2020-01-29 15:55 | Report Abuse
Mavcom fines AirAsia, AAX RM2m each for charging extra fee, MAHB penalised for service quality shortfall
2020-01-29 15:54 | Report Abuse
picks for the rebound are Genting Bhd (OP; TP: RM7.00),
2020-01-29 15:52 | Report Abuse
Top Glove rises 9.9% to all-time high on positive technical outlook and coronavirus outbreak
2020-01-29 15:51 | Report Abuse
Glovemakers' shares surge, amid coronavirus outbreak
2020-01-15 13:45 | Report Abuse
Revenue Group managing director cum group chief executive officer Eddie Ng Chee Siong told the media that the group has deployed 1,600 units of rented smart terminals to OCBC Bank (Malaysia) Bhd since inking the partnership two weeks ago.
2020-01-15 13:43 | Report Abuse
Pharmaniaga Logistic Sdn Bhd’s (Pharmaniaga) pharmaceutical and medical equipment concession contract with the Ministry of Health (MOH), which ended on Nov 30, has been extended for another 25 months to ensure smooth transition to the new company.
2020-01-15 13:36 | Report Abuse
Adventa also said the healthcare sector has improved with higher sales and better market penetration.
This improvement is expected to continue barring unforeseen events in the market, and higher government healthcare spending helped boost hospital supplies’ revenue.
2020-01-15 13:34 | Report Abuse
Reaffirm BUY Rating and Target Price of RM17.80
We reaffirm our BUY rating and SOTP-based target price of RM17.80 (key assumptions: Target 2020E P/BV of 1.7x for its General operations and target 2020E P/EV of 1x for its Life operations). Downside risks: i) high inflation costs; ii) theft and fraud caes; iii) more competitive rates from peers; iv) adverse experience.
2020-01-15 13:31 | Report Abuse
Gamuda and Dong Pi bag RM932m contract in Taiwan
Maintain outperform with a higher target price (TP) of RM28.11: Kuala Lumpur Kepong Bhd (KLK) is set for strong gains from the upstream plantation business on stronger crude palm oil (CPO) price. We reckoned it will have one of the most commendable margins in the industry driven by its cost efficiency and a steady fresh fruit bunch (FFB) production growth.
ipoh-based Batu Kawan Bhd is widely known as the parent company of locally listed plantation giant Kuala Lumpur Kepong Bhd (KLK). However, many may not know that Batu Kawan is also Malaysia’s largest producer of chlor-alkali chemical products, which include chlorine, caustic soda and hydrochloric acid.
Its chemical plants in Perak and Terengganu have an annual production capacity of 116,000 tonnes of caustic soda. These factories run at an average utilisation rate of close to 90%. The group’s market share is estimated at 55% to 60%.
To be sure, the bulk of Batu Kawan’s profit comes from KLK. Even so, profit attributable to Batu Kawan’s shareholders grew to RM825.2 million in FY2016 from RM483.7 million in FY2013, translating into a three-year compound annual growth rate of nearly 20%. While KLK’s is slightly more impressive at 20.2%, we had imposed a penalty on KLK in The Edge Billion Ringgit Club calculations as its FY2015 net profit fell below the FY2013 base year, resulting in Batu Kawan coming just ahead of KLK for the 2017 BRC award for highest growth in profit after tax over three years.
2019-12-20 15:37 | Report Abuse
Maintain BUY, TP: RM2.14. We maintain our BUY rating on HSP with a higher TP of RM2.14
2019-12-16 16:25 | Report Abuse
Eduspec Holdings Bhd has entered into a collaboration agreement with Matlamat Wawasan Sdn Bhd (MWSB) for the implementation of science, technology, engineering and mathematics (STEM) programs with Computer Science for primary schools and with Robotics for secondary schools under the Ministry of Education (MoE).
2019-12-16 16:23 |
2019-12-16 16:22 | Report Abuse
As at end-March, Tiger Synergy had a net asset value per share of 39 sen, largely made up of its land bank. The company’s 2018 annual report states that it owns a 5.5-acre parcel of vacant development land in Rawang, Selangor, with a net book value of RM28.74 million; two acres of vacant development land in Cheras with a net book value of RM18.24 million; and 1.17 acres in Mukim Batu, Kuala Lumpur, with a net book value of RM17.64 million, as well as several smaller parcels. These parcels were acquired more than three years ago.
