Aspen Group Holdings

Aspen Group subsidiary, Aspen Glove, secures sales of US$100 mil - THE EDGE SINGAPORE

Contracts

Aspen Group subsidiary, Aspen Glove, secures sales of US$100 mil

Aspen Glove, the subsidiary of Aspen Group, has entered into a sales and distribution agreement with an unnamed third-party distributor on Jan 13.

Aspen returns to profitability, reports profit before tax of $24.6 mil in 3Q business update - THE EDGE SINGAPORE

Results

Aspen returns to profitability, reports profit before tax of $24.6 mil in 3Q business update

Aspen Group Holdings has reported profit before tax of RM74.9 million ($24.6 million) for the 3QFY2020 ended September compared to a loss of RM2.5 million in the preceding quarter.

Aspen eyes transfer to Mainboard; to diversify into glove-making- THE EDGE SINGAPORE

Corporate moves

Aspen eyes transfer to Mainboard; to diversify into glove-making

At 26 years old, Murly Manokharan listened as his friends grumbled about how the world property market, including Malaysia’s, was vibrant and moving.

Company in the news

Aspen Group to diversify business to include manufacturing and distribution of rubber gloves

Aspen Group, the Malaysian property developer, says it intends to include the manufacturing and distributing of rubber gloves under its scope of core business on September 2.

Aspen Group in JV with Oxley to develop integrated project in Penang

Property

Aspen Group in JV with Oxley to develop integrated project in Penang

SINGAPORE (June 24): Aspen Group Holdings, the Malaysian property developer, is partnering Oxley Holdings to develop a mixed-use integrated project on Penang Island.

Broker's Calls

Aspen started at 'add' on good margins and strong earnings growth

SINGAPORE (Sept 29): CIMB is initiating Aspen Group Holdings, the Penang-based property developer, with an “add” rating and a target price of 29 cents.

Sector Focus

These 2 new entrants hold the biggest weights on the FTSE ST Catalist Index

SINGAPORE (Sept 27): New entrants UnUsUaL and Kimly now maintain the two highest weights on the FTSE ST Catalist Index, at 6% and 5% respectively.

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