Sunseap to build five-hectare offshore floating solar system along Straits of Johor

13 Nov 2018 - Singapore Business Review
The system will reduce 26,000 tonnes in greenhouse gas emissions once operational in 2019. Sunseap Group is developing one of the world’s first and largest offshore floating photovoltaic (OFPV) systems along the Straits of Johor which will generate renewable energy equivalent to powering 1,250 four-room ...
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Straits Inter Logistics to acquire 38% stake in HK bunker oil trader

9 Nov 2018 - The Star Online
KUALA LUMPUR: Straits Inter Logistics Bhd has entered a heads of agreement to acquire 1.44 million shares or 38% equity interest in Banle International Ltd from CBL (Asia) Ltd in a RM14.99mil share deal. In a filing with the stock exchange, Straits said the purchase consideration will be fully satisfied ...
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Global trade concerns spur a correction for Singapore equities

25 Jun 2018 - The Star Online
SINGAPORE: Singapore stocks declined, with the nation’s benchmark index entering a correction, as the investors assessed the prospects for global trade. The Straits Times Index dropped as much as 1.2 percent to 3,246.92, taking its drop from the May 2 peak to 10. The gauge last suffered a protracted ...
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Straits Inter Logistics target price raised after deal to buy TMD

11 Jun 2018 - The Star Online
KUALA LUMPUR: Rakuten Trade, which has a “buy” call on Straits Inter Logistics Bhd , has upgraded its target price to 38 sen following its latest development. “Straits’ proposed acquisition of 55% in Tumpuan Megah Development Sdn Bhd (TMD) would transform them into one of the largest oil bunkering players ...
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Eye on Stock: Straits Inter Logistics

9 Jun 2018 - The Star Online
STRAITS Inter Logistics Bhd (code: 0080) may be making a move out of range-bound trading following four straight days of hitting new session highs. The stock had been travelling closely to the key simple moving averages (SMAs) in consolidation mode although the past week’s rally looks to be building ...
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Straits Inter Logistics acquires 55% stake in Tumpuan Megah for RM35.75mil

7 Jun 2018 - The Star Online
KUALA LUMPUR: Oil trading and bunkering company Straits Inter Logistics Bhd has proposed to acquire 8.25 million ordinary shares, or a 55% equity interest in Tumpuan Megah Development Sdn Bhd for a RM35.75mil. The acquisition will be satisfied via a combination of RM7.80mil in cash and the remaining ...
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Straits Inter Logistics net profit surges 50-fold

26 Feb 2018 - The Star Online
PETALING JAYA: Oil trading and bunkering services company Straits Inter Logistics Bhd registered a whopping 50-fold increase in its net profit to RM2.5mil for the financial year ended December 31, 2017, as compared to the previous financial year’s net profit of RM48,000. According to a Bursa Malaysia ...
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Rakuten calls a buy on Straits Inter Logistics

2 Jan 2018 - The Star Online
PETALING JAYA: Rakuten Trade Sdn Bhd is calling licenced bunkering company Straits Inter Logistics Bhd its top pick for 2018 following five quarters of consecutive profits and potential new business expansions as the company looks to spread its wings this year. Quietly too, the increased activity in ...
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Rakuten Trade starts coverage on Straits Inter Logistics

10 Oct 2017 - The Star Online
KUALA LUMPUR: Rakuten Trade has initiated coverage on Straits Inter Logistics Bhd with a target price of 31 sen based on 13 times price earnings ratio financial year ended Dec 31, 2018 (FY18). Calling it a bunkering extraordinaire, Rakuten head of research Kenny Yee said that Straits’ entrance into the ...
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Straits set to turn around in FY17

11 Sep 2017 - The Star Online
PETALING JAYA: An oil bunkering business is being injected into Straits Inter Logistics Bhd, the company formerly known as Raya International Bhd . The man at the helm is Datuk Seri Ho Kam Choy, 54, who is more comfortable running around in t-shirt and jeans, rather than the spotless white office attire. ...
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