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

(Nov 26): Republican President-elect Donald Trump says he plans to fundamentally alter the U.S. relationship with NATO during his second four-year term and rapidly bring the war in Ukraine to a close.

On the campaign trail, he floated sending armed forces into Mexico to battle drug...

Trump's foreign policy: rethink NATO, troops to Mexico, end Ukraine war

Here is a brief recap of some corporate announcements that made news on Monday.

IJM, RHB Bank, Affin Bank, Mr DIY, PetDag, KLCCP Stapled Group, S P Setia, IOI Properties, MPI, Hong Leong Industries, Gas Malaysia, Solarvest, Ho Hup Construction, Haily

The Umno supreme council has revoked the suspension of former Pasir Salak MP Datuk Seri Tajuddin Abdul Rahman’s membership in Umno with immediate effect.

Tajuddin reinstated as Umno member after suspension lifted

SKP Resources Bhd, one of the Malaysian suppliers of British consumer goods company Dyson Ltd, said on Monday it is mindful of significant credit concentration risk that may arise from a major customer and is continuously seeking to diversify its customer base, as it reported a 26.89% year-on-year jump in its second quarter net profit on higher revenue.

Dyson supplier SKP Resources says it's seeking to diversify customer base as 2Q profit jumps 

Funds managed by Blackstone Inc agreed to invest US$3.5 billion (RM15.63 billion) to create a joint venture with EQT Corp, enabling the US natural gas producer to reduce its debt.

Blackstone, EQT form US$3.5 bil gas pipeline venture

The benchmark S&P 500 and the blue-chip Dow hit intraday record highs on Monday while the Nasdaq also advanced, with Scott Bessent's nomination as Treasury secretary in the incoming Trump administration boosting investor sentiment.

S&P 500, Dow touch record highs as markets cheer Trump's Treasury pick

Taliworks Corp Bhd’s (KL:TALIWRK) net profit for the third quarter ended Sept 30, 2024 (3QFY2024) jumped 79.08% year-on-year to RM24.25 million from RM13.54 million a year ago, driven by higher revenue across all operating business segments.

Taliworks’ 3Q net profit up 79% on growth across board, toll compensation; pays two sen dividend

Gamuda Bhd (KL:GAMUDA), whose share price has more than doubled year-to-date (YTD), is among companies analysts are expect to be included in the FTSE Bursa Malaysia KLCI following the index’s semi-annual review.

Is KLCI inclusion on the cards for 99 Speed Mart?

The government does not intend to allow vehicles owned by non-citizens to enjoy the RON95 subsidy, said the Ministry of Economy.

The ministry said the move was in line with the government’s objective to strengthen the country’s fiscal positition as stated in the 12th Malaysia Plan (12MP).

Economy Ministry says govt will not allow non-citizen vehicles to enjoy RON95 subsidy 

The flood situation in Terengganu has continued to improve, with the number of evacuees declining, while figures in Johor and Kelantan remain unchanged as of 8pm on Monday.

Number of flood victims drops in Terengganu, unchanged in Johor and Kelantan

Some 647.13 million shares in Affin Bank Bhd (KL:AFFIN) representing a 26.96% stake were traded off-market on Monday.

Bloomberg data showed that the shares were sold in eight tranches for RM1.78 billion. The blocks of shares were transacted between RM2.46 and RM2.84 per share, representing a discount of between 17% and 4.05% over Affin Bank’s last closing price of RM2.96 in the open market on Monday.

Affin Bank sees 27% stake traded at a discount in off-market deals valued at RM1.78 bil

Radium Development Bhd (KL:RADIUM) said it is acquiring 13 acres of&nbsp; leasehold land in Cheras — which will be used for mixed development — for RM458 million.

Radium Development buys 13-acre land in Cheras for RM458m

Here is a brief recap of some corporate announcements that made news on Monday.

Petronas Dagangan Bhd's (KL:PETDAG)&nbsp;net profit jumped 81.4% year-on-year&nbsp;to RM335.13 million for the third quarter ended Sept 30, 2024 (3QFY2024), from RM184.72 million previously, on the back of strong margins supported by favourable price&nbsp;trends, coupled with a decrease in overall product costs due to lower purchase premium.

PetDag's 3Q net profit jumps 81% on strong margins amid favourable MOPS price, pays 24 sen dividend

<div class="ceonothumb mx-auto pb-5">
<div>
<div class="iframe-w100-wrapper"><iframe allowfullscreen="" frameborder="0" height="500" src="https://www.youtube.com/embed/gLuN3Dlay8s?si=EJn8MQBYV-CAV27h&amp;rel=0&amp;autoplay=1&amp;mute=1" width="840"></iframe></div>
</div>

E...

