The Malaysian Pulse
Beat of the Nation
Thu, 25 Feb 2021, 4:07 AM
  • Latest

The Edge Markets:
Share
Vitrox’s 4Q profit jumps 79% as quarterly revenue hits record high
KUALA LUMPUR (Feb 24): Vitrox Corp Bhd’s net profit for the fourth quarter ended Dec 31, 2020 (4QFY20) jumped 79.4% to RM31.92 million from RM17.79 million a year earlier, as quarterly revenue hit a...
Malay Mail:
Share
IATA plans digital travel pass to steer airlines towards recovery
LONDON, Feb 24 — Global airline industry body IATA warned that the outlook for airlines has been weakened recently by tightening coronavirus restrictions but said it was preparing for a travel recov...
Malay Mail:
Share
US stocks drop amid inflation fears, vaccine progress
NEW YORK, Feb 24 — Wall Street stocks declined early today as investor jitters over inflation risks offset optimism about progress on coronavirus vaccines.
Malay Mail:
Share
IMF chief warns pandemic leaving some countries behind
WASHINGTON, Feb 24 — The crisis caused by the pandemic is leaving many economies lagging behind, increasing the plight of the poor, a problem made worse by “uneven” access to vaccines, IMF chief...
Malay Mail:
Share
New York shuts cryptocurrency exchanges which hid losses
NEW YORK, Feb 24 — New York state authorities said they reached an agreement to shut down activities of two cryptocurrency trading platforms which hid an estimated US$850 million (RM3.4 billion) in ...
The Edge Markets:
Share
SPV-driven 5G roll out will ensure digital divide risk ‘kept to a minimum’,...
KUALA LUMPUR (Feb 24): The Malaysian Communications and Multimedia Commission (MCMC) has defended its decision to use a dedicated government special purpose vehicle (SPV) to oversee the rolling out of...
The Edge Markets:
Share
Record breaking earnings for VSTECS in FY20, declares 4.5 sen dividend
KUALA LUMPUR (Feb 24): VSTECS Bhd’s net profit for the fourth quarter ended Dec 31, 2020 (4QFY20) grew almost 20% to RM12.87 million — the highest quarterly net profit on record, compared with RM1...
The Edge Markets:
Share
Prestar's 4Q net profit jumps five-fold on stronger demand and higher selling...
KUALA LUMPUR (Feb 24): Steel products and equipment maker Prestar Resources Bhd’ net profit for the fourth quarter ended Dec 31, 2020 (4QFY20) jumped to RM15.76 million, five times the RM3.12 millio...
More:
The Edge Markets:
Share
Malaysia urged to explain deportation of Myanmar detainees despite court order
KUALA LUMPUR (Feb 24): Several lawmakers and rights groups on Wednesday called on Malaysia's government to explain its deportation of more than 1,000 Myanmar nationals, despite a court-ordered stay, w...
More:
Malay Mail:
Share
India’s largest stock exchange reopens after telecoms glitch
MUMBAI, Feb 24 — A telecoms outage shut all trading on India’s National Stock Exchange for nearly four hours today before coming back up, leaving investors in the dark ahead of a monthly derivativ...
The Star:
Share
Geely Auto and Volvo Cars to launch powertrain venture after merger scrapped
BEIJING (Reuters) - China's Geely Automobile and its Swedish sister company Volvo Cars will abandon merger plans but launch a new entity to combine their powertrain operations and expand cooperation on electric vehicles, the companies said.
The Edge Markets:
Share
D&O net profit surges 119% in 4Q amid higher demand, auto industry recovery
KUALA LUMPUR (Feb 24): D&O Green Technologies Bhd’s net profit surged 119% to RM30.32 million for the fourth quarter ended Dec 31, 2020, from RM13.85 million in the previous year’s corresponding q...
The Edge Markets:
Share
Malaysia’s Jan CPI records lowest deflation since March last year, falling by 0...
KUALA LUMPUR (Feb 24): Malaysia’s January headline inflation came in better than consensus expectation, dipping 0.2% to 122.1 from 122.4 a year earlier.
The Edge Markets:
Share
Allianz Malaysia posts higher net profit of RM520.32 mil in FY20
KUALA LUMPUR (Feb 24): Allianz Malaysia Bhd’s net profit for the financial year ended Dec 31, 2020 (FY20) rose to RM520.32 million compared with RM492.48 million in FY19. Revenue also increased to R...
More:
The Edge Markets:
Share
EVENING 5: Five things you need to know today
EVENING 5: National vaccine rollout begins Dirty dealings.
More:
Show more (28)
The Edge Markets:
Share
Strong aluminium prices lift Press Metal 4Q profit, declares 1.25 sen dividend
KUALA LUMPUR (Feb 24): Press Metal Aluminium Holdings Bhd posted a net profit of RM142.6 million for the fourth quarter ended Dec 31, 2020 (4QFY20) on higher aluminium prices, up 6% from RM134.47 mill...
The Edge Markets:
Share
Inari Amertron posts best quarterly net profit in 2Q, to pay 2.5 sen dividend
KUALA LUMPUR (Feb 24): Inari Amertron Bhd posted its best-ever quarterly net profit of RM90.1 million in the second quarter ended Dec 31, 2020 (2QFY21), about 2.4 times the RM37.49 million it made las...
The Edge Markets:
Share
Destini forms JV with KTMB for rail maintenance
KUALA LUMPUR (Feb 24): Destini Bhd has entered into an agreement with Keretapi Tanah Melayu Bhd (KTMB) to establish a joint-venture (JV) company, ET Sdn Bhd (ETSB), to expand its capabilities in maint...
More:
Malay Mail:
Share
South Africa sets out budget as economy reels from pandemic
JOHANNESBURG, Feb 24 — The South African government will unveil its fiscal 2021 spending plans today as the continent’s most industrialised economy grapples with the fallout from the coronavirus p...
Malay Mail:
Share
Aeon’s net profit dips to RM41.42m in FY2020
KUALA LUMPUR, Feb 24 — Aeon Co (M) Bhd’s net profit for the financial year (FY) ended December 31, 2020, fell to RM41.42 million from RM109.229 million registered last year.
