Integrated chemical and lubricant distributor Samchem Holdings Bhd, which was recognised as the best company with a market capitalisation of under RM1 billion at The Edge Malaysia Centurion Club Corporate Awards 2022 and named Centurion of the Year, started as a small chemical distributor in 1989.

Highest growth in profit after tax over three years: INDUSTRIAL PRODUCTS & SERVICES: Samchem Holdings Bhd - Beating the odds with focus and agility

Keeping the recovery momentum by building long-term resilience, prioritising sustainability

The Edge Malaysia Centurion Club Corporate Awards, the brainchild of The Edge Media Group...

Recognising the toughest and grittiest companies under RM1 bil

CB Industrial Product Holding Bhd (CBIP), an integrated engineering, equipment and spare parts provider to the palm oil milling sector, is riding high on the commodity boom that has pushed crude palm prices to slightly above RM7,000 — the highest level at which the edible oil has been traded....

Highest growth in profit after tax over three years: INDUSTRIAL PRODUCTS & SERVICES: CB Industrial Product Holding Bhd - Riding the commodity boom

CI Holdings Bhd, whose major shareholder is former second finance minister Datuk Seri Johari Abdul Ghani, is principally involved in the manufacturing and packaging of edible oils. It is also in the trading and manufacturing of water taps and plumbing accessories.

Highest Returns to Shareholders over three years: CONSUMER PRODUCTS & SERVICES: CI Holdings Bhd - A pivotal venture that continues to pay off, bolstered by commodity price surge

After multiple lockdowns since the outbreak of the pandemic, SEG International Bhd (SEGi), which operates the SEGi Group of Colleges, welcomed students back to its campuses in mid-October 2021.

Highest return on equity over three years: CONSUMER PRODUCTS & SERVICES: SEG International Bhd - Riding the crest of changing times

Trading and distribution outfit Harrisons Holdings (Malaysia) Bhd, which has close to 85% of its business in the fast-moving consumer goods (FMCG) sector that is resilient to the effects of the pandemic, has been registering steady revenue and gross profit margin growth over the years. This resulted in the group posting net profit growth each year.

Highest growth in profit after tax over three years: CONSUMER PRODUCTS & SERVICES: Harrisons Holdings (Malaysia) Bhd - Growing steadily in a resilient sector

In realising its vision of enabling people to be healthier, Kotra Industries Bhd has also made its shareholders wealthier over the past three years.

Malaysia’s leading pharmaceutical group scored a hat-trick in The Edge Malaysia Centurion Club Corporate Awards 2022, clinching all three ...

Highest return on equity over three years & Highest growth in profit after tax over three years & Highest Returns to Shareholders over three years: HEALTHCARE: Kotra Industries Bhd - Solid pre-pandemic growth buffers Covid-19 headwinds

Insas Bhd, a diversified group that wholly owns stockbroking firm M&A Securities Sdn Bhd, did particularly well in the financial year ended June 30, 2021 (FY2021), thanks to a retail boom in the stock market.

Its net profit that year jumped 1,525% to RM242.2 million from RM14.9 mill...

Highest growth in profit after tax over three years: FINANCIAL SERVICES: Insas Bhd - Riding on market sentiment

Car upholstery specialist Pecca Group Bhd, which was listed on Bursa Malaysia in 2016, is principally engaged in the styling, manufacturing, distribution and installation of leather upholstery for the automotive and aviation industries. Its major customers include Perusahaan Otomobil Kedua Sdn Bh...

Highest Returns to Shareholders over three years: INDUSTRIAL PRODUCTS & SERVICES: Pecca Group Bhd - Car upholstery specialist surpasses itself

The years 2020 and 2021 were certainly the highlights of Comfort Gloves Bhd’s history, as it broke multiple records in these two years.

The glove manufacturer’s revenue exceeded the RM1 billion mark for the first time and profit soared to the highest ever when global demand reached unpr...

Highest return on equity over three years: INDUSTRIAL PRODUCTS & SERVICES: Comfort Gloves Bhd - A chapter of excellent performance 

At the end of April last year, iron ore — the key ingredient to make steel — hit a record high of US$193.85 per tonne on the S&P Global Platts Iron Ore Index, surpassing the previous high of US$193 that was recorded on Feb 15, 2011, during the commodity boom then. At the same time, both the I...

