IHH, Carlsberg Malaysia, Gas Malaysia, MSM, Kelington, Muar Ban Lee, Pharmaniaga, Catcha Digital and MyEG
KUALA LUMPUR (Nov 11): Here is a brief recap of some corporate announcements that made news on Friday (Nov 11) involving IHH Healthcare Bhd, Carlsberg Brewery Malaysia Bhd, Gas Malaysia Bhd, MSM Malaysia Holdings Bhd, Kelington Group Bhd, Muar Ban Lee Group Bhd, Pharmaniaga Bhd, Catcha Digital Bhd and MyEG Services Bhd.
IHH Healthcare Bhd said it is in discussion with the Securities and Exchange Board of India to determine the next steps to proceed with the mandatory open offer for an additional 26% stake in Fortis Healthcare Ltd. Should IHH receive approval from the Indian market regulator, the integrated healthcare provider said it would be ready to undertake the offer in a timely manner. IHH Healthcare also re-affirms its commitment to the India healthcare sector and in supporting the growth of Fortis Healthcare as its largest shareholder with a 31.17% stake.
Carlsberg Brewery Malaysia Bhd's (Carlsberg Malaysia) net profit for the third quarter ended Sept 30, 2022 (3QFY22) climbed almost threefold to RM76.39 million from RM25.98 million in the same period last year, driven by higher contributions from both Malaysian and Singaporean operations, but they were partly offset by a one-off prosperity tax. Quarterly revenue rose 63.65% to RM571.63 million from RM349.29 million in the same period a year ago. The group declared a third interim dividend of 19 sen during the quarter under review, payable on Dec 9. For the cumulative nine months ended Sept 30, 2022, Carlsberg Malaysia's net profit almost doubled to RM256.93 million from RM129.57 million, as revenue grew 46.26% to RM1.8 billion from RM1.23 billion.
Gas Malaysia Bhd, which is being sued by MSM Malaysia Holdings Bhd over a disputed sum of RM10.32 million relating to gas supply to MSM Malaysia's sugar refinery unit in Johor, said it maintains its stand that it had acted in accordance with the gas supply agreement (GSA) inked by the unit. Gas Malaysia also explained that a take-or-pay (TOP) provision is part of the contractual requirements in the GSA entered into by its unit, Gas Malaysia Energy and Services Sdn Bhd, and MSM Malaysia's sugar refinery unit, MSM Sugar Refinery (Johor) Sdn Bhd.
Kelington Group Bhd is investing RM45 million to set up its second carbon dioxide gas recovery plant at the existing site in Kerteh, Terengganu. The group said the existing plant is operating at more than 80% of its capacity, and so it is the right time to invest in the second plant to capture future opportunities. The growth of the industrial gas business is expected to provide Kelington with a stable recurring income. The construction of the plant to manufacture an additional 70,000 tonnes per year of beverage grade liquid carbon dioxide will commence in December, and it is expected to be completed by December 2023.
Muar Ban Lee Group Bhd (MBL) is disposing of its entire 51% stake in its Indonesian unit PT Serdang Jaya Perdana (SJP) for 36 billion rupiah (RM11 million). MBL is expected to incur a net loss of RM524,800 from the disposal. The group’s wholly-owned subsidiary Muar Ban Lee Engineering Sdn Bhd had entered into a sale and purchase deed on Nov 10 with Sian and Lucialim for the disposal. The rationale for the disposal included MBL not being involved in the management of SJP, as well as low returns and profits over the past few years with uncertainty in the industry's outlook. MBL also wanted to take the opportunity to improve its cash flow as proceeds from the disposal will be used for working capital.
Pharmaniaga Bhd said it is working to ensure sufficient supply of the Sinovac Covid-19 vaccine for children, and additional boosters for adults at several private hospitals and clinics across the country. Pharmaniaga group managing director Datuk Zulkarnain Md Eusope acknowledged increasing concern over the rise in the number of new Covid-19 cases in the past week. He encouraged the public to take preventive measures by taking additional booster doses for adults aged 18 and above, and those aged five to 17 years.
