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Reports » Malaysia

Malaysia stock market and companies daily report (September 18, 2014)

September 18, 2014, Thursday
With more than RM1 billion worth of property projects in the pipeline, Fiamma Holdings’ property development business, which contributed 21.1 percent of its 9M14 turnover, is seen as a new growth driver for the company. For the quarter ended 31 July, George Kent (Malaysia) reported a 9.5 percent decline in revenue to RM75 million, mainly attributable to lower contributions from all three business segments. For the quarter ended 31 July, S P Setia recorded an 11.9 percent jump in top line to RM902.7 million, mainly contributed by higher revenue recognition from property development, coupled with higher profit contribution from completed parcels.

Malaysia stock market and companies daily report (September 17, 2014)

September 17, 2014, Wednesday
Hong Leong Investment Bank (HLIB) is upbeat on Fitters Diversified’s maiden venture into PVC-O pipes production, which would strengthen the group’s revenue model. Petronas Chemicals Group has inked a memorandum of understanding (MOU) with Poland’s Grupo Azoty Zaklady Azotowe Pulawy and Sipitang Oil and Gas Development Corporation, to conduct a joint feasibility study for the production of urea and ammonia derivatives at the Sipitang Oil and Gas Industrial Park in Sabah. Sarawak Cable announced last Friday that it had accepted the conditional offer made by HNG Capital for the proposed acquisition of the latter’s 100 percent stakes in Universal Cable (M) and Leader Cable Industry for RM210 million.

Malaysia stock market and companies daily report (September 16, 2014)

September 16, 2014, Tuesday
Brahim’s Holdings shared that it may try to ease the shortfall from possible route cuts by Malaysian Airlines Systems (MAS) through acquiring a food-based company. Priceworth International is expanding into the oil and gas (O&G) sector through a joint venture (JV) with Miri O&G company Semaring Enterprise. Maybank Investment Bank (Maybank IB) believes that there will be significant increase in volume to Westports Holdings coming from a new route sharing shipping alliance of Ocean three, which consists of mainly CMA CGM, China Shipping and United Arab Shipping Co.

Malaysia stock market and companies daily report (September 15, 2014)

September 15, 2014, Monday
Eco World Development Group is taking up the offer to buy a 190.2 hectares plot in Batu Kawan, Penang, from Penang Development Corp for RM1 billion, or RM50 per square foot. Genting Malaysia’s indirect 70 percent-owned unit, BB Entertainment (BBEL), is buying a 16.2 acre land located on the Bimini Islands, Bahamas for US$24.6 million (RM78.7 million) from RAV Bahamas, expanding the group’s resort property in the Bahamas. Thermo-vacuum form and vacuum plastic packaging manufacturer SCGM has set aside RM11.6 million in capital expenditure (capex) to expand into a new segment of plastic cup manufacturing by year-end.

Malaysia stock market and companies daily report (September 12, 2014)

September 12, 2014, Friday
Sources have indicated that Globaltec Formation is set to acquire a 49 percent stake in a hydroelectric power plant project sited at Sungai Perak, Lenggong, for RM2.5 million, marking its maiden foray into the renewable energy segment. Iris Corporation’s subsidiary, IRIS Land (PNG), has entered a 51:23:26 joint venture (JV) with the Central Provincial Government Of Free Mail Bag, Konedobu NCD, Papua New Guinea (PNG), and Jayacorp Holdings to build a satellite township on a 303.8-hectare land in Granville Province, PNG.

Malaysia stock market and companies daily report (September 11, 2014)

September 11, 2014, Thursday
Petronas Dagangan is exploring new overseas markets for its liquefied petroleum gas and lubricant businesses. Alliance DBS Research has reported that MKH is grossly oversold as a result of weaker than expected 3Q14 results. Driven by its four business pillars namely air freight forwarding, ocean freight forwarding, contract logistics and trucking division, logistics firm, Tasco, is targeting between 8 percent and 10 percent revenue growth for the current financial year ending 31 March 2015.

