Latest news with #RM13.7
Business Times
2 days ago
- Business
- Business Times
Stocks to watch: AEM, Aztech Global
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Friday (Jun 27): AEM : The semiconductor test solutions provider raised its revenue guidance for its first half ending June to between S$185 million and S$195 million, up from an earlier range of S$155 million to S$170 million. The group on Thursday said the upward revision follows an unexpected pull-in of orders into FY2025, but maintained its view that the business environment faces uncertainty stemming from the tariff situation. It will report its earnings on Aug 13. The counter ended Thursday 14.5 per cent or S$0.18 higher at S$1.42 after the announcement. Aztech Global : Its wholly owned subsidiary Huuve on Wednesday entered into a sale and purchase agreement with JT Automation Technology (Malaysia) to divest factory buildings and land in Johor, Malaysia, for a consideration of RM28.8 million (S$8.7 million). Upon completion of the sale, which is subject to approval from the Johor State Authority, the group will reap a net gain of around RM13.7 million. The counter ended Thursday 4.3 per cent or S$0.025 higher at S$0.60, before the announcement.
Borneo Post
4 days ago
- Politics
- Borneo Post
Science-based approach guiding Sarawak towards low-carbon status, says Awg Tengah
Len Talif (centre) and Jack (second from left), along with guests and workshop participants, pose for a group photo after the closing ceremony. KUCHING (June 25): Sarawak is moving towards becoming a low-carbon state through a science-based, innovative and inclusive approach, said Deputy Premier Datuk Amar Awang Tengah Ali Hasan. The Second State Minister for Natural Resources and Urban Development said other efforts include the enactment of the Environment (Reduction of Greenhouse Gases Emission) Ordinance 2023, implementation of the state's climate change policy, and investments in renewable energy such as hydroelectric, solar and biomass. 'All these initiatives are aligned with Sarawak's aspiration to achieve net zero emissions by 2050 and become a regional leader in the green economy,' he said in a speech for the closing ceremony of a workshop for Environmental Lovers Club (PALS) teacher advisors, here today. The text of his speech was read by State Deputy Minister of Natural Resources and Urban Development Datuk Len Talif Salleh. The event was attended by representatives from 100 schools across the state. Awang Tengah added that at the school level, PALS serves as a key platform in educating students on environmental sustainability. In this regard, he welcomed all efforts spearheaded by the Natural Resources and Environment Board (NREB) and other strategic partners in strengthening environmental education, including major initiatives such as the establishment of PALS in all schools across the state. 'As proof of the Sarawak government's commitment to sustainability education, Premier Datuk Patinggi Tan Sri Abang Johari Tun Openg approved a special grant of RM13.7 million last year to support the establishment of PALS clubs in all schools by 2030 or earlier, in line with the aspiration to make Sarawak a green, healthy and sustainable state,' he said. The grant, he added, reflects the government's seriousness in involving the younger generation directly in conservation and preservation efforts. On the workshop, Awang Tengah said it was a timely effort toward strengthening educators' capacity to effectively deliver sustainability messages and to inspire students to actively participate in conservation. Also present at the closing ceremony were NREB Sarawak Environmental Quality Controller Datu Jack Liam, and Sarawak Education Department deputy director (Planning Sector) Dr Abang Andam @ Abang Adam Abang Deli. Awang Tengah innovative low-carbon Science
The Star
18-06-2025
- Business
- The Star
ConocoPhillips eyes investment in Sabah, reaffirms commitment to Malaysia
ConocoPhillips CEO Ryan Lance KUALA LUMPUR: United States oil giant ConocoPhillips has set its sights on potential investments in Sabah while reaffirming its long-term commitment to Malaysia. Its chief executive officer, Ryan Lance, said the company is currently in discussions with Petroliam Nasional Bhd (PETRONAS) regarding investment opportunities in the country. "We are going to invest in Sabah going forward, and we are exploring many opportunities with PETRONAS,' he told Bernama after participating in a Leadership Dialogue session titled "Gas and Liquefied Natural Gas (LNG): Investing for the Long Term" here today. The session, held as part of Energy Asia 2025, also featured other panellists, including PETRONAS Gas and Maritime executive vice president and chief executive officer Datuk Adif Zulkifli, and was moderated by S&P Global senior vice president and chief energy strategist Dr Atul Arya. ConocoPhillips had announced on April 30 that it had exited from operating the Salam-Patawali deepwater oil and gas field, also known as Block WL4-00, off Sarawak's coast. The field, discovered jointly with PETRONAS in 2018, was developed under a 50:50 joint venture valued at about RM13.7 billion (US$3.13 billion). The company, in a brief statement, said that the withdrawal was part of a "country strategy review', without further elaboration. According ConocoPhillips website, the company is engaged in various stages of exploration, development, and production activities across Malaysia, with working interests in five production sharing contracts (PSCs). Four of these PSCs are located in waters off the eastern Malaysian state of Sabah: Block G, Block J, the Kebabangan Cluster and the Ubah Cluster, which was acquired in 2024. Meanwhile, during the leadership dialogue, Lance said ConocoPhillips remains confident about its prospects in the LNG sector and is ready to develop more LNG projects. Responding to a question on the emerging trend of longer-term LNG contracts, Lance noted that a mixed approach is emerging, with some multi-decade deals taking place in Qatar. "Generally, customers want flexibility, shorter-term contracts with some destination flexibility. But it remains to be seen whether the developer, purchaser, or seller of the LNG will offer that kind of flexibility. "That kind of optionality will be key to accessing arbitrage opportunities across global importing regions,' he said. Asked whether LNG pricing poses a barrier to entry into the Asian market, Lance said ConocoPhillips maintains a long-term, constructive view on pricing. "There will be ups and downs, as there always are in this business, but overall the outlook remains positive over the long term,' he added. - Bernama