Bursa Malaysia has publicly reprimanded TA Securities Holdings Bhd as the sponsor and principal adviser for Catcha Digital Bhd (formerly known as REV Asia Bhd) for breaches in the Bursa Malaysia Securities ACE Market Listing Requirements (ACE Market LR). The stock exchange operator said TA Securities had failed to assess the internal controls of REV and risk management systems of iMedia Asia Sdn Bhd and its subsidiaries to determine the suitability of the enlarged Catcha group for listing. In addition, it had repeatedly provided inaccurate and misleading statements and confirmation to Bursa Malaysia Securities in relation to the matter.
Malaysian Rating Corp Bhd (MARC) has assigned a final rating of AA-IS to MyEG Services Bhd’s proposed Islamic medium-term notes (IMTN) programme of up to RM1 billion, with a stable outlook. The rating agency said it had reviewed the final documentation of the programme, and was satisfied that the terms and conditions had not changed in any material way from the draft documentation on which the preliminary rating was based. It cited that the assigned rating reflects MyEG’s established position as a long-standing concessionaire for e-government services, underpinned by its strong information technology infrastructure.
https://www.theedgemarkets.com/article/ihh-carlsberg-malaysia-gas-malaysia-msm-kelington-muar-ban-lee-pharmaniaga-catcha-digital
Singapore Investment Bloggers
-
-
-
-
-
盈翠半島中層兩房800萬易主 – 信報網站 hkej.com8 hours ago
-
-
-
-
-
-
3 Reasons Why I Do Not Top Up CPF14 hours ago
-
-
-
Trading Journal As Of 27 Jan 202316 hours ago
-
-
-
A busy start to 202318 hours ago
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Is it time to be bullish?2 days ago
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
2023 Jan Portfolio Update1 week ago
-
-
-
-
-
-
-
-
-
-
-
-
Getting To Know Mutual Funds1 week ago
-
-
-
-
-
-
-
Finance Investment Movement 291 week ago
-
-
-
随心笔:味道、仪式篇2 weeks ago
-
-
5 things we already know in 20232 weeks ago
-
We Are Expanding!2 weeks ago
-
How To Optimise Accounts Payable2 weeks ago
-
2022 - My Year of Revenge Travel2 weeks ago
-
Gotten shorter2 weeks ago
-
-
-
Game plan for 20233 weeks ago
-
-
-
Review of 20223 weeks ago
-
-
-
-
Bidding Jurong Bird Park Farewell3 weeks ago
-
Demoralized3 weeks ago
-
-
-
2022 Thoughts, Hello 2023!4 weeks ago
-
-
-
Portfolio Summary for December 20224 weeks ago
-
Portfolio (Dec 31st, 2022)4 weeks ago
-
-
-
Dec 2022 Portfolio4 weeks ago
-
-
-
Series of Defaults for Maple Finance5 weeks ago
-
-
-
-
-
Takeaways from “Sea Change”1 month ago
-
-
Moment of reflection (Kyoka Suigetsu)1 month ago
-
SRS investing options1 month ago
-
Investment Summary - Nov 20221 month ago
-
Greed is Coming Back1 month ago
-
-
-
-
Investing is Easy2 months ago
-
-
LoopholesSG is Back!2 months ago
-
-
-
-
-
Investing in BYDDF: Build Your Dream2 months ago
-
-
-
Likely Property Crisis for Singapore?2 months ago
-
-
-
-
Loyang Valley En Bloc Phase III Complete3 months ago
-
-
-
-
-
-
Shaping Vienna from the ground up5 months ago
-
-
Portfolio Update - 2Q20226 months ago
-
-
What is Overemployment7 months ago
-
-
Terra Hill Condo (former Flynn Park)7 months ago
-
Alibaba VS Tencent: The Battle Royale7 months ago
-
-
-
-
-
-
-
-
-
-
-
Malaysia Investment Bloggers
Home
articles
companies
IHH, Carlsberg Malaysia, Gas Malaysia, MSM, Kelington, Muar Ban Lee, Pharmaniaga, Catcha Digital and MyEG
Click to comment
Subscribe to:
Post Comments (Atom)