Malaysia stock market and companies daily report (September 10, 2014)

September 10, 2014, Wednesday
Digistar Corporation’s subsidiary, Nielsen Ward (NWSB), received a conditional approval for a money lending license from the Urban Wellbeing, Housing and Local Government Ministry’s Moneylenders and Pawnbrokers Department. Ideal Sun City Holdings has proposed the acquisition of 46 units of commercial space in Daerah Timor Laut, Penang, for RM18 million and four units of three-storey shop offices in Daerah Barat Daya, Penang, for RM8 million from Ideal Capital Intelligence.

Malaysia stock market and companies daily report (September 09, 2014)

September 9, 2014, Tuesday
For the quarter ended 31 July, Berjaya Auto reported an 18.6 percent rise in revenue to RM508 million, mainly attributable to higher sales volume of Mazda vehicles in Malaysia and the Philippines. Eversendai Corporation’s subsidiary, Eversendai Oil & Gas (M), has secured its first oil and gas (O&G) contract for two separate packages valued at RM72.2 million. Ho Hup Construction’s 70 percent-owned subsidiary, Ho Hup (Myanmar) E&C has formed a joint venture (JV) with Zaykabar, to develop a high-end residential property project, with an estimated gross development value of US$200 million (RM634.8 million) in Yangon, Myanmar.

Malaysia stock market and companies daily report (September 08, 2014)

September 8, 2014, Monday
Bank Islam Malaysia (BIMB), the Islamic bank under BIMB Holdings, expects a 20 percent consumer loan growth this year despite having grown 25 percent last year. SAM Engineering & Equipment (M) has set aside RM200 million to invest in its operations in Malaysia over the next two years and is seeking organic expansion and expansion through acquisitions. Glove maker Supermax Corp expects strong growth in the coming year, as it expands distribution of its own brand manufacturing (OBM) products in India, China and Japan.

Malaysia stock market and companies daily report (September 05, 2014)

September 5, 2014, Friday
With the acquisition of its five new properties, for RM472 million this year, the Managers of Axis REIT expects the value of the REIT to surpass the RM2 billion mark. Digistar Corporation’s wholly-owned subsidiary, Digistar Holdings will acquire 350,000 ordinary shares of RM1 each, representing a 70 percent stake in Protecs A & A CMS. Pos Malaysia plans to spend more than RM150 million as capital expenditure (CAPEX) for the financial year ending 31 March, 2015.

Malaysia stock market and companies daily report (September 04, 2014)

September 4, 2014, Thursday
Dayang Enterprise Holdings has proposed to undertake a private placement of up to 10 percent of the company’s outstanding number of shares. Yeoh Soo Ann, former chief executive officer of Encorp has purchased a 17.4 percent stake of Furniweb Industrial Products on 28 August via a direct deal. Ivory Properties Group 49 percent-owned Aspen Vision Land (AVL) has sealed a deal with Penang Development Corporation to acquire a 245-acre land in Bandar Cassia, Batu Kawan, where most of the land is earmarked for mixed development.

Malaysia stock market and companies daily report (September 03, 2014)

September 3, 2014, Wednesday
Berjaya Land’s wholly-owned subsidiary, Berjaya Leisure (Cayman), together with Berjaya Times Square (Cayman), has signed a memorandum of understanding (MOU) with Carnival Group to dispose a total 70 percent interest in Berjaya (China) Great Mall Co (GMOC). Brahim’s Holdings is expected to be affected once Malaysian Airline System (MAS) migrates its operations to its new company (Newco) by July next year. Euro Holdings received a takeover offer from its executive director, Datuk Tong Yun Mong, and two major shareholders, Datuk Seri Choong Yuen Kheong and Tee Wee Sien, for the remaining 52.3 percent of the company that they do not own for a cash consideration of RM0.44 a share.

Malaysia stock market and companies daily report (September 02, 2014)

September 2, 2014, Tuesday
Mudajaya Group aims to enhance profit margins by reducing its dependence on construction work from third parties though increasing its recurring income business. SapuraKencana Petroleum’s subsidiary, SapuraKencana Energy Sarawak (SKE) has made another gas discovery from Bakong-1. Sentoria Group has secured two parcels of land in Padang Matsirat and Mukim Ulu Melaka, Langkawi, measuring a total 120 acres for RM41.4 million, with both parcels carrying a lease period of 90 years.

