FLONIC PLANS BONUS ISSUE:Flonic Hi-Tec Bhd has proposed abonus issue of 70 million newshares on the basis of one newshare for every existing share. In astatement to Bursa Malaysia, thecompany said the bonus issuewould be implemented via thecapitalisation of its share premiumreserve. Flonic's latest managementaccounts as of December2005 show the company has ashare premium reserve ofRM7.62mil. – AFX-Asia PERMAJU AWARDED LOGGINGJOB: Permaju Industries Bhd
saidthe Pahang State Foundation hasawarded it a logging contract on atotal area of 885.65 acres at anoffer price of RM7.55mil. The companytold Bursa Malaysia loggingwork on the area would provide itaccess to timber resources andenable the group to secure additionalsupply of logs for sale. –AFX LOWER Q2 PROFIT FOR PAOS:PAOS Holdings Bhd recorded a pretaxprofit of RM358,000 in thesecond quarter ended Nov 30,2005, compared with RM1.09mil inthe same period of 2004. Revenuedecreased to RM50.30mil fromRM61.81mil previously. – Bernama POLY GLASS Q3 PROFITDECLINES: Poly Glass Fibre (M) Bhdregistered a pre-tax profit ofRM189,000 in the third quarterended Nov 30, 2005 versusRM588,000 in the same period of2004. Revenue declined toRM7.42mil from RM7.96mil. –Bernama AT POSTS RM1.6MIL Q3 PROFIT:AT Systematization Bhd recorded apre-tax profit of RM1.61mil in thethird quarter ended Nov 30, 2005,on revenue of RM6.81mil. –Bernama GUOCOLAND RECORDS HIGHERREVENUE: Guocoland (M) Bhd registereda pre-tax profit of RM2.1milin the second quarter ended Dec31, 2005, compared with RM3.3milin the same period of 2004.Revenue rose to RM39.43mil fromRM37.11mil before. – Bernama LOWER PROFIT FOR CHINTECK: Chin Teck Plantations Bhdposted a lower pre-tax profit ofRM7.26mil in the first quarterended Nov 30, 2005 comparedwith RM15.05mil in the sameperiod of 2004. Revenue fell toRM18.97mil from RM24.36mil.— Bernama MERGE HOUSING INCURSLOSSES IN Q2: Merge HousingBhd registered a pre-tax loss ofRM411,000 in the second quarterended Nov 30, 2005 versus apre-tax profit of RM6mil in thesame period of 2004. Turnoverdeclined to RM15.37mil fromRM36.98mil. — Bernama NYLEX Q2 PROFIT RISES TORM6.5MIL: Nylex (M) Bhd recordeda higher pre-tax profit ofRM6.56mil in the second quarterended Nov 30, 2005 comparedwith RM5.99mil in the samequarter of 2004. Revenue rose toRM166.9mil from RM147.26mil.— Bernama PPBH TO MANAGE RASA SAYANGRESORT: PPB Group Bhd said its whollyowned subsidiary, PPB Hartabina Sdn Bhd(PPBH) has entered into an agreement to provideproject management services to Shangri-La Hotels (M) Bhd in connection with themajor re-development of the Rasa SayangResort in Penang. PPBH is to advise on, supervise, coordinate,manage and administer the project at a feeequal to 1.5% of the total project cost.Based on preliminary construction costestimate of about RM70.2mil, the estimatedproject management fee is RM1.05mil subjectto adjustment on presentation of finalaccounts for the project. – Bernama
PROTON, PETRONAS SIGN MOI: ProtonHoldings Bhd and Petroliam Nasional Bhd(Petronas) have signed a memorandum ofintent (MoI) to develop larger engines andenvironment-friendly alternative fuel systemsfor Proton. With the signing, both parties will becollaborating and exploring possibilities tofurther develop Petronas engines and thesubsequent potential commercialisation ofthe engine. Proton and Petronas willparticularly be looking at the compatibility ofPetronas’ E01engine to Proton’s vehicles.
The collaboration will also see both partiescooperating to develop a natural gas vehiclesystem for Proton.
INGENUITY SIGNS CARD SYSTEM DEAL:Ingenuity Solutions Bhd said its subsidiary,Ingenuity Microsystems Sdn Bhd, has signedan agreement with Boustead PetroleumMarketing Sdn Bhd for the licensing, maintenanceand support of Ingenuity's Fleet CardManagement System. The card management system would bedeployed nationwide to all Bousteadpetroleum marketing service stations, it said.
In a statement to Bursa Malaysia, Ingenuitysaid the project was expected to contributepositively to its future earnings. No otherdetails were provided. – AFX-Asia
TRIPLC POSTS PROFIT: TRIPLC BHD recordeda profit before tax of RM1.37mil for thesecond quarter ended Nov 30, 2005. Its revenuewas RM26.76mil. - Bernama LIM AH LEK IS KTM CHAIRMAN: KTMBhd has appointed Tan Sri Lim Ah Lek, theformer Human Resources Minister, itschairman effective Jan 2. — Bernama 2.5 SEN DISTRIBUTION FOR HLG DIVIDENDFUND: HLG Unit Trust Bhd hasdeclared a gross cash distribution of 2.5 senfor its HLG Dividend Fund. The fund, launched on Jan 6, is aimed atproviding steady recurring income that ispotentially higher than prevailing fixeddeposit rates.
As at Dec 31, 2005, the total fund size ofHLG Dividend Fund amounted toRM423.34mil, with 889.25 million units incirculation. — Bernama
PUBLIC MUTUAL DECLARES DISTRIBUTIONSFOR THREE FUNDS: Public MutualBhd has declared a gross distribution of 5sen and 3.25 sen for Public Index Fund andPublic Money Market Fund, respectively. It has also declared a gross distribution of3.5 sen and unit split of 1:35 for PublicEnhanced Bond Fund.
