GIIB identifies ways to turn around operations by early 2022 thestar.com.my - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thestar.com.my Daily Mail and Mail on Sunday newspapers.
AIM WINNERS & LOSERS: PHSC plans share buyback as earnings rise
Thu, 13th May 2021 10:29
(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Thursday.
AIM - WINNERS
PHSC PLC, up 21% at 17.00 pence, 12-month range 7p-19.9p. Hits this 12-month high earlier on Thursday. The health & safety consulting firm expects revenue of GBP3.3 million for year to March 31, down from GBP4.4 million the year before, but underlying earnings before interest, taxes, depreciation and amortisation expected to rise to GBP520,000 from GBP255,000. Starts share buyback programme worth GBP325,000. The company s board of directors has decided to effect the buyback programme, in part, due to the additional cash generated and held further to the successful disposal of the company s Essex property in late September 2018 for GBP305,000 gross and in light of the fact that PHSC s closing middle market share price as at May 12, being the latest practicable date prior to th
KUALA LUMPUR (May 9): Tenaga Nasional Bhd (TNB) must have the necessary financial strength to continue undertaking huge capital expenditure (capex) investments to expand the system for growth and development, while maintaining stability in the country s electricity supply.
Besides ensuring energy security, TNB would be well placed to contribute a healthy RM31 billion to Malaysia s gross domestic product over four years beginning 2021, arising from capex returns from a wide array of power development projects.
These include a capex of RM7.3 billion this year and the forecast RM24 billion from 2022 to 2024.
Such high investments would ensure widespread spillover benefits to the Malaysian economy which is currently facing a downturn, no thanks to the crippling effects of the Covid-19 pandemic.
RCE Capital shines in adversity theedgemarkets.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theedgemarkets.com Daily Mail and Mail on Sunday newspapers.
CHANGES are afoot at Malaysia Building Society Bhd (MBSB), starting with a board and management revamp at its wholly-owned banking subsidiary MBSB Bank Bhd. This will be followed by a group restructuring, which could take place as early as mid-2022, president and CEO Datuk Seri Ahmad Zaini Othman tells The Edge in an interview.
The changes are aimed at strengthening the country’s second largest standalone Islamic bank and giving it a more competitive edge. MBSB is 65.4%-owned by the Employees Provident Fund (EPF).
At the boardroom level, a new chairman will be brought in on March 1 to replace Tan Sri Abdul Halim Ali, 77, who has chosen to retire after 19 years at the helm. He stepped down as chairman of both MBSB and MBSB Bank on Feb 6, according to a stock exchange filing.