2019-12-16 16:18 | Report Abuse
Upon completion of the stake sale, IWH-CREC will hold a 60% stake in the Bandar Malaysia project, which has an estimated gross development value of RM140 billion, while MoF will own the remaining 40%.
2019-12-16 16:17 | Report Abuse
sources familiar with the matter revealed that IWH-CREC Sdn Bhd and the Ministry of Finance (MoF) will sign a reinstatement amended share sale agreement tomorrow (Dec 17) to finalise the terms and details relating to the divestment of the 60% equity interest held by the government in the development project.
2019-12-09 17:15 |
2019-12-09 17:12 | Report Abuse
Tiger Synergy Bhd says it has aborted plans to develop land in Rantau, Negeri Sembilan, into a residential project as consensus on the terms and conditions of a proposed joint venture (JV) could not be reached.
2019-12-02 11:20 | Report Abuse
Carimin Petroleum Bhd expects to resume expansion works on its fabrication yard in Kemaman, Terengganu after delaying the project for the last four years.
Carimin managing director Mokhtar Hashim said it had submitted the design of the fabrication yard to the local authority for approval last month.
“We have revisited that proposal (for the yard expansion). The design has been completed and submitted to the local council for approval last month.
2019-12-02 11:19 | Report Abuse
PRECISION parts manufacturer Notion VTec Bhd has been largely off the radar screen of investors since October 2017 after a fire damaged its primary manufacturing facility in Klang, Selangor.
The company’s recovery process — making a claim on its insurance policy, relocating its facilities and hiring factory workers — took nearly two years, with its operations fully restored at end-September this year.
2019-12-02 11:18 | Report Abuse
On Friday, Master-Pack said in a Bursa filing revenue climbed to RM55.48 million in the third quarter ended Sept 30, 2019, from RM37.13 million.
For cumulative nine months ended Sept 30, Master-Pack said net profit increased to RM12.57 million from RM3.95 million a year earlier.
2019-12-02 11:16 | Report Abuse
Quarterly revenue grew 22.94% to RM55.37 million from RM45.04 million a year ago.
For the full year ended Dec 31, 2018, its net profit grew 22.43% to RM19.01 million, from RM15.53 million last year, while revenue also increased 11.91% to RM198.88 million, from RM177.7 million in the previous year.
At the current share price, Public Packages is trading at 0.53 times its book value.
2019-12-02 11:14 | Report Abuse
Animation Theme Park Sdn Bhd (ATP), a 51%-owned unit of loss-making Perak Corp Bhd (PCB), has defaulted on its repayment of a syndicated term loan facility of up to RM280 million.
The facility was granted by Affin Hwang Investment Bank Bhd, Affin Bank Bhd, Bank Pembangunan Malaysia Bhd and Malaysia Debt Ventures Bhd.
According to a filing with the bourse, ATP — the developer, owner and operator of Movie Animation Park Studios (MAPS) — defaulted on a RM25.7 million repayment on Sept 26, 2019, citing cash flow constraints.
2019-11-28 11:08 | Report Abuse
PETROLIAM Nasional Bhd (Petronas) yesterday reported a sharp 48% drop in third-quarter profit to RM7.42 billion as lower crude and gas prices, and impairment dragged the national oil company’s financials.
During the same quarter a year ago, the state-owned oil company posted a net profit of RM14.34 billion.
Revenue for the quarter ended Sept 30, 2019 (3Q19), fell 14% to RM55.11 billion from RM63.91 billion due to slower demand for oil and gas as the global economy slowed due to the unending China-US trade war.
2019-11-28 11:07 | Report Abuse
In a Bursa Malaysia filing today, the national power company said operating expenses fell 8.99% to RM10.65 billion from RM11.7 billion previously.
Earnings per share rose to 21.15 sen from 8.83 sen as a result.
