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    $SSB8(0045.MY)$
    Just yesterday, Southern Score Builders Berhad (SSB8) announced that its wholly-owned subsidiary Southern Score Sdn. Bhd. With Smart Advance Resources Sdn. Bhd.A general contracting project agreement worth RM315 million was signed. The news has attracted the attention of many investors, and everyone is speculating about the future of SSB8 next.
    Company background
    Southern Score Builders Berhad is a construction management specialist for high-rise residential buildings and civil infrastructure. The company's management has over 30 years of experience in the construction and development industry. The Group holds a G7 license issued by the Malaysian Construction and Industry Development Board (CIDB) and has a track record of nearly 15 years of performance. The company uses an asset-light and flexible construction management model. By outsourcing construction work, the company provides scalability and a more streamlined balance sheet while reducing risk.
    Under the agreement, SSB8 will act as the general contractor to develop three residential apartment buildings in Setapak, Kuala Lumpur, including:
    ● Building A: 198 free residential units on floors 8 to 36;
    ● Building B: 8 to 37...
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    Malaysia's manufacturing purchasing managers' index (PMI) fell below the 50-point boom and bust line in June to 49.9 points, down from 50.2 points in May.
    According to the June manufacturing PMI report released by S&P Global (S&P Global), overall demand remains sluggish even though new orders from Malaysia are increasing for two consecutive months, driven by increased exports.
    S&P Global pointed out that after increasing production in May, the manufacturer slightly reduced production in June. This is because demand is still sluggish, and manufacturers are expanding production more slowly than in May.
    “The overall growth in new business reflects, to some extent, the continued growth of new export orders, which have been growing for 2 consecutive months.”
    According to the report, new orders from customers in Asia Pacific regions such as Australia and the Philippines have increased, driving the growth of new export orders.
    On the other hand, due to reduced pressure on production capacity, the number of employees in the manufacturing industry remained unchanged, and the survey conducted last month (May) showed a slight increase in the number of employees.
    Furthermore, backlog orders declined for the 25th month in a row, and the growth rate of new orders did not offset the reduction in backlog orders. The growth rate of new orders was the slowest since February.
    Due to the sluggish demand environment, companies are also reducing inventory. Procurement activities, input inventories, and manufactured goods inventories all declined in June.
    Manufacturers said that rising raw material costs and exchange rate fluctuations have led to further increases in input prices.
    Although inflation in Malaysia has remained stable and at the same level as in May, the rate at which companies raised their own sales prices has further accelerated since 2...
    Translated
    The dawn of a rebound in the manufacturing industry was fleeting, and Malaysian manufacturers were worried again in June?
    $AGRICOR(0309.MY)$
    Penang Food Ingredients Supply Company - AGRICOR Holdings (AGRICOR, 0309, GEM) was listed on the GEM board of the Malaysian Exchange today, closing at 87.5 cents, which is 50 cents, or a premium of 37.5 cents over the initial public offering (IPO) price.
    Changsen Holdings opened the market at 79 cents in early trading, with a premium of 29 cents or 58% over the IPO price of 50 cents.
    When the market closed, the stock price of Changsen Holdings closed at 87.5 cents, with a trading volume of 87.7 million shares, making it the 9th most popular stock and the 4th largest rising stock.
    Changsen Holdings was founded in 2009. Its main business is the procurement, distribution and production of plant-based agrofood ingredients, including starch products, beans and soy products, grains, and its own production and sale of food additives and fried green onions. Its own brands include Pokok Agricore, Bapas, and Cap Pokok.
    Speaking at the listing ceremony this morning, Wen Wenkang, managing director of Chang Sen Holdings, said that the company plans to increase inventory at storage facilities in the Bukit Minjak, Penang and Klang areas in Selangor to acquire more new customers, thereby boosting revenue growth.
    “As inventory increases, the company's sales volume will increase, and we will ensure stable product supply and timely order fulfillment.”
    Changsen Holdings raised RM25.9 million during the IPO, of which RM18.93 million was used to purchase inventory, RM2.65 million acquired Klang Bukit Minjak warehouse as a regional inventory facility, and RM570,000 to recruit employees...
