[ KUALA LUMPUR: Negotiations between Muhibbah Engineering (M) Bhd and Cambodian authorities over a possible concession for the new airport in Phnom Penh are progressing well, with the possibility of an ideal scenario coming to fruition, said CGS International (CGSI) Research. In the optimistic outcome outlined by CGSI, Muhibbah would receive compensation for the loss … Read more
[ KUALA LUMPUR: Bursa Malaysia companies with recent developments include Chin Hin, Farm Fresh, UEM Edgenta, KLCC, MMAG, TDM, Mah Sing, Haily and Fast Energy, said Apex Securities Research. Chin Hin Group Bhd has increased its stake in Chin Hin Group Property Bhd (CHGP) by 3.39% to 57.13% for RM29.26 million, buying 22.39 million shares … Read more
[ KUALA LUMPUR: Companies that made corporate announcements include Gamuda, PT Resources, Eduspec, KJTS, Theta Edge, Destini, Topmix and VS Industry Gamuda Bhd’s net profit rose 7.29% to RM208.8 million in the second quarter ended Jan 31, 2024 (2QFY2024) from RM194.62 million a year earlier, on the back of higher revenue from its overseas projects. … Read more
[ KUALA LUMPUR: Companies making headlines include Yinson, Astino, DXN, EcoFirst, Velesto, Nestcon, Maxim, Teladan and Steel Hawk, said Apex Securities Research. Yinson Holdings Bhd’s net profit for the financial year ended Jan 31, 2024 (FY2024) jumped 63% to RM964 million, from RM589 million a year earlier, on the back of a surge in revenue … Read more
[ KUALA LUMPUR: The net outflow of foreign funds from Bursa Malaysia moderated to RM415.1mil in the past week from RM1.51bil in the week before as investors sold down financial services stocks. In its weekly fund flow report, MIDF Research said foreign investors were net sellers everyday of the week except for Tuesday. The risk … Read more
[ KUALA LUMPUR: Companies that made the headlines include Bermaz Auto, CTOS, Eversendai, LSK and Reservoir Link Energy, said Rakuten Trade in its daily market report. Bermaz Auto, which mainly assembles Mazda-branded vehicles, reported its 3QFY10/24 net profit fell 19.23% YoY to RM70.5m compared with RM87.29m dragged by lower sales. Retirement Fund Inc (KWAP) emerged … Read more
[ KUALA LUMPUR: Stocks to watch on Wednesday include PLS Plantations Bhd, Solarvest Holdings Bhd, Crest Builder Holdings Bhd, Paramount Corp Bhd, PPB Group Bhd, Nextgreen Global Bhd and Fajarbaru Builder Group Bhd. Iskandar Waterfront Holdings Sdn Bhd (IWH) and PLS Plantations, two entities linked to tycoon Tan Sri Lim Kang Ho are in talks … Read more
[ KUALA LUMPUR: Post reporting season, analysts are affirming bullish outlooks on the domestic stock market as they expect economic expansion to pick up the pace and stocks to shrug off the sluggishness of the past year. In a market strategy note, CGS International Research, encouraged by year-to-date gains in the FBM KLCI, said it … Read more
[ KUALA LUMPUR: Companies that recently made headlines includes Mah Sing, Unisem, Alliance Bank, MISC, Tenaga, PetGas, Nestle, UOA, MBSB and Heineken, said Apex Securities Research. Mah Sing Group Bhd’s net profit for the three months ended Dec 31, 2023 grew 38% to RM64.74 million compared to RM46.78 million a year ago. Unisem (M) Bhd‘s … Read more
[ KUALA LUMPUR: Moving forward into the second half of its financial year (2HFY24), Sime Darby Bhd is expected to continue to leverage its industrial segment as well as the consolidation of UMW Holdings Bhd. Hong Leong Investment Bank (HLIB) Research said in a post-results update that earnings can be expected to be sustained in … Read more
