04/08/2025

BIZ & FINANCE MONDAY | AUG 4, 2025

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CAB Cakaran to buy Cargill’s M’sian animal feed business

Itmax appointed to operate smart parking system in Subang Jaya

PETALING JAYA: Itmax System Bhd subsidiary Selmax Sdn Bhd has been appointed by Subang Jaya City Council (MBSJ) to be its Selangor Intelligent Parking operator. Selmax will be responsible for deploying, managing and operating all gazetted car park spaces under MBSJ’s jurisdiction. The appointment is for 10 years, with an option for a five-year extension. As part of the agreement, a revenue-sharing arrangement has been established under which Selmax will receive 50% of the revenue generated from parking-related collections. Itmax System managing director/CEO William Tan Wei Lun said the partnership reflects their commitment to supporting local councils in enhancing parking operations through the deployment of cutting-edge technology. “Our smart parking solutions have already delivered measurable success in other cities, and we are confident they will support MBSJ’s vision for a more connected, efficient, and sustainable urban ecosystem. “This initiative is also aligned with Selangor’s broader Smart City agenda, and we are proud to play a role in driving its digital transformation in cities with an integrated smart city infrastructure, enabling better mobility, improved public safety, and enhanced quality of life for citizens,” he added.

o Group will become owner of global food and agriculture giant’s four feed mills upon completion of RM231 million deal

PETALING JAYA: CAB Cakaran Corporation Bhd’s wholly owned subsidiary CAB Cakaran Sdn Bhd has signed a conditional share purchase agreement to acquire a 100% equity interest in Cargill Feed Sdn Bhd for RM231 million. Upon completion, the deal will enable the CAB group to own all of Cargill Feed’s four feed mills in Malaysia, transforming it from a customer of Cargill into the owner of all of the latter’s feed mills in Malaysia.

Chuah said securing a reliable and cost-effective supply of animal feed will enhance their operational efficiency and support their long term growth plans. Beyond this,

they aim to ensure consistent feed quality, reduce their dependency on external suppliers and minimise the group’s exposure to raw material price volatility. “We look forward to leveraging Cargill Feed’s technical expertise and manufacturing capacity in animal feed, and will pursue opportunities for joint innovation in feed development,” Chuah said.

from both domestic (Malaysia) and international sources . Founded in 1865, Cargill provides food, ingredients, agricultural solutions, industrial products and animal nutrition products and solutions. It employs more than 160,000 people in 70 countries and operates in 125 markets. Cargill began its feed operations in Malaysia in 1986. Today, Cargill Feed and its 51% owned subsidiary, Desa Cargill, have four animal feed mills – in Malacca, Butterworth, Westports and Kota Kinabalu – with a total capacity of about 400,000 tonnes per year. Cargill Feed produces a range of commercial compound feed tailored to meet the nutritional needs of various livestock and aqua species. The company has a diverse customer base, including commercial farms and retailers, while sourcing its raw materials Hang Seng Index down 3.5%, YTL issues actively traded CAB Cakaran group managing director Christopher Chuah Hoon Phong ( pic ) said: “We are excited to announce the acquisition of a high-quality business in Cargill Feed Sdn Bhd, which has been a major supplier of feed for the group’s poultry operations. Moreover, this acquisition delivers the last missing piece in our ‘farm to fork’ operating model.” He added that the CAB Cakaran group is now fully vertically integrated across the entire poultry value chain, with its own feed mills, primary breeders, breeder farms, hatcheries, growout farms, processing plants, and logistics and distribution channels.

