Latest news with #RM16.5
New Straits Times
2 days ago
- Automotive
- New Straits Times
OSK's entry into motorcycle financing offers fresh growth, says HLIB
KUALA LUMPUR: OSK Holdings Bhd's move into motorcycle financing opens up a new growth opportunity in an expanding market while helping diversify its risk across various customer segments. According to Hong Leong Investment Bank (HLIB), OSK is not entering the segment from scratch and the acquisition of Wilayah Credit provides a faster entry, as the company already has strong dealer networks and operational expertise. HLIB said it also comes with a valuable customer database and credit behaviour insights, which OSK can leverage across its broader financing ecosystem. "With OSK's strong treasury team and ability to secure competitive funding, there is potential to scale up the loan portfolio more effectively post-acquisition," it said. HLIB noted that OSK has agreed to acquire Wilayah Credit for RM16.5 million, a sum that is around RM300,000 higher than its net assets of RM16.2 million, translating to a premium of roughly 7.7 per cent after factoring in the disposal of shop lots. The research firm said the premium is justified, as the real value of the acquisition goes beyond physical assets. It includes intangible advantages such as a robust customer database, long-standing dealer relationships, and a solid market presence, which are not reflected in the balance sheet. "While the acquisition is modest in size, it reflects OSK's proactive approach to managing and diversifying its risk," the firm said. HLIB has reiterated its 'Buy' recommendation on OSK, keeping the target price unchanged at RM2.00. The firm highlighted OSK's attractive multi-engine growth story, driven by the rapid expansion of its private credit segment, which has recorded a strong five-year compound annual growth rate (CAGR) of 24.8 per cent and is becoming a major contributor to the group's overall growth.
The Sun
27-06-2025
- Business
- The Sun
IHH Healthcare launches S$5m programme to spur clinical research, innovation in global network
PETALING JAYA: Integrated healthcare provider IHH Healthcare Bhd has launched a transformative S$5 million (RM16.5 million) Research Grant and Innovation Sandbox Programme to accelerate clinical research and innovation across its global network. Disbursed over five years, the fund empowers IHH clinicians and employees to pursue impactful clinical research and pilot innovative ideas from the ground up, addressing critical health issues and driving advancements that improve patient experiences and outcomes. Depending on the strength of the proposals and the level of interest, the S$5 million fund has the potential to grow further. Group CEO Dr Prem Kumar Nair said, 'The launch of our first research grant and innovation sandbox marks a pivotal step in our multiyear transformation journey to become a global healthcare leader. 'By investing in our clinicians and employees, we are turning ideas into impact from within, creating solutions that improve lives and elevate care for communities around the world. 'For a start, we are focusing on oncology and chronic disease, two of the most urgent and complex challenges facing healthcare today. 'I am inspired by the ingenuity of our teams and the calibre of ideas they have brought forward. I look forward to seeing each of our shortlisted projects reach their full potential,' he said in a statement. The first grant call in March this year focused on oncology and chronic diseases, two of the most critical fronts in our fight to improve global health. Out of 55 submissions, the Grant Governance Committee, comprising senior management and domain experts from across IHH, shortlisted seven research grant projects and eight innovation sandbox projects. Under the clinical research track, each project is expected to be completed within one year, or up to a maximum of two years for complex cases, with findings and outcomes published as part of the wider healthcare literature on oncology and chronic diseases. The projects under the innovation sandbox track will prioritise ideas that demonstrate clear impact, such as scalability across IHH markets, cost savings, improved patient outcomes and better patient experience. The group will open its next call for submissions in September, continuing its commitment to empowering its people to shape the future of healthcare from within.
Barnama
09-06-2025
- Business
- Barnama
IMFC-J Succesfully Facilitates Five Projects Worth RM16.5 Bln In JS-SEZ To Date
BUSINESS KUALA LUMPUR, May 19 (Bernama) -- Five major investment projects have been fully facilitated through the Invest Malaysia Facilitation Centre Johor (IMFC-J) to date, representing RM16.5 billion in committed investment in the Johor-Singapore Special Economic Zone (JS-SEZ), said Johor Menteri Besar Datuk Onn Hafiz Ghazi. He said the IMFC-J is currently in active engagement with 47 more investors, with potential investments totalling RM40.1 billion, across key sectors such as manufacturing, data centres, and energy from key markets such as Singapore, China, and South Korea. "In just over two months since its launch, IMFC-J has received more than 300 investor enquiries, with 100 focused on the Forest City Special Financial Zone alone. "But as a facilitator, the job of the IMFC-J is also to convert the very real interest into actual investments, and that is exactly what it has been delivering on," he said during his opening address at the 'JS-SEZ Partners Dialogue: Advancing Facilitation' forum today. IMFC-J was launched last February in collaboration with federal partners, jointly operated and led by Iskandar Regional Development Authority (IRDA), Invest Johor, and Malaysian Investment Development Authority (MIDA) to remove bottlenecks and fast-track investor journeys within the JS-SEZ. In the meantime, Onn Hafiz highlighted that Johor has secured RM27.4 billion in total approved investments in the first quarter of 2025 - a record-breaking achievement - as it took the state nine months in 2024 to reach the same milestone. "We currently have an additional RM23 billion in the investment pipeline, expected to materialise by the end of this quarter. If these numbers hold, and we believe they will, Johor will exceed RM50 to RM60 billion in total investments in 2025, surpassing last year's RM48.5 billion - this will position Johor yet again in the top three investment destinations in Malaysia," he added. -- BERNAMA
New Straits Times
27-05-2025
- Business
- New Straits Times
MN Holdings' earnings more than doubles in Q3
KUALA LUMPUR: MN Holdings Bhd's net profit more than doubled to RM16.5 million in the third quarter ended March 31, 2025 (3Q25), from RM4.7 million a year ago, on the back of higher revenue. Its quarterly revenue rose to RM127.42 million from RM51.11 million previously, mainly contributed from the substation engineering segment, which increased 248 per cent to RM97.09 million. The company registered higher earnings per share of 3.01 sen compared to 1.12 sen in 3Q24. For the nine-month period (9MFY2025), MN Holdings' net profit increased to RM36.16 million from RM12.78 million a year ago, while revenue rose to RM356.01 million from RM181.18 million previously. The growth was driven by accelerated project execution and higher billings, particularly from the substation engineering segment, which continued to anchor the group's top-line expansion by a 98 per cent increase to RM211.19 million. The company declared a second interim dividend of 0.10 sen per share, reflecting the confidence in its consistent performance and positive earnings trajectory. MN Holdings managing director Datuk Clement Toh said the record performance this quarter reflects its disciplined execution and deep capabilities across key infrastructure segments. He added that with continued demand for energy-related projects, from power distribution to data centres and renewable energy facilities, the company is well-positioned to deliver value and meet Malaysia's evolving infrastructure needs. "Backed by a healthy order book and growing exposure to high-demand segments such as data centres, solar interconnection, and battery energy storage systems, we are confident in sustaining our growth trajectory," he said in a statement. As at March 31, 2025, MN Holdings recorded a robust financial position, with net assets per share at RM0.32 and cash and short-term investments totalling RM73.94 million. Its outstanding order book stood at about RM1.1 billion, providing clear revenue visibility over the next 24 to 36 months.
