Tencent’s $3.2 billion buyback spree fails to stem stock rout

HONG KONG – Tencent Holdings’ buyback spree is failing to revive investor sentiment over the online gaming giant, whose shares are languishing near a 2018 low. Tencent, China’s biggest company by market capitalisation, has spent nearly US$1 billion (S$1.4 billion) in repurchasing shares over the past month to take the year’s total to US$2.3 billion […]

Samaiden Group Posts 182% Jump in Full-Year Revenue

PETALING JAYA, Malaysia, Aug 30, 2022 – (ACN Newswire via SEAPRWire.com) – Samaiden Group Berhad, a renewable energy (RE) specialist principally involved in engineering, procurement, construction, and commissioning (EPCC) of solar photovoltaic (PV) systems and power plants today announced that for the fourth quarter ended 30 June 2022 (4Q FY2022), revenue increased 113.35% to RM53.68 […]

Binasat Posts 55.0% Increase in FY2022 Revenue to RM83.51 Million

KUALA LUMPUR, Aug 29, 2022 – (ACN Newswire via SEAPRWire.com) – Binasat Communications Berhad, an all-round solution provider of network engineering and services, today reported revenue of RM83.51 million for the full-year ended 30 June 2022 (FY2022), a 55.08% increase compared with RM53.85 million for the corresponding period of the last financial year (FY2021) mainly […]

Genetec’s Quarterly Performance Jumps by 126%

BANGI, Malaysia, Aug 29, 2022 – (ACN Newswire via SEAPRWire.com) – Technology leader in providing fully customised, intelligent manufacturing automation solutions, Genetec Technology Berhad continued its performance momentum into the new financial year, recording a surge in profit after tax (PAT) of RM18.6 million representing a 126.8% jump compared to RM8.2 million registered for the […]

Sarawak Consolidated Industries Berhad Posts RM26.2 Million Revenue in 4Q

KUCHING, MALAYSIA, Aug 26, 2022 – (ACN Newswire via SEAPRWire.com) – Civil engineering specialist Sarawak Consolidated Industries Berhad (SCIB) today announced that the Company recorded revenue of RM26.2 million for the fourth quarter ended 30 June 2022 mainly due to higher sales volume of foundation piles from the manufacturing division. Group Managing Director and Chief […]

Bintai Kinden Posts 152% Rise in Revenue for 1Q

PETALING JAYA, Malaysia, Aug 26, 2022 – (ACN Newswire via SEAPRWire.com) – Mechanical and electrical (M&E) engineering services specialist Bintai Kinden Corporation Berhad (Bursa: BINTAI, 6998) today announced that the Company registered a 152.0% increase in revenue to RM30.88 million for the first quarter ended 30 June 2022 (1Q FY2023) compared with RM12.26 million in […]

PropertyGuru quarterly earnings back in black for first time since US listing

SINGAPORE (THE BUSINESS TIMES) – PropertyGuru is the first among Singapore-based start-ups to turn profitable following its listing in the United States. For the first time since its listing in March, the property portal reported on Thursday (Aug 25) that its second-quarter net income for the financial year 2022 ended June 30 had turned positive, […]

Minetech’s Revenue for 1Q Rises 43.0% to RM24 Million

KUALA LUMPUR, Aug 25, 2022 – (ACN Newswire via SEAPRWire.com) – Minetech Resources Berhad, a civil engineering specialist and bituminous products manufacturer, today announced that the Company registered a 43.2% rise in revenue for the first quarter ended 30 June 2022 (1Q FY2023) to RM24.05 million compared with RM16.80 million in the corresponding quarter of […]

Air New Zealand annual loss widens on lockdowns, profit outlook uncertain

SYDNEY (REUTERS) – Air New Zealand reported a bigger annual loss on Thursday (Aug 25) due to the impact of Covid-19 restrictions on travel and could not promise a return to profitability this year. Richard Thomson, the airline’s chief financial officer, told analysts that while it was expecting “a significant improvement in profitability”, fluctuations in […]

Singtel warns of inflationary challenges after 41.3% jump in Q1 profit

SINGAPORE (REUTERS, THE BUSINESS TIMES) – Singtel on Wednesday (Aug 24) warned of a challenging operating environment due to rising inflation and interest rates, after posting a 41.3 per cent jump in first-quarter profit. Companies around the world are facing pressure from rising labour and fuel costs, prompting them to take a number of belt-tightening steps […]

Trek 2000 says no financial impact from charges against founder and ex-CEO Henn Tan

SINGAPORE (THE BUSINESS TIMES) – Technology provider Trek 2000 maintains that it is uninvolved in legal charges against the company’s founder as well as former chairman emeritus and chief executive Henn Tan, as the matter is “in his personal capacity”. Responding to an Aug 15 article from The Business Times, the group said there was […]

JCB Contactless Flourishes in Germany, Austria, and Switzerland with thousands of Concardis merchants welcoming JCB Contactless spend

London & Frankfurt, Aug 23, 2022 – (ACN Newswire via SEAPRWire.com) – JCB International Co., Ltd., the international operations subsidiary of JCB Co., Ltd., has expanded its existing partnership with Concardis, as part of the Nets / Nexi Group one of Europe’s leading paytech providers, to enable JCB Contactless acceptance at several thousands of merchants […]