Malaysia stock market and companies daily report (September 01, 2014)

September 1, 2014, Monday
CIMB Group Holdings posted a 1 percent dip in net revenue from RM3.44 billion in 2Q13 to RM3.4 billion in 2Q14. Felda Global Ventures Holdings (FGV) has announced the proposed acquisition of Singapore-incorporated plantation company Asian Plantations (APL) for GBP120 million (approximately RM628 million). For the financial year ended 30 June, Sime Darby registered a 4.8 percent decline in revenue to RM43.9 billion, on the back of weaker contributions from its plantation, industrial, motors and energy and utilities segments.

Malaysia stock market and companies daily report (August 29, 2014)

August 29, 2014, Friday
For the quarter ended 30 June, BIMB Holdings reported an 86.4 percent surge in net profit to RM129.7 million, on the back of lower operating overheads and higher write back for impairment on investments and other assets. For the six-month period, earnings spiked 76.1 percent to RM253.1 million. The great leap in net profit attributable to shareholders was the result of the acquisition of a 49 percent interest in Bank Islam Malaysia.

Malaysia stock market and companies daily report (August 28, 2014)

August 28, 2014, Thursday
Esthetics International Group (EIG), plans to invest RM60 million to expand its corporate outlets in 10 different locations locally and abroad. For the quarter ended 30 June, RHB Capital reported a marginal 0.8 percent rise in net revenue to RM1.4 billion. Telekom Malaysia (TM) reported an 8 percent increase in revenue to RM2.8 billion for the quarter ended 30 June, bolstered by better performances across all services.

Malaysia stock market and companies daily report (August 27, 2014)

August 27, 2014, Wednesday
Carlsberg Brewery Malaysia (Carlsberg) posted a 3.3 percent year on year increase in revenue to RM356 million in 2Q14 from RM344.5 million in 2Q13. For the quarter ended 30 June, Dutch Lady Milk Industries registered a 7.4 percent jump in revenue to RM268.2 million, on the back of volume progression and price adjustments. For the year ended 30 June, Hong Leong Financial Group’s (HLFG) net revenue rose 4.2 percent to RM4.6 billion, bolstered by improved performances across all three business divisions, namely commercial banking, insurance and investment banking.

Malaysia stock market and companies daily report (August 26, 2014)

August 26, 2014, Tuesday
AMMB Holdings has decided to divest its wholly-owned subsidiary, AmFraser Securities, to Taiwan-based stockbroking company, KGI Asia, for a consideration of RM96.3 million. Eversendai Corporation has secured a RM113 million contract for total renovation works on the Khalifa Olympic Stadium in Doha, Qatar. For the quarter ended 30 June, Felda Global Ventures Holdings’ (FGV) revenue surged 36.5 percent to RM4.1 billion, underpinned by higher crude palm oil prices and the consolidation of Felda Holdings into FGV.

Malaysia stock market and companies daily report (August 25, 2014)

August 25, 2014, Monday
For the quarter ended 30 June, AMMB Holdings’ revenue increased 8.4 percent year-on-year to RM2.6 billion from RM2.4 billion while net profit rose 16.2 percent year-on-year to RM536.9 million from RM462 million underpinned by a one-time gain from sale of a circa 50 percent partnership stake in AmLife and AmFamily Takaful. Daya Materials has acquired two dynamic positioning class 2 offshore subsea construction vessels from Siem Offshore Rederi AS (SORA) for RM888.2 million. UMW Engineering Services, a unit of UMW Holdings, has agreed to supply over 60 units of Komatsu equipment in Myanmar worth RM200 million.

Malaysia stock market and companies daily report (August 22, 2014)

August 22, 2014, Friday
Kumpulan Europlus has entered into a memorandum of understanding (MOU) with Tan Sri Dato’ (Dr) Ir Chan Ah Chye to sell 840 million shares in Talam Transform to the latter for RM92.4 million, or RM0.11 per share. For the three months ended 30 June 2014, Scomi Energy Services posted revenue of RM365.7 million, up 14 percent year-on-year, driven by improved activity levels in its oilfield service division and a new contract secured in its marine services division. Selangor Dredging expects to launch new projects worth RM500 million in the next six to nine months, enhancing its portfolio of niche development and increase its earnings in the coming years.

