Latest
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Corporate News
Hong Leong Industries records RM140.56mil in 1Q, declares 25 sen interim dividend
KUALA LUMPUR: Hong Leong Industries Bhd’s net profit jumped to RM140.56 million in the first quarter ended Sept 30, 2024 (1Q 2024) from RM87.67 million in the same period a year earlier.
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Corporate News
Deleum to focus on broadening its product lines
PETALING JAYA: Deleum Bhd will continue focusing on broadening its product lines and establishing a strong regional presence as it continues to explore opportunities across all its segments.
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Corporate News
Infomina wins RM27mil purchase order contract
PETALING JAYA: Infomina Bhd has secured a purchase order valued at RM27.3mil in the Philippines to deliver technology application and infrastructure operations, maintenance, and support services to Land Bank of the Philippines until Nov 30, 2027.
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Corporate News
Radium unit acquires 5.26-ha land in Cheras for RM458mil
KUALA LUMPUR: Radium Development Bhd through its indirect wholly-owned subsidiary Radium J Velodrome Sdn Bhd, has entered into a conditional sale and purchase agreement to acquire three parcels of contiguous leasehold land in Cheras for RM458 million.
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Corporate News
Solarvest remains optimistic on local RE industry
KUALA LUMPUR: Solarvest Holdings Bhd expects the outlook for the renewal energy (RE) industry in Malaysia to remain optimistic, underpinned by the government’s aggressive effort to increase its RE capacity to 70% of Malaysia’s total energy mix, with an aspiration to achieve net zero by 2050.
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Corporate News
KPJ Healthcare’s 3Q24 revenue hits RM1bil
PETALING JAYA: KPJ Healthcare Bhd, which saw its revenue for the third quarter ended Sept 30, 2024 (3Q24) surpass the RM1bil mark for the first time, expects the healthcare landscape to remain dynamic.
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Corporate News
Haily wins RM115mil construction contract
PETALING JAYA: Haily Group Bhd has accepted a letter of award (LoA) from Permas Jaya Sdn Bhd for the construction and completion for two phases of a residential project in Johor Baru, Johor, worth RM115.10mil.
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Auto
Hyundai to invest RM2.16bil to set up a plant in Kulim
SEOUL: Hyundai Motor will open its first plant in Malaysia next year with an investment valued at RM2.16 billion.
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Corporate News
KLCC Stapled Group's net profit rises to RM206.53mil in 3Q
KUALA LUMPUR: KLCC Stapled Group, which comprises KLCC Property Holdings Bhd (KLCCP) and KLCC Real Estate Investment Trust (REIT), recorded a higher net profit of RM206.53 million in the third quarter ended Sept 30, 2024 (3Q 2024) compared to RM185.33 million in the same period last year.
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Corporate News
Key Asic signs RM10mil ASIC design contract
KUALA LUMPUR: Key Asic Bhd has entered into a major application-specific integrated circuit (ASIC) design service contract with a customer, R Company, for a total contract value of over RM10mil over a period of three years.
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Corporate News
IOIPG’s 1Q25 net profit down on higher interest expenses
PETALING JAYA: IOI Properties Group Bhd began its financial year of 2025 on a weak footing after first-quarter earnings shrunk due to increased interest expense and a lower revenue from its property development business.
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Corporate News
Lay Hong’s 2Q25 net profit jumps sevenfold
PETALING JAYA: Lay Hong Bhd's net profit for the second quarter ended Sept 30, 2024 (2Q25) jumped by more than seven times year-on-year (y-o-y) as it reported an increase in earnings across all segments.
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Forex
Ringgit closes higher against greenback amid falling US bond yields
KUALA LUMPUR: The ringgit closed higher against the American dollar on Monday, buoyed by a decline in US bond yields after the appointment of Scott Bessent as the US Treasury Secretary.
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Corporate News
IJM expands into UK construction market with 50% stake in JRL Group
PETALING JAYA: IJM Corp Bhd is proposing to acquire a 50% stake in United Kingdom (UK) - based diversified construction group JRL Group Holdings Ltd for £50mil (approximately RM283mil).
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Corporate News
S P Setia records higher 9M24 profit
PETALING JAYA: Land disposals worth over RM1bil led to a surge in S P Setia Bhd’s profit before tax (PBT), rising by 2.3 times year-on-year to RM853mil in the nine months ended Sept 30, 2024 (9M24).
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Corporate News
MPI’s net profit jumps 82.4% to RM30mil in 1Q25
KUALA LUMPUR: Malaysian Pacific Industries Bhd (MPI) anticipates a challenging operating environment, shaped by geopolitical instability, currency fluctuations, and inflationary pressures impacting business operations.
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Corporate News
Gas Malaysia's net profit rises to RM115.99mil in 3Q
KUALA LUMPUR: Gas Malaysia Bhd posted a higher net profit of RM115.99 million for the third quarter ended Sept 30, 2024, (3Q FY2024) compared to RM86.16 million in the same quarter last year.
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Corporate News
PetDag posts 81.4% profit surge in 3Q24
KUALA LUMPUR: PETRONAS Dagangan Bhd (PetDag) will continue to focus on streamlining operations and improving efficiency while expanding its core and non-fuel segments.
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Corporate News
Privasia secures RM4.5mil contract with Health Ministry
KUALA LUMPUR: Privasia Technology Bhd’s wholly-owned subsidiary, Privasia Sdn Bhd (PSB) has secured a contract worth RM4.49mil from the Health Ministry.
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Banking
RHB Investment Bank to divest and exit Thailand stockbroking market
KUALA LUMPUR: RHB Investment Bank Bhd (RHB IB), a wholly-owned subsidiary of RHB Bank Bhd, is divesting 99.95% of its stake in RHB Securities (Thailand) Public Company Limited, marking its exit from the Thailand stockbroking and securities market.
