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KUALA LUMPUR: Companies making headlines include BHIC, MN Holdings, HeiTech Padu, Kobay, Guan Ching, UMedic, JAG, Tune Protect, UCrest and Kitacon, said Apex Securities Research.
Precision parts manufacturer Kobay Technology Bhd said its 70%-owned subsidiary Avelon Healthcare Sdn Bhd has secured banking facilities totalling RM21 million from CIMB Islamic Bank Bhd.
Kobay Technology Bhd, which manufactures precision parts, said on Wednesday its net profit plunged 66% in the second quarter from a year earlier due to a shift towards lower margin sales, subdued demand, and elevated setup costs.
This will be the final week for the release of third-quarter corporate earnings, with banking giants such as Public Bank Bhd, CIMB Group Holdings Bhd and RHB Bank Bhd set to announce their financial performance for the July-September period.
KUALA LUMPUR: Engineering solutions provider Kobay Technology Bhd (KTB) posted a net profit of RM0.6 million for the fourth quarter (Q4) ended June 30, 2023 (FY23), lower than the RM12.02 million posted in the same quarter last year.Revenue stood at RM68.7 ...
Weaker prospects for Kobay Technology Bhd’s manufacturing and pharmaceutical businesses have led Hong Leong Investment Bank (HLIB) Research to downgrade it to a “hold” following lower earnings revisions for its coming financial years.
KUALA LUMPUR: Hong Leong Investment Bank (HLIB) Research has downgraded Kobay Technology Bhd to “hold” with a lower target price of RM2.38 from RM4 previously.
KUALA LUMPUR: Boustead Holdings Bhd, S P Setia Bhd, Perdana Petroleum Bhd, GuocoLand (M) Bhd, Kobay Technology Bhd, Volcano Bhd, OSK Ventures International Bhd, Edelteq Holdings Bhd and Mi Technovation Bhd are among the stocks to watch today, according to Apex Securities.