Corporate News

TCS bags Sabah Pan Borneo Highway deal

TCS Group Holdings Bhd’s wholly-owned subsidiary, TCS Construction Sdn Bhd, has secured a RM611.3mil contract for the construction of new highway and road upgrading works for Pan Borneo Sabah Highway Phase 1B.

Markets

Innovation, collaboration key to drive market resilience

Innovation and collaboration is crucial to drive market resilience, according to the Securities Commission (SC).

Corporate News

SAM’s 2Q earnings drop to RM25mil

SAM Engineering & Equipment (M) Bhd has reported a 23.7% year-on-year (y-o-y) drop in net profit for the second quarter of financial year 2025 (2Q25).

Corporate News

SCRB IPO oversubscribed by 350 times

Supreme Consolidated Resources Bhd (SCRB) reported overwhelming demand for its initial public offering (IPO), with the public portion of shares seeing an oversubscription of 349.4 times.

Corporate News

Malayan Flour 3Q net profit declines 70%

Malayan Flour Mills Bhd’s net profit tumbled by nearly 70% year-on-year (y-o-y) in the third quarter ended Sept 30, 2024 (3Q24), as a RM12.9mil loss from joint ventures offset higher sales from the flour and grain trading business.

Corporate News

Dialog quarterly bottom line rises 14%

Oil-and-gas services provider Dialog Group Bhd posted a 14.2% increase in net profit for its first quarter ended Sept 30, 2024 of financial year 2025 (1Q25) to RM150.97mil from RM132.17mil in the same period last year.

Corporate News

Cape EMS registers loss-making third quarter

Cape EMS Bhd insists it will remain vigilant in managing its business, despite navigating a challenging global landscape characterised by factors beyond its control including the ongoing US-China trade tensions, global geopolitical conflicts and the uncertain US dollar movement.

Corporate News

Weaker fourth quarter forecast for HE Group on order-book completion

A sequentially weaker fourth quarter of financial year 2024 (4Q24) can be expected for HE Group Bhd as projects are nearing completion.

Economy

Brazil at sweet spot for Malaysian semiconductor industry to de-risk supply chain - Tengku Zafrul

RIO DE JANEIRO (Brazil): The largest South American country Brazil is strategically located for Malaysian semiconductor industry’s "Plus One” strategy to de-risk their supply chain resiliency.

Corporate News

Dialog posts higher net profit of RM150.97mil in 1Q

KUALA LUMPUR: Dialog Group Bhd posted a higher net profit of RM150.97 million for the first quarter ended Sept 30, 2024 (1Q FY2025) compared to a net profit of RM132.17 million in the same quarter last year.

Business

SC: Innovation and collaboration crucial to drive market resilience

PETALING JAYA: Innovation and collaboration is crucial to drive market resilience, according to the Securities Commission Malaysia (SC).

Corporate News

Supreme Consolidated IPO oversubscribed by 349.42 times

KUALA LUMPUR: Supreme Consolidated Resources Bhd’s initial public offering (IPO) has been oversubscribed by 349.42 times, ahead of its listing on the ACE Market of Bursa Malaysia.

Forex

Ringgit ends higher on weaker demand for greenback

KUALA LUMPUR: The ringgit appreciated against the US dollar on Tuesday rebounding from yesterday’s loss, following weaker demand for the greenback, said an analyst.

Corporate News

Eden Inc bags RM20mil Health Ministry contract

PETALING JAYA: Eden Inc Bhd has been awarded a contract worth RM20mil by the Health Ministry for the provision of outsourced food services for the National Cancer Institute.

Aviation

Airbus Helicopters eyes growth in Malaysia, Asia-Pacific amid rising ems demand

SUBANG JAYA: Airbus Helicopters is optimistic about its growth in Malaysia and the Asia-Pacific region through 2025, driven by rising demand in both civil and military sectors, particularly for emergency medical services (EMS), as the region’s economic development and security needs expand.

Corporate News

TCS wins RM611.3mil contract for Pan Borneo Highway project

KUALA LUMPUR: TCS Group Holdings Bhd’s wholly-owned subsidiary, TCS Construction Sdn Bhd, has been awarded a RM611.3mil contract by Sabah Public Works Department (JKR Sabah) for the construction of a new highway and road upgrades on the Pan Borneo Sabah Highway Phase 1B.

Corporate News

Dutch Lady cautiously optimistic outlook

PETALING JAYA: Dutch Lady Milk Industries Bhd (DLMI) is cautiously optimistic about its outlook for the remainder of its financial year 2024, despite facing inflationary pressures and currency fluctuations.

Corporate News

Malayan Flour Mills 9M24 net profit jumps 96.1% to RM64.1mil

KUALA LUMPUR: Malayan Flour Mills Bhd (MFM), which saw its net profit tumble by 70% in the third quarter ending Sept 30 (3Q24), is expected to remain profitable for the financial year ending Dec 31, 2024.

Markets

Deloitte: Malaysia tops southeast Asia's equity market performance in 2024

KUALA LUMPUR: Malaysia has attracted significant interest in its equity market, becoming the best performer in Southeast Asia when compared to its regional peers for the first 10 and a half months of this year, according to Deloitte, a global professional services firm.

Corporate News

Binastra gets RM256mil data centre job

PETALING JAYA: Binastra Corp Bhd (BCB) has accepted a letter of award worth RM256.45mil from Exsim Jalil Link Sdn Bhd for mechanical and electrical fit-out works relating to a data centre in Bukit Jalil, Kuala Lumpur.