Latest news with #BCX
Zawya
07-08-2025
- Business
- Zawya
South Africa: Telkom revenue hits $609mln in Q1 on fibre and mobile growth
Telkom has reported revenue of R10.8bn for the quarter ended 30 June 2025, according to its latest trading update published on Tuesday, 5 August. The 1.1% year-on-year increase was driven by growth in mobile and fibre services. The company says its mobile customer base reached 18.1 million, up 6.5% from a year ago, while mobile data subscribers rose by more than a quarter to 17.2 million. Mobile service revenue climbed 7.8%, supported by an 11% increase in mobile data traffic. Openserve, Telkom's wholesale network business, also posted gains. Fibre data revenue increased by over 11%, while the number of homes connected to fibre grew by 17%, lifting the fibre-to-the-home connectivity rate to 51%. Group EBITDA rose by 6.5% to R2.8bn, with the EBITDA margin improving to 25.9%. Telkom attributes the margin improvement to operational efficiencies and a more favourable revenue mix. Group CEO Serame Taukobong said the results reflect the ongoing success of Telkom's data-led strategy. 'We remain focused on delivering results as we build the backbone of South Africa's digital future,' he said. Telkom's IT services subsidiary, BCX, continued to weigh on group performance. Revenue at the unit declined by more than 8%, with EBITDA falling 25% and margin pressure persisting. A turnaround team has been appointed to address the underperformance. Looking ahead, the group says it will remain focused on expanding its connectivity footprint while preserving cash and improving margins across all business segments. All rights reserved. © 2022. Provided by SyndiGate Media Inc. (
The Star
23-07-2025
- Business
- The Star
BCX, UEM Lestra ink energy supply deal
KUALA LUMPUR: Bursa Carbon Exchange (BCX), a wholly owned unit of Bursa Malaysia Bhd , has signed a memorandum of collaboration (MoC) with UEM Lestra Bhd, a wholly-owned unit of UEM Group Bhd, to pilot Malaysia's first Bilateral Energy Supply Contract (BESC) auction under the Corporate Renewable Energy Supply Scheme (CRESS). The BESC auction, set to launch on BCX, will allow corporates to bid for green electricity from UEM Lestra's large-scale hybrid solar photovoltaic projects, based on their respective demand. It is the first auction to be conducted under the CRESS framework, a government initiative aimed at improving corporate access to renewable electricity through third-party access to the national grid in Peninsular Malaysia. Under the collaboration, BCX will provide its auction-as-a-service platform to facilitate an open and competitive bidding process. The auction aims to promote transparent price discovery for solar electricity and enable participating companies or prospective offtakers to enter into BESCs with UEM Lestra. Trading ideas: TNB, Bursa, HI Mobility, KIP REIT, UUE, Pestec, Jati Tinggit, SL Innovation, SC Estate, Majuperak, Oasis, Pavilion REIT
The Sun
22-07-2025
- Business
- The Sun
Bursa Malaysia IPO pipeline healthy, on track to hit 60 new listings target for 2025
KUALA LUMPUR: Bursa Malaysia is on track to achieve its target of 60 initial public offerings by the end of 2025, with 37 companies already listed this year despite ongoing global uncertainties, said CEO Datuk Fad'l Mohamed. He noted that the Malaysian stock exchange continues to serve as a robust platform for capital raising, with sustained interest from both prospective issuers and investors. He said to date, no companies have withdrawn their listing plans, and the IPO pipeline remains healthy. 'As it stands today, we still see companies exploring IPO opportunities on Bursa Malaysia. With 37 listings to date, we are well-positioned to meet our target of 60 IPOs by year-end,' he told reporters after the signing of a memorandum of collaboration (MoC) between Bursa Carbon Exchange (BCX) and UEM Lestra Bhd today. Looking ahead, Fad'l said mid-cap companies are expected to continue leading the listing activity. He added that there are indications that several large IPOs may also materialise. Issuers will need to carefully consider pricing and sizing strategies to align with prevailing market conditions, ensuring that their offerings are well-structured for investor uptake, Fad'l said. Meanwhile, BCX, a wholly owned subsidiary of Bursa Malaysia, entered into a strategic collaboration with UEM Lestra, the energy transition arm of UEM Group Bhd. The partnership will pilot Malaysia's first Bilateral Energy