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KUALA LUMPUR, Jan 11 — Bursa Malaysia opened higher but turned marginally lower thereafter, taking the cue from the mixed regional market performances amid improved overnight...
ANCOM Bhd is hoping to capitalise on a ban on paraquat use in Thailand and Brazil as it believes its products to be good substitutes and well accepted in those markets. After the toxic chemical was banned in Thailand and Brazil in 2020, a huge vacuum was created in the two big markets, observes Ancom group CEO Lee Cheun Wei. “Paraquat was banned in these countries because it was classified as class-1 poison. This is a favourable situation for us because we see tremendous opportunity in these replacement markets,” he tells The Edge in an interview.
PACIFIC & Orient Bhd (P&O) may be widely known as one of the country’s largest general insurers, but not many know there is a lot more to the group. It has a mere RM226 million in market capitalisation, and P&O managing director and CEO Chan Thye Seng believes his company’s shares are underappreciated. “The market cap of P&O is very small. Our shares are deeply undervalued, if you analyse the investments and asset value that we have in the listed company and non-listed companies. And that’s just investments. We haven’t even talked about the value of our insurance business, which we ...
IRIS Corp Bhd has snagged the much sought after contract for the RM1.16 billion National Integrated Immigration System (NIIS). The contract, which has a tenure of 4½ years or 54 months, is likely to be a game changer for the company. In a brief conversation with The Edge, CEO Shaiful Subhan clarified earlier speculation that the contract would be awarded to a consortium. “It (the award) is just to us, Iris, but of course, we will have subcontractors and we are open to partnerships,” he says. Shaiful was tight-lipped on the contract’s impact on Iris’ bottom line, saying only that, “...
The world went into real uncharted territories in 2020, starting with a pandemic no one had foreseen, and one the world had not experienced in decades. And while the subsequent slump in the equity markets was expected, the wild surge upwards as bulls dominated — including in Bursa Malaysia — was rather not, especially with the yet-to-dissipate shadows cast by the coronavirus. Moving forward, the availability of vaccines raises optimism of a better year ahead. The Edge contacted fund managers and analysts to tap their expertise in picking the stocks for 2021. Below is the list of stocks th...