<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Aug 23): TMC Life Sciences Bhd net profit jumped over six times for the fourth quarter ended June 30, 2022 (4QFY22) driven by increased capacity and higher patient load.</p></div>

<div class=newsTextDataWrapInner><p>The healthcare group, which is 70%-controlled by Singapore billionaire Peter Lim Eng Hock via Sasteria (M) Pte Ltd, declared a final dividend of 0.28 sen per share with ex-date on Dec 5 this year.</p></div>

<div class=newsTextDataWrapInner><p>Net profit increased sharply to RM23.47 million or 1.35 sen per share for 4QFY22 from RM3.75 million or 0.22 sen per share a year ago, on the back of 33% growth in revenue to RM70.8 million from RM53.37 million, TMC’s latest stock exchange filing showed.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>For the full financial year ended June 30, 2022 (FY22), its annual net profit more than doubled to RM41.39 million from RM20.25 million in FY21, while revenue grew 21% to RM243.77 million from RM201.02 million.</p></div>

<div class=newsTextDataWrapInner><p>Going forward, the group, in which Johor crown prince Tunku Ismail Ibni Sultan Ibrahim owns a 7.6% stake, said the increased capacity in Thomson Hospital Kota Damansara and recovery of fertility business is expected to contribute positively to its growth.</p></div>

<div class=newsTextDataWrapInner><p>TMC’s share price went up one sen to 50.5 sen per share on Tuesday, giving it a market capitalisation of RM879.65 million.</p></div>


TMC Life Sciences Bhd net profit jumped over six times for the fourth quarter ended June 30, 2022 (4QFY22) driven by increased capacity and higher patient load.

The healthcare group, which is 70%-controlled by Singapore billionaire Peter Lim Eng Hock via Sasteria (M) Pte Ltd, declared a final dividend of 0.28 sen per share with ex-date on Dec 5 this year.

TMC Life Sciences 4Q profit jumps six times on higher capacity, patient load

THE 19th edition of The Edge Best Call Awards received an overwhelming number of submissions, with 135 nominations coming in for 96 stocks covered by analysts with 17 research outfits.

This is 93% of the total submissions we received for 2022 and 2023 put together. We received 73 nomina...

The Edge Best Call Awards 2024 

MORNING CALL: 14/1/25

(Jan 14): Oil held near a five-month high on threats to global supplies posed by harsher US sanctions against Russian flows and potential trade tariffs from the incoming Trump administration.

Oil holds near five-month high on rising risks to crude supplies

(Jan 13): A flagship coalition aimed at aligning the asset management industry with global climate goals said it was suspending its activities on Monday, days after BlackRock, the world's biggest investor, left amid a political backlash in the United States.

Investor climate group suspends activities after BlackRock exit

(Jan 13): Benchmark corn futures Cv1 on the Chicago Board of Trade hit their highest in a year on Monday and soybean futures Sv1 notched a three-month top on follow-through buying after the U.S. Department of Agriculture last week cut its estimates of the size of the U.S. 2024 crops, analysts said.

US corn futures hit one-year high after USDA tightens supply view

(Jan 14): Asian stocks look set for a bumpy ride after renewed dip buying on Wall Street fueled a rebound in some shares, reversing a selloff triggered by a recalibration of Federal Reserve wagers.

Asian shares look shaky as fed rate-cut hopes dim

(Jan 14): A renewed wave of dip buying fuelled a rebound in stocks, following a selloff triggered by a recalibration of Federal Reserve wagers.

US stocks stage rebound as dip buyers wade back in 

Ryanair Holdings plc pressed European authorities to limit the sale of alcohol at airports, renewing its call for a crackdown after a spate of costly passenger disruptions.

The Irish low-cost carrier said it backs a two-drink maximum at airports, citing an April 2024 incident that ended up costing Ryanair more than €15,000 (RM69,039).

