Bursa

Aneka Jaringan Posts Revenue of RM53 Million in 1Q FY2023

Retrieved on: 
Thursday, January 19, 2023

Managing Director of Aneka Jaringan, Pang Tse Fui

Key Points: 
  • Managing Director of Aneka Jaringan, Pang Tse Fui
    In the quarter under review, the Group registered a narrower loss after tax (LAT) of RM4.62 million compared with LAT of RM5.41 million in 1Q FYE2022.
  • Gross loss decreased to RM0.95 million in 1Q FYE2023 compared with gross loss of RM2.88 million in 1Q FYE2022 on a decline in material costs.
  • Managing Director of Aneka Jaringan, Pang Tse Fui said, "The Group continues to assess and monitor risks while selectively tendering for projects.
  • Aneka Jaringan has an order book of RM145.73 million as of 31 October 2022, with Malaysian operations contributing RM138.97 million and Indonesian operations contributing RM6.76 million.

Bintai Kinden Redesignates Ku as Group Managing Director

Retrieved on: 
Wednesday, January 18, 2023

PETALING JAYA, Malaysia, Jan 18, 2023 - (ACN Newswire) - Bintai Kinden Corporation Berhad (Bursa: BINTAI, 6998), a mechanical and electrical (M&E) engineering services specialist, is redesignating Mr. Ku Chong Hong to Group Managing Director from Executive Director effective 18 January 2023.

Key Points: 
  • PETALING JAYA, Malaysia, Jan 18, 2023 - (ACN Newswire) - Bintai Kinden Corporation Berhad (Bursa: BINTAI, 6998), a mechanical and electrical (M&E) engineering services specialist, is redesignating Mr. Ku Chong Hong to Group Managing Director from Executive Director effective 18 January 2023.
  • Azri Azerai
    Group Managing Director of Bintai Kinden, Mr. Ku Chong Hong
    Mr. Ku was appointed to the Board of Directors as an Executive Director on 24 February 2022.
  • Besides Bintai Kinden, he is also an Executive Director at Sarawak Consolidated Industries Berhad and an Independent Non-Executive Director of Malaysian Genomics Resources Berhad.
  • Azri Azerai, Executive Director of Bintai Kinden said, "The Board of Directors and I congratulate him and are looking forward to working even closer with him.

Bintai Kinden Ventures into Digital Assets

Retrieved on: 
Tuesday, January 10, 2023

PETALING JAYA, Malaysia, Jan 10, 2023 - (ACN Newswire) - Bintai Kinden Corporation Berhad (Bursa: BINTAI, 6998), a mechanical and electrical (M&E) engineering services specialist, is venturing in digital assets through wholly-owned subsidiary Bintai Trading Sdn Bhd (BTSB) as part of the Company's treasury management while taking into consideration longer-term needs in business expansion.

Key Points: 
  • PETALING JAYA, Malaysia, Jan 10, 2023 - (ACN Newswire) - Bintai Kinden Corporation Berhad (Bursa: BINTAI, 6998), a mechanical and electrical (M&E) engineering services specialist, is venturing in digital assets through wholly-owned subsidiary Bintai Trading Sdn Bhd (BTSB) as part of the Company's treasury management while taking into consideration longer-term needs in business expansion.
  • Executive Director of Bintai Kinden, En.
  • Azri Azerai, Executive Director of Bintai Kinden said, "This is an opportune time to venture into digital assets as values across the board has fallen, especially among the main ones such as Bitcoin and Ethereum.
  • We will devote a portion of our free cashflow for digital assets and will take a dollar-cost averaging approach when buying into them."

Bintai Kinden Expands Further into O&G

Retrieved on: 
Tuesday, January 3, 2023

Executive Director of Bintai Kinden, En.

Key Points: 
  • Executive Director of Bintai Kinden, En.
  • PFF is a supplier of pipes, flanges, fittings, valves and other O&G-related equipment.
  • Azri Azerai, Executive Director of Bintai Kinden said, "The latest award of subcontracts to BESB is part of the partnerships and tie-ups we are pursuing to grow our O&G-related business.
  • This includes seeking opportunities and partnerships with companies that share the same vision as Bintai Kinden, in Southeast Asia.

'Switching On the SUN' - Samaiden Officially Turns on First Power Generation Facility at Sunway Nexis

Retrieved on: 
Friday, December 23, 2022

's first solar investment project at Sunway Nexis has commenced operation on 23 December 2022.

Key Points: 
  • 's first solar investment project at Sunway Nexis has commenced operation on 23 December 2022.
  • Sunway Nexis Management Corporation Chairman, Mr. Teo Poh Heng[L]; Group Managing Director of Samaiden, Ir.
  • Based on the generation of 12.5 million kilowatt hour (kWh) over the 20-year period, this can reduce approximately 8,400 tonnes of carbon emissions.
  • I must thank Samaiden for taking this bold initiative to invest in Solar PV for Sunway Nexis as this is in line with our nation's initiative on implementing Environmental, Social and Governance (ESG) principles in the workplace.

