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  #21  
Old Posted Apr 29, 2021, 12:21 PM
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IHH Healthcare Bhd
IHH Healthcare Berhad ("IHH or the Group") is a leading premium healthcare provider operating in the home markets of Malaysia, Singapore, Turkey and India. The Group also has a growing presence in Greater China and an expanding network across Asia and Central and Eastern Europe. IHH is one of the largest healthcare groups in the world by market capitalisation and are listed on the Main Markets of Bursa Malaysia and the Singapore Stock Exchange."



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https://zh.m.wikipedia.org/wiki/港怡醫院#
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  #22  
Old Posted Apr 29, 2021, 12:43 PM
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PETRONAS (Petroliam Nasional)
Petronas recently launched its new global research & technology (R&T) centre in Turin, Italy, which was officiated by Lewis Hamilton and Valtteri Bottas. The US$60 million (RM235 million) facility will be the global hub for Petronas Lubricants International’s (PLI) R&T activities – automotive and industrial technology testing capabilities and expertise.
https://www.broadwaymalyan.com/proje...as-r-t-centre/
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  #23  
Old Posted Apr 29, 2021, 9:46 PM
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WORLD 2021
Part 18: Saudi Arabia | UEM Edgenta Bhd
UEM Edgenta signs memorandum of business exploration to tap Saudi Arabian market
Lam Jian Wyn April 29, 2021 13:55 pm +08
Quote:
KUALA LUMPUR (April 29): UEM Edgenta Bhd has signed a memorandum of business exploration (MoBE) with Asma Advanced Solutions LLC to identify strategies to capture healthcare support services and integrated facility management markets in Saudi Arabia.

In a statement, the asset management and infrastructure solutions company said following the signing of the MoBE, both companies will conduct joint discussions over the next eight months and leverage their respective strengths to explore business opportunities.

“This marks more opportunities for us to further diversify our revenue stream as we explore new markets in Saudi Arabia. We are excited with the prospects as we gear up towards post-pandemic recovery through our deep and varied healthcare support experiences. We are confident our partnership with Asma Advanced will propel further growth in our regional expansion strategy as we move towards realising our vision ‘Edgenta of the Future 2025’,” said UEM Edgenta managing director and chief executive officer Syahrunizam Samsudin after signing the MoBE with Asma Advanced chairman Sheikh Abdulwahab Nasser Al-Akeel.
https://www.theedgemarkets.com/artic...arabian-market

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  #24  
Old Posted Apr 29, 2021, 10:51 PM
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WORLD 2021
Part 19: Pakistan | Proton Holdings Bhd
Proton Saga debuts in Pakistan
By NST Business April 9, 2021 @ 7:46pm


Quote:
KUALA LUMPUR: Proton Holdings Bhd (Proton) has made its debut for its best-selling vehicle, the Proton Saga in Pakistan earlier this month.

The national car manufacturer said the model is also available in other international markets namely Brunei, Bangladesh, Egypt, Jordan, Kenya, Mauritius and Nepal.

Currently all vehicles are supplied from Malaysia as complete-built unit (CBU).

However, Proton's partner, Al-Haj Automotive is set to commence local assembly operations at its new plant in Karachi by the third quarter of 2021.

With a planned capacity of 25,000 units per annum, the plant will enable sales of Proton cars to grow quickly in a market brimming with growth potential.
https://www.nst.com.my/business/2021...ebuts-pakistan
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  #25  
Old Posted Apr 29, 2021, 11:04 PM
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WORLD 2021
Part 20: USA | Luster Industries Bhd
Luster bags RM1bil contract to build glove facility in Ohio
By NST Business
April 12, 2021 @ 5:50pm
Quote:
KUALA LUMPUR: Luster Industries Bhd's (Luster) unit, Glovconcept Sdn Bhd (GSB) via Glovmaster Sdn Bhd has partnered with American Nitrile LLC (AN) to provide engineering, procurement, construction and commissioning (EPCC) services as well as glove technology solutions.

The services would be for up to 12 glove production lines and a further forecasted 72 glove production lines in the US.

Luster said the contract, which is valued at more than RM1 billion based on the total forecasted of 84 lines, marks the company's maiden foray into North America.

