Latest news with #RM3.19
Borneo Post
7 days ago
- Business
- Borneo Post
Sarawak allocates RM13.5 bln to Regional Development Agencies for 1,571 projects
Uggah says that as of April 2025, 82 projects or nine per cent had been completed and that the remaining 819 projects or 91 per cent were in various stages of implementation. – Ukas photo KUCHING (May 28): Sarawak has provided an allocation of RM13.5 billion to all nine Regional Development Agencies in the state with each agency receiving an allocation of RM1.5 billion, said Deputy Premier Datuk Amar Douglas Uggah Embas. The State Minister of Finance and New Economy II said of the RM13.5 billion, RM7.5 billion was allocated under Sarawak's annual budget to finance the implementation of 901 development projects under the supervision of the five Regional Development Agencies. 'Among them are the Sri Aman Development Agency (SADA), Betong Division Development Agency (BDDA), Rajang Delta Development Agency (RADDA), Greater Kuching Development Coordinated Agency (GKCDA), and Mid Rajang Regional Development Agency (MiRRDA). 'Of the total, 894 projects are physical projects, while seven are non-physical projects,' he added when delivering his winding-up speech for the ministry at the State Legislative Assembly sitting, today. He said that as of April 2025, 82 projects or nine per cent had been completed and that the remaining 819 projects or 91 per cent were in various stages of implementation. In addition, he also said RM6.0 billion has been allocated under Alternative Financing for projects under the supervision of regional development agencies. 'These include the Northern Regional Development Agency (NRDA), the Highland Development Agency (HDA), the Upper Rajang Development Agency (URDA), and the Integrated Samarahan Regional Development Agency (IRSDA). 'To date, a total of RM3.19 billion has been spent with 601 projects completed,' he said. Uggah said Sarawak had established various Regional Development Agencies to bridge the development gap between urban and rural areas and accelerate infrastructure development throughout Sarawak. The initiative, he said, was implemented through a bottom-up approach in project planning and implementation. Regarding the performance of project implementation under Alternative Financing, Uggah said that this year the Sarawak Government had allocated a total of RM8.12 billion for the implementation of 1,571 projects. 'As of April 2025, a total of RM1.11 billion or 14 per cent of the total allocation has been spent,' he said. He said that of the total, 1,514 projects were categorised as physical projects while 57 projects were non-physical. 'To date, 974 projects or 61 per cent have been completed, while the remaining 597 projects or 39 per cent are in various stages of implementation,' he said. Uggah said in total, a total of RM16.0 billion has been spent until April 2025 for the implementation of major development projects throughout Sarawak. douglas uggah DUN regional development agencies
Barnama
21-05-2025
- Business
- Barnama
Penang Tuna Landing Industry Surges Sharply In 2024
GEORGE TOWN, May 21 (Bernama) -- The tuna landing industry in Penang is experiencing a significant upward trend and is poised to become a major hub for landing and processing tuna, catering not only to domestic but also international markets. State Agrotechnology, Food Security and Cooperative Development Committee chairman Fahmi Zainol said Penang recorded a total tuna landing of 431,000 kilogrammes (kg) last year, with an estimated value of RM7.76 million, marking a significant increase from 177,000 kg worth RM3.19 million in 2023. He added that the Penang government would continue to strengthen facilities, infrastructure, logistics, and provide more comprehensive support services to further boost the industry's growth as part of a long-term strategy. 'The state government has considered several sites to establish a new tuna landing port; however, there are many constraints related to land ownership and the suitability of water levels for tuna vessels to dock,' he added. He said this when debating the motion of thanks for Penang Yang Dipertua Negeri's speech at today's State Legislative Assembly sitting here. Fahmi said the effort is expected to have a positive impact on the state's economic and social growth through the creation of new job opportunities and downstream industries, such as high-tech tuna processing centres capable of producing premium quality seafood products for the global market. He also noted that the uniqueness of the exclusive tuna landing operation on Penang presents potential as a new tourism attraction, capable of drawing visitors from both within Malaysia and abroad. Penang has been the main entry point for tuna into Malaysia since the early 1990s, with many foreign vessels, including those from Taiwan, choosing the state to land, process, and then re-export tuna to markets in Taiwan and Japan. Meanwhile, Fahmi said the fisheries sector's achievements continue to reflect positive growth, as shown by the increase in total marine product landings for 2024, reaching 39,231 metric tonnes, up from 38,226 metric tonnes in 2023.
Yahoo
24-03-2025
- Business
- Yahoo
Is Now An Opportune Moment To Examine Hume Cement Industries Berhad (KLSE:HUMEIND)?