Supply Contract (BESC) auction under the government's Corporate Renewable Energy Supply Scheme (CRESS). This auction will enable buyers to submit competitive bids for green electricity generated from UEM Lestra's large-scale hybrid solar photovoltaic (PV) projects, based on their individual electricity demand. Under the MoC, BCX will offer its Auction-as-a-Service solution to facilitate an open and transparent bidding process for renewable energy, in line with the CRESS framework. The initiative is expected to enhance liquidity on BCX, particularly through the eventual clearing and settlement of renewable energy certificates once the solar projects reach commercial operation. Fad'l emphasised that the success of the pilot auction will depend on securing credible offtakers through a fair and competitive process. He highlighted BCX's role in enabling efficient price discovery and in supporting national efforts to reform the electricity market via market-driven mechanisms. UEM Lestra CEO Harman Faiz Habib Muhammad noted that the auction provides the company with an efficient platform to seek optimal offers for its BESC initiative. He said BCX meets the company's core criteria for a price discovery platform – namely, its credibility, independence, and impartiality, particularly in avoiding competition within the same business space. UEM Lestra is currently developing several large-scale hybrid solar PV projects, including its flagship 1-gigawatt facility in Segamat, Johor. Slated for commissioning in the first quarter of 2028, the project is expected to generate over one million megawatt-hours of clean electricity annually, offsetting nearly 800,000 tonnes of carbon dioxide emissions each year.
New Straits Times
22-07-2025
- Business
- New Straits Times
Investor confidence drives Bursa IPOs amid global volatility
KUALA LUMPUR: Interest from mid and large-cap companies to list on Bursa Malaysia remains robust, with sustained initial public offering (IPO) momentum reflecting investor confidence despite volatility from US tariff measures. Bursa Malaysia chief executive officer Datuk Fad'l Mohamed said the exchange has recorded 37 IPOs so far this year and remains on track to meet its year-end target of 60 listings. "We continue to be a strong fundraising platform, with investors showing sustained interest and participation in our IPOs. "But of course, the pricing and sizing of the issuances will need to be considered," he told reporters after a Memorandum of Collaboration signing between Bursa Carbon Exchange (BCX) and UEM Lestra Bhd. So far, the Main Market has recorded six listings, the ACE Market 28, and the LEAP Market three. Meanwhile, port operator MMC Port Holdings has filed for a listing and is expected to undertake Malaysia's largest IPO in 13 years. Media reports suggest the offering could raise more than RM6 billion. Bursa Malaysia saw 55 company listings last year, a 72 per cent increase from the previous year — the highest in 19 years. According to the exchange, the 55 IPOs in 2024 collectively raised RM7.42 billion, up 107 per cent from the previous year.
New Straits Times
22-07-2025
- Business
- New Straits Times
Bursa Malaysia sees strong IPO momentum, eyes 60 listings
KUALA LUMPUR: Interest from mid and large-cap companies to list on Bursa Malaysia remains robust, with sustained initial public offering (IPO) momentum reflecting investor confidence despite volatility from US tariff measures. Bursa Malaysia chief executive officer Datuk Fad'l Mohamed said the exchange has recorded 37 IPOs so far this year and remains on track to meet its year-end target of 60 listings. "We continue to be a strong fundraising platform, with investors showing sustained interest and participation in our IPOs. "But of course, the pricing and sizing of the issuances will need to be considered," he told reporters after a Memorandum of Collaboration signing between Bursa Carbon Exchange (BCX) and UEM Lestra Bhd. So far, the Main Market has recorded six listings, the ACE Market 28, and the LEAP Market three. Meanwhile, port operator MMC Port Holdings has filed for a listing and is expected to undertake Malaysia's largest IPO in 13 years. Media reports suggest the offering could raise more than RM6 billion. Bursa Malaysia saw 55 company listings last year, a 72 per cent increase from the previous year — the highest in 19 years. According to the exchange, the 55 IPOs in 2024 collectively raised RM7.42 billion, up 107 per cent from the previous year. -- BERNAMA
