Westports’ 1QFY20 net profit grew 9.22% year-on-year, on the back of a tariff hike effective March 2019.
Affin Bank’s proposal to lower its fourth-quarter interim dividend to five sen per share from seven sen has been rejected by Bursa Securities.
Gunung Capital has been invited by the promoters of a yet-to-be-issued fully-fledged banking licence in Cambodia to evaluate a proposal to participate.
It confirmed that it is in advanced discussions over the proposal, and noted that it was premature to conclude that a listing in Cambodia is the only way for it to unlock the value of such an investment.
MBSB is proposing a lower final dividend of three sen for the financial year ended Dec 31, 2019, from five sen apiece previously.
Ranhill’s unit Ranhill Water Services Sdn Bhd has bagged two water services contracts totalling RM5.96 million from Bina Darulaman Bhd. The contracts are part of the national non-revenue water programme in Perlis.
TA Enterprise has applied to the Securities Commission to withdraw its voluntary takeover to acquire up to 39.83% of TA Global Bhd.
The decision was made after taking into account the impact of COVID-19 on TA Global for the financial year ending Dec 31, 2020, as well as the temporary suspension of several hotels owned by TA Global in March and April.
Green Packet has launched its KipleLive proptech application as part of its ‘We Are Ready’ campaign, which aims to get Malaysian businesses to embrace new norms to cope with the Covid-19 pandemic.
K-One Technology is venturing into making nasal swabs for COVID-19 tests. It will commence pilot manufacturing on a specific nasal swab design via 3D printing this month;
Rev Asia has decided to terminate its plan to acquire a 60% stake in telco and industrial sector integrated solutions provider Orissa Wicomm Pte Ltd for up to RM12.4mil.
Meanwhile, US markets ended slightly higher overnight led by gains in technology counters as the economy reopens.
Earlier, European stocks advanced as governments begin lifting lockdowns and the Bank of England kept interest rates unchanged.
“Following the positive performances in the US and Europe, the FBM KLCI could remain buoyed above the support level of 1,370 points,” JF Apex said.
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