Latest
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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
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
Northern Solar inks agreement for ACE Market IPO
Northern Solar Holdings Bhd has signed an underwriting agreement with M&A Securities Sdn Bhd for its listing on the ACE Market of Bursa Malaysia. The company is tentatively scheduled to list in February 2025.
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Corporate News
Thong Guan spreading its wings to Europe, America
Leading stretch film manufacturer Thong Guan Industries Bhd remains poised to grow in Europe and the United States in the longer term, thanks to product innovation.
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Corporate News
SimeProp seeks quality assets for recurring income
Sime Darby Property Bhd (SimeProp) is on the lookout to acquire new assets in a bid to grow its recurring income, says group managing director Datuk Seri Azmir Merican, adding that the assets will need to be of a certain quality.
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Corporate News
UEM Sunrise revenue rises 18.2% in 3Q24
UEM Sunrise Bhd achieved sales of RM426mil in the third quarter ended Sept 30, 2024 (3Q24), nearly reaching the RM502.4mil sales recorded in the first half of the year.
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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.
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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
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
Fajarbaru 1Q25 earnings up three-fold
Fajarbaru Builder Group Bhd is keeping its focus on its core segments of construction, property development and plantation, in order to maintain a stable revenue stream.
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Corporate News
Property arm expected to lift SD Guthrie’s earnings
SD Guthrie Bhd, formerly known as Sime Darby Plantation Bhd, could see its property segment’s earnings coming onstream from financial year 2026 (FY26) onwards, having diversified into the sector recently.
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World
Cote d'Ivoire, EU sign new fishing agreement
ABIDJAN, Nov. 21 (Xinhua) -- Cote d'Ivoire and the European Union (EU) signed a new protocol agreement on sustainable fishing for the period 2024-2028 in Abidjan on Thursday.
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Tennis
Tennis-Australia edge out US to reach Davis Cup semi-finals, Sinner inspires Italy
MALAGA (Reuters) - Australia set up a Davis Cup semi-final clash with defending champions Italy as doubles pair Matthew Ebden and Jordan Thompson sealed victory against the United States on Thursday.
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Other Sports
Sailing-Rolex ramps up SailGP backing as crews hit Dubai for new season
LONDON (Reuters) - SailGP will launch its fifth season in Dubai this weekend with Rolex as its title partner, reinforcing a relationship with the Swiss luxury watchmaker since the birth of the league in 2019.
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World
North Korea's Kim accuses US of stoking tension, warns of nuclear war
SEOUL (Reuters) -North Korean leader Kim Jong Un has accused the United States of ramping up tension and provocations, saying the Korean peninsula has never faced a greater risk of nuclear war, state media KCNA said on Friday.
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Other Sports
League One Volleyball raises $100M before launch Jan. 8
League One Volleyball raised $100 million to bring the total capital count to $160 million weeks before the new professional women's volleyball league begins play Jan. 8.
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World
Canada to give holiday tax break for groceries
OTTAWA, Nov. 21 (Xinhua) -- The Canadian federal government announce Thursday that it will be introducing legislation in Parliament that would provide for a two-month tax break for groceries and holiday essentials.
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World
Slovak PM shooting suspect faces prolonged custody
BRATISLAVA, Nov. 21 (Xinhua) -- The custody of the suspect in the May shooting of Slovak Prime Minister Robert Fico, has been extended by four months, Prosecutor-General Maros Zilinka announced Thursday.
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World
Gas Leak prompts evacuation of 150 people in Prague
PRAGUE, Nov. 21 (Xinhua) -- About 150 people were evacuated on Thursday in downtown Prague due to a gas leak, police and rescuers have confirmed.
