Integrated chemical and lubricant distributor Samchem Holdings Bhd, which was recognised as the best company with a market capitalisation of under RM1 billion at The Edge Malaysia Centurion Club Corporate Awards 2022 and named Centurion of the Year, started as a small chemical distributor in 1989.

Highest growth in profit after tax over three years: INDUSTRIAL PRODUCTS & SERVICES: Samchem Holdings Bhd - Beating the odds with focus and agility

Keeping the recovery momentum by building long-term resilience, prioritising sustainability

The Edge Malaysia Centurion Club Corporate Awards, the brainchild of The Edge Media Group...

Recognising the toughest and grittiest companies under RM1 bil

CB Industrial Product Holding Bhd (CBIP), an integrated engineering, equipment and spare parts provider to the palm oil milling sector, is riding high on the commodity boom that has pushed crude palm prices to slightly above RM7,000 — the highest level at which the edible oil has been traded....

Highest growth in profit after tax over three years: INDUSTRIAL PRODUCTS & SERVICES: CB Industrial Product Holding Bhd - Riding the commodity boom

CI Holdings Bhd, whose major shareholder is former second finance minister Datuk Seri Johari Abdul Ghani, is principally involved in the manufacturing and packaging of edible oils. It is also in the trading and manufacturing of water taps and plumbing accessories.

Highest Returns to Shareholders over three years: CONSUMER PRODUCTS & SERVICES: CI Holdings Bhd - A pivotal venture that continues to pay off, bolstered by commodity price surge

After multiple lockdowns since the outbreak of the pandemic, SEG International Bhd (SEGi), which operates the SEGi Group of Colleges, welcomed students back to its campuses in mid-October 2021.

Highest return on equity over three years: CONSUMER PRODUCTS & SERVICES: SEG International Bhd - Riding the crest of changing times

Trading and distribution outfit Harrisons Holdings (Malaysia) Bhd, which has close to 85% of its business in the fast-moving consumer goods (FMCG) sector that is resilient to the effects of the pandemic, has been registering steady revenue and gross profit margin growth over the years. This resulted in the group posting net profit growth each year.

Highest growth in profit after tax over three years: CONSUMER PRODUCTS & SERVICES: Harrisons Holdings (Malaysia) Bhd - Growing steadily in a resilient sector

In realising its vision of enabling people to be healthier, Kotra Industries Bhd has also made its shareholders wealthier over the past three years.

Malaysia’s leading pharmaceutical group scored a hat-trick in The Edge Malaysia Centurion Club Corporate Awards 2022, clinching all three ...

Highest return on equity over three years & Highest growth in profit after tax over three years & Highest Returns to Shareholders over three years: HEALTHCARE: Kotra Industries Bhd - Solid pre-pandemic growth buffers Covid-19 headwinds

Insas Bhd, a diversified group that wholly owns stockbroking firm M&A Securities Sdn Bhd, did particularly well in the financial year ended June 30, 2021 (FY2021), thanks to a retail boom in the stock market.

Its net profit that year jumped 1,525% to RM242.2 million from RM14.9 mill...

Highest growth in profit after tax over three years: FINANCIAL SERVICES: Insas Bhd - Riding on market sentiment

Car upholstery specialist Pecca Group Bhd, which was listed on Bursa Malaysia in 2016, is principally engaged in the styling, manufacturing, distribution and installation of leather upholstery for the automotive and aviation industries. Its major customers include Perusahaan Otomobil Kedua Sdn Bh...

Highest Returns to Shareholders over three years: INDUSTRIAL PRODUCTS & SERVICES: Pecca Group Bhd - Car upholstery specialist surpasses itself

The years 2020 and 2021 were certainly the highlights of Comfort Gloves Bhd’s history, as it broke multiple records in these two years.

The glove manufacturer’s revenue exceeded the RM1 billion mark for the first time and profit soared to the highest ever when global demand reached unpr...

Highest return on equity over three years: INDUSTRIAL PRODUCTS & SERVICES: Comfort Gloves Bhd - A chapter of excellent performance 

At the end of April last year, iron ore — the key ingredient to make steel — hit a record high of US$193.85 per tonne on the S&P Global Platts Iron Ore Index, surpassing the previous high of US$193 that was recorded on Feb 15, 2011, during the commodity boom then. At the same time, both the I...

Highest growth in profit after tax over three years: INDUSTRIAL PRODUCTS & SERVICES: CSC Steel Holdings Bhd - Capitalising on strong demand

Despite how challenging the past three years have been for businesses, UOA Real Estate Investment Trust (REIT) — a commercial REIT that invests in office buildings — managed to outperform its peers and won the Highest Growth in Profit After Tax (PAT) Over Three Years under the REIT sector at The ...

Highest growth in profit after tax over three years: REIT: UOA REIT - New, strategically located assets bolstered occupancy rates, profits

In contrast to the majority of players in the property sector that have seen declining share prices over the past three years, HCK Capital Group Bhd has bucked the trend.

