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.

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.

Mainboard-listed Avarga, in a response to a query by SGX RegCo, is unaware of what might have caused the unusual spike in its share price earlier today. However, the company is exploring a possible spin-off of its paper manufacturing business. It is also mulling a “possible transaction" which will...

MAINBOARD-LISTED Avarga received a query from the Singapore Exchange (SGX) after its shares jumped 33.1 per cent or 5.1 Singapore cents to 20.5 cents as at 11.42am on Monday.

AVARGA Ltd, which makes paper, swung into a net loss in the fourth quarter from a year ago, reflected in part higher forex losses.