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KUALA LUMPUR (Aug 3): Based on corporate announcements and news flow today, companies that may be in focus tomorrow (Wednesday Aug 4) include: Hartalega Holdings Bhd, HB Global Ltd, Dufu Technology Corp Bhd, HPP Holdings Bhd, Kanger International Bhd, Berjaya Land Bhd (BLand) and Berjaya Food Bhd (BFood). Hartalega Holdings Bhd saw its net profit double to RM2.26 billion for the first quarter ended June 30, 2021 (1QFY22), from RM1.12 billion in the preceding quarter (4QFY21). Revenue expanded 69% to RM3.9 billion from RM2.3 billion in the preceding quarter. The group proposed a final dividend of 19.75 sen per share, the highest payout for the financial year ended March 31, 2021 (FY21). This brings total dividend per share to 50.95 sen for FY21. On a year-on-year basis, Hartalega’s net profit soared by 928% from RM219.72 million a year earlier, with revenue swelling 324% from RM920.09 million. ....
16 Jul 2021 / 21:37 H. PETALING JAYA: Berjaya Corp Bhd (BCorp) said its board of directors is not aware of any plan to privatise the group’s subsidiary Berjaya Land Bhd, sell Berjaya Sports Toto Bhd, and set up a hospitality real estate investment trust. The group clarified that the plans are personal idea and strategies of its CEO Abdul Jalil Abdul Rasheed. It explained that Jalil’s appointment was made to transform BCorp into an institutionalised group, managed by professionals. Jalil was mandated to relook at the BCorp structure and amongst others to improve synergies & efficiency, streamline the various group businesses and to transform BCorp into a high performing organisation. ....
KUALA LUMPUR (July 16): Berjaya Corp Bhd (BCorp) said the strategic plans mentioned by its chief executive officer Abdul Jalil Rasheed at a virtual event yesterday were merely personal ideas and strategies, and that its board is not aware of them and has not deliberated on any of them. In a filing with the bourse, BCorp said Jalil has been mandated to relook at the BCorp structure, as well as improve synergies and efficiency, streamline the various group businesses and transform the group into a high performing organisation. “Jalil was answering possible permutations as to how he can structure the BCorp group to achieve the objectives of the restructuring exercise and the possibility of divesting certain assets during these public investor relation forums,” it said. ....
Berjaya Corp plans to privatise Berjaya Land, sell Berjaya Sports Toto 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.
BCorp unveils three-year strategic plan to streamline business, unlock value 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.