Serba Dinamik, Top Glove, DRB-Hicom, EP Manufacturing, SEB, KESM, MAHB, PPB and UWC
KUALA LUMPUR (March 8): Based on corporate announcements and news flow on Tuesday (March 8), companies that may be in focus on Wednesday include Serba Dinamik Holdings Bhd, Top Glove Corp Bhd, DRB-Hicom Bhd, EP Manufacturing Bhd, Seremban Engineering Bhd (SEB), KESM Industries Bhd, Malaysia Airports Holdings Bhd (MAHB), PPB Group Bhd and UWC Bhd.
The High Court has dismissed an originating summons by Serba Dinamik Holdings Bhd for an injunction to be imposed on Ernst & Young Consulting Sdn Bhd to restrain it from sharing any findings or opinions of its special independent review with Bursa Malaysia or other parties. This comes after the oil and gas group argued that the firm is not a qualified auditor.
Top Glove Corp Bhd has postponed a plan to raise US$347 million in a Hong Kong listing due to elevated market uncertainty, after Russia’s invasion of Ukraine. The glove maker said its decision to postpone a dual listing on the Hong Kong Stock Exchange is for the company’s long term benefit, adding that it is in no hurry to make a decision and has decided to give itself more time to pursue the Hong Kong listing exercise.
DRB-Hicom Bhd said an arbitration tribunal has decided in favour of its subsidiary Proton Holdings Bhd and Lotus Group International Ltd (LGIL) in relation to the 860.61 million yuan (RM570 million) civil complaint filed by Goldstar Heavy Industries Co Ltd. Goldstar’s claim pertained to an equity joint venture contract entered into by Proton, LGIL and Goldstar in April 2015 to form a joint venture company — Goldstar Lotus Automobile Co Ltd. DRB Hicom said the Hong Kong International Arbitration Centre tribunal has declared that the contract was validly terminated on Feb 22, 2018.
Auto parts maker EP Manufacturing Bhd is venturing into the manufacturing and distribution of two-wheeled electric vehicles (EVs) for Malaysia and other Southeast Asian markets. The group on Tuesday signed an agreement with CIS Pride Silver Rock Fund and Sharkgulf Technologies Group Ltd to undertake the business.
Dutch Lady Milk Industries Bhd (DLMI) has appointed Seremban Engineering Bhd (SEB) as the main contractor to build its new manufacturing plant in Techpark, Bandar Enstek, Negeri Sembilan. The contract valued at over RM100 million will include all civil, structural and architectural works to be overseen by SEB in this project spanning approximately 13 hectares.
KESM Industries Bhd slipped into the red with a net loss of RM1.01 million for the second quarter ended Jan 31, 2022, against a net profit of RM6.33 million posted a year ago, due to lower other income. Revenue fell 5.38% to RM64.3 million, from RM67.96 million a year ago.
Malaysia Airports Holdings Bhd (MAHB) has announced the resignation of its non-independent and non-executive director Datuk Zamzuri Abdul Aziz effective Tuesday (March 9). The airport operator said Zamzuri is no longer the Ministry of Finance's representative on MAHB's board, as he has taken up a new position in civil service. Zamzuri, 52, is now the Health Ministry's deputy secretary general.
PPB Group Bhd is providing up to RM300 million standby revolving shareholder's loan to its 80%-owned flour unit, FFM Bhd, to meet its short-term working capital requirements. PPB said the tenure of the proposed loan is for a period of up to six months and repayable on demand.
UWC Bhd posted a 7.94% drop in net profit for the second quarter ended Jan 31, 2022 to RM25.08 million, from RM27.24 million a year prior, due to higher depreciation expenses and staff costs. Quarterly revenue, however, rose 2.71% to RM79.92 million from RM77.81 million, underpinned by continued demand from the group’s global customers in the semiconductor, as well as life science and medical technology industries.
https://www.theedgemarkets.com/article/serba-dinamik-top-glove-drbhicom-ep-manufacturing-seb-kesm-mahb-ppb-and-uwc
Singapore Investment
-
-
-
-
-
-
-
smallMUJI Exhibition8 hours ago
-
-
-
-
-
-
Retirement Journey Update for April 202416 hours ago
-
Cory Diary : MLT Result Review16 hours ago
-
-
-
-
-
-
-
-
No new investment for retirees1 day ago
-
-
-
-
-
The Story Behind Maybank1 day ago
-
-
-
-
-
-
-
-
-
Platinum for Commodities?2 days ago
-
-
Quick Update - scary correction2 days ago
-
-
Portfolio Update Apr 20243 days ago
-
-
Portfolio Summary for April 20243 days ago
-
Portfolio (April 30, 2024)3 days ago
-
Summary of April 20243 days ago
-
-
Month of April 20243 days ago
-
-
A Blast From the Past3 days ago
-
-
-
-
-
-
-
Weekly Market Outlook5 days ago
-
-
-
That Restless Night…6 days ago
-
-
-
-
-
-
-
-
-
-
-
-
Keyboarding Warriors1 week ago
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Banks and Miles Report – Mar 20243 weeks ago
-
-
-
2024 (Portfolio Update)4 weeks ago
-
-
-
-
1Q 2024 Investment Strategy Update4 weeks ago
-
-
-
-
Lentor Hills Residences5 weeks ago
-
Burnt out!5 weeks ago
-
-
-
Feb 2024 Expenditure5 weeks ago
-
-
Starting Our Second Property Cycle1 month ago
-
-
-
-
-
-
-
-
The Market Is A Scam!2 months ago
-
-
-
-
-
-
-
Options Trading Journal Jan 20242 months ago
-
-
-
-
-
-
-
End of 2023 Review4 months ago
-
-
Year 2023 DIYQuant Portfolio Performance Report4 months ago
-
Monthly Summary of November 20235 months ago
-
3 Simple Poker Strategies for Beginners5 months ago
-
Migration of website5 months ago
-
-
Abandon REITS?5 months ago
-
-
-
-
-
-
-
-
-
August 2023 Portfolio Updates7 months ago
-
-
-
-
Hello SP Group, I'm Back!10 months ago
-
-
-
-
A New Light11 months ago
-
-
-
-
-
-
-
Demoralized1 year ago
-
2022 Thoughts, Hello 2023!1 year ago
-
Series of Defaults for Maple Finance1 year ago
-
Takeaways from “Sea Change”1 year ago
-
-
Greed is Coming Back1 year ago
-
-
-
-
-
-
-
-
-
-
-
What is Overemployment1 year ago
-
-
-
-
-
-
-
-
-
-
-