Shipping players have been facing rough financial seas, owing to global and regional economic uncertainties in recent years. Despite this, Shin Yang Shipping Corp Bhd has sailed through on the wave of resilience while growing its bottom line.

In the financial year ended June 30, 2018 (F...

Highest growth in profit after tax over three years: TRANSPORT & LOGISTICS: Shin Yang Shipping Corp - Rides out industry storm

Amid an intensely competitive business landscape, Tasco Bhd has shone by virtue of successfully defending the returns of its shareholders despite biting the bullet to venture into new business areas.

In the three-year period under review, the company’s share price has fluctuated but rem...

Highest Returns to Shareholders over three years: TRANSPORT & LOGISTICS: Tasco - Defends shareholder returns despite growing pains

Pressure has been piling up on multiple fronts for Complete Logistic Services Bhd in recent years, but the integrated logistics player has successfully grown its bottom line despite an increasingly competitive landscape.

From a profit after tax (PAT) of RM910,000 in the financial year e...

Highest growth in profit after tax over three years: TRANSPORT & LOGISTICS: Complete Logistic Services - Defends bottom line despite growing pressure

Harbour-Link Group Bhd took home The Edge Malaysia Centurion Club corporate award for highest return on equity (ROE) for the transport sector.

The shipping, marine, integrated logistics, engineering and construction outfit was established in 2002. It consolidated all of the group’s busi...

Highest return on equity over three years: TRANSPORT & LOGISTICS: Harbour-Link Group - Strikes the right chord

Penang-based JHM Consolidation Bhd, which makes microelectronics components (MECs), walked away with the award for highest returns to shareholders over three years in the technology sector.

The company designs and develops MECs that are used in sub-segments of the electronic component i...

Highest Returns to Shareholders over three years: TECHNOLOGY: JHM Consolidation - A big fish in a small pond

KESM Industries Bhd has come a long way from a small set-up in Kepong, Kuala Lumpur. Co-founded by Singaporean Samuel Lim Syn Soo in 1978, the company is today the world’s largest independent burn-in and test service provider.

Burn-in is a semiconductor manufacturing process used to wee...

Highest growth in profit after tax over three years: TECHNOLOGY: KESM Industries - Riding the wave of automotive semiconductors

The stellar earnings performance of Elsoft Research Bhd over the past few years can probably be attributed to its consistent investment in research and development (R&D) activities.

The company’s policy of putting aside 10% of its revenue annually for such activities has certainly t...

Highest return on equity over three years: TECHNOLOGY: Elsoft Research - Consistent investment in R&D bearing fruit

Investors optimistic about growth in the industrial asset space may have noticed Atrium Real Estate Investment Trust (REIT), whose manager wants to double its asset base to RM1 billion within two years.

Atrium REIT Managers Sdn Bhd CEO Chan Kum Chong told reporters in June that the REIT...

Highest Returns to Shareholders over three years: REIT: Atrium REIT - Industrial REIT eyeing RM1 billion mark

Amanah Harta Tanah PNB (AHP), a real estate investment trust (REIT) that owns and manages commercial properties such as offices and retail space, has emerged as a winner at the inaugural The Edge Malaysia

Centurion Club Corporate Awards for its commendable earnings performance.

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Highest growth in profit after tax over three years: REIT: Amanah Harta Tanah PNB - Lifted by rental growth despite challenging market

It is no secret that things have been tough in the retail sector, with Retail Group Malaysia revising downwards its focus retail sales growth forecast for this year to 4.4% from 4.9% previously, due to both the internal and external market environments.

Nevertheless, this has not slowed...

Highest return on equity over three years: REIT: Hektar REIT - Impressive returns amid sluggish retail sentiment

Not many may have realised that under- the-radar Kluang Rubber Co (M) Bhd was in a net cash position of RM267.9 million as at June 30, up from RM253.8 million a year ago, although the plantation company has not been spared from the impact of weak crude palm oil prices.

Kluang Rubber’s n...

Highest Returns to Shareholders over three years: PLANTATION: Kluang Rubber - Sitting pretty in net cash position

MHC Plantations Bhd is no new kid on the block. It has been around since 1960 and was listed on the then Kuala Lumpur Stock Exchange in November 2000. It is involved mainly in oil palm cultivation, the mining and selling of earth stones and the hospitality industry where it operates a hotel.
...

