KUALA LUMPUR: Companies recently making headlines include Gamuda, MYEG, Ranhill Utilities, Chin Teck, Barakah, BAT, KNM, Sasbadi, Mitraya and Dnex, said Apex Securities.
Gamuda Bhd
has inked a joint venture (JV) agreement with Sabah Energy Corporation Sdn Bhd and Kerjaya Kagum Hitech JV Sdn Bhd to form a JV company, UPP Holdings Sdn Bhd.
MyEG Services Bhd has received a three-year contract extension from the Road Transport Department (JPJ) of its appointment as a collecting agent for the provision of vehicle registration services, driver and vehicle licensing, and electronic payment of summons services.
Ranhill Utilities Bhd plans to team up with China Energy International Group Co Ltd (CEIG) for the proposed development of a public-private regional drinking water supply facility project in Indonesia.
Chin Teck Plantations Bhd’s net profit for the full year ended Aug 31, 2023 (FY2023) dropped 50.36% to RM53.37 million, compared with RM107.52 million in the previous year, underpinned by higher administrative expenses and lower revenue.
Practice Note 17 (PN17) company Barakah Offshore Petroleum Bhd's independent auditor has issued a disclaimer of opinion on the group's application of the "going concern" assumption in preparing its financial statements for the fiscal year ended June 30, 2023 (FY2023) despite incurring a net loss of RM4 million for the year.
British American Tobacco (Malaysia) Bhd’s (BAT Malaysia) net profit declined 20.89% to RM59.54 million or 20.9 sen per share for the third quarter ended Sept 30, 2023 (3QFY2023) compared with RM75.25 million or 26.4 sen per share in the previous year’s corresponding quarter as investment in tobacco heating and vapour products more than offset price adjustments — its first since 2018.
A day prior to its current deadline to submit its regularisation plan, PN17 outfit KNM Group Bhd has submitted an application to extend the submission deadline by a year.
Sasbadi Holdings Bhd narrowed its net loss to RM1.48 million in its fourth financial quarter ended Aug 31, 2023 (4QFY2023) from RM2.25 million a year earlier, largely due to a reduction in provision of inventories writedown whereby RM3.04 million was recognised in the current quarter compared with RM3.45 million recognised in 4QFY2022.
Mitrajaya Holdings Bhd’s unit, Pembinaan Mitrajaya Sdn Bhd accepted an RM84.5 million contract for the construction of a 31-storey block development in Mukim Batu, Kuala Lumpur.
Dagang Nexchange Bhd’s (DNeX) 90%-owned subsidiary Ping Petroleum Sdn Bhd has secured a contract from Petroliam Nasional Bhd (Petronas) in relation to the production of petroleum and abandonment of petroleum facilities.
