Malaysia Business News

Its share price rise (Till 19 Jan 2018) could be a positive reaction by the market to the group’s results for the second quarter ended Nov 30, 2017 (2QFY18), which saw net profit jump by more than 46 times to RM6.54 million from RM141,000 in 2QFY17. Revenue increased by almost 15 times to RM147.3 million. The reason for the big rise in profit and...

It is expected to grow in tandem with the booming semi industry. Despite a potential slowdown in the global automotive sector, industry observers are confident that KESM, the largest independent burn in test and service provider for the local auto semi industry, will not be too affected by such a scenario. The burn in process is a practice...

The company reported a net loss of rm4.2 million in 4QFy2014, from net profit of rm6.3 million in 4QFy2013 due to one off impairment loss on receivables of rm5.5 million, realized and unrealized forex losses of rm4.1 million and losses related to relocation of its China based operations.   It is believed the worst is over for the...

It had snapped up several parcels of land totaling rm151 million, has dismissed concerns its gearing is high amidst the gloomy property market outlook.   It had in Jan 2015 announced the acquisition of two parcels in Bukit Mertajam, Penang for rm31 million, It had reportedly its maiden venture into the Penang mainland property market. It ...

As it delivers on its earnings, this will lead to a re-rating of the stock. It is also gaining interest among institutional investors, which CIMB Equities Research believes hold a combined 15%-20% stake. The company’s particleboard and furniture factories is that demand from Japan and China remains robust. Its competitive manufacturing...