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YLI Holdings Bhd is disposing of a 12,226.252 sq m parcel of leasehold industrial land in Seberang Perai Tengah, Penang for RM18mil to Hong Kuan Metals Recycle Sdn Bhd.
Pipe manufacturer YLI Holdings Bhd (KL:YLI) is disposing of a piece of industrial land in Prai, Penang, together with a factory building, for RM18 million cash, to strengthen its working capital and reduce borrowings.
KUALA LUMPUR: YLI Holdings Bhd said its wholly-owned subsidiary Yew Lean Foundry & Co Sdn Bhd has agreed to dispose of a 12,226.252 sqm parcel of leasehold industrial land in Seberang Perai Tengah, Penang Island for RM18mil to Hong Kuan Metals Recycle Sdn Bhd.
WITH a water tariff hike set to take place soon, water-related stocks have been on investors’ radar. But given that most have enjoyed a price surge in the past few months and the tariff adjustment catalyst has already been priced in, analysts say the upside for these counters is limited for now.<...
With the National Water Services Commission’s (SPAN) confirmation that the water tariff re-rating is set to come into effect on Feb 1, analysts are of the opinion that sector utility and piping-related counters are set to benefit.
KUALA LUMPUR (Jan 8): theedgemalaysia.com highlighted two stocks with positive momentum and 20 stocks with negative momentum at Bursa Malaysia’s afternoon close on Monday.
KUALA LUMPUR (Nov 15): theedgemalaysia.com highlighted seven stocks with momentum during Bursa Malaysia’s afternoon close on Wednesday. One stock displayed positive momentum, while the other six indicated negative momentum.
POWER & UTILITIES SECTOR
OVERWEIGHT
TA SECURITIES (OCT 17): The measures for Budget 2024 are mildly positive for the power and utilities (P&U) sector. There were...
KUALA LUMPUR: Stocks to watch on Thursday include Boustead Plantations Bhd, Kuala Lumpur Kepong Bhd (KLK), KIP REIT, Hexza Corporation Bhd and YLI Holdings Bhd, according to Apex Securities.
Here is a brief recap of some corporate announcements that made news on Wednesday involving Kuala Lumpur Kepong Bhd, Boustead Plantations Bhd, Boustead Heavy Industries Corp Bhd, Boustead Holdings Bhd, KIP Real Estate Investment Trust, Hexza Corporation Bhd and YLI Holdings Bhd.