Page 4 - Scientex Bhd News Today

KUALA LUMPUR (March 9): Based on corporate announcements and news flow today, companies in focus on Wednesday (March 10) may include: Malaysian Resources Corp Bhd (MRCB), Serba Dinamik Holdings Bhd, Kanger International Bhd, Top Glove Bhd, Star Media Group Bhd, KESM Industries Bhd, MMAG Holdings Bhd, Scientex Bhd, Media Prima Bhd, Komarkcorp Bhd, Daibochi Bhd and Complete Logistics Services Bhd.   Malaysian Resources Corp Bhd ( MRCB) is set to make its mark in New Zealand via a partnership wit...

PLASTIC packaging companies came under the spotlight last year as demand for plastic packaging-related products soared, spurred on by the change in consumption patterns of consumers across the globe as a result of the Covid-19 pandemic. However, the recent meteoric rise in the price of resin — a crucial material in plastic manufacturing — could halt the good run that plastic packaging manufacturers have enjoyed so far. While raw material prices are definitely a concern, some point to the we...

BURSA Malaysia-listed companies have realised how important it is to be cash rich when faced with an unexpected and severe situation like the Covid-19 pandemic. This is especially given the tough economic conditions the business community has had to weather in the past year, with lockdowns enforced in Malaysia and its major trading partners to contain the spread of the virus, bringing activities practically to a standstill. Many companies built up their cash positions in 2020 in anticipation of...

KUALA LUMPUR (Jan 12): The main index at Bursa Malaysia pared some of its losses after having dropped below the 1,600-point level in the morning session following the reinstatement of the Movement Control Order (MCO) in several states. The Yang di-Pertuan Agong Al-Sultan Abdullah Riayatuddin Al-Mustafa Billah Shah had today also consented to a proclamation of emergency for a period up to Aug 1, 2021, to contain Covid-19. The benchmark index pared its losses after Prime Minister Tan Sri Muhyiddi...

KUALA LUMPUR (Jan 12): The main index of Bursa Malaysia remained lacklustre today following the reinstatement of the movement control order (MCO) in several states. Yang di-Pertuan Agong Al-Sultan Abdullah Riayatuddin Al-Mustafa Billah Shah today also consented to the proclamation of emergency until Aug 1, 2021 to contain Covid-19. At 10am, the FBM KLCI had lost 10.77 points to 1,606.48. Market breadth was negative with 511 losers and 321 gainers, while 393 counters traded unchanged. Trading...

KUALA LUMPUR (Dec 29): AmInvestment Bank Research has maintained its “neutral” rating of the property sector, saying the circumstances would remain challenging in the next 12 months. In a sector report today, AmInvestment analyst Thong Pak Leng said even with most developers having achieved new sales targets, sales were down about 22% in the cumulative first nine months of 2020 (9M20), compared to the previous year, due to a lacklustre market amid the Covid-19 pandemic.  Developers were i...

KUALA LUMPUR (Dec 17): Based on corporate announcements and news flow today, companies that may be in focus on Friday (Dec 18) include: Latitude Tree Holdings Bhd, Metronic Global Bhd, My EG Services Bhd, Dutch Lady Milk Industries Bhd, Affin Bank Bhd, Eco World Development Group Bhd, Eco World International Bhd, VS Industry Bhd, Scientex Bhd, LKL International Bhd and Perak Corp Bhd. Latitude Tree Holdings Bhd has proposed a one-for-one bonus issue of up to 97.16 million new shares plus an emp...

The lack of local economic data releases this week may be offset by developments elsewhere in the country. In parliament this week, the Dewan Rakyat will continue to debate at the committee stage the Budget 2021 allocation for the defence, education and home ministries. Once voted upon, the budget will move to the Senate for the final vote. On Monday, at the Kuala Lumpur High Court, the hearing of the Malaysian government’s forfeiture bid to recover US$340.26 million (about RM1.4 billion) fro...