------------------------------------------------

@investoo 7. During the exclusive interview with Nanyang newspaper on 11 July 2020:
Andy Ang pointed out that the company's net gearing ratio as of the end of the fiscal year 2019 is still at a low level of about 0.28. "This gives the company the ability to raise funds through borrowings for future business acquisitions."

If the company can raise funds through borrowing, why proposed rights issues at this covid-19 pandemic time?

Wow..... https://www.theedgemarkets.com/content/morning-call-9720-0

OCK!!!

https://www.youtube.com/watch?v=ybdgVWpY3JQ

Interesting potential shareholders in RL! :D

https://www.theedgemarkets.com/article/ipo-og-outfit-reservoir-link-confident-well-services-business-viability

Research Houses Target Price

Interpac RM0.52
RHB RM0.47
PublicInvest RM0.47
Malacca Securities RM0.46
TA RM0.27

Interesting potential shareholders in RL! :D

https://www.theedgemarkets.com/article/ipo-og-outfit-reservoir-link-confident-well-services-business-viability

Research Houses Target Price

Interpac RM0.52
RHB RM0.47
PublicInvest RM0.47
Malacca Securities RM0.46
TA RM0.27

KUALA LUMPUR, MALAYSIA – MAY 30, 2019

Vertice Berhad (“Vertice” or “the Group”) is pleased to announce its financial results for the quarter ended 31 March 2019, being the last quarter of its 15-months financial period ended 31 March 2019.

For the quarter under review, the Group recorded an impressive 442%, year on year increase in revenue to RM44 million, primarily attributed to the construction division’s on-going projects progressing with higher value of work done and the commencement of new projects, including two new projects secured with contract values ranging from RM10 million to RM21 million. The division’s profit before tax (“PBT”) for the quarter was RM1.6 million as compared to the RM0.1 million recorded in the corresponding three months in 2018, representing a 15-fold increase.

For the 15-months financial year ended 31 March 2019, the construction division’s revenue was RM124 million. If compared to a 15-months period ended 31 March 2018, the RM124 million represents an increase of 368%. PBT for the construction division was RM5.9 million. However, at the Group level, a consolidated net loss of RM5.2 million was recorded due to losses incurred in the fashion retail business and investment holding company.

The construction of the by-pass from Bandar Baru Ayer Hitam connecting to Lebuhraya Tun Dr Lim Chong Eu (Package 2 of the Penang Mega Infrastructure Project) ("PMIP") is targeted to commence on 1 September 2019. This RM815 million project was awarded to the Group's construction arm, Vertice Construction Sdn Bhd, through its 50:50 joint venture company, Buildmarque Construction Sdn Bhd and is expected to contribute positively to the Group’s financials.

Vertice Board of Directors commented, “We are delighted that our construction business continues to do well and contributes positively to our top and bottom line. Our construction arm is growing rapidly to generate better returns. Earnings will improve further once we complete the 60% disposal of our fashion retail division, which is still incurring losses.

The Group foresees the construction division to continue providing strong earnings streams to enhance the Group’s profitability and returns on shareholders’ funds.”

To date, the Group has a total outstanding orderbook of over RM1 billion which will contribute to the Group’s earnings visibility up to 2022. The Group’s balance sheet remains healthy with a current ratio of 2.65 times, gross gearing of 0.01 times and a cash and cash equivalent position of RM18.1 million as at 31 March 2019.

Crest Builder Holdings Berhad (“Crest Builder” or “the Group”) made a sterling start to its financial year by reporting a 31.8% year on year increase in its revenue to RM163.8 million for its first quarter of financial year ending 31 December 2019 (“Q1FYE2019”).

In line with its revenue growth, the Group reported a profit before tax (“PBT”) of RM16.7 million and profit after tax and minority interest (“PATAMI”) of RM10.0 million as compared to Q1FYE2018’s RM12.5 million and RM7.6 million, translating to an increase of 34.3% and 31.3% respectively.

The commendable set of financial results was mainly attributed to the Group’s construction and property development divisions, followed by their concession arrangement division and investment division. The construction and property development divisions accounted for 62.1% and 29.5% of the Group’s revenue respectively.

During the quarter under review, the Group’s construction division recorded a revenue of RM101.8 million and PBT of RM1.7 million as compared to Q1FYE2018’s RM66.3 million and RM1.5 million respectively. The significant increase of 53.5% and 13.3% were mainly due to higher progressive construction progress recognised from certain projects during the financial period under review, namely South Brooks Residences, Quarza Mall & Residences and Capri Hotel.

The Group’s property development division’s revenue and PBT stood at RM48.4 million and RM13.5 million as compared to Q1FYE2018’s RM42.4 million and RM8.0 million respectively. The exemplary increase of 14.2% and 68.8% were mainly due to higher sales from its Batu Tiga Phase 2 (Residensi Hijauan) project during the current quarter.

As at 31 March 2019, the Group’s current outstanding construction order book amounted to approximately RM1 billion which will allow the Group to continue providing clear earnings visibility over the next few years.

“I am pleased to announce a strong first quarter financial result with meritorious growth in revenue and earnings as compared to its preceding period. The tremendous growth was mainly contributed by our on-going construction and property development projects. With that said, I am very proud of our people at Crest Builder and am optimistic we will be able to continue to deliver sustainable earnings growth and provide exceptional value to our shareholders,” commented Eric Yong, Group Managing Director of Crest Builder.

Kuala Lumpur, 18 April 2019 – KIP Real Estate Investment Trust (“KIP REIT” or “Fund”), the first hybrid community-centric retail REIT listed on Bursa Malaysia today announced its third quarter results for the three-months period ended 31 March 2019 (“Q3FY2019”).

