Trading ideas: Aneka, Fibromat, Aemulus, Bintai, BTM, LBS, Velesto, PJBumi, Dialog, 99 Speed, Samchem, Keyfield, Swift, PBA
Aneka Jaringan Holdings Bhd secured a RM50.5mn contract through its wholly owned subsidiary Aneka Jaringan Sdn Bhd from Clement Chan Architect for Kuala Lumpur Metro Property Sdn Bhd.
Fibromat (M) Bhd secured a RM283.5mn contract from Casa Hartamas Sdn Bhd via its unit, MTS Fibromat (M) Sdn Bhd, for design and installation works under the Central Spine Road Package 2 and Section 2A in Kelantan.
Aemulus Holdings Bhd , via its wholly-owned unit Aemulus Corporation Sdn Bhd, has secured US$1.1mil (RM4.7mn) in new orders from a new customer in Malaysia's automotive industry.
Bintai Kinden Corp Bhd announced that Tenaga Nasional Bhd has reinstated three contracts that were terminated two years ago.
United Overseas Bank (Malaysia) Bhd has partnered with Bursa Malaysia to help SMEs adopt sustainable practices through its Sustainability Accelerator Programme 2.0.
BTM Resources Bhd has cancelled its proposed 10MW biomass power plant after its financing facilities were withdrawn. It is also considering shelving a second 7MW biomass plant.
LBS Bina Group Bhd has entered into a MoU with Oriental Holdings Bhd to collaborate on a mixed-use industrial development in Klebang, Melaka that carries an estimated gross development value of over RM7bn.
Velesto Energy Bhd was honoured for best recordable incident rate and recordable incident-free operations at the IADC South East Asia Chapter 2024 Safety Awards in Bangkok.
PJBumi Bhd has entered into a master construction agreement with Intlef Oil and Gas Group Co Ltd for the design, construction, and supply of onshore drilling rigs and related equipment.
Dialog Group Bhd saw its 3QFY25 net profit fall 13.6% YoY to RM135.0mn on weaker performances from its Malaysian and international operations.
99 Speed Mart Retail Holdings Bhd posted a 7.5% rise in net profit to RM143.2mn for 1Q25, from RM133.1mn a year earlier.
Samchem Holdings Bhd saw 1QFY25 net profit decline 34.2% YoY to RM4.0mn, as revenue fell 3.5% to RM287.8mn, mainly due to lower average selling prices.
Keyfield International Bhd reported a lower net profit of RM20.68mn for 1Q25, down from RM30.30mn a year earlier, mainly due to reduced vessel revenue.
Swift Haulage Bhd posted a 65.9% YoY decline in 1QFY25 net profit to RM7.2mn, due to the absence of a one-off disposal gain recorded in the same period last year.
PBA Holdings Bhd posted a 36.1% YoY rise in 1QFY25 net profit to RM19.5mn, supported by higher tariffs implemented since February 2024.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
New Straits Times
an hour ago
- New Straits Times
Australia's NAB flags US$85mil cost increase as staff underpaid
KUALA LUMPUR: National Australia Bank warned its full-year expenses would be up to A$130 million (US$84.7 million) higher after it discovered it had underpaid some of its staff, as it reported a slight increase in third-quarter earnings. NAB, Australia's top business lender, said a review of its payroll systems and remediation was ongoing and the final costs that could be incurred were uncertain. The A$130 million set aside would increase the bank's full-year operating expenses by about 4.5 per cent, NAB said. NAB said the issues were discovered during a payroll review that began in 2019 and it had started a broader review into examining payroll-related benefits given to staff under current and certain historical agreements. NAB did not say how many staff were affected or the value of the discrepancies discovered. "Paying our colleagues correctly is an absolute priority," said Sarah White, NAB's group executive people and culture. NAB chief executive Andrew Irvine said the issue was "disappointing and must be fixed." NAB said it was engaging with unions and the Fair Work Ombudsman while the issue was investigated. The bank reported A$1.77 billion (US$1.15 billion) cash earnings for the three months ended June 30, compared with A$1.75 billion a year ago. The Reserve Bank of Australia has cut interest rates by 75 basis points so far this year and signalled further easing ahead. The lower interest rate environment has aided higher lending volumes and improved asset quality. NAB said business lending grew 4 per cent and Australian home lending grew 2 per cent during the quarter compared with the quarterly average of the first half. Its net interest margin - a closely watched measure of bank performance which compares interest payments received on loans minus interest paid out to deposit holders - increased by 8 basis points. NAB shares rose by 2 per cent to A$39.97 as the ASX200 was flat. The bank's growing net interest margins and lower short-term funding costs was positive for NAB. Excluding Markets and Treasury, NIM rose 4 basis points, mainly due to higher earnings on replicating portfolios and lower short-term funding costs. NAB said the ratio of default but not impaired assets to gross loans rose 2 basis points, as Australian mortgage book arrears flattened and ratio trends in the Business and Private Banking segment showed early signs of stabilising. The lender also booked a credit impairment charge of A$254 million in the quarter, mainly related to business lending in Australia and New Zealand and unsecured Australian retail portfolios.
