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August 23, 2024 - $EPB (0317.BMS)$ rose over 8% on its first trading day on Friday, reaching a price of RM0.605 from an issue price of RM0.56.Furthermore, the public portion of its initial public offering (IPO) was oversubscribed by 61.08 times.
On August 16, EPB released its financial report for the second quarter, which ended on June 30. The report indicates that the company's revenue for the quarter reached 21 million. The net income attributable ...
On August 16, EPB released its financial report for the second quarter, which ended on June 30. The report indicates that the company's revenue for the quarter reached 21 million. The net income attributable ...
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Recent data shows that defensive sectors like utilities, consumer defensive, and healthcare have outperformed the information technology sector over the past month, reaching 52-week highs.
Notably, several stocks within these sectors have shown exceptional performance. Pharmaceutical giants with market values in the hundreds of billions, such as $Eli Lilly and Co (LLY.US)$, $Thermo Fisher Scientific (TMO.US)$, $AbbVie (ABBV.US)$, and ...
Notably, several stocks within these sectors have shown exceptional performance. Pharmaceutical giants with market values in the hundreds of billions, such as $Eli Lilly and Co (LLY.US)$, $Thermo Fisher Scientific (TMO.US)$, $AbbVie (ABBV.US)$, and ...
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(KUALA LUMPUR 22nd) Malaysian Sugar Factory $MSM (5202.BMS)$The profit was unsustainable. The net loss for the second quarter of fiscal year 2024 was 32.39 million7,000 ringgit, an increase of 55.63% compared to the same period last year!
This is another time the company turned into a loss after 2 consecutive quarters of profit. Previously, the company had lost money for 8 consecutive quarters.
The Malaysian Sugar Factory reported to the Malaysian Stock Exchange that revenue for the second quarter ended June 30 was 0.8 billion 33.07 million7,000 ringgit, an increase of 11.64% over the previous year.
In the first half of the year ending June 30, 2024, the Malaysian Sugar Factory's cumulative net profit was RM9.31 million6,000, while the net loss for the same period last year was RM56.69 million2,000, which improved markedly. Cumulative revenue for the same period was 1.7 billion39.69 million1,000, up 30.38% year over year.
Rising costs
The company explained that higher average sales, combined with local subsidies, boosted revenue; however, higher raw materials, transportation costs, and a weaker ringgit still hurt the company.
Looking ahead, global logistics and natural gas costs will remain high. The sugar industry will still face the challenge of high raw material costs, while raw sugar prices fluctuate due to international production.
The group will continue to strengthen local and export markets while exploring other markets. However, geopolitical tension may lead to higher costs, and the Group is cautious about this.
When the market closed, the Malaysian Sugar Factory reported RM1.48, a decrease of 0.5 cents or 3.27%, with a trading volume of 5.43 million2,600 shares.
Source: Nanyang Siang Pao
Disclaimer: This content is for...
This is another time the company turned into a loss after 2 consecutive quarters of profit. Previously, the company had lost money for 8 consecutive quarters.
The Malaysian Sugar Factory reported to the Malaysian Stock Exchange that revenue for the second quarter ended June 30 was 0.8 billion 33.07 million7,000 ringgit, an increase of 11.64% over the previous year.
In the first half of the year ending June 30, 2024, the Malaysian Sugar Factory's cumulative net profit was RM9.31 million6,000, while the net loss for the same period last year was RM56.69 million2,000, which improved markedly. Cumulative revenue for the same period was 1.7 billion39.69 million1,000, up 30.38% year over year.
Rising costs
The company explained that higher average sales, combined with local subsidies, boosted revenue; however, higher raw materials, transportation costs, and a weaker ringgit still hurt the company.
Looking ahead, global logistics and natural gas costs will remain high. The sugar industry will still face the challenge of high raw material costs, while raw sugar prices fluctuate due to international production.
The group will continue to strengthen local and export markets while exploring other markets. However, geopolitical tension may lead to higher costs, and the Group is cautious about this.
When the market closed, the Malaysian Sugar Factory reported RM1.48, a decrease of 0.5 cents or 3.27%, with a trading volume of 5.43 million2,600 shares.
Source: Nanyang Siang Pao
Disclaimer: This content is for...
Translated
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Hi, mooers!
This week, $ELRIDGE (0318.BMS)$ and $EPB (0317.BMS)$ are set to debut on the ACE Market of Bursa Malaysia Securities Berhad on 22 August and 23 August. How will the market react to the IPO results? Make your guess now!
Key information
$ELRIDGE (0318.BMS)$ is engaged in the manufacturing and trading of biomass fuel products with a strong presence in the Asia Pacific region. The company plans to issue a total of ...
This week, $ELRIDGE (0318.BMS)$ and $EPB (0317.BMS)$ are set to debut on the ACE Market of Bursa Malaysia Securities Berhad on 22 August and 23 August. How will the market react to the IPO results? Make your guess now!
Key information
$ELRIDGE (0318.BMS)$ is engaged in the manufacturing and trading of biomass fuel products with a strong presence in the Asia Pacific region. The company plans to issue a total of ...
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$YTLPOWR (6742.BMS)$ I have faith in you
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99 Speed Mart Retail Holdings Berhad, the largest Malaysian home-grown mini-market chain retailer is set to debut on the MAIN Market under the Consumer Products & Services sector on 9 September 2024. More insights at https://bit.ly/99speedmartipo
#BursaDigitalResearch #IPOAlert
#BursaDigitalResearch #IPOAlert
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Hi, mooers!
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Ever wonder how to make your idle money work smarter? Are you looking for ways to boost your idle funds while keeping them readily available?
You might want to get familiar with Cash Plus!
Here's a snapshot of what Cash Plus offers:
1. Daily returns: Enjoy returns of up to 3.5% p.a.*, even on non-trading days.
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Gold performance
As of August 13, spot gold is reported at $2,463 per ounce, and futures gold is at $2,503 per ounce, just a step away from the historical high of $2,522.5 per ounce. Since the beginning of 2024, gold has risen by more than 20% overall, constantly setting new historical highs.
$Barrick Gold (GOLD.US)$ has dropped the hammer on its second-quarter results, with a whopping revenue of $3.162 billion, a solid 11.7% climb from the y...
As of August 13, spot gold is reported at $2,463 per ounce, and futures gold is at $2,503 per ounce, just a step away from the historical high of $2,522.5 per ounce. Since the beginning of 2024, gold has risen by more than 20% overall, constantly setting new historical highs.
$Barrick Gold (GOLD.US)$ has dropped the hammer on its second-quarter results, with a whopping revenue of $3.162 billion, a solid 11.7% climb from the y...
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