Highest Returns to Shareholders over three years: PROPERTY: HCK Capital Group Bhd - Share price bucks the trend

YX Precious Metals Bhd, a 70%-owned subsidiary of Tomei Consolidated Bhd, has proposed to transfer its listing from the ACE Market to the Main Market of Bursa Malaysia as it has met the profit requirements for the transfer.

In a bourse filing, the gold jewellery wholesaler and manufacturer said it has also satisfied the Securities Commission Malaysia (SC) and Main Market listing requirements on financial position, public shareholding spread and Bumiputera equity.

YX Precious Metals proposes to transfer listing from ACE Market to Main Market

(April 19): Oyo Hotels is in talks to raise up to US$450 million via dollar bonds, a person familiar with the matter said, as the once-high-flying Indian startup seeks to replace an existing high-cost loan amid delays in its stock-market debut.

Softbank-backed Oyo eyes US$450 mil bond sale for refinancing

CIMB Thai Bank PCL’s net profit for the first quarter ended March 31, 2024 (1QFY2024) dropped 24.6% year-on-year to 626.1 million baht from 830.1 million baht, as it reported lower operating income and higher expenses.  

The group recorded an 8.4% drop in operating income and an 11.8% increase in operating expenses. The effects of these were partially offset by a 36.9% decline in expected credit loss, according to CIMB Thai president and chief executive officer Paul Wong Chee Kin in a statement. CIMB Group Holdings Bhd has a 94.83% interest in CIMB Thai.

CIMB Thai's 1Q earnings drop 24.6% as operating income falls while opex climbs

KUALA LUMPUR (April 19): Ten individuals suspected of being involved in the case related to an Israeli man who was charged with possessing bullets and trafficking guns, were rearrested under the Security Offences (Special Measures) Act 2012 (Sosma).

Israeli man’s case: 10 individuals rearrested under Sosma

Fitters Diversified Bhd has landed a subcontract worth RM26.1 million from a unit of IJM Corp Bhd for fire protection services at the compound of a four-storey logistics hub, including its parking and ancillary buildings, in Shah Alam, Selangor.

Fitters Diversified bags RM26.1 mil fire protection services job

HPP Holdings Berhad slipped into the red in the third quarter ended February 29, 2024 (3QFY2024) for the first time since its listing on the ACE market in January 2021, mainly due to commission payments of RM520,000 and a one-time compensation payment of RM400,000 million to foreign workers, in line with the group's adherence to its zero recruitment fee policy.

It posted a net loss of RM62,200 in 3QFY2024 compared to a net profit of RM1.53 million in the previous corresponding quarter, resulting in a loss per share of 0.16 sen for 3QFY2024 compared to earnings per share of 0.39 sen for 4QFY2023.

HPP Holdings posts first-ever quarterly loss of RM62,200 since listing

KUALA LUMPUR (April 19): M&A Equity Holdings Bhd announced that an individual by the name of Siti Nur Aishah Ishak has become a substantial shareholder of the stockbroking firm, after acquiring a 0.13% stake in the company.

Siti Nur Aishah emerges as substantial shareholder of M&A Equity

The mandatory general offer (MGO) for the remaining 34.1% stake in Pan Malaysia Holdings Bhd (PM Holdings), launched by property developer Exsim Group's founders, the Lim brothers, concluded on Friday with acceptances for only 35,997 shares received.

No change in Lim brothers' stake as Pan Malaysia Holdings' MGO concludes

Sapura Energy Bhd said trading in its shares has been suspended at the company's request pending a material announcement.

The suspension took effect from 2.30pm on Friday, Sapura Energy said in an exchange filing, fueling speculation in the market on what the announcement could be.

Trading in Sapura Energy suspended pending announcement

The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended lower on Friday due to persistent weakness in the soybean oil market on the Chicago Board of Trade, said a dealer.

Palm oil trader David Ng noted that market sentiment has been influenced by concerns regarding the anticipated surge in output over the coming weeks, which is perceived as exerting pressure on the market

CPO futures end lower due to weaker soybean futures

Sapura Energy Bhd said trading in its shares has been suspended at the company's request pending a material announcement.

The suspension took effect from 2.30pm on Friday, Sapura Energy said in an exchange filing, fueling speculation in the market on what the announcement could be.

Most read this week - Stay up to date with the biggest news and latest trending topics by checking out the top 10 articles of the week. 

Most read this week

MKH Oil Palm (East Kalimantan) Bhd’s initial public offering (IPO) has been oversubscribed by 8.43 times, ahead of its listing on the Bursa Malaysia Main Market on April 30.&nbsp;

Main Market-bound MKH Oil Palm’s IPO oversubscribed by 8.43 times

The planned merger of Axiata Group Bhd, Malaysia’s largest telecommunications company by revenue, with India’s Bharti Airtel Ltd raises concerns as the latter's subsidiary Airtel Lanka is currently a loss-making company, analysts said.