Hume Cement Industries Berhad (KLSE:HUMEIND), is not the largest company out there, but it received a lot of attention from a substantial price movement on the KLSE over the last few months, increasing to RM3.19 at one point, and dropping to the lows of RM2.47. 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 Hume Cement Industries Berhad's current trading price of RM2.66 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 Hume Cement Industries Berhad's outlook and value based on the most recent financial data to see if there are any catalysts for a price change. According to our price multiple model, which makes a comparison between the company's price-to-earnings ratio and the industry average, the stock price seems to be justfied. 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 8.28x is currently trading slightly below its industry peers' ratio of 10.12x, which means if you buy Hume Cement Industries Berhad today, you'd be paying a reasonable price for it. And if you believe that Hume Cement Industries Berhad should be trading at this level in the long run, then there's not much of an upside to gain over and above other industry peers. In addition to this, it seems like Hume Cement Industries Berhad's share price is quite stable, which could mean there may be less chances to buy low in the future now that it's trading around the price multiples of other industry peers. This is because the stock is less volatile than the wider market given its low beta. View our latest analysis for Hume Cement Industries 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. Although value investors would argue that it's the intrinsic value relative to the price that matter the most, a more compelling investment thesis would be high growth potential at a cheap price. Though in the case of Hume Cement Industries Berhad, it is expected to deliver a relatively unexciting earnings growth of 6.6%, which doesn't help build up its investment thesis. Growth doesn't appear to be a main reason for a buy decision for the company, at least in the near term. Are you a shareholder? HUMEIND's future growth appears to have been factored into the current share price, with shares trading around industry price multiples. However, there are also other important factors which we haven't considered today, such as the financial strength of the company. Have these factors changed since the last time you looked at HUMEIND? Will you have enough conviction to buy should the price fluctuate below the industry PE ratio? Are you a potential investor? If you've been keeping an eye on HUMEIND, now may not be the most optimal time to buy, given it is trading around industry price multiples. However, the positive growth outlook may mean it's worth diving deeper into other factors in order to take advantage of the next price drop. In light of this, if you'd like to do more analysis on the company, it's vital to be informed of the risks involved. Case in point: We've spotted 2 warning signs for Hume Cement Industries Berhad you should be aware of. If you are no longer interested in Hume Cement Industries 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.
Yahoo
24-03-2025
- Business
- Yahoo
Is Now An Opportune Moment To Examine Hume Cement Industries Berhad (KLSE:HUMEIND)?
Hume Cement Industries Berhad (KLSE:HUMEIND), is not the largest company out there, but it received a lot of attention from a substantial price movement on the KLSE over the last few months, increasing to RM3.19 at one point, and dropping to the lows of RM2.47. 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 Hume Cement Industries Berhad's current trading price of RM2.66 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 Hume Cement Industries Berhad's outlook and value based on the most recent financial data to see if there are any catalysts for a price change. According to our price multiple model, which makes a comparison between the company's price-to-earnings ratio and the industry average, the stock price seems to be justfied. 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 8.28x is currently trading slightly below its industry peers' ratio of 10.12x, which means if you buy Hume Cement Industries Berhad today, you'd be paying a reasonable price for it. And if you believe that Hume Cement Industries Berhad should be trading at this level in the long run, then there's not much of an upside to gain over and above other industry peers. In addition to this, it seems like Hume Cement Industries Berhad's share price is quite stable, which could mean there may be less chances to buy low in the future now that it's trading around the price multiples of other industry peers. This is because the stock is less volatile than the wider market given its low beta. View our latest analysis for Hume Cement Industries 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. Although value investors would argue that it's the intrinsic value relative to the price that matter the most, a more compelling investment thesis would be high growth potential at a cheap price. Though in the case of Hume Cement Industries Berhad, it is expected to deliver a relatively unexciting earnings growth of 6.6%, which doesn't help build up its investment thesis. Growth doesn't appear to be a main reason for a buy decision for the company, at least in the near term. Are you a shareholder? HUMEIND's future growth appears to have been factored into the current share price, with shares trading around industry price multiples. However, there are also other important factors which we haven't considered today, such as the financial strength of the company. Have these factors changed since the last time you looked at HUMEIND? Will you have enough conviction to buy should the price fluctuate below the industry PE ratio? Are you a potential investor? If you've been keeping an eye on HUMEIND, now may not be the most optimal time to buy, given it is trading around industry price multiples. However, the positive growth outlook may mean it's worth diving deeper into other factors in order to take advantage of the next price drop. In light of this, if you'd like to do more analysis on the company, it's vital to be informed of the risks involved. Case in point: We've spotted 2 warning signs for Hume Cement Industries Berhad you should be aware of. If you are no longer interested in Hume Cement Industries 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.
