{"id":6386,"date":"2016-02-15T19:28:37","date_gmt":"2016-02-15T19:28:37","guid":{"rendered":"http:\/\/staging109.reinatech.info\/bpplas\/?p=6386"},"modified":"2021-05-30T08:34:03","modified_gmt":"2021-05-30T08:34:03","slug":"bursa-highlights-for-mon-feb-15","status":"publish","type":"post","link":"https:\/\/www.bpplas.com\/bursa-highlights-for-mon-feb-15\/","title":{"rendered":"Bursa highlights for Mon, Feb 15"},"content":{"rendered":"

[vc_row][vc_column][vc_wp_text]\"\"<\/span><\/p>\n

Bursa highlights on Feb 15<\/span><\/p>\n

In June, Mah Sing Group’s convertible secured bonds can be redeemed in <\/span>full or in part into shares representing up to 11.5% of its current paid-up <\/span>capital. With the bonds currently in the money, it has decided to buy back all <\/span>those that have not been converted for RM337.1mil. Read more<\/span><\/p>\n

PVC-related flooring and packaging product maker Tek Seng Holdings <\/span>Bhd\u2019s net profit last year surged 76.1% to RM21.27mil, thanks largely to the <\/span>strong sales volume of photovoltaic products in the final quarter. The solar <\/span>segment\u2019s pre-tax profit surged by RM14.3mil to RM11.5mil during the fourth <\/span>quarter from a year earlier. Read more<\/span><\/p>\n

Plastic product manufacturer BP Plastics Holding Bhd, which on Monday <\/span>announced a 119% jump in profit for the financial year ended Dec 31, 2015, <\/span>has adopted a dividend policy of distributing minimum 40% of the <\/span>consolidated profit after tax and non-controlling interests starting this financial <\/span>year. This is provided that the distribution is not be detrimental to the company <\/span>after taking into account its capital requirements and working capital needs.<\/span><\/p>\n

Abu Dhabi-based energy firm Emirates International Energy Services (Emas) <\/span>has made a request for arbitration against Sime Darby Bhd\u2019s unit, Sime <\/span>Darby Engineering Sdn Bhd. Last year, the Abu Dhabi Court of Appeal and <\/span>Court of Cassation reversed an earlier court decision to award Emas 41.046 <\/span>million dirhams (RM46.37mil) in a case that stretched back to 2011. Read <\/span>more<\/span><\/p>\n

Pharmaceutical firm Pharmaniaga Bhd posted a 10.44% drop in net profit to <\/span>RM84.04mil for the financial year ended Dec 31, 2015 mainly due to reduced <\/span>Government orders and amortisation for the pharmacy information system. Its <\/span>earnings for the fourth quarter fell by more than half to RM16.06mil from a <\/span>year earlier.<\/span><\/p>\n

Kejuruteraan Samudra Timur Bhd has clinched a two-year contract to <\/span>provide oil country tubular goods (oil pipes\/tubes) inspection services for <\/span>Swedish independent oil and gas company Lundin BV\u2019s unit Lundin Malaysia. <\/span>Lundin Malaysia operates PM307\u2019s Bertam field, offshore Pahang, and <\/span>recently started drilling offshore East Malaysia. Read more<\/span><\/p>\n

TSR Capital Bhd\u2019s unit has clinched a RM240mil contract to build <\/span>condominiums and car parks in Putrajaya from Putrajaya Homes Sdn <\/span>Bhd. Read more<\/span><\/p>\n

The newly opened Shah Alam Hospital will be provided engineering, cleaning and <\/span>maintenance services by AWC Bhd under a RM90mil contract. This latest five-year <\/span>deal expands AWC’s facilities management services business in the healthcare sector <\/span>which also includes maintaining the Cheras Rehabilitation Hospital and all state <\/span>government clinics in Johor. Read more<\/span><\/p>\n

AirAsia X Bhd, the long-haul airline affiliate of the AirAsia group, carried 14.6% fewer <\/span>passengers last year. This was in contrast to the 11.2% growth posted by <\/span>the AirAsiagroup. (from a media statement) Read more<\/span>
\nTAGS \/ KEYWORDS:Corporate News , Bursa highlights<\/span>[\/vc_wp_text][\/vc_column][\/vc_row]<\/p>\n","protected":false},"excerpt":{"rendered":"

