01/09/2025

MONDAY | SEP 1, 2025

15

BIZ & FINANCE

Mpire Global proposes to change name to Greentronics Technology

PETALING JAYA: Mpire Global Berhad is proposing to change its name to Greentronics Technology Berhad, subject to shareholder and regulatory approval. In a statement, the company said the proposed name change reflects the group’s commitment to sustain ability, innovation-led growth and environmental, social and gover nance-aligned practices, while also aligning with the established Globetronics Technology brand identity. Executive chairman Datuk Goh Soo Wee ( pic ) said: “Over the years, our group has built experience across property development and construction, fleet management solutions and even in our earlier days in furniture manufacturing. These journeys have shown us how

name – it is a strategic step towards aligning the group with Malaysia’s long-term sustainability agenda. “Our focus will be on harnessing technology, automation and data driven systems to deliver efficient recycling and waste solutions that reduce landfill reliance, support renewable energy initiatives and create new economic opportunities. In doing so, we aim to generate sustainable returns for our share holders while contributing tangible benefits to society and the environ ment,” he added. Upon completion of the required approvals, the new name will be reflected across all corporate docu ments and communications, mark ing the beginning of Greentronics Technology’s journey towards becoming a leader in sustainable, technology-driven industries.

around 39,000 tonnes of solid waste daily, with recycling rates just over 31%, still short of the government’s 40% target by 2025. Landfills are nearing capacity and could be fully saturated by 2050 without intervention. To address this, the government is implementing the Circular Economy Blueprint (2025–2035) and plans to roll out waste-to energy plants across all states by 2035. These initiatives, combined with growing private-sector parti cipation, are expected to drive robust industry expansion, with the Malaysia waste management market projected to expand at a compound annual growth rate of 8.8% between 2025 and 2031. Goh said this repositioning under Greentronics Technology represents more than a change of

o Brand identity alignment to reflect broader shift towards tech-driven and sustainability-focused businesses, including waste management

industries transform and where structural gaps remain. One such gap is in waste management and recycling, which re mains underdeveloped in Malaysia. “As sustainability be

Berhad now a substantial share holder, the alignment in brand identity under the proposed name Greentronics Technology Berhad reflects a broader shift towards technology-driven and sustain ability-focused businesses, including our intention to venture into the waste management sector,” said Goh. The group believes waste man agement is not only a commercial opportunity but also a national imperative. Malaysia generates

tions that support the national circular economy agenda.” He added that while the group will continue to streng then its core businesses in property development and construction and fleet man agement solutions, it has always been on the lookout for new opportunities that enhance long-term share holder value. “With Globetronics Technology

comes more critical, we see both a need and an opportunity for us to con tribute by exploring sus tainable, technology-driven solu

ABIS 2025 to chart course towards shared prosperity in Asean PETALING JAYA: The Asean Business and Investment Summit 2025 (ABIS 2025), this year’s edition of the region’s most influential annual business forum, will take place at the Malaysia International Trade and Exhibition Centre in Kuala Lumpur on Oct 25 and 26.

MAG to showcase futuristic travel at Matta Fair 2025 PETALING JAYA: Malaysia Aviation Group (MAG), the parent company of Malaysia Airlines, Firefly, MASwings, Amal, Enrich and Journify, returns as the official airline partner and premier sponsor of Malaysia’s largest international travel fair, Matta Fair 2025, happening from Sept 5 to 7 at the Malaysia International Trade and Exhibition Centre in Kuala Lumpur. Spanning 72 booths, the futuristic travel experience offers a glimpse into the inno vation and customer-first approach shaping MAG’s journey towards its vision of becoming one of the world’s top 10 airlines by 2030. Over the three-day event, visitors can capture moments at the immersive “Time For” photo booth, explore a groundbreaking artificial intelligence-powered travel journey, and meet Manchester United legends alongside other global and local sporting icons – underscoring MAG’s commitment to redefining travel and building meaningful connections. Alongside these experiences, MAG is offering a range of exclusive promotions to various destinations.