2019-11-28 11:03 | Report Abuse
We expect a weaker outlook for the overall insurance and takaful industry for 2020 and 2021, largely driven by a potential moderation in economic growth. We foresee some downside risks from lower vehicle sales, a weak housing market and high medical and motor claims costs, likely more pronounced in 2020 and 2021. Likewise, we expect more modest earnings growth of 4.3% and 7.5% year-on-year (y-o-y) for Syarikat Takaful Malaysia Keluarga Bhd (STMK) for financial year 2020 (FY20)-FY21, from our previous forecasts of 10%-15%.
2019-11-28 11:01 | Report Abuse
Shares in sound system maker Formosa Prosonic Industries Bhd (FPI) rose 1.89% this morning after its net profit rose 8% to RM32.74 million from RM30.37 million last year as revenue grew 44% to RM590.86 million against RM411.54 million.
2019-11-28 11:00 | Report Abuse
Thermal insulation material maker Superlon Holdings Bhd is eyeing more businesses from a new Australian customer that it has started supplying insulation tubes to, which it hopes to help boost the company’s sales and utilisation rate at its new plant in Vietnam.
The Vietnam plant, which commenced operations after the first quarter of this year, is now running at about half its capacity. The company is optimistic that the plant will see a utilisation hit of about 75% by the end of the current financial year ending April 30, 2020 (FY20), when it will break even due to economies of scale.
2019-11-21 13:29 | Report Abuse
Timber and oil palm group TA Ann Holdings Bhd has posted a 23% year-on-year fall in net profit to RM24.78 million in the third quarter ended Sept 30, 2019 (3QFY19), against RM32.21 million last year, on lower selling prices for its products across the board.
In a bourse filing, the company said the reduced profit was due to a lower average selling price for export logs, plywood products, fresh fruit bunches (FFB) and crude palm oil (CPO), as prices of export logs dropped by 30%, plywood products by 5%, FFB by 3% and CPO by 11%.
2019-11-21 13:27 | Report Abuse
In a filing with Bursa Malaysia yesterday, the company, which is engaged in the manufacture and sale of cocoa products, said its revenue in the fourth quarter grew to RM98.53mil from RM76.51mil a year earlier.
“The increase was mainly attributed to the increase in sales volume.
2019-11-21 13:22 | Report Abuse
Thong Guan Industries Bhd’s net profit grew 72.59% to RM17.34 million or 10.97 sen per share for the third quarter ended Sept 30, 2019 from RM10.05 million or 7.37 sen per share due to higher sales and profitability of its stretch film, industrial film and bags, garbage bags and courier bags.
Revenue improved 15.78% to RM256.55 million from RM221.59 million, according to a filing with Bursa Malaysia today.
For the nine-month period, net profit jumped 62.16% to RM44.04 million or 27.87 sen per share from RM27.16 million or 19.93 sen per share last year, while revenue rose 9.48% to RM703.45 million from RM642.51 million.
2019-11-19 16:35 | Report Abuse
Mhc Plantations Posts Oct Production Fresh Fruit Bunches-15,369 MT
2019-11-19 16:34 | Report Abuse
Benjamin, who is the chief executive officer of United Malacca Bhd, said his company had already banned paraquat in all its plantations sprawling 108,000ha in Melaka and Indonesia.
2019-11-18 16:02 | Report Abuse
THONG GUAN INDUSTRIES BHD is spending between RM30mil and RM40mil this year to expand its stretch film, PVC food wrap and other businesses.
Group managing director Datuk Ang Poon Chuan told StarBiz the expansion would raise the production capacity of the stretch film division to 85,000 tonnes by the end of 2019 from 75,000 in 2017.
“We are also adding two more lines to add two production lines for the PVC food wrap division.
“This will further increase our production capacity by 1,800 tonnes per annum.
2019-11-18 16:01 | Report Abuse
Stronger 3Q results likely to boost O&G sector
2019-11-18 15:59 | Report Abuse
The cocoa grinder said its net profit rose 42% year-on-year to RM61 million for the second quarter ended June 30, 2019 (2QFY19) from RM43.03 million, thanks to higher sales of cocoa products, which pushed revenue up 53% to RM753.06 million from RM491.58 million.
