Latest news with #Bursa
Business Times
a day ago
- Business
- Business Times
Stocks to watch: Grand Venture, Tung Lok, DFI, Olam, Stamford Land, Boustead, Wee Hur, OKP
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Monday (Jun 2). Grand Venture Technology : The semiconductor company on Sunday said it had paused its proposed secondary listing on Malaysia's Bursa exchange in view of confidential talks with a third party in relation to a possible transaction which could lead to an offer for its shares. While discussions are ongoing there is no certainty that any transaction will take place, it added. The counter ended Friday 2.4 per cent or S$0.02 higher at S$0.84, before the announcement. Tung Lok Restaurants: The group posted a net profit of S$853,000 for its second half ended March, a 52.1 per cent decline from S$1.8 million in the year-ago period. For its full year, it sank into the red with a net loss of S$1.8 million, as compared to a S$2 million net profit previously. The losses came amid F&B industry woes as the group said it faced headwinds from a subdued economic outlook and softer consumer sentiment. The counter ended Friday unchanged S$0.085 before the announcement. DFI : The company said on Friday it has divested 22.2 per cent, or about 315.3 million shares in Robinsons Retail for an undisclosed sum. DFI became a significant minority shareholder in Robinsons Retail in 2018 through a share-for-share swap transaction involving Rustan Supercenters, an operator of food retail formats and supermarkets in the Philippines. Shares of DFI closed at US$2.76, up US$0.08 or 3 per cent on Friday, before the announcement. Olam : The agribusiness giant has secured a US$1.85 billion loan for general corporate purposes, said the company on Friday via a bourse filing. The loan, which was taken by Olam Agri – the company's food, feed and fibre operating group – has a three-year tenor and will be disbursed in two tranches. Shares of Olam closed 1.1 per cent, or S$0.01 higher at S$0.90 on Friday. Stamford Land : The property company on Friday reported a 14.2 per cent fall in net profit to S$17.6 million for its second half ended March, from S$20.6 million in the year-ago period. This came amid a 6.5 per cent decline in revenue, which came in at S$78.3 million as compared to S$83.8 million previously. Earnings per share stood at S$0.0119, down from S$0.0138. For the full year ended Mar 31, profit rose to S$32.8 million from S$5.9 million due to the absence of a fair value loss of S$81.5 million on investment property in the year ago period. The counter ended Friday flat at S$0.375 before the announcement. Boustead : A joint venture of Boustead Projects' wholly owned subsidiary was awarded a tender by JTC Corporation on Friday to develop an industrial facility on a land parcel under the industrial government land sales programme. The land parcel – known as Tukang Innovation Drive Plot A – spans 18,687 square metres, with a proposed allowable gross floor area of 46,717.5 sq m. Shares of Boustead closed at S$1.11, down S$0.03 or 2.6 per cent on Friday, before the announcement. Wee Hur : The property company has established a S$500 million multi-currency medium term note programme, it said via a bourse filing on Friday. The proceeds raised from notes issued under this programme will be used for the company's general corporate purposes. Shares of Wee Hur closed flat at S$0.42 on Friday. OKP : A unit of mainboard-listed infrastructure and civil engineering company OKP has won a contract worth S$258.3 million from the Land Transport Authority for the construction of new cycling path networks. OKP closed at S$0.725, up S$0.01 or 1.4 per cent on Friday, before the announcement.
