VT can distribute the shares of associates to shareholders like what mulpha did with its mudajaya's shares.

The group should be trimmed. Too complex, lose focus and costly to monitor, etc. Hard4fund Managers to value too

Kawan Food (KWNF) is at RM1.850 (+1.09%)

http://uk.investing.com/equities/kawan-food-bhd?utm_source=investing_app&utm_medium=share_link&utm_campaign=share_instrument

Malton (MLTO) is at RM0.395 (-1.25%)

http://uk.investing.com/equities/malton-bhd?utm_source=investing_app&utm_medium=share_link&utm_campaign=share_instrument

Semoga vt dapat unlock the value of bjcorp, tak perlu tunggu sampai dia dah mati & anaknya pulak lakukan semua

SUBSIDIARIES
Berjaya Land Berhad
(Registration No. 199001010193 [201765-A])
Sports Toto Berhad
(Registration No. 196901000688 [9109-K])
Berjaya Food Berhad
(Registration No. 200901032946 [876057-U])
REDtone Digital Berhad
(Registration No. 200201028701 [596364-U])
RELATED COMPANIES
Berjaya Assets Berhad
(Registration No. 196001000237 [3907-W])
Berjaya Media Berhad
(Registration No. 199401004922 [290601-T])
7-Eleven Malaysia Holdings Berhad
(Registration No. 201301028701 [1058531-W])

3-4 core biz dah cukup. Bagus, jualkan yg lain.

The Group is a diversified entity engaged in the following core businesses:
Consumer Marketing, Direct Selling & Retail
Financial Services
Hotels, Resorts, Vacation Timeshare & Recreation Development
Property Investment and Development
Gaming & Lottery Management
Environmental Services and Clean Technology Investment
Motor Trading and Distribution
Food & Beverage
Telecommunications and Information Technology-related Services and Products

Save Print Back

6181 MALTON MALTON BHD
Change in Boardroom
Date of Change: 03/07/2023
Type of Change: Appointment
Designation: Others
Directorate: Ind & N/Exec
Name: BAHARUM BIN HARUN
Age: 63
Country:
Nationality: Malaysia
Qualifications:
Working Experience and Occupation:
He worked for the Malaysian Government for 21 years.1979 to 1984 - He
joined the office of former Prime Minister, Tunku Abdul Rahman Putra
Al-HajApril 1984 to 2000 - Prime Minister's Department as an Administrative
Officer 2000 to 2019 - Personal Assistant to Tan Sri Datuk Ab Aziz Bin Ismail
assisting in corporate affairs2020 to date - Advisory projects
Directorship of public companies (if any):
Nil
Family relationship with any director and/or major shareholder of the listed issuer:
Nil
Details of any interest in the securities of the listed issuer or its subsidiaries:
Nil
Remarks:
You are advised to read the entire contents of the announcement or attachment.
To read the entire contents of the announcement or attachment, please access
the Bursa website at http://www.bursamalaysia.com
Submitted By:

03/07/2023 07:00 AM


Ref Code: 202307033300131

Accumulated share buyback.. 450mil shares+++

Yearly share dividend takda issue

Ada banyak treasury syer untuk dividen for years to come terbaik

3395 BJCORP BERJAYA CORPORATION BHD
Notice of SBB by a Company Pursuant to Section 127 (16) of CA 2016
Date of Buy Back : 26/12/2023 to 29/12/2023
No. of Shares Purchased : 13,718,000 shares
Minimum Price Paid For Each Share Purchased : RM 0.285
Maximum Price Paid For Each Share Purchased : RM 0.290
Total Amount Paid For Shares Purchased : RM 3,958,540.19
Shares Were Purchased Through : Bursa Malaysia Securities Berhad
No. of Shares Purchased Retained in Treasury : 13,718,000 shares
Total No. of Shares Retained in Treasury : 451,287,527 shares
Total Issued Capital as Diminished :
Date Lodged With Registrar of Company : 03/01/2024
Lodged By : Tham Lai Heng Michelle
Remarks:
You are advised to read the entire contents of the announcement or attachment.
To read the entire contents of the announcement or attachment, please access
the Bursa website at http://www.bursamalaysia.com
Submitted By:

03/01/2024 07:00 AM


Ref Code: 202401034300213

New CEO pun labur Dan guna duit sendiri untuk 3.33juta kawan syer

Sungguh yakin.harga syer akan fly

Pandian, investors are waiting to see what value can you add to kawan with your background, etc...