Luster is also among the first Malaysian companies to offer EPCC works for a glove manufacturing plant in the US, reaffirming the market's confidence in the group to undertake a high-tech production facility.

The glove production facility will be located in Ohio.

In an exchange filing today, GSB will undertake the designing, building and delivery of a glove manufacturing factory on a turnkey basis, with glove output of not less than 38,000 to 40,000 per line, per hour.
https://www.nst.com.my/business/2021...-facility-ohio
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  #26  
Old Posted May 2, 2021, 1:05 AM
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ASEAN
Part 42: Indonesia | AirAsia
airasia beauty launched in Malaysia, Indonesia
By NST Business April 22, 2021 @ 9:07am
Quote:
KUALA LUMPUR, 22 April 2021 - Acknowledging the ever growing market demand for beauty and skincare products, airasia super app today launches its latest product offering, airasia beauty, simultaneously in Malaysia and Indonesia.

airasia super app said airasia beauty has a rapid expansion plan within Asean and is set to take the region by storm, offering an endless list of products.
https://www.nst.com.my/business/2021...ysia-indonesia
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  #27  
Old Posted May 2, 2021, 1:11 AM
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Part 43: Thailand | CIMB
CIMB Thai posted lower earnings due to economic uncertainty, customers credit migration
By NST Business April 21, 2021 @ 2:47pm
Quote:
KUALA LUMPUR: CIMB Group Holdings Bhd's 94.8 per cent-owned subsidiary CIMB Thai Bank PCL saw its net profit decrease 68.4 per cent year-on-year (yoy) to 341.3 million Thai baht for the three months ended March 31, 2021.

This was on the back of a 64.3 per cent growth in expected credit losses, reflected by the elevated provision from economic uncertainty and potential credit migration from customers affected by Covid-19 pandemic.
https://www.nst.com.my/business/2021...stomers-credit
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  #28  
Old Posted May 2, 2021, 1:16 AM
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WORLD
Part 21: Nepal | Bina Puri
Bina Puri, partners bag RM183mil Supreme Court job in Nepal
By Azanis Shahila Aman April 20, 2021 @ 4:24pm
Quote:
KUALA LUMPUR: Bina Puri Holdings Bhd says its 20 per cent joint venture company has bagged a contract worth RM183 million to build the Supreme Court building complex in Nepal.

Bina Puri, in a statement today, said the joint venture company, BinaPuri-Kalika-Samanantar, had been awarded the contract by the kingdom's Supreme Court.
https://www.nst.com.my/business/2021...ourt-job-nepal
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  #29  
Old Posted May 3, 2021, 8:56 AM
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Part 21: Hong Kong | Top Glove Corp Bhd
Top Glove stock rises after slashing Hong Kong share sale size
By BLOOMBERG - April 23, 2021 @ 10:23am
Quote:
Shares of the world's largest rubber glove maker rose to a two-month high after the company cut its share sale in Hong Kong by nearly half of its earlier target, a move analysts said will minimize earnings dilution.

Top Glove Corp Bhd climbed as much as 2.5% in Kuala Lumpur Friday, the highest since Feb. 23.

The company, whose shares also trade in Singapore, will issue up to 793.5 million shares, down from 1.49 billion announced in February, it said in a filing on Thursday.

The fundraising target stands reduced to 4.22 billion ringgit ($1 billion) from 7.77 billion ringgit previously, according to the filing.

"We believe this move will be taken positively by investors," Megat Fais, an analyst at Citigroup Inc said in a report.

"Whilst the HK listing was made known a while ago, the quantum of the fundraising surprised negatively especially considering the supercycle that the gloves sector is currently undergoing."

A resurgence in Covid cases in some parts of the world is improving the outlook for producers of medical gloves.

Top Glove's shares are up 26 per cent this month and were among the top gainers on Malaysia's main index on Thursday along with peers Supermax Corp Bhd and Hartalega Holdings Bhd.

Top Glove, which is seeking a listing in Hong Kong to bolster its profile with overseas investors, was one of Asia's hottest pandemic trades for 2020 before the rollouts of vaccines around the world dimmed their appeal.

