Pharmaceutical group Kotra Industries Bhd emerged as the biggest winner at The Edge Malaysia Centurion Club Corporate Awards 2023, which honour the best-performing companies with a market cap of less than RM1 billion on Bursa Malaysia, by taking home four awards — including the Centurion...

Editor’s note: You’re ‘sexier’ than you think

A total of 33 public-listed companies  — with a market capitalisation of at least RM100 million but less than RM1 billion — took home 35 awards  in recognition of their outstanding financial performance in their respective fields at The Edge Malaysia Centurion Club Corporate Awards 2023 gala dinner on Sept 4.

Honouring the best 33 companies under RM1 bil

Melaka-based pharmaceutical group Kotra Industries Bhd was recognised by The Edge Malaysia Centurion Club Corporate Awards 2023 as the best overall performer among companies listed on Bursa Securities with a market capitalisation of at least RM100 million but less than RM1 billion, and named Centurion of the Year.

A consistent hat-trick scorer that continues to impress

Although car component and carpet maker Paragon Union Bhd has not rewarded shareholders through dividends for more than a decade now, the capital gains from its share price performance since late 2020 should keep them contented.

Shareholder change sparks hope for better performance ahead

Focus Point Holdings Bhd has weathered last year’s challenging economic landscape of high inflation and high interest rates with flying colours.

Profitability strengthens as consumer spending rebounds

Despite the challenges posed by the pandemic, the Ukraine-Russia geopolitical conflict and ensuing sanctions, as well as global inflationary pressures, market expansion services provider DKSH Holdings (M) Bhd has demonstrated resilience in navigating the economic turbulence.

Growing from strength to strength

Talk about a last lap sprint. TRC Synergy Bhd’s exceptional performance in the fourth quarter of the financial year ended Dec 31, 2022, helped the construction specialist clinch the award for Highest PAT Growth over Three Years for the construction sector in The Edge Malaysia Centurion Club Corporate Awards 2023.

Lifted by better margins, cost discipline

GDB Holdings Bhd is the winner of Highest ROE over Three Years for the construction sector in The Edge Malaysia Centurion Club Corporate Awards 2023 for the second year in a row, despite its three-year weighted ROE dropping to 15.6% for the FY2020-FY2022 evaluation period, as opposed to the 21.3% it achieved for the FY2019-FY2021 period that won it the same award last year.

Still a winner despite 8 Conlay setback

The construction sector has had a terrible run over the past few years, with the progress of construction projects severely hampered by multiple headwinds, from quarantine restrictions and labour shortages to surging building material costs as a result of the Covid-19 pandemic.

Prudent cost controls that built resilience

Propel Global Bhd, formerly known as Daya Materials Bhd, has been through several rounds of restructuring since 2018.

Successful turnaround spurs investor interest

The last year has been another stellar showing for Deleum Bhd, with the integrated upstream oil and gas (O&G) outfit posting its best bottom line in seven years, amid improved performance across all segments it operates in.

Another commendable year as O&G activity levels improve

Private equity investor OSK Ventures International Bhd added a feather to its cap as two of its investee companies, My Care Concierge and Involve Asia, gained international recognition this year.

Private investment portfolio drives gains

The last three years saw Kenanga Investment Bank Bhd (KIBB) generate some of its best annual earnings in a decade, owing to a surge in trading volumes in the stock market, particularly in 2020 and 2021.

Spike in trading activities led to record earnings, share rally

When it comes to stainless steel fasteners like screws, nuts and bolts, one may not immediately think of them as a billion-ringgit business, but Tong Herr Resource...

Record performance driven pent-up demand

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

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

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

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

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 

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'

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

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

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

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.

World Bank raises China's GDP forecast for 2024, 2025

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.&nbsp;

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

EVENING 5: Five things you need to know today

Teck Guan Perdana Bhd (KL:TECGUAN) said its third quarter net profit fell 34.3% to RM2.39 million from RM3.64 million a year ago, on lower revenue and a net loss on forward currency contracts amounting to RM4.33 million.

Teck Guan's 3Q net profit falls 34% on lower revenue, loss on forward currency contracts

Pan Merchant Bhd, a manufacturer of filters for solid liquid filtration and a provider of steel works and technical support services, is looking to raise capital from a planned initial public offering (IPO) on the ACE Market of Bursa Malaysia to expand its manufacturing plants, product development, business expansion and for working capital.

Pan Merchant files draft prospectus for ACE Market listing

A summary of how key Bursa Malaysia indices and the ringgit performed on Thursday.

FBM KLCI rises 0.67% to 1,613.70 on Dec 26, 2024

Kawan Renergy Bhd co-founder and managing director Lim Thou Lai has pared his stake in the ACE Market-listed engineering services firm to 67.03%.

Kawan Renergy MD Lim Thou Lai trims stake to 67%

China revised upwards on Thursday the size of its economy by 2.7%, but said the change would have little impact on growth this year, as policymakers pledged more stimulus to spur expansion in 2025.

China revises up 2023 GDP, sees little impact on 2024 growth

An Indonesian woman has applied for leave from the Federal Court to appeal against&nbsp;the Court of Appeal's (COA) decision, which dismissed her appeal seeking a court declaration that her second son is a Malaysian citizen.

The Edge Malaysia Centurion Club Corporate Awards 2023

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