Save Print Back

7216 KAWAN KAWAN FOOD BHD
Change in Principal Officer
Date of Change: 01/01/2024
Type of Change: Appointment
Designation: Others
Directorate:
Name: ADAM PANDIAN
Age: 61
Country: Singapore
Nationality: Singapore
Qualifications:
Working Experience and Occupation:
You are advised to read the entire contents of the announcement or
attachment. To read the entire contents of the announcement or attachment,
please access the Bursa website at http://www.bursamalaysia.com
Directorship of public companies (if any):
None
Family relationship with any director and/or major shareholder of the listed issuer:
None
Details of any interest in the securities of the listed issuer or its subsidiaries:
Direct interest - 3,330,000 ordinary shares in the Company.
Remarks:
You are advised to read the entire contents of the announcement or attachment.
To read the entire contents of the announcement or attachment, please access
the Bursa website at http://www.bursamalaysia.com
Submitted By:

29/12/2023 07:00 AM


Ref Code: 202312295200104

tak banyak syer... bagus

Share Issued362.581m Market Cap663.524m

malton is free to do whatever it likes ... a great burden is gone.

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONS MALTON BERHAD ("MALTON" OR "COMPANY") DISPOSAL BY REGAL PATH SDN BHD, A 51% JOINT VENTURE OF MALTON, OF THE PAVILION BUKIT JALIL MALL TO PAVILION REAL ESTATE INVESTMENT TRUST FOR A TOTAL INDICATIVE DISPOSAL CONSIDERATION OF RM2,200,000,000 ("DISPOSAL")
MALTON BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
Description
MALTON BERHAD ("MALTON" OR "COMPANY") DISPOSAL BY REGAL PATH SDN BHD, A 51% JOINT VENTURE OF MALTON, OF THE PAVILION BUKIT JALIL MALL TO PAVILION REAL ESTATE INVESTMENT TRUST FOR A TOTAL INDICATIVE DISPOSAL CONSIDERATION OF RM2,200,000,000 ("DISPOSAL")
We refer to the Company's announcements dated 22 November 2022, 12 December 2022, 12 January 2023, 22 March 2023, 2 May 2023, 15 May 2023 and the Company’s circular dated 3 March 2023 in relation to the Disposal ("Circular"). Unless otherwise stated, the definitions used herein shall have the same meaning as defined in the said announcements and Circular.



On behalf of the Board, RHB Investment Bank wishes to announce that the Disposal has been completed today following the receipt of the Completion Date Payment today in accordance with the terms and conditions of the CSPA.



The Balance Consideration shall be satisfied in the manner set out in Paragraph 2.1(b) of Appendix I of the Circular.



This announcement is dated 1 June 2023.





Announcement Info
Company Name MALTON BERHAD
Stock Name MALTON
Date Announced 01 Jun 2023
Category General Announcement for PLC
Reference Number GA1-01062023-00048

Segmental Reporting
a) Analysis of revenue and results by business segments for the financial period ended 30
September 2023:
Property
development
RM’000
Property
trading
RM’000
Construction
contracts
RM’000
Others
RM’000
Elimination
RM’000
Total
RM’000
Revenue
External Sales 66,264 11,703 50,329 1,665 - 129,961
Inter-segment Sales - - 8,125 12,320 (20,445) -
Total revenue 66,264 11,703 58,454 13,985 (20,445) 129,961
Results
Segmental results 9,793 107 6,276 7,837 (12,184) 11,829
Interest and
distribution income 574
Profit from operations 12,403
Finance costs (9,819)
Share in results of
associated company
and joint ventures (125)
Profit before tax 2,459
Income tax expense (771)
Profit for the period 1,688

Prospects for the Next Financial Year Ending 30 June 2024
Moving forward, the Group expects a gradual recovery in the property development industry on
improved market sentiments along with Bank Negara Malaysia’s announcement in September
2023 to maintain its overnight policy rate (OPR) at 3% and expectations that the OPR will remain
unchanged this year. Stable OPR will bring confidence to the real estate market, which will then
have a broader positive impact on the overall economy.
Furthermore, with a total allocation of RM393.8 billion, Budget 2024 amongst others, aim to
transform the nation’s economy and improving the quality of life for all Malaysians. Several
positive measures are undertaken by the Government such as relaxation of Malaysia My Second
Home (MM2H) applications, increasing the Housing Credit Guarantee Scheme up to RM10
billion for the benefit of 40,000 borrowers are expected to boost the property sector demands.

