Bursa highlights logo for Star Online (Business).
Bursa highlights on Dec 15
Smart card maker and biometrics solution provider Datasonic Group Bhd, whose earnings have depended much on the supply of MyKad cards and passport polycarbonate data pages, has clinched another lucrative government job -- a RM318.75mil deal to supply Malaysian passport chips for five years or 12.5 million passport chips. The value of the contract exceeds its revenue of RM285.2mil for the 15-month financial period ended March 31, 2015. Read more
In one fell swoop, century-old plantation company United Malacca Bhd doubles its plantation land and achieves its ambition of expanding to Indonesia. The company does this by buying into a company with 24,585ha of oil palm plantation land in Central Kalimantan. And it is paying a much lower per-hectare cost than FGV’s proposed deal with the Rajawali Group. Read more
Felda Global Ventures Holdings Bhd (FGV) can be commended for its latest effort: to manage palm oil waste by using the biomass waste to produce biodegradable plastics. The sustainable biomass project, still at an MoU stage, will also allow FGV to diversify with a new revenue stream. Read more
Top Glove Corp Bhd has taken advantage of the strong US dollar and lower raw material prices to grow -- really grow -- its net profit. The rubber glove maker reported a 164% jump in its net profit to RM128.34mil in the first quarter ended Nov 30, 2015 from RM48.68mil a year ago, on the back of record-high revenue. Read more
Construction firm WCT Holdings Bhd has won its third Petronas contract in as many months for the Rapid project in Johor, this time worth RM322.56mil and for works at the storm drain central area. Last month WCT had won a RM315.56mil contract and in October a RM267mil contract. Read more
Independent power producer Malakoff Bhd’s Port Dickson power plant has received a conditional three-year extension to February 2019 from the Energy Commission but first it must conclude discussions with its sole buyer Tenaga Nasional and gas supplier Petronas or other players. Read more
AmFirst Real Estate Investment Trust’s manager has sold off one of its office buildings located in the prime area of Kuala Lumpur -- the 13-storey AmBank Group Leadership Centre at Jalan Puncak -- for RM36mil. Read more
UEM Edgenta Bhd, which has proposed to acquire an 80% equity stake in KFM Holdings Sdn Bhd for RM128mil cash, has entered into a shares sale agreement with KFM’s controlling shareholders for the deal. Read more
Limited time offer:
Just RM5 per month.
