Latest news with #AxiataGroupBhd
The Star
28-06-2025
- Business
- The Star
Positive re-rating potential seen as Axiata unlocks value
Axiata remains a closely watched stock because of its status as a key government-linked company under Khazanah. FOLLOWING a period of uninspiring share price performance, Axiata Group Bhd is beginning to draw renewed investor interest, with its shares up about 10.5% since early June. The rebound comes as the market responds positively to the group's efforts to unlock value, according to Hong Leong Investment Bank (HLIB) Research. Billed as RM9.73 for the 1st month then RM13.90 thereafters. RM12.33/month RM8.63/month Billed as RM103.60 for the 1st year then RM148 thereafters. Free Trial For new subscribers only
The Star
16-06-2025
- Business
- The Star
Trading ideas: Axiata, Dialog, Kretam, KJTS, UUE, NuEnergy, Rex, Ping Edge, IOI, Cuckoo
KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia. Axiata Group Bhd has completed the sale of its Myanmar tower operations for a revised US$90.0mn (RM380.4mn), down from the originally proposed US$15.0mn. Dialog Group Bhd has won a 14-year production-sharing contract from Petronas for the development of the Mutiara Cluster field in Sabah. A consortium led by DCAH Holdings and individuals Chiong Kiau and Chiong Hang Leong has acquired a 10% stake in Kretam Holdings Bhd for about RM162.0mn, becoming its second-largest shareholder. KJTS Group Berhad had entered into a Memorandum of Understanding with Shenzhen Envicool Technology Co., Ltd. on 13 June 2025 to jointly pursue data centre infrastructure projects, with a focus on innovative, energy-efficient cooling solutions in ASEAN. UUE Holdings Bhd has secured 3 new contracts worth RM83.4mn from Sutera Utama Sdn Bhd. NuEnergy Holdings Berhad had accepted offers for the disposal of 20,625,000 ordinary shares on 13 June 2025, representing 10.14% equity interest in Hengyang Petrochemical Logistics Limited via married deal through Singapore Exchange, for a total cash consideration of SGD3.3mn. Rex Industry Bhd has received a mandatory takeover offer at 10.0sen/share from new major shareholder ETA Industries Sdn Bhd, after the latter acquired a 40.6% stake for RM26.8mn, or 10.0sen/piece. Ping Edge Technology Bhd , a commercial kitchen equipment supplier, closed 52.2% or 12.0sen higher at its trading debut on Bursa Malaysia's LEAP Market on Friday. IOI Corporation Bhd said former Bursa Malaysia Bhd chairman Tan Sri Abdul Wahid Omar will join its board as a senior independent and non-executive director on June 16, 2025. Cuckoo International Bhd, which is slated to debut on the Main Market of Bursa Malaysia on 24 June 2025, saw modest demand from the Malaysian public for its initial public offering, with an overall oversubscription rate of less than 1.5 times.
The Star
28-05-2025
- Business
- The Star
Axiata's 1Q net profit leaps to RM159.84mil
KUALA LUMPUR: Now in the second year of its 5*5 strategy, Axiata Group Bhd realised robust bottomline growth in the first quarter of 2025, underpinned by lower depreciation and amortisation, forex gains, lower net finance costs and a higher share of results from CelcomDigi. In the quarter under review, the telco group reported a net profit of RM159.84mil, more than double the net profit of RM60.03mil in the year-ago quarter, bringing its earnings per share to 1.7 sen from 0.7 sen previously. This was despite an 11.3% lower revenue of RM5.09bil, down from RM5.74bil in 1QFY24, due to forex translation, notably from the depreciation of the Indonesian rupiah and Bangladeshi taka. According to the group, there was substantial progress in 1QFY25 towards its strategic long-term and medium-term portfolio ambitions, driven by a sharper portfolio mindset. "The group's operational start to the new financial year clearly demonstrates our commitment to creating value from our portfolio of businesses. This quarter's performance highlights Axiata's ability to adapt, integrate and grow in a dynamic regional landscape, even amidst macroeconomic volatility," said chairman Tan Sri Shahril Ridza Ridzuan. Group CEO and managing director Vivek Sood said the group has taken steps to reposition towards its long and medium-term portfolio objectives. "We are confident that our strategic framework, focused on strengthening connectivity and convergence businesses while streamlining our portfolio for value creation and monetisation, will enable us to capitalise on significant market opportunities."
Malaysiakini
28-05-2025
- Business
- Malaysiakini
Axiata's 1Q net profit more than doubles to RM159m
Axiata Group Bhd's net profit jumped to RM159.8 million in the first quarter ended March 31, 2025 (1Q 2025) from RM60.03 million in the same period last year. The increase was driven by foreign exchange gains, lower depreciation and amortisation, and higher contributions from CelcomDigi. In a filing with Bursa Malaysia, Axiata reported that...
The Star
07-05-2025
- Business
- The Star
Boost Bank achieves close to RM150mil in SME loans
Boost Bank CEO Fozia Amanulla. PETALING JAYA: Boost Bank, the fintech arm of Axiata Group Bhd and RHB Banking Group, has disbursed close to RM150mil in financing to small and medium enterprises (SMEs) since its launch last June. The country's first homegrown digital bank said in a statement that the achievement reaffirmed its strong support for driving financial inclusion and empowering underserved small businesses. 'With typical loan sizes around RM300,000, this momentum is driven by Boost Bank's core financing solutions, term loan and revolving credit facilities, which are designed to meet the diverse needs of SMEs with minimal documentation requirements, fast loan processing, and flexible repayment options. 'Hundreds of SMEs have benefited from these solutions, including businesses from the wholesale sector, manufacturing, retail, construction, food and beverage, and more to meet day-to-day needs, manage cash flows, and expand with fewer hurdles and more flexibility,' the bank said. Boost Bank chief executive officer Fozia Amanulla noted that SMEs were at the heart of Malaysia's economy. 'They create jobs, spark innovation, and keep our communities vibrant.' Trading ideas: Capital A, FGV, Malakoff, LFE, Hektar REIT, Favelle Favco, Life Water, Ivory, Masteel, Ygl, Jetson, Hartalega, Heineken, UOA REIT, Dufu