Rm'000

EQUITY AND LIABILITIES
Capital and reserves
Share capital 528,552 528,552
Other reserves 2,938 2,938
Retained earnings 390,480 388,779
921,970 920,269
Non-controlling Interests 2,006 2,019
Total equity 923,976 922,288

https://riverpark.com.my/?gclid=EAIaIQobChMIvI6B7trCgwMVM6NmAh355g9bEAAYASAAEgLw6vD_BwE

bjcorp is undervalued... sell off non-core biz... tidy up the biz segments.. Rm1++ should be feasible.. VT saleman background, apa pun mau buat,,,, bjcorp macam rojak je... tidy up, declutter, rm1++ boleh jadi... dividen konsisten balik, terpenting

Share Issued5.962b
Market Cap1.699b

Cash per share ~26sen++

Cash RM1.5bil+++
BERJAYA CORPORATION BERHAD
Registration Number: 200101019033 (554790-X)
UNAUDITED INTERIM FINANCIAL REPORT FOR THE PERIOD ENDED 30 SEPTEMBER 2023
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS
3 months ended
30/09/2023 30/09/2022
RM'000 RM'000
CASH FLOW FROM OPERATING ACTIVITIES
Receipts from operations 2,682,837 2,418,827
Payments for operating expenses (2,545,105) (2,134,257)
Payment of taxes (73,339) (71,146)
Other (payments)/receipts (including tax refunds) (13,010) 10,492
Net cash generated from operating activities 51,383 223,916
CASH FLOW FROM INVESTING ACTIVITIES
Disposal of property, plant and equipment and non-current assets 318 15,494
Disposal of investments in subsidiary companies 97,599 35,126
Disposal of investments in associated companies and joint venture 7,345 22,630
Disposal of other investments and short term investments 68,359 54,918
Disposal of a foreign hotel business operations 64,423 -
Acquisition of property, plant and equipment and non-current assets (62,774) (132,740)
Acquisition of investments in subsidiary companies (114,887) (72,371)
Acquisition of investments in associated companies and joint venture (6,544) (45,282)
Acquisition of other investments and short term investments (144,413) (96,368)
Acquisition of treasury shares by subsidiary company (23,551) (39,891)
Interest received 7,611 12,780
Dividend received 10,964 40,869
Net repayment from joint ventures and associated companies 7,254 2,857
Other receipts/(payments) 47,855 (7,608)
Net cash used in investing activities (40,441) (209,586)
CASH FLOW FROM FINANCING ACTIVITIES
Issuance of share capital to non-controlling interests of subsidiary companies 1,289 14,898
Issuance of medium term notes by subsidiary companies 58,640 6,630
Redemption of medium term notes by subsidiary companies (6,630) (8,180)
Dividends paid to non-controlling interests of subsidiary companies (17,268) (17,862)
Interest paid (101,360) (88,800)
Drawdown of bank and other borrowings 504,947 573,030
Repayment of bank and other borrowings (373,418) (339,315)
Payment of lease liabilities (61,600) (79,216)
Net placement with banks as security pledges for borrowings (11,184) (40,132)
Net cash (used in)/generated from financing activities (6,584) 21,053
NET CHANGE IN CASH AND CASH EQUIVALENTS 4,358 35,383
OPENING CASH AND CASH EQUIVALENTS 1,548,515 1,085,172
Effect of exchange rate changes 16,401 23,522
CLOSING CASH AND CASH EQUIVALENTS 1,569,274 1,144,077
Cash and cash equivalents carried forward comprise: RM'000 RM'000
Deposits with financial institutions 921,983 702,645
Cash and bank balances 793,245 751,932
Bank overdraft (included under short term borrowings) (51,762) (57,459)
1,663,466 1,397,118
Less :
Remisiers' deposit held in trust (12,796) (10,937)
Cash and cash equivalents restricted in use (102,797) (242,104)
1,547,873 1,144,077
Including: Cash and cash equivalents classified as held for sale 21,401 -
1,569,274 1,144,077

