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NIBONG TEBAL, March 8 (Bernama) — Jeruk Madu Pak Ali Enterprise, the company famous for its pickled fruits in Penang, will expand its business to Sabah in the near future. This is being made possible through the cooperation with a company in the state. Its proprietor, Alias Ali said the cooperation with Sabtradf Enterprise will be formalised with...
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KUALA LUMPUR, March 8 (Bernama) — The recent RM74.1 million contract secured by Sunway Holdings Bhd will bring the value of the company’s year-to- date jobs to RM369.5 million, says OSK Research. On Monday, Sunway Holdings announced that its unit, Construction Sdn Bhd (SunCon), had secured the contract from Bio-XCell Sdn Bhd. Under the deal,...
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KUALA LUMPUR, March 8 (Bernama) — OSK Research has valued Berjaya Food Bhd (BFood) at RM0.57 per share, which represent a 30 per cent discount to its closest peer in Malaysia, QSR Brands, given its smaller revenue and earnings base. BFood registered five-year sales and net profit compound annual growth rate (CAGR) of 22 per cent and 46.1 per cent...
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KUALA LUMPUR, March 8 (Bernama) — Berjaya Food Bhd (BFood), the operator of Kenny Rogers Roasters (KRR) chain of restaurants in Malaysia, will open eight to 10 restaurants, annually, as it is optimistic the food industry in Malaysia will grow at an average of between 10 and 15 per cent, in the coming years. The outlets will be opened in strategic...
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KUALA LUMPUR, March 8 (Bernama) — Padiberas Nasional Bhd (Bernas) on Tuesday signed a memorandum of understanding with Lembaga Kemajuan Pertanian Muda (MADA) to jointly undertake the commercial activities of the Entry Point Project 10 under the National Key Economic Area (NKEA) programme. The project entails scaling up and strengthening productivity...
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KUALA LUMPUR, March 8 (Bernama) — OSK Research Sdn Bhd and HwangDBS Vickers Research maintained their ‘buy’ call on KNM Group Bhd with a higher target price of RM3.34 to RM3.50 from the previous RM3.02 price. OSK said the company had overcome the financial downtrend and expected to see a recovery this year. “It expects to see...
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KUALA LUMPUR, March 8 (Bernama) — Bursa Malaysia Derivatives Bhd (BMD) aims to double its daily trading average to about 50,000 contracts over the next three years given the healthy interest seen in the market. Its Chairman, Datuk Yusli Mohamed Yusoff, said the collaboration with CME Group, which has a stake in BMD, to expand trading of commodity...
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KUALA LUMPUR, March 8 (Bernama) — RG Gas and Chemicals (M) Sdn Bhd will invest RM3 billion in the next ten years to build an integrated oil and gas hub on Pulau Daat, Labuan. Its group project director, Jimmy Y.M. Tang, said the hub, which would provide land-based logistics and support services, would be built in four phases. “The earthworks...
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KUALA LUMPUR, March 8 (Bernama)– Hong Kong-based Melco Crown Entertainment Ltd aims to boost the number of Malaysian visitors to Macau’s City of Dreams, via various promotional efforts. The City of Dreams is an integrated resort consisting of entertainment, five-star hotel accommodation, international dining and designer brand shopping. Its...
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KUALA LUMPUR, March 8 (Bernama) — Bank Negara Malaysia’s (BNM) plan to issue up to two mega Islamic bank licences is still on progress, says its deputy governor, Datuk Mohd Razif Abdul Kadir. “The plan is still in progress. We need to find the right investors,” he said, when asked on progress of the plan to issue mega Islamic...
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