Latest news with #BintuluPortHoldingsBhd
Barnama
17-07-2025
- Business
- Barnama
Bintulu Port's Unit Reaffirms Commitment To Bolstering Offshore Energy Operations
REGION - SARAWAK > NEWS KUCHING, July 17 (Bernama) -- Bintulu Port Holdings Bhd's subsidiary Borneo Oil and Gas Supply Base Sdn Bhd (BOGSB) has reaffirmed its commitment to strengthening offshore energy operations through strategic infrastructure and integrated services. This commitment is underscored by its participation in the International Energy Week (IEW) 2025, held from Tuesday to today at the Borneo Convention Centre Kuching (BCCK) here, the company said in a statement. 'The event provided a platform for meaningful discussions with industry stakeholders, fostering potential collaborations to drive Sarawak's energy sector forward. bootstrap slideshow 'As Sarawak's only dedicated supply base, BOGSB showcased its capabilities in supporting offshore logistics and energy operations while receiving high-level recognition from state leaders,' it said. Bintulu Port said that BOGSB's participation emphasised its commitment to enhancing offshore energy operations through purpose-built infrastructure, marine connectivity, and integrated support services. It said the event was marked by a visit from Sarawak Premier Tan Sri Abang Johari Tun Openg, highlighting the state government's strong support for the company's strategic role in energy infrastructure development. Also present during the visit were Sarawak state secretary Datuk Mohamad Abu Bakar Marzuki and BOGSB's board of directors. 'As Sarawak's premier supply base, we are not just building infrastructure but also forging partnerships that will shape the future of energy in the region and beyond. 'With strong government endorsement and industry engagement, BOGSB's presence at IEW 2025 underscores its leadership in transforming offshore logistics and supporting Sarawak's growing role in the global energy landscape,' it said.
BusinessToday
23-06-2025
- Business
- BusinessToday
Nestlé, Banks Buck The Trend Despite Losers Outweigh The Gainers
The market sentiment remained cautious, with more than twice as many losers as gainers, with 697 decliners outpacing 274 gainers, while 490 counters remained unchanged. Trading volume stood at 3.09 billion shares, with a total value of RM1.91 billion, reflecting tepid investor appetite amid ongoing global economic uncertainties. Nestlé (M) Bhd led the top gainers list, surging RM3.88 to RM76.40, followed while Bintulu Port Holdings Bhd rose 26 sen to RM5.46. Banking counters also supported the market, with Public Bank Bhd gaining 21 sen to RM4.42 and CIMB Group Holdings Bhd climbing 15 sen to RM6.80, buoyed by expectations of steady earnings amid a resilient domestic economy. Petron Malaysia Refining & Marketing Bhd added 15 sen to RM3.88, rounding out the top five gainers. On the flip side, tech and consumer-related stocks led the losses. Malaysian Pacific Industries Bhd fell 72 sen to RM19.78, followed by Carlsberg Brewery Malaysia Bhd, which declined 50 sen to RM19.16, and Hong Leong Financial Group Bhd, down 40 sen to RM16.18. Bursa Malaysia Bhd, the operator of the local exchange, dropped 31 sen to RM7.69, while Fraser & Neave Holdings Bhd slipped 20 sen to RM28.68. Analysts noted the cautious tone across markets as investors weigh inflation concerns, central bank policies and regional economic data. With no major domestic catalysts in sight, market participants are likely to remain selective, focusing on defensive plays and dividend-yielding stocks in the near term. Related
Borneo Post
04-06-2025
- Business
- Borneo Post
Bintulu Port's 1QFY25 CNP falls 37 per cent y-o-y, disappoints analyst expectations
Analysts guide that Bintulu Port's negative variance was largely due to weaker-than-expected LNG cargo volume due to technical difficulties at the MLNG complex. KUCHING (June 4): Bintulu Port Holdings Bhd's (Bintulu Port) first quarter of financial year 2025 (1QFY25) core net profit (CNP) has fallen by 37 per cent year on year (y-o-y) to RM28.4 million, disappointing analyst expectations. In a results note, the research arm of Kenanga Investment Bank Bhd (Kenanga Research) reported that the group's 1QFY25 results were below expectations as it met only 19 per cent and 18 per cent of theirs and consensus' full-year estimates. They guided that the negative variance was largely due to weaker-than-expected LNG cargo volume due to technical difficulties at the MLNG complex. 'Note that, there was a scheduled major maintenance plant shutdown from April 30 to May 29 at the Petronas MLNG complex which we expect to have severely impacted its 2QFY25 performance,' said the research arm. The technical difficulties caused the group's Bintulu Port to see a two per cent y-o-y drop in revenue while its Samalaju Industrial Port fell by 9 per cent drop due to weaker cargo volume from key customers like Press Metal Holdings Bhd (PMetal) and OMH Ltd (OMH). Its LNG cargo volume was 3.4 per cent y-o-y weaker while its non-LNG grew at a flattish 0.5 per cent as aluminium exports shifted from containers to bulk shipments as well as weaker gateways cargoes from heavy industries in Samalaju Industrial Park due to high ocean freight rates caused by the red sea crisis. Overall, the group's 1QFY25 revenue fell three per cent y-o-y while its CNP fell at a wider 37 per cent as it was exacerbated by a higher effective tax rate of 38.3 per cent compared to 22.7 per cent a year ago. Kenanga Research added that Bintulu Port's declared interim NDPS of 3 sen was also below expectations as it was lower than the 4 sen declared back in 1QFY24. Despite the missed expectations, Kenanga Research believed that the LNG cargo throughput at Bintulu Port will remains table with sustained demand from Japan and South Korea, and stronger demand from China thanks to trade diversion. 'Meanwhile, there has been a pick-up in inbound and outbound cargo volumes at Samalaju Industrial Port from its key customers, such as Press Metal and OM Holdings,' they added. To reflect new lower adjusted forecasts, Kenanga Research maintained their 'market perform' call on the port operator with a lowered sum-of-parts derived target price of RM5.15 which is based on a weighted average cost of capital of 5.5 per cent and terminal growth rate of two per cent. Bintulu Port Holdings Bhd
