Capital markets executive summary | Tue 23 May 2023 AirAsia X issues RM50m shares for working capital The company will place out 32.26m new shares or 7.78% of its total shares at RM1.55 per share. It has entered into conditional share subscription agreements with Lavin Group Sdn Bhd (16.13m shares), AHAM Asset Management Berhad (12.91m…
Capital markets executive summary | Mon 22 May 2023 KPJ Healthcare allocates RM500m capex The money will be used for its new hospital in Kuala Selangor scheduled to open in early 2024, improvements to its 29 existing hospitals, purchase of new equipment and managing the data infrastructure. In Sep 2022, the company opened KPJ Damansara…
Capital markets executive summary | Fri 19 May 2023 MHB net profit up 30% Net profit for Malaysia Marine and Heavy Engineering Holdings Berhad (MHB) – a subsidiary of Petronas – grew from RM2.72m in 1Q ended 31 Mar 2022 to RM3.54m in 1Q ended 31 Mar 2023. Revenue increased 18.77% from RM417.78m to RM496.23m….
Capital markets executive summary | Thu 18 May 2023 DXN Holdings net profit plunges 20% The company – which will be listed on the Main Market tomorrow – suffered a large drop in net profit from RM69.16m in 4Q ended 28 Feb 2022 to RM55.17m in 4Q ended 28 Feb 2023. The company blamed an…
Capital markets executive summary | Wed 17 May 2023 Hume Cement 3Q net profit rises 14 times The figure shot from RM1.92m in 3Q ended 31 Mar 2022 to RM27.01m in 3Q ended 31 Mar 2023. The performance was driven by the revised selling price of cement and higher cement sales volume. Earnings per share…
Capital markets executive summary | Tue 16 May 2023 Teo Seng 1Q net profit soars 373% One of Malaysia’s biggest egg producers saw its net profit increase from RM4.16m in 1Q2022 to RM19.68m in the 1st quarter ended 31 Mar 2023. Revenue increased from RM146.36m to RM183.4m. The performance of the Johor-based company’s farming segment…
Capital markets executive summary | Mon 15 May 2023 Malacca Securities to underwrite SYF Resources’ rights issue open portion SYF Resources – formerly a furniture manufacturer before it disposed of its existing businesses – will enter the financial services industry by acquiring M&A Securities Sdn Bhd via a reverse take-over (RTO) exercise. On 19 Jan…
Capital markets executive summary | Fri 12 May 2023 Mr DIY 1Q net profit jumps 27.13% The figure increased from RM100.5m in 1Q2022 to RM127.77m in 1Q2023 due to lower freight costs. Revenue was up by 15.6% from RM905.16m to RM1.05b due to same-store sales growth and contribution from new stores. Malaysia contributed RM1.04b in…
Capital markets executive summary | Thu 11 May 2023 Palm oil stock fell to 11-month low in Apr Inventory declined 10.54% from Mar to 1.5m tonnes, the lowest since May 2022 and down for 3 straight months. It is also lower than the 1.64m tonnes a year ago in Apr 2022. Crude palm oil production…
Capital markets executive summary | Wed 10 May 2023 Citaglobal bags RM261m KVDT2 rail rehabilitation The Klang Valley Electrified Double Tracking Phase 2 (KVDT2) is being developed by Dhaya Maju LTAT at a cost of RM4.475b. It was awarded on 19 Aug 2019 but the previous government cancelled it in a press conference on 28…