PETALING JAYA: The Malaysian bond market, which registered the 13th straight month of positive net foreign inflows in May, will likely see lesser foreign inflows in the coming months as inflationary pressure in the US builds up.
31 May 2021 / 22:58 H.
PETALING JAYA: Serba Dinamik Holdings Bhd shares hit limit-down in early trade today on resumption of trading following a two-day suspension after it was informed by its longstanding external auditor KPMG about issues pertaining to the statutory audit. At today’s close, the stock was down 29.81% or 48 sen to RM1.13 with 28.33 million shares changing hands. It was the top loser of the day on Bursa Malaysia.
The tumble in Serba Dinamik’s share prices came as analysts appear to be at odds over concerns about the reliability of the oil and gas service firm’s unaudited FY20 results.
KUALA LUMPUR (Feb 27): PLUS Malaysia Bhd’s wholly-owned subsidiary Projek Lebuhraya Usahasama Bhd will convene an informal call with the holders of the latter’s RM23.35 billion Islamic bonds or sukuk to discuss, among others, the proposed further extension on the execution of the toll highway operator’s supplemental concession agreements with the Malaysian government to June 30, 2022 amid ongoing negotiations on toll restructuring between the highway concessionaire and the government.
CIMB Investment Bank Bhd, which is the principal adviser and lead arranger of Projek Lebuhraya Usahasama’s Islamic medium term notes of up to RM23.35 billion in nominal value, said in a statement on Thursday (Feb 25) that the scheduled informal call on Thursday (March 4, 2021) at 10am is pursuant to the letter from Projek Lebuhraya Usahasama to the sukuk trustee Maybank Trustees Bhd on Tuesday (Feb 23, 2021).
KUALA LUMPUR (Feb 9): Based on corporate announcements and news flow today, companies that may be in focus tomorrow (Feb 10) include: Sarawak Consolidated Industries Bhd, Mitrajaya Holdings Bhd, Top Glove Corp Bhd, Supermax Corp Bhd, Eonmetall Group Bhd, LKL International Bhd, Gets Global Bhd, Dialog Group Bhd, Berjaya Food Bhd, Malaysia Marine and Heavy Engineering Holdings Bhd, Teo Seng Capital Bhd, Oriental Interest Bhd, Genting Malaysia Bhd, AirAsia Group Bhd, Sapura Energy Bhd and Scomi Energy Services Bhd.
Sarawak Consolidated Industries Bhd’s units have bagged contracts worth RM821.32 million in Malaysia and Qatar for engineering, procurement, construction and commissioning (EPCC) projects. The first contract is for an EPCC project in Kuching worth RM421.97 million for the proposed mixed development in the Muara Tuang Land District and part of River Bank reserve, with an expected duration of 108 months. The second contract is for an EPCC contract in Qatar worth US$98 millio
KUALA LUMPUR (Jan 13): Based on corporate announcements and news flow today, stocks that may be in focus tomorrow (Jan 14) include: Eco World Development Group Bhd, UEM Sunrise Bhd, George Kent (Malaysia) Bhd, Chin Hin Group Property Bhd, WCT Holdings Bhd, Greatech Technology Bhd, HeiTech Padu Bhd, Aeon Credit Service (M) Bhd, Dayang Enterprise Holdings Bhd, Landmarks Bhd, Petronas Dagangan Bhd, Maxis Bhd, Genting Malaysia Bhd, AE Multi Holdings Bhd, PNE PCB Bhd and Wintoni Group Bhd.
Eco World Development Group Bhd (EcoWorld) said the property developer’s board has decided not to pursue the proposed merger with rival
UEM Sunrise Bhd following careful evaluation of the merger alongside EcoWorld’s own business plans and the current challenging environment with the re-implementation of the Movement Control Order (MCO). EcoWorld said that since the last announcement on Dec 30, 2020 regarding the proposed merger, the parties involved had been engaged in discussions with a view tow