YTL rebounded from 50sen++ to rm2++, bJCORP 29SEN ----> rm1++ SHOULD BE DOABLE TAK KAN VT JAUH LEBIH B0D0H drp Francis yeoh hahaha

sell off all non-core biz... good move.. improve PE, ROE, dividend :)

net assets per share Rm1.06... should be p/b =0.5 at least.... 53sen... dividend should be consistent... share or cash dividend... VT should focus on boosting bjcorp price the parent... bjfood was a success.. after share split, bonus shares... above 60sen even now

nta rm1.75

malton is very cash rich now.... done deal

2023-03-23
Pavilion REIT Unitholders Greenlight RM2.2 Bil Pavilion Bukit Jalil Mall Acquisition

2024 post pandemic first dividend... back to untung as reported

30-Oct-2019 29-Nov-2019 DIVIDEND First and Final Dividend RM 0.015
30-Oct-2018 28-Nov-2018 DIVIDEND First and Final Dividend RM 0.02
31-Oct-2017 29-Nov-2017 DIVIDEND First and Final Dividend RM 0.025
27-Oct-2016 29-Nov-2016 DIVIDEND First and Final Dividend 2.5%
29-Oct-2015 29-Dec-2015 DIVIDEND First and Final Dividend 3.0000%
28-Oct-2014 29-Dec-2014 DIVIDEND First and Final Dividend 3%
30-Oct-2013 27-Dec-2013 DIVIDEND First and Final Dividend 2.5%
31-Oct-2012 26-Dec-2012 DIVIDEND First and Final Dividend 2.5%
01-Nov-2011 28-Dec-2011 DIVIDEND Final Dividend 2%
27-May-2011 08-Jun-2011 RIGHTS_ISSUE Rights Issue 2 : 5
30-Dec-2010 29-Dec-2010 DIVIDEND Final Dividend 1.5%
20-Nov-2007 11-Dec-2007 DIVIDEND First and Final Dividend 1%
20-Nov-2003 10-Feb-2004 DIVIDEND Final Dividend RM 0.1
23-Nov-2002 13-Feb-2003 DIVIDEND Final Dividend RM 0.035
25-Feb-2002 22-Feb-2002 OTHERS Others 1 : 2
20-Feb-2002 19-Feb-2002 BONUS_ISSUE Bonus Issue 1 : 1

2024... dividend restarts liekly... ada untung dah...

buy first

buy some... back to profitability



Thursday, 30 Nov 2023
5:44PM
MALTON 1Q net profit 1.688 million

KUALA LUMPUR (Dec 29): Berjaya Corp Bhd (BCorp) said the group is seeking an extension of the deadline to complete the transfer of its shares in its waste management unit, Berjaya Enviro Holdings Sdn Bhd (BEnviro), to Naza Corp Holdings Bhd.

In a bourse filing on Friday, BCorp said BEnviro had sought from the Public Private Partnership Unit in the Prime Minister’s Department and Sustainable Energy Development Authority Malaysia (SEDA) an extension of time from Dec 31 to a later date, or after obtaining approval from the Energy Commission of Malaysia.

BCorp had announced the sale of its 100% stake in BEnviro to Naza Corp for RM700 million cash in July.


The price tag is based on a valuation of forward 18.4 times price-earnings ratio (PE) on the back of an estimated three-year profit guarantee of RM38 million per annum and price-to-book value of 3.6 times.

However, BCorp is selling BEnviro at a PE of more than 45 times based on BEnviro’s pre-tax profit of RM15.4 million on the back of RM47.7 million in revenue in 2022.

BCorp had acquired the 40% stake it did not own in BEnviro from KUB Malaysia Bhd for RM80 million cash in 2020. Based on back-of-the-envelope calculations then, the deal valued BEnviro at almost RM200 million, indicating that BCorp had raked in more than RM500 million from the disposal of the asset.

BCorp said it would need to obtain its shareholders' approval for the disposal of BEnviro.

The disposal is deemed a related party transaction, as Tan’s daughter Chryseis is married to businessman SM Faliq Nasimuddin, who is the deputy group executive chairman of Naza Corp.

BCorp's share price closed up 0.5 sen or 1.75% to 29 sen, giving the group a market capitalisation of RM1.73 billion.

