DiGi, MAHB, AAX, Pos Malaysia, Pharmaniaga, Scope Industries, Willowglen, CTOS Digital, BJCorp, Privasia and Kim Loong Resources

Home » DiGi, MAHB, AAX, Pos Malaysia, Pharmaniaga, Scope Industries, Willowglen, CTOS Digital, BJCorp, Privasia and Kim Loong Resources

KUALA LUMPUR (July 16) : Based on corporate announcements and news flow today, companies in focus on Monday (July 19) may include: Digi.Com Bhd, Malaysia Airport Holdings Bhd, AirAsia X, Pos Malaysia Bhd, Pharmaniaga Bhd, Scope Industries Bhd, Willowglen MSC Bhd, CTOS Digital Bhd, Berjaya Corp Bhd, Privasia Technology Bhd and Kim Loong Resources Bhd.

DiGi.Com Bhd’s net profit in the second quarter ended June 30, 2021 (2QFY21) dropped 2.82% to RM279.91 million from RM288.04 million last year, dragged by higher other expenses incurred in the quarter despite higher revenue. Quarterly earnings per share fell marginally to 3.6 sen from 3.7 sen, the telco’s filings showed. The group declared a dividend of 3.6 sen per share, bringing its dividends for the first half to seven sen per share, from 7.9 sen last year. Quarterly revenue rose 11.43% to RM1.62 billion from RM1.45 billion in 2QFY20, on improvements in mobile segment and device sales.

Malaysia Airport Holdings Bhd’s Istanbul Sabiha Gokcen International Airport (SGIA) in Turkey has moved towards normalisation after it breached the two million-mark of registered passengers in June for the first time since March 2020. The SGIA registered 2.24 million passengers last month following the easing border restrictions on June 10, MAHB said in its passenger traffic snapshot. The last time was in February 2020 with 2.63 million passengers registered. SGIA passenger snapshot averaged just under three million passengers per month in 2019. Meanwhile, MAHB’s airports at home saw 187,000 passengers in June, down 57.1% from 435,000 in the same month last year, amid declines in both KLIA and the other local airports MAHB operates.

The High Court has fixed Oct 27 for the hearing of AirAsia X Bhd and AAX Leasing Ltd’s application to set aside the foreign judgement obtained by its creditor BOC Aviation Ltd in the UK against the airlines to pay US$23.37 million (RM96.84 million) that is enforced in the Malaysian courts here. The case will be heard before Justice Datuk Ahmad Kamal Md Shahid. The hearing date was fixed yesterday during case management of the matter before High Court senior assistant registrar Azdianur Abu Samah. BOC Aviation was represented by lawyer Kwan Will Sen of Lim Chee Wee Partnership, while AirAsia X was represented by Jeremiah Rais.

Pos Malaysia Bhd has enhanced its E-commerce Fulfilment Solution (EFS) to meet the needs of the rapid change in the e-commerce landscape, and the high expectations and demands from customers. In a statement yesterday, Pos Malaysia said EFS customers can benefit from the end-to-end service that is offered by the company, as the service simplifies the overall e-commerce process for customers.

Amid news reports on the government’s plan to stop administering Sinovac Covid-19 vaccines in Malaysia once its supplies end, Pharmaniaga Bhd clarified in a statement today that the discontinuation is actually due to the company meeting its obligation to supply a total of 12 million doses. Pharmaniaga said its contractual obligation with the government is to supply 12 million doses of the vaccine by Pharmaniaga LifeScience Sdn Bhd (PLS), between May and November 2021. In the meantime, the group said it will continue with the supply of Sinovac vaccines to State governments, government agencies and the private sector.

ACE Market-listed Scope Industries Bhd said today that its one-for two rights issue at 17.5 sen per rights share was oversubscribed by 33.67%. This is as the group saw 37.36% of valid excess applications, although total valid acceptances only amounted to 96.31% or 370.37 million shares, for the printed circuit board (PCB) manufacturer to raise RM64.81 million. The rights shares will be listed on July 27, the company added.

Willowglen MSC Bhd said it has secured a three-year contract worth about RM41.55 million from Singapore’s Public Utilities Board for the Security System and Facility Enhancement at various PUB Waterworks and Desalination Plants. The contract will span from July 26, 2021 to July 25, 2024, said the company which is involved in research development and the supply of computer-based control systems.

CTOS Digital Bhd, which is slated to list on the Main Market of Bursa Malaysia next Monday (July 19), posted a 64% jump in normalised net profit to RM15 million for the second quarter ended June 30, 2021 (2QFY21) from RM9.1 million in the previous year’s corresponding quarter.

In a statement, it said its reported net profit stood at RM11.8 million for the quarter, a year-on-year increase of 56% from RM7.5 million, while its revenue grew 23% to RM37.8 million.

The group declared a first interim single tier dividend of 0.533 sen per share for the financial year ending Dec 31, 2021, which will be paid on Sept 3, 2021.

Berjaya Corp Bhd (BCorp) said the strategic plans mentioned by its chief executive officer Abdul Jalil Rasheed at a virtual event on  Thursday were merely personal ideas and strategies, and that its board is not aware of them and has not deliberated on any of them. BCorp said Jalil has been mandated to relook at the BCorp structure, as well as improve synergies and efficiency, streamline the various group businesses and transform the group into a high performing organisation. It added that the board of directors will deliberate on the finalised proposals which will be tabled for consideration and decision.

Privasia Technology Bhd has secured two contracts worth RM46.49 million in total from Westports Malaysia Sdn Bhd (Westports) to provide IT network, security, outsourcing and management services. The group said the contracts were secured via its wholly-owned Privasia Sdn Bhd (PSB). The first is a one-year contract for IT network, security, internet outsourcing and managed services worth RM6.36 million, while the second is a five-year IT outsourcing and managed services job worth RM40.13 million. Both contracts started from July 1.

Plantation group Kim Loong Resources Bhd‘s net profit for the first quarter ended April 30, 2021 (1QFY22) rose nearly 24% to RM28.38 million from RM22.9 million a year ago, as higher selling prices more than offset lower production in the period. Revenue rose 55.2% to RM312.45 million from RM201.36 million, the company’s bourse filing showed. Quarterly earnings per share improved to 3.04 sen apiece from 2.45 sen. In the period, the group noted that its fresh fruit bunch (FFB) and crude palm oil (CPO) production fell 21% and 4% respectively, while average selling prices for the two products climbed 80% and 59% respectively. TheEdge