Account Info
Log Out
English
Back
Log in to access Online Inquiry
Back to the Top

avatar
103643698 Private ID: 103643698
No profile added yet
Follow
    The BMI research agency under Fitch Solutions (Fitch Solutions) said that in the short and long term, Malaysia will remain the main destination for Thai National Petroleum Corporation - PTT Exploration and Production (PTTEP) investment.
    The market research company said PTT exploration and production has significant assets in Malaysia and is seeking to strengthen exploration and production activities in neighboring countries while seeking more natural gas assets.
    Lang Lebah gas field starts production 2027
    “PTT Exploration and Production is expected to announce the final investment decision (FID) for the development of the Lang Lebah gas field located in the SK410b block 90 km from the Miri coast of Sarawak this year. The project is expected to produce the first batch of natural gas in 2027.”
    The BMI Research Institute added that PTT's oil and gas investment prospects in Southeast Asia are expected to continue to rise as the company has promised further investments in neighboring Malaysia, Myanmar and Vietnam.
    PTT Exploration & Production has invested in Malaysia through its subsidiaries PTTEP HK Offshore (holding 42.5%), KUFPEC Malaysia (holding 42.5%), and CNPC (holding 15%), and has completed front-end engineering design, including carbon capture and sequestration projects.
    Lang Lebah plans to supply liquefied natural gas to other industries in Bintulu and Sarawak, and the peak gas production is expected to be 3.3 billion cubic meters per year.
    PTT exploration and production can...
    Translated
    Good news for the Malaysian oil and gas industry, Thai oil company plans to invest in the “hometown of hornbills”
    Aluminum frame manufacturer Econframe Berhad (EFRAME) announced financial results for the third quarter ended May 31, 2024 (third quarter of fiscal year 2024).
    To the surprise of many, EFRAME's profit for the quarter fell to RM1.47 million, while revenue was RM24.94 million. Why is that?
    Let's take a deep dive into their financial performance.
    In the current quarter, EFRAME's revenue was RM24.94 million, up about 27.0% from the third quarter of fiscal year 2023. This increase was mainly due to an increase of RM3.73 million in revenue from the manufacturing sector, which is commendable.
    In terms of profit by sector, the profit from the EFRAME manufacturing business was RM6.59 million, and the profit from the trading business was RM0.9 million, an overall increase of 18.0% over the same period last year.
    In other words, EFRAME's performance has indeed improved compared to the third quarter of fiscal year 2023.
    However, the increase was affected by amortization of intangible assets, amounting to RM2.99 million, which was generated according to MFRS3: “Business Merger”. This was mainly due to the acquisition of 70.0% of Lee & Yong Aluminium Sdn Bhd (LYASB) shares.
    For readers with a non-accounting background, amortization of a business acquisition is like buying an asset; its cost needs to be amortized over its useful life (same as depreciation). This...
    Translated
    Econframe Berhad — Third Quarter Results Analysis
    Econframe Berhad — Third Quarter Results Analysis
    $GCE (5592.BMS)$
    It recorded losses for 10 consecutive fiscal years, and the Grand Continental hotel brand operator Large and Medium Enterprises (GCE, 5592, main board consumption) received the mainstockholdersThe proposal is to propose privatization at a price of 46 cents per share or a total of RM90.62 million.
    Large and medium enterprises point out that the two largeststockholdersThat is, Tan Chee Hoe & Sons Private Limited and Grand Central of Hotel Grand Central Co., Ltd. hold 72.65% of the shares. On July 22, they sent a letter requesting the board of directors to consider disqualifying large and medium-sized enterprises from listing, and to issue conditional resource acquisition proposals through Dahua Jixian Securities.
    The above proposed price is 37 cents over the final closing price, which is a 24% premium.
    In line with this major announcement, large and medium enterprises will suspend trading for one day today, and trading will resume at 9 a.m. on Tuesday (23rd). The stock closed at 37 cents last Friday (19th).
