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Avarga
New appointments
Avarga appoints Lim Gooi Hwa as CEO of UPP Pulp & Paper Sdn Bhd
Shares in Avarga closed at 27.5 cents on Dec 31, 2021.
January 03, 2022
Results
Avarga reports record earnings and revenue for 1HFY2021, to pay second interim dividend of 0.42 cent
The company plans to pay another interim dividend of 0.42 cent per share
August 15, 2021
Results
Avarga declares interim dividend of 0.42 cent per share for 1Q21
Shares in Avarga closed 1.5 cents lower or 4.8% down at 29.5 cents on May 7.
May 08, 2021
M&A
Avarga acquires shares in Bursa-listed Straits Inter logistics through married deal
As at 12.32pm, shares in Avarga are trading 4.5 cents lower or 12.3% down at 32 cents.
March 01, 2021
Results
Avarga achieves record revenue and profitability for FY20; proposes final dividend of 0.78 cents
Payment of the final dividend will be made on May 21.
February 27, 2021
Billion Dollar Club 2020
United Global’s winning strategic relationships
United Global is the sector winner for Centurion Club: Applied Resources; Energy – Fossil Fuels; Mineral Resources.
December 11, 2020
Billion Dollar Club 2020
Avarga's name change reflects growing ambition while it generates earnings growth
What is in a name? Everything, it seems, for Avarga.
December 11, 2020
Tong's Portfolio
Stock valuation is also determined by its trading liquidity
Aside from the macro implications, liquidity is also an important factor behind individual share price movements and valuations.
September 11, 2020
Corporate moves
Avarga enjoys lift from surge in lumber prices; exploring options for paper and power units
Shares of Avarga, typically thinly-traded, roared into life on Monday, Aug 24, surging as much as 46.1% on heavy volume.
August 28, 2020
Broker's Calls
Avarga's Taiga unit to post 3Q earnings of 78% q-o-q on higher lumber prices and strong demand: KGI Securities
The team also estimates profits after minority interest of at least $41 million for Avarga in FY20F.
August 26, 2020