The two-day summit will bring together more than 1,500 participants, including Asean and global heads of government, CEOs, entrepreneurs and thought leaders. ABIS 2025, hosted by the Asean-Business Advisory Council alongside the 47th Asean Summit, comes at a critical time for the region, as Asean faces rising challenges from economic fragmentation to geo political trade frictions, climate risks and digital disruption. With the theme “Unifying Markets for Shared Prosperity”, it will highlight how private sector leadership and policy reform can strengthen Asean’s role as a resilient and competitive global player. On Oct 26, the Asean Business Awards (ABA) will honour top regional champions across 12 curated categories. Asean Business Advisory Council 2025 chairman Tan Sri Nazir Razak said, “At a time when the world faces growing complexity and division, Asean has a unique opportunity to demonstrate how regional cooperation and business leadership can

global thought leaders and fireside chats with key personalities. Simultaneously, and for the first time in its 18-year history, the ABA will feature a streamlined format designed to reflect both traditional economic pillars and emerging areas of influence across the region.

create shared prosperity for all. The ABIS 2025 will bring together the world’s most influential decision makers to chart a course towards deeper integration, enhanced competitiveness, and inclusive growth that leaves no one behind.” He added that this two-day event will also feature unique idea capsules featuring

Turnover surges, Zetrix stands out among Malaysian issues

Top stock warrants by volume traded: Warrant Volume Issuer Exercise

and 50 million traded, respectively. Other top traded for the week include Gamuda and Sime Darby, with warrants such as Gamuda-C3R and SIME-C99 on investors’ radar. 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.

across the board, including HSI-PWH4 which was the top warrant for the week, as they fell in price, moving in the opposite direction to the under lying. Meanwhile, investors exited positions in HSI call warrants, including HSI-CWGX. However, the optimism did not linger as the HSI then fell in the next three days, ending Thursday at 24,998.82, 3.2% lower from Monday, before notching a small gain of 0.3% on Friday to end at 25,077.62, 1% lower w-o-w. With the decline, investors exited positions in the puts, which gained on the underlying’s decline – for example, the bid price of HSI-PWH4 gained 57.1% from Monday to Thursday. Put warrants allow investors to potentially profit from a short term

WARRANTS WATCH

Expiry date

TURNOVER on the Malaysian warrants market surged 36% week on-week (w-o-w) to RM642.5 million for the period to Aug 29. Warrants over the Hang Seng Index (HSI) saw turnover soar by 61.3% w-o-w, contributing about RM476.2 million, or 74% of the total. The HSI kicked off the week strong with a 1.9% jump to 25,829.91 on Monday, up for a second day following the 0.9% increase on the previous Friday, on rate cut optimism following US Federal Reserve chair Jerome Powell’s dovish remarks at the Jackson Hole symposium. As a result, investors net bought HSI put warrants

name

(mil) 563.9 491.2 378.3 353.0 303.4

level

HSI-PWH4 HSI-PWJA HSI-CWGX HSI-CWIC HSI-CWIM

Macquarie Kenanga Macquarie Kenanga Macquarie

23,000.00 24,000.00 30,000.00 28,000.00 31,000.00

29 Sep 2025 29 Sep 2025 29 Sep 2025 29 Sep 2025 30 Oct 2025

Elsewhere, turnover for warrants over local stocks fell 7.1% w-o-w, though they continue to contribute a significant 24% of last week’s warrants turnover. Warrants over Zetrix AI stood out as one of the top underlyings as the company’s shares fell 3.9% w-o-w to 86 sen. Top warrants include Zetrix C9R and Zetrix-C9C with 92.9 million

market downturn, or can work as a hedge for their stock portfolio, for example if they had longer term holdings in Hong Kong stocks that constitute the HSI. Meanwhile, call warrants fell over the same three-day period, for instance HSI-CWGX, which skidded 52.6%.