Malaysia stock market and companies daily report (August 21, 2014)

August 21, 2014, Thursday
In its 2Q14, Boustead Plantations posted a net profit of RM9.4 million on revenue of RM188.7 million. Despite posting lower revenue for the quarter ended 30 June 2014, IOI Corporation’s net profit soared 50.5 percent to RM407.5 million. Oldtown aims to open 21 to 27 new cafes in Malaysia, Singapore, Indonesia and Australia by FY15.

Malaysia stock market and companies daily report (August 20, 2014)

August 20, 2014, Wednesday
Bumi Armada’s subsidiary, Bumi Armada Offshore Holdings, together with its joint venture company, PT Armada Gema Nusantara, have been contracted to lease a floating production, storage and offloading vessel (FPSO) to Husky-CNOOC Madura. Over various dates between 11 June and 18 August, Masterskill Education Group sold its entire stake in HK-listed restaurant operator, Gayety Holdings, for RM33.2 million. Parkson Holdings has proposed to dispose KL Festival City Mall, measuring approximately 487,342 square feet (sqf) in net lettable area (NLA), to Festiva Mall and AsiaMalls for RM349 million in cash.

Malaysia stock market and companies daily report (August 19, 2014)

August 19, 2014, Tuesday
SMTrack has entered into a joint venture (JV) with Chongqing Zhenxin Investment (CZI) to conduct information technology and related applications to facilitate trade and distribution within the Chongqing free trade zones in China. For the three months ended 30 June 2014, Star Publications (Malaysia) posted a 9.2 percent rise in turnover to RM274.5 million while net profit grew 38 percent to RM39.4 million. Tune Ins Holdings (TIH) recorded a 14.9 percent increase in pre-tax profits to RM37.9 million in the first half of financial year 2014. First half revenue rose 17.4 percent to RM215.5 million from RM183.5 million in 1H13.

Malaysia stock market and companies daily report (August 18, 2014)

August 18, 2014, Monday
Icon Offshore’s subsidiary, Icon Fleet, has agreed to form a 49:51 joint venture (JV) with Zell Transportation to provide offshore support vessels (OSV) to service contracts and operations in Negara Brunei Darussalam. Malaysia Building Society (MBSB) posted a 9.4 percent year-on-year increase in revenue to RM672.1 million in 2Q14. Texchem Food, a subsidiary of Texchem Resources, has inked a JV with Mascot Industries Company to process seafood and manufacture seafood value-added products in Myanmar.

Malaysia stock market and companies daily report (August 15, 2014)

August 15, 2014, Friday
In the quarter ended 30 June 2014, Media Prima posted a net profit of RM35.8 million down 40.4 percent year-on-year, in line with a 16.7 percent narrowing of turnover to RM388.6 million. Malaysian Resources Corporation will pay RM816.6 million for a 70 percent interest in a joint venture (JV) with the Employees Provident Fund Board’s unit, Kwasa Land, to develop Project MX1 in Selangor, which is expected to have a gross development value of RM8 billion. For its 2Q14, OSK Property Holdings posted revenue of RM184 million, up 77.4 percent from a year earlier on the back of achieving more advanced construction progress for its on-going projects.

Malaysia stock market and companies daily report (August 14, 2014)

August 14, 2014, Thursday
Boustead Heavy Industries Corporation (BHIC) recorded a 7.5 percent year-on-year increase in revenue to RM66.5 million in 2Q14, underpinned by the chartering segment due to higher average charter as well as the Belum topside project also contributed marginally to the revenue from the heavy engineering segment. Berjaya Assets reported a 2.7 percent year-on-year increase in revenue to RM106.5 million in 4Q14, underpinned by contributions from the gaming business segment operated by Natural Avenue due to higher number of draws in the current quarter under review as compared to the previous year corresponding. CLIQ Energy has narrowed down two assets, which range from pre-development to production types, from five shortlisted qualifying assets (QA) to acquire.

