KUALA LUMPUR (Jan 28): Based on corporate announcements and news flow today, stocks in focus for Wednesday (Jan 29) may include the following: Sime Darby Property Bhd, Tambun Indah Land Bhd, Icon Offshore Bhd, Pos Malaysia Bhd and Iris Corp Bhd.
Sime Darby Property Bhd (SDP) has appointed Datuk Azmir Merican Azmi Merican as its group managing director effective April 22, 2020.
SDP said Azmir brings a wealth of experience from his background in financial advisory and as a senior business leader.
Azmir is currently the managing director/chief executive officer of UEM Edgenta Bhd and has tendered his resignation last Friday, to take effect on April 21.
Tambun Indah Land Bhd has entered into a Memorandum of Understanding with Show Chwan Medical Care Corp to collaborate in the proposed establishment of Penang Show Chwan Hospital in Pearl City, Penang.
The company said Show Chwan, based in Taiwan, owns and operates eight hospitals with 3,600 beds and more than 5,000 employees in its operations.
The project is envisaged to be a multi-disciplinary medical centre with approximately 250 beds situated on a four-acre piece of land in Pearl City Business Park.
Under the MoU, the parties will collaborate on hospital master planning and development, project management and construction, as well as hospital operations, management and infrastructure.
Bursa Malaysia had uplifted the dynamic price threshold mechanism on Icon Offshore Bhd from 3.20pm to 3.30pm today.
During that period, orders can be matched within 30% or 30 sen up and down of the reference price. The reference price was 81.5 sen and the upper and lower limit were RM1.11 and 51.5 sen respectively.
Icon Offshore's securities were categorised as designated counters until further notice by Bursa Malaysia effective today, due to excessive speculation. This means trading of the offshore support vessel provider's securities require upfront payment before buying, and a free balance of securities before selling.
Pos Malaysia Bhd will raise postage rates for registered mail, commercial mail and small parcels below 2kg, effective Feb 1.
The postal group said the new rates were the result of rising operational costs and the increase in the international rate structure by the Universal Postal Union (UPU).
Stamp rates for commercial mail will increase by 70 sen, which is more than double, to RM1.30. The price of commercial private letterboxes will increase by RM150 to RM200 a year.
The postage of commercial registered mail will increase by 90 sen to RM3.10, while non-commercial registered mail will leap 20 sen to RM2.40.
Iris Corp Bhd has won an RM3.94 million contract from the Ministry of International Trade and Industry (MITI) for the provision of control card access meeting rooms for the upcoming Asia-Pacific Economic Cooperation (APEC) summit this year.
The contract is expected to contribute positively to the earnings and net assets per share of Iris for the financial years ending 31 March 2020 onwards until the expiry of the contract.
https://www.theedgemarkets.com/article/sime-darby-property-tambun-indah-land-icon-offshore-pos-malaysia-and-iris-corp