Ryanair demands airport booze limits to deter unruly flyers

Hillcove Sdn Bhd, which was the largest shareholder of Sersol Bhd (KL:SERSOL), has disposed of its entire 13.67% stake in the chemical manufacturer.

Hillcove sold the stake, comprising 100 million shares, in an off-market deal on Jan 9, according to Sersol’s bourse filing on Monday. The filing did not indicate the transaction value.

Sersol's largest shareholder Hillcove sells entire stake to ED Mohamed Suffian

Southern Japan was hit by a strong earthquake on Monday that authorities said did not warrant the kind of megaquake warning that was triggered for the first time last year.

A quake with a preliminary magnitude of 6.9 struck the Kyushu region at 9.19pm (0019 GMT) on Monday, the Japan Meteorological Agency (JMA) said.

Southern Japan hit by strong quake near Nankai Trough region

<p>Here is a brief recap of some business news and corporate announcements that made the headlines on Monday.</p>


Gamuda, Yinson, YTL Power, Eden, Infomina, Kimlun, Solarvest, Sapura Energy, Apex Equity

<p>Sarawak Consolidated Industries Bhd (KL:SCIB) announced that the RM162 million contract to build civil servants housing project in Perak that it secured from Awana JV Suria Saga Sdn Bhd as part of a debt settlement has fallen through after the developer failed to fulfil a key condition precedent within the stipulated time frame.</p>


SCIB's RM162 mil civil servants housing project in Perak falls through after developer fails to meet condition

<p>The Semiconductor Industry Association (SIA) and Nvidia Corp, two prominent voices in the global chip industry, have criticised the US government’s new export curbs on artificial intelligence (AI) chips.</p>


Semiconductor Industry Association and Nvidia slam Biden administration’ new export controls on AI chips

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<p class="thumb-cap">E...

EVENING 5: Five things you need to know today

<p>A1 AK Koh Group Bhd, the Johor-based processed food and beverage (F&amp;B) manufacturer best known for its premix soup spices or meat ribs soup, is looking to raise fresh capital from a planned initial public offering (IPO) on the ACE Market of Bursa Malaysia.</p>


Premix soup maker A1 AK Koh Group files draft prospectus for ACE Market listing

<p>Cheeding Holdings Bhd, the utilities engineering solutions provider, is looking to raise capital from a planned initial public offering (IPO) on the ACE Market of Bursa Malaysia to repay bank borrowings, raise capital for capital expenditure and to be used for performance bonds for future projects.</p>


Cheeding Holdings files draft prospectus for ACE Market listing

<p>Hillcove Sdn Bhd, which was the largest shareholder of Sersol Bhd (KL:SERSOL), has disposed of its entire 13.67% stake in the chemical manufacturer.</p>

<p>Hillcove sold the stake, comprising 100 million shares, in an off-market deal on Jan 9, according to Sersol’s bourse filing on Monday. The filing did not indicate the transaction value.</p>


<p>(Jan 14):&nbsp;Asian stocks look set for a bumpy ride after renewed dip buying on Wall Street fueled a rebound in some shares, reversing a selloff triggered by a recalibration of Federal Reserve wagers.</p>


<p>Police have the authority to check a person’s mobile phone if there is suspicion or information suggesting he or she has committed a crime.</p>

<p>Inspector-General of Police Tan Sri Razarudin Husain said that this is stipulated under Section 23 (1) of the Criminal Procedure Code, to ensure the absence of obscene or offensive content and threatening communication.</p>


IGP: Police can conduct mobile phone checks based on reasonable suspicion

<p>Southern Japan was hit by a strong earthquake on Monday that authorities said did not warrant the kind of megaquake warning that was triggered for the first time last year.</p>

<p>A quake with a preliminary magnitude of 6.9 struck the Kyushu region at 9.19pm (0019 GMT) on Monday, the Japan Meteorological Agency (JMA) said.</p>


