KUALA LUMPUR (Dec 10): The first food and beverage (F&B) special purpose acquisition company (SPAC) listed on Bursa Malaysia, Red Sena Bhd, failed to shine on its debut and opened 21% or 10.5 sen lower than its offer price of 50 sen.

However, its warrants, which were issued free wit...

Red Sena makes muted debut

KUALA LUMPUR (June 22): Australia-listed mining firm OM Holdings Ltd (OMH), which made its debut on the Main Market of Bursa Malaysia today, rose as much as 35 sen or 13.62% to RM2.92. This is the first cross-listing on Bursa and the Australian Securities Exchange (ASX).

OM Holdings rises as much as 13.6% on Main Market debut

Aurelius Technologies Bhd (ATech), which debuted on the Main Market of Bursa Malaysia on Thursday (Dec 16), rose to a high of RM1.83 — a 47 sen or 34.56% premium over its initial public offering (IPO) of RM1.36.

Aurelius Technologies rises as much as 34.56% on morning of maiden trading day

Cardiff City Football Club’s (Cardiff City FC) board of directors said it is aware of an open letter from the Cardiff City Supporters’ Trust to Cardiff City FC owner Tan Sri Vincent Tan Chee Yioun and the board deems the open letter "unhelpful, inaccurate and disruptive” because the Cardiff City Supporters’ Trust was de-registered as a mutual organisation in the UK in 2016.

Cardiff City FC says Cardiff City Supporters’ Trust’s open letter to Vincent Tan 'unhelpful, inaccurate, disruptive' 

Hong Leong Bank Bhd (HLB) said Monday (May 30) that its net profit for the third quarter ended March 31, 2022 (3QFY22) rose 1.73% to RM784.8 million from RM771.47 million a year ago due to lower allowance for impairment losses on loans, advances and financing as well as higher share of profit from an associated company.

Hong Leong Bank’s 3Q net profit up marginally by 1.73% to RM784.8m on lower allowance for impairment losses

PublicInvest Research said on Monday (May 30) that it had derived a fair value of 34 sen for Unitrade Industries Bhd based on an 11 times price-earnings multiple to its 2023 forecast earnings per share of 3.1 sen. Unitrade Industries is en route for an ACE Market listing on June 14 with an initial public offering (IPO) price of 32 sen.

PublicInvest Research derives fair value of 34 sen for Unitrade Industries, 6% above IPO price

British American Tobacco (Malaysia) Bhd (BAT Malaysia) emerged as the top loser on Monday morning (May 30), falling as much as 58 sen or 4.54% to RM12.20, after its net profit for the first quarter ended March 31, 2022 (1QFY22) missed analysts' expectations.

BAT Malaysia emerges as top loser after 1Q net profit missed expectations

Bursa Malaysia said on Friday (May 27) the proprietary day traders short selling and intraday short selling of Power Root Bhd shares have been suspended as the instant coffee maker's share price dropped more than 15 sen or 15% from the reference price, which refers to the stock's closing price of RM1.69 on Thursday (May 26).

Bursa suspends Power Root short selling after price slump

Pestech International Bhd said Friday that its net profit for the third quarter ended March 31, 2022 (3QFY22) fell 54.5% to RM6.52 million from RM14.33 million in the same quarter last year, as revenue dropped on lower contribution from the rail division as most active projects are at their tail end while new ones are just starting.

The group’s revenue for 3QFY22 fell 16.26% to RM192.63 million from RM230.03 million in 3QFY21, its bourse filing showed.

Pestech’s 3Q net profit halves as revenue drops with active rail jobs nearing completion

theedgemarkets.com highlighted four stocks with momentum at Bursa Malaysia's afternoon close on Friday (May 27, 2022). Three stocks displayed positive momentum, while one showed negative momentum.

Tan Siew Mung

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Tan Siew Mung

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