Latest
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Corporate News
Hap Seng Plantations poised for strong fourth-quarter performance
With crude palm oil prices (CPO) to remain elevated, analysts expect Hap Seng Plantations Holdings Bhd to record a strong fourth quarter (4Q24) where earnings is likely to be the highest for the financial year this year (FY24).
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Corporate News
Dyson dials back Malaysia hairdryer ops, redeploys staff
Dyson Ltd is dialing back its hairdryer-related operations in Malaysia, according to people familiar with the matter who declined to be identified discussing matters that are private, as the consumer goods company seeks to streamline its business in the region.
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Corporate News
Avaland seeks more land as 3Q profit jumps 48%
Avaland Bhd, controlled by Philippine property giant Ayala Land Inc, is actively looking to buy more land in Malaysia to “bolster future earnings”.
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Corporate News
Deglobalisation to continue despite US transition
Companies are rethinking their supply chains as the global economy becomes less connected – a process that will carry on despite the upcoming change of government in the United States, says a senior banker.
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Energy
No new impetus seen for JETP under Trump
Donald Trump’s victory in the US presidential election may hamper the progress of Indonesia’s Just Energy Transition Partnership (JETP), as analysts raise concerns that the US president-elect will not prioritise climate change mitigation.
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Corporate News
Baghdad metro job expected to enhance HSS earnings
HSS Engineers Bhd’s earnings are expected to further pick up in the fourth quarter of 2024 (4Q24), driven by higher recognition from its Baghdad metro project.
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Corporate News
NFO segment to sustain Sports Toto’s earnings
Sports Toto Bhd’s earnings growth in the coming quarters is expected to be sustained by its number forecast operation (NFO).
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Corporate News
Petra Energy registers positive 3Q24
Petra Energy Bhd believes that the positive outlook on the oil and gas industry, exemplified by major oil producers continuing to increase their capital expenditure, augurs well for its financial performance.
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Nation
Cop honoured for swift murder arrest
JOHOR BARU: Putting himself in the shoes of others has always been an important principle for Insp S. Karnan, driving him to be relentless in carrying out his duties.
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Corporate News
Positive 3Q24 for Dayang on higher utilisation, forex gains
Having secured three contracts for a primary period of five years recently, with options for extension, Dayang Enterprise Holdings Bhd is estimating the call-out value from these contracts to be about RM4bil for the primary five years.
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Corporate News
7-Eleven’s quarterly revenue climbs
7-Eleven (M) Holdings Bhd saw net profit decline 24% year-on-year (y-o-y) for the quarter ended Sept 30 (3Q24) to RM10.9mil, despite revenue increasing by 5.5% to RM744mil.
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Corporate News
Mixed views on PetChem on higher interest expense
Analysts have cut PETRONAS Chemicals Group Bhd’s (PetChem) profit forecasts after its recent financial results came in below expectations.
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Insight
Equity analysts, upgrade yourselves to ‘hold’
Unbiased analysis of publicly traded companies is obviously a good thing. So it’s welcome that recent reform could mark a turning point for Europe’s struggling independent research industry.
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Insight
Banks hoping for loose Trump reins are too giddy
US banks enjoyed a sharp stock price jump on Donald Trump’s election victory; two weeks later, they’ve held onto those gains.
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Corporate News
Companies unsure of digital and green move
Although the Ho Chi Minh (HCM) City government is investing in many preferential policies and incentives for digital transformation and green development, many small and medium enterprises (SMEs) are still confused about how to implement them.
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Insight
Different yardsticks for measuring GDP
Recently, people have been discussing a heated topic: the gap between China’s gross domestic product (GDP) and that of the United States is getting bigger and bigger.
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Corporate News
SunCon prudently hopeful after strong showing
Sunway Construction Group Bhd (SunCon) is cautiously optimistic over the recently unveiled Budget 2025, noting that while the budget did not introduce new major infrastructure projects, it underscores the government’s commitment to the completion of existing initiatives.
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Corporate News
Hap Seng bottom line in four-fold rise
Hap Seng Consolidated Bhd saw its net profit for its third quarter ended Sept 30, 2024 (3Q24) surging almost four times year-on-year (y-o-y) to RM193.1mil, despite revenue dipping 3.9% to RM1.48bil.
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Corporate News
Lower interest costs buoy TSH nine-month showing
Sabah-based plantation company TSH Resources Bhd posted a 12% increase in core pre-tax profit of RM140.1mil for the nine months ended Sept 30, 2024 from RM125.4mil a year ago.
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Corporate News
MSM Malaysia cautious on widening loss
MSM Malaysia Holdings Bhd saw its net loss for the third quarter of the year (3Q24) widen by 38% year-on-year (y-o-y) to RM49.8mil, even as revenue improved 6.8% to RM861.4mil.
