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Malaysian Rating Corporation (MARC) has assigned a stable outlook for Serba Dinamik Bhd’s RM1.5bil Islamic debt papers due to the latter’s sizeable operations and maintenance (O&M) order book and also it established track record.
OCBC Bank (Malaysia) Bhd (OCBC Bank) and MFP Solar Sdn Bhd have concluded an agreement for the setting up of a RM100mil facility to finance the development of multiple rooftop solar photovoltaic plants.
KUALA LUMPUR: Tenaga Nasional Bhd (TNB) must have the necessary financial strength to continue undertaking huge capital expenditure (capex) investments to expand the system for growth and development while maintaining stability in the country’s electricity supply.
AmInvestment Research maintained its our hold recommendation on Inari Amertron with unchanged forecasts and fair value of RM3.13 a share, pegged to a CY22F PE of 28 times after reflecting its four-star ESG rating on the group.
PETALING JAYA: Nestle (M) Bhd’s capital expenditure (capex) of RM300mil for 2021 is set to be a new high for the food and beverage (F&B) company, as it plans to ramp up its production capabilities to meet export demand.
KUALA LUMPUR: Fraser & Neave Holdings Bhd could continue to see an earnings recovery in the second half of the its financial year despite the prospect of a third wave of the pandemic and ongoing travel restrictions, says Kenanga Research.
KUALA LUMPUR: Mi Technovation Bhd is confident of maintaining its profit after tax margin of over 20% of for the full financial year ending Dec 31 (FY21).
KUALA LUMPUR: Westports Holdings Bhd is experiencing a pick up in gateway volume in line with the reopening of global economies.
PETALING JAYA: Semiconductor manufacturer Unisem (M) Bhd had a strong start for the first quarter ended March 31,2021 (Q1FY21) on higher sales and better margins.