KUALA LUMPUR: Here are the latest announcements from Corporate Malaysia.
Axiata Group Bhd
aims to complete the merger of its Indonesian mobile unit XL Axiata with Smartfren Telecom by the end of 2024.
Australia & New Zealand Banking Group Ltd is inviting bids to sell its remaining 5.2% stake in AMMB Holdings Bhd for up to RM701.2mn.
Mah Sing Group Bhd announced it is setting up a joint venture to develop a data centre in Bangi, Selangor.
Serba Dinamik Holdings Bhd will be delisted from Bursa Malaysia effective June 5 after failing to obtain an extension of time to submit its regularisation plan.
To achieve its net zero emissions goal by 2050, Malayan Banking Bhd has identified interim decarbonisation targets for the bank’s palm oil and power portfolios.
RGB International Bhd has secured a contract worth US$81.3mn from the Philippines’ state-owned casino regulator Philippine Amusement and Gaming Corp.
Vizione Holdings Bhd has secured a RM750.0mn contract from a company partially owned by its directors for construction works on a mixed development in Gombak, Selangor.
HHRG Bhd, which was slapped with a RM58.2mn suit by its former executive chairman Ooi Chieng Sim, said it had received the sealed copy of the court’s order pertaining to a Mareva injunction against the group.
MISC Bhd 1QFY24 net profit rose 24% YoY to RM759.9mn on the back of higher earnings from most of its divisions.
Telekom Malaysia Bhd 1QFY24 net profit rose 29% YoY to RM424.8mn mainly due to lower operating costs.
Hong Leong Financial Group Bhd 3QFY24 net profit expanded 11.2% YoY to RM818.1mn, mainly due to higher contributions from its commercial bank.
Hong Leong Bank Bhd net profit rise 12.0% YoY to RM1.0bn in the 3QFY24, thanks to higher interest income and provision writeback.
QL Resources Bhd’s net profit surged almost 35% YoY to RM98.7mn in the 4QFY24 on the back of improved sales from most business segments, which helped offset flat sales for palm oil and clean energy.
Malaysia Airports Holdings Bhd reported a more than 3-fold rise in its 1QFY24 net profit to RM190.0mn, fuelled by higher passenger volumes.
IOI Properties Group Bhd 3QFY24 net profit rose 90.9% YoY to RM220.2mn mainly thanks to the completion of a land sale in Johor.
Panasonic Manufacturing Malaysia Bhd 4QFY24 net profit surged 239.1% YoY to RM17.6mn, on the back of higher revenue achieved, lower material costs and higher share of profit from the associated company.
Genting Bhd’s net profit for the 1QFY24 surged 6 folds to RM588.9mn, mainly contributed by its leisure and hospitality segment in Malaysia and Singapore.
Malaysia Building Society Bhd 1QFY24 net profit rose 5.7% YoY to RM78.3mn, thanks to higher financing earnings and consolidation contribution from MIDF Group.
Leong Hup International Bhd net profit 1QFY24 more than doubled to RM56.6mn, mainly due to a turnaround in its Indonesian operations on better margins for chicks and chickens.
Datasonic Group Bhd posted a 70.0% YoY jump in its 4QFY24 net profit to RM38.6mn, driven by strong demand for passports, identity cards and financial card personalisation services.