EVENING 5: Five things you need to know today

KPJ Healthcare Bhd (KL:KPJ) reported a 6.24% dip in its third quarter net profit from a year ago, despite revenue breaching RM1 billion for the first time, following the disposal of its Indonesian operations.

KPJ reports record revenue but lower 3Q profit on absence of one-off disposal gain

SKP Resources Bhd, one of the Malaysian suppliers of British consumer goods company Dyson Ltd, said on Monday it is mindful of significant credit concentration risk that may arise from a major customer and is continuously seeking to diversify its customer base, as it reported a 26.89% year-on-year jump in its second quarter net profit on higher revenue.

Donald Trump's transition team is putting together a wide-ranging energy package to roll out within days of his taking office that would approve export permits for new liquefied natural gas (LNG) projects and increase oil drilling off the US coast and on federal lands, according to two sources familiar with the plans.

Trump prepares wide-ranging energy plan to boost gas exports, oil drilling — Reuters

Solarvest Holdings Bhd (KL:SLVEST) posted a 28.1% rise in net profit to RM9.2 million for its second quarter ended Sept 30, 2024 (2QFY2025), from RM7.2 million a year earlier, driven by improved margins from its commercial and industrial segment, supported by a reduction in solar panel costs.

Solarvest posts 28% rise in 2Q net profit on improved margins

Global airfares are set to become more expensive in 2025 even as gains moderate, according to an American Express Global Business Travel Group Inc forecast, with ticket prices reflecting higher costs and lingering supply-chain disruptions.

Global airfares set to rise yet again in 2025, Amex report says

(Nov 25): Lawmakers in the US House of Representatives have asked Treasury Secretary Janet Yellen to rethink ties with Hong Kong's banking sector, the Wall Street Journal reported on Monday.

Hong Kong has turned into a hub for many violations of US trade controls, including expor...

US lawmakers say Hong Kong is becoming hub for financial crime — report

Hong Leong Industries Bhd (KL:HLIND) said its net profit rose 60.3% to RM140.56 million in the first quarter ended Sept 30, 2024 (1QFY2025), from RM87.67 million a year ago, mainly driven by higher motorcycle sales and a RM12.6 million gain from a land disposal.

Hong Leong Industries says 1Q profit rose on higher motorcycle sales, declares 25 sen dividend

The Ministry of Transport (MOT) will review a proposal requiring senior citizens aged 65 and above to undergo competency and health assessments before renewing their&nbsp;driving licences.

MOT to study proposal requiring senior citizens to undergo assessments before licence renewals, says Loke

(Nov 26):&nbsp;Republican President-elect Donald Trump says he plans to fundamentally alter the U.S. relationship with NATO during his second four-year term and rapidly bring the war in Ukraine to a close.

On the campaign trail, he floated sending armed forces into Mexico to battle drug...

The benchmark S&amp;P 500 and the blue-chip Dow hit intraday record highs on Monday while the Nasdaq also advanced, with Scott Bessent's nomination as Treasury secretary in the incoming Trump administration boosting investor sentiment.

ITMAX System Bhd (KL:ITMAX) reported a 35.6% jump in its net profit for the quarter ended Sept 30, 2024 (3QFY2024), as its revenue climbed 48.54% year-on-year.

ITMAX 3Q net profit jumps 36% to RM22.42 mil, revenue up 49%

Semiconductor packaging and testing services provider Malaysian Pacific Industries Bhd (KL:MPI), a unit of Hong Leong Group, said it is anticipating a challenging operating environment ahead, even as it reported a near doubling of its net profit for its first quarter spanning July to September this year.

MPI warns of challenging outlook even as July-September profit nearly doubles

Building support services provider KJTS Group Bhd (KL:KJTS) said its third-quarter net profit fell 46.4% year-on-year despite a higher revenue, due to an increase in administrative expenses.

KJTS 3Q net profit drops 46% as administrative expenses increase

IOI Properties Group Bhd’s (KL:IOIPG) net profit fell 60.3% in the first quarter from a year earlier, no thanks to higher interest expense.

IOI Properties posts weaker 1QFY2025 net profit as interest expense eats into margins

Haily Group Bhd (KL:HAILY) said it has secured a RM115.1 million contract, its largest this year, for the construction of residential units in Johor Bahru.

The Edge Malaysia Centurion Club Corporate Awards 2023

‌‌

‌
‌