More:
The Edge Markets:
Share
Better operating profit from China narrows Parkson’s 2Q net loss
KUALA LUMPUR (Feb 24): Parkson Holdings Bhd has narrowed its net loss to RM28.27 million or 2.65 sen per share in the second quarter ended Dec 31, 2020 (2QFY21), from RM81.08 million or 7.6 sen per sh...
Malay Mail:
Share
UOB Research: Malaysia’s headline inflation sees smaller contraction of 0.2pc
KUALA LUMPUR, Feb 24 — Malaysia’s headline Consumer Price Index (CPI) fell at a slower pace of 0.2 per cent year-on-year (y-o-y) in January 2021 from -1.4 per cent y-o-y in December 2020, coming i...
The Star:
Share
Rising aluminium prices lift Press Metal profits
KUALA LUMPUR: Press Metal Aluminium Holdings Bhd said rising prices of aluminium lifted the group's revenue and profits in the last quarter.
The Star:
Share
AEON Malaysia registers RM41.4mil net profit in FY20
KUALA LUMPUR: AEON Co. (M) Bhd reported a drop in fourth quarter earnings as sales suffered due to the Covid-19 restrictions.
The Edge Markets:
Share
Genting Plantations says 4Q net profit up 28%, declares 15 sen dividend
KUALA LUMPUR (Feb 24): Genting Plantations Bhd’s net profit grew by 28.1% to RM79.04 million in the fourth quarter ended Dec 31, 2020 from RM61.69 million a year earlier, due to stronger palm produc...
The Edge Markets:
Share
DRB-Hicom 4Q profit surges on higher contributions from auto, property segments
KUALA LUMPUR (Feb 24): DRB-Hicom Bhd has reported a surge in net profit to RM985.99 million for the fourth quarter ended Dec 31, 2020 (4QFY20), from RM47.5 million in the preceding quarter, fuelled by...
More:
The Edge Markets:
Share
Rubberex posts record FY20 earnings as 4Q profit scales new high with 203%...
KUALA LUMPUR (Feb 24): Rubberex Corp Bhd posted a fourth quarter ended Dec 31, 2020 net profit of RM59.44 million — 15 times the RM3.88 million it made in the corresponding quarter a year ago — an...
The Edge Markets:
Share
SDB launches CSR initiative One-Two-Boost for adults with disabilities
KUALA LUMPUR (Feb 24): Selangor Dredging Berhad (SDB) recently launched a Corporate Social Responsibility (CSR) programme called One-Two-Boost for young adults with disabilities.
The Edge Markets:
Share
MyEG again denies abusing its dominant position
KUALA LUMPUR (Feb 24): MY EG Services Bhd (MyEG) has again denied committing any offences of abusing its dominant position as part of its judicial review appeal at the Court of Appeal for the RM9.34 m...
The Edge Markets:
Share
Zico Holdings MD Chew claims 2014 agreement he signed with Zaid was drafted in...
KUALA LUMPUR (Feb 24): Datuk Mohd Zaid Ibrahim’s claim that an agreement he signed with Zico Holdings Inc managing director Chew Seng Kok in May 2014 was supposed to address the balance of payments ...
The Edge Markets:
Share
AirAsia Group recognises RM299m loss on Japan associate's bankruptcy proceedings
KUALA LUMPUR (Feb 24): AirAsia Group Bhd said today the budget airline has recognised a loss of US$74.11 million (RM299.34 million) in the second half of 2020 (2H2020) as a result of 33%-owned associa...
Malay Mail:
Share
UK bank Lloyds logs profit slump on virus hit
LONDON, Feb 24 — Britain’s Lloyds Banking Group today reported a slump in 2020 profit due to “significant” economic fallout from the coronavirus pandemic.
Malay Mail:
Share
MIDF Research maintains 2021 inflation forecast at 1.8pc
KUALA LUMPUR, Feb 24 — MIDF Research has maintained Malaysia’s Consumer Price Index (CPI) inflation forecast at 1.8 per cent in 2021, with the inflation rate trending upwards as oil price increase...
Malay Mail:
Share
Chair of Japan automaker Suzuki to step down
TOKYO, Feb 24 — Suzuki’s chairman Osamu Suzuki will retire after more than four decades at the helm of the Japanese carmaker, the company said today.
Malay Mail:
Share
Ringgit marginally higher versus US dollar on improved sentiment
KUALA LUMPUR, Feb 24 — The ringgit closed marginally higher against the US dollar today on improved sentiment for the local note as Malaysia started its nationwide exercise to provide Covid-19 immun...
More:
The Star:
Share
AirAsia takes RM320mil hit due to Japan unit bankruptcy
KUALA LUMPUR: AirAsia Group Bhd said it has suffered a RM320mil hit arising from the closure of its associate company in Japan.
The Edge Markets:
Share
AirAsia Group says recognised RM299m loss in 2H2020 due to Japan associate...
AirAsia Group says recognised RM299m loss in 2H2020 due to Japan associate bankruptcy proceedings
The Edge Markets:
Share
Hap Seng Plantations' 4Q net profit rises on higher commodity prices
KUALA LUMPUR (Feb 24): Hap Seng Plantations Holdings Bhd saw its net profit in the fourth quarter ended Dec 31, 2020 (4QFY20) increase by 47% quarter-on-quarter (q-o-q) to RM36.95 million from RM25.08...
The Edge Markets:
Share
Globetronics Technology’s 4Q net profit rises 15.97% on higher revenue
KUALA LUMPUR (Feb 24): Globetronics Technology Bhd’s net profit for the fourth quarter ended Dec 31, 2020 (4QFY20) rose 15.97% to RM16.86 million from RM14.54 million a year ago on higher revenue.
The Edge Markets:
Share
Petronas makes oil discovery offshore East Java in Indonesia
KUALA LUMPUR (Feb 24): Petroliam Nasional Bhd (Petronas) said its subsidiary PC North Madura II Ltd has made an oil discovery at the Hidayah-1 exploration well, located within the North Madura II Prod...
