SPToto, 7-Eleven, BFood, Bursa, Boustead, AmBank, Sunway REIT, Affin Bank, Tiong Nam, Yinson, Kumpulan Kitacon, Eco World Development, HHRG, Globaltec Formation, MSM, TM, Maxis, Astino, Pertama Digital, Apollo Food, Jaycorp, Beshom and NWP
SPToto, 7-Eleven, BFood, Bursa, Boustead, AmBank, Sunway REIT, Affin Bank, Tiong Nam, Yinson, Kumpulan Kitacon, Eco World Development, HHRG, Globaltec Formation, MSM, TM, Maxis, Astino, Pertama Digital, Apollo Food, Jaycorp, Beshom and NWP
SPToto, 7-Eleven, BFood, Bursa, Boustead, AmBank, Sunway REIT, Affin Bank, Tiong Nam, Yinson, Kumpulan Kitacon, Eco World Development, HHRG, Globaltec Formation, MSM, TM, Maxis, Astino, Pertama Digital, Apollo Food, Jaycorp, Beshom and NWP
main news image
KUALA LUMPUR (June 23): Here is a brief recap of some corporate announcements that made the news on Friday (June 23) involving Sports Toto Bhd, 7-Eleven Malaysia Holdings Bhd, Berjaya Food Bhd, Bursa Malaysia Bhd, Boustead Holdings Bhd, AMMB Holdings Bhd, Sunway Real Estate Investment Trust, Affin Bank Bhd, Tiong Nam Logistics Holdings Bhd, Yinson Holdings Bhd, Kumpulan Kitacon Bhd, Eco World Development Group Bhd, HHRG Bhd, Globaltec Formation Bhd, MSM Malaysia Holdings Bhd, Telekom Malaysia Bhd (TM), Maxis Bhd, Astino Bhd, Pertama Digital Bhd, Apollo Food Holdings Bhd, Jaycorp Bhd, Beshom Holdings Bhd and NWP Holdings Bhd.
Sports Toto Bhd (SPToto) via its wholly-owned subsidiary Magna Mahsuri Sdn Bhd (MMSB) has bought shares in sister companies 7-Eleven Malaysia Holdings Bhd (SEM) and Berjaya Food Bhd (BFood) for RM38.78 million cash. Following the share purchases, SPToto and its subsidiaries now hold about 25.42 million shares or about 2.29% stake in SEM and about 7.46 million shares or about 0.43% stake in BFood.
Bursa Malaysia Bhd said it has been the target of scams with ill-intentioned impersonations of the exchange and its management on social media platforms, in particular its chief executive, and that an alarming number of them are found on Facebook.
Boustead Holdings Bhd is set to be delisted on June 28 from the Main Market of Bursa Malaysia Securities Bhd. Its entire issued share capital will be removed from the official list, in accordance with the Main Market Listing Requirements. In an earlier filing, Lembaga Tabung Angkatan Tentera (LTAT) had posted a compulsory acquisition notice to dissenting holders on June 16, saying that it will pay for the shares mandatorily purchased from them in cash.
AMMB Holdings Bhd (AmBank) has clarified that the recent media reports involving AmBank Group regarding mergers and acquisitions (M&A) are purely speculative. “If and when we have anything pertinent to announce, in accordance with best practices and corporate governance, a Bursa announcement will be made,” AmBank told Bernama.
Sunway Real Estate Investment Trust (SunREIT) has joined forces with HSBC to execute its first sustainability-linked cross currency swap (CCS) in Malaysia, which is worth RM200 million. The parties said the CCS hedges both the currency and interest rate risks of SunREIT’s foreign currency loan with HSBC, while offering direct sustainability-linked incentives.
Affin Bank Bhd said it has successfully issued RM500 million additional Tier 1 Capital Securities (AT1CS) under the RM3 billion AT1CS programme with a distribution rate of 5.7% per annum. The perpetual non-callable bond has a tenure of five years, with an A3 Rating assigned by RAM Rating. First callable date for the bond is June 23, 2028.
