News In Brief

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Welcome to our ‘News In Brief’ column in which we digest all the news releases for you in no more than five paragraphs. Below are snippets of all the media releases that we received from May 24 to 29. Please check back throughout the week for more updates.

IPC Shopping Centre Expands 

IPC Shopping Centre expands its greening strategies to protect the environment. Image supplied.

Selangor, May 23: As part of its ongoing commitment to creating a more sustainable environment, IPC Shopping Centre has established several greening strategies that will positively impact its business, the people and the planet.
Aligned with Ikano Group’s  Sustainability Agenda and the United Nations Sustainability Development Goals for 2030, IPC Shopping Centre ensures that its business is fair, inclusive, circular, climate positive, and promotes healthy and sustainable living.
One of the most sustainable initiatives that IPC Shopping Centre embarked on is its investment in grid-source renewable energy technology and carbon mitigation projects to help  reduce the emission of greenhouse gases.
Apart from the Solar Panel Project and the upgrading of RBBC, IPC practises rainwater harvesting, and waste segregation and partners with NGOs for recycling initiatives.
IPC Shopping Centre was recognised as the first shopping centre in Ikano Centres to achieve the Malaysian Green Building Index (GBI) and Non-Residential Existing Building (NREB)  rating. IPC was ranked the #1 Leadership in Energy and Environmental Design (LEED)  Certified Shopping Centre in Malaysia under the Operations & Maintenance Category.
The shopping centre also won the EdgeProp 2021 silver award at Malaysia’s Best Managed &  Sustainable Property Awards in 10 years and above, Retail Category. 

Hektar REIT’s Goes Up

Subang Parade. Image supplied.

Kuala Lumpur, May 23: Hektar Asset Management Sdn Bhd, the Manager of Hektar Real Estate Investment Trust has today announced the first quarter results ended March 31, 2022.
Hektar REIT recorded revenue of RM29.11 million, an increase of 8.7 per cent compared to the RM26.78 million recorded in the corresponding quarter of the previous year. 
The higher revenue is attributed to the increase in rental income, car park income and higher hotel occupancy, consistent with other retail and hospitality REITs.
The overall retail sentiment for this quarter remained positive as it was supported by the increase in retail sales due to the pent-up demand from last quarter.
Hektar REIT’s net property income increased 17.9 per cent to RM16.62 million compared with RM14.09 million recorded in 1Q 2021, while realised income for the quarter under review gained 110.7 per cent to RM13.74 million compared with RM5.52 million in 1Q 2021.
Earnings per unit rose by 106.6 per cent to 2.92 sen for 1Q 2022 compared with 1.41 sen for 1Q 2021.

Click Frenzy Returns

Mark Salzmann. Supplied.

Sydney May 24: Australia’s iconic online shopping event Click Frenzy Mayhem is back and is better than ever. 
With a range of leading brands joining the fold, and old favourites returning to the sale this year, consumers are in for a 53-hour shopping bonanza!
Exclusive new brands Click Frenzy is thrilled to welcome include JB Hi-Fi, H&M, Hello Fresh, Air New  Zealand, The Iconic, Helly Hansen and Culture Kings. Of course, hundreds of well-loved brands are back including Adore Beauty, Adidas, Bose, Koala, Under Armour, and Dyson. 
“We know from 2019 that in a federal election year, many Aussies usually hold out for the election result before splashing out to restyle their home, replenish their winter wardrobe, update their tech or adopt a new hobby,” Head of Content at Click Frenzy, Mark Salzmann said.
“This is why Click Frenzy Mayhem has come at the perfect time for consumers,  so they can relax, hunker down for Winter and enjoy more of life’s little luxuries at an incredible price.”  
With over 2,000+ deals on offer, shoppers can anticipate sales in all key categories including Electrical  & Home Office, Fashion, Food, Wine & Liquor, Home & Décor, Health & Beauty, Kids, Toys & Pets, Travel  & Experiences, Outdoor, Auto & BBQ, Sports & Leisure, Trending and Premium.
Click Frenzy is also encouraging shoppers to support small Aussies retailers who have done it tough over the past couple of years by introducing a ‘Shop Local’ category for the first time.  
With thousands of incredible deals and exclusive offers from 500+ brands all available only via the website.  Punters can start clicking from 7:00 pm (AEST) Tuesday, May 24, until midnight on Thursday, May 26,  to access all that’s on offer. 

Mokens League Looking For Beta Testers 

Mokens League, the upcoming Player vs. Player live soccer game with a win-to-earn economy, is about to launch playable in-game characters as NFTs.