More:
The Edge Markets:
Share
MARC says 2021 investments unlikely to return to pre-pandemic level
KUALA LUMPUR (Feb 24): Malaysian Rating Corp Bhd (MARC), which had recently lowered its 2021 real gross domestic product (GDP) growth projection in Malaysia to 5.6%, said investments in 2021 are unlik...
The Edge Markets:
Share
Dayang Enterprise’s 4Q net profit plunges 83.17% on slow work orders
KUALA LUMPUR (Feb 24) : Dayang Enterprise Holdings Bhd’s net profit for the fourth quarter ended Dec 31, 2020 (4QFY20) slumped 83.17% to RM13.17 million, from RM78.23 million a year ago, dragged by ...
Malay Mail:
Share
Heathrow airport dives into £2.0b annual loss
LONDON, Feb 24 — London’s Heathrow airport dived into a net loss of £2.0 billion (RM11.4 billion) last year, a result that “underlines the devastating impact of Covid-19 on aviation”, it said...
Malay Mail:
Share
Bursa ends lower as vaccination programme intensifies selling in glove counters
KUALA LUMPUR, Feb 24 — Bursa Malaysia closed at its intraday low for the third consecutive day today, as selling in glove heavyweights intensified in conjunction with the implementation of the Natio...
Malay Mail:
Share
Net foreign buying of ringgit bonds at RM3.7b in January
KUALA LUMPUR, Feb 24 — Net foreign purchases of ringgit bonds sustained a healthy RM3.7 billion in January 2021 compared with RM3.6 billion recorded in December 2020, extending the inflow for the ni...
More:
Malay Mail:
Share
TM foresees flat or low single-digit revenue growth for FY21
KUALA LUMPUR, Feb 24 — Telekom Malaysia Bhd (TM) expects its revenue to flatten or grow at a low single digit for the financial year ending December 31, 2021 (FY21) with potential growth areas inclu...
The Star:
Share
Sunway joins global push for climate-related financial disclosures
KUALA LUMPUR: Sunway Bhd, Sunway Construction Group Bhd and Sunway REIT have joined the global initiative to support the recommendations of the Task Force on Climate-Related Financial Disclosures (TCFD).
The Star:
Share
Vitrox to expand capacity as Q4 revenue surges to new high
KUALA LUMPUR: Vitrox Corp Bhd, an equipment testing company. is expanding its capacity by 30% this year as strong demand boosted its revenue and earnings in the last quarter ended Dec 31.
The Edge Markets:
Share
TM to invest 14% to 18% of FY21 revenue for capex purposes
KUALA LUMPUR (Feb 24): Telekom Malaysia Bhd (TM) will be investing between 14% and 18% of its annual revenue for the financial year ending Dec 31, 2021 (FY21) for capital expenditure (capex) purposes...
More:
The Edge Markets:
Share
Tek Seng returns to the black in 4Q on stronger PVC earnings, profitable solar...
KUALA LUMPUR (Feb 24): Tek Seng Holdings Bhd returned to the black with a net profit of RM8.16 million for the fourth quarter ended Dec 31, 2020 (4QFY20), from a net loss of RM12.94 million a year ago...
Malay Mail:
Share
French hotel giant Accor plunges into red as virus hits
PARIS, Feb 24 — French hotel giant Accor said today it plunged into the red last year as the coronavirus pandemic devastated the hotel and hospitality business worldwide.
Malay Mail:
Share
Sterling rises past US$1.42, hits highest vs euro in a year
LONDON, Feb 24 — Sterling jumped above US$1.42 (RM5.74) today, coming within touching distance of US$1.43, while also reaching a year’s high against the euro as analysts retained their bullish vie...
Malay Mail:
Share
UOA Development net profit slips to RM391.28m in FY20
KUALA LUMPUR, Feb 24 — UOA Development Bhd’s net profit for the financial year ended December 31, 2020 (FY20), dropped slightly to RM391.28 million compared with RM399.47 million recorded in 2019.
More:
The Star:
Share
Dayang sees recovery in FY21 on higher oil prices after a weak Q4
KUALA LUMPUR: Dayang Enterprise Holdings Bhd, an oil and gas services company, said its revenue and earnings tumbled in the last quarter as the Covid-19 pandemic resulted in slower work orders and higher operating cost.
The Star:
Share
Hap Seng Plantations posts higher 4Q net profit of RM36.95mil
KUALA LUMPUR: Hap Seng Plantations Holdings Bhd posted an 18.6% increase in net profit to RM36.95mil in the fourth quarter ended Dec 31, 2021, as compared to RM31.17mil in the previous corresponding quarter on higher average selling prices of crude palm oil (CPO) and palm kernel (PK)
The Star:
Share
FBM KLCI declines 7.5 points; almost 1,000 stocks in red
KUALA LUMPUR: Share prices on Bursa Malaysia ended lower, mirroring regional equity performances on continuous profit-taking in index-linked stocks.
More:
The Edge Markets:
Share
FBM KLCI closes down 7.5 points at 1,557.55
FBM KLCI closes down 7.5 points at 1,557.55
More:
The Edge Markets:
Share
Yang di-Pertuan Agong says Parliament sittings may take place during state of...
Yang di-Pertuan Agong says Parliament sittings may take place during state of emergency at a date he deems appropriate, as advised by the Prime Minister.
More:
The Edge Markets:
Share
Perodua plans capex of RM1.2b in 2021
RAWANG (Feb 24): Perusahaan Otomobil Kedua Sdn Bhd (Perodua) is planning capital expenditure (capex) of RM1.18 billion on research and development (R&D) and expansion of sales network in 2021.
Malay Mail:
Share
Hong Kong stocks dive on stamp duty plan
HONG KONG, Feb 24 — Hong Kong shares ended with hefty losses today after the city’s finance chief said he would hike stamp duty on equity trade for the first time in almost three decades.
Malay Mail:
Share
European equities mixed at open
LONDON, Feb 24 — European stock markets were mixed at the start of trading today.
More:
Malay Mail:
Share
Finance minister: Govt approves RM1.259b under Penjana SME financing scheme
KUALA LUMPUR, Feb 24 — The government has approved 6,731 applications involving an allocation of RM1.259 billion under the National Economic Recovery Plan (Penjana) Small and Medium Enterprise (SME)...
