Latest news with #RM1.95
New Straits Times
30-05-2025
- Automotive
- New Straits Times
MSB Global posts RM1.51mil net profit, RM13.83mil revenue in Q1
KUALA LUMPUR: MSB Global Group Bhd's reported a net profit of RM1.51 million in the first quarter (Q1) ended March 31, 2025, marking a start in its first reporting period as a listed company. For the quarter under review, the company recorded RM13.83 million revenue and pre-tax profit of RM1.95 million. The company's earnings per share stood at 32 sen, based on the pre-listing share base of 477.00 million shares. In a statement, MSB Global said its revenue continued to be supported by its core business activities in the marketing, trading, and distribution of aftermarket automotive parts and components, which contributed RM9.57 million or 69.20 per cent of the total revenue. Meanwhile, it said the sale of automotive lubricants and fluids accounted for RM4.21 million or 30.45 per cent of total revenue. Export sales, primarily to Singapore, amounted to RM900,000, with the remaining contribution generated from domestic operations, it said. Managing director Datuk Ow Kee Foo said this quarter marks its first financial milestone as a listed entity, and the company is pleased to have maintained profitability while navigating a softer sales cycle. "Our consistent performance reaffirms the strength of our business model, built on trusted brand partnerships, operational discipline, and the growing demand for reliable aftermarket solutions," said Ow. MSB Global said as Malaysia's automotive aftermarket continues to expand, driven by a growing vehicle population and a rising demand for quality maintenance products, the company is confident in its ability to capture a larger share of the market. Backed by its exclusive distribution of the GSP brand and a growing portfolio of proprietary brands, the company remains committed to delivering long-term value for shareholders while scaling its presence across the nation and region, it added.
BusinessToday
23-05-2025
- Business
- BusinessToday
Looking Beyond YTL Power's Short Term Profit Softness
RHB Investment Bank Bhd (RHB Research), MIDF Amanah Investment Bank Bhd (MIDF Research) and CIMB Investment Bank Bhd (CIMB Securities) have all maintained their BUY calls on YTL Power International Bhd following the group's third quarter results for financial year 2025, with target prices revised to RM4.18, RM4.51 and RM4.00 respectively. The optimism centres on growth in its data centre and UK water operations, despite near-term profit softness from its Singapore power unit, PowerSeraya. RHB Research noted the group's core profit for 9MFY25 of RM2.1 billion, down 15% year-on-year, came in within expectations at 52% of RHB's full-year forecast. The house highlighted that the earnings decline, driven by a 31% drop in PowerSeraya's contribution, was partly offset by stronger performance from Wessex Water and reduced losses in its telco division. The target price was lowered from RM4.53 to RM4.18 to reflect dilution from unlisted warrants, with RHB applying a 2% ESG discount on YTL Power's intrinsic value. MIDF Research similarly flagged weaker-than-expected results, citing a 3QFY25 core net profit of RM551.8 million and a 9MFY25 total of RM1.95 billion, representing 63.5% of its full-year estimate. The house pointed out that the power segment's softness stemmed from a decline in Singapore's pool and retail prices, worsened by currency effects from a stronger ringgit. However, Wessex Water's improved tariffs and contributions from Ranhill Utilities helped cushion overall earnings. MIDF Research expects the UK water operations to strengthen further from the next quarter, boosted by a 21% tariff hike. CIMB Securities noted a 30% quarter-on-quarter drop in PowerSeraya's pre-tax profit to RM511 million due to rollover of contracts to lower tariffs and a fall in unit sales, compounded by a rising solar market share. The house estimates show Wessex Water's pre-tax profit surged 172% quarter-on-quarter to RM164 million on improved consumption and lower financing costs. CIMB Securities highlighted that YTL Power's total data centre capacity of 188MW is now fully contracted, with upcoming launches expected to drive earnings from late 1QFY26. All three research houses pointed to the company's ongoing expansion in artificial intelligence data centres as a key growth lever. RHB Research reported that the first 20MW AI-powered facility is ready for commercial launch within two months, while MIDF Research and CIMB Securities said the 80MW centre initially earmarked for AI will now be used for co-location, already taken up by a third party. According to CIMB Securities, total contracted revenue for YTL Power's data centre business stands at US$2.5 billion. Analysts agree the group's long-term prospects remain positive, anchored by diversification into high-margin infrastructure businesses. An interim dividend of 4.0 sen was declared. At RM3.60 per share, YTL Power trades at an undemanding valuation relative to future earnings potential, with projected yields between 1.8% and 2.5% in FY26. Related
