CORP BRIEF: Handal Energy, Foreign investors, Aemulus and Mynews

by TMR / pic by TMR FILE

Handal Energy cliches contract from Exxonmobil 

HANDAL Energy Bhd has bagged a five-year contract from ExxonMobil Exploration and Production Malaysia Inc to provide crane overhaul, repair, and refurbishment services. In a filing to Bursa Malaysia yesterday, the company said the contract will be valid for five years effective from Oct 1, 2021, until Sept 30, 2026. However, the contract secured does not have any specified value as it is on a “call-out” basis whereby work orders will be issued at the discretion of ExxonMobil based on their activities schedule and rates throughout the duration of the contract.

Foreign investors continue to remain as net buyers 

FOREIGN investors remained net buyers for the week ended Sept 24, which saw net inflow amounting to RM15.85 million, marking the seventh consecutive week of net buying by foreign investors. MIDF Research in a report yesterday said Malaysia, Thailand and Indonesia recorded inflows of foreign investors last week among the South-East Asian markets except for the Philippines. Foreign investors and local institutions were net sellers amounting to RM120.77 million and RM17.88 million, respectively, as the market reopened last Monday, while retailers were net buyers to the tune of RM138.65 million worth of equities in Bursa Malaysia.

Aemulus secures RM4.5m contract 

AEMULUS Holding Bhd’s wholly-owned subsidiary Aemulus Corp Sdn Bhd has secured new orders with a cumulative amount of approximately RM4.5 million from a customer in Malaysia for the delivery of test systems for the enterprise storage market. In a filing to Bursa Malaysia yesterday, the company said the revenue from the said orders will be recognised progressively upon delivery of the test systems in 2021 and 2022. The secured orders are not expected to have any material effect on the net assets per share of the company for the financial year ending Sept 30, 2021.

Mynews’ net loss widened in 3Q21 

MYNEWS Holdings Bhd’s net loss widened to RM14.9 million in the third quarter for the financial year ended July 31, 2021, compared to net loss of RM6.08 million posted a year ago. In a filing to Bursa Malaysia yesterday, the company noted that revenue for the quarter fell to RM93.8 million compared to RM110 million posted the year before due to 80% of their outlets went through the most severe levels of movement control, namely, the Movement Control Order (MCO) and Enhanced MCO.