KUALA LUMPUR (March 10): Based on corporate announcements and news flow today, companies in focus on Thursday (March 11) may include Press Metal Aluminium Holdings Bhd, MNC Wireless Bhd, Genetec Technology Bhd, Hartalega Holdings Bhd, Alcom Group Bhd, UMW Holdings Bhd, Malaysia Airports Holdings Bhd, Censof Holdings Bhd, UEM Sunrise Bhd, Bermaz Auto Bhd, Chin Hin Group Property Bhd, Vizione Holdings Bhd and SEG International Bhd.
Press Metal Aluminium Holdings Bhd has proposed to undertake a bonus issue of 4.04 billion new ordinary shares on the basis of one bonus share for every one existing share held on an entitlement date to be announced later. The group said the bonus issue is in line with the group s objective of rewarding its shareholders, apart from cash dividends.
MAHB aims to fully implement airport queue management system at KLIA critical touchpoints by June
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(MAHB) recorded a net loss of RM685.02mil in the fourth quarter ended Dec 31,2020, versus a net profit of RM29.51mil a year ago.
The airports operator said revenue in the quarter dove 80.4% to RM263.64mil from RM1.34bil in the fourth quarter of 2019, as the Covid-19 lockdowns continued to disrupt air travel operations.
In the same quarter, the group was also hit by a RM500.4mil impairment in Istanbul Sabiha Gökçen International Airport’s (ISG) concession rights.
However, core operational expenses decreased 38% compared to the previous corresponding quarter due to cost containment initiatives during the period.
MAHB said Malaysia and Qatar operations recorded pre-tax losses of RM448.1mil and RM200,000 respectively as compared to pre-tax profits in the year-ago quarter.