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Bursa highlights on Feb 18
Biscuits manufacturer, Hup Seng Industries Bhd, posted a higher pre-tax profit of RM72.95 million for 2015 compared with RM51.72 million in the previous year on improved sales margins. Read more
Boustead Heavy Industries Corp Bhd’s subsidiary BHIC AeroServices Sdn Bhd has bagged a three-year extension of contract for in-service support for six Royal Malaysian Navy’s Fennec AS555SN helicopters at a revised value of RM63.2mil (previously it was RM32.4mil for a three-year period to Jan 2016). Read more
Media planning and e-payment service provider PUC Founder (MSC) Bhd’s (PUCF) 28-for-20 rights issue of up to RM83.9mil nominal value of irredeemable convertible unsecured loan stocks (Iculs) with warrants was undersubscribed by 42.8%. However, the minimum subscription level of RM28mil nominal value was achieved. Read more
Genting Singapore, which is 53% owned by Genting Bhd, posted the lowest annual profit in five years hit by a lower premium gaming market due to the group continued to tighten its credit policy and higher finance costs. (from SGX statement) Read more
Mulpha International Bhd’s associate company, Australia-listed retirement community operator Aveo Group Ltd, has acquired 15 retirement communities in Australia, comprising more than 1,000 units, for A$215.5mil (RM643.69mil) plus acquisition costs. (from media statement) Read more
PPB Group Bhd’s associate and world’s biggest palm oil trader Wilmar International Ltd recorded a 4.4% fall in core net profit to US$1.166bil (RM4.85bil) for the financial year ended Dec 31, 2015, mainly due to translation losses on the back of weaker regional currencies against the US dollar. This was despite a 10% higher sales volume for the year at 65.3 million tonnes. (statement to SGX) Meanwhile, PPB Group will announce its FY15 results on Friday. Read more
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