Singapore is exploring plans to expand its gold storage capacity as it seeks to position itself as a major global bullion trading hub , targeting central bank reserves and institutional flows. Strategic Push Into Bullion Market Authorities are evaluating potential sites — including areas near Changi Airport — to enhance vaulting infrastructure for gold storage , according to sources familiar with the discussions. The Monetary Authority of Singapore confirmed it is considering the use of existing facilities for gold vaulting , though it stopped short of confirming expansion plans. The move aligns with Singapore’s broader ambition to strengthen its role in precious metals trading and financial services . Targeting Central Banks and Institutional Demand A key objective is to attract central banks , which collectively hold around 39,000 tonnes of gold , accounting for roughly 18% of global supply , according to the World Gold...
Key Corporate Highlights
YTL Power International (KL:YTLPOWR)
YTL Power has completed its first Nvidia-powered AI data centre in Johor under its YTL AI Cloud initiative. The facility, built in partnership with Nvidia Corp, is now operational and marks a major step in positioning Malaysia as a regional AI infrastructure hub.
Mega Fortris (KL:MEGAFB)
OCBC Group and its affiliate Lion OCBC Capital Asia I Holdings have divested their entire 25.99% indirect stake in Mega Fortris Global Pte Ltd to ProWealth Management Holding Ltd, marking the entry of a new strategic investor.
CIMB Group Holdings (KL:CIMB)
CIMB successfully issued its first-ever renminbi-denominated “panda bond” in China, raising RMB 3 billion (RM1.77 billion) with a fixed coupon of 2.18% — the lowest among Asean issuers. Proceeds will fund cross-border expansion and support its China operations.
Sarawak Consolidated Industries (KL:SCIB)
SCIB received a second revised PR1MA contract worth RM172.4 million to build affordable homes in Kota Bharu, Kelantan. The increase reflects updated project scope and value-engineering improvements.
Frontken Corp (KL:FRONTKN)
Frontken reported a 30% rise in 3QFY2025 net profit to RM45.83 million, driven by higher volumes, with revenue up 12% y-o-y to RM161.87 million. The group plans a “minor” facility expansion in Taiwan by mid-2026.
Unisem (KL:UNISEM)
Unisem’s 3QFY2025 net profit fell 27.5% to RM19.38 million, weighed by foreign exchange losses and higher costsfrom its new Gopeng plant, despite a 20.3% increase in revenue to RM492.74 million. A two sen interim dividend will be paid on Jan 9, 2026.
Enproserve Group (KL:ENPRO)
Enproserve secured a two-year onshore pipeline maintenance contract from Petronas Carigali Sdn Bhd. The value will depend on work orders issued throughout the contract duration.
Country Heights Holdings (KL:CHHB)
Auditors flagged going concern risks as liabilities exceeded assets in FY2025. The company plans cost rationalisation, asset disposals, fundraising, and debt restructuring to strengthen its balance sheet.
Careplus Group (KL:CAREPLS)
Auditors issued an unqualified opinion with material uncertainty, citing heavy FY2025 losses, operating cash outflows, and accumulated deficits, raising questions about the glove maker’s financial sustainability.
NexG Bhd (KL:NEXG)
Former executive deputy chairman Tan Sri Mohd Khairul Adib Abd Rahman increased his stake by 4.31% (150.34 million shares) via Skyelimit Alliance Sdn Bhd, lifting his total shareholding to 16.96% in a direct business deal.
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