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Singapore Investment


SPToto, 7-Eleven, BFood, Bursa, Boustead, AmBank, Sunway REIT, Affin Bank, Tiong Nam, Yinson, Kumpulan Kitacon, Eco World Development, HHRG, Globaltec Formation, MSM, TM, Maxis, Astino, Pertama Digital, Apollo Food, Jaycorp, Beshom and NWP

    SPToto, 7-Eleven, BFood, Bursa, Boustead, AmBank, Sunway REIT, Affin Bank, Tiong Nam, Yinson, Kumpulan Kitacon, Eco World Development, HHRG, Globaltec Formation, MSM, TM, Maxis, Astino, Pertama Digital, Apollo Food, Jaycorp, Beshom and NWP

SPToto, 7-Eleven, BFood, Bursa, Boustead, AmBank, Sunway REIT, Affin Bank, Tiong Nam, Yinson, Kumpulan Kitacon, Eco World Development, HHRG, Globaltec Formation, MSM, TM, Maxis, Astino, Pertama Digital, Apollo Food, Jaycorp, Beshom and NWP

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KUALA LUMPUR (June 23): Here is a brief recap of some corporate announcements that made the news on Friday (June 23) involving Sports Toto Bhd, 7-Eleven Malaysia Holdings Bhd, Berjaya Food Bhd, Bursa Malaysia Bhd, Boustead Holdings Bhd, AMMB Holdings Bhd, Sunway Real Estate Investment Trust, Affin Bank Bhd, Tiong Nam Logistics Holdings Bhd, Yinson Holdings Bhd, Kumpulan Kitacon Bhd, Eco World Development Group Bhd, HHRG Bhd, Globaltec Formation Bhd, MSM Malaysia Holdings Bhd, Telekom Malaysia Bhd (TM), Maxis Bhd, Astino Bhd, Pertama Digital Bhd, Apollo Food Holdings Bhd, Jaycorp Bhd, Beshom Holdings Bhd and NWP Holdings Bhd.

Sports Toto Bhd (SPToto) via its wholly-owned subsidiary Magna Mahsuri Sdn Bhd (MMSB) has bought shares in sister companies 7-Eleven Malaysia Holdings Bhd (SEM) and Berjaya Food Bhd (BFood) for RM38.78 million cash. Following the share purchases, SPToto and its subsidiaries now hold about 25.42 million shares or about 2.29% stake in SEM and about 7.46 million shares or about 0.43% stake in BFood.

Bursa Malaysia Bhd said it has been the target of scams with ill-intentioned impersonations of the exchange and its management on social media platforms, in particular its chief executive, and that an alarming number of them are found on Facebook.

Boustead Holdings Bhd is set to be delisted on June 28 from the Main Market of Bursa Malaysia Securities Bhd. Its entire issued share capital will be removed from the official list, in accordance with the Main Market Listing Requirements. In an earlier filing, Lembaga Tabung Angkatan Tentera (LTAT) had posted a compulsory acquisition notice to dissenting holders on June 16, saying that it will pay for the shares mandatorily purchased from them in cash.

AMMB Holdings Bhd (AmBank) has clarified that the recent media reports involving AmBank Group regarding mergers and acquisitions (M&A) are purely speculative. “If and when we have anything pertinent to announce, in accordance with best practices and corporate governance, a Bursa announcement will be made,” AmBank told Bernama.

Sunway Real Estate Investment Trust (SunREIT) has joined forces with HSBC to execute its first sustainability-linked cross currency swap (CCS) in Malaysia, which is worth RM200 million. The parties said the CCS hedges both the currency and interest rate risks of SunREIT’s foreign currency loan with HSBC, while offering direct sustainability-linked incentives.

Affin Bank Bhd said it has successfully issued RM500 million additional Tier 1 Capital Securities (AT1CS) under the RM3 billion AT1CS programme with a distribution rate of 5.7% per annum. The perpetual non-callable bond has a tenure of five years, with an A3 Rating assigned by RAM Rating. First callable date for the bond is June 23, 2028.

Tiong Nam Logistics Holdings Bhd has signed a logistic services agreement with Chery Malaysia which will see Tiong Nam handling Chery's spare parts warehousing and transportation in Malaysia, including heavy-duty vehicle models such as TIGGO 8 PRO and OMODA5.

Yinson Holdings Bhd has signed a Memorandum of Understanding (MOU) with PLUS Malaysia Bhd to jointly develop the country’s first chargEV hyperpower direct current fast charging hubs along the PLUS highway. Yinson shared that the estimated investment cost for each hyperpower fast charging hub will range from RM10 million to RM20 million. One of the hyperpower fast charging hubs will be located at the PLUS Seremban rest and service area (South-bound), while another is still in the discussion.