    Two peoplestockholdersIn the proposal letter, it was pointed out that large and medium-sized enterprises have recorded losses for 10 consecutive fiscal years. Furthermore, the average construction age of its 5 hotels is 31 years old and needs to be renovated, and the average occupancy rate this year is only about 24%.
    “Privatization will provide flexibility to manage the company's business without complying with listing requirements for listed companies.”
    After large and medium enterprises are delisted, a restructuring plan will be implemented.
    The company has not declared any dividends since 2019 due to 10 consecutive years of losses. The company has so far...
    Translated
    Major shareholders of large and medium enterprises plan to privatize 46 cents per share
    $M&A (7082.BMS)$
    M&A Value Partners Asset Management Malaysia Private Limited (M&A Value Partners Asset Management Malaysia) announced the launch of Malaysia's first initial public offering (IPO) equity fund and aims to obtain an absolute return of over 8% per year.
    The company stated that as the first IPO fund, it will focus on investing in securities that have the potential to be re-rated through various corporate activities in the short to medium term, including stocks and related securities of local companies at various stages from before the IPO to after completion of the IPO to achieve capital appreciation.
    Ye Sunliang, Malaysian CEO of Heying Value Asset Management, said a few days ago that he is happy to launch this new fund to reflect the company's commitment to provide innovative and high-growth investment opportunities for a wider range of investors.
    The goal of this IPO equity fund is to achieve an absolute return of more than 8% per year, providing an attractive value proposition for investors seeking growth and stability.
    “Since 2020, the average return on IPOs on the Malaysia Stock Exchange is 75.2%, while the FTSE Composite Index is only 0.8%. There's a huge gap between them, so we believe there's room to make money.”
    He also pointed out that the company has high liquidity during the listing campaign, easy to cash out profits, and will conduct thorough and precise reviews before listing, so investing before or during the IPO has an advantage.
    To this end, the fund allocates up to 20% of its assets in unlisted...
    Translated
    Hoying Value Partners launches first Malaysian initial share fund
    $CTOS (5301.BMS)$
    The third division of the Court of Appeals ruled today that CTOS Digital (CTOS, 5301, Main Board Technology Co., Ltd.) appealed directly to overturn the High Court's ruling, which is to pay compensation to customers for losses suffered due to poor credit scores.
    CTOS Digital said it will issue a statement later today to explain the latest developments in this matter.
    On March 11 of this year, a 43-year-old businesswoman sued CTOS Digital Systems for negligence and breach of fiduciary obligations, alleging that CTOS digital's inaccurate credit ratings caused damage to her personal reputation, finances, and company business.
    The businesswoman said that when she applied for a car loan in May 2019, she was rejected by the bank due to negative reports provided by CTOS. She later discovered that the report contained inaccurate data, which in turn led to an erroneous negative rating.
    The businesswoman also alleges that the credit score given to her by CTOS Digital was too low, causing financial institutions to lose confidence in her. As a result, the High Court ordered CTOS Digital to pay RM0.2 million in damages and RM0.05 million in court fees to the businesswoman.
    Meanwhile, the High Court ruled that CTOS Digital did not have the right to create credit scores.
    The judge stated that the main function of CTOS is to collect, record, preserve, and share information. However, he believes that CTOS is beyond its statutory function to establish credit scores.
    After the High Court handed down the above ruling on March 11, the CTOS digital stock price fell in response the next day (March 12). The management urgently summoned analysts and media on the same day...
    Translated
    1
    $SSB8 (0045.BMS)$
    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...
    Translated
    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?
    $AGRICOR (0309.BMS)$
    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...
    Translated
    $AGMO (0258.BMS)$ $SNS (0259.BMS)$
    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...
    Translated
    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.
    $AMBANK (1015.BMS)$
    After selling Ambank's shares for 700 million dollars, Australia's fourth largest bank completely exits | Finance
    Translated
    After selling Ambank's shares for 700 million dollars, Australia's fourth largest bank completely exits