Latest news with #RM1.07
New Straits Times
5 days ago
- General
- New Straits Times
Unemployed man charged with trafficking more than 6.4kg of drugs worth RM1mil
PONTIAN: A man was charged in the Magistrate's Court here today with four counts of drug trafficking and possession involving more than 6.4kg of methylenedioxymethamphetamine (MDMA), syabu and ketamine. Lau Keat Lim, 35, who is unemployed, nodded to indicate he understood the charges after they were read before Magistrate Arina Azmin Ahmad Marzuki. For the first charge, Lau was accused of trafficking 6,404.16g (6.4kg) of MDMA. He also faced three additional charges of drug possession, namely, 20.04g and 1.06g of syabu, and 5.66g of ketamine. Lau pleaded not guilty to all three possession charges. The offences were allegedly committed at a house in Taman Mutiara here at about 6.10pm on May 21. For the trafficking offence, Lau was charged under Section 39B(1)(a) of the Dangerous Drugs Act 1952, which carries the mandatory death penalty, or life imprisonment of up to 40 years and no fewer than 12 strokes of the cane, if not sentenced to death. For drug possession, he was charged under Section 12(2) of the same Act, which carries a maximum fine of RM100,000, or a jail term of up to five years, or both, upon conviction. Deputy public prosecutor Anis Sahira Rosley appeared for the prosecution, while Lau was unrepresented. Earlier, the accused claimed he did not understand the charges, prompting the magistrate to instruct the court interpreter to read them again. Lau later said that he understood and entered a plea of not guilty to the three possession charges. No bail was offered by the prosecution due to the severity of the trafficking charge, which carries the death penalty. The court ordered that no bail be granted and instructed the accused to appoint legal representation before trial. The magistrate fixed mention for all three cases on Aug 5 for submission of the chemistry report. On May 25, Johor police chief Datuk M. Kumar said a 35-year-old man had been arrested after police seized more than 6.4kg (6,404.16g) of various drugs worth over RM1.07 million.
Borneo Post
19-05-2025
- Borneo Post
GOF Sarawak seizes RM1.84 mln in illegal timber, protected animals in eight operations statewide
The timber found at the location believed to be used as a timber processing area in Sri Aman KUCHING (May 19): The General Operations Force (GOF) Sarawak Brigade has successfully seized various types of timber, totally-protected animals and other illicit goods in eight separate operations conducted between May 13 and 18, estimated to be worth RM1.84 million. In a statement today, Sarawak GOF Brigade deputy commander ACP Rosdi Inai said the biggest haul was made during an operation carried out on May 15 at 11am by the Intelligence Branch of GOF Sri Aman Battalion 23. 'The raid was conducted at a location in Sri Aman believed to be used as an illegal timber processing premises without valid permits. 'During the raid, the team found 451 pieces of timber of various sizes as well as seized a wood storage premises and three units of wood processing machines – all of which amounted to RM1.07 million. 'The seized items were handed over to the Sarawak Timber Industry Development Corporation (Pusaka) for further action,' he said, adding that the case is being investigated under Section 5A(1) of the Sarawak Timber Industry Development Act 1973. Some of the totally-protected birds found during an operation conducted in Bau. In another raid conducted on May 13 at 11am, he said a team from GOF Sarawak Brigade alongside a team from Sarawak Forestry Corporation (SFC) raided a premises in Bau, believed to be made as a storage unit to cage various totally-protected animals. The team apprehended a 42-year-old woman, and found 15 totally-protected birds and 8 tortoises amounting to RM112,885 during the raid. The arrested individual and the seized items were handed over to SFC for further action and investigation under Section 29 of the Wildlife Ordinance 1998. The GOF then proceeded to raid six other premises throughout Sarawak, four of which involving protected animals and their parts, resulting in an estimated RM658,466 in confiscated illicit goods. Meanwhile, throughout the Op Taring period as of May 19, GOF Sarawak recorded a total of 179 cases, seized a total of RM236 million, and arrested a total of 283 individuals (211 locals and 72 foreigners), and seized 175 vehicles.
Yahoo
21-04-2025
- Business
- Yahoo
Should You Think About Buying Karex Berhad (KLSE:KAREX) Now?
Karex Berhad (KLSE:KAREX), might not be a large cap stock, but it received a lot of attention from a substantial price movement on the KLSE over the last few months, increasing to RM1.07 at one point, and dropping to the lows of RM0.73. Some share price movements can give investors a better opportunity to enter into the stock, and potentially buy at a lower price. A question to answer is whether Karex Berhad's current trading price of RM0.74 reflective of the actual value of the small-cap? Or is it currently undervalued, providing us with the opportunity to buy? Let's take a look at Karex Berhad's outlook and value based on the most recent financial data to see if there are any catalysts for a price change. We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. Karex Berhad is currently expensive based on our price multiple model, where we look at the company's price-to-earnings ratio in comparison to the industry average. We've used the price-to-earnings ratio in this instance because there's not enough visibility to forecast its cash flows. The stock's ratio of 50.47x is currently well-above the industry average of 22.39x, meaning that it is trading at a more expensive price relative to its peers. But, is there another opportunity to buy low in the future? Since Karex Berhad's share price is quite volatile, this could mean it can sink lower (or rise even further) in the future, giving us another chance to invest. This is based on its high beta, which is a good indicator for how much the stock moves relative to the rest of the market. View our latest analysis for Karex Berhad Future outlook is an important aspect when you're looking at buying a stock, especially if you are an investor looking for growth in your portfolio. Buying a great company with a robust outlook at a cheap price is always a good investment, so let's also take a look at the company's future expectations. Karex Berhad's earnings over the next few years are expected to double, indicating a very optimistic future ahead. This should lead to stronger cash flows, feeding into a higher share value. Are you a shareholder? KAREX's optimistic future growth appears to have been factored into the current share price, with shares trading above industry price multiples. At this current price, shareholders may be asking a different question – should I sell? If you believe KAREX should trade below its current price, selling high and buying it back up again when its price falls towards the industry PE ratio can be profitable. But before you make this decision, take a look at whether its fundamentals have changed. Are you a potential investor? If you've been keeping an eye on KAREX for a while, now may not be the best time to enter into the stock. The price has surpassed its industry peers, which means it is likely that there is no more upside from mispricing. However, the optimistic prospect is encouraging for KAREX, which means it's worth diving deeper into other factors in order to take advantage of the next price drop. Since timing is quite important when it comes to individual stock picking, it's worth taking a look at what those latest analysts forecasts are. At Simply Wall St, we have the analysts estimates which you can view by clicking here. If you are no longer interested in Karex Berhad, you can use our free platform to see our list of over 50 other stocks with a high growth potential. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