Yinson also reported that its net profit rose 73.33% to RM208 million for the first quarter ended April 30, 2023 (1QFY2024), from RM120 million a year earlier, on the back of higher contribution from engineering, procurement, construction, installation and commissioning (EPCIC) business activities. Quarterly revenue tripled to RM3.02 billion from RM1.01 billion.

Kumpulan Kitacon Bhd has secured a RM50.3 million construction project in Ijok, Kuala Selangor. Its wholly-owned subsidiary Kitacon Sdn Bhd received the contract from Eco World Development Group Bhd’s 60%-owned unit Paragon Pinnacle Sdn Bhd for the proposed construction of 80 units of single-storey terrace houses, one unit of electrical substation, and emblem fencing under package one. The second package involves the construction and completion of 104 units of single-storey terrace houses and another electrical substation unit.

HHRG Bhd has proposed to acquire a 7.23-acre piece of leasehold industrial land in Penang for RM15.74 million via cash and share issuance. The biomass material manufacturer plans to utilise the industrial land as the site of its new corporate headquarters. HHRG said the group received a letter of irrevocable offer from canned food maker Jeenhuat Foodstuffs Industries Sdn Bhd for HHRG to purchase the land for RM15.74 million.  

The Indonesian Ministry of Finance has given the indirect subsidiaries of Globaltec Formation Bhd tax waivers on their coal-bed methane (CBM) production-sharing contracts (PSC) in South Sumatra. In a filing with the Australian Stock Exchange, NuEnergy Gas Ltd — in which Globaltec owns a 65% stake — announced that its wholly-owned subsidiaries Dart Energy (Tanjung Enim) Pte Ltd and Dart Energy (Muralim) Pte Ltd were awarded the tax exemption facilities on June 22.

MSM Malaysia Holdings Bhd is now a part of the Asean Sugar Alliance (ASA) which will help the refined sugar producer to expand its export market. MSM said the ASA membership would further support MSM’s vision to grow its export market share from 6% to 12% to 15% in the region.

Telekom Malaysia Bhd (TM) has entered into a collaboration with Maxis Bhd that will see TM getting access to Maxis' 4G Multi Operator Core Network (MOCN), as well as 4G and 2G domestic roaming services to enhance its mobile connectivity nationwide. Through this, TM will extend its 4G coverage across the country by leveraging Maxis’ radio access network infrastructure and improve Unifi Mobile's population coverage to above 95%.

Astino Bhd saw an 8.1% increase in net profit to RM12.71 million for the third financial quarter ended April 30, 2023 (3QFY2023) versus RM11.76 million a year earlier, thanks to an increase in overseas sales with higher profit margins. Quarterly revenue, however, dropped by 0.4% to RM155.87 million from RM156.49 million a year ago, mainly due to weakening steel prices.

Pertama Digital Bhd received a notice from Australia's Macquarie Bank that the financial institution will subscribe for the company's 425,000 placement shares at an issue price of RM2.69 per share. The loss-making group said the placement shares were allotted on Friday and are expected to be listed on June 27.  

Boosted by higher sales, Apollo Food Holdings Bhd's net profit jumped 77.74% to RM6.8 million in the fourth quarter ended April 30, 2023 (4QFY2023) from RM3.83 million in the previous year's corresponding quarter. Quarterly revenue rose 5% to RM60.27 million from RM57.34 million. The confectionery maker proposed a final dividend of 15 sen per share — raising its FY2023 payout to 25 sen, the same as in FY2022. The entitlement and payment dates will be determined later.

Jaycorp Bhd posted 40.73% lower net profit at RM5.47 million in the third quarter ended April 30, 2023 (3QFY2023) from RM9.23 million a year ago, due to the absence of a gain on disposal of two subsidiaries. During the quarter, revenue dipped 32.68% to RM61.47 million from RM91.3 million.

Beshom Holdings Bhd saw its net profit halved to RM2.66 million for the quarter ended April 30, 2023, from RM5.67 million in the same quarter a year ago, reflecting lower revenue as weak consumer confidence and lower willingness to spend impacted its multi-level marketing business, and higher marketing costs. Revenue fell 13.97% to RM38.94 million from RM45.27 million. Beshom’s board recommended a final dividend of 2 sen per share.  

Timber product manufacturer NWP Holdings Bhd’s shares will be traded under its new name Auro Holdings Bhd, with effect from next Tuesday (June 27), to reflect a new corporate identity under its business activities and brand image. The counter’s new short name will be “Auro”, replacing the old stock short name “NWP”.


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