Business Times
a day ago
- Business
- Business Times
Stocks to watch: Grand Venture, TungLok, DFI, Olam, Stamford Land, Boustead, Wee Hur, OKP
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Monday (Jun 2). Grand Venture Technology : The semiconductor company on Sunday said it had paused its proposed secondary listing on Malaysia's Bursa exchange in view of confidential talks with a third party in relation to a possible transaction which could lead to an offer for its shares. While discussions are ongoing there is no certainty that any transaction will take place, it added. The counter ended Friday 2.4 per cent or S$0.02 higher at S$0.84, before the announcement. Tung Lok Restaurants: The group posted a net profit of S$853,000 for its second half ended March, a 52.1 per cent decline from S$1.8 million in the year-ago period. For its full year, it sank into the red with a net loss of S$1.8 million, as compared to a S$2 million net profit previously. The losses came amid F&B industry woes as the group said it faced headwinds from a subdued economic outlook and softer consumer sentiment. The counter ended Friday unchanged S$0.085 before the announcement. DFI : The company said on Friday it has divested 22.2 per cent, or about 315.3 million shares in Robinsons Retail for an undisclosed sum. DFI became a significant minority shareholder in Robinsons Retail in 2018 through a share-for-share swap transaction involving Rustan Supercenters, an operator of food retail formats and supermarkets in the Philippines. Shares of DFI closed at US$2.76, up US$0.08 or 3 per cent on Friday, before the announcement. Olam : The agribusiness giant has secured a US$1.85 billion loan for general corporate purposes, said the company on Friday via a bourse filing. The loan, which was taken by Olam Agri – the company's food, feed and fibre operating group – has a three-year tenor and will be disbursed in two tranches. Shares of Olam closed 1.1 per cent, or S$0.01 higher at S$0.90 on Friday. Stamford Land : The property company on Friday reported a 14.2 per cent fall in net profit to S$17.6 million for its second half ended March, from S$20.6 million in the year-ago period. This came amid a 6.5 per cent decline in revenue, which came in at S$78.3 million as compared to S$83.8 million previously. Earnings per share stood at S$0.0119, down from S$0.0138. For the full year ended Mar 31, profit rose to S$32.8 million from S$5.9 million due to the absence of a fair value loss of S$81.5 million on investment property in the year ago period. The counter ended Friday flat at S$0.375 before the announcement. Boustead : A joint venture of Boustead Projects' wholly owned subsidiary was awarded a tender by JTC Corporation on Friday to develop an industrial facility on a land parcel under the industrial government land sales programme. The land parcel – known as Tukang Innovation Drive Plot A – spans 18,687 square metres, with a proposed allowable gross floor area of 46,717.5 sq m. Shares of Boustead closed at S$1.11, down S$0.03 or 2.6 per cent on Friday, before the announcement. Wee Hur : The property company has established a S$500 million multi-currency medium term note programme, it said via a bourse filing on Friday. The proceeds raised from notes issued under this programme will be used for the company's general corporate purposes. Shares of Wee Hur closed flat at S$0.42 on Friday. OKP : A unit of mainboard-listed infrastructure and civil engineering company OKP has won a contract worth S$258.3 million from the Land Transport Authority for the construction of new cycling path networks. OKP closed at S$0.725, up S$0.01 or 1.4 per cent on Friday, before the announcement.
Barnama
7 days ago
- Business
- Barnama
Bursa Malaysia Opens Easier On Lack Of Market-Moving News
At 9.15 am, the FTSE Bursa Malaysia KLCI (FBM KLCI) fell 1.59 points to 1,532.71 from Monday's close of 1,534.30. KUALA LUMPUR, May 27 (Bernama) -- Bursa Malaysia traded easier during early morning trade, dampened by a lack of market-moving news as traders awaited more clarity from the Trump administration on tariffs, analysts said. In the broader market, gainers led decliners 171 to 146, with 257 counters unchanged, 1,821 untraded and 17 suspended. It noted that Wall Street was closed on Monday in conjunction with Memorial Day, but the US equity futures advanced as investors reacted positively to President Trump's tariff deadline extension on the European Union. 'Besides, given rising geopolitical tension, and amid uncertainty surrounding the Trump administration's stance on tariff, we expect the market to adopt a defensive stance, and the momentum in real estate investment trusts may persist,' it said. Malacca Securities Sdn Bhd in a note today said the market may face further weakness amid continued foreign fund outflows. Meanwhile, Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said traders were also concerned that a prolonged price war amongst the electric vehicles players to clear inventory will see extended margin compression. Back home, the FBM KLCI closed marginally lower on Monday as foreign selling is suspected to remain prevalent. 