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BusinessToday
11 hours ago
- Business
- BusinessToday
Bursa Opens Slightly Higher As iCents Leads Active Trades
Bursa Malaysia opened marginally higher on Thursday, supported by modest gains in key indices and strong debut interest in iCents Group Holdings. At 9.04 am, the benchmark FBM KLCI edged up 1.77 points to 1,513.27, reflecting cautious optimism amid mixed regional sentiment. Broader market indices also opened in positive territory, with the FBM 70 rising 0.15% to 16,546.64 and the FBM EMAS advancing 0.11% to 11,383.32. Leading the most active list was iCents, which saw robust interest in its ACE Market debut. The stock traded at RM0.280, up 16.7% from its IPO price of RM0.24, with over 544 million shares exchanging hands within minutes of market opening. Meanwhile, other actively traded stocks included TWL Holdings, Esceram, and NexG, though most were flat or saw minor movements. Investors are watching global markets closely amid ongoing uncertainty over US interest rate policy and China's slower-than-expected economic recovery, which continues to influence short-term sentiment across Asia. Related
Barnama
11 hours ago
- Business
- Barnama
iCents Group Eyes 10 Pct Revenue Growth For 2026
BUSINESS KUALA LUMPUR, July 17 – Cleanroom and other facility services provider, iCents Group Holdings Bhd make its debut on the ACE Market of Bursa Malaysia Securities, today. (Photo credit: iCents Group Holdings Bhd) KUALA LUMPUR, July 17 (Bernama) -- iCents Group Holdings Bhd has targeted a 10 per cent growth in revenue for 2026, driven by an expected rise in contribution from its manufacturing operations. Managing director Ong Mum Fei said the group's manufacturing of cleanroom fixtures and related products accounts for 10 to 15 per cent of overall revenue, with contribution expected to rise as the company ramps up production and expands its facility. 'We are also progressively securing projects over the next few months. This year, we anticipate securing more data centre projects, although most of the recognised revenue will come in 2027,' he told a press conference after the company's listing ceremony here today. iCents made its debut on the ACE Market with its share price opening at 29 sen, a five sen premium over its initial public offering (IPO) price of 24 sen, with 13.59 million shares traded. The group is mainly involved in providing cleanroom services, including engineering, procurement, construction, and testing, and the commissioning of cleanrooms catering to semiconductor and electronics manufacturing, data centres, pharmaceutical, and life sciences sectors. Ong noted that the company's new facility in Mantin, Negeri Sembilan, is expected to begin operations in the first quarter of next year, while the plan to tap local and international markets like Kuching, Sarawak and Jakarta, Indonesia, is expected to materialise within a year. He said that the clean room and facility service provider does not currently have a dividend policy but is planning to introduce one. "We are planning to allocate a payout of between 20 and 25 per cent of annual profits while balancing the need to retain funds for capital expenditure," he said. On the impact of tighter export controls, Ong said the group does not foresee any immediate effect on its business because most of its revenue comes from recurring sources.
Yahoo
14 hours ago
- Business
- Yahoo
Why Did Bitcoin, Ethereum, XRP, Dogecoin Flip Bearish Ahead Of The CPI Inflation Data Release?
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Cryptocurrency markets are trading lower on Tuesday morning as fears of whales taking profits grip influence Ticker Price Bitcoin (CRYPTO: BTC) $116,541.21 Ethereum (CRYPTO: ETH) $2,967.12 Solana (CRYPTO: SOL) $159.25 XRP (CRYPTO: XRP) $2.90 Dogecoin (CRYPTO: DOGE) $0.1912 Shiba Inu (CRYPTO: SHIB) $0.00001294 Notable Statistics: IntoTheBlock data shows Bitcoin and Ethereum large transaction increased by 141.1% and 235.9%, respectively. Daily active addresses grew by 28.3% and declined 11.1%, respectively. Coinglass data shows 125,044 traders were liquidated in the past 24 hours for $458.86 million. SoSoValue data shows net inflows of $297.4 million into spot Bitcoin ETFs on Monday. Spot Ethereum ETFs saw net inflows of $259 million. Trader Notes: Crypto chart analyst highlighted a recurring pattern: when Bitcoin dips ahead of CPI or PPI data, it often rebounds strongly once the data drops and vice versa. Traders are watching this setup closely. Trending: GoSun's Breakthrough Rooftop EV Charger Already Has 2,000+ Units Reserved — Crypto trader Posty says BTC is either bottoming now or may dip toward $113,000, a level many expect to be a strong bid zone. Since expectations are aligned, he cautions that the bounce might come earlier than most think, leaving many sidelined in disbelief. He adds that sideways price action here would favor altcoins. Ted Pillows, partner at OKX, sees Ethereum showing relative strength despite the broader pullback. "I'm longing pullbacks on," he noted, predicting $4,000 for the trader Jelle confirmed that XRP has officially broken out of its range, and with its ETF now approved for trading, he expects the momentum to carry XRP even Yapper says Solana is bouncing off key weekly support, suggesting a possible market bottom. A new all-time high could be near if support holds and momentum builds. For Dogecoin, Ali Martinez noted that the TD Sequential indicator on the hourly chart is flashing a buy signal, pointing to a potential short-term rebound after recent weakness. Read Next: Named a TIME Best Invention and Backed by 5,000+ Users, Kara's Air-to-Water Pod Cuts Plastic and Costs — And You Can Invest At Just $6.37/Share If there was a new fund backed by Jeff Bezos offering a 7-9% target yield with monthly dividends would you invest in it? Image: Shutterstock This article Why Did Bitcoin, Ethereum, XRP, Dogecoin Flip Bearish Ahead Of The CPI Inflation Data Release? originally appeared on
