11/08/2025

BIZ & FINANCE MONDAY | AUG 11, 2025

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Northern TechValley @ BKE project passes new milestone

Mieco signs deal to supply wood pellets to S Korea’s K-One PETALING JAYA: Mieco Chipboard Bhd’s wholly owned subsidiary, Mieco Manufacturing Sdn Bhd, has signed a memorandum of understanding with K-One Corp oration, a wood pellet importer in South Korea, for the supply of 160,000 to 200,000 tonnes of wood pellets with an approximate annual value of RM100 million for a period of five years. Mieco, a name in the wood based manufacturing sector, has ventured into wood pellet pro duction, marking a significant step in the group’s journey towards sustainability. Well-recognised for the production of high-quality chip board and laminated boards such as melamine faced chipboard and high-pressure laminate, Mieco will leverage on its existing manu facturing expertise and facilities to support this expansion into the production of wood pellets. “As the global economy acce lerates its shift towards greener and more sustainable energy solutions, the demand for wood pellets as a renewable fuel source is growing rapidly,” said Mieco executive director Keith Ng Wei Ping. He added that this strategic move allows them to tap into a fast growing market while reinforcing their long-term commitment to both environmental responsibility and the strength of their core wood-based business. The expansion reflects Mieco’s forward-looking vision – evolving with the green energy landscape, while maintaining the values, capabilities, and reliability that have defined the company for decades.

PETALING Hill Development Sdn Bhd, a joint venture between industrial space solutions provider AME Elite Consortium Bhd and property developer Majestic Gen Sdn Bhd, reached a new milestone in the development of its RM1.3 billion freehold Northern TechValley @ BKE Industrial Park, commencing con struction of a flyover bridge that enhances the park’s connectivity to the Butterworth-Kulim Expressway (BKE) in Penang. The RM30 million flyover bridge, a private initiative by Suling Hill Development, spans 413 metres and is a core component of the park’s infrastructure. It is designed to accelerate logistics efficiency, ease traffic congestion and enhance mobility for surrounding com munities. This commitment to deli vering an integrated, high-perfor mance industrial ecosystem is a key initiative to attract high-tech manu facturing to the state. At the groundbreaking ceremony on the flyover bridge, Penang state flyover bridge to link industrial park with Butterworth-Kulim Expressway JAYA: Suling o Suling Hill Development begins building RM30m advancing 0.9% on Monday, and extended gains for four consecutive days before closing in the red on Friday. As the market headed higher, investors rode the wave as call warrant HSI-CWGX notched in the top traded warrant in terms of value, clocking RM86.6 million in value traded. Other investors, however, took a more bearish stance and traded put warrant HSI-PWJF which saw RM78.6 million value traded. HSI CWGX moves in tandem with the HSI futures while HSI-PWJF moves in the opposite direction to the HSI futures. In the local scene, warrants over blue-chip names such as YTL Corporation, Gamuda and YTL Power International saw active trading as

From left: Suling Hill Development directors Ta Wee Dher and Datuk Hoo Kim See, H’ng, Tan and Suling Hill Development director Vincen Lim Khai Wen at the groundbreaking ceremony.

in the region. Designed as a future ready launchpad for high-value industries, including electrical and electronics, precision engineering and logistics hubs, the park will strengthen Penang’s industrial eco system and position Seberang Perai as a key hub. The park upholds green practices and environmental standards, pre serving the lush greenery and natural environment of Suling Hill. It holds GreenRE certification for its township and buildings, which affirms its environmental excellence and will facilitate smoother export, with sus tainability as a core design principle.