Monaco, May 24: Mokens League Esports, the real-time multiplayer P2P soccer game with a win-to-earn economy has announced a unique limited mint of Genesis NFTs of its in-game characters will go on sale starting in July.
Mokens League is also preparing a private beta with early access for Partner´s guild members. 
Public beta tests will lead up to the game release and will be available for private testers and genesis NFT holders.
Testers and holders have the opportunity to give feedback that can shape the game and help fix bugs before its official release in early 2023.
The game is developed by Martin Repetto and Max Radice, a 20-year veteran in the gaming and technology space who were also the masterminds behind Voxelus, one of the early 3D social VR games to truly empower creators.
Mokens League builds on the growth and success of the early days of the industry, improving the play-to-earn model by providing even more competitive play opportunities with skill-based rewards across metaverses.
The prices for the Genesis NFTs will range from 0.1-1 ETH and will be available for purchase in late July.

CNERGENZ Berhad Lists On ACE Market

Cnergenz Berhad Lists on ACE Market, Share Price Gains 4.31 per cent to RM0.605 on Debut. Image supplied.

Kuala Lumpur, May 24: CNERGENZ Berhad, an established electronics manufacturing solutions provider based in Penang, has made its debut on the ACE Market of Bursa Malaysia Securities Berhad under the Technology sector, opening at RM0.605 per share, which is a premium of RM0.025 or 4.31% above the IPO price of RM0.58 per share. 
Through its IPO, CNERGENZ has successfully raised RM58.0 million in funds, which are expected to be utilised for the Company’s facility expansion plans, research and development activities, as well as general working capital purposes. 
CNERGENZ is an electronics manufacturing solutions provider, specialising in surface mount technology manufacturing solutions for the electronics and semiconductor industries.
CNERGENZ’s offers its solutions, ranging from integrated solutions such as production line systems and smart factory solutions to individual machinery, equipment and tools, to its network of over 100 customers operating within the E&S Industries, such as IDMs, OSATs, EMS and electronic products brand owners.
Based in Penang, CNERGENZ’s market base is primarily in Malaysia (save for Melaka and Johor), contributing 71.9 per cent to the Group’s revenue in the recent financial year ended 31 December 2021, and extends to the Company’s overseas markets in Vietnam and Thailand. 

Eliminating Forced Labour

Arulkumar  Singaraveloo. Image supplied.

Kuala Lumpur, May 24: A switch in workday patterns from the current two-shift model to a three-shift shift model is one of the steps that manufacturers can take to eliminate forced labour practices and attract more local workers while decreasing their reliance on foreign labour.
Co-Founder of Malaysia HR Forum and Social Compliance Malaysia Chapter, Arulkumar  Singaraveloo, said that measures like this make sense, given the recent changes to the minimum wage, the upcoming changes to the Employment Act 1955, and the government’s plans to introduce tiered foreign workers’ levy.
Companies often violate the provisions of the Employment Act 1955 in areas such as the rest day provision, which requires a minimum of thirty hours rest and in some cases, in the calculation of overtime.
These points were raised during a series of one-day workshops held by the Malaysia HR Forum on the topic of ‘Prevention and Elimination of Forced Labour’ in Penang, Kamunting, Kuala  Lumpur, and Johor Bahru this month.
The Malaysia HR Forum’s workshops on the ‘Prevention and Elimination of Forced Labour’ were designed to help industry participants understand the key issues contributing to forced labour practices, understand effective ways to eradicate and prevent forced labour and learn best practices from leading companies on observing social compliance in Malaysia. 

NexMind Announces SEO Optimization In Arabic

Kuala Lumpur, May 24: NexMind AI Sdn Bhd has announced that its NexODN AI SEO optimization and content generation software now supports Arabic.
Available immediately, NexODN for Arabic allows digital marketers to launch keyword searches in Arabic to improve the ranking of websites with just a few clicks of a button.
Meanwhile, its built-in content generation feature lets users generate SEO-driven Arabic content including advertising copy, website headers, blog articles and others.
NexODN for Arabic is available on a subscription basis.
NexMind is a developer of the world’s first multilingual AI-powered SEO optimization and content generation solutions.
Its flagship product NexODN is a robust AI-trained enterprise SEO platform that transforms traditional and labour-intensive digital marketing tasks into an automated system to boost website ranking.

