Stay updated with breaking news from Scientex Bhd. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
KUALA LUMPUR: Impacted by disruptions to its operations and lower customer demand, Daibochi Bhd recorded a 22.7% drop in operating profit for the financial year ended July 31, 2021 (FY21), to RM52.2mil from RM67.5mil previously.
Scientex Bhd's net profit for the financial year ended July 31, 2021 (FY21) rose 17.2% year-on-year (y-o-y) to RM457.23 million from RM390.11 million on the back of a 3.9% rise in revenue to RM3.7 billion. In a bourse filing on Wednesday, Scientex attributed the record revenue to stable packaging demand and higher sales of affordable homes in Malaysia.
PETALING JAYA: After facing disruptions in business due to Covid-19 restrictions, Able Global Bhd (AGB) is back on the growth track.
Easy access: The depressed share prices of public-listed companies due to Covid-19 have technically helped make it easier to carry out M&As. RECENT privatisation attempts which have failed to be completed have raised the issue of whether Malaysia’s takeover code is in need of a revamp. It is understood that some company owners and advisers have been grumbling about the strictness of the current rules. Their argument is that the rules ought to be relooked at considering that the current climate needs more merger and acquisition (M&A) activities to build stronger companies to emerge from the ...
KUALA LUMPUR (March 10): Affin Hwang Capital has downgraded its rating for Scientex Bhd to "hold" from "buy", as it expects further margin squeeze in the group’s manufacturing segment in the subsequent quarters. Its analyst Azhani Hashim said in a note today the flexible plastic packaging manufacturer’s core net profit of RM189 million for the six months ended Jan 31, 2021 (1HFY21) made up 42% of street’s and his full-year FY21 forecasts. “While the property segment recorded higher sales and progress billings, the manufacturing segment saw a 1.6 percentage point decline in earnings be...