The distributions and unit split were forthe financial year ended Jan 31.
PERMAJU AWARDED LOGGINGJOB: Permaju Industries Bhd saidthe Pahang State Foundation hasawarded it a logging contract on atotal area of 885.65 acres at anoffer price of RM7.55mil. The companytold Bursa Malaysia loggingwork on the area would provide itaccess to timber resources andenable the group to secure additionalsupply of logs for sale. –AFX LOWER Q2 PROFIT FOR PAOS:Paos Holdings Bhd recorded a pretaxprofit of RM358,000 in thesecond quarter ended Nov 30,2005, compared with RM1.09mil inthe same period of 2004. Revenuedecreased to RM50.30mil fromRM61.81mil previously. – Bernama POLY GLASS Q3 PROFITDECLINES: Poly Glass Fibre (M) Bhdregistered a pre-tax profit ofRM189,000 in the third quarterended Nov 30, 2005 versusRM588,000 in the same period of2004. Revenue declined toRM7.42mil from RM7.96mil. –Bernama AT POSTS RM1.6MIL Q3 PROFIT:AT Systematization Bhd recorded apre-tax profit of RM1.61mil in thethird quarter ended Nov 30, 2005,on revenue of RM6.81mil. –Bernama GUOCOLAND RECORDS HIGHERREVENUE: Guocoland (M) Bhd registereda pre-tax profit of RM2.1milin the second quarter ended Dec31, 2005, compared with RM3.3milin the same period of 2004.Revenue rose to RM39.43mil fromRM37.11mil before. – Bernama LOWER PROFIT FOR CHINTECK: Chin Teck Plantations Bhdposted a lower pre-tax profit ofRM7.26mil in the first quarterended Nov 30, 2005 comparedwith RM15.05mil in the sameperiod of 2004. Revenue fell toRM18.97mil from RM24.36mil.— Bernama MERGE HOUSING INCURSLOSSES IN Q2: Merge HousingBhd registered a pre-tax loss ofRM411,000 in the second quarterended Nov 30, 2005 versus apre-tax profit of RM6mil in thesame period of 2004. Turnoverdeclined to RM15.37mil fromRM36.98mil. — Bernama NYLEX Q2 PROFIT RISES TORM6.5MIL: Nylex (M) Bhd recordeda higher pre-tax profit ofRM6.56mil in the second quarterended Nov 30, 2005 comparedwith RM5.99mil in the samequarter of 2004. Revenue rose toRM166.9mil from RM147.26mil.— Bernama PPBH TO MANAGE RASA SAYANGRESORT: PPB GROUP BHD said its whollyowned subsidiary, PPB Hartabina Sdn Bhd(PPBH) has entered into an agreement to provideproject management services to Shangri-La Hotels (M) Bhd in connection with themajor re-development of the Rasa SayangResort in Penang. PPBH is to advise on, supervise, coordinate,manage and administer the project at a feeequal to 1.5% of the total project cost.Based on preliminary construction costestimate of about RM70.2mil, the estimatedproject management fee is RM1.05mil subjectto adjustment on presentation of finalaccounts for the project. – Bernama
PROTON, PETRONAS SIGN MOI: ProtonHoldings Bhd and Petroliam Nasional Bhd(Petronas) have signed a memorandum ofintent (MoI) to develop larger engines andenvironment-friendly alternative fuel systemsfor Proton. With the signing, both parties will becollaborating and exploring possibilities tofurther develop Petronas engines and thesubsequent potential commercialisation ofthe engine. Proton and Petronas willparticularly be looking at the compatibility ofPetronas’ E01engine to Proton’s vehicles.
The collaboration will also see both partiescooperating to develop a natural gas vehiclesystem for Proton.
INGENUITY SIGNS CARD SYSTEM DEAL:Ingenuity Solutions Bhd said its subsidiary,Ingenuity Microsystems Sdn Bhd, has signedan agreement with Boustead PetroleumMarketing Sdn Bhd for the licensing, maintenanceand support of Ingenuity's Fleet CardManagement System. The card management system would bedeployed nationwide to all Bousteadpetroleum marketing service stations, it said.
In a statement to Bursa Malaysia, Ingenuitysaid the project was expected to contributepositively to its future earnings. No otherdetails were provided. – AFX-Asia
TRIPLC POSTS PROFIT: TRIPLC BHD recordeda profit before tax of RM1.37mil for thesecond quarter ended Nov 30, 2005. Its revenuewas RM26.76mil. - Bernama LIM AH LEK IS KTM CHAIRMAN: KTMBhd has appointed Tan Sri Lim Ah Lek, theformer Human Resources Minister, itschairman effective Jan 2. — Bernama 2.5 SEN DISTRIBUTION FOR HLG DIVIDENDFUND: HLG Unit Trust Bhd hasdeclared a gross cash distribution of 2.5 senfor its HLG Dividend Fund. The fund, launched on Jan 6, is aimed atproviding steady recurring income that ispotentially higher than prevailing fixeddeposit rates.
As at Dec 31, 2005, the total fund size ofHLG Dividend Fund amounted toRM423.34mil, with 889.25 million units incirculation. — Bernama
PUBLIC MUTUAL DECLARES DISTRIBUTIONSFOR THREE FUNDS: Public MutualBhd has declared a gross distribution of 5sen and 3.25 sen for Public Index Fund andPublic Money Market Fund, respectively. It has also declared a gross distribution of3.5 sen and unit split of 1:35 for PublicEnhanced Bond Fund.
The distributions and unit split were forthe financial year ended Jan 31.
