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Denel lists highlights in otherwise bleak annual report

defenceWeb
Written by Guy Martin -
Denel is delivering 12 ex-SAAF Cheetahs to the United States.
When Denel finally published its 2019/20 annual report on 1 February the biggest news was its R1.952 billion net loss, but the company also highlighted progress on missiles, unmanned aerial vehicles and vehicle exports.
Former Interim Group CEO Talib Sadik noted that during 2019/20 Denel’s business divisions recorded several highlights. Denel Dynamics’ Cheetah counter rocket, artillery and mortar (C-RAM) missile development work for the year was successfully completed with the conclusion of the System Requirements Review. In addition to the approval of the system and subsystem requirement specifications, a programme management baseline was also reviewed and accepted. ....

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Trading ideas: Boustead, Bursa Malaysia, Bintai Kinden, TCS, Willowglen

are among the stocks to watch on Wednesday, according to JF Apex Research.
Lembaga Tabung Angkatan Tentera (LTAT) has decided not to pursue the privatisation of Boustead Holdings at this juncture, after taking into consideration the current challenging economic environment arising from the Covid-19 pandemic and the reimplementation of Movement Control Order.
Bursa Malaysia’s net profit in its 4QFY20 stood at RM104.85mil, up 130% from RM45.56mil a year earlier, while revenue went up 78% to RM230.7mil from RM129.33mil, as trading revenue grew significantly for the securities and derivatives markets segment.
Greatech Technology via its unit Greatech Integration (USA) Inc has teamed up with US-based company Atlis Motor Vehicles (ATLIS) to assist ATLIS develop an electric vehicle battery pack assembly production line at its headquarters located in Arizona. ....

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Bintai Kinden inks deal to supply cold chain boxes for vaccine storage, distribution

KUALA LUMPUR (Feb 2): Bintai Kinden Corp Bhd has signed an agreement to supply its cold chain boxes for the storage and distribution of Covid-19 vaccines.
In a bourse filing, the group said its 50.05%-owned subsidiary Bintai Healthcare Sdn Bhd (BHSB) had signed a memorandum of understanding (MoU) with SRT-EON Security Services Sdn Bhd for the latter to procure the Greenie Cold Chain Box from BHSB for the distribution of Covid-19 vaccines.
BHSB is the exclusive distributor in Malaysia, Saudi Arabia and the Philippines for the cold chain box and the non-exclusive distributor for other Southeast Asia countries. The move is part of SRT-EON’s expansion in the distribution of secured vaccines. ....

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Bintai Healthcare signs MoU with SRT-EON for supply of cold chain boxes

KUALA LUMPUR: Bintai Kiden Corp Bhd s 50%-owned subsidiary Bintai Healthcare Sdn Bhd has signed a memorandum of understanding with SRT-EON Security Services Sdn Bhd to supply the latter with Greenie Medi Cold Chain Box in the distribution and delivery of Covid-19 vaccines.
said in a filing with Bursa Malaysia the partnership with the security services company was to ensure the vaccines are secure and protected during the distribution of the vaccines.
The agreement will enable the parties to negotiate the terms and conditions wherein SRT shall procure the Greenie Cold Chain Box from Bintai Healthcare.
“The Greenie Cold Chain Box is to be used in logistics of medical goods. The product is designed for the exclusive use in transporting and storing medical products at very low temperatures. It keeps the inbox temperature at negative 70 degrees Celsius (-70℃) for up to 120 hours,” said Bintai Kinden managing director Ong Choon Lui. ....

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