Pressure on the company deepened in late March when the US Customs and Border Protection ordered personnel at US ports of entry to seize gloves made in Malaysia over allegations of forced labor.

Top Glove earlier this month said it is working with the U.S. authorities to resolve the issues to help lift the ban.

Top Glove in February said the Hong Kong exchange listing will allow direct participation by new private and institutional investors in North Asia.

The reduction in the issuance will minimize dilution to existing shareholders, according to the filing Thursday.
https://www.nst.com.my/business/2021...hare-sale-size
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  #30  
Old Posted May 3, 2021, 9:05 AM
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WORLD
Part 22: China | Petroliam Nasional Bhd (Petronas)
Petronas strengthens Malaysia's position as LNG ISO tank hub
By Farah Adilla - April 26, 2021 @ 3:56pm

Quote:
KUALA LUMPUR: Petroliam Nasional Bhd (Petronas) through its subsidiary, Petronas LNG Ltd, has commenced the export of liquefied natural gas (LNG) to China in ISO tanks from its filling facility in Pengerang, Johor.

Petronas in a statement today said the maiden shipment of LNG ISO tanks has been safely delivered to Shanghai from Pasir Gudang Port of Johor on April 23, 2021.

This follows a spot contract signed between Petronas and Tiger Gas (Hong Kong) Ltd, an affiliate of Tiger Clean Energy Ltd (TCEL).


With the operation of Petronas' ISO tank filling facility at Pengerang, Malaysia is now poised to strengthen its position as an LNG ISO tank export hub, with filling facilities in west and east Malaysia that provide customers with an alternative and reliable LNG solution.

"This inaugural LNG ISO tank export from Peninsular Malaysia is an innovative solution that enables LNG to reach off-grid customers, not only domestically, but also internationally, extending the reach of our virtual pipeline system offering that we have started since late last year," Petronas LNG marketing and trading vice president Shamsairi M Ibrahim said.

In 2020, Petronas and TCEL signed a long-term sale and purchase agreement for the supply of LNG to TCEL's LNG ISO tank filling facility in Bintulu, Sarawak.

As part of this agreement, Petronas' LNG will be distributed to China using TCEL's ISO tanks, with the first shipment sailed from Bintulu Port to the Port of Long Kou on March 25, 2021.

"This is also a clear testament of Petronas' commitment as a progressive energy solutions partner in reducing the carbon footprint of our customers' existing and future operations," Shamsairi added.
https://www.nst.com.my/business/2021...g-iso-tank-hub
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  #31  
Old Posted May 3, 2021, 9:07 AM
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WORLD
Part 23: USA | Genting Bhd
Very tough first few years for Resorts World Las Vegas
By Azanis Shahila Aman - April 27, 2021 @ 10:26am
Quote:
KUALA LUMPUR: Genting Bhd-owned Resorts World Las Vegas (RWLV) is likely to operate at a loss for the first few years after its opening in June this year, said Affin Hwang Capital.

The firm said given that the Las Vegas market had remained stagnant for the past few years, RWLV would need to sacrifice some margins in the first few years to gain market share.

It said the Las Vegas operating environment was different from other Asia casinos, as more than 75 per cent of its revenue was driven by non-gaming facilities.

"With overall visitation remaining stagnant at around 42.5 million over the past few years, RWLV would need to take market share from others to grow.

"Although the novelty effect might help to attract some crowds, the impact is also likely limited, given that there are a few new properties which have only opened their doors in the past two to three years," Affin Hwang said in a report today.

Meanwhile, the firm has reduced the contribution from Genting Malaysia subsidiaries due to the current interstate travel ban which was likely to last to at least end of May, with more than 60 per cent of the population in Peninsular Malaysia under the ban.

"Although the new outdoor theme park is still slated for opening by middle of 2021, we believe that the incremental visitation growth would still be limited, as current social distancing requirements will still be in place, and both the theme park and casinos are unlikely to operate at full capacity.

"Despite the vaccination program having already started, Malaysia would only likely be able to achieve herd immunity by the end of first quarter (Q1), based on the current vaccination run rate," it said.

Affin Hwang has reduced its earnings estimation on Genting for 2021 by 18.6 per cent to factor in lower contribution from the Malaysian operations and losses from the upcoming RWLV.

