Based on corporate announcements and news flow on Friday, companies in focus on Monday (Feb 21) may include: Axiata Group Bhd, Digi.com Bhd, Maxis Bhd, Hock Seng Lee Bhd, Solution Group Bhd, Jerasia Capital Bhd, Sime Darby Plantation Bhd, Inari Amerton Bhd, KPJ Healthcare Bhd, Malaysia Smelting Corp Bhd and Petra Energy Bhd. Four mobile network operators (MNOs) Celcom Axiata Bhd, Digi Telecommunications Sdn Bhd, Maxis Bhd and U Mobile Sdn Bhd have recommended that the government allow a dual wholesale network (DWN) model which will be developed and operated by two consortiums involving the government, Digital Nasional Bhd (DNB), and MNOs who are ready to invest.
KUALA LUMPUR (Dec 17): Malaysia Smelting Corp Bhd said the force majeure that kicked in for the group since June this year due to the national Covid-19 lockdown will be lifted at midnight on Monday (Dec 20).
Based on corporate announcements and news flow today, companies in focus tomorrow may include: Kuala Lumpur Kepong Bhd, IJM Plantations Bhd, Malaysia Smelting Corp Bhd, Top Glove Corp Bhd, Eversendai Corp Bhd, MSM Malaysia Holdings Bhd, Greatech Technology Bhd, Tiong Nam Logistics Holdings Bhd, Central Global Bhd, Yinson Holdings Bhd, Kejuruteraan Asastera Bhd, MQ Technology Bhd, Handal Energy Bhd and Fitters Diversified Bhd.
Malaysia Smelting Corp Bhd (MSC) has declared force majeure after suspending its tin mining and smelting operations from Friday (June 4) until Monday (June 14) in line with the Malaysian Government’s implementation of the total lockdown across the country to curb the spread of the Covid-19 pandemic.
KUALA LUMPUR (May 7): Malaysia Smelting Corp Bhd returned to black with a net profit of RM22.12 million in the first quarter ended March 31, 2021 (1QFY21) against a net loss of RM13.19 million a year before, on the back of higher average tin prices.
Quarterly revenue increased by one-third to RM275.91 million from RM205.31 million a year ago, thanks to higher refined tin sales and more favourable average tin prices, the company’s filing with Bursa Malaysia showed.
The group’s tin mining arm posted a net profit of RM19.6 million in 1QFY21, representing a three-fold jump from RM4.5 million in 1QFY20. The improved performance was primarily driven by higher tin prices and increased tin production during the quarter. Average tin prices for 1QFY21 climbed 49% higher to US$24,737/tonne (RM101,718), compared with US$16,656/tonne (RM68,489) in 1QFY20. Its tin smelting division, meanwhile, reported a net profit of RM10.4 million against a net loss of RM19.3 million in 1QFY20, lifted