BusinessToday's Trending Stories
DNeX Unit Ping, Adds Three New Licenses To Its North Sea Portfolio
Dagang NeXchange Berhad announced that Ping Petroleum UK PLC a business unit under the Company’s energy division held via DNeX Energy Sdn. Bhd., which in turn is a wholly-owned subsidiary of the Company had increased its North Sea portfolio with the addition of three licenses to its North Sea portfolio.
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Petronas, Jera Conduct Study On Entire CCS Value Chain Between Japan And Malaysia
PETRONAS, through its subsidiary PETRONAS CCS Solutions Sdn Bhd (PCCSS), recently signed a Joint Study Agreement with JERA Co., Inc, to evaluate the feasibility of the entire carbon capture and storage (CCS) value chain including separation and capture of carbon dioxide (CO₂) emitted by JERA in Japan, cross-border transportation, and CO₂ storage in Malaysia.
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VS Industry – Staggered Recovery Ahead; CGS Says Hold On Lack Of Re-Rating Catalysts
VS Industry Bhd’s (VSI) 2QFY24 core net profit fell by 47% yoy to RM16.0m on the back of weaker revenues (-22% yoy), attributed to substantial order cuts from Customer X and sustained weakness from Customer Y.
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EdgePoint Partners Celcom Timur To Provide Last-Mile Infra In Sabah
EdgePoint Towers Sdn Bhd, part of EdgePoint Infrastructure has partnered with Celcom Timur Sabah to provide last-mile infrastructure, as part of their commitment to enhancing connectivity in East Malaysia.
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Banks – Potential Pullback In Loan Growth; CGS Reaffirms Overweight Call
The banking industry’s loan growth continued to trend upward, expanding by 0.1% pt mom to 5.8% yoy at end-Feb 24.
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Agmo, MSC Trustgate Tie Up To Enhance Security Features In e-Invoices
Agmo Holdings Berhad (Agmo) through its subsidiary – Jom eInvoice Sdn. Bhd. (JomeInvoice) inked a Memorandum of Understanding with MSC Trustgate.com Sdn. Bhd in efforts to enhance e-Invoicing solutions in Malaysia as businesses navigate the complexities of digital transactions.
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TH Declares 3.1% Profit Distribution Amounting To RM2.72 Billion
Tabung Haji announced a 3.1 percent profit distribution after zakat for the 2023 financial year, which was the same rate set the previous year.
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Johor Plantation Receives SC Nod For Main Market Listing
Johor Plantations Group Berhad formerly known as Johor Plantations Berhad announced that it had obtained approval from the Securities Commission Malaysia to list on the Main Market of Bursa Malaysia Securities Berhad.
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Parkson Secures A 15-Year Tenancy For China Asset Worth RM37 Million
Partkson Retail Group has provided update to the tenancy agreement the group has secured between Guizhou Shenqi Parkson Retail Development Co., Ltd. an indirect 60% owned subsidiary of Parkson Retail Group Limited, Guizhou Longgang Commercial Operation Management Co., Ltd., an indirect wholly-owned subsidiary of Guizhou Shenqi Enterprise Co., Ltd., and Guizhou Yuncui Property Management Co., Ltd. in respect of the sub-lease of Basement Level 1, and Level 1 to Level 4 in Longgang International Center, 117 Zhonghua Middle Road, Guiyang City, Guizhou Province, the PRC for a term of up to 15 years and 7 months.
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Cypark Net Loss Could Widen But FY25 Looks Promising
Main Board listed Cypark Resources Berhad’s 9MFY24 core net loss of MYR21.4m was sizeable relative to Maybank IB’s/consensus’ FY24E net loss forecast of MYR24m/9m on lower contribution from waste management & WTE and slower-than-expected recognition of construction operations.
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