More:
Malay Mail:
Share
Perodua earmarks RM1.2b for capex this year
RAWANG, Feb 24 — Perusahaan Otomobil Kedua Sdn Bhd (Perodua) is allocating RM1.2 billion for capital expenditure (capex) this year.
More:
The Star:
Share
SEDA appoints Hamzah Hussin as CEO
KUALA LUMPUR: Sustainable Energy Development Authority (SEDA) Malaysia has appointed Datuk Hamzah Hussin as its new chief executive officer, effective Feb 22, 2021.
The Star:
Share
Iberdrola to spend more than $180 bln by 2030 after profit rises
MADRID: Europe's biggest wind power generator Iberdrola pledged on Wednesday to invest 150 billion euros ($182.39 billion) on tripling its renewable capacity and doubling its network assets by 2030, bolstered by a rise in annual net profit.
The Star:
Share
Hong Kong hikes share trading tax, stock plunges despite record profit
HONG KONG: Hong Kong said on Wednesday it would increase the tax on stock trading in the global financial hub, sending shares in the city's stock exchange operator tumbling, even as it posted record profits due to high trading volumes.
The Star:
Share
China shares slump most in 7 months as tightening fears mount
SHANGHAI: Chinese shares closed lower on Wednesday, with the benchmark stock index witnessing its biggest daily drop in seven months, as investors worried about high valuations amid growing concerns of tightening in policies.
The Star:
Share
Majuperak to raise RM21m from placing out new shares
KUALA LUMPUR: Property company Majuperak Holdings Bhd plans to raise RM20.96mil from placing out its shares as it seeks to boost its operations and explore new opportunities.
More:
The Edge Markets:
Share
Cover Story: Competition for EVs in Southeast Asia heats up
AS the world turns its attention towards electric vehicles (EVs), countries with an established automotive ecosystem are vying for a slice of the action.
The Edge Markets:
Share
Cover Story: The EV race Can Malaysia keep up?
I’M done with Malaysia. I am packing up and going to India and Indonesia to sell my technology to local bus manufacturers there,” says a Shah Alam-based developer of technology for electric bus po...
The Edge Markets:
Share
Malaysia on track for economic recovery with rollout of vaccination programme...
KUALA LUMPUR (Feb 24): Malaysia's economic recovery plan is on the right track with the National Covid-19 Immunisation Programme that begins today, said Finance Minister Tengku Datuk Seri Zafrul Abdul...
More:
Malay Mail:
Share
Tokyo's Nikkei ends sharply lower
TOKYO, Feb 24 ― Tokyo's benchmark stock index closed down more than one per cent today, hit by fears that an expected strong recovery in the global economy will fan inflation.
Malay Mail:
Share
UK's Sunak could extend stamp duty holiday until June-end, says report
LONDON, Feb 24 ― British finance minister Rishi Sunak is preparing to extend the stamp duty holiday by three months until the end of June in an attempt to boost activity in the housing market as the...
The Edge Markets:
Share
Tech: Yoodo to connect with more users this year
2021 will be all about building the Yoodo brand.
The Edge Markets:
Share
Malaysia's economy seen 'at risk' as MCO spurs slowdown bets — Moody’s Analytics
KUALA LUMPUR (Feb 24): Malaysia's economic outlook is marked as "at risk", Moody's Analytics said today, as the country's Covid-19-driven Movement Control Order (MCO), which bars interstate travel, sp...
The Edge Markets:
Share
Several states in peninsula begin receiving Covid-19 vaccine
KUALA LUMPUR (Feb 24): Several states in Peninsular Malaysia have started receiving the supply of Covid-19 vaccine, Comirnaty, produced by Pfizer-BioNTech today, marking the beginning of the first pha...
The Edge Markets:
Share
Sugarbook founder charged with inciting mischief over 'sugar babies' claims
SHAH ALAM (Feb 24): The founder of the Sugarbook application was charged in the Magistrate's Court today with publishing statements conducive to public mischief on social media on Feb 10.
The Edge Markets:
Share
Datasonic 3Q net profit slumps on lower demand for passport, consumables and...
KUALA LUMPUR (Feb 24): Datasonic Group Bhd saw its net profit for the third quarter ended Dec 31, 2020 (3QFY21) slump following lower demand for its passport, consumables and personalisation services.
The Edge Markets:
Share
Tashin, AYS, YKGI, Industronics, Sin Heng Chan, Samchem, Jade Marvel, Fajarbaru...
KUALA LUMPUR (Feb 24): theedgemarkets.com highlighted 12 stocks with momentum at Bursa Malaysia's afternoon break today.
The Edge Markets:
Share
Catalist-listed Zico issues profit warning for FY20
KUALA LUMPUR (Feb 24): Zico Holdings Inc, an integrated provider of multidisciplinary professional services, has filed a profit warning with the Singapore Stock Exchange (SGX) as it expects to incur l...
The Edge Markets:
Share
Bursa Malaysia working with vendors to address glitch, says CEO
KUALA LUMPUR (Feb 24): Bursa Malaysia Bhd is working continuously with vendors on a thematic review to identify and address possible software issues, said chief executive officer Datuk Muhamad Umar Sw...
The Edge Markets:
Share
Bridging the digital divide in Southeast Asia
Click / Tap image to enlarge Download High Resolution
The Edge Markets:
Share
Malaysia-Singapore Business Council urges reinstatement of travel bubble
KUALA LUMPUR (Feb 24): The Malaysia-Singapore Business Council (MSBC) (Malaysian chapter) has urged that the business travel bubble between Malaysia and Singapore be reinstated.
The Edge Markets:
Share
Telekom Malaysia 4Q net profit at RM259m versus RM51m net loss a year earlier
KUALA LUMPUR (Feb 24): Telekom Malaysia Bhd (TM) reported today that fourth quarter net profit stood at RM259.44 million versus net loss of RM51.09 million a year earlier.
The Edge Markets:
Share
KLCI struggles to keep gains as heavyweight glovemakers drag on vaccine rollout
KUALA LUMPUR (Feb 24): The main index at Bursa Malaysia struggled to keep its gains at the midday break Wednesday after index-linked glove makers faced selling pressure as Malaysia's vaccination progr...
