Capital markets executive summary | Mon 29 May 2023

Capital markets executive summary | Mon 29 May 2023 KNM proposes to sell FBM Hudson Italiana to British Midland FBM Hudson Italiana manufactures heat exchangers and high-pressure equipment for the oil and gas industry. The proposed listing of FBM Hudson Italiana and FBM-KNM FZCO on Catalist – the sponsor-supervised board of the Singapore Stock Exchange…

Capital markets executive summary | Fri 26 May 2023

Capital markets executive summary | Fri 26 May 2023 Ekuinas mulls exiting Al-Ikhsan The government-owned private equity firm bought 35% equity in Al-Ikhsan – a sports gear and clothing retailer – in 2016 for RM68.6m. The company currently operates 181 stores. It posted sales of RM330m in 2019 but the Covid lockdowns affected sales in…

Capital markets executive summary | Thu 25 May 2023

Capital markets executive summary | Thu 25 May 2023 CelcomDigi 1Q net profit up 34.63% The figure rose from RM236.15m in 1Q ended 31 Mar 2022 to RM317.92m in 1Q ended 31 Mar 2023. Underlying the results was improved revenue contributions and foreign exchange gains offset by accelerated depreciation. This is the 1st full quarter…

Capital markets executive summary | Tue 23 May 2023

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

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 | Tue 16 May 2023

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…