Latest news with #SyedMokhtarAl-Bukhary
New Straits Times
17-07-2025
- Business
- New Straits Times
Pos Malaysia soars, one of Bursa's most active stocks at midday
KUALA LUMPUR: Shares of Pos Malaysia Bhd jumped as much as 18 per cent by midday break as the trading volume surged to a two-month high. The national courier's share price hit an intraday high of 29.5 sen by midday, climbing from Wednesday's close of 25 sen. Trading volume swelled to 9.67 million shares - the highest since May 19, 2025, when 5.2 million units changed hands at the same price level. The stock initially slipped to a low of 24 sen in early trade before rebounding sharply to become one of the most actively traded counters on Bursa Malaysia. By 12.30pm, Pos Malaysia closed the morning session at 28 sen, up three sen or 12 per cent, valuing the company at RM211.35 million in market capitalisation. The stock has gained 14 per cent so far this year. Pos Malaysia is majority-owned by tycoon Tan Sri Syed Mokhtar Al-Bukhary, who holds a 53.49 per cent stake in the company. Pos Malaysia reported a wider net loss for the first quarter ended March 31, 2025 due to lower revenue from its postal and logistics segments. Its net loss for the quarter widened to RM41.5 million from a net loss of RM19.7 million a year earlier. Pos Malaysia has been loss-making since the third quarter of FY18.
The Star
26-06-2025
- Business
- The Star
MMC Ports to file for biggest IPO since 2012
MMC Ports could seek to raise about US$2bil in a share sale as soon as September. KUALA LUMPUR: MMC Port Holdings Sdn Bhd is pressing ahead with its planned listing in Malaysia, according to people familiar with the matter, in what could be the biggest local initial public offering (IPO) in more than a decade. The port operator, owned by Malaysian tycoon Tan Sri Syed Mokhtar Al-Bukhary, has confidentially filed listing documents with regulators and is awaiting approval to post a draft prospectus, the people said, asking not to be identified because the process is private. MMC Ports could seek to raise about US$2bil in a share sale as soon as September, the people said. The planned listing could value the company at as much as US$7bil, some of the people said. Considerations are ongoing and details including size and timing may change, the people said, adding that MMC Ports could also decide against an IPO. Representatives for MMC Ports and parent MMC Corp Bhd didn't immediately respond to requests seeking comment. Bloomberg News reported in October that MMC Ports was working with financial advisers on an IPO plan. The company runs seven ports along the Straits of Malacca, one of the world's busiest shipping lanes, and is the biggest such operator in Malaysia, according to its website. It also operates three cruise terminals. The potential IPO could be the biggest since plantation group FGV Holdings Bhd raised more than RM10bil or US$2.4bil in 2012. — Bloomberg Trading ideas: TNB, Sports Toto, Cypark, Aeon Credit, HSS, Gas Malaysia, Green Ocean, UEM Sunrise, Destini, Citaglobal, ATA IMS, RHB, Sapura Energy, Ajinomoto, SNS, iCents
The Star
25-06-2025
- Business
- The Star
MMC Ports is said to file for biggest Malaysian IPO since 2012
MMC PORT Holdings Sdn Bhd is pressing ahead with its planned listing in Malaysia, according to people familiar with the matter, in what could be the biggest initial public offering in Kuala Lumpur in more than a decade. The port operator, owned by Malaysian tycoon Syed Mokhtar Al-Bukhary, has confidentially filed listing documents with regulators and is awaiting approval to post a draft prospectus, the people said, asking not to be identified because the process is private. MMC Ports could seek to raise about $2 billion in a share sale as soon as September, the people said. The planned listing could value the company at as much as $7 billion, some of the people said. Considerations are ongoing and details including size and timing may change, the people said, adding that MMC Ports could also decide against an IPO. Representatives for MMC Ports and parent MMC Corp. didn't immediately respond to requests seeking comment. Bloomberg News reported in October that MMC Ports was working with financial advisers on an IPO plan. The company runs seven ports along the Straits of Malacca, one of the world's busiest shipping lanes, and is the biggest such operator in Malaysia, according to its website. It also operates three cruise terminals. The potential IPO could be the biggest since plantation group FGV Holdings Bhd . raised more than 10 billion ringgit ($2.4 billion) in 2012, according to data compiled by Bloomberg. - Bloomberg
Business Times
24-06-2025
- Business
- Business Times
MMC Ports to file for biggest Malaysian IPO since 2012: sources
[KUALA LUMPUR] MMC Port Holdings is pressing ahead with its planned listing in Malaysia, according to people familiar with the matter, in what could be the biggest initial public offering in Kuala Lumpur in more than a decade. The port operator, owned by Malaysian tycoon Syed Mokhtar Al-Bukhary, has confidentially filed listing documents with regulators and is awaiting approval to post a draft prospectus, the people said, asking not to be identified because the process is private. MMC Ports could seek to raise about US$2 billion in a share sale as soon as September, the people said. The planned listing could value the company at as much as US$7 billion, some of the people said. Considerations are ongoing and details including size and timing may change, the people said, adding that MMC Ports could also decide against an IPO. Representatives for MMC Ports and parent MMC did not immediately respond to requests seeking comment. Bloomberg News reported in October that MMC Ports was working with financial advisers on an IPO plan. The company runs seven ports along the Straits of Malacca, one of the world's busiest shipping lanes, and is the biggest such operator in Malaysia, according to its website. It also operates three cruise terminals. The potential IPO could be the biggest since plantation group FGV Holdings raised more than RM10 billion (S$3 billion) in 2012, according to data compiled by Bloomberg. BLOOMBERG
