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Reports » Malaysia

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.

Malaysia stock market and companies daily report (July 23, 2014)

July 23, 2014, Wednesday
Talam Transform does not see a turnaround of its financial performance in the short term but expects an improvement over the medium or longer term. Tenaga Nasional (TNB) has secured a power purchase agreement (PPA) with Jimah East Power, a consortium of 1Malaysia Development and Mitsui & Co. WCT Holdings has bagged a RM341.9 million contract for the construction of roads within the Refinery and Petrochemical Integrated Development site in Pengerang, Johor Bahru.

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

July 22, 2014, Tuesday
Jakarta lawmakers are mulling over a proposed bill that requires foreign banks to reduce their stakes in Indonesian banks to 40 percent. Asian Utilities, an indirect unit of Gadang Holdings, has proposed to buy a 70 percent stake of Indonesia’s PT Dewata Bangun Tirta (DBT) for IDR55 million (RM14.9 million). Together with Luxmark View and Sheeco Properties, SYF Resources will develop 8.1 acres of freehold land in Cheras, Selangor Darul Ehsan, into a residential project with a gross development value (GDV) of RM160 million.

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

July 21, 2014, Monday
Compared with RM800 million in sales expected for FY14, MKH is estimating turnover close to RM1 billion for FY15. The firm recorded RM580 million in sales for FY13. WZ Satu proposed to acquire Misi Setia Oil and Gas (O&G) for RM27 million. YGL Convergence Malaysia, YGL Convergence’s subsidiary, will provide system and implementation of YGL’s proprietary software to Country Heights Holdings (CHH) worth RM1.1 million.

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

July 18, 2014, Friday
Pursuant to the letter of award received from Malaysia’s Ministry of Defence (MOD) in December 2011, Boustead Naval Shipyard (BNS), a subsidiary of Boustead Holdings, has inked a RM9 billion contract to supply six ships to the country’s navy. Sumatec Resources plans to undertake a rights issue to partly fund its US$250 million acquisition of Borneo Energy Oil and Gas. The MH17 flight was allegedly shot down a Russian-made surface-to-air missile while flying over eastern Ukraine en route to Kuala Lumpur from Amsterdam, killing all 298 people aboard. Tambun Indah Land will build a retirement village within its flagship integrated mix project ”Pearl City” in Simpang Ampat on Penang’s mainland.

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

July 17, 2014, Thursday
AirAsia X has agree to buy 50 Airbus A330-900neo jets, the latest version of best-selling widebody, with deliveries scheduled to begin in 2018. Felda Global Ventures Holdings (FGV) president and CEO Mohd Emir Mavani Abdullah has announced that FGV is looking spin off some of its companies under different clusters for listings, with the earliest happening only next year. Scomi Engineering announced that it will provide rolling stock technology, rolling stock and maintenance services to the planned RM5.9 billion ringgit subway project for Line 18 Bronze subway network in Sao Paolo, Brazil.

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

July 16, 2014, Wednesday
MSM Malaysia is on an expansion drive to become the world’s top three sugar makers by 2016. Instead of growing organically, MSM will embark in M&A as it claims to be the faster option. Following the news of Tambun Indah’s acquisition of 209.54 acres of land in Penang, RHB believe that the property developer is on track to be the largest listed landbank owner in Penang mainland. Hovid is looking to export to emerging markets and the middle east which it has yet to enter. RHB Research has estimated that its export contributions may rise to 56 percent in FY16 should this prove to be successful.

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

July 15, 2014, Tuesday
Tenaga Nasional’s (TNB) third quarter earnings ended May 31 could be affected by higher than expected costs due to the burning of more liquefied natural gas and distillates. Long term strategic opportunities could be derived, following Telekom Malaysia’s (TM) acquisition of Packet One Networks. TSH to acquire the entire issued and paid-up share capital in Icon Field Ventures (Icon) for RM24.48 million from Wingate Consolidation.

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

July 14, 2014, Monday
Aeon Co (M) acquired a piece of freehold land in Batu Pahat, Johor, for RM34.9 million to build a new shopping centre. Bina Darulaman (BD) has acquired 485 hectare (ha) of land spanning five districts in Kedah for RM204 million. Sumatec Resources is buying Borneo Energy Oil and Gas for US$250 million in cash and stock.

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

July 11, 2014, Friday
Malaysia’s industrial production index (IPI) improved 6 percent year-on-year in May, surpassing economists’ expectations of between 4 percent and 4.5 percent. Parkson Holdings has proposed to acquire a 60 percent stake in Giftmate and AUM Hospitality as well as a 50 percent stake in Valino International Apparel for a total cash consideration of RM59 million. Animation Theme Park, a joint venture between Perak Corporation and Sanderson Project Development Malaysia, is looking to develop Asia’s first animation theme park in Ipoh, Perak.

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

July 10, 2014, Thursday
RHB Capital (RHB), CIMB Group Holdings (CIMB) and Malaysia Building Society (MBSB) are seeking Bank Negara’s permission to merge. UMW Oil & Gas Corporation’s (UMWOG) business unit, UMW Offshore Drilling, has secured a contract by PTTEP International to provide drilling rig services for US$51.3 million (RM162.8 million). Yinson Holdings has received an offer from BW Offshore to either pare down or raise its stake in Petroleo Nautipa floating production, storage and offloading (FPSO) facility vessel.

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

July 9, 2014, Wednesday
Efficient Storage Solutions (Techpark), a subsidiary of Efficient E-Solutions, has agreed to purchase a 23,301 square metre freehold land located in the state of Negeri Sembilan for RM6.5 million. Fajarbaru Builder Group has been awarded a letter of acceptance from East Coast Economic Region Development Council for works on the proposed construction and completion of Kuantan Port City Port Link Road in Pahang, Malaysia, worth RM49.1 million. In a reorganisation exercise, Pelikan International Corporation is looking to inject its stationery business, including the manufacturing and distribution of writing instruments, into its subsidiary, Germany-listed Herlitz Aktiengesellschaft, in exchange for shares in the latter.

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

July 8, 2014, Tuesday
Fajarbaru Builder Group (FBG) has purchased three contiguous parcels of vacant land in Doncaster, Victoria Australia measuring 0.6 acres for a consideration of A$6.9 million (RM20.6 million). Following a corporate exercise with its Australian partner, 3D Oil, Hibiscus Petroleum will increase interest in its Australian oil and gas (O&G) exploration operations for US$23.5 million. Scomi International unveiled the potential of a monorail system in India as a feeder service provider to the metro rail, suburban railways and main railways in the metropolitan cities.