KIP REIT enjoyed higher occupancy rate in Q3FY2019 where it rose by over 2 percentage points to 88.3% in contrast to Q3FY2018. The completion of its solar photovoltaic system in December 2018 meant KIP REIT incurred lower utility expenses of RM2.2 million in the quarter under review (Q3FY2018: RM2.6 million).

For this quarter under review, KIP REIT also exceeded the Fund’s distribution policy of 90% by stating the Fund will be distributing 98% of its quarterly distributable income, amounting to RM7.6 million. This translates to a distribution per unit (“DPU”) of 1.51 sen. On an annualised basis, this gives a yield of 7% based on the latest closing price of 87 sen.

Revenue for the quarter was RM15.6 million whilst revenue for the corresponding quarter in the previous financial year was RM15.7 million. Profit after tax (“PAT”) declined by 16.7% to RM7.4 million, compared to the preceding financial year’s corresponding quarter. KIP REIT incurred increased in bank borrowings to finance the said solar system and also to finance the 3% deposit with regards to the acquisition of Aeon Mall Kinta City. KIP REIT’s borrowing cost increased to RM1.4 million in Q3FY2019 from Q3FY2018’s RM1 million.

For your information, the Fund achieved a revenue of RM46.9 million and PAT of RM22.5 million with a total declared DPU of 4.51 sen for the first 3 quarters of FY2019.


Commenting on the financial results, Dato’ Chew Lak Seong, Managing Director of KIP REIT Management Sdn Bhd (the Manager of KIP REIT) said, “I am proud to say that whilst the retail market remains challenging, the Fund was able to maintain its steady financial performance. I am confident that the Fund will continue to perform well. We will focus on the improvement of the overall occupancy rate and net income. In additional, we will continue to undertake asset enhancement initiatives to ensure stronger yield performance.

I am also pleased to announce that our unitholders had approved the acquisition of Aeon Mall Kinta City in Ipoh, which will contribute a gross yield of 7.8% per annum to KIP REIT. We are aiming to complete the acquisition by July 2019. While we explore the possible injection of our KIP Mall Kota Warisan into the Fund, we will continue to search for valuable assets with good yields as we aim to enlarge our asset size to RM2 billion within the next two years.”

APRIL 18, 2019, KUALA LUMPUR – Main Market-listed Impiana Hotels Berhad (“IHB” or “Group”), formerly known as Bio Osmo Berhad, is pleased to announce that Dato’ Seri Ismail @ Farouk bin Abdullah (“Dato’ Seri Farouk”), the brain child behind Impiana, has been appointed as Impiana’s Executive Chairman with effect from 18 April 2019.

Impiana Group, founded by Dato’ Seri Farouk in 1994, is principally involved in the development and management of hotels and resorts, travel and leisure, property development and education.

Dato' Seri Farouk, aged 73, has over five decades of global hospitality experience and knowledge. He served as an Independent Non-Executive Director of Shangri-La Hotels (Malaysia) Berhad from 1997 to 2018. He has held various senior management positions in both Hilton and Shangri-La. Presently, he holds directorship in a number of private limited companies.

In a statement, the Group’s Executive Director Azrin Kamaluddin said, “On behalf of the Board of Directors, I am pleased to welcome Dato’ Seri Farouk as the Group’s Executive Chairman. Dato’ Seri Farouk is a man on a mission to build a successful homegrown global hotel brand. The Board is confident that the Group will be able to capitalise on his vast foresight, invaluable experience and knowledge of this fast changing hospitality industry.”

“He is undoubtedly the right person to helm the company and steer it to greater heights.” He added

PRESS STATEMENT
By Consortium Zenith Construction Sdn Bhd

4 March 2019
Response to posts by Malaysia Today blog on the undersea tunnel and roads project
It has been brought to my attention that Malaysia Today, a political blog outfit run by Raja Petra Kamarudin had posted a series of nefarious posts in regards to the Penang undersea tunnel and roads project.

These blog posts are pure fiction and clearly concocted to deceive and defame me, my company and the Penang state government. Even Prime Minister Tun Dr Mahathir Mohamad had said it is a lie.

Lest we forget, I have been once remanded for 11 days by the Malaysian Anti Corruption Commission (MACC) for what was billed as an extensive investigation into the project.

Besides me, my entire company was called for questioning, spending a total of 40 days in and out of the MACC office, cooperating with every single aspect that was being investigated. This includes close scrutiny of our accounts.

The MACC had even hired external consultants to see if we were fair in our pricing. And clearly, given the magnitude of our project, our prices were fair, justified and above board.

May I remind all sceptics out there that this case was investigated and completed way before the change of government had taken place. There was plenty of time to level charges against me or anyone else alleged to receive bribes.

Today, my primary goal today is to put all of my resources into this project as soon as possible so we can kick off with what will be ultimately useful for the people of Penang in the long run.

It has been very challenging for me over the years to counter every single allegation, but yet the truth has always prevailed. I pray that God gives me the strength to persevere and complete the task as I am tasked to do.

Dato' Zarul Ahmad Bin Mohd Zulkifli
Senior Executive Director
Consortium Zenith Construction Sdn Bhd

Oil and Gas (“O&G”) service provider T7 Global Berhad (“T7 Global” or “The Group”) released its fourth quarter (“Q4FYE2018”) and full year (“FYE2018”) results for the financial year ended 31 December 2018.

