Bursa highlights for Tues, Feb 16

Bursa highlights logo for Star Online (Business).

Bursa highlights on Feb 16

Sabah Ports Sdn Bhd, a unit of Suria Capital Holdings Bhd that has been made the implementing agency for the RM800mil Sapangar Bay Container Port expansion programme, will more than double the port’s handling capacity under the programme’s initial phase. The port currently handles about 70% of the total container throughput of Sabah. Read more 

Construction firm TSR Capital Bhd has bought land in Mutiara Damansara, Petaling Jaya, from Habib Jewels managing director Datuk Seri Meer Sadik Habib and his wife, and it plans to develop two office tower blocks there with an estimated gross development value of RM230mil. Read more

Barakah Offshore Petroleum Bhd has bagged a RM19.1mil subcontract to provide engineering, procurement, installation and related works for Petronas’ floating liquefied natural gas plant offshore Sarawak over an 11-month period. Read more

Bioalpha Holdings Bhd and PUC Founder (MSC) Bhd have aborted their proposed collaboration involving the sharing of land to undertake their respective businesses - herb planting activities for Bioalpha and solar photovoltaic plant operations for PUC Founder. Read more

Plastic part manufacturer Asia Knight Bhd, which proposed to acquire a construction firm in a bid to regularise its financial position, has mutually terminated the deal with the vendors due to challenges facing the target company. Read more

Glove manufacturer Hartalega Holdings Bhd’s net profit jumped 46.99% to RM72.79mil for the third quarter ended Dec 31, 2015 on a combination of a strengthening US dollar, expansion in capacity and an increase in demand. Read more

Oil and gas service firm Dialog Group Bhd’s second-quarter net profit fell marginally to RM78mil from slower upstream activities and lower sales in specialist products and services.

Aluminium Co of Malaysia Bhd (Alcom) is on track to return to the black for the financial year ending March 31, 2016 after three years of losses. It swung to a net profit of RM2.14mil in the nine-month financial period ended Dec 31, 2015 from a loss of RM3.93mil previously, leading the group to expect it will close the financial year with encouraging results. Read more

Axiata Group Bhd is set to hold its decisive EGM on Wednesday afternoon where shareholders will decide on the telco's proposed acquisition of an 80% stake in Nepal’s number one mobile operator, Ncell Pte Ltd for US$1.365bil (RM5.67bil). Read more


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