The Sun
20-05-2025
- The Sun
GOF seizes nearly RM2 million worth of drugs at Tok Awang Belulang illegal jetty
KOTA BHARU: The General Operations Force (GOF) seized 55.899 kilogrammes (kg) of cannabis worth over RM1.95 million in a raid at the Tok Awang Belulang illegal jetty in Rantau Panjang, Pasir Mas yesterday. Its Southeast Brigade Commander, Datuk Nik Ros Azhan Nik Ab Hamid said the raid at 7.20 am today was carried out in collaboration with the Narcotics Criminal Investigation Division (BSJND) of the Pasir Mas district police headquarters (IPD). 'Acting on intelligence, the team kept a surveillance for 10 minutes before conducting a raid at the jetty on a white Mitsubishi Triton,' he said when contacted tonight. He said that in the raid, a local man in his 30s and a 52-year-old Thai woman were arrested. Further inspection found 13 boxes containing 55.899 kgs of cannabis wrapped in black and transparent plastic. 'The initial urine screening tests found that the Thai woman was positive for methamphetamine, while the local man was negative,' he said. He also said that the four-wheel drive vehicle (Mitsubishi Triton), estimated to be worth RM100,000, was also seized. 'The total value of the seizure was estimated at RM2,056,465.00. The case is being investigated under Section 39B and Section 15(1)(a) of the Dangerous Drugs Act 1952,' he added.
The Sun
20-05-2025
- The Sun
GOF seizes nearly RM2m worth of drugs
KOTA BHARU: The General Operations Force (GOF) seized 55.899 kilogrammes (kg) of cannabis worth over RM1.95 million in a raid at the Tok Awang Belulang illegal jetty in Rantau Panjang, Pasir Mas yesterday. Its Southeast Brigade Commander, Datuk Nik Ros Azhan Nik Ab Hamid said the raid at 7.20 am today was carried out in collaboration with the Narcotics Criminal Investigation Division (BSJND) of the Pasir Mas district police headquarters (IPD). 'Acting on intelligence, the team kept a surveillance for 10 minutes before conducting a raid at the jetty on a white Mitsubishi Triton,' he said when contacted tonight. He said that in the raid, a local man in his 30s and a 52-year-old Thai woman were arrested. Further inspection found 13 boxes containing 55.899 kgs of cannabis wrapped in black and transparent plastic. 'The initial urine screening tests found that the Thai woman was positive for methamphetamine, while the local man was negative,' he said. He also said that the four-wheel drive vehicle (Mitsubishi Triton), estimated to be worth RM100,000, was also seized. 'The total value of the seizure was estimated at RM2,056,465.00. The case is being investigated under Section 39B and Section 15(1)(a) of the Dangerous Drugs Act 1952,' he added.
Utusan Malaysia
19-05-2025
- Utusan Malaysia
PGA tahan dua individu punggah ganja RM1.95 juta di pangkalan haram
RANTAU PANJANG – The General Operations Force (PGA) arrested two individuals, a man and a woman, while unloading boxes containing cannabis nuggets worth RM1.95 million in a raid at the illegal base of Tok Awang Belulang yesterday. The two individuals were arrested at 7.20am through the assignment of Op Taring Wawasan Kelantan in the area of the illegal base. Southeast Brigade Commander Datuk Nik Ros Azhan Nik Ab. Hamid said that during the raid, they found the two individuals moving several boxes from the jetty into a pickup truck. 'The results of the examination at the location led to the discovery of marijuana weighing 55,899 kilograms (kg). 'Urine test screening found that the woman, who is a Thai citizen, tested positive for methamphetamine,' he told reporters here today. Nik Ros Azhan said the PGA did not rule out the possibility that the drugs were suspected for the local market. He said the two suspects were handed over to the Pasir Mas District Police Headquarters for further investigation under Section 39B of the Dangerous Drugs Act 1952 and Section 15(1)(a) of the same act.
