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

Kenanga Investment Bank Bhd’s (KIBB) two consecutive years of bumper earnings, fuelled by strong trading volumes in the stock market, helped it score a hat-trick at The Edge Malaysia Centurion Club Corporate Awards 2022.

The country’s largest independent investment bank won in 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: FINANCIAL SERVICES: Kenanga Investment Bank Bhd - Bumper earnings helped score hat-trick

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

Shareholders’ return is one of the metrics used to measure the success of a company, as one of the main objectives of the management is to provide good returns for the money invested by shareholders.

In the logistics sector, from financial year 2019 (FY2019) to FY2021, Tasco Bhd stood o...

Highest Returns to Shareholders over three years: TRANSPORT & LOGISTICS: Tasco Bhd - Continuing to keep shareholders happy

When ACE Market-listed Microlink Solutions Bhd announced plans to transfer its listing to the Main Market on July 12, its market capitalisation had stood at RM608.93 million as its shares had closed at 57 sen. About one month later, the stock was hovering near 60 sen apiece, valuing the company, which develops software for the banking industry, at a little over RM641 million.

Highest Returns to Shareholders over three years: TECHNOLOGY: Microlink Solutions Bhd  - A beneficiary of digitisation push

REDtone Digital Bhd, a home-grown provider of telecommunications and digital infrastructure services, started out in 1996 as a provider of voice services and made its debut on the ACE Market in 2004 as REDtone International Bhd.

Now a subsidiary of Berjaya Corp Bhd, REDtone be...

Highest return on equity over three years & Highest growth in profit after tax over three years: TELECOMMUNICATION, MEDIA & UTILITIES: REDtone Digital Bhd - Commendable double-digit earnings growth

Like many other businesses, property developers were badly hit by the Covid-19 pandemic that started in early 2020. While buyers postponed their purchases due to economic uncertainties, development projects faced delays due to the various movement restriction orders that were imposed by governments all over the world to curb the spread of the pandemic, which caused severe disruptions to global supply chains.

Highest return on equity over three years: PROPERTY: Paramount Corp Bhd - Returns boosted by divestment gains

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

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

Deleum Bhd is one of a handful of locally listed upstream oil and gas services equipment (OGSE) companies that have continuously recorded returns to shareholders, even throughout the period of lower-for-longer oil prices that was prevalent in most of the last decade’s second half, following the c...

Highest return on equity over three years: ENERGY: Deleum Bhd - Buffered from oil shocks by a solid power and machinery segment

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

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 

South Korean authorities arrested impeached President Yoon Suk Yeol on Wednesday over insurrection allegations, with the embattled leader saying he agreed to comply with investigations to avoid "bloodshed", ending weeks of tense political standoff.

South Korean investigators arrest impeached President Yoon, ending weeks-long standoff

(Jan 15): Surging yields are spurring at least a few blue-chip companies to delay US bond sales, a sign of how falling Treasury prices are rippling into other markets.

Ten companies sold $11.7 billion of high-grade bonds in the US on Monday, but at least a few borrowers elected to ...

Surging yields ripple into corporate bonds, delaying sales

(Jan 15): Donald Trump’s inauguration promises to usher in an era of upheaval in global commerce, forcing governments around the world to scramble in preparation for a tariff onslaught, even before he’s back in the White House.

World readies for Trump tariffs even before his White House return

U Mobile Sdn Bhd will likely struggle to roll out Malaysia’s second 5G network, pushing the company to even consider a merger, said Hong Leong Investment Bank (HLIB).

U Mobile will struggle to roll out second 5G network, may even consider merger — analysts

SAN FRANCISCO (Jan 14): A half-dozen trade groups from the semiconductor and manufacturing industries sent a private letter to US President Joe Biden, complaining that new export controls expected this week were rushed through without consulting them.

Chip industry groups slam expected rules in private letter to Biden

South Korea's jobless rate jumped to the highest in 3½ years in December, as political turmoil stoked economic uncertainty and dampened sentiment, data showed on Wednesday, a day ahead of the central bank's first monetary policy meeting of the year.

South Korea jobless rate hits 3½-year high amid political uncertainty

China’s quest to feed itself has taken it as far as Kenya’s macadamia nut groves and Bolivia’s cattle ranches, as part of a push in recent years to diversify food sources away from traditional Western suppliers.

China is scouring the globe in search of new food suppliers

MORNING CALL: 15/1/25

WASHINGTON/HAVANA (Jan 14): The Biden administration said on Tuesday that it would remove Cuba from its terrorism blacklist, while Cuba said separately that it would release upward of 500 prisoners from its jails, dual announcements poised to reshape US-Cuba relations just days before Donald Trump takes office.

Biden looks to relax Cuba sanctions in final days before Trump

Oil prices will be under pressure over the next two years as global production growth outpaces demand, the US Energy Information Administration (EIA) said on Tuesday in its Short-Term Energy Outlook report.

EIA expects oil prices to be under pressure from oversupply in 2025, 2026

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Salaries in Malaysia projected to increase by 5% in 2025 — Mercer

South Korean authorities arrested impeached President Yoon Suk Yeol on Wednesday over insurrection allegations, with the embattled leader saying he agreed to comply with investigations to avoid "bloodshed", ending weeks of tense political standoff.

