government plans to broaden the scope of excise duty to also include premixed sugary drinks made from

KUALA LUMPUR: Instant beverage premix manufacturer Orgabio Holdings Bhd plans to fund its business

beverage premix manufacturer Orgabio Holdings Bhd.“ We derive a fair value of 40 sen based on a

ACE Market-bound Orgabio Holdings Bhd will be headed to the ACE Market at a challenging time considering the ongoing global sell-down in equities. Nevertheless, being valued at an undemanding price to earnings multiple of 10.1 times, such a ratio perhaps may help it garner sufficient interest from investors. Orgabio is in the consumer industry, which tends to attract a fair bit of investor interest due to the perceived stable growth and cash flows. The company, which is selling close to 97 milli

KUALA LUMPUR: Power Root Bhd recorded a net profit of RM5. 6mil in the second quarter of its financial year ending March 31, 2021, compared to a net profit of RM8. 45mil in the previous corresponding quarter due to higher advertising and marketing expenses.... The group declared a dividend of 1.2 sen per share, which brought year-to-date payout to 1.7 sen per share.... The group said in a bourse filing that it remains cautious on its prospects for the financial year....

PETALING JAYA: Power Root Bhd has hedged its coffee supply until end-2022 to avoid steep fluctuations of its input cost, according to AmInvestment Bank Research. The research unit pointed out that coffee is one of Power Root’s key input costs, accounting for 25% to 26% to its cost of goods sold( COGS). Also, Power Root has increased the price of its products starting Jan 1 this year by 8% to 9% on average, following the steps of its competitors. The company is targeting a profit after tax margin

YENHER Holdings Bhd is optimistic that the group will see growth in 2021 and 2022, in tandem with increasing demand for animal health and nutrition products for the country’s expanding livestock industry.“ In 2020, our sales saw double-digit growth compared to 2019.... We are categorised as essential services and still able to operate at 60% workforce capacity during the lockdown.“ We are cautiously optimistic the( business) numbers for 2021 to 2022 will be better than 2020, ” group managing di

PETALING JAYA: While raising the ceiling price of sugar may reduce its consumption and promote healthy living, the government must also ensure that inflation is controlled, say economists.... They suggested that the sugar tax be expanded to more items as a means to control consumption for health purposes and to grow tax revenue. Referring to a government study on sugar prices, Sunway University Economics Professor Dr Yeah Kim Leng said the government needed to strike a balance between raising s

PETALING JAYA: The RM32. 4bil set aside under Budget 2022 for the Health Ministry, as well as RM4bil allotted specifically for the handling of Covid-19, will not only focus on the continuing battle with the virus but will also be used to improve general public health, say health groups. The allocation, they added, will also improve the welfare of frontliners. Malaysian Medical Association( MMA) president Dr Koh Kar Chai said it appreciates the RM4bil earmarked for Covid-19 management, particular

PETALING JAYA: Tengku Datuk Seri Zafrul Abdul Aziz has started delivering his Budget 2022 speech in Parliament here on Friday( Oct 29). The Finance Minister is expected to deliver a Budget in line with the Malaysian Family concept, which will concentrate on the country's recovery after the Covid-19 pandemic.On Wednesday( Oct 27) Prime Minister Datuk Seri Ismail Sabri Yaakob said Budget 2022 was from the people, by the people, for the people and would be of high impact for all layers of society a