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The Sun
6 days ago
- Business
- The Sun
JAG Bhd confident of FY25 rebound with strong fundamentals, sector outlook
SHAH ALAM: JAG Bhd, a leading total waste management company, recorded a loss after tax of RM6.4 million for the first quarter (Q1) ended March 31, 2025 (FY25) compared with a profit after tax of RM3 million registered in the same period last year. Revenue stood at RM46.5 million compared with RM52.7 million a year ago. The contraction was primarily driven by a slowdown in demand from international clients, following uncertainty surrounding the US tariff policy announced in early April. Amid the lack of clarity, customers took a more cautious approach to procurement, resulting in delayed orders during the period. Nevertheless, the group views this as a temporary, one-off impact. Market sentiment is already showing signs of stabilisation, with semiconductor clients resuming typical procurement patterns. Operational fundamentals remain strong, and the Group expects performance to improve in the coming quarters as business activity normalises. Executive director Datuk Ng Meow Giak said while external headwinds impacted Q1 FY25, the company remains confident in its ability to deliver a strong rebound. 'Management guidance for FY25 remains strong and intact, and we expect the remaining quarters of the year to return to profitability. 'The long-term outlook for the industries we serve, particularly semiconductors and electronics, remains robust. 'We are focused on building the operational resilience and business agility needed to capitalise on these opportunities fully,' he said. Ng said the company's total waste management (TWM) segment continues to show strength and agility. 'We are broadening our revenue streams within TWM, including entry into the oil & gas space and tapping into specialised services such as the disposal of scheduled waste, an area that requires licensed handling and technical expertise. 'In Q1 FY25, we recorded a 25% quarter-on-quarter increase in the processing of these materials, signalling serious growth potential in this space. 'This presents a valuable opportunity to strengthen our market position and long-term profitability further,' he said. Ng said the global tariffs are beyond control, but what is within control is how JAG build and future-proof the business. 'That is why we are aggressively driving new opportunities in industrial waste recovery, securing strategic contracts, and exploring untapped markets. Commodity trends also buoy us. 'Gold and silver prices have been on an uptrend, and copper has remained stable. Coupled with our healthy inventory, which can support operations for the next six months, we are well-positioned to benefit from evolving market dynamics,' Ng said. He said the TWM segment remains the group's primary growth engine. In addition to streamlining operations and refocusing on high-value activities, JAG is enhancing productivity through processing efficiencies, expansion of service scope, and diversification into industries with long-term potential. 'As we enter this next phase of growth, we are also taking steps to enhance shareholder value. 'Given the strong fundamentals of our core business and the growth trajectory ahead, we are in the process of formalising a dividend policy. 'This reflects our confidence in the group's performance outlook and our commitment to delivering long-term value to our shareholders,' Ng said.
Straits Times
21-05-2025
- Straits Times
Wild elephants attack car in Malaysia after being triggered by car horns
The damaged sedan after it was attacked by wild elephants near KM11 of the Gerik-Jeli highway. PHOTO: DUNIA HAIWAN MALAYSIA/FACEBOOK Wild elephants attack car in Malaysia after being triggered by car horns Wild elephants went on a rampage and destroyed a vehicle in Malaysia in an incident believed to have been triggered by the sound of car horns, authorities said. The episode took place on the night of May 20 near KM11 of the Gerik-Jeli highway. It is the same highway where an elephant calf was killed earlier in May after it was hit by a lorry. In the latest incident, the driver of a Toyota Vios car was on his way to Gerik, a small town in the state of Perak, when he saw a herd of elephants crossing the highway. The 39-year-old stopped his car and turned off the vehicle's headlights, said Gerik police chief Zulkifli Mahmood. 'However, the sound of the horn from another vehicle is believed to have caused three elephants to approach the car,' he said. Mr Zulkifli said the terrified driver quickly exited his car to save himself, and did not sustain any injuries. However, his car was severely damaged, especially at the back and front. Videos showing the damaged white sedan went viral on social media. The driver lodged a police report as well as a complaint with the Wildlife and National Parks department (Perhilitan). Perak Perhilitan chief Yusoff Shariff said the incident involved a herd of six elephants, including one adult male. 'The tuskless adult male was in an aggressive state,' he said. On Mother's Day on May 11, a mother elephant stayed by her dead calf's side along the Gerik-Jeli highway after the juvenile was killed in an accident with a lorry. The incident drew widespread sympathy and led to growing calls to better protect the country's wildlife. Natural Resources and Environmental Sustainability Minister Nik Nazmi Nik Ahmad said over 66,000 human-wildlife conflict incidents have been reported from 2020 to 2024, resulting in RM46.5 million (S$14 million) in losses. He said that human-elephant conflicts are pressing issues as they often involve lives and properties. Join ST's Telegram channel and get the latest breaking news delivered to you.