Loft Orbital raised US$170 million (RM765.89 million) in a funding round that will help the space infrastructure startup increase launch frequency and compete for contracts against aerospace juggernauts like Northrop Grumman and Lockheed Martin Corp.

Space firm Loft Orbital raises US$170 mil to scale up launches

(Jan 15): At least eight major distressed Chinese firms, including a China Evergrande Group unit, are set to defend themselves in court cases relating to their debt problems over the next two weeks, in one of the busiest stretches ever for such hearings.

Distressed Chinese companies face flurry of court hearings

(Jan 15):&nbsp;Asian stocks were poised for a steady open following a tepid US session, as traders await key inflation data that may shed light on the path of US Federal Reserve rates over the coming months.

Asian traders tread with caution ahead of US CPI data

U Mobile Sdn Bhd will likely struggle to roll out Malaysia’s second 5G network, pushing the company to even consider a merger, said Hong Leong Investment Bank (HLIB).

Meta Platforms Inc is cutting roughly 5% of its staff through performance-based eliminations and plans to hire new people to fill their roles this year, according to an internal memo sent to all employees.

Meta to slash roughly 5% of staff, targetting lowest performers

Malaysia must embark on a digital transformation within its economic and financial sectors, prioritising areas such as blockchain and cryptocurrency to remain at the forefront of the digital age, said Prime Minister Datuk Seri Anwar Ibrahim.

Malaysia must embrace digital transformation to stay ahead, says Anwar

Malaysia’s unique position has helped the country to chart economic policies which are comprehensive and sustainable, said Prime Minister Datuk Seri Anwar Ibrahim.

He said Malaysia is fortunate as it is politically stable despite being multi-cultural, multi religious, multi-racial, and it is probably among the most peaceful country in the region and is also among the fastest growing economies in the world.

Malaysia’s unique position helps to chart economic policies which are comprehensive, sustainable

The Malaysian Anti-Corruption Commission (MACC) and the Federal Bureau of Investigation (FBI) will increase cooperation to address the challenges in combatting corruption crimes at regional and international levels.

MACC, FBI enhance cooperation to combat corruption

Russia’s seaborne crude exports were stable ahead of the toughest sanctions yet imposed on its oil sector in response to Moscow’s 2022 invasion of Ukraine.

But flows could be hit in the coming weeks after the US took measures on Friday against two of the country’s top exporters and about 160 oil tankers, as well as key traders, insurers and a Chinese company that facilitated the unloading of a cargo from a previously sanctioned ship.

Russian crude shipments hold steady before sanctions hit

SAN FRANCISCO (Jan 14): A half-dozen trade groups from the semiconductor and manufacturing industries sent a private letter to US President Joe Biden, complaining that new export controls expected this week were rushed through without consulting them.

Nato countries will deploy frigates, patrol aircraft and naval drones in the Baltic Sea to help protect critical infrastructure and reserve the right to take action against ships suspected of posing a security threat, alliance members said on Tuesday.

Nato to deploy ships, aircraft in Baltic Sea after cable breaches

MEXICO CITY (Jan 14): Chipmaker Intel Corp said on Tuesday that it will separate its venture capital and investment arm, Intel Capital, into a standalone company, to focus on enhancing efficiency across the business.

Intel to spin off its venture capital arm

French Prime Minister Francois Bayrou on Tuesday opened the door to renegotiating a disputed pension reform in a bid to win over left-wing lawmakers he needs to pass the 2025 budget.

Bayrou's concession underlined the scale of France's political turmoil as he prepared to spend his first weeks in office reworking the hard-won 2023 pension reform under pressure from the left, which threatens to topple his government otherwise.

French PM opens door to renegotiating Macron's pension reform

NEW YORK (Jan 14): Elon Musk was sued on Tuesday by the US Securities and Exchange Commission (SEC), which accused the world's richest person of waiting too long to disclose in 2022 that he had amassed a large stake in Twitter, the social media company he later bought.

US SEC sues Elon Musk over late disclosure of Twitter stake

The cost of road repairs due to floods following the Northeast Monsoon (MTL) has reached RM101.57 million, said Works Minister Datuk Seri Alexander Nanta Linggi.

He said it involved road repair costs in the states of Peninsular Malaysia totalling RM45.37 million covering periodic repairs of pavement, periodic non-pavement, bridges and traffic lights as well as street lights.

Cost of road repairs due to floods exceeded RM100 mil — Nanta

(Jan 15):&nbsp;Donald Trump’s inauguration promises to usher in an era of upheaval in global commerce, forcing governments around the world to scramble in preparation for a tariff onslaught, even before he’s back in the White House.&nbsp;

China’s quest to feed itself has taken it as far as Kenya’s macadamia nut groves and Bolivia’s cattle ranches, as part of a push in recent years to diversify food sources away from traditional Western suppliers.

South Korea's jobless rate jumped to the highest in 3½ years in December, as political turmoil stoked economic uncertainty and dampened sentiment, data showed on Wednesday, a day ahead of the central bank's first monetary policy meeting of the year.

The Edge Malaysia Centurion Club Corporate Awards 2022

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