Bursa Malaysia Bhd registered a Profit After Tax and Minority Interest (PATAMI) of RM63.8 million for the first quarter ended 31 March 2018 (1Q2018), an increase of 12.6% from RM56.6 million reported in the previous first quarter ended 31 March 2017 (“1Q2017”), and an increase of 15.4% compared to the preceding quarter ended 31 December 2017.
Both cost-to-income ratio and annualised return on equity (“ROE”) saw improvements by 3 and 4 percentage points respectively. The growth in PATAMI is primarily due to higher operating revenue of RM144.8 million, a 7.5% increase from the previous corresponding quarter. Earnings per share for the first quarter rose to 7.9 sen from 7.0 sen in the previous corresponding quarter (after adjusting for the effects of the bonus issue).
Bursa Malaysia Berhad has implemented Intraday Short Selling (IDSS) for all investors as part of the Exchange’s strategy to boost market liquidity.
This follows the announcement by Prime Minister Datuk Seri Najib Razak on February 6 at the World Capital Market Symposium held in Kuala Lumpur of measures to enhance vibrancy and stimulate greater trading activity in the stock market.
Tri-Mode System Bhd an integrated logistics service provider in Malaysia, recently signed an official underwriting agreement with TA Securities Holdings Berhad and Kenanga Investment Bank Berhad for its Initial Public Offering (IPO) on the ACE Market of Bursa Malaysia Securities Berhad.
TA Securities will act as the Company’s Principal Adviser, Sponsor, Managing Underwriter, Joint Underwriter and Placement Agent while Kenanga is the Joint Underwriter for the IPO. In addition, ZJ Advisory Sdn Bhd has been appointed as the Financial Adviser for this listing exercise.