Avarga Limited has announced the appointment of its chief executive officer, Lim Gooi Hwa, for UPP Pulp & Paper Sdn Bhd, a wholly-owned subsidiary of the company. Lim’s appointment on Jan 3, means he will oversee Avarga’s paper manufacturing business in Malaysia. Prior to his appointment, ...

Amala Balakrishner, a senior writer at The Edge Singapore, has been named “Most Promising Journalist of the Year” by the Securities Investors Association (Singapore). The award is given by SIAS, as part of the Corporate Governance Week organized by SIAS. Balakrishner received her award earlier t...

Avarga, which holds interests in multiple industries, has reported record earnings and revenue for its 1HFY2021 ended June 30. From $14.9 million recorded in 1HFY2020, the company’s earnings surged by 381% y-o-y to $71.8 million. Revenue in the same period doubled from $720.3 million to $1.44 bill...

Avarga Limited, formerly known as UPP Holdings Limited, has reported record net earnings of $29.2 million for Taiga Building Products for the 1QFY2021 ended March, over four times net earnings of $6.6 million over the corresponding period the year before. Taiga Building Products is one of three core...

Avarga, on March 1, has acquired 78.1 million shares representing 10% of the total issued and paid-up share capital of Bursa-listed Straits Inter Logistics Berhad at 17.5 sen (5.75 cents) from a third party by way of a married deal. The total consideration of the acquisition is RM13.7 million or $4....

Avarga Limited has posted earnings of $39.9 million for the 2HFY2020 ended December, registering a 346% increase from earnings of $8.9 million a year ago. This brings FY2020 earnings to $54.8 million, 68% higher than FY2019 earnings of $32.6 million. 2HFY2020 earnings per share (EPS) came in at 4.22...

FOR the five local trading sessions that spanned Jan 8 to Jan 14, the Straits Times Index (STI) gained 3.2 per cent with the Nikkei 225 Index, Hang Seng Index and S&P/ASX 200 Index averaging 2.7 per cent gains. This has brought the STI's total return for the 2021 year to Jan 14 ...

What is in a name? Everything, it seems, for Avarga. The investment holding company is named after the steppe where the first nomadic capital of the Mongol Empire eight centuries ago was located before it grew to become the largest contiguous land empire in history.AdChoicesADVERTISING Before its na...

The Singapore research team at KGI Securities has given Avarga Limited a fair value of 43 cents in an unrated report dated August 26. The fair value, which is deemed as the “minimum” for the company, utilises a 10x FY20F price-to-earnings (P/E ratio), which is based on the company’s three-year...

AVARGA on Monday said it is exploring opportunities relating to its paper manufacturing business, which include the expansion and/or potential listing of said business.