Highest growth in profit after tax over three years: PLANTATION: MHC Plantations - Expecting a boost from biogas plants

Sabah-based Innoprise Plantations Bhd is unlikely to be the first company to be mentioned when talking about the plantation sector, although it has been listed on the stock exchange for more than a decade.

The 50.22%-owned subsidiary of Yayasan Sabah made its debut on the Kuala Lumpur S...

Highest return on equity over three years: PLANTATION: Innoprise Plantations - Hidden gem among planters

PMB Technology Bhd, an associate company of Press Metal Aluminium Holdings Bhd, emerged as winner for the highest returns to shareholders in the industrial products and services sector in The Edge Malaysia Centurion Club Corporate Awards 2019.

Despite being much smaller in terms of mark...

Highest Returns to Shareholders over three years: INDUSTRIAL PRODUCTS & SERVICES: PMB Technology - Exceptional shareholders’ returns from a downstream aluminium specialist

The legal counsel for Segambut Member of Parliament Hannah Yeoh has filed an appeal in the Court of Appeal on Thursday challenging the High Court's decision to dismiss her defamation suit against former inspector general of police Tan Sri Musa Hassan.

Hannah Yeoh appeals dismissal of defamation suit against ex-IGP

Here is a brief recap of the business news and corporate announcements that made the headlines on Thursday.

TNB, Samaiden, Gadang, Aizo, MyMBN, YTL Power, Kawan Renergy, Taghill, BHIC, Teck Guan, CCK, Lebtech, Southern Cable

Wall Street's main indexes drifted lower in light trading volumes on Thursday, as rising yields pressured some shares, while investors looked for a year-end boost from the so-called Santa Claus rally.

Wall Street slips as rising yields pressure some shares 

Azerbaijan Airlines’ Embraer SA 190 aircraft was damaged by Russian air defence systems near Grozny before it crashed in Kazakhstan during an attempted emergency landing, according to Azerbaijan government-backed Caliber news website.

Azeri plane hit by Russian air defence before crash — report

YTL Power International Bhd (KL:YTLPOWR) said on Thursday that the Employees Provident Fund (EPF) has once again ceased to be a substantial shareholder in the multi-utility owner and operator after offloading 14.93 million shares.

EPF ceases to be substantial shareholder in YTL Power

Keyfield International Bhd (KL:KEYFIELD) has issued its maiden RM200 million Islamic bonds (sukuk) under its sukuk wakalah programme of RM1 billion.

Keyfield International issues maiden RM200m sukuk

The Taiping High Court has awarded RM1.8 million in damages to a former security guard who sustained a brain injury due to medical negligence during treatment following a motorcycle accident in 2016.

Court awards RM1.8 mil to ex-security guard over medical negligence

EVENING 5: Base electricity tariff for 2025-2027 to be adjusted upward, says TNB

Finnish authorities said they had boarded and taken control on Thursday of an oil tanker travelling from Russia, on suspicion it had caused the outage on Wednesday of an undersea power cable and three internet lines connecting Finland and Estonia.

Finland boards oil tanker after internet and power cable outages

Recurring applications for US unemployment benefits rose to the highest in more than three years, adding to signs that it is taking longer for out-of-work people to find a job.

US continuing claims rise to highest in more than three years

Peninsular Malaysia's base electricity tariff has been set at 45.62 sen per kilowatt hour (kWh) in the three-year regulatory period 2025-2027 (RP4), said Tenaga Nasional Bhd (TNB) (KL:TENAGA).&nbsp;

TNB announces higher base electricity tariff for 2025-2027, raises capex to ensure reliable supply

Petronas Chemicals Group Bhd (KL:PCHEM) could be close to its turning point, and investors should take position in its stock ahead of a rebound in the industry, said Kenanga Investment Bank.

Kenanga says Petronas Chemicals close to turning point, investors should take position ahead of rebound

THE government has given its blessing to Malaysian Resources Corp Bhd (KL:MRCB) for the redevelopment of Kuala Lumpur Sentral (KL Sentral) as it was the master developer of the transport hub connecting the Keretapi Tanah Melayu Bhd (KTMB) train service, Light Rail Transit, KLIA Transit and Rapid ...

Cover Story: Why MRCB was the choice for KL Sentral redevelopment

Shares of SNS Network Technology Bhd (KL:SNS) rose 17.5% in active trade on Thursday amid broader gains in the sector following the Christmas Eve rally of US technology stocks.

