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…
Capital markets executive summary | Tue 9 May 2023 Hartalega to decommission Bestari Jaya facility Once one of the stock market’s darlings during Covid with its share price peaking at RM20.28 on 30 Jul 2020, the company now makes the painful decision to decommission 4 plants with 40 production lines accounting for 30% of total…
Capital markets executive summary | Mon 8 May 2023 F&N records net profit of RM102m for 2Q2023 The figure rose 8.6% from RM93.9m in 2Q2022 ended 31 Mar 2023. Revenue climbed 8.9% from RM1.1b to RM1.2b. For 1H2023, net profit surged 60.5% from RM186.8m to RM299.8m, while revenue increased by 9.5% from RM2.21b to RM2.42b….
Capital markets executive summary | Fri 5 May 2023 Petronas to invest USD4.1b in Tamil Nadu The state government has given its approval for Petronas to build a green hydrogen and ammonia plant at the Cabinet meeting chaired by chief minister MK Stalin in Chennai on 3 May. Petronas has a number of businesses in…
Capital markets executive summary | Wed 3 May 2023 Mulpha’s Australian unit secures AUD160m green construction facility Mulpha Norwest Quarter Development Pty Ltd accepted the syndicated facility from Australia and New Zealand Banking Group Ltd and Clean Energy Finance Corporation. The facility will be used to finance the construction of Stage 1 of Norwest Quarter…
Capital markets executive summary | Tue 2 May 2023 PGF Capital net profit up 700% The insulation products manufacturer recorded net profit of RM16.4m in the financial year ended 28 Feb 2023 compared to RM1.9m the prior year. This included a RM10.7m reversal of impairment on development properties offset by RM3m elimination of unrealised profit…
Capital markets executive summary | Fri 28 Apr 2023 Boost considers up to USD100m fundraising round Boost Holdings Sdn Bhd – a unit of Axiata Group Berhad, Malaysia’s biggest wireless firm by revenue – has engaged a financial adviser. The fundraising is expected to raise USD50m-USD100m (RM223m-RM446m) thereby giving the start-up a valuation of several…