THE earnings season for the fourth and final quarter of 2020 has yet to come to an end a one-month extension was given by the regulators as a temporary relief measure because of the Covid-19 pandemic but based on companies that have already submitted their reports, results are encouraging.
A quick look at 270 listed companies on Bursa Malaysia with a market capitalisation of RM500 million or more shows that 151 recorded an improvement in quarterly earnings while 119 reported a decline.
RHB Research, in a March 2 strategy note, describes the December 2020 quarter as encouraging, with 2021-2022 forecast core earnings still largely intact notwithstanding a last-minute RM2.83 billion global settlement provision by AMMB Holdings Bhd and excluding positive earnings revisions for rubber glove stocks.
From left: Aima Construction Sdn Bhd chairman Khor Ooi Min, Aima Construction Sdn Bhd managing director Khor Ken Yeon, Chin Hin Group Property Bhd executive director Chiau Haw Choon and Chin Hin Group Property Bhd chairman Datuk Seri Chiau Beng Teik. (CHGP) has proposed to acquire 45% stake in Aima Construction Sdn Bhd for RM31.5mil, aiming to transform into a major property and construction player in Malaysia.
It has inked a conditional share sale agreement with Uniplaza Sdn Bhd for the proposed acquisition of ordinary shares in Aima which would be fully satisfied via the allotment and issuance of up to 35.79 million new ordinary shares in CHGP at an issue price of 88 sen per share.
KUALA LUMPUR (March 10): Chin Hin Group Property Bhd (CHGP) is looking to diversify its business to include construction through the acquisition of a 45% stake in Aima Construction Sdn Bhd for RM31.5 million. The group is currently involved in the assembly and sales of new and rebuilt commercial vehicles and property development.
CHGP said the proposed acquisition will enable the group to tap into the construction industry, which is complementary to its existing property development business.
CHGP has entered into a conditional share sale agreement with Uniplaza Sdn Bhd for the proposed acquisition, which will be fully satisfied via issuance of up to 35.8 million new shares in CHGP at an issue price of 88 sen per share. The
KUALA LUMPUR (March 10): Based on corporate announcements and news flow today, companies in focus on Thursday (March 11) may include Press Metal Aluminium Holdings Bhd, MNC Wireless Bhd, Genetec Technology Bhd, Hartalega Holdings Bhd, Alcom Group Bhd, UMW Holdings Bhd, Malaysia Airports Holdings Bhd, Censof Holdings Bhd, UEM Sunrise Bhd, Bermaz Auto Bhd, Chin Hin Group Property Bhd, Vizione Holdings Bhd and SEG International Bhd.
Press Metal Aluminium Holdings Bhd has proposed to undertake a bonus issue of 4.04 billion new ordinary shares on the basis of one bonus share for every one existing share held on an entitlement date to be announced later. The group said the bonus issue is in line with the group s objective of rewarding its shareholders, apart from cash dividends.
Chin Hin Group buys 31% of Signature International phnompenhpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from phnompenhpost.com Daily Mail and Mail on Sunday newspapers.