Latest news with #MainMarket
Argaam
2 days ago
- Business
- Argaam
Tadawul announces amended tick size regime
The Saudi Exchange (Tadawul) announced amendments to its minimal incremental price movement bands of traded securities on an order book (tick size bands) for the Main Market (TASI) and the Nomu-Parallel Market, excluding debt instruments. These changes, slated to come into effect as of June 29, further align Tadawul with best global practices, according to a statement. The new tick size regime introduces thinner price spreads. This is besides an additional band for securities priced at SAR 500 and above in order to maintain a sound minimum price variation. Earlier today, June 26, Tadawul canceled all outstanding orders after today's market close, ahead of the announcement of the amended tick size scales.
The Star
3 days ago
- Business
- The Star
Unique Fire eyes global expansion after Main Market transfer
KUALA LUMPUR: Fire protection solutions provider Unique Fire Holdings Bhd is gearing up for international expansion, driven by product innovation, certification efforts, and an increased local presence, following its recent transfer from the ACE Market to the Main Market of Bursa Malaysia. At 9 am, the company debuted on the Main Market at 37.5 sen, unchanged from its closing price on the ACE Market, with 46,000 shares traded. Its executive director Datuk Marcus Liew Kang Leong said the group is actively strengthening its portfolio through three major growth initiatives. "Last year, we entered into a joint venture with a Chinese partner to manufacture fire sprinklers. "We are currently undergoing the underwriters laboratories (UL) certification process, which takes about 12 months to 18 months,' he told a press conference held in conjunction with the company's listing transfer ceremony here today. Once certified, Liew said the UL endorsement, one of the stringent global standards for fire safety equipment, will enable the company to export its products to key markets, including the Middle East, Europe, the United States (US), and other parts of the world. Liew also addressed concerns regarding the US-imposed tariffs, noting that the company is currently not affected, as most of its revenue is still generated in Malaysia. "We rarely export to the US at this point. Even if tariffs are introduced later, we expect them to apply equally to all exporters. Malaysia's tariff rate is in the mid-range,' he said. Apart from that, Liew also said that the company has expanded to Penang and Johor Bahru. "With this expansion, our sales have grown tremendously. The goal of these two expansions is not just to showcase our product capabilities, but to create greater convenience for our customers,' he added. Unique Fire, a distributor of fire protection systems, equipment, and accessories, also manufactures and distributes custom graphics designed for fire extinguishers. The company has since expanded its activities, and today, it is primarily involved in the assembly, manufacture, and distribution of active fire protection systems, equipment, and accessories for built environments, including fire suppression systems, fire extinguishers, fire hose reels, fire hoses, fire alarms, and detection devices. Unique Fire, which debuted on the ACE Market in August 2022, has made strong strides in financial performance and operational growth. - Bernama
The Star
3 days ago
- Business
- The Star
HI Mobility registers surge in 1Q net profit on as ridership grows
KUALA LUMPUR: HI Mobility Bhd recored a 25.1% quarter-on-quarter jump in net profit to RM12.6mil on revenue of RM73.76mil in the first financial quarter ended April 30, 2025, as the bus operator experienced an increase in ridership and strong commuter demand. There were no year-on-year comparative results available for the company, which was listed on the Main Market on March 28 this year. In a statement, HI Mobility said the scheduled bus services segment, being the core revenue contributor, accounted for 94.5% of its revenue. The remaining 5.5% was contributed by the chartered bus services and other ancillary services segments, such as the provision of bus repair and maintenance services, as well as advertising space. The board of directors declared an interim dividend of one sen per share, payable on Jul7, 28, 2025. "Our resilient performance this quarter reflects the strength of our recurring business model, underpinned by long-term government contracts and robust demand for public transport, including cross-border services," said executive director and CEO Lim Chern Chuen. "While the previous quarter's performance was boosted by year-end related seasonalities including the Christmas period and school holidays, which created a higher comparison base, our latest results remain commendable and reflect continued stability of our operations.' He added that the company's unbilled order book expanded substantially to RM303.8mil as of April 30, 2025, from RM174.6mil in the preceding quarter, providing earnings visibility for the next three years.
Argaam
5 days ago
- Business
- Argaam
Tadawul announces indices maintenance for Q2 2025
The Saudi Exchange (Tadawul) announced the update of the free float shares for all listed issuers in the Main Market and the Nomu-Parallel Market, effective from the start of trading on June 29.
The Sun
20-06-2025
- Business
- The Sun
Sector diversity, regulatory strength fuel Bursa Malaysia IPO pipeline: Baker Tilly
PETALING JAYA: Malaysia's capital market is experiencing a notable upswing in 2025 as Bursa Malaysia is forecasting a significant increase in new public listings, with expectations set at 60 initial public offerings and a targeted total market capitalisation of RM40.2 billion. According to Baker Tilly Asia Pacific's latest publication Pathways to the APAC Capital Markets, Malaysia's momentum builds on a robust 2024, during which 55 companies chose to list and collectively raised RM7.4 billion, marking the highest number of listings in Asean by volume. The sectors represented in Malaysia's listing pipeline is diverse, the report said, adding that companies from consumer goods, healthcare, logistics and technology are showing strong interest in going public. These industries are being buoyed by a combination of government incentives and heightened investor appetite, both of which are contributing to a dynamic and attractive investment environment, the report noted. 'Malaysia has always punched above its weight when it comes to capital markets,' said Andrew Heng, who is the group managing partner of Baker Tilly Malaysia. 'As confidence returns to the region post-pandemic and amid geopolitical realignments, we expect more companies to explore IPOs and cross-border listings – and Malaysia will be on their radar,' he said in a statement. One of Malaysia's key advantages is the relative ease of access it offers to both local and foreign companies seeking to list, the report said. The structured framework of the Main Market and the ACE Market provides clear pathways for companies at various stages of growth, making Malaysia a practical choice for businesses looking to tap into public capital. Regulatory stability enhances Malaysia's appeal as a listing destination. The report also noted that Securities Commission Malaysia and Bursa Malaysia continue to demonstrate strong oversight while remaining open to innovation. Notable steps include progressive moves toward enhanced ESG reporting and the development of alternative fundraising frameworks, ensuring that the market remains both secure and forward-looking. These factors collectively position Malaysia's capital market as a serious contender for companies and investors seeking opportunity and stability in the region, according to the report,