OVERALL warrants trading activity recorded a decrease for the week ended Aug 1. The total value traded stood at RM858.8 million, down from RM1.1 billion the previous week, representing a week on-week (w-o-w) decline of 25.5%. The average daily turnover settled at RM171.8 million. Breaking down the activity by underlyings, warrants over the Hang Seng Index (HSI) dominated the market, accounting for 80.4% of the total turnover despite a 19.2% w-o-w decrease in their turnover, while warrants over Malaysia stocks followed, capturing 16.7% of the total turnover and reflecting a 30.4% drop w-o-w. The HSI saw a bearish trading, French buyers to participate in flagship programme at Mihas 2025 in September WARRANTS WATCH Top warrants by volume traded: Warrant Volume Issuer Exercise name (mil) level HSI-CWGX 757.9 Macquarie 30,000 HSI-PWHI 749.9 Kenanga 24,000 HSI-CWGS 512.3 Macquarie 28,000 HSI-CWGI 466.5 Kenanga 28,000 HSI-PWHV 430.1 Macquarie 24,000 closing the week 3.5% lower. The index opened higher on Monday (+0.6%). Then, the index went south and dropped for four consecutive days as US Federal Reserve chair Jerome Powell’s hawkish remarks on near-term interest rates weighed on global market sentiment. HSI-CWGX and HSI-CWGS were the top-traded call warrants by volume, with 757.9 million and 512.3 million units changing hands, respectively. Investors also actively traded HSI put warrants, notably HSI-PWHI and HSI-PWHV, which registered 749.9 million and 430.1 million units, respectively. were among the top traded warrants over the US indices. To view the full list of structured warrants available on Bursa Malaysia, visit malaysiawarrants.com.my. Provided for Malaysian residents’ information only. This commentary has not been reviewed by the Securities Commission Malaysia. It is not an offer or recommendation to trade and is not research material. Past performance is not indicative of future performance. You should make your own assessment and seek professional advice. The warrants will not be offered to any US persons. In Malaysia, warrants over YTL Power International and YTL Corporation were on the radar of investors. YTLPOWR-C77 and YTLPOWR-C92 logged RM2.6 million and RM1.8 million in turnover respectively with the underlying closing flat for the week. Meanwhile, warrants over YTL Corporation, namely YTL-C1F and YTL-C1U, were actively traded, clocking turnover of RM2 million each for the week. Other than that, warrants over the S&P 500 Index and Nasdaq-100 Index saw increase in interest as the underlyings went through choppy trading on the tails of blockbuster trading in the previous week, when they made new record highs. Put warrants SP500-H57 and NDX-HM structured Expiry date 29 Sep 2025 28 Aug 2025 28 Aug 2025 28 Aug 2025 28 Aug 2025

PETALING JAYA: Malaysia is set to welcome global halal industry leaders to the 21st edition of the Malaysia International Halal Showcase (Mihas 2025), which will take place from Sept 17 to 20 at the Malaysia International Trade and Exhibition Centre in Kuala Lumpur. Hosted by the Ministry of Investment, Trade and Industry and organised by Malaysia External Trade Development Corporation, Mihas continues to serve as the world’s largest halal trade exhibition – bringing together buyers, sellers and industry leaders from more than 90 countries. This year, five French buyers from the modest fashion and food and beverage sectors are confirmed to participate in Mihas’s flagship Inter national Sourcing Programme.

appeal to the conscious consumer segment worldwide According to the Halal Industry Master Plan, demand for halal products is estimated at over US$3 trillion (RM12.8 trillion) and is projected to reach US$5 trillion by 2030. “Beyond Malaysia, Mihas is a strategic gateway to the wider Asean market of over 680 million people,” said Sebastien Chan Yik Sing, the newly appointed economic coun sellor at the Malaysian embassy in Paris. “French buyers can leverage Mihas not only to source quality halal products, but also to connect with the fast-growing Asean market through Malaysia’s trusted and well established halal ecosystem.” In 2024, Mihas recorded RM4.3

Malaysia’s ambassador to France, Eldeen Husaini Mohd Hashim, said Mihas is more than a trade event – it is a global platform for innovation, sustainability and quality. “Halal is increasingly recognised worldwide as a value-based certi fication that ensures safety, clean liness and integrity. It is not just for Muslims – it represents a trusted system of quality control, traceability and ethical assurance for all consumers. I am delighted to see significant French participation this year, as Malaysia continues to build bridges across Halal economies and open new avenues for global part nerships,” he added. In line with current market trends, Mihas also showcases products that emphasise organic, vegan and sustainable practices, broadening its

RM4.5 billion, featuring cutting-edge artificial intelligence tools via the Madani Digital Trade Platform to enhance real-time sourcing, match making and trade connections.

billion in sales and welcomed over 43,000 visitors. The upcoming 21st edition, themed “Pinnacle of Halal Excellence”, aims to surpass these milestones with a sales target of