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Overseas Funds Are Loving Malaysia Glove Stocks Again After Selloff
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Overseas Funds Are Loving Malaysia Glove Stocks Again After Selloff
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KUALA LUMPUR (April 5): Press Metal Aluminium Holdings Bhd said today a fire incident occured on Saturday (April 3) at its 80%-owned subsidiary Press Metal Bintulu Sdn Bhd s (PM Bintulu) smelting plant in Sarawak. In a Bursa Malaysia filing today, Press Metal, however, did not specify the cause of the fire, which occurred at 4.30am at PM Bintulu’ plant within the Samalaju Industrial Park in Bintulu.
Press Metal said PM Bintulu is principally engaged in the manufacturing of aluminium products. The fire incident occurred at the new Phase 3 operations of the Samalaju Smelter, which is primarily under commissioning; and damaged one smelting pot out of the total of three hundred smelting pots located at the plant. Other existing production facilities at the Samalaju Smelter were not affected and are running as normal. The fire did not cause any harm to any persons,” Press Metal said.
EIGHT of Malaysia’s top 10 richest tycoons based on Forbes’ 2020 billionaires list earned a whopping RM1.99 billion worth of dividends from the recently announced financial results for the quarter ended Dec 31, 2020, according to their known shareholdings in Bursa Malaysia-listed firms.
Among them, Public Bank Bhd founder Tan Sri Dr Teh Hong Piow is expected to receive the biggest dividend payout totalling RM668.18 million from his shareholdings in the bank and insurer LPI Capital Bhd.
Public Bank, the third-largest banking group in the country by asset size, declared an interim dividend of 13 sen (payable on March 22) for the fourth quarter of financial year 2020 (4QFY2020) ended Dec 31, 2020. Public Bank also undertook a four-for-one bonus share issue to reward shareholders last year, which enlarged the number of Public Bank’s outstanding shares to 4.2 billion.
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.
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