Capital markets executive summary | Mon 3 Jul 2023

Capital markets executive summary | Mon 3 Jul 2023 MYMBN to be listed on ACE Market on 25 Jul The Melaka-based bird’s nest processor is positive on the growth of the industry and will expand its offerings in the industry’s value chain. Its midstream core business comprises selling raw uncleaned edible bird’s nests (RUCEBN) to…

Capital markets executive summary | Fri 30 Jun 2023

Capital markets executive summary | Fri 30 Jun 2023 Felda to issue government-guaranteed sukuk for debt restructuring The government in 2019 had agreed to guarantee the Federal Land Development Authority’s (Felda) financing for its 5-year transformation programme initiated in 2020. On 28 Jun, the finance minister signed the government guarantee for Felda’s sukuk and revolving…

Capital markets executive summary | Tue 27 Jun 2023

Capital markets executive summary | Tue 27 Jun 2023 Algeria supreme court dismisses Malakoff’s appeal The legal proceedings against Almiyah Attilemcania SPA (AAS) – in which Malakoff has a 35.7% indirect effective interest – was for a breach in 2014 of foreign exchange regulations on USD26.99m transactions relating to the sea water desalination plant in…

Capital markets executive summary | Mon 26 Jun 2023

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

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

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

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

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

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…