Focus Malaysia
an hour ago
- Focus Malaysia
Foreign fund outflows on Bursa stretches to 6th straight weeks but net selling halved to RM566m
FOREIGN investors extended their net selling streak in Bursa Malaysia to six consecutive weeks with a net outflow of -RM566.1 mil for the Aug 11-15 trading week, marking a 50.0% reduction from the previous week's outflow of -RM1.14 bil. They were net sellers on every trading session with outflows ranging from -RM94.0 mil to -RM167.4 mil, according to MBSB Research (previously MIDF Research). 'The largest outflow was recorded on Friday (Aug 15), followed by Thursday (Aug 14) with -RM103.5 mil, -RM101.5 mil (Tuesday, Aug 12) and -RM99.8 mil (Monday, Aug 11) while Wednesday (Aug 13) recorded the smallest outflow,' observed the research house. The top three sectors that recorded net foreign inflows last week were plantation (RM77.7 mil), property (RM52.7 mil) and financial services (RM42.2 mil). The top three sectors that recorded the highest net foreign outflows were utilities (-RM209.5 mil), telecommunication & media (-RM185.5 mil) and healthcare (-RM152.7 mil). On the contrary, local institutions extended their net buying streak to three weeks in a row with purchases of RM760.5 mil. However, local retailers turned net sellers to end their five-week consecutive streak of purchases with a net outflow of -RM194.4 mil. The average daily trading volume (ADTV) experienced a broad-based increase last week with the exception of local retailers. Foreign investors and local institutions recorded an increase of +1.50% and +8.90% respectively but local retailers saw a decline of -3.0%. In comparison with another four Southeast Asian markets tracked by MIDF Research, Indonesia posted net buying activities for the second straight week with an inflow of US$412.3 mil which was significantly higher than the previous week's inflow of US$7.50 mil. Elsewhere, the Philippines recorded a modest inflow of US$21.5 mil to reverse a two-week streak of foreign withdrawals but incurred foreign withdrawals amounting to -US$240.2 mil to end its five successive weeks of net inflows. Vietnam's net flow data was not available at the time of writing The top three stocks with the highest net money inflow from foreign investors last week were Malayan Banking Bhd (RM239.2 mil), SD Guthrie Bhd (RM71.0 mil) and Westports Holdings Bhd (RM42.5 mil). – Aug 18, 2025
Barnama
an hour ago
- Barnama
Foreign Investors Net Bought US$389.4 Mln Of Asian Equities Last Week
BUSINESS KUALA LUMPUR, Aug 18 (Bernama) -- Foreign investors continued to net buy Asian stocks for the second consecutive week, recording a net inflow of US$389.4 million, according to MBSB Investment Bank Bhd. In its Fund Flow Report for the week ended Aug 15, 2025, it reported that only India and Thailand registered net foreign outflows, while all other countries saw net inflows. South Korea recorded the largest inflow at US$587.5 million after President Lee Jae Myung and the United States (US) President Donald Trump announced their first summit meeting on Aug 25 in Washington to discuss strengthening alliances and economic security partnership. "Based on the tariff deal reached last month, the two leaders will advance partnership in the manufacturing sector, including in semiconductors, batteries and shipbuilding, as well as critical minerals and technology,' it said. Leaders of South Korea and Vietnam also pledged to deepen economic cooperation. Indonesia also posted net buying activities for the second straight week with a US$412.3 million inflow after signing a free trade agreement with Peru on Monday in Jakarta. Similarly, Taiwan posted a net inflow of US$90.4 million, marking an eighth consecutive week and the longest foreign buying streak since the start of available data in 2021. In contrast, India recorded the region's largest outflow at -US$347.8 million, extending its losing streak to five weeks for the first time since March 2025. Nonetheless, despite the foreign withdrawals, S&P Global Ratings upgraded India's long-term sovereign credit rating to 'BBB' from 'BBB-', the first upgrade in 18 years, citing strong economic growth, improved monetary policy credibility and sustained fiscal consolidation.