FY: 30-Jun-2024
Amount
6.0000 : 100.0000
Ex Date
10-Jan-2024
Entitlement Date
11-Jan-2024
Description
Distribution of share dividend on the basis of six (6) treasury shares for every one hundred (100) existing ordinary shares

About BERJAYA CORPORATION BHD
Berjaya Corp Bhd is a Malaysia-based conglomerate that is engaged in financial services, consumer products marketing, property investment, hotel operation, gaming, restaurant operation, and others. The consumer products marketing segment and the gaming segment are the two largest segments by revenue contribution, jointly accounting for the majority of the company?s sales. The company?s marketing businesses are carried out through marketing company Cosway and organic product provider Country Farms. The gaming and related services businesses are primarily carried out through Toto-betting-business operator Sports Toto Malaysia and Berjaya Philippines. The company generates the majority of its revenue from the Malaysian domestic market.

How to be entitled
To be entitled for any of the above, you need to purchase the shares one trading day before the ex-Date. You will not be entitled for the above if you purchase the shares on or after the ex-Date.

On ex-Date, the price will be adjusted to reflect the theoretical market price of the stock after the entitlement. You can sell the shares on / after ex-Date and still be entitled to the corporate exercise. The key is to purchase the shares before ex-Date.

VT started to focus on bjcorp probably. share buyback non-stop.. sold a subsi to son-in-law. focus on related core biz,,,, unrelated biz sold to others

accumlate some.... bjfood has risen a lot after bonus shares, share split, etc etc.

bjcorp, the parent co.... focus too.... $$$$$$$$$$$$$$$$$$$$$$$$$$

more2come. 2023-12-29

Principal Officer

Group Chief Executive Officer Appointment - MR ADAM PANDIAN on 01-Jan-2024.

Mflour below RM1, msm sentiasa rugi pun rm1.3++ :)

PE below 10, sapu je

Bottom out at 33sen, uptrend started

Good buy uptrend

Uptrend , above 1.8++, new ceo, new improvements hopefully

A Singaporean as ceo with ~1% stake in KAWAN. COOL



Save Print Back

7216 KAWAN KAWAN FOOD BHD
Change in Principal Officer
Date of Change: 01/01/2024
Type of Change: Appointment
Designation: Others
Directorate:
Name: ADAM PANDIAN
Age: 61
Country: Singapore
Nationality: Singapore
Qualifications:
Working Experience and Occupation:
You are advised to read the entire contents of the announcement or
attachment. To read the entire contents of the announcement or attachment,
please access the Bursa website at http://www.bursamalaysia.com
Directorship of public companies (if any):
None
Family relationship with any director and/or major shareholder of the listed issuer:
None
Details of any interest in the securities of the listed issuer or its subsidiaries:
Direct interest - 3,330,000 ordinary shares in the Company.
Remarks:
You are advised to read the entire contents of the announcement or attachment.
To read the entire contents of the announcement or attachment, please access
the Bursa website at http://www.bursamalaysia.com
Submitted By:

29/12/2023 07:00 AM


Ref Code: 202312295200104

AHAM Capital said there had been encouraging signs pointing to a return of foreign inflows since July 2023, thanks to an improving domestic macro situation.

It added that historical pattens suggested a strong correlation between FTSE Bursa Malaysia KLCI (FBM KLCI) returns and foreign flows as seen over the past 10 years.

as developed markets approach their peak cycle, risk appetite is expected to return to the emerging market (EM) space

as developed markets approach their peak cycle, risk appetite is expected to return to the emerging market (EM) space

as developed markets approach their peak cycle, risk appetite is expected to return to the emerging market (EM) space

KUALA LUMPUR (Dec 30): Bursa Malaysia is likely to trend higher in the first week of 2024 with a mild upside, to be driven by banking and technology stocks.

Inter-Pacific Asset Management Bhd chief economist and fund manager Datuk Dr Nazri Khan expects the local market to trend between 1,450 and 1,460 next week with some bargain hunting likely to emerge.

"Furthermore, we see the year-end Christmas rally driven by feel-good factors and window dressing as well as overnight strength from Wall Street, coupled with signs that inflation has retreated and interest rate is expected to go down,” he told Bernama.

He also noted that the trading volume had surged past four billion units and market breadth has been positive, therefore, the market could be bullish next week.

Looking ahead to 2024, Rakuten Trade equity research vice-president Thong Pak Leng said the brokerage firm holds a positive view on the performance of Malaysian equities, buoyed by the prospect that the US Federal Reserve is set to begin interest rate cuts and the return of foreign funds to the region.

