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…

Capital markets executive summary | Mon 15 May 2023

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 | Wed 3 May 2023

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

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…