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Teo Seng sinks into the red on depressed prices of eggs amid Covid-19 spread

KUALA LUMPUR (Feb 9): Teo Seng Capital Bhd slipped to a net loss of RM2.13 million in the fourth quarter ended December 31, 2020 (4QFY20) from a net profit of RM13.62 million a year ago, due to the depressed selling prices of eggs caused by weak market demand as the pandemic continued to impact the sale of eggs to food and beverage outlets. Quarterly revenue fell 13.1% to RM118.53 million from RM136.39 million, its filing with Bursa Malaysia showed. For the full year ended December 31, 2020, the group’s net profit slumped 92.86% to RM4.2 million from RM58.84 million a year ago, while revenue dropped 12.49% to RM478.28 million from RM546.54 million.

Kuala lumpurTeo sengMovement controlTeo seng capital bhdBursa malaysiaMovement control ordersகுவாலா லம்பூர்டேயொ செங்இயக்கம் கட்டுப்பாடுடேயொ செங் மூலதனம் ப்ட்இயக்கம் கட்டுப்பாடு ஆர்டர்ஸ்

VIP Gloves Ltd defers completion of sale and leaseback of land and buildings in Malaysia

VIP Gloves Ltd defers completion of sale and leaseback of land and buildings in Malaysia
proactiveinvestors.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from proactiveinvestors.com.au Daily Mail and Mail on Sunday newspapers.

Hong kongSdn bhdMovement controlPurchase agreementMovement control ordersஹாங் காங்ஸ்டன் ப்ட்இயக்கம் கட்டுப்பாடுஇயக்கம் கட்டுப்பாடு ஆர்டர்ஸ்

Proactive Investors China - The web s leading portal for China stocks - VIP Gloves defers completion of sale and leaseback of land and buildings in Malaysia

2021-02-08 by Proactive Australia VIP Gloves Ltd (ASX:VIP) has agreed to defer completion of the sale of land and buildings in Malaysia to DC Glove Sdn Bhd and the subsequent leaseback for RM29 million (A$10.3 million). In line with a Sale and Purchase Agreement (SPA) dated January 16, 2020, completion was scheduled for January 20, 2021. However, due to the COVID-19 global pandemic, the Movement Control Orders in Malaysia and the lockdown in Hong Kong, both parties have agreed to defer completion. This process will now be reviewed in late February, and this is permitted under the SPA. The agreement and deferral do not impact current glove production or the company s glove line expansion program, which remains on track to be completed between late February and May 2021.

Hong kongSdn bhdGloves ltdMovement controlPurchase agreementMovement control ordersChina small capsSmall capsChina small capos fundInvest infoPenny sharesStock marketsStock exchangesSmall cap stocksFinancial newsMining news

With implementation of MCO 2 0, Malaysia s GDP growth seen to hover around 5%

With implementation of MCO 2.0, Malaysia s GDP growth seen to hover around 5% The Edge 4/2/2021 Arjuna Chandran Shankar © Provided by The Edge KUALA LUMPUR (Feb 4): Malaysia s gross domestic product (GDP) growth is expected to hover around 5% in 2021 due to the second Movement Control Order (MCO 2.0), which began on Jan 13 and is slated to end on Feb 18. At its Malaysia Economic Outlook and Construction Sector Briefing today, Affin Hwang Capital chief economist Alan Tan said the firm is looking a base case assumption of 6% GDP growth in 2021, following the low base effect of a 5% GDP contraction in 2020. Assuming if the MCO 2.0 were to drag on beyond Feb 18, the assumption would be that there would be some drag on the economy.

Kuala lumpurMovement control orderMovement controlMalaysia economic outlookConstruction sector briefingAffin hwang capitalJalan tanMovement control ordersகுவாலா லம்பூர்இயக்கம் கட்டுப்பாடு ஆர்டர்இயக்கம் கட்டுப்பாடுமலேசியா பொருளாதார ஔட்‌லுக்கட்டுமானம் துறை மாநாடுஆயின் ஹ்வ்யாஂக் மூலதனம்ஆலன் பழுப்புஇயக்கம் கட்டுப்பாடு ஆர்டர்ஸ்

Toyota and Honda temporarily cease production in Malaysia

Toyota and Honda temporarily cease production in Malaysia Ayisy Yusof © Provided by New Straits Times Japanese carmakers Toyota Motor and Honda Motor have temporarily stopped operations at several plants in Malaysia due to the enforcement of the second phase of the Movement Control Orders (MCO 2.0). REUTERS/Mike Blake/File Photo KUALA LUMPUR: Japanese carmakers Toyota Motor and Honda Motor have temporarily stopped operations at several plants in Malaysia due to the enforcement of the second phase of the Movement Control Orders (MCO 2.0). According to a report by Nikkei, Toyota halted its two assembly plants on Thursday and it was still unknown when the facilities will reopen.

Kuala lumpurMuhyiddin yassinHonda motorStraits times pressm bhdMovement control ordersToyota motorNew straits times japaneseFile photoOtomobil kedua sendirian bhdDaihatsu motorSoutheast asiaMinister tan sri muhyiddin yassinNew straits times pressகுவாலா லம்பூர்ஹோண்டா மோட்டார்இயக்கம் கட்டுப்பாடு ஆர்டர்ஸ்