'These short term trades by foreign funds would certainly lengthen the consolidation of the benchmark index. For today, we expect the index to trend between the 1,535-1545 range,' he told Bernama. Among heavyweight stocks, Maybank fell four sen to RM9.88, while Public Bank dropped three sen to RM4.38, Tenaga and IHH Healthcare slid two sen each to RM13.98 and RM6.89 respectively, and CIMB shed one sen to RM6.95. Among active stocks, NexG bagged one sen to 37.5 sen, MYEG gained 1.5 sen to 91 sen, OCR Group and Velesto were flat at RM3.5 sen and 17 sen respectively, while Armada eased one sen to 47.5 sen. On the index board, the FBM Emas Index lost 5.55 points to 11,450.14, the FBMT 100 Index fell 6.59 points to 11,212.12, and the FBM ACE Index was down 8.20 points to 4,589.87. The FBM Emas Shariah Index increased 0.14 of a point to 11,390.13, and the FBM 70 Index added 10.58 points to 16,313.94. Across the sectors, the Financial Services Index was 23.92 points higher at 18,147.16, the Industrial Products and Services Index inched down 0.02 of a point to 153.72, the Energy Index eased 1.34 points to 704.57, and the Plantation Index inched up 0.65 of a point to 7,336.02. -- BERNAMA BERNAMA provides up-to-date authentic and comprehensive news and information which are disseminated via BERNAMA Wires; BERNAMA TV on Astro 502, unifi TV 631 and MYTV 121 channels and BERNAMA Radio on FM93.9 (Klang Valley), FM107.5 (Johor Bahru), FM107.9 (Kota Kinabalu) and FM100.9 (Kuching) frequencies. Follow us on social media : Facebook : @bernamaofficial, @bernamatv, @bernamaradio Twitter : @ @BernamaTV, @bernamaradio Instagram : @bernamaofficial, @bernamatvofficial, @bernamaradioofficial TikTok : @bernamaofficial
Mail & Guardian
26-05-2025
- Science
- Mail & Guardian
Red alert for South Africa's birds: 147 bird species threatened in South Africa, Lesotho & Eswatin
A griffon vulture flies over the sky after released into nature after taken care of Celal Acar Wildlife Rescue and Rehabilitation Center at Uludag National Park in Bursa, Turkiye on January 04, 2024. The griffon vulture, which was in danger of extinction and was found injured and exhausted, was released into its natural habitat after treatment. (Photo by Semih Sahin/Anadolu via Getty Images) There are 147 bird species categorised as threatened or near-threatened in South Africa, Lesotho and Eswatini, according to the revised The figure is up from 132 species from the previous data book of birds of the region published in 2015. Most notably, 39 species were uplisted, indicating a worsening in their conservation status, while only eight species have been downlisted, reflecting positive conservation outcomes. 'In short, the consequences of human activities can be seen on the region's bird populations, with a wide range of threats ranging from loss of habitat to deliberate persecution,' said the non-profit avian conservation organisation. The RDB-online, marks a 'pivotal moment' for regional bird conservation as it offers a comprehensive, freely accessible online resource revealing the conservation status of the region's birds. Over three years, more than 137 ornithologists, conservationists and citizen scientists collaborated on 193 detailed reports to quantify the risk of extinction for the region's birds. This extends to an additional 70 endemic and near-endemic species still considered to be at a lower risk of extinction, such as the Cape sugarbird and orange-breasted sunbird. The RDB-online provides insights into the conservation threats faced by the region's birds, as well as the effect of counter-measures put in place to protect them. 'The findings are alarming, yet hopeful, and provide crucial insights into threats and clear pathways for conservation action,' said BirdLife South Africa. Iconic birds like the lappet-faced vulture, which has been severely affected by Habitat loss and changes in agricultural practices have Conversely, dedicated conservation efforts have enabled species like the Cape vulture, wattled crane and southern bald ibis to improve, 'demonstrating the powerful impact of targeted interventions and dedicated conservation work'. The Red Data Book is more than just a conservation resource, said BirdLife South Africa chief executive Mark Anderson. 'It's an essential toolkit for guiding government policy, conservation strategies and critical environmental decisions. In crises such as the The red-listing process also identifies knowledge gaps, guiding research efforts. This means that some species have been downlisted not only because of direct conservation interventions but thanks to significantly improved knowledge from recent research. 