Capital markets executive summary | Tue 6 Jun 2023 Yinson buys Netherlands-based AFPS Yinson Bouvardia Holdings Pte Ltd plans to acquire the entire equity interest in AFPS BV from Atlanta Field BV via a call option for a maximum price of USD87.9m (RM405.6m). AFPS is the owner of floating, production, storage, and offloading (FPSO) Atlanta….
Capital markets executive summary | Fri 2 Jun 2023 Synergy House ended 18% below IPO price The cross-border e-commerce seller and exporter of ready-to-assemble home furniture appears to spark a trend of disappointing market debuts after Radium Development closed 23% lower. The stock was the 3rd most actively traded with 82.38m shares changing hands. It…
Capital markets executive summary | Thu 1 Jun 2023 Radium Development ended 23% lower on IPO The property developer bucked a recent trend of strong debuts by newly listed companies by closing at 38.5 sen from its initial public offering (IPO) price of 50 sen. Observers cite the soft investor interest in property stocks as…
Capital markets executive summary | Wed 31 May 2023 Farm Fresh 4Q net profit plunged 72.35% The figure fell from RM17.68m the prior year to RM4.89m in 4Q ended 31 Mar 2023. The poor results were blamed on higher raw material costs, weaker foreign exchange rate, higher distribution costs, larger salary expenses following the 25%…
Capital markets executive summary | Tue 30 May 2023 Cloudpoint ended up 35.5% on ACE Market debut The company’s share price jumped from its IPO price of 38 sen to 51.5 sen. It opened at a high of 75 sen with a volume of 17m shares. At the end of the day, 344.38m shares changed…
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 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 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 | Wed 24 May 2023 Coastal Contracts 3Q net profit up 347% Larger share of joint venture (JV) profit of RM129.87m boosted net profit from RM44.32m in 3Q ended 31 Mar 2022 to RM153.66m in 3Q ended 31 Mar 2023. The company earned higher interest income from a loan to a…
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…