Hibiscus Petroleum, MBSB, IHH, LPI, Carlsberg, Brahim's, CCK Consolidated, HB Global, Maybank, FSBM, Sealink, TM
KUALA LUMPUR (April 14): Here is a brief look at some of the corporate announcements and news flow on Thursday (April 14) involving Hibiscus Petroleum Bhd, Malaysia Building Society Bhd, IHH Healthcare Bhd, LPI Capital Bhd, Carlsberg Brewery Malaysia Bhd, Brahim's Holdings Bhd, CCK Consolidated Holdings Bhd, HB Global Ltd, Malayan Banking Bhd, FSBM Holdings Bhd, Sealink International Bhd, and Telekom Malaysia Bhd.
Hibiscus Petroleum Bhd clarified that it has not sought to make any submission to any stock exchange for a special purpose acquisition company listing. The company said in a statement that it is always considering ways of enhancing shareholder value while also positively positioning the company for a future in which the world will transition to a lower carbon-emitting energy mix.
Malaysia Building Society Bhd (MBSB)-owned MBSB Bank Bhd's inaugural RM300 million sukuk offering under its dedicated RM5 billion Sustainability Sukuk Wakalah Programme has received overwhelming demand from investors. MBSB Bank said the sukuk offering recorded a final order book amounting to RM2.9 billion, a strong bid to cover ratio of 10 times.
IHH Healthcare Bhd and investment company Heal Partners are leading a US$15 million (RM63.42 million) Series A round in medical tech start-up Us2.ai. IHH's chief executive officer Dr Kelvin Loh said the company is looking to support and make cutting-edge clinical tools and care more accessible and affordable for patients through its investments in digital health companies like Us2.ai.
LPI Capital Bhd posted a lower net profit of RM61.53 million for the first quarter ended March 31, 2022, down 25.25% from RM82.31 million a year earlier. Lower investment income and profitability of its wholly-owned insurance subsidiary Lonpac Insurance Bhd contributed to the group's lower profit. Quarterly revenue fell 9.77% to RM397.74 million from RM440.79 million, mainly due to a 7.2% or RM28.5 million decline in gross earned premiums in the general insurance segment.
Carlsberg Brewery Malaysia Bhd said its business in Sri Lanka has been doing well so far and that the group will continue to closely monitor the situation in the country, which is in the midst of an economic crisis. Managing director Stefano Clini said the brewery group holds a 25% stake in Sri Lanka's Lion Brewery (Ceylon) Plc, and that operations there have been smooth up to this month, while "volume has been increasing even".
PN17 in-flight caterer Brahim's Holdings Bhd has submitted an appeal to Bursa Securities against the commencement of delisting procedures on the securities of the company. The loss-making Brahim's said the board of directors on Thursday submitted an appeal to the regulator against the commencement of action to delist its securities on Bursa Malaysia.
Integrated poultry firm and retail player CCK Consolidated Holdings Bhd has proposed to acquire the entire stake in Indonesia-based PT Bonanza Pratama Abadi for US$8 million (RM33.74 million). PT Bonanza is principally engaged in processing and freezing shrimp for local and export sales including principal products such as frozen raw shrimp, frozen cooked shrimp and frozen nobashi ebi shrimp.
Food processing group HB Global Ltd has decided to defer a plan to raise RM23.1 million in a private placement of 154 million new shares or 20% of its existing issued shares after having considered the current market sentiment. HB Global said its board of directors has decided to defer the proposed private placement for the time being.
Malayan Banking Bhd (Maybank) group president and chief executive officer Datuk Seri Abdul Farid Alias said the group does not think there is pressure on Bank Negara Malaysia (BNM) to raise the overnight policy rate (OPR) during the first three quarters of 2022 despite global central banks doing so because Malaysia's inflation "is not very acute". Abdul Farid said Maybank believes BNM will raise the OPR by 25 basis points to 2% in the fourth quarter of 2022.
