Key Takeaway: Cybercrime will be included in Malaysia-Singapore cross-border crime cooperation , as the two countries prepare to renew their Memorandum of Understanding (MOU) on the matter. Malaysia’s Home Minister, Datuk Seri Saifuddin Nasution Ismail, announced that cybercrime will be a new focus in Malaysia-Singapore cross-border crime collaboration . The updated MOU will be signed on Nov 14 during Saifuddin’s meeting with Singapore’s Minister of Home Affairs and Law, K. Shanmugam. This move reflects the growing threat of cybercrime , which costs ASEAN an estimated US$64 billion annually. The agreement emphasizes capacity-building, intelligence-sharing, and joint operations as vital components for addressing cybercrime. The exchange of MOU documents will occur at the Annual Leaders' Retreat on Dec 8 in Malaysia, which will be attended by the prime ministers of both nations. Saifuddin also highlighted plans to discuss border congestion issues and will visit Singapore’s Immi
Maxis Bhd: The telecommunications company reported a 28% increase in net profit for Q3FY2024, driven by a larger subscriber base and reduced staff costs following layoffs. Net profit rose to RM366 million, up from RM207 million last year, and revenue grew 5.5% to RM2.58 billion. Maxis declared a third interim dividend of four sen per share. The company maintains its full-year guidance for modest growth.
99 Speed Mart Retail Holdings Bhd: Despite a dip in net profit by 3.5% to RM107.16 million for Q3FY2024, 99 Speed Mart saw 8.8% revenue growth to RM2.55 billion, driven by new store openings. Excluding one-off expenses, normalised profit increased by 13.2%.
Carlsberg Brewery Malaysia Bhd: The brewer reported a 19.8% increase in net profit for Q3FY2024, reaching RM90.96 million. Revenue rose 8.3%, primarily driven by strong sales in Malaysia, which grew 14.2%. A third interim dividend of 23 sen per share was declared, raising the total year-to-date dividend to 65 sen.
Westports Holdings Bhd: Westports saw a 19.5% rise in net profit to RM233.1 million for Q3FY2024, with 5.6% revenue growth driven by increased container volumes. The company did not declare any dividend for the quarter as it focuses on expansion.
PIE Industrial Bhd: PIE’s net profit dropped by 56.7% to RM8.84 million in Q3FY2024, impacted by reduced revenue in electronics manufacturing and foreign exchange losses. Revenue declined by 18.7% to RM244.5 million.
Duopharma Biotech Bhd: The pharmaceutical company posted a 73.9% surge in net profit to RM15.59 million for Q3FY2024, with revenue increasing by 23.3% to RM208.73 million, largely from the public health segment.
Milux Corp Bhd: Milux received an unconditional mandatory takeover offer from ABS Capital Sdn Bhd, which acquired a 63.88% stake in the company for RM64.9 million. The takeover offer is priced at 43.2 sen per share, and ABS intends to maintain Milux's listing status.
Steel Hawk Bhd: Steel Hawk secured a three-year subcontract from Petra Energy Bhd for offshore living quarters maintenance services. The contract has no fixed value but includes options for extensions.
Fajarbaru Builder Group Bhd: Fajarbaru withdrew from the Residensi Cemara affordable housing project in Putrajaya, valued at RM192 million. The withdrawal was accepted by Perbadanan Putrajaya.
JF Technology Bhd: The semiconductor company is acquiring stakes in Singapore-based Transcend Technologies and Q3 Probe for a combined value of RM26 million. The acquisitions are part of the company’s strategy to expand globally.
Sarawak Cable Bhd: Sarawak Cable announced that trading in its shares will be suspended from Nov 18, pending a court hearing for a judicial management application. The suspension will last until the hearing on Nov 20 or the expiry of any court order.
REDtone Digital Bhd: REDtone ceased to be a substantial shareholder in HeiTech Padu Bhd after selling a 1.01% stake, reducing its holding to 4.93%.
Cypark Resources Bhd: The renewable energy company announced the resignation of its CFO Vinie Chong Pui Ling, effective December 31, 2024, after only three months in the role. She is stepping down to pursue other interests.
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