Samaiden Group Signs Agreement to Explore Cambodia Venture

Retrieved on: 
Monday, December 19, 2022

Group partners Management Venture Asia (Cambodia) Ltd. for clean energy-related opportunities

Key Points: 
  • Group partners Management Venture Asia (Cambodia) Ltd. for clean energy-related opportunities
    PETALING JAYA, Malaysia, Dec 19, 2022 - (ACN Newswire) - Samaiden Group Berhad (Bursa: SAMAIDEN, 0223), a clean energy solution specialist principally involved in engineering, procurement, construction, and commissioning (EPCC) of solar photovoltaic (PV) systems and power, is pleased to announce that the Group's wholly-owned subsidiary, Samaiden Sdn Bhd, has signed a partnership agreement with Management Venture Asia (Cambodia) Ltd. (MVA) today, to explore the clean energy-related business opportunities in Cambodia.
  • Group Managing Director of Samaiden, Ir.
  • Chow Pui Hee said, "We're looking forward to the collaboration with MVA given their strong presence in Cambodia.
  • "We firmly believe the partnership with MVA will ensure our expansion plans in Cambodia are focused.

Ni Hsin Inks Strategic Collaboration with SIRIM

Retrieved on: 
Thursday, December 15, 2022

Bhd., a wholly-owned subsidiary of Main Market-listed Ni Hsin Group Berhad (formerly known as Ni Hsin Resources Berhad (Bursa: NIHSIN, 7215)), today signed a Strategic Collaboration with SIRIM Berhad to promote co-operation between the Parties in the following areas:

Key Points: 
  • Bhd., a wholly-owned subsidiary of Main Market-listed Ni Hsin Group Berhad (formerly known as Ni Hsin Resources Berhad (Bursa: NIHSIN, 7215)), today signed a Strategic Collaboration with SIRIM Berhad to promote co-operation between the Parties in the following areas:
    YBrs.
  • Tuan Mohd Azanuddin bin Salleh, Senior Vice President, SIRIM Industrial Research, SIRIM Berhad; YBhg.
  • (collectively the "Project")
    Khoo Chee Kong, Managing Director of NH EV TECH, said: "This Strategic Collaboration with SIRIM is an extension of our quest for greater participation in the green economy.
  • Being one of the first movers in this region makes Ni Hsin more attractive to investors who are beginning to consider sustainability factors in their investment decision-making process."

Propel Global to Acquire 51% Stake in O&G Engineering Firm for RM7.82 Million

Retrieved on: 
Thursday, December 8, 2022

(BWE) for RM7.82 million.

Key Points: 
  • (BWE) for RM7.82 million.
  • Propel Global is acquiring the 51% stake from Azizi, who is selling his entire equity interest, and Siew Lee, who is selling 5.2% of his holdings.
  • BWE reported revenue of RM18.6 million and PAT of RM178,000 for FYE2019; RM19.0 million revenue and RM395,000 PAT for FYE2020 and; RM38.5 million revenue and RM2.3 million PAT for FYE2021.
  • The Group will also be able to tap into BWE's existing customer base for cross-marketing opportunities and additional revenue stream."

Bintai Kinden Awarded RM39 Million Project from TNB

Retrieved on: 
Friday, November 25, 2022

Company to instal underground cable in Nusajaya, Johor

Key Points: 
  • Company to instal underground cable in Nusajaya, Johor
    PETALING JAYA, Malaysia, Nov 25, 2022 - (ACN Newswire) - Bintai Kinden Corporation Berhad (Bursa: BINTAI, 6998), a mechanical and electrical (M&E) engineering services specialist, is pleased to announce that the Company's wholly-owned subsidiary, Kejuruteraan Bintai Kindenko Sdn Bhd (KBK), has been awarded a project worth RM39.0 million for the installation of a 132kV underground cable double circuit from Tenaga Nasional Berhad (TNB).
  • The new XLPE cable comprises two circuits, and three phases, with one cable of 1600mm2 copper per phase.
  • KBK, a specialist in M&E engineering services, has 319 days from commencement to complete the project.
  • This latest project award from TNB reflects the opportunities stemming from the growth momentum in the economy."

Bintai Kinden Revenue Increased 136% in 2Q FY2023

Retrieved on: 
Thursday, November 24, 2022

Executive Director of Bintai Kinden, Azri Azerai

Key Points: 
  • Executive Director of Bintai Kinden, Azri Azerai
    For the quarter under review, the Company's profit before tax (PBT) recorded a decline to RM193,000 compared with RM244,000 in 2Q FY2022 mainly due to higher cost.
  • Gross profit margin for 2Q FY2023 stood at 15.35% compared with 43.06% in 2Q FY2022 after taking into account contribution by variation order of completed projects of the M&E business.
  • Bintai Kinden registered a 142.94% rise in revenue of RM71.44 million for the six months ended 30 September 2022 (1H FY2023) compared with RM29.41 million in the corresponding period of the previous financial year.
  • PBT for 1H FY2023 declined to RM1.16 million compared with RM1.50 million reported in 1H FY2022.