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KUALA LUMPUR: Late selling of Public Bank and Maybank pushed the FBM KLCI deeper into the red on Friday but Top Glove and Hartalega helped reduce the losses.
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.
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.
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
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: UOB Kay Hian Malaysia Research has cuts is FBM KLCI earnings forecast by 3.4% due to the poor 2Q20 results season but raised its 2021 forecast by 5.5% to largely account for further upgrades of glove makers.
PASIR GUDANG: The National Month is much anticipated by housewife Juriah Abdullah as she gets to show her love for the country through her passion for home decor.
JOHOR BARU: Police have seized the motorcycles of six teenagers and handed them summonses for performing dangerous stunts on the road in Taman Scientex, Pasir Gudang here.