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KUALA LUMPUR (March 10): Based on corporate announcements and news flow today, companies in focus on Thursday (March 11) may include Press Metal Aluminium Holdings Bhd, MNC Wireless Bhd, Genetec Technology Bhd, Hartalega Holdings Bhd, Alcom Group Bhd, UMW Holdings Bhd, Malaysia Airports Holdings Bhd, Censof Holdings Bhd, UEM Sunrise Bhd, Bermaz Auto Bhd, Chin Hin Group Property Bhd, Vizione Holdings Bhd and SEG International Bhd. Press Metal Aluminium Holdings Bhd has proposed to undertake a bonus issue of 4.04 billion new ordinary shares on the basis of one bonus share for every one existing share held on an entitlement date to be announced later. The group said the bonus issue is in line with the group s objective of rewarding its shareholders, apart from cash dividends. ....
Earnings per share fell to 0.72 sen from 0.84 sen, the group s stock exchange filing showed. The educational solution provider said its quarterly revenue declined 11% to RM52.34 million from RM58.78 million previously. For the full year, the group’s net profit dropped 13% to RM39.18 million from RM45.13 in the previous year, as revenue declined 16% to RM204.12 million from RM243.97 million, partly due to the delayed new enrolments amid the Movement Control Orders (MCOs) and border control due to Covid-19. Moving forward, SEGi said the pandemic and MCOs have affected many industries and the higher education sector was no exception. “The restrictions in movement and travel have affected the group’s revenue in 2020. During this period, the group has taken the opportunity to develop relevant new course offerings to meet the current market demand. ....