"We have kept our 'Hold' call and target price at RM4.83 unchanged, as we believe investors are likely to look past the struggles in 2021. However, the upside is likely capped given that we are only expecting a full recovery by the end of 2022," it added.
https://www.nst.com.my/business/2021...orld-las-vegas
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  #32  
Old Posted May 3, 2021, 9:11 AM
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Part 44: Thailand | AirAsia Group Bhd's (AirAsia)
Thai AirAsia's capital restructuring is seen positive: MIDF Research
By Ayisy Yusof - April 28, 2021 @ 9:48am

Quote:
KUALA LUMPUR: AirAsia Group Bhd's (AirAsia) 45 per cent owned subsidiary, Thai AirAsia Co Ltd's (Thai AirAsia) corporate and capital restructuring is seen to be positive for the low-cost carrier to raise capital via the capital market.

MIDF Research analyst Ummar Fitri said the restructuring plan might be fruitful for AirAsia's subsidiaries tapping into capital markets to raise funds on their own despite the slight shareholding dilution.

"AirAsia stakes in Thai AirAsia will be partially diluted to account for the bigger share base if the restructuring plans go through," he said in a research note today.

The research house's estimation pegged the new shareholdings to be 43.1 per cent from the previous 45.0 per cent, a small decrease in shareholding.

"We look upon the development favorably."

The listed holding company of Thai Air Asia, Asia Aviation Public Ltd (AAV), had yesterday announced the resolutions on the restructuring plan for the former.

In an exchange filing yesterday, AirAsia said AAV's board of directors had approved the resolutions of Thai AirAsia's corporate and capital restructuring plan involving a loan for a maximum amount of up to 3.15 billion baht (10 baht=RM1.31).

The restructuring plans included an initial public offering (IPO) of Thai AirAsia (liquidation of AAV and directly become Thai AirAsia shareholders), conversion of debt to equity, and a loan from an investor in the form of a convertible bond and shares offering to AAV's current executive chairman.

"We estimate the IPO proceeds potentially reached THB2.76 billion, or RM358.43 million with an additional convertible bond issued to be in the maximum amount of THB3.15 billion or RM409.5 million."

Ummar said the estimation was derived by multiplying the indicative price per share of IPO at THB20.3925 with a new number of proposed shares to be issued.

He said partial conversion of Thai AirAsia debts into shares (amounting not exceeding THB3.9 billion or RM507.0 million) will further aid the cash flow of the company.

Without upliftment of travel restrictions, Ummar said aviation players will continue to incur deepening losses.

"Partial upliftment is a positive for the sector, yet it will still be insufficient to carry the group to profitability."

He said even with the removal of travel restrictions, the return of consumer confidence will likely having a lagging effect between current low passenger traffic to full recovery.

"Therefore, reopening borders or at least easing of travel restrictions are key for the return of air passengers," he said.

Ummar said there is a fair chance for the aviation industry will see similar or even lower passenger volumes, potentially turning this year of recovery into another washout year.

"Given that Malaysian government target for 80 per cent inoculation by December 2021, the 70 per cent benchmark might only be feasible on the tail end of 2021," he added.

MIDF Research has maintained its target price for AirAsia RM0.20 sen per share at this juncture while tracking the progress of the fundraising exercises.

"We believe the recent share price might have overshot the valuation level that we deem fair for the company based on the current situation.

"We are hopeful on aviation recovery but maintain level-headedness in assessing the viability of the recovery. We reiterate our Sell call on AirAsia."

MIDF Research said the situation remains an uphill battle given that travel restrictions have not been fully lifted, although recovery for the aviation sector and air travel is expected to gradually take place in 2021.
https://www.nst.com.my/business/2021...apital-reserve
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  #33  
Old Posted May 6, 2021, 8:19 AM
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Part 45: Thailand | Fraser & Neave Holdings Bhd's (F&N)
F&N's net profit rises 4.2 pct to RM240.32mil, revenue at RM230.54mil
By Ayisy Yusof May 4, 2021

Quote:
KUALA LUMPUR: Fraser & Neave Holdings Bhd's (F&N) net profit in the first-half (1H) of the year ended March 31, 2021, rose 4.2 per cent to RM240.32 million from RM230.54 million recorded previously.