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    $AGMO(0258.MY)$ $SNS(0259.MY)$
    The Federal Reserve kept interest rates unchanged, in line with market expectations, while hinting that interest rates will only be cut once this year. However, the May consumer price index released yesterday by the US shows that inflation is cooling down, raising investors' expectations for the Federal Reserve to cut interest rates. The three major US stock indices had mixed ups and downs. Among them, the Nasdaq surged 1.53%, while the Dow Jones index fell slightly by 0.09%. As of 9:15 a.m., Malaysian stocks had risen slightly by 5.51 points, or 0.34%, to a provisional report of 1614.46 points.
    Malaysian stocks opened trading at 1612.58 points this morning, 3.63 points higher than 1608.95 points when the market closed yesterday.
    As of 9:15 a.m., the total trading volume of Malaysian stocks was 480.47 million shares, with a trading value of RM293.15 million; individual stocks rose and fell, with 361 rising stocks, 189 falling stocks, and 362 stocks with no rise or fall.
    AGMO Holdings (AGMO, 0258, GEM) announced yesterday that it has signed a one-year Memorandum of Understanding (MoU) with SNS Network Technology (SNS, 0259, GEM) to discuss the launch of the first digital transformation service (DXaaS) for generative artificial intelligence in China.
    The two sides will exchange technology and knowledge, explore the joint launch of generative artificial intelligence digital transformation services, and promote, market and sell this service to their respective customer groups.
    As a result, AGMO Holdings is sought after by investors. Today...
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    ANZ Group (ANZ Group) has fully sold off 5.2% of its shares held in Bank Malaysia (AMBANK, 1015, Main Board Financial Shares) at a total price of about US$149 million (approximately RM700 million).
    The “Business Times” quoted foreign media sources as saying that Australia's fourth largest bank, the ANZ Group, sold all of its shares in Bank Malaysia for about RM700 million.
    The total divestment price of these shares ranged from US$147 million to US$149 million, which is equivalent to RM4.05 to RM4.10 per share.
    The ANZ Group only announced the sale of 16.5% of Bank Malaysia's shares at RM3.85 or US$444 million (approximately RM2.1 billion) per share on March 6 this year.
    With the completion of this transaction, this also meant that the ANZ Group completely withdrew all of Bank Malaysia's investments.
    $AMBANK(1015.MY)$
    After selling Ambank's shares for 700 million dollars, Australia's fourth largest bank completely exits | Finance
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    After selling Ambank's shares for 700 million dollars, Australia's fourth largest bank completely exits
    $AIRPORT(5014.MY)$
    Treasury Holdings (Khazanah) and the Employees Provident Fund Authority (EPF) joined forces to promote the privatization of Malaysia Airport (AIRPORT, 5014, main board transportation and logistics shares), which sparked a buzz and discussion in the market. Can this privatization deal actually benefit Malaysia?
    On the 15th of this month, Malaysia Airport received a conditional acquisition proposal from a consortium formed by Gateway Development Alliance (GDA), treasury holding subsidiary Pantai Panorama, Kwasa Aktif (KASB), a subsidiary of the Provident Fund Authority, and GIP Aurea, a New York investment fund.
    The three parties plan to buy 1,118.09 million shares or 67.01% of Malaysia Airport's shares in the open market for RM11 (equivalent to approximately RM12.3 billion) per share, and have no intention of maintaining Malaysia Airport's listed position.
    To learn more about this privatization deal, “Malaysian News Agency” visited Dato' Amiru Faisa, managing director of the Treasury Holdings, and Amzoukanein, CEO of the Provident Fund Authority.
    The biggest controversy caused by privatizing Malaysia Airport is the background of the New York Investment Fund in the US. Some politicians accuse BlackRock (BlackRock), which holds GIP, of being a “pro-Israel” company.
    The partner is not BlackRock
    Amiru Faisa said, “As far as I know, although BlackRock Group feels about GIP...
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    Privatizing Malaysian Airport Problemishes “Pro-Israel” Controversial Treasury Holdings Faces Dissidents
    Although there are more and more new shopping malls in the Xuelong region in recent years, and there are even concerns about excess, some well-known shopping malls have been eliminated. The iconic shopping center eCurve in Pearl Damansara is an example.
    eCurve is about to be demolished to develop a residential project called The Lines.
    eCurve has been in business since 2006 and closed in March 2021 to make way for redevelopment projects.