Effective Techniques For Exercise Recovery Revealed In New Course

Sydney, May 25: Ice baths, massage, nutrition, sleep, plus the power of psychological strength are each core topics that will be explored in Be Recovered, a new course due to be released on May 30 as part of the Benefit Pocket series. International experts and sporting champions explore the science of recovery and explain how participants can gain confidence, and resilience and perform at their peak.
In this immersive online course, a collective of Australia’s Olympic-level sport and recovery experts will deliver an on-demand seven-part video series available through the Benefit Pocket app and website. In an Australian-first, participants will be able to access a course upgrade offering one-on-one advice from specialists who typically only work with elite athletes.
The course features leading international recovery expert Professor Shona Halson, Cricket Australia’s lead performance nutritionist Michelle Cort, and former British and Australian Olympic team psychologist Dr Ruth Anderson. The course will also feature interviews with triathlete Grace Thek, Olympic marathon runner Sinead Diver, former NRL player Ben Seymour, and former AFL player Paul Medhurst.
Be Recovered has been designed for a broad spectrum of participants, from the everyday athletes and weekend warriors to those training seven days a week for elite sporting events, plus endurance and HIIT athletes.
The course explores every angle of recovery and empowers participants to recover better from exercise so they can ultimately perform better.

Seng Fong Holdings Berhad Signs Underwriting Agreement

Group Managing Director/Chief Executive Officer of HLIB, Lee Jim Leng and Managing Director of Seng Fong, Er Hock Lai. Supplied.

Kuala Lumpur, May 26: Seng Fong Holdings Berhad, a rubber processor producing and trading Standard Malaysia Rubber and premium grade block rubber, is pleased to announce that the Company has entered into an underwriting agreement with Hong Leong Investment Bank Berhad for its upcoming initial public offering on the Main Market of Bursa Malaysia Securities Berhad.
According to Seng Fong’s draft prospectus posted on the Securities Commission Malaysia website, the listing exercise involves the IPO of up to 160.87 million ordinary shares or up to 31 per cent of the Company’s enlarged number of issued shares comprising a public issue of 90.81 million shares and an offer for sale of up to 70.06 million shares.
Under the agreement, HLIB will underwrite 42.2 million IPO shares made available for application under the retail offering. HLIB is also the Placement Agent for 118.68 million IPO shares allocated to Bumiputera investors approved by the Ministry of International Trade and Industry as well as other institutional and selected investors.

Play-to-Earn Hits 27 Per Cent In Malaysia

Kuala Lumpur, May 26: Nearly one-in-five internet users in Malaysia have participated in Play-to-Earn (P2E) games. polled 43,312 people across 26 countries to reveal Malaysia ranks 7th for P2E adoption with 19 per cent of internet users having played-to-earn, a figure well above the global average of 14 per cent.
Malaysia has similar P2E participation rates to countries like Brazil (18 per cent), Singapore (23 per cent) and Vietnam (23 per cent).
Meanwhile, India has the most P2E gamers (34 per cent) and Sweden the least (four per cent). 
In Malaysia, men are much more likely to participate in P2E games than women. Nearly a quarter of men said they have played to earn compared to just under 14 per cent of women.
You can find the full report here.

Sabah Promotes Underwater Adventure 

Kota Kinabalu, May 26: Sabah Tourism Board team, along with several key players, is taking part in the three-day Malaysia International Dive Expo (MIDE) at the World Trade Centre in Kuala Lumpur.
The much-anticipated scuba diving exhibition, which begins tomorrow, will also see former Malaysian tourism ambassador for diving and a pioneer of the dive industry in Sabah, Clement Lee, presenting talks on ‘Sabah Underwater Uncapped’ on May 28.
Sabah Tourism Board’s Chief Executive Officer, Noredah Othman said scuba diving contributed to Sabah’s good growth in tourism over the years, with international divers visiting the state to explore its underwater.
Despite losing special interest tourists during the pandemic, Noredah was optimistic that the diving industry would bounce back and reaffirmed the Board’s commitment to showcasing the beauty of Sabah from the mountain top to the deep blue sea while encouraging tourism players to do the same.
The Sabah Tourism Board team will be joined by GTS Travel Sdn Bhd and Borneo Divers Sdn Bhd to promote the state’s underwater splendour at MIDE.