New Straits Times
18-06-2025
- Business
- New Straits Times
US oil giant ConocoPhillips eyes Sabah market
KUALA LUMPUR: United States oil giant ConocoPhillips has set its sights on potential investments in Sabah while reaffirming its long-term commitment to Malaysia. Its chief executive officer, Ryan Lance, said the company is currently in discussions with Petroliam Nasional Bhd (Petronas) regarding investment opportunities in the country. "We are going to invest in Sabah going forward, and we are exploring many opportunities with Petronas," he told Bernama after participating in a Leadership Dialogue session titled "Gas and Liquefied Natural Gas (LNG): Investing for the Long Term" here today. The session, held as part of Energy Asia 2025, also featured other panellists, including Petronas Gas and Maritime executive vice president and chief executive officer Datuk Adif Zulkifli, and was moderated by S&P Global senior vice president and chief energy strategist Dr Atul Arya. ConocoPhillips had announced on April 30 that it had exited from operating the Salam-Patawali deepwater oil and gas field, also known as Block WL4-00, off Sarawak's coast. The field, discovered jointly with Petronas in 2018, was developed under a 50:50 joint venture valued at about RM13.7 billion (US$3.13 billion). The company, in a brief statement, said that the withdrawal was part of a "country strategy review", without further elaboration. According ConocoPhillips website, the company is engaged in various stages of exploration, development, and production activities across Malaysia, with working interests in five production sharing contracts (PSCs). Four of these PSCs are located in waters off the eastern Malaysian state of Sabah: Block G, Block J, the Kebabangan Cluster and the Ubah Cluster, which was acquired in 2024. Meanwhile, during the leadership dialogue, Lance said ConocoPhillips remains confident about its prospects in the LNG sector and is ready to develop more LNG projects. Responding to a question on the emerging trend of longer-term LNG contracts, Lance noted that a mixed approach is emerging, with some multi-decade deals taking place in Qatar. "Generally, customers want flexibility, shorter-term contracts with some destination flexibility. But it remains to be seen whether the developer, purchaser, or seller of the LNG will offer that kind of flexibility. "That kind of optionality will be key to accessing arbitrage opportunities across global importing regions," he said. Asked whether LNG pricing poses a barrier to entry into the Asian market, Lance said ConocoPhillips maintains a long-term, constructive view on pricing. "There will be ups and downs, as there always are in this business, but overall the outlook remains positive over the long term," he added.
The Sun
27-05-2025
- Business
- The Sun
AutoCount achieves profit of RM13.65m in Q1 FY25 as phase 3 of e-Invoicing approaches
KUALA LUMPUR: Autocount Dotcom Bhd, a developer and distributor of financial management software, recorded a net profit of RM13.65 million for the first quarter (Q1) ended March 31, 2025 (FY25), surging 235.4% year-on-year from RM4.07 million previously, underscoring the strong demand for its e-invoicing solutions. The profitability was supported by the group's quarterly revenue of RM25.55 million, reflecting an increase of 86.9% compared to RM13.7 million in the same quarter last year. This performance was primarily driven by increased adoption of AutoCount's e-invoicing module, aligning with the government's ongoing efforts toward digitalisation and compliance. AutoCount also reported a strong operating cash flow of RM17.32 million in the quarter, demonstrating the group's financial resilience and solid capability to fund ongoing growth initiatives. Net profit margin improved significantly to 53.4%, benefiting from a favourable cost structure that includes largely fixed expenses such as staff-related costs, which do not increase proportionally with revenue, enhancing the operating leverage as revenue expands. Managing director YT Choo said the company's record performance in Q1 FY25 highlights its strategic success in capitalising on the growing e-invoicing market. 'Our scalable cost structure has enabled us to effectively convert increased revenues into higher profitability, and our strong cash flow positions us well to sustain this growth trajectory,' he said. AutoCount remains optimistic about future performance driven by the forthcoming implementation phases of Malaysia's e-invoicing mandate. Phase 3, affecting businesses with annual revenues between RM500,000 and RM25 million, will begin on July 1, 2025, followed by Phase 4 on January 1, 2026, which covers businesses with annual revenues between RM150,000 and RM500,000. Additionally, the recently introduced AutoCount OneSales PalmPOS, a mobile POS solution designed specifically for micro-SMEs, is expected to further enhance growth opportunities by helping small businesses adopt digital financial practices seamlessly. 'With a clear market demand, robust solutions, and supportive regulatory frameworks, we anticipate continued strong double-digit growth in both our top and bottom lines for FY2025,' Choo said. 'Our unwavering commitment to innovation and supporting businesses through their digital transformation ensures our continued market leadership.'
