Capital markets executive summary | Thu 20 Apr 2023 Cahya Mata Sarawak’s outlook revised to positive While RAM Ratings affirmed the company’s AA3 and P1 corporate credit ratings, the outlook was raised from stable to positive due to improving business and financial profiles. In particular, the new phosphates manufacturing division started commissioning production and would…
Capital markets executive summary | Wed 19 Apr 2023 Ancom Nylex 3Q2023 net profit up 8% Net profit grew from RM15.1m in 3Q2022 ended 28 Feb 2022 to RM16.4m in 3Q2023. Revenue, however, fell year-on-year from RM510m to RM483.9m. For 9M2023, net profit surged 57.1% from RM36.3m to RM56.9m, while revenue was up 8.1% from…
Capital markets executive summary | Tue 18 Apr 2023 CIMB, Maybank and RHB underwrite DXN IPO Health and wellness product supplier DXN Holdings Berhad will be re-listed in 2Q2023. It signed an underwriting agreement with the banks for the retail offering of 160m shares or 3.2% of the enlarged shares. 60m shares are reserved for…
Executive Summary for Capital Markets News | Mon 17 Apr 2023 Fajarbaru in logging agreement with Yayasan Pahang for 8,821 acres The group’s logging and timber trading segment is one of its most profitable. It contributed profit before tax of RM19m in the last 4 quarters compared to the group’s RM14m, even though it accounted…
Executive Summary for Capital Markets News | Fri 14 Apr 2023 CVC considers selling QSR interest after delays in IPO The Luxembourg-based private equity firm is talking to at least 1 adviser on selling its 21% equity interest worth more than RM1.2b. It had acquired the stake in 2013 after making a joint buyout with…
Executive Summary for Capital Markets News | Thu 13 Apr 2023 MAHB’s issue price for dividend reinvestment plan shares at RM6.06 Instead of receiving cash dividends, a dividend reinvestment plan (DRP) gives shareholders the option to purchase additional shares commission-free and at significant discount to the current share price. Malaysia Airports Holdings Berhad (MAHB) said…
Executive Summary for Capital Markets News | Wed 12 Apr 2023 Citaglobal positive on power supply for ECRL The company’s consortium with Reneuco Berhad is expected to receive more concrete news in the next few months. The consortium is finalising the presentation and details with Malaysia Rail Link Sdn Bhd, a wholly-owned subsidiary of the…
Executive Summary for Capital Markets News | Tue 11 Apr 2023 UMW gets RM1b Rolls-Royce contract In Aug 2015, UMW Aerospace became Malaysia’s first home-grown Tier 1 aerospace engine component supplier to Rolls-Royce after receiving a 25+5 year contract to manufacture and assemble fan cases for the Trent 1000 and Trent 7000 engines. It took…
Executive Summary for Capital Markets News | Mon 10 Apr 2023 Spritzer proposes 1-for-2 bonus shares This will entail the issuance of 106.44m new shares at an entitlement date to be determined. Spritzer’s shares will increase from the current 212.88m – including 27.33m treasury shares and giving a share capital of RM223.24m – to 319.31m….
Executive Summary for Capital Markets News | Fri 7 Apr 2023 Rhone Ma and Kulim to jointly develop Jemaluang Dairy Valley project The company announced that its 49%-owned subsidiary – A2 Fresh Holdings Sdn Bhd (A2FSB) – had entered into a commercial agreement with the East Coast Economic Region Development Council, Kulim (Malaysia) Berhad and…