Bursa highlights for Tues, March 22

Bursa highlights logo for Star Online (Business).

Bursa highlights on March 22

Pharmaceutical product maker CCM Duopharma Biotech Bhd is investing RM140.8mil to construct a new state-of-the-art plant and warehouse in Klang to meet the current operational demand and to expand into specialty products. Production capacity will increase by 40% to 50% following the plant’s completion, projected to be by end-2018. Read more

Electronic manufacturing services firm VS Industry Bhd has subscribed to 12.1% equity interest in London-listed vehicle operator monitoring technology firm Seeing Machines Ltd for £6.74mil (RM38.6mil). Read more

Pharmaniaga Bhd has increased its shareholding in PT Errita Pharma, which makes and sells pharmaceutical products in Indonesia, from 75% to 85% by paying US$2.4mil (RM9.62mil) and 6.683 billion rupiah (RM2.03mil) to vendor PT Dasar Technologi.

Top Glove Corp Bhd, the world’s largest rubber glove manufacturer, is making a foray into the healthcare business via a joint venture with DHS Emergency Asia Sdn Bhd. Read more

Astro Malaysia Holdings Bhd’s net profit for its fourth quarter ended Jan 31, 2016 jumped 47% to RM203.77mil from RM139.97mil in the previous corresponding period. This was mainly due to an increase in earnings before interest, taxes, depreciation, and amortisation (EBITDA) of RM27mil and a lower net finance cost of RM30mil. Read more

Packaging firm Scientex Bhd reported a net profit of RM64.6mil in the second quarter for the financial period ended July 31, 2016 (FY16), or a 79% increase from RM36.05mil over the same period last year. Read more

Sentoria Group Bhd announced two contract wins -- a RM90mil job to build about 800 units of houses on 75 acres of Government land in Kuantan by March 2020 and a RM20mil deal to build a 128-unit apartment block in Sepang by March 2019.

Pos Malaysia Bhd said it is reviewing its tariff structure, last revised in July 2010, and business sustainability of the postal services. Read more