Capital markets executive summary | Mon 26 Jun 2023 Yinson 1Q net profit up 73% The figure jumped from RM120m in 1Q ended 30 Apr 2022 to RM208m in 1Q ended 30 April 2023 due to higher contribution from the engineering, procurement, construction, installation and commission (EPCIC) business. Revenue soared 200% from RM1.01b to RM3.02b…
Capital markets executive summary | Fri 23 Jun 2023 Gamuda 3Q net profit almost flat but excitement for Penang reclamation The company posted net profit of RM223.36m for the quarter ended 30 Apr 2023, up 0.85% against RM221.49m the previous year. Stronger overseas construction earnings held up the numbers. Revenue, nonetheless, jumped 81.22% from RM1.14b…
Capital markets executive summary | Thu 22 Jun 2023 Daythree Digital IPO price at 30 sen The company, which was founded in 2016, is a global business services (GBS) provider that focuses on customer experience (CX) and lifecycle management services enabled by digital tools developed in-house. Its clients are in energy and utilities, telecommunications and…
Capital markets executive summary | Wed 21 Jun 2023 AGX Group to list on ACE Market The company provides logistics services including sea freight forwarding, airfreight forwarding, aerospace logistics, warehousing, other third-party logistics services and road freight transportation. It has an 18-year track record with presence in Malaysia, the Philippines, South Korea, Myanmar and Singapore….
Capital markets executive summary | Tue 20 Jun 2023 Leader Energy plans RM2b IPO This would be Malaysia’s biggest initial public offering (IPO) since 2017. The power company expects to submit its prospectus to the Securities Commission by end-Jun and the listing is anticipated to happen in Dec 2013. The company is a subsidiary of…
Capital markets executive summary | Mon 19 Jun 2023 CN Asia diversifies into downstream oil and gas in Kazakhstan The company signed an agreement with Markmore Energy (Labuan) Limited (MELL) and CaspiOil Gas LLP (COG) to build a central processing complex (CPC) plant and pipeline at the Rakushechnoye Oil and Gas Field in Kazakhstan to…
Capital markets executive summary | Fri 16 Jun 2023 F&N to invest RM1b in upstream fresh milk business Fraser & Neave Holdings Berhad launched its upstream fresh milk business with the development of its integrated dairy farm in Gemas, Negeri Sembilan. Phase 1 will produce 100m litres of fresh milk. The 2,726-hectare farm will eventually…
Capital markets executive summary | Thu 15 Jun 2023 Ewein receives takeover offer at 60 sen The company manufactures precision sheet metal moulds, tools, dies and fabricated parts used in electrical and electronics equipment, precision plastic injection moulding products and product finishing. Nationgate Holdings Berhad’s managing director and major shareholder Ooi Eng Leong raised his…
Capital markets executive summary | Wed 14 Jun 2023 TM gets 10-year concession extension for MyGov*Net In Jan, Telekom Malaysia Bhd (TM) accepted a letter of implementation for the extension of the MyGov*Net concession from 1 Jan 2023 to 31 Dec 2032. Yesterday, GITN Sdn Bhd – a wholly-owned subsidiary of TM – signed the…
Capital markets executive summary | Tue 13 Jun 2023 RSS and IDSS minimum market cap reduced to RM200m Bursa Malaysia announced that the minimum market capitalisation of approved securities for regulated short selling (RSS) and intra-day short selling (IDSS) has been lowered from RM500m previously. Securities that meet Bursa-prescribed criteria – or approved securities –…