Highest growth in profit after tax over three years: INDUSTRIAL PRODUCTS & SERVICES: CSC Steel Holdings Bhd - Capitalising on strong demand

Despite how challenging the past three years have been for businesses, UOA Real Estate Investment Trust (REIT) — a commercial REIT that invests in office buildings — managed to outperform its peers and won the Highest Growth in Profit After Tax (PAT) Over Three Years under the REIT sector at The ...

Highest growth in profit after tax over three years: REIT: UOA REIT - New, strategically located assets bolstered occupancy rates, profits

In contrast to the majority of players in the property sector that have seen declining share prices over the past three years, HCK Capital Group Bhd has bucked the trend.

Highest Returns to Shareholders over three years: PROPERTY: HCK Capital Group Bhd - Share price bucks the trend

US equity funds registered their fourth successive weekly outflows in the week ended April 24, hit by fading expectations for rate cuts this year.

US equity funds see fourth straight week of outflows amid rate cut reassessment

HULU SELANGOR (April 28): The Ministry of Health (MOH) stands by its decision to amend the Medical Act 1971 (Act 50) to bridge the gap between the parallel pathway programme (PPP) and the local medical degree programme, despite objections from some parties.

Health Ministry stands by decision to amend Medical Act 1971

US monthly inflation rose moderately in March, but stubbornly higher housing and transportation costs suggested the Federal Reserve could keep interest rates elevated for a while.

US inflation rises in line with expectations; consumer spending strong

The country’s fifth-generation (5G) network adoption rate has reached nearly 36% as of mid-April, while the service coverage rate stood at 80.3% in February.

Fahmi: 5G adoption rate almost 36%, coverage 80.3%, second network unveiling next week

Fast-fashion firm Shein has been drawn under the scope of flagship European Union (EU) rules designed to clamp down on illegal and harmful content online, aimed at stopping the spread of counterfeit items on the platform.

EU hits fast-fashion giant Shein with new digital rules

Anglo American rejected rival miner BHP Group's £31.1 billion pound (RM186 billion) takeover proposal on Friday, saying the bid significantly undervalued the London-listed miner and its future prospects.

Anglo American rejects BHP's US$39b takeover proposal

HOUSTON/BENGALURU (April 26): Oil giant Chevron Corp beat estimates for first-quarter profit on Friday, as higher production volumes in the US helped offset a hit from weak natural gas prices and fuel margins.

Chevron posts 1Q profit beat with oil production gains

President Xi Jinping warned America’s top diplomat that the US shouldn’t target or oppose China, as the world’s largest economies wrapped two days of talks spanning thorny disputes on trade and Beijing’s support for Russia’s war machine.

Xi warns Blinken against ‘vicious competition’ between US, China

Datuk Seri Anwar Ibrahim said he will be returning the allowance received as chairman of Khazanah Nasional Berhad, reiterating that he does not draw a salary for the position of prime minister that he has held since November 2022.

Anwar returns Khazanah allowance, reiterates stance on salary waiver

Homeritz Corporation Bhd’s net profit surged by 65.9% in the second quarter ended Feb 29, 2024 (2QFY2024) to RM9.24 million, due to increased sales volume and a stronger US dollar.

Homeritz’s 2Q net profit jumps 66% on increased sales volume, stronger greenback

Most read this week - Stay up to date with the biggest news and latest trending topics by checking out the top 10 articles of the week. 

Most read this week

The Inland Revenue Board (IRB) on Friday announced that the deadline for taxpayers to submit Form E and CP8D has been extended to May 31.

Deadline to submit Form E, CP8D extended to May 31, says IRB

Berjaya Corp&nbsp;Bhd (BCorp) has denied that its founder Tan Sri&nbsp;Vincent Tan Chee Yioun participated in talks to revive a US$100 billion (RM477.60 billion)&nbsp;Forest City casino resort as reported recently.

Berjaya Corp denies participation in talks to revive Forest City casino resort

Maxis Bhd could work with another consortium partner to lower the cost of deploying the second 5G network, even after the recapitalisation of Digital Nasional Bhd (DNB), said RHB Research in a note on Friday.

Maxis could lead second 5G network roll-out with new consortium partner, says RHB Research

Analysts believe Capital A Bhd's proposed restructuring plan will help the group exit the Practice Note 17 (PN17) status and enhance its competitiveness, as well as provide benefits to AirAsia X Bhd's (AAX) shareholders in terms of free warrants and improved company valuation post restructuring.