'For example, the elusive As a wetland specialist, the white-winged flufftail is still under threat, as are many other wetland bird species detailed in the RDB-online. This group of birds has seen the largest declines over the last decade because of drought, worsened by climate change, increased water extraction and deteriorating water conditions. The worrying increase in threatened species, particularly 'However, our successes show clearly that strategic, informed conservation actions yield tangible results. This resource directs us precisely where we need to act next,' Smit-Robinson said. The online book uniquely integrates extensive citizen science contributions from projects such as the The value of citizen scientists' contributions cannot be overstated, said Sanjo Rose, the RDB-online editor and previous Bird Atlas Project co-ordinator. 'Their meticulous observations have become the backbone of our regional assessments, enabling accurate monitoring, state-of-the-art trend analyses and swift identification of species at risk.' Regionally versus globally distinct extinction risks are exemplified by the This regional assessment reflects that, despite alarming global declines, dedicated conservation efforts within South Africa, including recent closures to 'While we follow IUCN [International Union for Conservation of Nature] criteria rigorously, our assessments reflect local realities. Sometimes there are higher regional threats compared to global listing populations, but sometimes conservation success stories too,' said Alan Lee, the science and innovation programme manager at BirdLife South Africa and the lead editor. 'In the case of the African penguin, the difference in categories means we predict the species will go extinct in Namibia before the population in South Africa. The extinction horizon is still within our lifetime.' BirdLife South Africa said it continues to champion targeted initiatives crucial for seabird conservation, such as the Now, invasive species have been identified as a major threat to island seabirds. The ambitious Mice on the island are Behind every threatened bird species listed in the RDB-online lie powerful stories of decline, resilience and hope, said Shamiso Banda, the RDB-online editor. 'Our book captures these narratives, showcasing the extraordinary conservation journeys and efforts underway across the region. 'By highlighting these individual stories, we hope to inspire action and awareness, reminding us that it is not too late to change the trajectory for many of these incredible birds. 'We are so grateful to everyone who made the RDB-online happen, from scientists to photographers.' The findings from the RDB-online will directly influence decisions such as the establishment and expansion of protected areas, renewable energy development planning and critical habitat management.
The Star
23-05-2025
- Business
- The Star
Paramount eyes RM1.5bil sales target for 2025
PETALING JAYA: Paramount Corp Bhd remains confident in achieving a sales target of RM1.5bil in 2025 underpinned by contributions from ongoing projects. In a Bursa filing, the group noted its unbilled sales amounted to RM1.6bil as of March 31, 2025, and will provide near term visibility to cashflow. However, it pointed out that 'the conversion into billings may largely depend on the projects' work progress'. Paramount posted a net profit of RM14.43mil or earnings per share (EPS) of 2.32 sen for the first quarter ended March 31, 2025 (1Q25). This was up from RM7.71mil or EPS 1.24 sen in the same quarter of the previous year. Revenue for the period jumped by 26.2% year-on-year to RM217.84mil driven by improvement in its property segment, which posted a revenue of RM205.9mil during the quarter. The largest revenue contributors were the group's development in Selangor, The Atera, followed by Utropolis Batu Kawan and Paramount Palmera in Penang. In the quarter, Paramount's property division sold properties with a gross development value of RM230mil, 128% higher than sales of RM101mil in 1Q24, underpinned by a larger base of products available for sale. As for its coworking segment, Paramount saw the division generating a revenue of RM6.6mil in 1Q25, up some 75% y-o-y. Despite the higher revenue, the coworking segment recorded a loss before tax (LBT) of RM500,000 during the quarter, attributable to the rental cost of the NU Sentral space, which had commenced operation in 2Q25, coupled with an increase in headcount of Scalable Malaysia. Paramount's investment and others segment recorded a slightly lower revenue of RM7.3mil in 1Q25 in comparison to RM7.5mil in 1Q24. The segment also posted a higher pre tax loss of RM9.1mil, which the group said was mainly due to higher interest expense arising from the issuance of the sustainability-linked sukuk as well as new borrowings that was used to partially finance the group's investment in EcoWorld International Bhd. Paramount did not declare any dividend for the quarter ending March 31, 2025.
