Significant Event

  • Singapore sports Car distributor, EuroSports is starting to accept cryptocurrency payments.
  • Sinmah Capital and LTKM, both Bursa-listed poultry players had disposed of their poultry business. High corn and soybean prices have dented the profitability of poultry companies. However, the restructuring of the leading companies in the industry is usually accompanied by the bottom of the industry business cycle.
  • The holding company of Asia Pacific University of Technology & Innovation and Asia Pacific Institute of Information Technology is up for sale at a price tag of US$350 million.


Real Estate Industry
 

  • Sunsuria Berhad, the developer of Xiamen University and its surrounding township, is acquiring 60.8 acres of land located in Ijok, Kuala Selangor as part of its landbank replenishment program.
  • A single commercial block in Jaya One, Petaling Jaya had been transacted at RM 19.88 million.
  • Can maker Can-One Bhd is venturing into industrial property development by developing an industrial park spanning 68 acres in Kapar, Klang.


Infrastructure/Logistics

  • A contract worth SGD 155 million involving the Johor Bahru – Singapore Rapid Transit System (RTS) Link has been awarded to Koyo International Ltd

Cash Call/ Debt restructuring

  • Kuchai Development Bhd had proposed to distribute 17.58 million shares or a 26.51% equity interest in Sungei Bagan Rubber Company (Malaya) Bhd (Sg Bagan) to KDB shareholders by way of dividend-in-specie.

Users can filter the companies' activities via industry or nature of activities via using our tool for Malaysia companies and Singapore companies via the link.
Users can get access to all the major transactions of offices, lands, and factories in Malaysia via this tool.

Daily Insights

  • Some observations on the Japanese Yen and its implications for Asia countries. (Read Full Story
  • Although the US Dollar is very strong recently, it doesn’t mean investors could hold on to cash and not make any investment decisions. (Read Full Story)
  • Is there a crystal ball to the equities market? Yes, you can look at these 3 leading indicators. (Read Full Story)


News we are reading

  • Netflix delivers a bad quarter result. Genz preferred to watch short videos and play games instead of Netflix and chill. (Reuters)
  • Indonesia's wealth fund signs US$2.7 billion toll road investment including a Trans Sumatra toll road. (The Star)
  • Malaysia's total trade growth was 27% YoY in March 2022. (The Star)