KUALA LUMPUR (March 8): Based on corporate announcements and news flow today, companies in focus on Tuesday (March 9) may include: Bintai Kinden Corp Bhd, Chin Hin Group Bhd, Hextar Global Group Bhd, TFP Solutions Bhd, Favelle Favco Bhd, MCE Holdings Bhd, Datasonic Group Bhd, Magni-Tech Industries Bhd and Complete Logistics Services Bhd.
Bintai Kinden Corp Bhd’s wholly-owned subsidiary Kejuruteraan Bintai Kindenko Sdn Bhd has bagged a RM9.78 million contract from Tenaga Nasional Bhd (TNB) to undertake the asset replacement and refurbishment for transformer, earthing transformer and reactor to PMU 275/33 KV Grik.
Chin Hin Group Bhd has acquired a 31.2% stake in kitchen cabinet manufacturer Signature International Bhd for RM93.6 million cash or RM1.17 per share. Chin Hin group managing director Chiau Haw Choon said the acquisition is in line with its objective of acquiring strategic stakes in companies with potential for future growth.
KUALA LUMPUR (March 8): Safian Mohd Yunus has emerged as a substantial shareholder of Datasonic Group Bhd after acquiring 30 million shares in the technology group via Hallmark Epitome Sdn Bhd.
The acquisition raised Safian’s shareholding in the group to 142.5 million shares or a 5.43% stake, according to a filing with Bursa Malaysia.
Safian is an alternate director of Datasonic.
Datasonic recently teamed up with a Vietnamese company to bid for various e-passport and other information and communications technology (ICT) projects in Vietnam.
This came after it announced that it will be the ICT technology partner for the Vietnamese firm Pham Gia Ecocon Plus Vietnam Co Ltd in any technology projects.
KUALA LUMPUR (Feb 24): Based on corporate announcements and news flow today, companies in focus tomorrow (Feb 25) may include: Telekom Malaysia Bhd, VSTECS Bhd, Vitrox Corp Bhd, D&O Green Technologies Bhd, Rubberex Corp Bhd, Allianz Malaysia Bhd, Press Metal Aluminium Holdings Bhd, Inari Amertron Bhd, Aeon Co (M) Bhd, Genting Plantations Bhd, Parkson Holdings Bhd, DRB-Hicom Bhd, Hap Seng Plantations Holdings Bhd, Globetronics Technology Bhd, Dayang Enterprise Holdings Bhd, Datasonic Group Bhd, UOA Development Bhd, Prestar Resources Bhd, Tek Seng Holdings Bhd, Majuperak Holdings Bhd, AirAsia Group Bhd, Destini Bhd and LKL International Bhd.
Telekom Malaysia Bhd (TM) returned to the black in the fourth quarter ended Dec 31, 2020 (4QFY20) registering a net profit of RM259.44 million from a net loss of RM51.09 million recorded a year earlier due to lower operating costs and net other gains, the telco said. The improvement in its bottom line was despite the fact that TM saw its revenue f