<p>(Jan 14): A renewed wave of dip buying fuelled a rebound in stocks, following a selloff triggered by a recalibration of Federal Reserve wagers.</p>


<p>Crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed higher on Monday, extending its gains from last Friday.</p>

<p>Fastmarkets Palm Oil Analytics senior analyst Sathia Varqa said the gains were supported by sharply higher related vegetable oils futures on the Dalian Commodity Exchange, reinforced by the idea of tight supplies resulting from poor weather conditions, and the recent Malaysian Palm Oil Board (MPOB) data for December.</p>


CPO futures extend gains driven by stronger vegetable oil market in China

<p>The Abu Dhabi Investment Authority (ADIA) will play a crucial role in the transformation and execution of Malaysia Airports Holdings Bhd's (MAHB) privatisation deal, said Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz.</p>


Abu Dhabi Investment Authority to play crucial role in MAHB transformation — Tengku Zafrul

<p>Selgate Corp Sdn Bhd, through its healthcare arm, Selgate Healthcare Sdn Bhd, has signed a Memorandum of Understanding (MOU) with MTT Properties and Development Sdn Bhd to build a private specialist hospital in Balik Pulau, Penang.</p>

<p>Selgate Corp group chief executive officer Datuk Noor Hisham Mohd Ghouth said the Selgate Specialist Hospital Pulau Pinang is targeted to be ready by 2028 and would add about 172 beds and offer 31 specialities to its healthcare operations.</p>


Selgate, MTT to develop Balik Pulau's maiden private specialist hospital

<p>The Malaysia Digital Economy Corporation (MDEC) has embarked on an initiative to accelerate small and medium-sized enterprises' (SMEs) digital transformation nationwide, starting with the northern state of Penang.</p>


MDEC launches initiative to speed up SME digital transformation across Malaysia

<p>Harvest Miracle Capital Bhd (KL:HM), whose share price shot up 61% over the past three weeks, announced that its rights issue of 1.23 billion shares has been oversubscribed by 20.24%.</p>

<p>The company raised fresh capital of RM98.43 million from the cash call. Half of the amount raised will be invested in the money lending business while the remaining RM49.27 million will be used to pay off Aset Kayamas Sdn Bhd for the acquisition of the Genting Antara service apartment project in 2022. &nbsp;</p>


Harvest Miracle’s rights issue oversubscribed; raises RM98.43 mil

<p>Malaysia is keen to position Pakistan as a strategic distribution hub for palm oil exports to Central Asia, capitalising on the country's strategic location and its proximity to emerging high-growth markets, the Malaysian Palm Oil Board (MPOB) said.</p>


Malaysia to position Pakistan as palm oil hub for Central Asia — MPOB

<p>Ryanair Holdings plc pressed European authorities to limit the sale of alcohol at airports, renewing its call for a crackdown after a spate of costly passenger disruptions.</p>

<p>The Irish low-cost carrier said it backs a two-drink maximum at airports, citing an April 2024 incident that ended up costing Ryanair more than €15,000 (RM69,039).</p>


<p>South Malaysia Industries Bhd (KL:SMI) is challenging the Securities Commission&nbsp;Malaysia's (SC) decision to allow the appointment of six new directors nominated by a company that is seeking to take over SMI before the offer document has been dispatched, alleging that the regulator's decision had breached takeover rules designed to protect minority shareholders.</p>


SMI takes SC to court over board appointments amid takeover bid

<p>Logistics service provider Xin Hwa Holdings Bhd's (KL:XINHWA) cargo transport unit has resumed normal operations after the suspension of its goods vehicle operator licence, which was in place for over two months since November last year, was lifted. &nbsp;</p>

<p>The company’s wholly owned Xin Hwa Trading &amp; Transport Sdn Bhd (XHTT) is now fully operational under its reinstated licence, Xin Hwa said in a filing with Bursa Malaysia on Monday.&nbsp;</p>