More:
Malay Mail:
Share
Bursa Malaysia stays in positive territory at mid-day
KUALA LUMPUR, Feb 24 ― Bursa Malaysia remained in the positive territory at midday, as sectors with high earnings certainty continued to gain traction.
More:
Malay Mail:
Share
Moody’s: Global economies to remain uneven this year due to Covid-19 impact
KUALA LUMPUR, Feb 24 ― Global economic activity is likely to remain unbalanced this year due to the Covid-19 pandemic and its various impact which casted a shadow over health systems and economies, ...
The Star:
Share
Moody's Analytics: MCO 2.0 will impact Malaysia's economic growth this year
KUALA LUMPUR: The second Movement Control Order (MCO2.0) in key states with bustling economic activities would pose an impact on Malaysia’s economic growth this year, said financial intelligence company Moody’s Analytics.
The Star:
Share
Datasonic impacted by lower supply of passports
KUALA LUMPUR: Datasonic Group Bhd reported a weaker set of financial results in the nine months ended Dec 31,2020 mainly due to lower supply of passports provided due to the Covid-19 and international travel curbs.
The Star:
Share
UOA Development posts FY20 net profit of RM391.29mil
KUALA LUMPUR: UOA Deveopment Bhd posted a net profit of RM391.29mil in the financial year ended Dec 31, 2020, a 2.04% decrease from RM399.47mil in the previous corresponding period.
The Star:
Share
AirAsia shares slip on profit-taking; Choi emerges as substantial shareholder
KUALA LUMPUR: AirAsia Group Bhd, which saw the emergence of Stanley Choi Chiu Fai as its new substantial shareholder, fell at midday.
The Star:
Share
Telekom Malaysia posts FY20 net profit of RM1.01b
KUALA LUMPUR: Telekom Malaysia Bhd posted net profit of RM1.01bil in the financial year ended Dec 31,2020, an increase of 60.5% from RM632.67mil a year ago.
The Star:
Share
Pos Malaysia on recovery track
Group to post earnings turnaround
The Edge Markets:
Share
LKL unit to exclusively distribute Singaporean trace tokens, eyes Selangor as...
KUALA LUMPUR (Feb 24): LKL International Bhd has announced that its subsidiary LKLAdvance Metaltech Sdn Bhd has secured exclusive distributorship rights for Singapore-based iWOWTechnology Pte Ltd’s ...
The Edge Markets:
Share
High Court allows MACC to forfeit RM1.5m from MonSpace director Jessy Lai Chai...
KUALA LUMPUR (Feb 24): The High Court here had today allowed the Malaysian Anti-Corruption Commission's (MACC) application to forfeit RM1.5 million from MonSpace (M) Sdn Bhd director Datuk Seri Jessy ...
Malay Mail:
Share
Statistic Dept: Malaysia’s CPI fell 0.2pc yoy in January 2021
KUALA LUMPUR, Feb 24 — Malaysia’s Consumer Price Index (CPI) declined 0.2 per cent to 122.1 last month from 122.4 in January 2020, said the Department of Statistics Malaysia (DoSM). In a statem...
More:
Malay Mail:
Share
Hong Kong plans HK$101.6b budget deficit in 2021/22 fiscal year
HONG KONG, Feb 24 ― Hong Kong expects a budget deficit of HK$101.6 billion (RM52.9 billion) for the 2021/22 fiscal year, Finance Secretary Paul Chan said today.
The Star:
Share
Blue chips rally on earnings optimism
KUALA LUMPUR: The FBM KLCI bounced higher on Wedneday as investors picked up bargains ahead of the release of corporate earnings.
The Star:
Share
Petronas finds gas 90km off Sarawak
KUALA LUMPUR: Petroliam Nasional Bhd found a gas from the Dokong-1 wildcat exploration well in Block SK417 production sharing contract (PSC), located in the shallow waters of Baram Province.
More:
The Edge Markets:
Share
MY Say: Vigilante capitalism — should we cheer it on?
Events on Wall Street over the last few weeks have been interesting.
The Edge Markets:
Share
Malaysia CPI declined 0.2% year-on-year in January 2021
Malaysia CPI declined 0.2% year-on-year in January 2021
The Edge Markets:
Share
Syarikat Takaful up 6% on firm 4Q earnings, positive outlook
KUALA LUMPUR (Feb 24): Shares in Syarikat Takaful Malaysia Keluarga Bhd (STMKB) reached a nearly one-and-a-half-month high this morning on the back of better results in its latest financial quarter.
The Star:
Share
Denso Malaysia invests RM160m in advanced semicon production
KUALA LUMPUR: Japan’s Denso Corporation is investing RM160mil to expand the production capacity of its automotive semiconductors in Malaysia.
The Star:
Share
Australia, NZ dlrs extend rally, RBNZ emphasises policy patience
SYDNEY: The Australian and New Zealand dollars extended their rapid rally on Wednesday as relatively high local yields drew buyers, and New Zealand's central bank sounded upbeat on the local economy even as it signalled rates would stay low.
The Edge Markets:
Share
Glove stocks in the red as first phase of Malaysia's vaccination programme...
KUALA LUMPUR (Feb 24): Glove counters dominated the list of top losers this morning as the first phase of the National Covid-19 Immunisation Programme rolls out today.
The Edge Markets:
Share
JF Apex raises Frontken target price to RM5.78 on higher FY21, FY22 earnings...
KUALA LUMPUR (Feb 24): JF Apex Research has maintained its “buy” rating on Frontken Corp Bhd at RM5.32 with a higher target price of RM5.78 (from RM4.33) after rolling over its valuation to FY22F,...
The Edge Markets:
Share
MIDF upgrades PetChem to 'buy' with higher target price
KUALA LUMPUR (Feb 24): MIDF Research has upgraded Petronas Chemicals Group Bhd (PetChem) to a “buy” call from “neutral” previously, with a higher target price (TP) of RM8.03 per share, from RM...
The Edge Markets:
Share
HLIB Research upgrades BToto to 'buy', raises target price by 13% to RM2.40 on...