2019-11-15 17:24 | Report Abuse
ABOUT RM2.6 billion in funds are expected to be freed in the Islamic banking sector after Bank Negara Malaysian (BNM) moved to lower the statutory reserve requirement (SRR) to 3%, allowing banks to generate additional returns while stimulating lending activities in the country.
In a statement last Friday, the central bank announced the SRR ratio will be reduced from 3.5% to 3% effective Nov 16, 2019, to maintain sufficient liquidity in the domestic financial system.
2019-11-14 14:54 | Report Abuse
The final HOC-MAPEX 2019 event will be held at Central i-City in Shah Alam from Nov 14 to 17. About 2,800 housing units priced from RM289,000 to RM2.5 million will be on offer. The properties include completed as well as properties under construction and are open for sale to Malaysians.
The 11 developers taking part include Glomac Bhd, Amverton Bhd, Sunsuria Bhd, Eco World Development Group Bhd and Symphony Union Suites Sdn Bhd. RHB Bank Bhd will also take part in the expo.
2019-11-14 14:53 | Report Abuse
Al-'Aqar Healthcare REIT in RPT to buy hospital for RM78m cash
2019-11-14 14:52 | Report Abuse
Yesterday, the group said net profit grew 2.8 times to RM19.34 million for the third quarter ended Sept 30, 2019 (3QFY19) from RM6.93 million last year.
It said this was due to higher revenue from its steel fabrication and construction divisions, coupled with improved margins in the engineering sector.
Quarterly revenue was up 47.5% to RM165.48 million from RM112.18 million in 3QFY18.
For the nine-month period, net profit soared 179% to RM28.05 million from RM10.04 million a year ago, while revenue increased 49.3% to RM403 million from RM269.94 million.
2019-11-14 14:48 | Report Abuse
Jaks Resources Bhd shares rose 6.71% this morning after its net profit jumped nearly three times in the second quarter ended June 30, 2019 (2QFY19) to RM37.29 million against RM12.74 million a year ago, as it recorded higher earnings in its construction division, contributed by engineering, procurement and construction works in Vietnam.
2019-11-12 17:37 | Report Abuse
JHM Consolidation may rebound further, says RHB Retail Research
2019-11-12 17:36 | Report Abuse
RCE Capital Bhd posted a 4% increase in net profit to RM24.12 million in the first quarter ended June 30 on the back of higher net interest income and interest income from deposits with licensed financial institutions. Earnings per share rose to 7.03 sen, from 6.81 sen previously.
In a filing with Bursa Malaysia, RCE Capital reported revenue grew 5.9% to RM66.94 million.
2019-11-12 17:35 | Report Abuse
MKH expected to do better with attention given to affordable housing
2019-11-11 17:47 | Report Abuse
Malaysian Resources Corp Bhd (MRCB) topped the list, followed by KLCC Property Holdings Bhd and KLCC Real Estate Investment Trust (KLCC REIT), Malaysia Airports Holdings Bhd, AMMB Holdings Bhd, Unisem (M) Bhd, MISC Bhd, Sime Darby Bhd and Petronas units, namely Petronas Chemicals Group Bhd, Petronas Gas Bhd and Petronas Dagangan Bhd.
The rankings were revealed in the MICG 2019 report, entitled ‘Transparency in Corporate Reporting: Assessing Malaysia’s Top 100 Public Listed Companies’ (TRAC Report 2019), which was launched here yesterday.
2019-11-11 17:45 | Report Abuse
QL Resources optimistic about beating record FY19 performance
2019-11-08 17:22 | Report Abuse
The public portion of Spring Art Holdings Bhd's initial public offering (IPO) has been oversubscribed by 14.71 times at 25 sen per share.
The Muar-based ready-to-assemble furniture products maker received a total of 3,751 applications for 326.62 million new shares, valued at RM81.65 million from the Malaysian public compared with only 20.78 million new shares that were made available for public subscription, according to the company's statement.
2019-11-08 17:21 | Report Abuse
Trive Property says solar JV aborted due to US tariffs
Stock: [CAREPLS]: CAREPLUS GROUP BERHAD
2020-01-29 15:57 | Report Abuse
Can You Imagine How Careplus Group Berhad’s (KLSE:CAREPLS) Shareholders Feel About The 24% Share Price Increase?