 Samaiden Group Berhad’s 3Q Net Profit Gains 291 Per Cent

Petaling Jaya, May 26: Samaiden Group Berhad, a renewable energy specialist principally involved in engineering, procurement, construction, and commissioning of solar photovoltaic systems and power plants, today announced that Samaiden Group recorded a 385.03 per cent increase in revenue to RM43.80 million for the third quarter ended 31 March 2022 (“3Q FY2022”) compared with RM9.03 million registered in the corresponding quarter of FY2021 (“3Q FY2021”).
Profit before tax (“PBT”) for 3Q FY2022 increased by 257.68 per cent to RM5.73 million compared with RM1.60 million achieved in 3Q FY2021, and profit after tax (“PAT”) registered an increase by 291.22 per cent to RM4.19 million compared with RM1.07 million in 3Q FY2021.
For the nine-month period ended 31 March 2022 (“9M FY2022”), Samaiden Group recorded a 243.07 per cent increase in revenue to RM97.04 million compared with RM28.28 million in the corresponding period of FY2021 (“9M FY2021”) while PBT gained 103.38 per cent to RM11.62 million compared with RM5.71 million in the corresponding period of the previous financial year.
Samaiden Group’s PAT gained 104.22 per cent to RM8.51 million in 9M FY2022 compared with RM4.16 million in 9M FY2021.

Axios International Signs MOU

Axios International signs MOU with WeCareJourney to innovate healthcare access for rare disease patients in Malaysia. Supplied.

Kuala Lumpur, May 26:  Axios International announces today the signing of a Memorandum of Understanding (MoU) with  WeCareJourney, a non-profit organisation dedicated to supporting spinal muscular atrophy  (SMA) patients in Malaysia.
Under the MoU, both parties will support and increase access to rare disease patients in Malaysia via innovative solutions. 
SMA is a genetic condition that affects nerve cells and impacts muscle movement.
Annually,  50 babies are born with it in Malaysia.
The MoU was signed at The role of digital healthcare in providing holistic support solutions beyond the hospital setting conference convened by the healthcare access solutions provider. 

Alibaba Group Announces March Quarter Results 

Alibaba Group Announces March Quarter and Full Fiscal Year 2022 Results. Supplied.

Hangzhou, May 26:  Alibaba Group Holding Limited has announced its financial results for the quarter and fiscal year ended March 31, 2022.
Alibaba delivered on the goal of serving one billion annual active consumers in China this past quarter and achieved a record RMB 8,317 billion in global GMV for the fiscal year.
This was despite macro challenges that impacted supply chains and consumer sentiment.
“We continued to focus on customer value proposition and building the capabilities to deliver value and saw tangible progress across our businesses, especially in operational improvements in key strategic areas,” Daniel  Zhang, Chairman and Chief Executive Officer of Alibaba Group said.
“Looking ahead, we will continue  to execute on our multi-engine growth strategy by strengthening our digital infrastructure and  focusing on quality growth to create long-term value for our customers, shareholders and other  stakeholders across our ecosystem.” 

Sabah Welcomes The Return Of Jin Air 

Welcoming passengers from the Incheon-bound Jin Air flight to Kota Kinabalu. Supplied.

Kota Kinabalu, May 27: Thursday marked the arrival of the inaugural Jin Air flight to Kota Kinabalu from Incheon, with 185 passengers on board. 
Sabah Tourism, Culture, and Environment Minister Datuk Jafry Ariffin commented that the full flight from Korea is a positive indicator suggesting that Koreans are anxious to visit the state.
“We are confident that with the improved Covid-19 situation, Koreans would want to come here as they did in the past,” he said.
“Before the pandemic, we had 65 flights weekly from Korean cities to Sabah.
The South Korean carrier is the third foreign airline to resume direct flights to Kota Kinabalu after Singapore’s Scoot and Royal Brunei Airlines.

CNERGENZ Berhad Posts RM36.9 Million in Revenue 

CNERGENZ Berhad Posts RM36.9 Million in Revenue for 1Q FY2022
CNERGENZ Berhad Posts RM36.9 Million in Revenue for 1Q FY2022.

Penang, May 27: CNERGENZ Berhad, an electronics manufacturing solutions provider based in Penang, has announced its financial results for the first quarter ended March 31.
The Company registered revenue of RM36.9 million for the 1QFY2022, primarily contributed from the sales of standalone surface mount technology (machines and equipment constituting 60.9 per cent of its total revenue.
In addition, sales generated from the provision of the integrated solutions segment contributed 31.2 per cent to the total revenue.
Further, the Company recorded a profit before tax of RM4.87 million and achieved a net profit (“PAT”) of RM3.64 million for the period.
After excluding one-off expenses relating to the initial public offering amounting to RM0.16 million incurred during the period, the Company’s PBT and PAT stood at RM5.03 million and RM3.80 million, respectively.
To date, the company has secured purchase orders totalling RM82.48 million, which we expect to fulfil by the end of 2022.”

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