KUALA LUMPUR (Feb 24): Hong Leong Investment Bank (HLIB) Research has upgraded Berjaya Sports Toto Bhd (BToto) to "buy" from "hold", and upgraded its target price by 13% to RM2.40 from RM2.13, as it e...
Malay Mail:
Share
Tokyo stocks open lower on lingering inflation worries
TOKYO, Feb 24 ― Tokyo stocks opened lower today over inflation fears as a recent rise in yields of US Treasury bonds weighed on tech shares.
The Star:
Share
Gloves, pharma stocks weigh on market
KUALA LUMPUR: Glove makers continued to lose ground in late morning trade on Wednesday while pharma stocks also followed as the vaccines for the Covid-19 are rolled out.
The Star:
Share
Govt to continue assisting glove industry
IPOH: The government will continue to assist the manufacturing sector, especially the rubber glove industry to maintain Malaysia’s position as a main player in the supply of rubber gloves for the gl...
More:
The Star:
Share
CSC earnings above expectations
KUALA LUMPUR: Better demand and improved margins should drive CSC Steel Holdings Bhd’s earnings in the coming yea
The Star:
Share
Hibiscus Petroleum to ride on oil price momentum
PETALING JAYA: Rising oil prices will help boost the prospects of Hibiscus Petroleum Bhd and lift investor sentiment towards its shares.
More:
The Edge Markets:
Share
Ringgit rebounds against US dollar in early trade
KUALA LUMPUR (Feb 24): The ringgit rebounded in early trade on Wednesday as risk appetite for the local currency improved, thanks to the weaker greenback and firmer oil prices.
Malay Mail:
Share
Asian stocks open lower on inflation fears
MIAMI, Feb 23 ― Asian equities opened lower today on concerns about rising interest rates and rich equity valuations and following a downdraft in US and European overnight trading.
The Star:
Share
Quick take: Maxis shares up on technical buy
KUALA LUMPUR: Maxim Global Bhd’s shares rose in early trade Wednesday following a technical buy call from PublicInvest Research.
The Star:
Share
Quick take: Alcom jumps 38% after strong earnings report
KUALA LUMPUR: Shares in Alcom Group Bhd surged over 38% in early trade following the release of its strong fourth quarter earnings.
The Star:
Share
Petronas Chemicals leads KLCI’s rebound
KUALA LUMPUR: Petronas Chemicals underpinned the FBM KLCI’s rebound early Wednesday after its strong fourth quarter earnings and also firm crude oil prices.
The Star:
Share
Trading ideas: Nestle, PetChem, IOI Corp, SunCon, AT Systematization
KUALA LUMPUR: Stocks to watch on Wednesday include Nestle (M) Bhd, Petronas Chemicals Group Bhd, IOI Corp Bhd, Leong Hup International Bhd, Sunway Construction Group Bhd and AT Systematization Bhd, according to JF Apex Research.
The Star:
Share
PPB earnings buoyed by higher CPO price
PETALING JAYA: PPB Group Bhd has been been upgraded to an “outperform” from “market perform” by Kenanga Research on improving prospects.
The Star:
Share
RLEB comes out strong despite challenges in industry
PETALING JAYA: Reservoir Link Energy Bhd (RLEB) reported a net profit of RM7.52mil for its fourth quarter ended Dec 31,2020, on revenue of RM22.08mil.
The Star:
Share
TechnipFMC clinches Petronas Carigali contract
KUALA LUMPUR: International oil and gas services company TechnipFMC’s subsidiary has secured a substantial contract – ranging from US$250mil to US$500mil – from Petronas Carigali Sdn Bhd for the Limbayong deepwater development project offshore Malaysia.
More:
The Star:
Share
Frontken posts record net profit in 4Q
KUALA LUMPUR: Frontken Corp Bhd’s net profit rose to RM23.29mil in the fourth quarter ended Dec 31,2020 (Q4 2020) from RM18.20mil in the same period the previous year.
The Star:
Share
BToto sees higher earnings
PETALING JAYA: Berjaya Sports Toto Bhd’s (BToto) net profit for its second quarter ended Dec 31,2020 rose to RM65.06mil from RM61.94mil in the previous corresponding period, mainly due to lower prize payouts as well as lower operating expenses incurred during the period.
The Star:
Share
Land & General posts 3Q net profit of RM7.24m
KUALA LUMPUR: Land & General Bhd (L&G) posted a net profit of RM7.24mil in the third quarter ended Dec 31,2020, against a net loss of RM637,000 in the same period of the previous year.
More:
The Star:
Share
Mobilia makes strong debut on Ace Market
KUALA LUMPUR: Home furniture manufacturer Mobilia Holdings Bhd made a strong debut on Bursa Malaysia’s Ace Market yesterday as it opened at 65 sen – a premium of 42 sen from its offering price of 23 sen.
More:
The Edge Markets:
Share
Opening of theme park by mid-2021, raises optimism of Genting group’s prospects
KUALA LUMPUR (Feb 24): Genting Malaysia Bhd’s outdoor theme park Genting SkyWorlds, in which it has invested US$800 million, will open in the middle of this year.
Malay Mail:
Share
EasyJet bookings soar as England readies lockdown exit
LONDON, Feb 25 ― EasyJet shares rallied yesterday on rocketing flight bookings for the British airline, boosted by Prime Minister Boris Johnson's plan to ease England's coronavirus lockdown.
Malay Mail:
Share
Dollar stabilises after Powell, pound hits three-year high
NEW YORK, Feb 24 ― The dollar was modestly higher yesterday afternoon after US Federal Reserve chair Jerome Powell pushed back on suggestions that loose monetary policy risked unleashing inflation, ...
Malay Mail:
Share
Sterling hits US$1.41 for the first time in three years
LONDON, Feb 24 ― Sterling edged higher yesterday, climbing above US$1.41 (RM5.70) for the first time in three years after Prime Minister Boris Johnson set out a schedule for easing lockdown and fina...
Malay Mail:
Share
Marriott names new CEO after Sorenson death
WASHINGTON, Feb2 4 ― Marriott International yesterday appointed Anthony Capuano as chief executive, replacing Arne Sorenson, who died last week following a battle with cancer.