Tiong Nam Logistics Holdings Bhd has signed a logistic services agreement with Chery Malaysia which will see Tiong Nam handling Chery's spare parts warehousing and transportation in Malaysia, including heavy-duty vehicle models such as TIGGO 8 PRO and OMODA5.
Yinson Holdings Bhd has signed a Memorandum of Understanding (MOU) with PLUS Malaysia Bhd to jointly develop the country’s first chargEV hyperpower direct current fast charging hubs along the PLUS highway. Yinson shared that the estimated investment cost for each hyperpower fast charging hub will range from RM10 million to RM20 million. One of the hyperpower fast charging hubs will be located at the PLUS Seremban rest and service area (South-bound), while another is still in the discussion.
Yinson also reported that its net profit rose 73.33% to RM208 million for the first quarter ended April 30, 2023 (1QFY2024), from RM120 million a year earlier, on the back of higher contribution from engineering, procurement, construction, installation and commissioning (EPCIC) business activities. Quarterly revenue tripled to RM3.02 billion from RM1.01 billion.
Kumpulan Kitacon Bhd has secured a RM50.3 million construction project in Ijok, Kuala Selangor. Its wholly-owned subsidiary Kitacon Sdn Bhd received the contract from Eco World Development Group Bhd’s 60%-owned unit Paragon Pinnacle Sdn Bhd for the proposed construction of 80 units of single-storey terrace houses, one unit of electrical substation, and emblem fencing under package one. The second package involves the construction and completion of 104 units of single-storey terrace houses and another electrical substation unit.
HHRG Bhd has proposed to acquire a 7.23-acre piece of leasehold industrial land in Penang for RM15.74 million via cash and share issuance. The biomass material manufacturer plans to utilise the industrial land as the site of its new corporate headquarters. HHRG said the group received a letter of irrevocable offer from canned food maker Jeenhuat Foodstuffs Industries Sdn Bhd for HHRG to purchase the land for RM15.74 million.
The Indonesian Ministry of Finance has given the indirect subsidiaries of Globaltec Formation Bhd tax waivers on their coal-bed methane (CBM) production-sharing contracts (PSC) in South Sumatra. In a filing with the Australian Stock Exchange, NuEnergy Gas Ltd — in which Globaltec owns a 65% stake — announced that its wholly-owned subsidiaries Dart Energy (Tanjung Enim) Pte Ltd and Dart Energy (Muralim) Pte Ltd were awarded the tax exemption facilities on June 22.
MSM Malaysia Holdings Bhd is now a part of the Asean Sugar Alliance (ASA) which will help the refined sugar producer to expand its export market. MSM said the ASA membership would further support MSM’s vision to grow its export market share from 6% to 12% to 15% in the region.
Telekom Malaysia Bhd (TM) has entered into a collaboration with Maxis Bhd that will see TM getting access to Maxis' 4G Multi Operator Core Network (MOCN), as well as 4G and 2G domestic roaming services to enhance its mobile connectivity nationwide. Through this, TM will extend its 4G coverage across the country by leveraging Maxis’ radio access network infrastructure and improve Unifi Mobile's population coverage to above 95%.
Astino Bhd saw an 8.1% increase in net profit to RM12.71 million for the third financial quarter ended April 30, 2023 (3QFY2023) versus RM11.76 million a year earlier, thanks to an increase in overseas sales with higher profit margins. Quarterly revenue, however, dropped by 0.4% to RM155.87 million from RM156.49 million a year ago, mainly due to weakening steel prices.
Pertama Digital Bhd received a notice from Australia's Macquarie Bank that the financial institution will subscribe for the company's 425,000 placement shares at an issue price of RM2.69 per share. The loss-making group said the placement shares were allotted on Friday and are expected to be listed on June 27.
Boosted by higher sales, Apollo Food Holdings Bhd's net profit jumped 77.74% to RM6.8 million in the fourth quarter ended April 30, 2023 (4QFY2023) from RM3.83 million in the previous year's corresponding quarter. Quarterly revenue rose 5% to RM60.27 million from RM57.34 million. The confectionery maker proposed a final dividend of 15 sen per share — raising its FY2023 payout to 25 sen, the same as in FY2022. The entitlement and payment dates will be determined later.