Malaysia stock market and companies daily report (August 13, 2014)

August 13, 2014, Wednesday
Grand-Flo aims to generate half of its revenue from its new venture in property development by next year. Its venture into property development will be driven by its acquisition of a 50 percent plus one share of Innoceria for RM15 million. Malayan Banking (Maybank) has launched Etiqa Insurance in 22 branch offices located in Singapore. Nestle (Malaysia) registered a 4.6 percent growth in revenue to RM1.3 billion for the second quarter ended 30 June 2014, stemmed from better sales through marketing and promotional activities.

Malaysia stock market and companies daily report (August 12, 2014)

August 12, 2014, Tuesday
Mah Sing Group will develop its biggest freehold township, at a gross development value (GDV) of RM7.5 billion with its acquisition of 960 acre land in Seremban. Petronas Chemicals Group’s earnings fell 42.1 percent year-on-year to RM555 million in 2Q14, underpinned by lower volumes and prices of fertilizers and methanol. Brahim’s Holdings may be impacted as Malaysian Airline System (MAS) decide to cut capacity on its long haul routes; shorter routes would only require loading of two sets of meals on board unlike the need for two to three sets of meals for long-haul routes.

Malaysia stock market and companies daily report (August 11, 2014)

August 11, 2014, Monday
Fitters Diversified expects its RM90 million pipe manufacturing plant in Kuantan, to be completed in 4Q14 with three production lines churning out RM150 million in revenue and subsequently, doubling that by 4Q15, enabling it to be Fitters’ main revenue contributor. Karex has proposed to acquire a 55 percent interest in US-based Global Protection Corporation (GPC) for US$6.6 million (RM21 million). Mah Sing Group will develop four residential projects with two located in Kuala Lumpur (KL) and two located in Penang.

Malaysia stock market and companies daily report (August 08, 2014)

August 8, 2014, Friday
Pelaburan Mara Bhd (PMB) has acquired a 9.7 percent stake in BHS Industries, increasing its stake to 18 percent. KNM Group’s subsidiary, KNM Process Systems, has been selected as the sub-contractor for a US$1.3 billion project that Sinopec Engineering Group Co secured from PRPC Refinery And Cracker. Singapore billionaire Peter Lim has launched a mandatory general offer (MGO) for the remaining 40.8 percent of TMC Life Sciences at RM0.48 per share and RM0.08 a warrant.

Malaysia stock market and companies daily report (August 07, 2014)

August 7, 2014, Thursday
Boustead Holdings intends to purchase an 80 percent stake in PFC Engineering (PFCE) for RM20 million. EITA Elevator (Malaysia), a subsidiary of Eita Resources, has been awarded a RM15.3 million project from Mass Rapid Transit Corporation as the designated contractor for Package LS-U (R1). MBM Resources’ (MBMR) subsidiary F.A. Trucks (FAT) has entered into a distributorship agreement with an Italy-based company, Industrial Vehicles Corporation (IVECO), as the authorised distributor for the sale and service of IVECO vehicles and spare parts in Malaysia.

Malaysia stock market and companies daily report (August 06, 2014)

August 6, 2014, Wednesday
The manager of Axis Real Estate Investment Trust (Axis REIT) has five asset acquisitions lined up this year that would increase its assets under management to RM2 billion. For the quarter ended 30 June, Hartalega Holdings recorded a modest 0.4 percent gain in turnover to RM279.2 million, from RM278 million a year earlier. WZS KenKeong, a subsidiary of WZ Satu, has secured a contract from Laksana Amanbina for the construction of an interchange at the existing Federal Route 3, Kuantan, Pahang Darul Makmur.

Malaysia stock market and companies daily report (August 05, 2014)

August 5, 2014, Tuesday
Bina Puri Holdings has bagged a new contract valued at RM115.4 million, for the construction and completion of building works and external works for KOUMS Asrama Block A (Phase 2) in Kampung Numbok, Sabah. Cash rich Felda Global Ventures Holdings is eyeing plantation land globally in an effort to become one of the world’s top agribusiness firms by 2020. RHB Research has maintained its “Neutral” rating but upgraded Hartalega’s fair value to RM6.95 on new growth and the Ebola virus disease outbreak.