For FYE2018, T7 Global’s profit after tax (PAT) increased from RM5.7 million in FYE2017 to RM10.8 million, translating to a 91% growth in FYE2018. The PAT growth was due to higher revenue and better profit margins. Gross profit grew by 24% from FYE2017’s RM24.7 million to FYE2018’s RM30.6 million. Bulk of the revenue came from its products and services division, which accounted for 56% of the top line, at RM118.3 million. The engineered packages division contributed the remaining 44% or RM92.1 million. The PAT margin increased from FYE2017’s 2.8% to 5.1% in FYE2018.

In view of the improved PAT, the basic earnings per share increased from 1.47 sen in FYE2017 to 2.60 sen in the FYE2018.

“2018 was a record-breaking year for T7 Global. The Group exceeded all its annual financial targets. The result was driven by the continuous improving performance across all of our businesses. While 2018 results itself is commendable, one should not only read the results in isolation. The past few years’ growth has been tremendous. The Group’s revenue and PAT compound annual growth rate (CAGR) since 2016 exceeded 50%,” said T7 Global Chairman Datuk Seri Dr Nik Norzrul Thani Nik Hassan Thani.

He added, “We are actively preparing for T7 Kilgour Sdn Bhd and expect to commence operations in the first half of 2019. This business segment will contribute to our Group in 2019 and also cement our position as a new leader in the aerospace industry and enable us to build a global leader in aerospace industry. As I look to the year ahead, we are embarking on a more fundamental business with a terrific leadership team and an improved market environment. At the same time, T7 Global is continuing to prepare for the future and is stepping up its growth strategy.”

VERTICE’S REVENUE SURGED BY 58%


KUALA LUMPUR, MALAYSIA – FEBRUARY 27, 2019

Vertice Berhad (“Vertice” or “the Group”) is pleased to announce its financial results for the quarter and year-to-date ended 31 December 2018. The Group announced on 27 November the change of its financial year end from 31 December 2018 to 15-months ending 31 March 2019.

For the quarter under review, the impressive 58%, year on year, increase in revenue to RM53.3 million was primarily attributed to the construction business on-going projects progressing with higher capacity in terms of value of work done which resulted in higher progress billings. The commencement of two new projects secured with contract values ranging from RM10 million to RM25 million and an existing contract with additional scope of works further improves the revenue for the current quarter as compared to preceding year corresponding quarter.

As compared to the preceding year corresponding quarter loss after tax of continuing operations of RM2.2 million, the current quarter profit after tax of RM0.3 million was mainly contributed by the construction business’ outstanding performance. The construction business recorded a RM1.6 million profit before tax (“PBT”) as compared to RM0.4 million achieved in the preceding year corresponding quarter.

The year-to-date revenue increased by 67% or RM80 million from RM120 million in preceding year corresponding period to RM201 million. The construction business contributed 77% or RM62 million out of the increase of RM80 million.

The construction business year-to-date PBT was RM4.1 million in contrast to RM0.7 million recorded in the preceding year corresponding period. This was achieved with more contracts secured and more progress billings in the current financial year as compared to last financial year. As a result of the increasing positive returns propelled by the construction division, the Group’s overall balance sheet improved significantly. Net asset per share rose to RM0.78 as at 31 December 2018 compared to the previous RM0.64 per share as at 31 December 2017.

In January 2019, the Group's construction arm, Vertice Construction Sdn Bhd, through its 50:50 joint venture company, Buildmarque Construction Sdn Bhd, accepted the letter of award of contract worth RM815 million for the construction of a by-pass from Bandar Baru Ayer Hitam connecting to Lebuhraya Tun Dr Lim Chong Eu (Package 2 of the Penang Mega Infrastructure Project) ("PMIP"). The project is expected to commence construction on 31 August 2019. It is expected to contribute positively to the Group’s financials.
To date, the Group has a total outstanding orderbook of over RM700 million which will contribute to the Group’s earnings visibility up to 2022. The Group’s balance sheet remains healthy with a current ratio of 3.25 times, gearing of 0.05% and a cash and cash equivalent position of RM37.4 million as at 31 December 2018.

To date, the Group has a total outstanding orderbook of over RM700 million which will contribute to the Group’s earnings visibility up to 2022. The Group’s balance sheet remains healthy with a current ratio of 3.25 times, gearing of 0.05% and a cash and cash equivalent position of RM37.4 million as at 31 December 2018.

Vertice Board of Directors commented, “We are delighted that our construction business continues to prosper and bringing in steady and increasing revenue and profits. This demonstrates that our construction arm is growing steadily.
In line with the Group's diversification initiatives, our construction business is continuously sourcing for new projects to enhance its order book. Such potential projects are expected to contribute positively to the Group’s financials. We are confident of securing more contracts from the PMIP in view that the said PMIP total contract value is RM6.0 billion (excluding Feasibility Study & Detailed Design worth RM305 million). With more packages being secured from the PMIP, the Group is expected to be kept busy for the next 10 years in terms of its construction business activities. The Group will continue with its diversification into infrastructure and property investment which will provide additional earnings streams which is expected to enhance the Group’s profitability and returns on shareholders’ funds.”

PETALING JAYA – FEBRUARY 27, 2019

Main Market listed Crest Builder Holdings Berhad (“Crest Builder” or “the Group”) today announced its fourth quarter (“Q4FYE2018”) and full year results for financial year ended December 31, 2018 (“FYE2018”).