Analysts positive restructuring plan will uplift Capital A's PN17 status, benefit AirAsia X shareholders

The corporate exercise to merge the AirAsia airline businesses under AirAsia X Bhd (AAX) is apparently sufficient to offset all of the RM8.7 billion negative equity in Capital A Bhd, according to chief executive officer Tan Sri Tony Fernandes.

Merger of airlines alone enough to reverse all of Capital A's negative equity, says Fernandes

Doctor-turned-businessman Tan Sri Mohan MK Swami and his partner Datuk Seri Dr Shamir Kumar Nandy agreed on Friday to acquire a 58% stake in property management company Turiya Bhd for RM52.86 million from MAA Group Bhd.

Mohan Swami, partner agree to buy 58% of Turiya for RM52.86m from MAA Group

Uday Kotak built his Kotak Mahindra Bank Ltd over decades to become Asia’s richest banker. After India’s regulator slapped his firm with a surprise ban, he’s facing one of his biggest tests yet — and a dip in wealth.

Asia’s richest banker loses US$1.2 bil after RBI ban

Shares in ViTrox Corp Bhd fell to their lowest in a month, as first-quarter results disappointed investors, while analysts turned increasingly cautious on the semiconductor company’s near-term prospects.

ViTrox fell as much as 6% before ending the day at RM7.40, its lowest since March 26, 2024. The stock was still down a little under 3% at the closing bell after 5.29 million shares changed hands. In contrast, the country’s benchmark index FBM KLCI was 0.4% higher.

ViTrox slips to one-month low as 1Q disappoints, analysts raise caution

Malayan Banking Bhd (Maybank) has obtained a summary judgement at the High Court here against ACE Credit (M) Sdn Bhd, ACE Corporation (M) Sdn Bhd, and the company directors Datuk Choong Chee Meng and Chang Ai Nee, for defaulting on a RM46.47 million loan given to them by the bank.

Maybank obtains summary judgement against ACE Corporation, three others for RM46m loan default

Prime Minister Datuk Seri Anwar Ibrahim on Friday suggested all parties mentioned in a recent report&nbsp;alleging that the government is planning to issue&nbsp;a licence for a casino in&nbsp;Forest City, Johor, to take necessary action&nbsp;against the foreign news agency.

Anwar wants action taken against Forest City casino licence news report

KUALA LUMPUR (April 26): Gamuda Land, the property arm of Gamuda Bhd, has unveiled partners for Gardens Square, the latest commercial development at the 810-acre Gamuda Gardens in Sungai Buloh.

Gamuda Land announces retail partners for upcoming commercial development in Gamuda Gardens

The country’s&nbsp;fifth-generation (5G) network&nbsp;adoption rate has reached nearly 36% as of mid-April, while the service coverage rate stood at 80.3% in February.

The Employees Provident Fund (EPF) has emerged as the second largest shareholder of aero-engine components manufacturer Sam Engineering &amp; Equipment (M) Bhd, after Singapore's sovereign wealth fund Temasek Holdings Pte Ltd.

EPF emerges as second largest shareholder of Sam Engineering

Nestle (Malaysia) Bhd is slated to raise prices for 22 of its products starting July 1, according to the Federation of Sundry Goods Merchants Associations of Malaysia (FSGMAM).

Nestle Malaysia to adjust prices of 22 products starting July 1

Shares of AirAsia X Bhd (AAX) rose to a six-month high as investors cheered a restructuring plan that would make the company the largest low-cost carrier in Southeast Asia.

AirAsia X logs best day in six months on Capital A restructuring

YNH Property Bhd (YNH) issued a clarification to bondholders via Malaysian Trustee Bhd on the technical default of its Islamic notes, as well as the status of its mall sale and the appointment of a new auditor.

YNH says it has remedied 'technical default' involving sukuk programme

MYAirline Sdn Bhd will continue to retain its nominated post holders as well as key personnel, while ensuring that its air operator’s certificate (AOC) documentation remains as current as possible.

MYAirline seeking multiple investors, to retain nominated post holders

The world’s 3,000 billionaires should pay a minimum 2% tax on their fast-growing wealth to raise £250 billion (RM1.28 trillion) a year for the global fight against poverty, inequality and global heating, ministers from four leading economies have suggested.

World’s billionaires should pay minimum 2% wealth tax, say G20 ministers

Pavilion Real Estate Investment Trust rose to its highest in more than a month&nbsp;after the release of its first-quarter results, while analysts expect the REIT, which mainly manages shopping malls, to benefit further from higher tourist arrivals.

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