Capital markets executive summary | Thu 6 Jul 2023 Public Investment Bank values DC Healthcare at 37 sen The company will be listed on the ACE Market on 17 Jul. The valuation is at a price-earnings (PE) multiple of 16 times the company’s projected earnings per share of 2.3 sen in FY2024. It is also…
Capital markets executive summary | Wed 5 Jul 2023 Farm Fresh investors worried about raw milk supply Following Australia-based Bega Group’s announcement that milk production volumes have fallen by 700m litres or 9% in the last 2 years and dairy ingredient prices have risen, the company’s share price closed at a record low for the…
Capital markets executive summary | Tue 4 Jul 2023 LYC Medicare Singapore lodges preliminary offer document with SGX LYC Healthcare obtained shareholders’ approval to list LYC Medicare – which it owns 64.5% of – on the SGX on 15 Mar. Upon listing, LYC Medicare will remain a subsidiary of LYC Healthcare. LYC Healthcare’s largest shareholder…
Capital markets executive summary | Mon 3 Jul 2023 MYMBN to be listed on ACE Market on 25 Jul The Melaka-based bird’s nest processor is positive on the growth of the industry and will expand its offerings in the industry’s value chain. Its midstream core business comprises selling raw uncleaned edible bird’s nests (RUCEBN) to…
Capital markets executive summary | Fri 30 Jun 2023 Felda to issue government-guaranteed sukuk for debt restructuring The government in 2019 had agreed to guarantee the Federal Land Development Authority’s (Felda) financing for its 5-year transformation programme initiated in 2020. On 28 Jun, the finance minister signed the government guarantee for Felda’s sukuk and revolving…
Capital markets executive summary | Wed 28 Jun 2023 Creador buys 40% of Pet World The private equity firm acquired the stake in the Malaysian pet food maker for an undisclosed sum from founding family and COPE Private Equity. Pet World International Berhad was founded in 2006 by Choy Peng Yew and has grown to…
Capital markets executive summary | Tue 27 Jun 2023 Algeria supreme court dismisses Malakoff’s appeal The legal proceedings against Almiyah Attilemcania SPA (AAS) – in which Malakoff has a 35.7% indirect effective interest – was for a breach in 2014 of foreign exchange regulations on USD26.99m transactions relating to the sea water desalination plant in…
Capital markets executive summary | Mon 26 Jun 2023 Yinson 1Q net profit up 73% The figure jumped from RM120m in 1Q ended 30 Apr 2022 to RM208m in 1Q ended 30 April 2023 due to higher contribution from the engineering, procurement, construction, installation and commission (EPCIC) business. Revenue soared 200% from RM1.01b to RM3.02b…
Capital markets executive summary | Fri 23 Jun 2023 Gamuda 3Q net profit almost flat but excitement for Penang reclamation The company posted net profit of RM223.36m for the quarter ended 30 Apr 2023, up 0.85% against RM221.49m the previous year. Stronger overseas construction earnings held up the numbers. Revenue, nonetheless, jumped 81.22% from RM1.14b…
Capital markets executive summary | Thu 22 Jun 2023 Daythree Digital IPO price at 30 sen The company, which was founded in 2016, is a global business services (GBS) provider that focuses on customer experience (CX) and lifecycle management services enabled by digital tools developed in-house. Its clients are in energy and utilities, telecommunications and…