Malaysia’s Axiata merger with Bharti Airtel of India raises earnings concern — analysts

Financial services provider MIDF has reported a recent cyber security incident to relevant authorities and is collaborating closely with them on addressing the matter.

In a brief statement issued on Friday, MIDF affirmed that it takes the cyber security incident seriously and reiterated its commitment to safeguarding the privacy and security of customers' information.

MIDF confirms cyber security incident

The escalating tensions in the Middle East have influenced market sentiment and shifted investors' emphasis to the energy, finance and plantation sectors, which helped boost the FBM KLCI higher by midday on Friday.

KLCI up 0.43% with focus on energy, plantation, financial stocks

Sime Darby Property Bhd, Malaysia’s biggest developer in terms of landbank, has secured commitment for the remaining 30% of its industrial development fund to close at RM1 billion.

Sime Darby Property gets commitment for balance 30% of RM1b industrial development fund

Kenanga Investment Bank has initiated coverage on soon-to-be listed oil and gas services firm Keyfield International Bhd at RM1.90 — reflecting a 111% premium over its IPO price of 90 sen per share — while giving it an “outperform” rating.

Kenanga sees Main-Market bound Keyfield International cashing in on OSV boom, sets target price at RM1.90

Automotive electronic parts manufacturer MCE Holdings Bhd has commenced the construction for its MCE Auto Hub, the company’s new manufacturing facility in Serendah, Selangor, with an initial investment of RM50 million for the first phase of the development.&nbsp;

MCE Holdings commences construction for RM50 mil manufacturing facility in Serendah 

PUTRAJAYA (April 19): Payment of fees&nbsp;for training or classes in esports, equestrian, swimming, motorsports and taekwondo is&nbsp;eligible for&nbsp;tax relief of up to RM1,000 from next year, said Youth and Sports Minister Hannah Yeoh.

Payment of fees for sports training eligible for tax relief from next year — Hannah

KUALA LUMPUR (April 19): Oil-and-gas services firm Yinson Holdings Bhd said on Friday that its indirect wholly owned subsidiary Yinson Production Offshore Pte Ltd (Yinson Production) has successfully placed a US$500 million five-year senior secured bond issue.

Yinson’s unit places US$500 mil five-year senior secured bonds

KUALA LUMPUR (April 19): Meta Bright Group Bhd is forming a joint venture company (JVco) with a Bumiputera firm to bid for renewable energy (RE) projects with a Bumiputera equity requirement.

Meta Bright forms JVco with Bumiputera firm for RE projects

Melaka State Secretary Datuk Zaidi Johari died of a heart attack this morning. He was 54.

According to a statement from the Melaka Chief Minister’s Office, Zaidi breathed his last at about 8.15am at Hospital Melaka here.

Melaka State Secretary Zaidi dies of heart attack

Batik Air will suspend its operations to Istanbul, Turkiye, effective May 1, 2024, and affected passengers will be notified via email and text, said the airline operator, Malindo Airways Sdn Bhd.

Batik Air to suspend operations to Istanbul from May 1

DUBAI/JERUSALEM (April 19): Explosions echoed over an Iranian city on Friday in what sources described as an&nbsp;Israeli attack, but Tehran played down the incident and indicated that it had no plans for retaliation — a response that appeared gauged towards averting region-wide war.

Tehran signals no retaliation against Israel after drones attack Iran

KUALA LUMPUR (April 19): theedgemarkets.com highlighted five stocks with momentum at Bursa Malaysia's afternoon close today. Four stocks displayed negative momentum while one stock displayed positive momentum

<h3>Stocks with negative momentum were:</h3>

<ul>
	<li>Kimlun Corp Bhd - unch...

Kimlun, Mclean, Poh Kong, Tomei, BM Greentech

Bursa Malaysia ended the week mixed on Friday with buying in selected heavyweights and commodity-related stocks amid the negative sentiment on regional markets, said an analyst.&nbsp;

Bursa ends mixed amid weak regional sentiment

EG Industries Bhd has secured a second letter of intent (LOI) from US-based Cambridge Industries Group (CIG) to produce a new 1.6 terabit optical signal transmitter and receiver for a 5G wireless network at EG Industries’ new smart factory 4.0 in Penang.

EG Industries expands partnership with US-based Cambridge Industries Group

Here’s a quick look at some of the stories that made headlines today.

EVENING 5: Five things you need to know today

KUALA LUMPUR (April 19): Construction company Lim Seong Hai Capital Bhd (LSH Capital) said it has obtained approval from its shareholders to transfer the group’s listing from the LEAP Market to the ACE Market of Bursa Malaysia Securities Bhd.

The Edge Malaysia Centurion Club Corporate Awards 2022

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