Jaycorp Bhd posted 40.73% lower net profit at RM5.47 million in the third quarter ended April 30, 2023 (3QFY2023) from RM9.23 million a year ago, due to the absence of a gain on disposal of two subsidiaries. During the quarter, revenue dipped 32.68% to RM61.47 million from RM91.3 million.
Beshom Holdings Bhd saw its net profit halved to RM2.66 million for the quarter ended April 30, 2023, from RM5.67 million in the same quarter a year ago, reflecting lower revenue as weak consumer confidence and lower willingness to spend impacted its multi-level marketing business, and higher marketing costs. Revenue fell 13.97% to RM38.94 million from RM45.27 million. Beshom’s board recommended a final dividend of 2 sen per share.
Timber product manufacturer NWP Holdings Bhd’s shares will be traded under its new name Auro Holdings Bhd, with effect from next Tuesday (June 27), to reflect a new corporate identity under its business activities and brand image. The counter’s new short name will be “Auro”, replacing the old stock short name “NWP”.
https://theedgemalaysia.com/node/672409
Singapore Investment
-
-
-
-
-
-
-
-
-
-
How I Save More With Fave16 hours ago
-
Another SEA, halfway across the world16 hours ago
-
-
SBOCT24 GX24100H is 2.77%18 hours ago
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Gro Cash Sure: Honest Review3 days ago
-
-
-
-
-
-
-
-
-
-
Summary of August 20245 days ago
-
-
-
-
-
Month of August 20241 week ago
-
-
-
-
Buying after Black Monday1 week ago
-
-
-
Portfolio (Aug 30, 2024)1 week ago
-
-
-
-
-
-
-
-
-
-
-
-
What Makes Up Our Wealth?1 week ago
-
-
Youth Action Challenge Season 61 week ago
-
-
-
-
-
4 bank valuation facts you don’t know2 weeks ago
-
-
-
-
-
-
-
-
Will mortgage rates fall off a cliff?3 weeks ago
-
-
-
500k Milestone!3 weeks ago
-
Random thoughts: Air Drying of car4 weeks ago
-
-
Lentor Hills Residences4 weeks ago
-
-
-
-
A pullback or…?4 weeks ago
-
-
-
Jul 2024 Portfolio4 weeks ago
-
-
Few Reflections1 month ago
-
-
-
-
Be anti-fragile1 month ago
-
-
-
-
-
-
Monthly IBKR Update – June 20241 month ago
-
At the Half Year Mark2 months ago
-
-
-
-
2Q 2024 Investment Strategy Update2 months ago
-
Oh My Spins Casino Login App2 months ago
-
-
-
-
Free money again! Don't say #bojio.3 months ago
-
-
-
-
-
Breakthroughs in portfolio :)3 months ago
-
-
-
China’s going downhill?4 months ago
-
-
-
Feb 2024 Expenditure5 months ago
-
-
The Market Is A Scam!6 months ago
-
-
-
-
Options Trading Journal Jan 20246 months ago
-
-
-
-
Year 2023 DIYQuant Portfolio Performance Report8 months ago
-
Monthly Summary of November 20239 months ago
-
Migration of website9 months ago
-
-
-
-
-
-
-
-
-
-
-
-
A New Light1 year ago
-
-
-
-
-
-
2022 Thoughts, Hello 2023!1 year ago
-
Series of Defaults for Maple Finance1 year ago
-
Takeaways from “Sea Change”1 year ago
-
Greed is Coming Back1 year ago
-
-
-
-
-
-
-
-
-
-
-
What is Overemployment2 years ago
-
Terra Hill Condo (former Flynn Park)2 years ago
-
Alibaba VS Tencent: The Battle Royale2 years ago
-
-
-
-
-
-
-
-
-
Home
companies
SPToto, 7-Eleven, BFood, Bursa, Boustead, AmBank, Sunway REIT, Affin Bank, Tiong Nam, Yinson, Kumpulan Kitacon, Eco World Development, HHRG, Globaltec Formation, MSM, TM, Maxis, Astino, Pertama Digital, Apollo Food, Jaycorp, Beshom and NWP