Latest news with #MaybankInvestmentBank
The Star
6 days ago
- Business
- The Star
Bursa Malaysia ends morning session in positive territory
KUALA LUMPUR: Bursa Malaysia ended the morning trading session in positive territory, supported by continued bargain hunting in most heavyweights particularly in the utilities and consumer products and services sectors. At 12.30 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) climbed 0.41 per cent, or 6.28 points, to 1,514.25 from Wednesday's close of 1,507.97. The benchmark index opened 2.73 points higher at 1,510.70, and moved between 1,509.25 and 1,515.90 throughout the morning session. Market breadth was favourable with gainers leading decliners 490 to 311, while 425 counters were unchanged, 1,130 untraded, and 20 suspended. Turnover stood at 1.42 billion units valued at RM1.02 billion. Maybank Investment Bank (Maybank IB) in a note said the construction sector is expected to remain in focus as it continues its current uptrend. Similarly, the real estate investment trust (REIT) sector remains resilient despite some profit-taking observed yesterday. "Technically, we expect the benchmark index to range between 1,495 and 1,515 points today, with support levels remaining at 1,500 and 1,440,' said the investment bank. Among the heavyweights, YTL Corporation perked up 13 sen to RM2.01, YTL Power International increased 21 sen to RM3.50, Petronas Chemicals garnered 11 sen to RM3.35, MR DIY rose 5.0 sen to RM1.60, and Sime Darby increased 3.0 sen to RM1.73. Among the most active stocks, ACE Market debutant Signature Alliance Group surged 8.0 sen to 70 sen, NexG eased half-a-sen to 37.5 sen, MYEG put on 2.0 sen to 92 sen, Tanco was 1.0 sen better at 99.5 sen, and Gamuda added 4.0 sen to RM4.70. On the index board, the FBM Emas Index climbed 52.10 points to 11,335.17, the FBMT 100 Index garnered 50.57 points to 11,103.52, and the FBM ACE Index increased 1.76 points to 4,481.41. The FBM Emas Shariah Index surged 75.35 points to 11,317.01 and the FBM 70 Index advanced jumped 91.89 points to 16,260.88. Sector-wise, the Financial Services Index fell 70.90 points to 17,689.95, the Industrial Products and Services Index was up 1.29 points to 151.39, the Plantation Index gained 18.00 points to 7,221.67, and the Energy Index shed 0.57 of-a-point to 701.89. - Bernama
The Sun
03-06-2025
- Business
- The Sun
Bursa Malaysia remains lower at mid-afternoon
KUALA LUMPUR: Bursa Malaysia remained lower at mid-afternoon on continued profit-taking in selected heavyweights and lower-liners led by consumer as well as industrial products and services stocks. At 3.05 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 4.0 points to 1,504.35 from last Friday's close of 1,508.35. The benchmark index opened 4.37 points higher at 1,512.72. Market breadth was negative with 715 decliners and 241 gainers, while 386 counters were unchanged, 1,004 untraded and 15 suspended. Turnover stood at 2.40 billion units worth RM1.35 billion. Maybank Investment Bank said in a note today that the benchmark index is expected to range between 1,500 points and 1,520 points today, with supports remaining at 1,500 points and 1,440 points. Among the heavyweights, QL Resources fell 11 sen to RM4.39, Petronas Chemicals dipped eight sen to RM3.34, Sunway and Press Metal dropped nine sen each to RM4.66 and RM4.95 respectively, and Axiata decreased three sen to RM2.02. Among the most active counters, Harvest Miracle Capital and ACE Market debutant ICT Zone Asia were flat at 18 sen and 20 sen respectively, Permaju Industries eased half-a-sen to 1.0 sen, Tanco Holdings slid half-a-sen to 99.5 sen, and Eco-Shop Marketing slipped three sen to RM1.23. On the index board, the FBM Emas Index shaved 42.05 points to 11,257.75, the FBMT 100 Index lost 35.74 points to 11,025.26, and the FBM ACE Index sank 88.68 points to 4,462.35. The FBM Emas Shariah Index trimmed 49.47 points to 11,206.78, while the FBM 70 Index retreated 77.77 points to 16,123.74. Sector-wise, the Financial Services Index weakened 34.22 points to 17,806.31, the Industrial Products and Services Index edged down 2.27 points to 150.38, and the Energy Index dropped 7.53 points to 700.69, but the Plantation Index gained 21.82 points to 7,229.67.
