Page 39 - Group Bhd News Today

KNM Group Bhd has proposed a private placement of 10% of its share capital to raise up to RM53.46 million, nearly five months after its private placement of 30% share capital was rejected by shareholders in June.

Bursa Malaysia extended its losses to settle lower at midday on Tuesday on lack of fresh catalysts.

PETALING JAYA: As the orders for its apparel business returned to pre-pandemic level, PCCS Group Bhd recorded a net profit of RM1.8mil in the second quarter ended Sept 30.

KUALA LUMPUR: KNM Group Bhd's wholly owned subsidiary KNM Process Systems Sdn Bhd has signed a RM20.7mil contract with Keppel Shipyard Ltd for the supply of a pressure vessel.

Bursa Malaysia ended sharply lower with selling pressure seen across the board as investors reacted negatively to the one-off prosperity tax tabled during Budget 2022, dealers said.

OVER the last 10 years, technology companies around the world have attracted significant investor interest. Companies like Apple and Microsoft have become the world’s largest companies by market capitalisation.

A reintroduction of the goods and services tax (GST) could have a negative impact on the telco industry with Digi.com Bhd being the most affected, followed by Maxis Bhd and Axiata Group Bhd, according to RHB Research in a note to clients on Friday (Oct 29). The research firm said the reintroduction of the GST in 2023 would further compound the weakness in the prepaid market as prepaid subscribers are likely to claw back or reduce their usage.

WITH strong subscriber growth in fixed broadband, fixed-line players are expected to fare better than mobile operators in 2021, according to equity analysts.

PETALING JAYA: ACO Group Bhd, one of Malaysia’s largest distributors of electrical products, is pursuing opportunities in clean energy as demand rises on the back of increasing emphasis on environmental sustainability.

Based on corporate announcements and news flow on Tuesday, companies in focus on Wednesday (Oct 13) may include Genting Malaysia Bhd, AirAsia Group Bhd, IJM Plantations Bhd, Kuala Lumpur Kepong Bhd, MY EG Services Bhd, Axiata Group Bhd, Digi.Com Bhd, Ni Hsin Group Bhd, Tan Chong Motor Holdings Bhd, CN Asia Corp Bhd, Boustead Heavy Industries Corp Bhd, Lion Industries Corp Bhd, Jade Marvel Group Bhd and Bintulu Port Holdings Bhd.