In an exchange filing today, the food and beverage producer said higher earnings were fuelled by investment tax incentives at the Thailand subsidiary and offset by lower share of profit from an associate company.
https://www.nst.com.my/business/2021...nue-rm23054mil
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  #34  
Old Posted May 15, 2021, 3:30 AM
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WORLD
Part 24: USA | Borneo Oil Bhd (Bornoil)
BornOil enters US market, collaborating with Verde Resources on catalytic biofraction green technology initiatives
POSTED ON MAY 11, 2021, TUESDAY AT 4:28 PM

Quote:
KUCHING: In an announcement to Bursa Malaysia Securities, Borneo Oil Bhd (Bornoil) said its indirect wholly-owned subsidiary, Borneo Energy Sdn Bhd (BOE), has entered into a sale and purchase agreement with Gold Billion Global Limited (GBG) for the disposal of technology assets and intellectual property rights for a total consideration of USD5 million.

In return, BOE would receive 166,666,667 new ordinary shares of Verde Resources Incorporated (Verde), a Nevada USA corporation listed on the OTCQB market. GBG is a wholly-owned subsidiary of Verde.
https://www.theborneopost.com/2021/0...y-initiatives/
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  #35  
Old Posted May 17, 2021, 11:43 PM
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London's iconic Battersea Power Station redevelopment
Developer: Sime Darby and SP Setia (Malaysia)


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  #36  
Old Posted May 18, 2021, 1:09 AM
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One Crown Place London
Owner: AlloyMTD Group (Malaysia)
Constructor: London Mace Group Ltd
Architect: Kohn Pedersen Fox








Untitled by UnionMan, on Flickr

Untitled by UnionMan, on Flickr
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  #37  
Old Posted May 19, 2021, 5:42 AM
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Part 46: Indonesia | Dagang NeXchange Bhd (DNeX)
DNeX consortium inks installation, maintenance deal for submarine cables in Indonesia
By NST Business May 18, 2021 @ 6:58pm
Quote:
KUALA LUMPUR: Dagang NeXchange Bhd (DNeX), through a consortium formed between business unit PT DNeX Telco Indonesia (PT DTI) and PT Samudera Mbiantu Sesami (PT SMS), has signed an agreement with PT Infrastruktur Telekomunikasi Indonesia (TelkomInfra) to supply installation and maintenance support services of submarine cables in Indonesia.

Under the agreement, DNeX-led consortium will provide the services to TelkomInfra for a duration of three years with an option to extend for a further three years.
https://www.nst.com.my/business/2021...bmarine-cables
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  #38  
Old Posted May 19, 2021, 5:47 AM
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Part 47: Singapore | Maybank Kim Eng Group
Maybank Kim Eng Singapore names Aditya Laroia as CEO
Tristan Dielenberg May 18, 2021 12:48 pm +08

Quote:
KUALA LUMPUR (May 18): Maybank Kim Eng Securities Pte Ltd (Maybank Kim Eng Singapore) has appointed Aditya Laroia as its chief executive officer (CEO) effective immediately.

In his new role, Laroia will be responsible for the overall securities and investment banking businesses in Singapore, as well as the execution of Maybank Kim Eng’s five-year plan, anchored by a sustainability-first approach to help clients leverage environmental, social and governance (ESG) opportunities that can generate alpha.
https://www.theedgemarkets.com/artic...tya-laroia-ceo
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  #39  
Old Posted May 22, 2021, 1:50 PM
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Part 48: Indonesia: Genting Property Sdn Bhd
Genting Property's maiden venture in Jakarta via land acquisition from PT Sentul City
By NST Business May 19, 2021 @ 10:37am
Quote:
KUALA LUMPUR: Genting Property Sdn Bhd has marked its maiden property venture in Jakarta, Indonesia with the acquisition of 9.4 hectares there.

Genting Property, through subsidiaries PT Genting Properti Nusantara and PT Genting Properti Cemerlang, has concluded
https://www.nst.com.my/business/2021...pt-sentul-city
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  #40  
Old Posted May 22, 2021, 8:33 PM
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Conservatory Melbourne
Developer: UEM Sunrise (Malaysia)





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