Malay Mail:
Share
Billionaire Lufthansa investor Thiele dies aged 79
BERLIN, Feb 24 ― German billionaire Heinz Hermann Thiele, the biggest shareholder in Lufthansa airline, died yesterday aged 79, announced Knorr-Bremse, the company through which he built his fortune...
The Star:
Share
IOI earnings to remains strong in 2H, says Kenanga
KUALA LUMPUR: Kenanga Research expects IOI Corp Bhd's earnings in the second half of its financial year to remain strong despite the seasonally weaker production.
The Star:
Share
Berjaya Sports Toto sales recovery on track
KUALA LUMPUR: RHB Research is positive on Berjaya Sports Toto Bhd as its ticket sales recovery remains on track with 1HFY21 earnings in line with estimates.
The Star:
Share
Thailand plans new curbs on cryptocurrency
BANGKOK: Thailand plans to introduce new rules to curb individuals’ cryptocurrency trading after a surge in inflows from young people sparked concern from regulators.
The Star:
Share
Applications for feed-in tariff quota to be opened in June
PUTRAJAYA: The government, through the Sustainable Energy Development Authority (Seda), will open applications for feed-in tariff (FiT) quotas totalling 188 megawatts for biogas, mini hydro and biomass resources in Peninsular Malaysia in June.
More:
The Star:
Share
Influx of HK buyers fails to stem London’s posh home slide
LONDON: An influx of cash-rich Hong Kong buyers is barely making a dent in London’s ailing luxury property market.
The Star:
Share
Reliance to spin off O2C ops with US$25bil loan
MUMBAI: Reliance Industries Ltd (RIL) has started carving out its new oil-to-chemicals (O2C) operation into an independent unit with a US$25bil loan from the parent, as billionaire Mukesh Ambani steps up efforts to unlock the value of his businesses.
The Star:
Share
Thai exports continue to rise in January
BANGKOK: Thailand’s exports in January rose for a second straight month, climbing 0.35% from a year earlier, and should continue to grow this year as the global economy recovers, the commerce ministry said.
The Star:
Share
Saudi wealth fund targets startups
LONDON: Saudi Arabia’s sovereign wealth fund is backing a Middle East venture-capital fund run by Hambro Perks Ltd, joining the trend for state investors in the region to put money into early-stage companies.
The Star:
Share
Low-carbon steel becomes top priority
SHANGHAI: As China pursues cleaner, low-carbon and more efficient steel sector development, analysts expect multinational companies to carry out deeper and higher-quality cooperation in the Chinese market this year despite the impact of Covid-19.
The Star:
Share
Teladan Setia to focus on Melaka property sector
Developer to acquire land parcels worth over RM35mil
The Star:
Share
Insight - Another Boeing crisis? Not exactly
IT’S never helpful for the aviation community when fiery debris falls from the sky onto a large US city. But some perspective is warranted on this weekend’s incident involving a United Airlines Holdings Inc-operated Boeing Co 777 jet.
The Star:
Share
Industry soaring high
BEIJING: China is leading the global civil aviation industry in recovering from the impact of Covid-19. The nation’s economic resilience and growth momentum continue to inspire confidence among multinationals in the aviation industry.
The Star:
Share
Brazil’s Vale bullish on conditions in China
RIO DE JANEIRO: Brazilian mining company Vale SA said it will continue investing in China and further expand its presence in the country, which has been witnessing an ever increasing share of the global mining giant’s total sales.
The Star:
Share
Elon Musk loses US$15bil in a day after bitcoin warning
NEW YORK: Elon Musk is no longer the world’s richest person after Tesla Inc shares slid 8.6% on Monday, wiping US$15.2bil from his net worth.
The Star:
Share
Commodities hit highest since 2013 amid inflation concern
NEW YORK: Commodities rose to their highest in almost eight years amid booming investor appetite for everything from oil to corn.
The Star:
Share
Lucid Motors to go public with US$24bil valuation
SAN FRANCISCO: Lucid Motors Inc is merging with a blank-cheque company run by financier Michael Klein that values the combined entity at a pro-forma equity value of US$24bil, the biggest in a series of deals involving electric-vehicle (EV) startups cashing in on investor appetite for battery-powered cars.
The Star:
Share
Pimco gets burned as Just Energy craters after Texas loss
NEW YORK: Canadian energy retailer Just Energy Group Inc revealed a big loss from the Texas crisis and said it may have trouble continuing as a going concern after last week’s freezing weather cost it about US$250mil.
The Star:
Share
Iron ore imports hit record in 2020
BEIJING: China’s iron ore imports hit a record 1.17 billion tonnes in 2020, with the average import price up 7.3% year-on-year to US$101.7 per tonne, which analysts say reflects robust demand in the downstream steel market and a continued and stable recovery of the Chinese economy.
The Star:
Share
Leong Hup Q4 net profit soars to RM52.56mil on higher revenue
KUALA LUMPUR: Leong Hup International Bhd is optimistic about its performance in 2021 on expectation of gross domestic growth in the countries it operate in and improved business environment in the coming year.
More:
The Edge Markets:
Share
Padini surged on higher trading volume, says RHB Retail Research
KUALA LUMPUR (Feb 24): RHB Retail Research said Padini Holdings Bhd surged further on higher trading volume yesterday.
More:
The Edge Markets:
Share
U.S. stocks up on Powell; Asia set for mixed start
(Feb 24): U.S. stocks reversed losses after reassuring comments from Federal Reserve Chairman Jerome Powell on inflation and the outlook for growth spurred traders to buy the dip.
Malay Mail:
Share
Brazil's Petrobras rebounds partly from stock plunge
SAO PAULO, Feb 24 ― Shares in Brazil's state-run oil company, Petrobras, partly regained their losses yesterday after diving by more than 20 per cent on news that President Jair Bolsonaro was changi...
More:
Malay Mail:
Share
Lucid Motors' US$62b valuation sparks bubble concerns
NEW YORK, Feb 24 ― Stock market investors valued electric vehicle maker Lucid Motors at US$62 billion (RM250.7 billion) yesterday after a deal to merge with blank check firm Churchill Capital IV, sp...