"We anticipate the FTSE Bursa Malaysia (FBM KLCI) to linger around the 1,590 mark, based on the prevailing valuation premised on 2024 estimates, and could test the 1,650 level," he said.

For next week, he projects further upward potential if the FBM KLCI Index surpasses the 1,465-resistance line.

"As such, we expect the index to trend within the 1,450-1,470 range next week, with immediate support at 1,450 followed by 1,440," he said.

For the holiday-shortened week just ended, Bursa Malaysia traded mixed amid muted trading as investors continued to stay on the sidelines due to the holidays, amid mild bargain-hunting activities after the recent sell-off.

On a Friday-to-Friday basis, the FBM KLCI rose marginally by 0.28 of-a-point to end the week at 1,454.66 versus 1,454.38 a week ago.

On the index board, the FBM Emas Shariah Index lost 27.86 points to 10,988.71, the FBM 70 Index fell 3.86 points to 14,612.98, while the FBM ACE Index went up 105.83 points to 5,322.03, the FBM Emas Index gained 3.78 points to 10,823.70, and the FBMT 100 Index was 0.79 of-a-point better at 10,485.72.

Sector-wise, the Industrial Products and Services Index inched up 0.23 of-a-point to 172.99, the Financial Services Index added 55.95 points to 16,303.04, while the Energy Index slid 0.87 of-a-point to 817.73 and the Plantation Index shed 28.49 points to 7,007.96.

Bursa Malaysia ended the week with a lower turnover of 15.11 billion units worth RM9.38 billion versus 18.39 billion units worth RM12.04 billion in the preceding week.

The Main Market volume shrank to 9.41 billion shares valued at RM8.10 billion against 10.75 billion shares valued at RM10.40 billion in the previous week.

Warrants turnover tumbled to 1.54 billion units valued at RM187.57 million from 3.04 billion units valued at RM356.87 million last week.

The ACE Market volume declined to 4.03 billion shares worth RM1.08 billion compared to 4.44 billion shares worth RM1.28 billion previously.

KUALA LUMPUR (Dec 30): Bursa Malaysia is likely to trend higher in the first week of 2024 with a mild upside, to be driven by banking and technology stocks.

Inter-Pacific Asset Management Bhd chief economist and fund manager Datuk Dr Nazri Khan expects the local market to trend between 1,450 and 1,460 next week with some bargain hunting likely to emerge.

"Furthermore, we see the year-end Christmas rally driven by feel-good factors and window dressing as well as overnight strength from Wall Street, coupled with signs that inflation has retreated and interest rate is expected to go down,” he told Bernama.

He also noted that the trading volume had surged past four billion units and market breadth has been positive, therefore, the market could be bullish next week.

Looking ahead to 2024, Rakuten Trade equity research vice-president Thong Pak Leng said the brokerage firm holds a positive view on the performance of Malaysian equities, buoyed by the prospect that the US Federal Reserve is set to begin interest rate cuts and the return of foreign funds to the region.

"We anticipate the FTSE Bursa Malaysia (FBM KLCI) to linger around the 1,590 mark, based on the prevailing valuation premised on 2024 estimates, and could test the 1,650 level," he said.

For next week, he projects further upward potential if the FBM KLCI Index surpasses the 1,465-resistance line.

"As such, we expect the index to trend within the 1,450-1,470 range next week, with immediate support at 1,450 followed by 1,440," he said.

For the holiday-shortened week just ended, Bursa Malaysia traded mixed amid muted trading as investors continued to stay on the sidelines due to the holidays, amid mild bargain-hunting activities after the recent sell-off.

On a Friday-to-Friday basis, the FBM KLCI rose marginally by 0.28 of-a-point to end the week at 1,454.66 versus 1,454.38 a week ago.

On the index board, the FBM Emas Shariah Index lost 27.86 points to 10,988.71, the FBM 70 Index fell 3.86 points to 14,612.98, while the FBM ACE Index went up 105.83 points to 5,322.03, the FBM Emas Index gained 3.78 points to 10,823.70, and the FBMT 100 Index was 0.79 of-a-point better at 10,485.72.

Sector-wise, the Industrial Products and Services Index inched up 0.23 of-a-point to 172.99, the Financial Services Index added 55.95 points to 16,303.04, while the Energy Index slid 0.87 of-a-point to 817.73 and the Plantation Index shed 28.49 points to 7,007.96.

