Latest news with #RM8.7mil
The Star
30-07-2025
- The Star
JB medical practitioner loses over RM8mil to investment scam
JOHOR BARU: A medical practitioner lost more than RM8mil of her savings after being scammed to invest in a bogus online stock investment scheme. Johor Baru South OCPD Asst Comm Raub Selamat said the victim, a 53-year-old female, lodged a police report on Tuesday (July 29) claiming she had been scammed of her savings amounting to RM8.7mil. 'According to the victim, in April this year, she came across an investment advertisement on social media that promised high returns. She became interested and contacted the suspect to find out more about it. 'The victim was offered profits of up to 520% from the total amount of investments she made,' he said in a statement here on Wednesday (July 30). ACP Raub added that believing the profits that she would get, from May until this month, she made payments of RM8.7mil to several bank accounts as instructed by the suspect. He said from the total amount of investments she had made, the victim only received about RM6,033 in profit. 'When the victim wants to withdraw her funds and profits, the suspect forced her to pay another RM500,000 as a deposit and even threatened that her account would be frozen. 'This made the victim realise that she had been cheated before lodging a police report,' he said adding that the case was being investigated under Section 420 of the Penal Code. ACP Raub urged the public to be vigilant against online investment scams that promise unrealistic returns within a short period of time. 'Anybody can be a victim of scammers no matter their status or career. They should always be careful when come across investment opportunities especially on social media,' he added. He said the public should follow the Royal Malaysia Police's commercial crime investigation unit social media accounts on Facebook, Instagram, and TikTok for updates on the latest scam tactics.
The Star
07-07-2025
- Business
- The Star
Solid growth on the cards for iCents post-listing on robust order book
From left: iCents Group Holdings Bhd executive director Tan Wei Ying, executive director Foo Siang Leng, substantial shareholder Faye Khor Fei Yi, managing director Vincent Ong Mum Fei, chairperson Lim Bee Vian, Alliance Islamic Bank Bhd chief executive officer Rizal IL-Ehzan Fadil Azim, Alliance Bank Malaysia Bhd group chief corporate and institutional banking officer Teoh Chu Lin and Alliance Islamic Bank Islamic capital markets coverage and origination head and senior vice president Lim Shueh Li at the prospectus launch of iCents Group PETALING JAYA: Cleanroom and facility services group iCents Group Holdings Bhd is projected to register year-on-year (y-o-y) earnings growth of 23.7%, 43.6% and 6.9% to RM8.7mil, RM12.5mil and RM13.3mil from this year to 2027, respectively, according to TA Research. The group is en route to a listing on the ACE Market of Bursa Malaysia on July 17. The research house said this growth would be mainly driven by the assumptions of an unbilled order book of RM93.2mil as of June 2025, a new job replenishment assumption of RM140mil a year, and an annual growth of 20% in other divisions. The initial public offering (IPO) is expected to raise RM27mil. iCents specialises in cleanroom construction, including engineering, procurement, construction, testing, and commissioning of cleanrooms, among others. According to an independent research report by Vital Factor Consulting, the performance of the cleanroom industry is dependent on the performance of end-user industries, particularly high growth, high-value industries such as electrical and electronics, pharmaceuticals, and others. Between 2022 and 2030, the manufacturing sector's value-added contribution is projected to grow at a compounded annual growth rate of 6.5%, mainly supported by the high-growth sectors. The research house said, on a pro forma basis, the group's financial position is expected to improve from net debt of RM5.7mil as of last December to a net cash position of RM16.1mil after listing. Trading ideas: Edelteq, WCT, Green Packet, MAG, Capital A, Mudajaya, Mesiniage, MN, Kretam, Kim Hin, TeamStar, ISF