expertise in developing and mana ging industrial parks to create a future-ready ecosystem with best-in class sustainability principles.” He added, “The strong interest from domestic and international companies shows we are addressing a crucial market demand. Our commitment to the park’s infrastructure will deliver a competitive advantage for businesses, foster new economic opportunities for the local community, and support Penang’s economic blueprint.” Northern TechValley @ BKE, a 176-acre freehold industrial park launched in 2024, is pioneering a standard for industrial development

exco for local government and town and country planning H’ng Mooi Lye pointed to the success of Northern TechValley @ BKE as a result of strong public-private cooperation. He said the project is strategically aligned with Penang Structure Plan 2030, positioning it as a catalyst for high value, innovation-driven industries and driving significant job creation. Suling Hill Development director and AME Elite Consortium executive director and group CEO Dylan Tan Teck Eng said, “Northern TechValley @ BKE represents our strategic expansion into a vibrant Penang market. We are leveraging our well. On Friday, Gamuda shares closed at an all time high of RM5.55, capping the week on a 3% gain. Investors traded over RM10 million worth of Gamuda warrants during the week. Meanwhile, YTL Power shares recorded their highest weekly close in more than seven months as they closed at RM4.20 on Friday. Investors traded over RM9 million worth of YTL Power warrants for the week. For warrants over US indices, S&P 500 Index and Nasdaq-100 Index warrants saw increases of 69% and 397% in turnover respectively compared to the previous week. Warrants over the US indices track their corresponding futures

Hang Seng Index posts weekly gain, HSI-CWGX top traded in value

Top warrants by value traded: Warrant Value Issuer

WARRANTS WATCH

Exercise

Expiry date

OVERALL turnover on the structured warrants market in Malaysia for the five days ended Aug 8 came in at RM508 million, which represented a 41% decrease from the previous week. The average daily turnover settled at RM101.6 million. Warrants turnover over the Hang Seng Index (HSI) was RM377 million, which comprised 74% of the market, despite a 45% decrease week-on week (w-o-w). The Hong Kong market re

name

(RM’ mil)

level

HSI-CWGX HSI-PWJF HSI-PWH2 HSI-CWGN HSI-CWIC

86.6 78.7 40.3 32.2 29.4

Macquarie Macquarie Kenanga Macquarie Kenanga

30,000.00 22,000.00 22,000.00 25,000.00 28,000.00

29 Sep 2025 29 Sep 2025 29 Sep 2025 28 Aug 2025 29 Sep 2025

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.

moves in the US market during the Malaysian trading hours. To view the full list of structured warrants available on Bursa Malaysia, visit malaysiawarrants.com.my.

bounded slightly from the previous week’s slump, with the HSI advancing 1.5% for the week. The index started the week on strong footing, TA Securities launches next-gen trading platform for M’sian investors to access global markets contracts, which trade 23 hours a day, meaning investors can trade the Provided for Malaysian residents’ information only. This commentary

PETALING JAYA: TA Securities Holdings Bhd has launched TA SmarTrade, a next-generation trading platform designed to simplify and democratise access to global stock markets for Malaysian investors. With integrated access to the US and Hong Kong markets and Singapore to follow soon, TA SmarTrade offers a

investing more accessible and cost effective for Malaysian clients. To commemorate the launch, TA Securities is giving away up to 5kg of gold, valued at about RM3 million, to the first 1,000 qualified clients through its Open New Account, Free Gold! Campaign, which started on Friday and runs until Aug 8, 2026.

international exchanges, including Japan and Australia, alongside new features aimed at deepening investor insight and engagement. In tandem with this rollout, TA Securities is introducing a highly competitive brokerage rate for the US market, starting from just US$2.88 (RM12.22). This initiative makes global

or planning for the future. TA SmarTrade currently supports trading in the US and Hong Kong markets. Integration with Bursa Malaysia is planned for a future phase, further reinforcing its role as a comprehensive, all-in-one trading solution. By 2026, the app is expected to extend its reach to additional

powerful, mobile-first solution that helps investors trade smarter, faster and with greater confidence. Built around the idea of ”Elevating Lifestyle Through Investment”, TA SmarTrade empowers individuals to make smarter financial decisions that align with their life goals, whether owning a home, travelling the world