SNS Network rises 17% in highly active trade

Southern Cable Group Bhd (KL:SCGBHD) has bagged a contract worth RM172.57 million to supply cables and conductors.

Southern Cable gets RM173m supply contract

Tenaga Nasional Bhd (KL:TENAGA) said on Thursday that its unit has been shortlisted by the Energy Commission (EC) to develop a 500-megawatt (MWac) large-scale solar photovoltaic (PV) plant in Kuala Muda, Kedah.

TNB among LSS5 winners, bags 500MW solar farm project in Kedah

Malaysia’s automotive sector will have to contend with weaker sales of non-national cars&nbsp;amid intensifying competition, while the industry grapples with easing backlog orders, RHB Investment Bank flagged.

Malaysia's auto sector to see intensifying competition among non-national brands, says RHB IB

SP Manufacturing, an electronics manufacturing services company founded and headquartered in Singapore, has announced its expansion into Senai, Johor.&nbsp;

S'pore-based SP Manufacturing expands into Johor with new facility, acquisition of Ideal Jacobs Corporation

The Penang government is granting a 100% exemption from quit rent and parcel rent penalty arrears to all land and parcel owners in the state who make payments for the two taxes from Jan 2 to Feb 28, 2025.

Penang grants exemption from land, parcel tax penalty arrears from Jan 2 to Feb 28

The Ministry of Energy Transition and Water Transformation (Petra) has announced that the Green Electricity Tariff (GET) programme will continue into 2025, maintaining current premium rates while introducing discounted long-term subscription packages to boost renewable energy adoption.

Energy ministry: Current green electricity tariff rates retained, cheaper long-term packages introduced

Bird's nest processor MyMBN Bhd (KL:MBN) said the government has imposed a temporary suspension on the export of bird's nest products to China following the discovery of the Newcastle disease in Malaysia.

MyMBN says bird's nest exports to China suspended due to Newcastle disease

Elon Musk’s deputy Steve Davis has spent more than 20 years helping the billionaire cut costs at businesses like SpaceX, the Boring Company and Twitter — making the engineer by training a natural choice for his new role at Musk’s Department of Government Efficiency, or DOGE for short.

Elon Musk’s go-to cost-cutter is working for DOGE 

Alibaba Group Holding Ltd agreed to merge its South Korean operations with E-Mart Inc’s e-commerce platform to better compete in the country’s fast-paced online retail sector.

Alibaba, E-Mart to create US$4 bil e-commerce JV in Korea

Selangor remained the top destination for investments so far this year, as the state drew in RM66.8 billion in approved investments.

Selangor top destination for investments, draws in RM66.8b in January to September

Jinjiang Group, a contractor for Chinese electric vehicle (EV) maker BYD, said on Thursday Brazilian authorities' portrayal of their employees as "enslaved" was inconsistent with the facts and that there were translation misunderstandings.

BYD contractor denies its construction site employees 'enslaved'

CCK Consolidated Holdings Bhd (KL:CCK), a retail chain store and supermarket operator in Sabah and Sarawak, has declared its first-ever special dividend of five sen per share for the financial year ending Dec 31, 2024 (FY2024), payable Jan 22, 2025.

CCK Consolidated declares first-ever special dividend of five sen

Telegram and Tencent’s WeChat have begun the process of obtaining the requisite licence to operate their platforms in Malaysia next year, according to regulator Malaysian Communications and Multimedia Commission (MCMC).

Telegram, WeChat begin licensing process in Malaysia, as MCMC urges others to follow suit

Bursa Malaysia Bhd on Thursday issued a consultation paper seeking public feedback on the proposed amendments to the Rules of Bursa Malaysia Depository Sdn Bhd as it moves towards further digitisation in the issuance of securities account statements to depositors (CDS statements).

Bursa Malaysia seeks feedback on depository rules for electronic CDS statements

Boustead Heavy Industries Corp Bhd (KL:BHIC) has appointed former Royal Malaysian Air Force (RMAF) chief Tan Sri Roslan Saad as its independent non-executive chairman.

Boustead Heavy Industries names ex-air force chief as chairman

The World Bank raised on Thursday its forecast for China's economic growth in 2024 and 2025, but warned that subdued household and business confidence, along with headwinds in the property sector, would keep weighing it down next year.

The Edge Malaysia Centurion Club Corporate Awards 2019

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