Daily Express
14-05-2025
- Business
- Daily Express
100 attend forum at the Sabah Energy Corporation headquarters
Published on: Wednesday, May 14, 2025 Published on: Wed, May 14, 2025 Text Size: Annuar (centre) witnessing the document exchange between Adzmir (left) and Michael. Kota Kinabalu: Some 100 people attended the Environmental, Social and Governance (ESG) Forum hosted by Sabah Energy Corporation (SEC) for the first time at their new headquarters, Menara SEC, on Monday. The event, themed 'From Intention to Impact: Building a Fit-for-Purpose ESG Future,' attracted the representatives from government agencies, state-owned companies, banks and sustainability experts. The forum aimed to encourage collaboration and speed up ESG adoption across Sabah's energy sector and other industries. SEC Group Chief Executive Officer Datuk Adzmir Abd Rahman welcomed participants to the corporation's new headquarters, describing it as a symbol of progress. He pointed out SEC's responsibility to develop energy solutions that balance environmental protection with economic growth and community welfare. During the event, Adzmir also announced the launch of an annual Corporate Charity Run to promote community health and social impact. SEC Group Chairman Datuk Annuar Ayub, who officially opened the forum, pointed out ESG principles are not just for reporting purposes but serve as strategic tools for long-term business success and resilience. 'This forum represents a defining step in making sustainability a shared value across Sabah's institutional landscape,' said Annuar. He also revealed that SEC is working on a 12-week plan to develop a Sustainable Finance Framework that will meet Sukuk (Islamic bond) requirements. Maybank Investment Bank has been selected as SEC's exclusive adviser and manager for its upcoming Sukuk Programme, as well as the sustainability structuring adviser for its framework. 'Sabah has untapped potential in renewable energy, including solar, bioenergy and geothermal resources,' said Maybank Investment Bank Chief Executive Officer Michael Oh-Lau. 'We are partnering with SEC to establish a Shariah-compliant, sustainability-focused funding platform to support its energy transition efforts and direct investment toward developing the State's energy resources,' he said. The event featured presentations from Petronas and Maybank representatives on national ESG priorities and opportunities in Sabah, followed by a panel discussion with industry experts. SEC intends for this forum to become a regular platform for promoting ESG leadership within Sabah, connecting sustainability goals with practical outcomes. * Follow us on Instagram and join our Telegram and/or WhatsApp channel(s) for the latest news you don't want to miss. * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available. Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia
The Star
13-05-2025
- Business
- The Star
SEC partners Maybank Investment Bank to advance ESG agenda and sukuk programme
From left: Sabah Energy Corporation (SEC) CEO Datuk Adzmir Abd Rahman, SEC chairman Datuk Annuar Ayub and Maybank Investment Bank CEO Michael Oh-Lau. KUALA LUMPUR: Sabah Energy Corporation Sdn Bhd (SEC) has reaffirmed its commitment to institutionalising ESG best practices through a 12-week roadmap to develop a fit-for-purpose Sustainable Finance Framework — a key step towards its inaugural sukuk programme. SEC group chairman Datuk Annuar Ayub said in a satement the initiative is part of SEC's long-term dedication to responsible energy development, with a focus on balancing environmental sustainability, economic growth, and community well-being. It will also support the establishment of the company's inaugural sukuk programme to finance green energy projects. To facilitate this, SEC has appointed Maybank Investment Bank as its sole principal adviser, lead arranger, and sustainability structuring adviser for the sukuk and ESG framework. The collaboration aims to establish a Shariah-compliant, sustainability-ready funding platform for the state's energy transition efforts. 'Sabah is at an inflection point in its renewable energy journey, with untapped potential in solar, bioenergy and geothermal. Maybank as a regional leader in Islamic debt capital markets and sustainable finance is partnering with SEC to establish a Shariah-compliant, sustainability-ready funding platform to support its energy transition efforts and direct capital towards developing the state's energy resources,' Maybank Investment Bank chief executive officer Michael Oh-Lau said in a statement. SEC is also launching community-driven ESG initiatives, including an annual corporate charity run aimed at promoting community health and social impact. The announcements were made during SEC's inaugural ESG Forum 2025, held at Menara SEC, where over 100 delegates from state agencies, financial institutions, and sustainability bodies gathered to explore collaborative pathways in ESG adoption across Sabah. In his opening remarks, SEC group chief executive officer Datuk Adzmir Abd Rahman welcomed guests to Menara SEC, describing it as the corporation's new home and a symbol of progress. Adzmir also highlighted SEC's responsibility to pursue responsible and forward-looking energy development — one that balances environmental stewardship, economic growth, and community well-being.
Business Times
29-04-2025
- Business
- Business Times
Discount chain Eco-Shop seeks RM419 million in Malaysia IPO
[KUALA LUMPUR] Malaysian discount retail chain Eco-Shop Marketing plans to raise RM419 million (S$127 million) in what will be Malaysia's biggest market debut in eight months. Eco-Shop will look to sell 347 million shares at RM1.21 apiece in a public listing, valuing the company at RM7 billion, according to a prospectus released on Tuesday (Apr 29). The company plans to raise an additional RM623 million via a share sale to institutional investors. Maybank Investment Bank, a unit of Malaysia's biggest lender, is the sole underwriter of the IPO. The stock is expected to start trading on May 23. The dollar-store operator plans to use the proceeds from the share sale to add 70 stores per year for the next five years, essentially doubling its store count, chief executive officer Jessica Ng said during the launch of the prospectus in Malaysia's Selangor state. 'In the current cost environment, our business model has never been more relevant,' she said. Established in 2003 by Lee Kar Whatt, Eco-Shop sells the majority of items in its stores for RM2.60. It operates 350 stores across Malaysia and has a market share of 68 per cent in the country's discount-store sector. Eco-Shop's IPO underlines the strength of Malaysia's consumer sector – which also attracted the country's biggest listing last year in mini-mart chain 99 Speed Mart Retail Holdings, which raised over US$530 million in Malaysia's biggest IPO in seven years. Malaysia's consumer spending is expected to see further strong growth in 2025, according to Fitch Solutions' BMI in a recent report. Household spending is expected to grow 5.2 per cent this year, according to the report, marking a return to pre-pandemic levels of growth. BLOOMBERG