Bursa Malaysia ended the week with a lower turnover of 15.11 billion units worth RM9.38 billion versus 18.39 billion units worth RM12.04 billion in the preceding week.

The Main Market volume shrank to 9.41 billion shares valued at RM8.10 billion against 10.75 billion shares valued at RM10.40 billion in the previous week.

Warrants turnover tumbled to 1.54 billion units valued at RM187.57 million from 3.04 billion units valued at RM356.87 million last week.

The ACE Market volume declined to 4.03 billion shares worth RM1.08 billion compared to 4.44 billion shares worth RM1.28 billion previously.

https://theedgemalaysia.com/node/695660

https://theedgemalaysia.com/node/695660

Change in Principal Officer
KAWAN FOOD BERHAD

Date of change 01 Jan 2024
Name MR ADAM PANDIAN
Age 61
Gender Male
Nationality Singapore
Type of change Appointment
Designation Group Chief Executive Officer
Qualifications
No
Qualifications
Major/Field of Study
Institute/University
Additional Information
1
Degree
Bachelor of Business Administration
National University of Singapore

Working experience and occupation Mr Adam joined Kawan Food Berhad Group of companies ("Kawan Group") as Advisor to Executive Chairman and Head of Transformation.

He has more than 35 years management experience in commercial, supply chain and corporate roles, developing and implementing transformation strategies across various industries and organizations with a foundation in fast-moving consumer goods.

He started his career in Procter & Gamble in brand management, he moved on to several senior positions including Account Director for Leo Burnett, Regional Account Director for Saatchi & Saatchi, General Manager and Commercial Director for Keebler, and as Managing Director ("MD") for Greater China and Southeast Asia for Kellogg.

Prior to joining Kawan Group in April 2023, he held Chief Operating Officer roles in various divisions within the Hap Seng Group as well as corporate roles within the Group MDs office where he served in change management, business turnarounds and driving group synergy across operating divisions.
Directorships in public companies and listed issuers (if any) None
Family relationship with any director and/or major shareholder of the listed issuer None
Any conflict of interests that he/she has with the listed issuer None
Details of any interest in the securities of the listed issuer or its subsidiaries Direct interest - 3,330,000 ordinary shares in the Company.


Announcement Info
Company Name KAWAN FOOD BERHAD
Stock Name KAWAN
Date Announced 29 Dec 2023
Category Change in Principal Officer
Reference Number C04-04042023-00002

Impressive :)

Kawan Food appoints Adam Pandian, formerly with Kellogg's, as CEO | https://www.klsescreener.com/v2/news/view/1255067

KUALA LUMPUR (Dec 29): Kawan Food Bhd has appointed Adam Pandian as its new chief executive officer, effective from next Monday (Jan 1).

In a bourse filing on Friday, the company said Adam will take on the role, which was left vacant by Ng Hooi Kai, who resigned on Aug 2 this year after serving the role for two years and seven months.

Adam joined Kawan Food in April 2023 as an adviser to the executive chairman and head of transformation.

Adam started his career in Procter & Gamble in brand management, then moved on to several senior positions including the account director for Leo Burnett, regional account director for Saatchi & Saatchi, general manager and commercial director for Keebler, and as managing director for Greater China and Southeast Asia for Kellogg's.

Prior to joining Kawan Food, he held the chief operating officer roles in various divisions within the Hap Seng group, as well as corporate roles within the group managing director office, where he served in change management, business turnarounds and driving group synergy across operating divisions.

He has more than 35 years of management experience in commercial, supply chain and corporate roles, developing and implementing transformation strategies across various industries and organisations with a foundation in fast-moving consumer goods, Kawan Food said.

Kawan Food's earnings has normalised after hitting a new record in the year ended Dec 31, 2022 (FY2022), with a net profit of RM38.5 million and revenue of RM293.2 million.

For the cumulative nine months ended Sept 30, 2023, Kawan Food's net profit fell 28.73% to RM21.27 million or 5.94 sen per share, from RM29.85 million a year earlier, despite revenue rising 2.22% to RM225.77 million, from RM220.88 million previously, as cost of sales inched up slightly, coupled with higher expenses as well as income tax recorded.

Shares in Kawan Food settled at RM1.80 each on Friday, down two sen or 1.1%, bringing the company a market capitalisation of RM653 million.

Year-to-date, the stock has fallen 19%.