Latest news with #RM14.6mil
The Star
19 hours ago
- Business
- The Star
Oxford Innotech's earnings set to rebound in FY26
PETALING JAYA: Integrated engineering solutions provider Oxford Innotech Bhd is expected to see a rebound in earnings from financial year 2026 (FY26) onwards following a temporary slowdown in FY25 due to a high base effect from earlier project recognitions. In a report, TA Research forecasts that the group's earnings will register a 15.4% year-on-year (y-o-y) decline in core net profit to RM13.3mil in FY25. This comes after a sharp jump in earnings in FY24, which saw its core profit surge 104.6% y-o-y to RM15.7mil on the back of higher modular building system orders. However, earnings are expected to recover in FY26 and FY27, supported by its business expansion plan and a healthy industry outlook. 'We believe the group will recover in the subsequent years, with a projected earnings growth of 9.5% and 14.3% to RM14.6mil and RM16.7mil for FY26 and FY27, respectively,' said the research house. Oxford Innotech is scheduled to list on the ACE Market of Bursa Malaysia on July 29, 2025. Its initial public offering (IPO) comprises 143.46 million new shares with an offer for sale of 50 million shares at an issue price of 29 sen a piece. Upon listing, the group is expected to be valued at a market capitalisation of RM205.9mil. Expected to raise RM41.6mil from the IPO exercise, more than half of the proceeds will be allocated to the construction of a new factory at RM23.1mil. The remainder of the proceeds will be put aside for the purchase or refinancing of new machinery, general working capital and estimated listing expenses of RM11.17mil, RM3.33mil and RM4mil, respectively. Additionally, the group's future plans include the expansion of its product offering and customer base, as well as the expansion of production capacity and capabilities. The construction of phase 2 of its Factory 2 at Penang Science Park will add about 68,000 sq ft of manufacturing space for the group. 'Post-listing with the utilisation of IPO proceeds, the balance sheet is expected to improve from a net debt of RM16.9mil to a net cash position of RM16.8mil,' said TA Research. Furthermore, Oxford Innotech currently does not have any formal dividend policy. The research house assigned a target price-to-earnings multiple of 14 times to the group and arrived at a fair value of 29 sen per share, citing Oxford Innotech's established track record, ability to offer a wide range of products and services, as well as its experienced team.
The Star
5 days ago
- Politics
- The Star
Asean News Headlines at 10pm on Thursday (July 10, 2025)
Malaysia * Appointment of chief justice to be in full compliance with Federal Constitution, says Azalina * Istana Negara warns against politicisation of judges' appointment * Cargo company manager loses RM693,000 to fake investment scheme promising 100% return * INTERACTIVE: A century of Dr M * A-G not contesting royal addendum, only procedure * Time to feast on durians * Malaysian actress claims priest molested her during 'blessing' * Greetings pour in for Dr M for his 100th birthday, including from PM * Selangor man wins RM14.6mil jackpot using his girlfriends MyKad number * Couple charged with murder of Cyberjaya university student * Visit Malaysia 2026: Fam trip brings journalists, influencers to see less-explored sides of Sabah * Active lifestyle the reason for my longevity, says Tun M * Influencer 'CEO Batu' charged with sexually assaulting 13-year-old girl * Two senior cops among five injured in helicopter crash during exercise in Johor * Heavy downpours on Mt Kinabalu strand dozens, as MetMalaysia issues thunderstorm warnings * Smoke from plane at KLIA linked to faulty auxiliary power unit, says source * Security guard gets 26 years' jail, caning for sexually abusing his two children * Govt establishes Malaysia Maritime Law Revision and Reform Committee * Teen trapped by loan sharks after sharing explicit photos * PM to brief MPs on judicial appointments next week, says Seremban MP * Two friends hit over RM15mil Magnum 4D jackpot on a shared ticket * Trader fined RM500 for leaving injured friend to die * Enrich national development with values, not just physical achievements, says Anwar * Marine biologist falls victim to phone scam, loses half a million ringgit * Number of unemployed down 0.7% in May 2025, says stats dept * I told superiors about money allegedly given to Guan Eng, MACC officer tells court * Govt adds 10,000 more MyLesen spots for poor students to get free B2 licence * Mother claims teacher roughed up her 11-year-old son * Selangor hits record-high RM432.1bil GDP in 2024, leading Malaysia's economic growth * Customs seizes RM5.5mil in contraband alcohol, cigarettes in Selangor raids * Police helicopter crash: Search for black box is a priority, says IGP * Fibre network probe: MACC seizes RM620mil worth of assets, including golf club, luxury cars * Malaysia to welcome two new giant pandas * RM120mil infant formula cartel: MACC questions ten, including family of four * Policeman pleads not guilty to aiding murder suspect's escape Singapore * Teacher accused of sexual abuse * Singaporean fugitive held in Thailand for suspected drug trafficking, handed over to CNB * Apex court upholds Singapore Medical Council's conviction of doctor who gave patients unapproved hormones * 'Give a positive review': Hidden AI prompt found in academic paper by National University of Singapore researchers * Proposed new law protecting Singaporeans' genetic data to be strengthened * Singapore to launch new grant for companies, expand support for workers amid US tariff uncertainties * Man charged over suspected role in Singapore money mule activities involving S$80,000 * Singapore's PAP appoints new heads of backbench parliamentary committees Indonesia * Indonesia, US tariff meeting goes positively: Chief negotiator * Brazil's Lula to push for Mercosur-Indonesia trade deal * Indonesian police hold another case review on Jokowi's diploma * Rare earth may help Indonesia persuade US to lower reciprocal tariffs, but experts remain sceptical Thailand * South Korean tourist blames airbag for eight-vehicle pileup in Pattaya, Thailand * Thaksin reveals the scandalous audio clip of Paetongtarn and Hun Sen * Thaksin confident Thai court will clear daughter's suspension as PM in ethics case * Five foreign tourists rescued from leaking tour boat off Phuket's coast * Hippo birthday: Thai internet sensation Moo Deng is a year old * Thaksin pushes for entertainment complex, legalisation of online gambling * Thai police to submit 'Hun Sen-Paetongtarn' audio case to AG on Monday (July 14) Philippines * Philippines plans to negotiate with US to lower tariffs, envoy to Washington says * Group of volunteer-professionals helps solarise Mindanao one solar panel at a time * Filipino-American star Yonas Kibreab to voice 'Pinocchio & the Water of Life' * Search for missing cockfighters begins at Philippine lake Vietnam * Vietnam proposes three priorities to strengthen Asean's centrality * Travel+Leisure hails Vietnam's Son Doong as world's greatest cave * Vietnam explores feasibility of building airport in Ninh Bình Myanmar * Explosion and fire aboard tanker with seven Myanmar crew members reported by * Over 14 kg of heroin seized in central Myanmar * Water levels of major rivers in Myanmar exceed warning mark Cambodia * Cambodian health ministry warns of rise in dengue cases during rainy season * RM177mil conservation initiative for Indo-Malaya forests unveiled * Opinion - Blaming Cambodia, hiding the truth: Thailand's dangerous game of cybercrime deflection Laos * Laos cleared 35,000 unexploded ordinance this year, four killed in accidents * Laos showcases green development vision at World Expo in Japan Brunei * Brunei youth strengthen regional ties at Asean Conference in Singapore * Woman charged with cheating and forgery over BND25,000 scam in Brunei Aseanplus * Trump may attend Asean summit in October, says Rubio * Anwar invites Trump to attend Asean regional summits in October * 'No extensions': Trump locks in August 1 deadline for US tariffs * US tariffs: 25% rate not final, says PM after meeting Rubio * Year-end summits draw global interest * Asean centrality is the solution * Yoon attends hearing on detention * Fuel switches focus of Air India crash * Special counsel raids police, lawmakers * Emperor meets with Mongolian president * Kindergarten probed after more than 200 kids fall ill * Trump urges 'key ally' to cover own defence costs * Media bridges gaps amid uncertainty * Five lost after landslide * Family killed over witchcraft allegations * Tourism boost for Don Quijote * Oil steady on strong gasoline demand, Red Sea attacks * Rubio to meet Russia's Lavrov in Kuala Lumpur, US and Russia say * FBM KLCI moves in narrow trading band as trader stay wary on tariffs * Pakistan seeks YouTube ban on more than two dozen critics, including journalists * Australia 'urgently seeking' details on Trump drug tariff plan * Asia shares helped by Nvidia high as investors unfazed by Trump's tariff moves * Mohamad Hasan: Asean confident in South China Sea code of conduct progress * Discovering two unique karst geoparks in Malaysia and Thailand * Singaporean actor Shane Pow reveals his Star Awards outfit was from Taobao – and cost RM320 * China moves to crack down on tour operators over 'forced shopping' practices * Stocks mostly rise on trade deal optimism * Australia reaffirms commitment to Asean trade and investment ties * UM surgeon honoured on the world stage * Bank Negara expected to hold rates steady through 2025 after OPR cut - investment banks * Australia seeks a balance power in South East Asia, says Penny Wong * Japan's sticky problem with Trump, tariffs and rice * Traders adopt wait-and-see approach to tariffs developments * China commits to signing Southeast Asia Nuclear Weapon-Free Zone Treaty, says Tok Mat * Japan's late PM Abe remembered three years