Malaysia stock market and companies daily report (August 04, 2014)

August 4, 2014, Monday
Econpile Holdings has bagged a RM23 million construction contract for the substructure of a mixed residential and commercial property development project in Kuala Lumpur. Farlim Group (Malaysia) has proposed to acquire a 37.5 hectare land situated in Daerah Batang Padang, Negeri Perak, for RM19 million. REDtone Telecommunications China, a subsidiary of REDtone International, has agreed to sell its China unit, Shanghai Hongsheng Business Administration Co (SHBA), to Guotai Investment Holdings for Rmb28 million (RM14 million) in cash.

Malaysia stock market and companies daily report (August 01, 2014)

August 1, 2014, Friday
George Kent (Malaysia), a firm mainly involved in infrastructure construction and the water meter sector, is eyeing a diversification into the oil and gas (O&G) sector. Sime Darby announced that it is the preferred party for Kulim’s (Malaysia) 49 percent interest in New Britain Palm Oil (NBPO). A consortium comprising of Zelan’s subsidiary, Zelan Construction, has won a contract for the construction of a drawbridge in Kuala Terengganu City Centre worth RM248.7 million.

Malaysia stock market and companies daily report (July 31, 2014)

July 31, 2014, Thursday
China Stationery (CSL) has disclosed an estimated loss of Rmb332.7 million arising from a fire that occurred at its plant in Fujian province, China, on 4 April, 2014. Opcom Holdings has proposed to acquire a 40 percent interest in Unigel (UK), a firm involved in lubricant pumping equipment, lubricants and consumables, for US$3.7 million (RM11.7 million). Scomi Energy Services has proposed a renounceable rights issue of up to RM140.5 million five-year redeemable convertible bonds, expected to be completed by 1Q15.

Malaysia stock market and companies daily report (July 30, 2014)

July 30, 2014, Wednesday
SP Setia shifts its focus away from high-end development properties as it intends to put up more options of affordable housing over the next five years in Penang. Sources have indicated that Titijaya Land is intending to submit a proposal to KTMB for the construction of a commercial building on a piece of land in the Klang Valley. With the impending implementation of the goods and services tax (GST) on 1 April 2015, UEM Sunrise sees demand for homes tapering off.

Malaysia stock market and companies daily report (July 29, 2014)

July 29, 2014, Tuesday
Country Height Holdings’ tourism unit, Palace Vacation Club, has formed a pact with Cherish-Yearn Co to improve aged care services in Asia. In line with Genting Malaysia’s aim to increase yields per customer in the long term, through its Integrated Tourism Plan, the firm has strategised to increase its mix of premium mass customers aside from raising overall visitor volumes. For the quarter ended 30 June, 2014, LPI Capital’s net profit surged 9.9 percent to RM51.2 million, up from RM46.6 million a year earlier.

Malaysia stock market and companies daily report (July 25, 2014)

July 25, 2014, Friday
Malaysian Resources Corporation (MRC) has agreed to acquire the remaining 51 percent stake in Penang Sentral, which it does not own, for RM50.8 million. Boustead Holdings has proposed the acquisition of the Hyde Park Hotel in London, United Kingdom, for RM139 million. Tenaga Nasional (TNB) has signed an agreement with SIPP Energy for a joint venture (JV) to build, own and operate a power plant of approximately 1000MW to 1400MW in Pasir Gudang, Johor.

Malaysia stock market and companies daily report (July 24, 2014)

July 24, 2014, Thursday
Berjaya Food plans to acquire the remaining 50 percent stake in Berjaya Starbucks Coffee Company for RM279.5 million. CIMB Group Holdings’ 60 percent-owned subsidiary, CIMB-Principal Asset Management Co (CPAM), has proposed to Thai-based Finansa Asset Management (FAM) for THB225 million (RM22 million). Robust growth in the container segment lifted Westports Holdings’ 2Q14 top line 1.9 percent to RM409 million.