FINANCIAL RESULTS
Fourth Quarter (Q4FYE2018) vs Corresponding Quarter Last Year (Q4FYE2017):

Q4FYE2018 Q4FYE2017
(RM’ 000) (RM’ 000)
Revenue 142,796 from 155,348 - down 8.1%
GP 50,117 from 34,017 - up 47.3%
PBT 22,895 from 14,960 - up 53.0%
PAT 17,087 from 8,591 - up 98.9%
PATAMI 16,786 from 7,781 - up 115.7%

Full Year (FYE2018) vs Corresponding Period Last Year (FYE2017):

FYE2018 FYE2017
(RM’ 000) (RM’ 000)
Revenue 595,409 from 498,294 - up 19.5%
GP 176,028 from 115,336 - up 52.6%
PBT 98,281 from 44,601 - up 120.4%
PAT 72,222 from 30,380 - up 137.7%
PATAMI 70,376 from 28,057 - up 150.8%

For Q4FYE2018, the Group’s revenue decreased by 8.1% to RM142.8 million while PBT surged by 53% to RM22.9 million as compared to the corresponding fourth quarter of the preceding year.

The construction division’s revenue of RM78.2 million was lower than Q4FYE2017’s RM92.2 million mainly due to completion of certain projects and minimal contribution from new projects. On the other hand, the division’s Q4FYE2018 PBT of RM10.4 million reported significantly higher than Q4FYE2017’s RM1.4 million mainly due to better profit margins contributed by certain projects undertaken and reversal of allowance for impairment on trade and other receivables.

The property development division recorded a revenue and PBT of RM49.2 million and RM12.6 million in Q4FY2018 versus Q4FYE2017’s RM47.5 million and RM8.7 million respectively. The division’s higher revenue and PBT were attributed to higher sales generated from its two completed projects namely Batu Tiga Phase 4 (Alam Sanjung) and Batu Tiga Phase 5 (Avenue Crest) and the development project, Batu Tiga Phase 2 (Residensi Hijauan).

Overall, incorporating Q4FYE2018 earnings, the Group reported a commendable set of results for FYE2018, registering double digit growth, year on year, for revenue while PBT and PAT doubled in value, registering RM98.3 million and RM72.2 million as compared to its corresponding period of RM44.6 million and RM30.4 million respectively.

The Group’s current outstanding construction order book stands at approximately RM1.1 billion which is expected to provide earnings visibility for the coming financial years and puts the Group in a good position to continue delivering sustainable earnings growth.

Dividend
In-line with the Group’s commitment to reward shareholders, the board of directors proposed a first and final tier dividend of 4.5 sen per ordinary share for FYE2018, subject to shareholders’ approval at the forthcoming AGM. This final dividend translates to a dividend yield of 4.5% based on today’s closing share price.

Statement by Crest Builder’s Group Managing Director Eric Yong
“I am extremely delighted to report yet again another record of full year results for the financial year ended 31 December 2018. The astonishing performance by the Group is mainly driven by our various on-going projects in the construction and property development divisions. For 2018, the Group has secured a total contract wins of RM596.1 million. Despite the challenging condition and dampened market sentiments, we are optimistic that our on-going development businesses will continue to deliver as we bid for more projects and work diligently to continue this momentum of positive growth and create value to our stakeholders and shareholders alike.” said Crest Builder Group Managing Director Eric Yong.

KUALA LUMPUR, 21 February 2019 – In recognition of the excellent service quality and performance provided, Daya Maxflo Sdn Bhd (“DMAX”) – a 86.5%-owned subsidiary of Daya Materials Berhad was recently awarded the first 2018 Platinum Award for Excellence as the best licensee of MCR Oil Tools, LLC (“MCR Oil Tools”). The award was presented by Mr. Michael Robertson, the President and CEO of MCR Oil Tools at DMAX Malaysia’s office.

Along with the presentation of this prestigious award, MCR Oil Tools has also extended its Licensing Agreement with DMAX for another period of three years with expanded geographical coverage.

As a licensee to MCR Oil Tools, DMAX provides Radial Cutting Torch (“RCT”) and other new MCR technology services to various oil & gas companies in Malaysia and also globally including the Kingdom of Saudi Arabia. The provision of this global license now allows DMAX to continue its rapid expansion and growth for its core business in RCT services in the new markets it is currently targeting countries within the Middle Eastern region such as Oman, Kuwait; South America, Africa and the Caspian territory.

DMAX is a specialized oilfield service company for pipe recovery, well intervention drilling and well abandonment, and production enhancement.

“We are indeed very honoured to have received this prestigious award from MCR Oil Tools and are pleased to have our Licensing Agreement extended with expanded geographical coverage which will allow us to expand our footprints as well as driving earnings for the Group. We will continue to work very hard and diligently to uphold the quality and standards that MCR Oil Tools has placed on DMAX.” Daya Group Executive Vice President Oil and Gas, Shamsul Saad says.

GREEN PACKET TO SHOWCASE THE
LATEST TECHNOLOGY BREAKTHROUGH IN MWC 2019
~ Green Packet will highlight some of the latest technology and solutions namely Intelligent Wifi Solution, Pre 5G CPE series and Vehicle IoT Gateway ~

Petaling Jaya, 20 February 2019 – Green Packet Berhad (‘Green Packet’), an internationally recognized telecommunications, media and technology company, will participate in Mobile World Congress (‘MWC’) in Barcelona, Spain from February 25 – 28. Founded in the heart of California’s Silicon Valley in 2000 and subsequently listed on the Malaysian Stock Exchange in 2005, Green Packet has been making multiple breakthroughs in technology space by designing and producing wireless devices, user-centred applications and services that enable the delivery of valuable digital experiences.

In this world largest mobile industry trade show organized by GMS Association, Green Packet will showcase an array of new and exciting offerings addressing the future of technology where it connects all devices and users using the most advanced technologies which delivers an enriching life experience, in line with the Company’s belief.