The Sun
20-05-2025
- Politics
- The Sun
66,825 complaints of wildlife conflict since 2020
ISKANDAR PUTERI: A total of 66,825 human-wildlife conflict complaints with an estimated loss of RM46.5 million have been recorded from 2020 to last year. Natural Resources and Environmental Sustainability (NRES) Minister Nik Nazmi Nik Ahmad said the significant increase involved animal species such as macaques, elephants, wild boars, Malayan tigers and tapirs. He said in Johor alone, 7,996 complaints were recorded with a total loss of RM6.88 million. 'We need an integrated action, involving all parties to resolve this issue and a more thorough and effective approach to deal with the human-wildlife conflict. 'This issue is an urgent matter as we have seen several issues that have gone viral lately,' he said at a press conference after officiating the launch of the Johor State Human-Elephant Conflict Special Committee and a dialogue session with the Minister of NRES, here today. Also present was the state Health and Environment Committee chairman, Ling Tian Soon. Nik Nazmi said the ministry had implemented various efforts to address human-wildlife conflict, especially elephants. According to him, this included preserving the Central Forest Spine and increasing protected areas under the Ecological Fiscal Transfer (EFT) for Biodiversity Conservation. 'When the government introduced EFT, we saw an increase in protected areas in the sea and on land, (to date) with a total area of ??300,000 hectares. 'Of that total, 90,000 hectares involve land, of which 14,000 hectares have been gazetted as Permanent Forest Reserves,' he said. Earlier, Nik Nazmi welcomed the efforts of the Johor state government, which took proactive steps to establish a committee to coordinate actions to manage elephant-human conflict in the state in an integrated and systematic manner. He said the strategic move should be used as an example for other states to increase the effectiveness of efforts to address human-wildlife conflict.
New Straits Times
20-05-2025
- Politics
- New Straits Times
Over 66,000 complaints of wildlife conflict since 2020, losses hit RM46.5mil
ISKANDAR PUTERI: A total of 66,825 human-wildlife conflict complaints with an estimated loss of RM46.5 million have been recorded from 2020 to last year. Natural Resources and Environmental Sustainability (NRES) Minister Nik Nazmi Nik Ahmad said the significant increase involved animal species such as macaques, elephants, wild boars, Malayan tigers and tapirs. He said in Johor alone, 7,996 complaints were recorded with a total loss of RM6.88 million. "We need an integrated action, involving all parties to resolve this issue and a more thorough and effective approach to deal with the human-wildlife conflict. "This issue is an urgent matter as we have seen several issues that have gone viral lately," he said at a press conference after launching the Johor State Human-Elephant Conflict Special Committee and a dialogue session with the Minister of NRES, here today. Also present was the state Health and Environment Committee chairman, Ling Tian Soon. Nik Nazmi said the ministry had implemented various efforts to address human-wildlife conflict, especially elephants. He said this included preserving the Central Forest Spine and increasing protected areas under the Ecological Fiscal Transfer (EFT) for Biodiversity Conservation. "When the government introduced EFT, we saw an increase in protected areas in the sea and on land, (to date) with a total area of 300,000ha. "Of that total, 90,000ha involve land, of which 14,000ha have been gazetted as Permanent Forest Reserves," he said. Earlier, Nik Nazmi welcomed the efforts of the Johor state government, which took proactive steps to establish a committee to coordinate actions to manage elephant-human conflict in the state in an integrated and systematic manner. He said the strategic move should be used as an example for other states to increase the effectiveness of efforts to address human-wildlife conflict. – Bernama
Straits Times
20-05-2025
- Politics
- Straits Times
Human-wildlife conflict cases surging in Malaysia
Human-elephant conflicts are pressing issues as they often involve lives and properties. PHOTOS: SCREENGRAB FROM BULETIN MALAYSIA/FACEBOOK ISKANDAR PUTERI - Over 66,000 human-wildlife conflict incidents have been reported in the past four years, said Mr Nik Nazmi Nik Ahmad. The Natural Resources and Environmental Sustainability Minister said these incidents, reported from 2020 to 2024, resulted in RM46.5 million (S$14 million) in losses. 'There has been a significant increase in cases, totalling 66,825 reports involving monkeys, elephants, wild boars, tigers, and tapirs. 'In Johor alone, 7,996 complaints were received, with losses amounting to RM6.88 million,' he said during the launch of the Johor Human-Elephant Special Taskforce at Kota Iskandar on May 20 . He said that human-elephant conflicts are pressing issues as they often involve lives and properties. 'This is a focus in Johor, which is why the state formed the taskforce to tackle the matter,' he said. Mr Nik Nazmi added that at the federal level, his ministry's efforts include monitoring elephant movements with satellite collars and installing electric fences in villages and traditional farming areas near elephant habitats. He also said the federal government has allocated RM10 million to support those affected by human-wildlife conflicts. During the event, also attended by Johor Health and Environment Committee chairman Ling Tian Soon, Mr Nik Nazmi engaged in a dialogue with stakeholders' representatives. Issues raised included longstanding elephant conflicts affecting farmers in areas like Kota Tinggi and Kluang. THE STAR/ASIA NEWS NETWORK Join ST's Telegram channel and get the latest breaking news delivered to you.
