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. Tan Chong Motor will undertake its LSS4 venture via a consortium comprising its two listed sister companies, APM Automotive Holdings Bhd . Except for Tan Chong Motor, Advancecon and MK Land, all shortlisted bidders won 50MW in LSS4 capacity each, which is the maximum capacity allowed for a single bidder. “Actual financial details of the individual LSS4 projects are still sketchy at this point, pending further disclosure by the respective companies. “As a ballpark figure, however, we estimate about RM11mil to RM13mil incremental annual Ebitda for the 50MW LSS4 assets, assuming a project ...

has been reaping benefits from the Don Sahong power plant, it will continue to push for more earnings growth from its core businesses. PublicInvest Research said the group’s packaging division would be the key growth driver in the next three years and better sales growth in the limestone business would be seen amid anticipation of strong economic recovery. “To cope with increasing demand, the 60%-owned Hexachase Group is currently seeing aggressive capacity expansion for its paper bag and flexible packaging capacities, which are expected to increase by 200% and 100%, respectively. “The...

Mi Equipment Holdings Bhd group CEO & executive director Oh Kuang Eng. THE Top 40 Richest in Malaysia list for 2020 saw the entries of new tech billionaires from five companies, as they became beneficiaries of the China-United States trade tensions as well as a Covid-19 pandemic-induced electronic equipment demand surge, as lockdowns forced people to work from home. Net worth is computed based on the closing share price of the companies as at Dec 31,2020. It is worth noting that Penang is the base for four of the five new tech companies on the list, with the exception of Melaka-based D&O Gree...

Malaysia’s super-rich, hard hit by the market following the outbreak of Covid-19, saw billions being wiped out of their fortunes. On the other hand, entrepreneurs involved in the making of rubber gloves minted more money, while new billionaires emerged from the tech manufacturing sector as shares of their companies soared in 2020. THE outbreak of the Covid-19 pandemic in 2020 has delivered a brutal hand to the country’s economy, bringing unprecedented challenges to the general public and corporate sector. And if this may offer some consolation amid the plunging values of your retirement a...

is expected to post a strong set of results for its financial year ended Dec 31,2020 (FY20) on the back of higher availability factor, despite some margin pressure coming from the resources and packaging segments due to freight-related issues, said PublicInvest Research. The availability factor for the company’s Don Sahong hydropower station in Laos in the fourth quarter of FY20 is expected to be higher than the third quarter of FY20’s 92.2%, given the higher water level during the wet period. The availability factor of a power plant is the percentage of the time that it is available to ...