FSBM Holdings Bhd's external auditor, Moore Stephens Associates PLT, has noted a material uncertainty that may cast a significant doubt on the information and technology service provider's ability to continue as a going concern. The auditor said it was unable to verify by alternative means the opening balances making up the statements of financial position for the financial year 2020 (FY20) ended Dec 31, 2020, FY19 and FY18.
Sealink International Bhd said its independent auditor has raised an uncertainty relating to the offshore marine support vessel operator's going concern in view of the current economic conditions and Covid-19. The auditor, Grant Thornton Malaysia PLT, in its report noted that Sealink's financial statement for the year ended Dec 31, 2021 showed that the group incurred a net loss of RM65.37 million. "As of that date, the total current liabilities of the group and of the company exceeded their total current assets by RM68.58 million and RM8.87 million respectively," the report further noted.
Telekom Malaysia Bhd (TM) signed an agreement with Digital Nasional Bhd on Thursday relating to their RM2 billion deal on 5G service. The service agreement follows the term sheet signed by the two parties on Dec 16 last year. "It is effective from Aug 28, 2021 and remains valid until the expiry of the 10 years' service term of the last commissioned cell site unless earlier terminated by the parties," said TM.
https://www.theedgemarkets.com/article/hibiscus-petroleum-mbsb-ihh-lpi-carlsberg-brahims-cck-consolidated-hb-global-maybank-fsbm
Singapore Investment
-
-
-
-
-
-
-
-
-
-
-
Dubai vs. Singapore: Which City is Better?12 hours ago
-
-
Bitcoin Halving: Buy Now, Sell Later?12 hours ago
-
-
-
Today’s Deal of the day – Dobin App13 hours ago
-
-
-
-
-
-
-
-
-
-
-
-
Beware Of Scams1 day ago
-
-
-
-
-
Buying a home for face2 days ago
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Finance Investment Movement 444 days ago
-
-
-
-
Going REITs Shopping Again5 days ago
-
-
Weekly Markets Outlook5 days ago
-
Market indeed coming down6 days ago
-
Cory Diary : Dividend Q1 '246 days ago
-
-
-
-
-
-
-
-
-
Banks and Miles Report – Mar 20241 week ago
-
-
Revisiting Bitcoin1 week ago
-
-
-
-
-
-
2024 (Portfolio Update)2 weeks ago
-
-
-
-
Retirement Journey Update for March 20242 weeks ago
-
-
-
1Q 2024 Investment Strategy Update2 weeks ago
-
-
Portfolio Summary for March 20242 weeks ago
-
Reasonable Dividend Yield 2024Q22 weeks ago
-
-
-
Portfolio (March 30, 2024)3 weeks ago
-
-
-
QAF #77 - 2023 Annual Report3 weeks ago
-
Lentor Hills Residences3 weeks ago
-
Burnt out!3 weeks ago
-
-
-
Feb 2024 Expenditure3 weeks ago
-
-
Starting Our Second Property Cycle4 weeks ago
-
-
Position Update5 weeks ago
-
-
-
-
-
-
-
-
Feb 2024 Portfolio1 month ago
-
-
Summary of February 20241 month ago
-
The Market Is A Scam!1 month ago
-
-
-
-
-
-
-
-
Options Trading Journal Jan 20242 months ago
-
-
-
-
-
-
-
-
End of 2023 Review3 months ago
-
-
Year 2023 DIYQuant Portfolio Performance Report3 months ago
-
Monthly Summary of November 20234 months ago
-
3 Simple Poker Strategies for Beginners4 months ago
-
Migration of website4 months ago
-
-
Abandon REITS?4 months ago
-
-
-
-
-
-
-
-
-
August 2023 Portfolio Updates7 months ago
-
-
-
-
Hello SP Group, I'm Back!9 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
-
-
-
-
-
-
-
-
-
-
-
Home
companies
Hibiscus Petroleum, MBSB, IHH, LPI, Carlsberg, Brahim's, CCK Consolidated, HB Global, Maybank, FSBM, Sealink, TM