after fatal shooting * Norway, Malaysia call for stronger multilateralism, rule-based global order * Rescuers find lost Australian surfer on uninhabited island * Sarawak seeks Western partnership to combat zoonotic, tropical diseases * Asean and Switzerland must champion dialogue and peace, says Mohamad Hasan * 'White Lotus' star Alexandra Daddario opens up about on-screen nudity: 'I never thought of myself as sexy' * Turkiye and Pakistan discuss defence industry and energy cooperation * In test-obsessed South Korea, AI boom arrives in exams, ahead of the technology itself * TSMC second-quarter sales rise 38.6% y/y, beat forecasts * Australia's beef exports to the US surge despite Trump tariffs * Asean ministers welcome Asean-Canada Free Trade Agreement * China still key in driving global growth * Xpats Gateway integration streamlines expat approvals, strengthens Malaysia's business environment * India electoral roll revision sparks fear and fury * China foils foreign spy plots including a 'honey trap', urges govt workers to stay vigilant * Sri Lanka to continue talks as US tariff cut seen as 'good start' * Malaysia, Sri Lanka to further strengthen bilateral ties, says Anwar * Dog barks family to safety in South Korea apartment fire * Tibetan glacial lake drainage triggered deadly flood in Nepal, climate body says * Malaysia optimistic of deal to lower US tariffs before deadline * Australia announces A$1.3bil development fund for Asean to offset USAID cuts * Gold edges higher on softer dollar, trade war intensifies * Twelve-year-old Tselmuun Ider becomes first Mongolian to win medal at FIDE World Junior Chess Cup * Michelle Yeoh to voice the English version of Chinese blockbuster 'Ne Zha 2' * INTERACTIVE: Asean tourists pick Malaysia first * Bangladesh ex-top cop pleads guilty to crimes against humanity * Pakistan police arrest 149, including 48 Chinese, in scam centre raid * Tok Mat, Lavrov hold talks to boost Malaysia-Russia ties * South Korea's ex-leader Yoon returns to jail as martial law probe accelerates * Rubio confident Gaza ceasefire is possible, says PM * China opposes excessive tariffs, says China's Wang Yi * Five years jail for six who abducted, confined Palestinian three years ago * Ringgit closes higher vs US dollar amid escalating trade tensions * Malaysia, US sign MOU on civil nuclear cooperation * Over 20 foreign workers injured as bus overturns in Kulai * HK singer Steven Cheung's wife hits back after he blames her for losing China job offer * Rubio meets Russia's Lavrov in Kuala Lumpur * European court finds Russia responsible for MH17 downing, human rights violations in Ukraine * Asean facing a perfect storm of global challenges, says Mat Hasan * Galeria Sri Perdana reopens on day Dr M turns 100 * Ex-TVB star Albert Law Ho-kai, 75, says health has been declining, now relies on wheelchair to get around * Immigration confirms missing British teen entered Malaysia on June 7 * Pearly-Thinaah sign new four-year contract with BAM * Foreign drivers licence conversion rules to be toughened in Japan; National Police Agency to make testing more thorough, exclude tourists * Death threats and harassment: Hong Kong couple's ordeal with loan sharks * Rubio meets Lavrov, says will bring new ideas on Ukraine conflict to Trump * Bangladesh religious minorities allege impunity for crimes * 'The one with the divine voice' - Malaysian legend Misha Omar to serenade fans at her solo concert on Nov 29 in KL * Arrest warrant issued for former star singer Tommy Yuen, who says he has left Hong Kong
The Star
6 days ago
- Business
- The Star
Selangor man wins RM14.6mil jackpot using his girlfriends MyKad number
Peoples queue up to buy Toto in Section 17 Petaling Jaya due to The Sports Toto Supreme 6/58 jackpot is expected to exceed RM100 million this Saturday. (JAN 18 2025) — ART CHEN/The Star KUALA LUMPUR: A 33-year-old project manager from Selangor has struck gold by winning the RM14.6mil Power Toto 6/55 Jackpot on July 6. He attributed his win to a set of numbers inspired by his and his girlfriend's MyKad numbers. The lucky winner revealed that he had been faithfully using the same set of numbers — 4, 8, 11, 18, 20, and 29 — for the past three years, ever since he began dating his girlfriend. "I always play Lotto games with this winning set of numbers and would buy 8 draws in advance," STM Lottery quoted him as saying on Thursday (July 10). He added that combining both of their MyKad numbers made the win feel "even more surreal," highlighting the sentimental value behind the selection. Upon seeing the results last Sunday (July,) the winner admitted to having a sleepless night before making his way to the STM Lottery head office to claim the RM14,628,701.20 prize. He added that he kept the news to himself at first, needing time to come to terms with the fact that he had become a multi-millionaire overnight. With the newfound wealth, he plans to focus on smart investments. STM Lottery Sdn Bhd has confirmed the jackpot win.