[vc_row][vc_column][vc_wp_text] Bursa highlights on Feb 15 In June, Mah Sing Group’s convertible secured bonds can be redeemed in full or in part into shares representing up to 11.5% of its current paid-up capital. With the bonds currently in the money, it has decided to buy back all those that have not been converted for RM337.1mil. Read more PVC-related flooring and packaging product maker Tek Seng Holdings Bhd\u2019s net profit last year surged 76.1% to RM21.27mil, thanks largely to the strong sales volume of photovoltaic products in the final quarter. The solar segment\u2019s pre-tax profit surged by RM14.3mil to RM11.5mil during the fourth quarter from a year earlier. Read more Plastic product manufacturer BP Plastics Holding Bhd, which on Monday announced a 119% jump in profit for the financial year ended Dec 31, 2015, has adopted a dividend policy of distributing minimum 40% of the consolidated profit after tax and non-controlling interests starting this financial year. This is provided that the distribution is not be detrimental to the company after taking into account its capital requirements and working capital needs. Abu Dhabi-based energy firm Emirates International Energy Services (Emas) has made a request for arbitration against Sime Darby Bhd\u2019s unit, Sime Darby Engineering Sdn Bhd. Last year, the Abu Dhabi Court of Appeal and Court of Cassation reversed an earlier court decision to award Emas 41.046 million dirhams (RM46.37mil) in a case that stretched back to 2011. Read more Pharmaceutical firm Pharmaniaga Bhd posted a 10.44% drop in net profit to RM84.04mil for the financial year ended Dec 31, 2015 mainly due to reduced Government orders and amortisation for the pharmacy information system. Its earnings for the fourth quarter fell by more than half to RM16.06mil from a year earlier. Kejuruteraan Samudra Timur Bhd has clinched a two-year contract to provide oil country tubular goods (oil pipes\/tubes) inspection services for Swedish independent oil and gas company Lundin BV\u2019s unit Lundin Malaysia. Lundin Malaysia operates PM307\u2019s Bertam field, offshore Pahang, and recently started drilling offshore East Malaysia. Read more TSR Capital Bhd\u2019s unit has clinched a RM240mil contract to build condominiums and car parks in Putrajaya from Putrajaya Homes Sdn Bhd. Read more The newly opened Shah Alam Hospital will be provided engineering, cleaning and maintenance services by AWC Bhd under a RM90mil contract. This latest five-year deal expands AWC’s facilities management services business in the healthcare sector which also includes maintaining the Cheras Rehabilitation Hospital and all state government clinics in Johor. Read more AirAsia X Bhd, the long-haul airline affiliate of the AirAsia group, carried 14.6% fewer passengers last year. This was in contrast to the 11.2% growth posted by the AirAsiagroup. (from a media statement) Read more TAGS \/ KEYWORDS:Corporate News , Bursa highlights[\/vc_wp_text][\/vc_column][\/vc_row]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[62,66],"tags":[],"class_list":["post-6386","post","type-post","status-publish","format-standard","hentry","category-media-news","category-the-star","post-no-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.bpplas.com\/wp-json\/wp\/v2\/posts\/6386","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bpplas.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bpplas.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bpplas.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bpplas.com\/wp-json\/wp\/v2\/comments?post=6386"}],"version-history":[{"count":2,"href":"https:\/\/www.bpplas.com\/wp-json\/wp\/v2\/posts\/6386\/revisions"}],"predecessor-version":[{"id":6517,"href":"https:\/\/www.bpplas.com\/wp-json\/wp\/v2\/posts\/6386\/revisions\/6517"}],"wp:attachment":[{"href":"https:\/\/www.bpplas.com\/wp-json\/wp\/v2\/media?parent=6386"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bpplas.com\/wp-json\/wp\/v2\/categories?post=6386"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bpplas.com\/wp-json\/wp\/v2\/tags?post=6386"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}