From February 25 – 28, attendees of MWC 2019 will have the first hands-on experience to all the new and latest solutions in addition to product demonstrations and presentations. Some of it which you cannot afford to miss it are: -

1. Intelligent WiFi Solution
With the innovative Intelligent WiFi solution, one can enjoy an uninterrupted connectivity as this solution eliminates WiFi coverage dead spot particularly on structure that have multiple walls with single SSID which solves the common problem that the network is slow while the regular wireless extender bars are full. Unlike typical mesh solution that suffers bandwidth loss of more than 50% under multiple hops condition when providing a full coverage, Green Packet’s Intelligent WiFi solution comes with STRONGLINK technology where the bandwidth loss is just about 10% (minimal bandwidth degradation).

2. Pre-5G CPE series
Being one of the key pioneers in CPE, Green Packet will launch the first Pre-5G CPE series in Q2 2019. Providing the world’s fastest wireless connections, Green Packet will showcase its prototype, carrying some of its features and specifications in MWC 2019. These Pre-5G CPE series comes with wifi connectivity where it supports a wide range of bands and mmWave (n257, n260 and n261). At the same time, it has voice capability and has an enhanced RF performance. When comes to the downlink speed, it is ranged between 2Gbps to 6Gbps depending on the band/spectrum utilization.

3. Vehicle IoT Gateway using Roadmio
As a total solution provider in fleet telematics industry, Roadmio offers vehicle IoT gateway, sensors, smartphone app and cloud-based data analytics as well as web-based application for family and enterprises. Using cellular connectivity of LTE, 3G and 2G, Roadmio acquires vehicle’s hidden data and provide real-time tracking and results. Incorporating accelerometer that provides an accurate impact and shock measurement plus providing in-car hotspot, Roadmio has been proven for improved driving safety as well as saving fuel expense, cutting emissions and enhancing efficiency.


4. New and exciting offerings in CPE devices
In MWC 2019, Green Packet will also showcase its new offerings such as LTE-A Pro, Cat.12, Cat.6 Indoor and Outdoor Gateway. Some of the key highlights in these devices are it comes with highly advanced LTE Outdoor gateway solution which is complied with 3GPP Release 12 Standard and a peak antenna gain of 16dBi (3.4 ~ 3.8GHz). Further to that, the CPE devices are IP67 compliant enclosures, rugged and cost effective which are capable to operate under an extreme weather condition; from -40’C to 55’C.

“In a world today where connectivity is at the centre of everything, we take pride in creating seamless and unified platforms by supplying indoor and outdoor devices for fixed and mobile wireless Internet to users. With MWC 2019 drawing near, we are deeply excited to showcase our latest innovation and we look forward to meeting you in Barcelona, Spain,” said Frodo Rao, CEO of Global Solutions Group, Green Packet (S) Pte. Ltd.

Making a Group revenue of USD $88.322 million and with total assets worth USD $136.606 million, Green Packet has served more than 100 clients in over 70 countries worldwide. In MWC 2019, Green Packet’s booth will be located at Stand 1C26 in Hall 1. Come visit and be the first few to experience our latest technology and solutions from February 25 - 28 at Barcelona, Spain.

PETALING JAYA – JANUARY 31, 2019

Main Market listed Crest Builder Holdings Berhad (“Crest Builder” or “the Group”), today is pleased to announce that its wholly own subsidiary, Crest Builder Sdn. Bhd. has accepted a letter of award by Techvance Properties Management Sdn Bhd for a total construction contract value of RM99.6 million.

The contract is for the construction of 26 storey hotel (180 rooms) which is to be built at Lot 1153, Seksyen 57, Lorong P Ramlee, Bandar Kuala Lumpur, Daerah Kuala Lumpur, Wilayah Perseketuan Kuala Lumpur which consists of:
• 7 storeys of car park
• 1 hotel lobby
• 2 storeys of restaurants
• 1 storey of “back of house”
• 13 storeys of hotel rooms
• 1 gym, spa and swimming pool

The construction works for the Project will take approximately 27 months from its scheduled commencement on 18th February 2019.

With this contract win, the Group’s current outstanding order book stands at approximately RM950 million which will provide earnings visibility for the next 3 years.

“We are delighted to have secured our first contract for 2019. Despite the challenging condition of the industry, we will continue to work hard and actively bid for more sustainable margin projects to replenish our order book. With our strong outstanding order book of approximately RM950 million, we expect this project to contribute positively to our top-line and bottom-line growth for the next few years,” said Crest Builder’s Group Managing Director Mr Eric Yong.

Kuala Lumpur – November 28, 2018

Oil and Gas (“O&G”) service provider T7 Global Berhad (“T7 Global” or “The Group”) released its third quarter results for the financial year ending September 30, 2018 (“Q3FYE2018”) today with revenue of RM 52.74 million and profit after tax (“PAT”) of RM2.12 million, mainly driven by contributions from our engineering packages unit and marine sector.

The RM52.74 million revenue was 38.6% higher during the quarter in review, from RM38.07 million in Q3FYE2017.

For the nine months ended September 30, 2018 (“3QFYE2018”), the Group witnessed a 62.7% surge in revenue to RM165.57 million, compared with RM101.76 million in the corresponding period, a year ago. The Group attributed the significant hike in revenue to contributions from several long term contracts from our engineering packages unit and marine sector. PAT rose 59.78% to RM6.04 million in Q3FYE2018, from RM3.78 million in Q3FYE2017.

T7 Global explained that for 3QFYE2018, both Product & Services and Engineered Packages business divisions reported steady revenue growth, with the Engineered Packages unit registering a revenue surge of 347.71% to RM79.20 million, from the nine months ended September 30, 2017 RM17.69 million. This was mainly driven by engineering packages and offshore equipment packages. The Products & Services division’s revenue expanded marginally by 2.74% to approximately RM86.37 million, from RM84.07 million during the same period, a year ago.

