Latest news with #RM4.50
The Star
11 hours ago
- Business
- The Star
FBM KLCI hovers near 1,500 as uncertainty mounts
KUALA LUMPUR: Malaysia's main stock index came closer to dipping below the 1,500-point psychological level on Friday as investors fretted over the escalating Middle East conflict. The FBM KLCI dropped 0.5 points to 1,500.94, grazing the support amid worries the US will mount an attack on Iran over the coming weeks. Meanwhile, Malaysian policymakers are meeting their US counterparts to negotiate the level of tariffs imposed on Malaysian exports. TA Securities said the market sentiment will likely remain muted ahead of the weekend, with investors awaiting the outcome of the negotiations, which will determine future trade relations. "Immediate index support stays at 1,490, with stronger supports found at 1,465 followed by 1,444. Immediate resistance is maintained at 1,564 with next upside hurdles seen at the recent high of 1,586, followed by 1,610 ahead," it said in its market commentary. Rakuten Trade said it believes the market weakness is owing to persistent foreign selling. "Nonetheless, we would advocate our clients to accumulate on the blue chips if and when the index dips below the 1,500 mark at around the 1,480 thresholds," it said in its outlook. On the domestic market, Nestle shaved 21 sen to RM71.28, Petron dropped seven sen to RM3.82 and British American Tobacco fell six sen to RM4.50. Notable gainers included Allianz up 20 sen to RM19.20, Apollo gaining eight sen to RM6.58 and Yinson eising seven sen to RM2.39. Top actives were Magma up one sen to 47.5 sen, Velesto unchanged at 18.5 sen and Pavilion REIT down four sen to RM1.50.
The Sun
09-05-2025
- The Sun
'Only RM4.50?' — Uncle's ‘cheap' summon reaction leaves cops and netizens laughing
A Malaysian motorcyclist recently turned a routine traffic stop into a moment of comic relief when his reaction to receiving a summon left even the police officers in stitches. In a video shared by VideoViral Malaysia on Facebook, the man was seen by the roadside reading the summon after being stopped for riding without a helmet. But instead of reacting with anger or frustration, the uncle casually remarked, 'Oh, it's only RM4.50. So cheap!' His cheerful response caught the officers off guard, and to everyone's surprise, he even thanked them before getting back on his motorcycle. The officers couldn't help but laugh at his unexpected reaction. Regardless of the confusion, his calm and humorous demeanor won the internet over. One user called Happyeveryday Linda Yani commented: 'This is the first time I've seen an uncle laugh when he gets fined. Even the police officers laughed along.' 'Must be RM450,' Ahmad Amiruldin Amin suggested. 'An example of a person with a sincere heart... Aware that they have broken the rules, yet they don't overreact or get upset,' Jolly Surag wrote.
Yahoo
10-02-2025
- Business
- Yahoo
Colform Makes Strong Debut on ACE Market of Bursa Malaysia with Premium of 11.11%
KUALA LUMPUR, MALAYSIA / / February 9, 2025 / Colform Group Berhad ("Colform" or the "Group"), an established steel and building material specialist in East Malaysia, made its debut on the ACE Market of Bursa Malaysia Securities Berhad ("Bursa Securities") today. The Company opened at RM0.40 per share, recording a 11.11% premium over its initial public offering ("IPO") price of RM0.360 per share. Colform is listed under the stock name "COLFORM" and stock code "0341". With over 20 years of experience, Colform has solidified its role as a trusted partner, delivering end-to-end steel solutions to support Malaysia's construction development from concept to completion. Headquartered in Kota Kinabalu, Sabah, Colform's offerings span across various types of downstream steel products such as roofing sheets, wall claddings and IBS steel framing systems-providing cost-efficient, labor-saving solutions tailored to meet industry standards. Colform serves a diverse clientele, including government, commercial, and private sectors, embodying reliability and innovation in every project. For the nine months ended 30 September 2024 (9MFY24), Colform recorded a gross profit of RM23.47 million, surpassing the full-year gross profit of RM21.02 million in FYE2023 despite a lower revenue of RM76.97 million compared to RM92.53 million in FYE2023. This improvement in gross profit reflects the Group's ability to optimise cost structures, enhance operational efficiencies, and focus on higher-margin products such as IBS steel framing systems. Through disciplined cost management and production optimisation, Colform has successfully improved its profitability, demonstrating resilience in a dynamic market environment. The Group's emphasis on value-added steel solutions and strategic cost-saving measures has strengthened its position in the industry, ensuring sustainable growth moving forward. Through its IPO, Colform successfully raised RM41.19 million. The proceeds are allocated to: RM9.00 million for setting up a new colour coil coating production line in Kota Kinabalu; RM4.50 million for constructing a new storage facility in Kota Kinabalu to enhance operational efficiency; RM5.10 million for expanding its market presence by establishing a branch and factory in Klang, Peninsular Malaysia; RM18.09 million for working capital purposes; and RM4.50 million for listing expenses. Mr. Kang Ket Hung, Managing Director of Colform Group Berhad, commented, "Today's listing on the ACE Market is a monumental achievement for Colform Group Berhad. This milestone represents our dedication to delivering quality steel solutions and expanding our footprint across Malaysia. The funds raised from this IPO will enable us to strengthen our operations, enhance our product offerings, and explore new market opportunities. We are excited about the road ahead and remain committed to creating lasting value for our clients, stakeholders, and the construction industry." He also added, "We would also like to express our sincere appreciation to Mercury Securities Sdn. Bhd. for their unwavering support as our Principal Adviser, Sponsor, Sole Underwriter, and Sole Placement Agent. The overwhelming response from investors is a reflection of the confidence placed in Colform's vision and potential. This trust inspires us to continue striving for excellence as we move forward under the leadership of our management team and the guidance of our Board of Directors." The listing provides Colform with a robust platform to execute its growth strategy and capitalise on the rising demand for innovative and reliable steel solutions in the construction sector. Mercury Securities Sdn Bhd is the Principal Adviser, Sponsor, Sole Underwriter and Sole Placement Agent for Colform Group Berhad. About Colform Group Berhad Colform Group Berhad ("Colform") is an established steel and building materials specialist with over 20 years of experience that specialising in manufacturing, processing and trading of steel products, Colform also provides supply and installation services including IBS steel framing systems as well as project management services for construction projects. Colform primarily serving customers in the construction industry in East Malaysia. With an extensive range of offerings, including roofing sheets, IBS steel framing systems, guardrails, and more, Colform provides comprehensive solutions tailored to the needs of the construction industry. Committed to quality, innovation, and sustainable growth, Colform has a strong track record in delivering robust, reliable steel solutions across government, commercial, and private projects. For more information, visit Issued By: Swan Consultancy Sdn. Bhd. on behalf of Colform Group Berhad For more information, please contact: Jazmin WanEmail: William YeoEmail: SOURCE: Colform Group Berhad View the original press release on ACCESS Newswire
