Sabah & Sarawak
Sarawak Energy not to be affected by impending tariff reduction
RAM Ratings does not expect Sarawak Energy Bhd’s (Sarawak Energy) financials to be affected by the state government’s recently announced reductions in electricity tariffs ranging from two per cent to over 40 per cent for domestic customers, effective January 1, 2015.
KKB procures RM43.9 million steel pipes job
KKB Engineering Bhd (KKB) has secured a contract for the supply and delivery of concrete-lined mild steel pipes worth RM43.9 million.
Dayang sees record quarterly result in 3Q
Dayang Enterprise achieved its record-high quarterly result in the third quarter of 2014 (3Q14) with RM58 million in profit after tax, representing a year-on-year growth of 81 per cent.
Perdana Petroleum sees smooth sailing for 9M14
Perdana Petroleum Bhd’s (Perdana Petroleum) figures for the nine months of 2014 (9M14) is in line with analysts’ expectations as the group took delivery of Perdana Emerald, a new work barge believed will be contracted for projects offshore Sarawak.
CMS delivers solid earnings for 3Q14
Cahya Mata Sarawak Bhd (CMS) registered a set of strong financial performance for the third quarter of 2014 (3Q14) as net profit jumped 77 per cent year-on-year (y-o-y) to RM72.38 million from RM40.99 million in 3Q13. The group in a statement to Bursa Malaysia on Wednesday added its nine months ended September 2014 (9M14) earnings also increased 62 per cent y-o-y to RM177.39 million from RM109.73 million in 9M13.
Jaya Tiasa to invest in 4th CPO mill
Upbeat about the long-term prospects of the oil palm industry, Jaya Tiasa Holdings Bhd is investing RM70 million in its fourth crude palm oil (CPO) mill. It currently has two on stream, with a combined processing capacity of 150 metric tonnes per hour, while another mill, capable of processing 120 metric tonnes per hour, will be commissioned towards the end of this year.
Bintulu Port records 3Q14 pre-tax profit of RM43.79 million
Bintulu Port Holdings Bhd (Bintulu Port) recorded RM43.79 million pre-tax profit for the third quarter of 2014 (3Q14) – slightly lower that its pre-tax profit recorded in the same quarter last year. In a filing to Bursa Malaysia Thursday, Bintulu Port said its operating revenue for the current quarter was at RM133.41 million, an increase of RM0.84 million or 0.64 per cent compared to RM132.57 million recorded in the corresponding quarter.
BLD Plantation records RM28.365 million PBT
KUCHING: BLD Plantation Bhd (BLD Plantation) has recorded a profit before tax of RM28.365 million for the cumulative period ended Sept 30, 2014, compared to the profit before tax of RM37.582 million reported for the corresponding financial period of preceding year. BLD Plantation on Thursdaynoted that revenue recorded at RM1.13 billion for the current financial period as compared to RM1.19 billion for the corresponding financial period of preceding year.
HSL’s posts strong third quarter
Hock Seng Lee Bhd (HSL) has achieved pre-tax earnings of RM28.66 million on the back of revenue of RM155.36 million for the third quarter of 2014 (3Q14). These figures reflect an increase over the corresponding quarter of 2013 where earnings before tax stood at RM27.98 million on revenue of RM130.12 million.
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National
OWG to raise RM50 million from its IPO
Only World Group Holdings Bhd (OWG), involved in the leisure and hospitality industry, is well on its way to being listed on the Main Market of Bursa Malaysia Securities rhd (Bursa Securities), following a ceremony on Wednesday to mark the launch of OWG’s prospectus for its Initial Public Offering exercise (IPO). The IPO entails a public issue of approximately 56.41 million new ordinary shares at an issue price of RM0.88 per share.
Kronologi eyes RM17.18 mln from IPO
Kronologi Asia Bhd (Kronologi) aims to raise RM17.18 million from its initial public offering (IPO) on the ACE Market of Bursa Malaysia, with an expected listing date of Dec 15, 2014. The Singapore-based company, specialising in Enterprise Data Management (EDM), is making a public issue of 59.25 million new ordinary shares with a par value of 10 sen each, at an issue price of 29 sen per share.
Maybank clinches ACCA MaSRA 2014 trophy for second consecutive year
Malayan Banking Bhd (Maybank) is the overall winner of the Association of Chartered Certified Accountants (ACCA) Malaysia Sustainability Reporting Awards (ACCA MaSRA) for 2014, making it the second consecutive year this banking conglomerate emerged victorious.
More larger market cap stocks added to Syariah List
The Securities Commission Malaysia (SC) late Thusday released its updated list of syariah-compliant securities approved by its Syariah Advisory Council, with an observed increase in stocks with larger market capitalisation.
The updated list features a total of 673 syariah-compliant securities. These counters constitute 74 per cent of the total 905 listed securities on Bursa Malaysia.