The Star
a day ago
- Business
- The Star
Tiger prawn processor Camaroe gets nod from Bursa Malaysia to list
KUALA LUMPUR: Aquaculture group Camaroe Bhd has got the green light from Bursa Malaysia Securities to list on the ACE Market of the stock exchange. The group, which specialises in the farming and processing of black tiger prawns, said it its initial public offering (IPO) will involve the issuance of 99 million new shares, as well as an offer for sale of 49.5 million existing shares to selected investors. "With our strong foundation in prawn farming and our expanding processing capabilities, this IPO will allow us to increase production capacity, enhance operational efficiency through new machinery and technology, and strengthen our product quality through the establishment of a biotechnology department," said Camaroe managing director Teoh Han Boon in a statement. Accordingly, the IPO will allocate 24.75 million shares of 5% of the enlarged issued share capital to the Malaysian public. Half of these shares will be made available to public investors while the other half will be issued to Bumiputera public investors. A further 12.38 million shares of 2.5% of the enlarged issued share capital will go to eligible directors, key senior management and employees through pink form allocations. Meanwhile, 61.87 million shares or 12.5% of the enlarged issued share capital will be reserved for private placement to Bumiputera investors approved by the Ministry of Investment, Trade and Industry Proceeds from the IPO will support the construction of a New Bukit Raja Processing Facility, the purchase of machinery and equipment, and the installation of solar panels to enhance sustainability. Additionally, Camaroe plans to establish a biotechnology department to strengthen its research capabilities and improve farming efficiencies. "Camaroe's well-established aquaculture infrastructure, coupled with its vertically integrated model and growing presence in export markets, places it in a favourable position to benefit from rising global demand for premium seafood. "The group's proven capabilities in producing quality black tiger prawns, as attested by its ability to meet locally and internationally recognised quality standards which make it a compelling listing candidate on the ACE Market,' said M&A Securities Sdn Bhd managing director Datuk Bill Tan. M&A Securities is the principal adviser, sponsor, underwriter, and placement agent for the IPO.
New Straits Times
a day ago
- Business
- New Straits Times
Camaroe gets Bursa Malaysia's greenlight for ACE Market listing
KUALA LUMPUR: Integrated aquaculture group, Camaroe Bhd, has received approval from Bursa Malaysia Securities Bhd to list on the ACE Market of the stock exchange. In a statement today, Camaroe, which specialises in the farming and processing of black tiger prawns, said its initial public offering (IPO) will involve the issuance of 99 million new shares, as well as an offer for sale of 49.5 million existing shares to selected investors. Managing director Tech Han Boon said that, with the group's strong foundation in prawn farming and expanding processing capabilities, the IPO will allow Camaroe to increase production capacity and enhance operational efficiency through new machinery and technology. "Additionally, it will strengthen our product quality through the establishment of a biotechnology department," he added. Camaroe said the IPO will allocate 24.75 million shares or five per cent of the enlarged issued share capital to the Malaysian public, with 2.5 per cent made available to public investors and the remaining 2.5 per cent to Bumiputera public Investors. It said a further 12.38 million shares or 2.5 per cent will be allocated to eligible directors, key senior management and employees through pink form allocations. Another 61.87 million shares or 12.5 per cent, are reserved for private placement to Bumiputera investors approved by the Ministry of Investment, Trade and Industry. "Proceeds from the IPO will support the construction of a new Bukit Raja processing facility, the purchase of machinery and equipment, and the installation of solar panels to enhance sustainability. "Additionally, Camaroe plans to establish a biotechnology department to strengthen its research capabilities and improve farming efficiencies," the company said. Meanwhile, M&A Securities Sdn Bhd managing director Datuk Bill Tan said Camaroe's well-established aquaculture infrastructure, coupled with its vertically integrated model and growing presence in export markets, places it in a favourable position to benefit from rising global demand for premium seafood. "The group's proven capabilities in producing quality black tiger prawns, as attested by its ability to meet locally and internationally recognised quality standards, make it a compelling listing candidate on the ACE Market," he added. M&A Securities is the principal adviser, sponsor, underwriter, and placement agent for the IPO. -- BERNAMA
