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HI Mobility Berhad is a Malaysia-based investment holding company. The primary activity of the Company is providing bus transportation services. The Company’s principal markets are Peninsular Malaysia and Singapore. Its operations include its HQ and operational facilities in Johor Bahru, as well as various depots and operational facilities in Johor, Melaka, the Klang Valley and Singapore. Its products and services include cross-border and local bus services, scheduled bus services, intracity bus services, intercity bus services, chartered bus services, and other services. Scheduled bus services refer to buses that operate on predefined routes with set stops, timings, and frequencies. It operates contracted bus services under the respective government brands such as Bas Muafakat Johor, Rapid KL and SmartSelangor. Intracity bus services refer to buses which operate within a single city, town or suburban area connecting various locations, districts or neighborhoods.
Apex Securities Research is positive on HI Mobility Bhd's prospects given its sustained cross-border ridership growth and earnings visibility, supported by a RM360mil order book and capacity expansion.
Malaysia's transportation sector is set to face a more challenging cost environment in 2026, as higher fuel prices and geopolitical tensions reshape earnings across air, sea and land operators.
Amanah Saham Nasional Bhd (ASNB) took home its first-ever wins at the LSEG Lipper Fund Awards in the Best Mixed Assets Group (Provident) category as well as two individual awards.
HI MOBILITY BERHAD ("HI" OR "COMPANY")
(I) PROPOSED RENEWAL OF SHAREHOLDERS' MANDATE AND NEW SHAREHOLDERS' MANDATE FOR RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE ("PROPOSED SHAREHOLDERS' MANDATE"); AND
(II) PROPOSED SHARE BUY-BACK AUTHORITY FOR THE COMPANY TO PURCHASE OF UP TO 10% OF THE TOTAL NUMBER OF ISSUED SHARES OF THE COMPANY ("PROPOSED SHARE BUY-BACK AUTHORITY")
(COLLECTIVELY REFERRED TO AS "PROPOSALS")