“I am delighted to announce a set of commendable results for the third quarter, as the Group records significant growth in revenue, mainly due to various ongoing projects. Despite the challenges seen in the O&G industry, we also see improvement in oil prices and also Petronas’ performance which was just announced recently which we foresee a growth in capital expenditure by Petronas for upcoming year. T7 Global will continue to focus on projects in the O&G sector and look into new ventures to grow the business. The recent announcement made in Budget 2019 that aerospace industry has been identified as one of the sub-sectors in focus in the second half of 11th Malaysia Plan 2016-2020 bodes well with the Group’s diversification into the aerospace business,” said T7 Global Chairman Datuk Seri Dr Nik Norzrul Thani Nik Hassan Thani.

He added that the Group will look into leveraging on this new business opportunity. We will build, operate and set up a metal treatment plant in Malaysia to pursue high value manufacturing businesses in metal treatment. Our new metal treatment plant, scheduled to start operations by mid-2019, is expected to contribute to the Group’s revenue.

Yes the Group won RM31m in the law suit but with RM25m recognized previously, so this Q is to gain RM6m. But the counter claim won RM30m. So its a net loss of RM24m in this court case. With the land gain sale of RM25m, difference is RM1m of non core earnings.

PETALING JAYA – NOVEMBER 21, 2018
Main Market listed Crest Builder Holdings Berhad (“Crest Builder” or “the Group”), today announced its third quarter results for the financial year ending December 31, 2018 (“Q3FYE2018”) as follows:

FINANCIAL RESULTS

Q3FYE2018 vs Q3FYE2017

Revenue increased from RM137.24 million to RM198.21 million, representing an increase of 29.0%
Gross Profit (GP) increased from RM22.57 million to RM63.71 million, representing an increase of 182.3%
Profit Before Tax (PBT) increased from RM8.99 million to RM44.99 million, representing an increase of 400.4%
Profit After Tax (PAT) increased from RM7.55 million to RM34.30 million, representing an increase of 354.3%
Profit After Tax And Minority Interest (PATAMI) increased from RM6.90 million to RM33.83 million, representing an increase of 390.3%

9MFYE2018 vs 9MFYE2017

Revenue increased from RM342.95 million to RM474.46 million, representing an increase of 32.0%
Gross Profit (GP) increased from RM81.32 million to RM125.91 million, representing an increase of 54.8%
Profit Before Tax (PBT) increased from RM30.50 million to RM75.39 million, representing an increase of 147.1%
Profit After Tax (PAT) increased from RM21.79 million to RM55.14 million, representing an increase of 153.0%
Profit After Tax And Minority Interest (PATAMI) increased from RM20.28 million to RM53.59 million, representing an increase of 164.3%

The significant increase in the Group’s revenue and profit was due to higher contributions from the construction and property development divisions. During the quarter in review, the construction unit registered RM211.3 million revenue as compared to its corresponding period of RM230.6 million in 9MFYE2017.

On the other hand, the property development division reported a higher revenue of RM194.8 million as compared to its corresponding period of RM64.9 million in 9MFYE2017. This was mainly attributed to higher sales from two completed projects, namely Alam Sanjung (Batu Tiga Phase 4), Avenue Crest (Batu Tiga Phase 5) and Residensi Hijauan (Batu Tiga Phase 2), as well as a gain of disposal of land held for property development.

As at September 30, 2018, the Group’s current outstanding construction order book stood at approximately RM1.1 billion with year-to-date contract wins of RM625.9 million. This strong order book is expected to provide earnings visibility for the coming financial years.

“I am very pleased to announce that the cumulative revenue and profit for the three quarters ended September 30, 2018 exceeded 2017’s financial performance. The outstanding performance is primarily driven by Crest Builder’s construction and property development divisions’ growing performance. Despite the challenging economic landscape, we are optimistic that ongoing developments of our businesses will continue to provide clear earnings visibility and value to our shareholders,” said Crest Builder’s Group Managing Director Mr Eric Yong.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5978881

KUALA LUMPUR (Oct 29): Vizione Holdings Bhd’s net profit leapt 28 times to RM15.02 million for the first financial quarter ended August 31, 2018 (1QFY19) from RM529,000 a year ago thanks to higher contributions from construction projects.

This brought up earnings per share to 0.41 sen versus 0.06 sen per share in the corresponding quarter of the previous year.

In a Bursa filing today, Vizione said quarterly revenue soared seven times to RM159.51 million from RM21.34 million a year ago due to construction work undertaken by the group’s subsidiary Wira Syukur (M) Sdn Bhd (WSSB), a company that was acquired by the group on Oct 9, 2017.

It said WSSB has a substantial order book of approximately RM3.91 billion comprising projects awarded by the local government and developers in Malaysia.

Going forward, the immediate future is expected to be challenging for the industry. However Vizione said it is confident of waddling through these challenges by managing operational risks and maximising resources.

The group added that it foresees great opportunities in the wake of the government’s fiscal policy in building more affordable homes in the short to medium term.

Shares of Vizione dropped 0.5 sen to 90.5 sen, for a market capitalisation of RM505.69 million.

Source: The Edge Markets
http://www.theedgemarkets.com/article/viziones-1q-net-profit-jumps-28-times-rm1502-mil-higher-construction-earnings

KUALA LUMPUR, MALAYSIA – OCTOBER 29, 2018

Main board-listed Vizione Holdings Berhad (“Vizione” or “the Group”), announced today that it posted higher earnings and revenue for the first quarter ended August 31, 2018 (“Q1FY2019”), owing to ongoing major infrastructure projects.