    According to the “New Straits Times”, the demolition of eCurve will begin in the 2nd quarter of this year.
    Kairouaziz, CEO of Moshi Industries, said that the removal of eCurve is part of the plan to give Pearl Damansara a new look.
    At the same time, he pointed out that the redevelopment plan is in line with global urbanization trends, while creating a more dynamic and sustainable environment for the community.
    Kairu stressed that the redevelopment project could also unlock the potential value of the Pearl Damansara business district.
    Additionally, he mentioned that since eCurve is located right next to Pearl Damansara MRT Station (MRT), it is ideal for building serviced apartments.
    It is worth mentioning that there are many commercial industries near eCurve, such as The Curve, IPC shopping center, kidzania, and Ikea (Ikea).
    Meanwhile, The Lines serviced apartments, which will be built after the demolition of eCurve, are expected to be promoted in the 3rd quarter of this year. In addition to residential units, The Lines...
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    Entering May, the ringgit exchange rate trend was strong and recorded a record of three consecutive gains against the US dollar.
    The cumulative increase of RM4.78% against the US dollar from RM4.77 on April 30 is currently high at RM4.733 in early trading. This is the highest level since April 1 (RM4.722) of this year.
    As the Federal Reserve maintained interest rates and temporarily eliminated market instability, the exchange rate of the ringgit against the US dollar became more stable.
    As of 12:00 noon, the increase of RM4.7395 against the US dollar had narrowed slightly. It was tentatively reported at RM4.7395, up 0.29%.
    In contrast, there was almost no significant change between RM3.500 against SGD at 12 noon.
    The dream starts in May, and the ringgit hit a new high of more than a month against the US dollar | Finance
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    $UNISEM(5005.MY)$
    Semiconductor company Unison (UNISEM 5005) As of March 31, the first quarter of this year, net profit fell 14.12% year-on-year to RM8.46 million, compared with RM9.85 million in the same quarter of the previous year.
    Unison said that the decline in net profit was mainly affected by increased foreign exchange losses.
    In any case, Unisen announced a dividend of 2 cents per share.
    The company's first-quarter revenue rose slightly by 3.03% year-on-year to RM364.77 million.
    Unison announced the payment of an initial interim dividend of 2 cents per share. The exclusion date is June 20, and it will be paid on July 5.
    Regarding the year-on-year decline in net profit performance, Unison pointed out that the increase in foreign exchange losses, combined with a decrease in revenue from scrap sales, led to a weakening of net profit.
    In any case, Unison predicts that the company's performance will improve next quarter, thanks to increased demand in specific market segments such as energy management/artificial intelligence (AI), automobiles/electric vehicles, and flagship smartphones in China and the US.
    Translated
    Unisen's Q1 net profit fell 14.12% year-on-year, with dividends of 2 cents per share
    $TOPMIX(0302.MY)$
    Topmix (TOPMIX, 0302, GEM), the first local interior decoration manufacturer to create its own brand, was listed on the GEM board of the Malaysian Stock Exchange today, with a half-day market break of 43.5 cents, a premium of 12.5 cents or 40.32% over the initial public offering (IPO) price of 31 cents.
    Topmix opened the market with 41 cents in early trading, a premium of 10 cents or 32.26% over the initial public offering (IPO) price of 31 cents, or 32.26%. The initial transaction volume was 12.25 million shares.
    When the market was closed at noon, Topmix's stock price was 43.5 cents, and the trading volume was 101.29 million shares. For the time being, it is the second most popular stock.
    Topmix is a company that sells interior surface decoration products and operates through its subsidiaries. In addition, the company cooperates with third party suppliers to independently design products.
    The company's customer base is mainly hardware sellers, interior designers, and real estate developers.
    Topmix, founded in 2006, initially imported high pressure layer (HPL) products from China. However, as customer demand for the latest design trends continued to increase, the company decided to build its own brand and change from an importer and intermediary of surface materials to a manufacturer of surface materials. This transformation has enabled Topmix to better meet customer needs for innovative and high-quality products and enhance their competitiveness.
    The director of Topmix has...
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