PETALING JAYA: Malaysia Airports Holdings Bhd (MAHB) has enough cash to take it through for more than a year if its recovery gets derailed by the possibility of a resurgence in Covid-19 cases in Sabah and Sarawak.
KUALA LUMPUR: Shares of Duopharma Biotech Bhd hit a near 13-month low of RM2.35 on Thursday ahead of its shareholders’ meeting the next day for the proposed bonus issue
Green push: The solar panels that form TNB’s solar-wind-diesel hybrid power generating system are seen on Pulau Perhentian Kecil. The utility giant has outlined its aspiration to be the leading provider of sustainable energy solutions.
PETALING JAYA: Expectations are high among the investment community for further renewable energy (RE) plant awards by the government via the continuation of large-scale solar (LSS) contracts.
Following the robust bidding for the recently concluded LSS phase four tenders in March, TA Research said this was likely to lead to an acceleration of new LSS tenders.
“We believe that RE plant awards will continue to be dished out rapidly. This is likely through LSS tenders for plant capacities below 50 megawatts (MW), ” TA Research said in a report.
KUALA LUMPUR (July 14): The highly-anticipated cash call from AirAsia Group Bhd has received different reactions from analysts covering the budget airline, with some highly supportive of the mechanism involved, while others opined that the RM1.02 billion proceeds is not enough to support its cash flow requirement.
As investors shared optimism on the future projected returns from the rights issue, a major uncertainty looms. AirAsia has not received the undertaking from its co-founders (and chief executive officer and chairman) Tan Sri Tony Fernandes and Datuk Kamarudin Meranun for their portion of the rights issue.
When it announced the fund raising exercise on Monday (July 12), AirAsia said it intends to secure the undertakings from the duo, who control 26.4% in the company and have the right to subscribe to RM257.27 million or 25.1% of the intended RM1.02 billion fund-raising.