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…
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…