KUALA LUMPUR, Malaysia (July 9): Companies to watch on Monday (July 12) based on today’s corporate announcements and news flow include Boustead Plantations Bhd, TDM Bhd, Naim Holdings Bhd, Ibraco Bhd, AwanBiru Technology Bhd, Gas Malaysia Bhd, and Kumpulan H&L High-Tech Bhd. Following the retirement of his predecessor Ibrahim Abdul Majid, who has accepted a larger job at Boustead Holdings Bhd, Boustead Plantations Bhd has named Zainal Abidin Shariff as its chief executive officer (CEO).
From 2019 to 2020, Zainal Abidin was the group CEO of TDM Bhd, a Main Market-listed plantation company, and between 2018 and 2019, he was the chief executive of The Incorporated Society of Planters, as well as the chief operating officer and chief financial officer of Felcra Bhd.
Naim Holdings Bhd has declared an interim dividend of 7.9 sen per share, payable on August 6, for the fiscal year ending December 31, 2021. The RM40 million dividend payment is the second year in a row that the group has paid out dividends to its shareholders, following the RM47.64 million paid out in FY20.
Ibraco Bhd has won a RM169 million complete engineering, construction, and commissioning contract in Kuching, Sarawak, for dwellings under the Rumah Pertiwi Scheme. Bumia Sdn Bhd got the five-year contract yesterday.
The Ministry of Education (MOE) has awarded AwanBiru Technology Bhd (Awantec) an RM22.78 million contract to sell G Suite Enterprise For Education software to Malaysian public schools. The three-year contract begins on July 9th, according to the company.
For the third quarter of 2021 (3Q21), Gas Malaysia Bhd increased the average natural gas selling price for its unit Gas Malaysia Energy and Services Sdn Bhd to RM30.03 per metric million British thermal unit (MMBtu), up from RM26.85 per MMBtu in the previous quarter (2Q21).
Bursa Malaysia has issued an unusual market activity (IMA) question to Kumpulan H&L High-Tech Bhd, whose share price hit limit up after soaring 30 percent today. H&L’s share price has more than doubled in the last week and a half since closing at RM2.00 on June 28. With 17.86 million shares traded, the counter gained RM1.30 to end at RM5.64, giving it a market capitalization of RM206.29 million./n
