logo
Pentamaster names Hon Tuck Weng as new CEO

Pentamaster names Hon Tuck Weng as new CEO

The Star09-05-2025
KUALA LUMPUR: Pentamaster Corp Bhd has appointed Hon Tuck Weng as its chief executive officer, effective May 9, 2025.
Hon, 54, has more than 25 years of experience in automation solutions industry.
In a filing with Bursa Malaysia, Pentamaster said Hon began his career with the group in March 1995 as a software programmer and has served as operations director since May 2007.
He is responsible for overseeing the group's daily operations in management information systems, quality assurance and control, manufacturing facilities, as well as internal systems and control functions.
He sits on the ESG committee as well as risk management committee of the group.
Hon holds a qualification in Engineering Business Management from the University of Warwick, UK.
In the first quarter ended March 31, the group's net profit fell 32.6% to RM13.1mil, or earnings per share of 1.84 sen compared with RM19.4mil, or 2.72 sen in the year-ago quarter.
Its revenue fell 22.9% to RM131.6mil against RM170.8mil last year.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Bursa Malaysia lower at midday on cautious sentiment
Bursa Malaysia lower at midday on cautious sentiment

New Straits Times

time2 hours ago

  • New Straits Times

Bursa Malaysia lower at midday on cautious sentiment

KUALA LUMPUR: Bursa Malaysia remained lower at midday on Wednesday, as investors stayed cautious while digesting key United States economic data amid mixed regional sentiment. At 12.30 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) slipped 5.21 points to 1,518.61, from Tuesday's close of 1,523.82. The benchmark index opened 0.28 of a point higher at 1,524.10 and moved between 1,516.96 and 1,524.10 throughout the morning session. Market breadth was negative, with 538 decliners outpacing 231 gainers. Another 479 counters were unchanged, 1,283 untraded and 90 suspended. Turnover stood at 1.55 billion securities worth RM939.65 million. In a note today, Hong Leong Investment Bank Bhd said market sentiment is likely to remain cautious in the near term, with the FBM KLCI expected to trade within the 1,510 to 1,550 range this week. "However, downside risk may be cushioned by the unveiling of the 13th Malaysia Plan on July 31. The strategic framework, which charts Malaysia's economic direction from 2026 to 2030, will be critical as the nation navigates an increasingly complex and competitive global landscape," it said. Regionally, Bursa Malaysia mirrored the uneven tone across Asian markets. Hong Kong's Hang Seng Index slipped 0.43 per cent to 25,415.94, while Singapore's Straits Times Index edged down 0.36 per cent to 4,214.08. Japan's Nikkei 225 eked out a 0.05 per cent gain to close at 40,696.47, and South Korea's Kospi climbed 1.10 per cent to 3,265.96. Among the heavyweights, Maybank lost six sen to RM9.46, Tenaga Nasional fell eight sen to RM13.24, CIMB slipped nine sen to RM6.55, while IHH Healthcare edged up one sen to RM6.61. Public Bank was flat at RM4.21. In active trade, NexG was unchanged at 53 sen, Pharmaniaga fell two sen to 16 sen, SFP Tech eased 2.5 sen to 16 sen, Tanco declined nine sen to 83.5 sen, and Harvest Miracle Capital dipped half a sen to 17 sen. Top gainers included Chin Teck Plantations, which rose 28 sen to RM9.77, Ireka Corporation, up 21.5 sen to 28.5 sen, and Kuala Lumpur Kepong, which added 20 sen to RM19.72. Among the top losers, Allianz Malaysia and Fraser and Neave both declined 30 sen to RM17.40 and RM28.60, respectively. Across the broader market, the FBM Emas Index shed 40.03 points to 11,400.10, the FBMT 100 Index eased 37.78 points to 11,163.75, and the FBM ACE Index lost 51.41 points to 4,575.21. The FBM Emas Shariah Index dropped 23.67 points to 11,454.42, and the FBM 70 Index slid 53.39 points to 16,474.82. By sector, the Industrial Products and Services Index was up 0.83 of a point at 160.21, and the Plantation Index rose 12.73 points to 7,407.76. Meanwhile, the Financial Services Index declined 98.60 points to 17,210.74, and the Energy Index fell 2.53 points to 741.19. Separately, trading in the securities of Alpha Ocean Resources Bhd was halted at 11.39 am and is scheduled to resume at 2.30 pm.

FBM KLCI remains negative amid investor jitters
FBM KLCI remains negative amid investor jitters

The Star

time2 hours ago

  • The Star

FBM KLCI remains negative amid investor jitters

KUALA LUMPUR: The profit-taking on Bursa Malaysia continued on Wednesday, with investors cashing out ahead of the Aug 1 US tariffs deadline and the Federal Reserve rate decision later tonight. At 12.30pm, the benchmark FBM KLCI was down 5.21 points to 1,518.61 with the decline led by heavyweight banks. Among the leading laggards, CIMB slid nine sen to RM6.55, Maybank dropped six sen to RM9.46 and RHB lost three sen to RM6.18. Tenga Nasional retreated eight sen to RM13.24, while YTL Power shed five sen to RM4.07 and YTL Corp dropped four sen to RM2.44. There was also a broad decline among the lower liners with the number of negative issues outnumbering positive at a ratio of more than 2-to-1. Volume was 1.55 billion shares changing hands for RM939.65mil. Of actives, NexG was flat at 53 sen, Pharmaniaga dropped two sen to 16 sen and SFP Tech slid 2.5 sen to 16 sen. Asian markets are in a cautious mood as investors brace for a raft of big tech earnings scheduled for release on Wall Street, as well as the latest guidance from the Fed and econonomic reports on the health of the US economy. Following the previous day's weakness, there was mild upward retracement in major markets. China's composite index was up 0.52% to 3,628 while Hong Kong's Hang Seng fell 0.43% to 25,415. Japan's NIkkei was flat at 40,678 and South Korea's Kospi jumped 1.14% to 3,267.

Alpha Ocean signs RM360mil deal for tuna port, tourism belt in Kota Kinabalu
Alpha Ocean signs RM360mil deal for tuna port, tourism belt in Kota Kinabalu

New Straits Times

time2 hours ago

  • New Straits Times

Alpha Ocean signs RM360mil deal for tuna port, tourism belt in Kota Kinabalu

KUALA LUMPUR: Alpha Ocean Resources Bhd has signed a memorandum of agreement (MoA) with the mayor of Kota Kinabalu for a RM360 million revitalisation project in Sabah's capital. The project involves the development of a tuna and deep-sea fishing landing port and a marine tourism and hospitality belt, the company said in a filing with Bursa Malaysia. It will cover two parcels of land near the city's waterfront, with potential expansion to a nearby 16-acre site. The plan aims to boost both fishing activities and tourism-related infrastructure. Alpha Ocean and the mayor, representing the Kota Kinabalu City Hall, will set up a special-purpose company to manage the project. Alpha Ocean will hold a 70 per cent stake, while the remaining 30 per cent will be held by the mayor or a nominated entity. The company will be responsible for funding, development and day-to-day operations. Under the agreement, Alpha Ocean will receive the rights to operate and maintain the site for 30 years. The concession will be automatically renewed for another 30 years, with the option of a third extension, subject to mutual agreement. The MoA sets out preliminary terms of cooperation and allows both parties one year to finalise a full joint venture and concession agreement. Alpha Ocean said the project supports its strategy to diversify into infrastructure while leveraging its seafood industry expertise. "It will create a sustainable growth platform and expand Alpha Ocean's presence in Kota Kinabalu, contributing to the city's economic development," the company said.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store