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KUALA LUMPUR: Scientex Bhd posted a record high net profit of RM390.11mil in the financial year ended July 31,2020 underpinned by strong growth in its packaging manufacturing and property development segments.
KUALA LUMPUR: MIDF Research is revising higher its earnings estimates for Daibochi Bhd as it takes into account the resilient demand for flexible plastic packaging from the group's customers coupled with the expected increase in production capacity.
PETALING JAYA: Scientex Bhd will be able to maintain its gross profit margins as the group operates on a cost pass-through business model for most of its large clients
PETALING JAYA: Oriental Holdings Bhd (OHB) is expected to net a gain of RM27mil from the proposed disposal of its entire stake in dormant company Oriental Industries (Wuxi) Co Ltd (OIW) in China.
MELAKA: Daibochi Bhd posted its highest-ever net profit of RM47.7mil for the financial year ended July 31,2020 (FY20) on the back of RM619.3mil in revenue.
KUALA LUMPUR: Daibochi Bhd posted its highest-ever net profit of RM47.7mil in its financial year ended July 31, 2020, on the back of revenue of RM619.3mil owing to resilient demand for flexible plastic packaging (FPP) in the food and beverage and fast-moving-consumer-goods sectors.
KUALA LUMPUR: AmInvestment Bank Research has started coverage on Scientex with a Buy call and a fair value of RM10.74 based on sum-of-parts (SOP) valuation.
KUALA LUMPUR: The unemployment rate in Malaysia is expected to ease further to 4.5 per cent by year-end, according to United Overseas Bank (M) Bhd.
LISBON: By this time of year, Ilene Steele, 63, would usually have several trips behind her: one to visit family in the United States, a holiday in Italy, and a few day excursions in London, where she lives with her retired therapist husband Mike.