New Straits Times
21-04-2025
- Business
- New Straits Times
BPHB on course to make Bintulu, Samalaju Industrial Ports CCS-enabled hubs
KUCHING: Bintulu Port Holdings Bhd (BPHB) is advancing the establishment of a carbon capture and storage (CCS) infrastructure at Bintulu Port and Samalaju Industrial Port as part of its long-term sustainability strategy. BPHB said these CCS-enabled port hubs will be integral to Malaysia's decarbonisation roadmap, positioning BPHB as a key enabler in regional carbon management and sustainable energy logistics. "BPHB remains steadfast in delivering strategic value across its core business pillars -- enhancing infrastructure, accelerating digital transformation and solidifying its role as a progressive enabler in carbon management and sustainable energy solutions," it said in a statement today. BPHB is also moving forward with initiatives to operationalise free zone areas at both ports to unlock new investment opportunities and enhance trade facilitation. "Upgrades to the Bintulu International Container Terminal are also underway to align with international standards in efficiency, agility and sustainability," said the statement issued to coincide with the company's 29th annual general meeting (AGM). BPHB said the Borneo Oil and Gas Supply Base project remains a cornerstone of the group's ambition to position Sarawak as a regional hub for offshore energy logistics and support Malaysia's energy ecosystem with integrated, future-ready logistics solutions. At the AGM, BPHB declared a dividend of RM69.0 million (15 sen per share), which it said was a balanced capital management approach that provides shareholder returns while supporting reinvestment for future growth. The shareholders were also told at the meeting that for last year, BPHB had achieved several all-time high operational milestones, with its total group revenue rising by 8.13 per cent to RM888.47 million, reflecting its robust performance and disciplined operational management. The achievements last year included a total cargo throughput of 51.94 million tonnes, setting a new performance benchmark, and vessel traffic reaching a record 8,026 calls, further reinforcing Bintulu Port's position as a critical maritime logistics hub in the region. "These results highlight BPHB's ability to navigate dynamic operating conditions while delivering tangible value through operational excellence and strategic focus," the statement added.
Barnama
21-04-2025
- Business
- Barnama
BPHB On Course To Make Bintulu, Samalaju Industrial Ports CCS-enabled Hubs
REGION - SARAWAK > NEWS KUCHING, April 21 (Bernama) -- Bintulu Port Holdings Bhd (BPHB) is advancing the establishment of a carbon capture and storage (CCS) infrastructure at Bintulu Port and Samalaju Industrial Port as part of its long-term sustainability strategy. BPHB said these CCS-enabled port hubs will be integral to Malaysia's decarbonisation roadmap, positioning BPHB as a key enabler in regional carbon management and sustainable energy logistics. 'BPHB remains steadfast in delivering strategic value across its core business pillars -- enhancing infrastructure, accelerating digital transformation and solidifying its role as a progressive enabler in carbon management and sustainable energy solutions,' it said in a statement today. bootstrap slideshow BPHB is also moving forward with initiatives to operationalise free zone areas at both ports to unlock new investment opportunities and enhance trade facilitation. 'Upgrades to the Bintulu International Container Terminal are also underway to align with international standards in efficiency, agility and sustainability,' said the statement issued to coincide with the company's 29th annual general meeting (AGM). BPHB said the Borneo Oil and Gas Supply Base project remains a cornerstone of the group's ambition to position Sarawak as a regional hub for offshore energy logistics and support Malaysia's energy ecosystem with integrated, future-ready logistics solutions. At the AGM, BPHB declared a dividend of RM69.0 million (15 sen per share), which it said was a balanced capital management approach that provides shareholder returns while supporting reinvestment for future growth. The shareholders were also told at the meeting that for last year, BPHB had achieved several all-time high operational milestones, with its total group revenue rising by 8.13 per cent to RM888.47 million, reflecting its robust performance and disciplined operational management. The achievements last year included a total cargo throughput of 51.94 million tonnes, setting a new performance benchmark, and vessel traffic reaching a record 8,026 calls, further reinforcing Bintulu Port's position as a critical maritime logistics hub in the region.
