Latest news with #AfzalAbdulRahim
The Star
04-07-2025
- Business
- The Star
Trading ideas: Econpile, LBA, Kelington, Time dotCom, Wang-Zheng, Perdana Petroleum
KUALA LUMPUR: Stocks to watch today include Econpile Holdings Bhd , LB Aluminium Bhd (LBA), Kelington Group Bhd , TIME Dotcom Bhd , Wang-Zheng Bhd , and Perdana Petroleum Bhd following recent corporate announcements. Econpile, through its wholly-owned subsidiary Econpile (M) Sdn Bhd, has bagged two separate contracts from LFE Engineering Sdn Bhd and LFE Innovative Sdn Bhd for a combined sum of RM57.95mil. LBA is acquiring a parcel of leasehold industrial land in Banting, Selangor from Lucksoon Coatings Sdn Bhd for RM22mil. Kelington has signed a memorandum of understanding (MoU) with PETRONAS CCS Solutions Sdn Bhd to explore carbon capture technologies. Time Dotcom has appointed Loh Jenkim, 53, as group chief executive officer effective Sept 23, 2025, succeeding Afzal Abdul Rahim. Afzal, 47, will be redesignated to executive vice chairman from group CEO, effective Sept 23. Wang-Zheng estimates a provisional loss of approximately RM20mil from the fire that had broken out at the factory and warehouse of its wholly-owned subsidiary, Carefeel Cotton Industries (M) Sdn Bhd. Perdana Petroleum's wholly-owned subsidiary Perdana Nautika Sdn Bhd has secured a charter contract from PTTEP Sabah Oil Ltd for an anchor handling tug and supply (AHTS) vessel.
The Star
23-05-2025
- Business
- The Star
Time Dotcom 1Q net profit rises to RM112.99mil
KUALA LUMPUR: TIME Dotcom Bhd recorded a higher net profit of RM112.99 million in the first quarter ended March 31, 2025 (1Q 2025) from RM110.67 million in the same period last year. Revenue rose by 2.6 per cent to RM428.59 million from RM417.77 million previously, supported by sustained demand for data and connectivity solutions and driven by the retail segment, it said in a Bursa Malaysia filing. "Profit remained steady, reflecting reduced contributions from investment and interest income, along with net foreign exchange losses, in contrast to gains in the same period last year,' it said. On prospects, the telecommunications service provider said it remains committed to the long-term growth of its connectivity business by expanding network coverage, leveraging its execution track record, and implementing effective go-to-market strategies to deliver innovative products, solutions and services to customers. "The group is also committed to driving sustainability practices across its operations and expanding its new renewable energy businesses in response to evolving market opportunities,' Time Dotcom said. Meanwhile, in a separate statement, its commander-in-chief, Afzal Abdul Rahim, said while the industry continues to evolve, the group remains focused on what matters most -- delivering reliable services, enhancing customer experience, and strengthening its core capabilities. - Bernama