For the quarter in review, the Group’s profit after tax (PAT) rose 36% or RM3.98mil to RM15.02mil from RM11.05mil in the previous quarter, a year ago (Q4FY2018), on the back of a 44.09% increase in revenue to RM159.51mil in Q1FY2019 from RM110.70mil in Q4FY2019. The group’s profit before tax also rose 34.49% to RM20.57mil during the period.

With the better performance, the Kuala Lumpur based integrated construction outfit is on track to fulfil the RM82.6mil profit guarantee from the acquisition of Wira Syukur (M) Sdn Bhd (“WSSB”). WSSB registered a PAT of RM28.6mil for FYE2017 and based on the profit guarantee, the company is required to deliver a PAT of RM54.0mil from January 1 to December 31, 2018.

Meanwhile, from December 1, 2017 to August 31, 2018, Vizione booked a PAT of RM34.1mil, which brings the outstanding amount to about RM20mil. With the projects it recently secured, namely the RM815mil Penang Mega Infrastructure Project Package 2 and Submarine Pipelines Project worth RM89.9mil, Vizione is confident that it would deliver the profit guarantee.

The Group’s balance sheet remains resilient with a current ratio of 1.80 times and net cash of RM19.38mil. To date, the Group has an outstanding order book of approximately RM3.3bil that would contribute to earnings visibility up to 2022.

Additionally, the group had completed the seven-to-one share consolidation exercise on October 15, 2018 to reduce excess liquidity. With the corporate exercise, the number of shares has been reduced from 3.91 billion to 558.77 million. The group believes the move will inevitably raise Vizione’s profile and put it on investors’ radar.

Vizione’s Managing Director, Dato’ Ng Aun Hooi commented, “Despite the challenges seen in the construction industry, we have somewhat continued the momentum in delivering good financial results. That said, we are confident and well poised to ride through hurdles by managing operational risks and maximising resources in hand. We will also continue to see great opportunities in the wake of the new government’s fiscal policy in building more affordable homes in the short to medium term, as reflected in their manifesto to construct one million affordable houses within two terms of administration. On that note, the Group has been working on selective jobs with manageable risks that aligns with its business strategy.”

“Additionally, we will continue to expand our regional footprint and position our capabilities to undertake work in our new business segments, namely civil engineering and infrastructure works. These new segments are expected to benefit us in the near and longer term, as the market propels through increasing levels of activities. Moving forward, the Group expects the Government to roll out incentives to drive and promote the construction industry that could further stimulate the economy. With our healthy balance sheet and net cash position, as well as strong outstanding order book of RM3.3bil, we expect to continue the performance, meeting the expectations of shareholders and stakeholders alike.” he added.

Crest Builder Holdings Berhad (“Crest Builder” or “the Group”), today announced its second quarter results for the financial year ending 31 December 2018 (“Q2FY2018”).

Q2FYE2018 vs Q2FYE2017

Revenue increased from RM110.68 million to RM151.26 million, representing an increase of 36.7%
Gross Profit (GP) increased from RM30.48 million to RM34.64 million, representing an increase of 13.6%
Profit Before Tax (PBT) increased from RM11.54 million to RM17.93 million, representing an increase of 55.4%
Profit After Tax (PAT) increased from RM7.65 million to RM12.59 million, representing an increase of 64.6%
Profit After Tax And Minority Interest (PATAMI) increased from RM7.65 million to RM12.59 million, representing an increase of 68.3%

1HFYE2018 vs 1HFYE2017

Revenue increased from RM205.71 million to RM275.56 million, representing an increase of 34.0%
Gross Profit (GP) increased from RM58.75 million to RM62.20 million, representing an increase of 5.9%
Profit Before Tax (PBT) increased from RM21.51 million to RM30.40 million, representing an increase of 41.3%
Profit After Tax (PAT) increased from RM14.24 million to RM20.84 million, representing an increase of 46.3%
Profit After Tax And Minority Interest (PATAMI) increased from RM13.38 million to RM19.76 million, representing an increase of 47.7%

The commendable increase in the Group’s top line and bottom line was mainly attributed to construction and property development divisions. During the quarter under review, the Group’s construction division registered a higher revenue of RM144.9 million, from RM134.7 million in 1HFYE2017, lifted by higher construction progress recognised from certain projects, namely Quarza KL East project. Correspondingly, the property development division delivered a higher revenue of RM99.6 million, mainly attributed to higher sales from two (2) completed projects, namely Alam Sanjung (Batu Tiga Phase 4), and Avenue Crest (Batu Tiga Phase 5) as well as a new development project called Residensi Hijauan (Batu Tiga Phase 2), which was launched in the third quarter of 2017.

As at June 30, 2018, the Group’s current outstanding construction order book stood at approximately RM1.1 billion with year-to-date (“YTD”) contract wins amounting to RM625.9 million. This huge order book will provide earnings visibility for the coming financial years and enhances the Group’s position in delivering sustainable earnings growth.

“I am extremely delighted to announce a strong second quarter performance for the first half of fiscal year ending December 31, 2018, as the Group records significant growth in revenue and earnings as compared to the preceding period, mainly due to various ongoing projects. Subsequently, our outstanding order book stands at approximately RM1.1 billion, excluding upcoming property launches in the pipeline. While the property market remains challenging, we are optimistic of the ongoing developments in the property sector and the changes that will be made by the new Government to see the sector grow. With a clear and driven focus to grow our business, we will continue to actively bid for more construction projects in the near future. Moving forward, we expect our positive earnings momentum to continue as we strive to deliver sustainable financial results and create value for our shareholders,” said Group Managing Director of Crest Builder Mr. Eric Yong.

