-->

Type something and hit enter

Featured post

买复原能力强的股票/冷眼

On

 
BAT Malaysia, Sapura Energy, TNB, Texchem, Permaju, KAB, Yi-Lai, Supermax, Ralco, VS Industry and NWP

KUALA LUMPUR (Feb 10): Based on corporate announcements and news flow today, companies that may be in focus tomorrow (Feb 11) include: British American Tobacco (Malaysia) Bhd (BAT Malaysia), Sapura Energy Bhd, Tenaga Nasional Bhd (TNB), Texchem Resources Bhd, Permaju Industries Bhd, Kejuruteraan Asastera Bhd (KAB), Yi-Lai Bhd, Supermax Corp Bhd, Ralco Corp Bhd, VS Industry Bhd and NWP Holdings Bhd.

British American Tobacco (Malaysia) Bhd saw its net profit sink 25.57% to RM72.72 million for the fourth quarter ended Dec 31, 2020 (4QFY20), from RM97.70 million for 4QFY19, as it recorded lower revenue and higher operating expenses, while cost of sales grew. Quarterly revenue slipped to RM660.23 million from RM662.45 million. It announced a fourth interim dividend of 27 sen, payable on March 9. For the full year, the group’s net profit dropped 30.04% to RM241.84 million, from RM345.7 million last year, which it blamed on the continued growth of the tobacco and vaping black market that now control 70% of the market, while revenue fell 7.7% to RM2.32 billion from RM2.51 billion.

Sapura Energy Bhd said today that its wholly-owned subsidiaries and joint venture (JV) company have been awarded RM1.85 billion worth of contracts and contract extensions, comprising engineering and construction, and drilling works in Saudi Arabia, Thailand, Brunei and Malaysia.

Tenaga Nasional Bhd (TNB) announced today of Datuk Baharin Din's appointment as president and chief executive officer (CEO) of the Malaysian government-controlled utility, effective March 1, 2021. This was after the Employees Provident Fund (EPF) confirmed the appointment of Datuk Seri Amir Hamzah Azizan as its chief executive officer (CEO) effective March 1, 2021, taking over from incumbent Tunku Alizakri Alias.

Diversified conglomerate Texchem Resources Bhd has warned that its operations in Myanmar may be disrupted by the volatile political situation there. As Myanmar’s political situation continues to evolve and remain unclear at this juncture, the group said it will continue to closely monitor the situation in Myanmar, and will provide further update when there are significant developments.

Electrical and mechanical engineering services provider Kejuruteraan Asastera Bhd (KAB) has proposed to undertake a share split of every 10 existing shares into 18 split shares, followed by a one-for-two bonus issue of warrants. Depending on the number of KAB shares in issue as at the entitlement date for the share split, the company’s enlarged share capital may be subdivided up to 1.76 billion shares, while the proposed bonus issue of warrants will entail the issuance of up to 881.9 million warrants on the basis of one free warrant for every two shares held on an entitlement date to be determined later.

Ceramic wall and floor tile manufacturer Yi-Lai Bhd is planning a bonus issue of 97.05 million shares on the basis of two bonus shares for every three existing shares held, and a name change to YB Ventures Bhd. Following the bonus issue, the group's share capital will increase to 242.62 million shares, from 145.57 million shares currently.

Supermax Corp Bhd said the temporary shutdown of its plants in Meru, Klang, will not have a significant impact on its revenue and earnings for the financial year ending June 30, 2021, and is estimating a less than 1% loss in annual production.

Plastic products maker Ralco Corp Bhd has announced a temporary stoppage of its manufacturing facility in Nilai, Seremban until Feb 15, after several of its factory workers tested positive for Covid-19. As a result of the temporary closure of the affected plant premise, the capacity loss is estimated to be less than 1% of the total annual output volume. Its other production facilities located elsewhere are operating normally.

VS Industry Bhd has received notice from the Ministry of Health of Malaysia (MoH) to temporarily close three of its factories in Senai, Johor for a week, to carry out deep cleaning and disinfecting exercise at those affected factories. The factories, which will be closed from Feb 11 to Feb 17, are not expected to have any significant impact on the company’s operations and financial performance.

NWP Holdings Bhd said today that the Companies Commission of Malaysia (CCM) has charged it for failing to obtain shareholders’ approval at its annual general meeting for the directors’ fees paid for the financial year ended Aug 31, 2017 and Aug 31, 2018. NWP said it has been issued two summonses by the regulator and that upon conviction, it could be fined not more than RM3 million for each charge. The company has pleaded not guilty to the charges and the case has been fixed for mention on March 1.

https://www.theedgemarkets.com/article/bat-malaysia-sapura-energy-tnb-texchem-permaju-kab-yilai-supermax-ralco-vs-industry-and-nwp

Click to comment
Back to Top
Back to Top