Latest
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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
Pos Malaysia in for unfavourable business environment
Pos Malaysia Bhd’s prospects continue to be challenging, as the conventional mail business struggles to turn around in the digital age.
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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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Corporate News
Plytec 3Q net profit climbs 16% to RM5mil
Plytec Holding Bhd’s net profit rose by 15.9% year-on-year (y-o-y) to RM5.1mil in the third quarter ended Sept 30, 2024 (3Q24), driven by higher demand across its business segments.
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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
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
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
Radium’s net profit up to RM4.8mil in 3Q
Radium Development Bhd is actively seeking to expand its land bank while diversifying into the hospitality sector, to drive sustainable growth.
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Business
Delhi officials bicker as toxic air chokes millions
As the worst air pollution in years descended on India’s capital this week, the country’s health minister was not in New Delhi coordinating a response.
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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
Strong showing likely for RCE Capital in 4Q
CIMB Securities is expecting the fourth quarter (4Q) to be RCE Capital Bhd’s strongest quarter, anticipating the latter’s net profit to rise 19.1% in the second half of financial year ending March 2025 (2H25) compared to 1H25.
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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
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
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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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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Economy
US weekly jobless claims unexpectedly fall
WASHINGTON: The number of Americans filing new applications for unemployment benefits unexpectedly fell last week, suggesting that job growth likely rebounded in November after abruptly slowing last month amid hurricanes and strikes.
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Corporate News
Thong Guan Industries to sell unit in related party transaction
KUALA LUMPUR: Thong Guan Industries Bhd (TGIB) today entered into a conditional share sale agreement with Foremost Equals Sdn Bhd (FESB) to sell its entire 100 per cent stake, consisting of 3,735 ordinary shares in Syarikat Thong Guan Trading Sdn Bhd (STGT), for RM60 million.