T7 Global Berhad (“T7 Global” or the “Group”), a Malaysian-based international service provider in the oil and gas (“O&G”) industry announced today that its revenue for the period ended June 30, 2018 (“Q2FYE2018”) rose 69.6% to RM57.3 million as compared to its corresponding quarter last year (“Q2FYE2017”) of RM33.8 million. The growth in revenue was driven by contributions from the Origins and construction work request (“CWR”) contract secured from PETRONAS.

In line with the higher revenue, the Group reported a profit after tax (“PAT”) of RM2.1 million for the current quarter under review. This was a significant improvement of more than 100% compared to the PAT of RM0.3 million for Q2FYE2017.

The Group generated a revenue of RM112.8 million for the six months ended June 30, 2018 (“1HFYE2018”), translating to an increase of 77.1% compared to its corresponding period last year (“1HFYE2017”) of RM63.7 million. PAT rose by 577.2%, from RM0.6 million in 1HFYE2017 to RM3.9 million in 1HFYE2018.

For the financial year under review, both the Product & Services and Engineered Packages business divisions reported robust revenue growth. The Product & Services division remained as the main revenue driver for the Group, reporting a revenue of RM58.8 million in 1HFYE2018, an increase of 10.3% compared to 1HFYE2017. On the other hand, revenue from the Engineered Packages division grew significantly by 420.5% to RM54.1 million in 1HFYE2018 from RM10.4 million in 1HFYE2017.

“We are pleased to have delivered another positive set of results for our shareholders. We will continue to deliver our plans and grow our business segments, and position T7 Global with a strong focus on costs, efficiency and discipline in capital spending. We delivered consistent performance in the first half of 2018 and have considerable strategic momentum as we move into the rest of the year.” said Datuk Seri Dr Nik Norzrul Thani bin Nik Hassan Thani, Chairman of T7 Global Berhad.

In view of the improved PAT, the basic earnings per share has increased from 0.08 sen in Q2FYE2017 to 0.49 sen in Q2FYE2018.

In addition, the Group had recently obtained its shareholders’ approval on the recent proposed private placement of up to 20% of the issued shares of T7 Global, proposed share buy-back of up to 10% of the issued shares of T7 Global and proposed diversification of the existing principal activities of T7 Global and its subsidiaries to include manufacturing and treatment of aerospace parts during its Extraordinary General Meeting which convened on 20 August 2018.

PETALING JAYA, 10 AUGUST 2018 – Green Packet Berhad’s (“Green Packet” or “the Group”) Joint Venture company (“JV”), Funsea Interactive Entertainment (M) Sdn Bhd (“Funsea Interactive”) entered into a partnership with Apigate to enable Direct Carrier Billing (DCB) for Celcom’s customers.

DCB is traditionally used by mobile content creators and developers to facilitate payment for their in-app purchase and subscription services by end users. It allows end users to make payments for their purchases by charging payments to their mobile operator’s post-paid and pre-paid bill. Funsea Interactive will be able to facilitate payment for their OTT content related games, music and video-based apps to more than 9.6 million Celcom subscribers in Malaysia through the DCB payment facility offered by Apigate.

According to the latest report by Technavio, the global DCB market is expected to register a CAGR of nearly 9% during 2018-2022. DCB fills a significant gap in the online payments ecosystem in Malaysia especially for mobile content purchase. Smartphones have rapidly become the preferred device for most Malaysians to stay connected, with more and more users opting for adequate payment facility for premium mobile content. According to the survey by Malaysian Communications and Multimedia Commission (“MCMC”) done in 2017, the percentage of smartphone users in Malaysia was 75.9% however, only 18.0% are using their credit card for mobile payments. This indicated a large part of the population has access to smartphone content but are unable to pay for premium content.

Incorporated in 2017, Apigate, a subsidiary of Axiata Digital, has built a network of global and regional partners that allows Funsea Interactive to leverage on the 3.1 billion customer footprint and more than 110 MNOs across Asia, the Middle East, Africa, and Latin America. From this collaboration, Funsea Interactive’s involvement in content creation and distribution, particularly in the Southeast Asian region could expand further.

“It is a great honour for us to be able to partner with Apigate as this is another significant milestone in the implementation of our strategy for the development of a seamless payment system whereby users can make convenient and safe payments for their favourite games, music and video apps by billing to their post-paid or pre-paid accounts. As Funsea Interactive is committed to constantly enhance consumers’ experience, direct carrier billing is a step ahead in providing an avenue for a frictionless platform-customer relationship,” commented Mr. Tan Kay Yen, Group Chief Executive Officer and Executive Director of Green Packet Berhad.

“The popularity of DCB is attributed to its more user-friendly payment experience where users would not need to sign in or create an account to make payments, nor do they need to share their personal data online. For Funsea Interactive, our strategic decision is to deepen our involvement in content creation and distribution, particularly in the Southeast Asian region, which will be increasingly pivotal as our Group continues to grow its ecosystem,” Mr. Tan added.

Chief Executive Officer of Apigate, Zoran Vasiljev says, “This collaboration adds value to Apigate by tapping into the Malaysian segment who are opting for the convenience of paying for their digital consumption via their post-paid or pre-paid phone bill. Further to this, we look forward to create a long-term collaboration with Funsea Interactive and derive mutual benefits from scale, faster delivery, and richer content for the underserved segment across our footprint in Asia, Middle East, Africa, Europe, and Latin America.”