Versatile Creative News Today

Key Insights The projected fair value for Versatile Creative Berhad is RM0.57 based on 2 Stage Free Cash Flow to Equity...

The outlook for the local tech sector is turning brighter following the materialisation of the de-rating led by US interest rate hikes, appealing valuations after rounds of selldowns as a consequence of the de-rating, as well as the tapering off of Federal Reserve hawkishness and China’s “zero-Covid” stringency, says UOB Kay Hian Research.

KUALA LUMPUR (Dec 21): Based on corporate announcements and news flow today, companies that may be in focus tomorrow (Dec 22) may include: Mah Sing Group Bhd, Panasonic Manufacturing Malaysia Bhd, Bintai Kinden Corp Bhd, Kejuruteraan Asastera Bhd, Puncak Niaga Holdings Bhd, Greatech Technology Bhd, RHB Bank Bhd, Yi-Lai Bhd, Supermax Corp Bhd, Karex Bhd, ATA IMS Bhd, Fintec Global Bhd, Aeon Credit Service (M) Bhd, Gamuda Bhd, Versatile Creative Bhd and Deleum Bhd. Mah Sing Group Bhd’s sharehol...

KUALA LUMPUR (Dec 21): Versatile Creative Bhds largest shareholder NSK Trading Sdn Bhd has upped its stake in the printing and packaging solutions provider, which has triggered a mandatory takeover offer (MTO) for the remainder stake it does not own in the company. This came after NSK acquired an additional 15 million shares representing a 5.9% stake in Versatile Creative for RM10.5 million or 70 sen apiece via a direct business transaction. The acquisition raised the stake NSK held, together w...