Malay Mail:
Share
Apple plans to increase dividend, approves stock payout to CEO, says report
SAN FRANCISCO, Feb 24 ― Apple Inc is planning to increase dividend according to Chief Executive Tim Cook, CNBC reported yesterday, citing the shareholder meeting.
Malay Mail:
Share
S&P 500, Dow close higher in late session turnaround
NEW YORK, Feb 24 ― Wall Street reversed course late yesterday, with the S&P 500 and the Dow whipsawing to positive territory by the closing bell in a tug-of-war between stocks that thrived amid lock...
Malay Mail:
Share
Global stocks rebound on Powell policy remarks, oil gains
NEW YORK, Feb 24 ― A gauge of global equity markets rebounded in a late-session rally yesterday after US Federal Reserve Chair Jerome Powell calmed fears of rising interest rates that have roiled bo...
More:
Malay Mail:
Share
GameStop finance head to resign March 26
NEW YORK, Feb 24 ― GameStop Chief Financial Officer Jim Bell will resign on March 26, the video game retailer said yesterday, with the departure coming weeks after big bets by individual investors t...
The Star:
Share
Jetmakers to lose orders
Planemakers Airbus and Boeing are bracing for hefty jet order cancellations from troubled Norwegian Air amid restructuring proceedings, industry sources said.
The Star:
Share
Petron Q4 earnings up 45% on improved refining margins
PETALING JAYA: Petron Malaysia Refining and Marketing Bhd’s net profit for its fourth quarter ended Dec 31,2020 rose 45% to RM42.02mil from RM28.97mil in the previous corresponding period, boosted by improved refining margins and net inventory gains from recovering oil prices in the final quarter of 2020.
More:
The Star:
Share
Revenue increase for Sunway Construction Group
PETALING JAYA: Sunway Construction Group Bhd’s (SunCon) net profit for its fourth quarter ended Dec 31,2020, stood at RM30.20mil compared with RM31.64mil in the previous corresponding period, while revenue in the fourth quarter rose to RM627.24mil from RM485.94mil a year earlier.
More:
The Star:
Share
Perak Transit to manage bus terminal
PETALING JAYA: Perak Transit Bhd (PTB), via its wholly-owned subsidiary Terminal Urus Sdn Bhd, has entered into a collaboration agreement with NSS IT Solution Sdn Bhd to manage Terminal Bas Shahab Perdana, a bus terminal in Alor Setar, Kedah.
The Star:
Share
HSBC to invest US$6bil in Asia after its profits beat estimates
LONDON: HSBC Holdings Plc will shift billions of dollars of investment from developed markets to Asia’s faster growing economies as it looks to become the go-to bank for the region’s wealthy.
The Star:
Share
Telcos to gain from 5G fast-track
Year-end rollout will reduce their investment burden
The Star:
Share
Crude to rally sooner, higher than expected
Consumption seen returning to pre-Covid levels by July
The Star:
Share
Genting Malaysia invests RM3.23bil in theme park
KUALA LUMPUR: Genting Malaysia Bhd has invested more than US$800mil (RM3.23bil) in a new theme park targeted for opening in the second quarter of this year, the casino operator said.
More:
The Star:
Share
Petronas Chemicals posts strong Q4 earnings
KUALA LUMPUR: Petronas Chemicals Bhd posted a strong set of earnings in the fourth quarter ended Dec 31,2020 with net profit of RM466mil, underpinned by a recovery in petrochemical product prices, and it expects an improvement this year
More:
The Star:
Share
Powell says economy still needs Fed support, pushes back on inflation worries
WASHINGTON: Federal Reserve Chair Jerome Powell, pushing back on suggestions that loose monetary policy risked unleashing inflation and financial risks in what may be an emerging economic boom, said the central bank would keep its attention focused on getting Americans back to work as a vaccine-related recovery proceeds.
The Star:
Share
Oil price settles mixed amid post-storm uncertainty
NEW YORK: Oil prices settled near year-long highs on Tuesday on signs that global coronavirus restrictions were being eased, although concerns about the pace of a U.S. economic recovery and the return of Texas oil production kept gains in check.
The Star:
Share
US$43 mln investment turns into a US$3.3bil windfall
NEW YORK: Veteran dealmaker Michael Klein and his partners have made a paper gain of nearly US$3.3 billion on their $43 million personal investment in the blank-check acquisition firm they are merging...
The Edge Markets:
Share
Three months to repair power cable under Penang Bridge, says TNB
GEORGE TOWN (Feb 23): Tenaga Nasional Berhad (TNB) is expected to take up to three months to repair the power cables under the Penang Bridge at KM3.2 that caught fire yesterday.
More:
The Edge Markets:
Share
Preparations underway for vaccinations in several States
KUALA LUMPUR (Feb 23): Many States have been busy making proper preparations for the first day of the National Covid-19 Immunisation Programme tomorrow, including ensuring the storage facilities are a...
The Edge Markets:
Share
Nestle, PetChem, Perak Transit, IOI Corp, Leong Hup International, Sunway...
KUALA LUMPUR (Feb 23): Based on corporate announcements and news flow today, companies in focus tomorrow (Feb 24) may include: Nestle (M) Bhd, Petronas Chemicals Group Bhd, Perak Transit Bhd, IOI Corp...
More:
Malay Mail:
Share
Fed’s Powell pledges low rates until inflation exceeds two per cent
WASHINGTON, Feb 23 — Federal Reserve Chairman Jerome Powell today pledged that the US central bank will keep benchmark lending rates low until the economy is at full employment and inflation has ris...
Malay Mail:
Share
UN: Workers’ rights under threat as online work surges five-fold
BERLIN, Feb 23 — Digital platforms have soared five-fold over the past decade, offering opportunities to some but also eroding workers’ rights, the International Labour Organization (ILO) said tod...
The Edge Markets:
Share
Manulife’s 4Q net profit jumps 71% to RM23m, proposes 7 sen dividend
KUALA LUMPUR (Feb 23): Manulife Holdings Bhd’s net profit jumped 71.4% to RM23.41 million for the fourth quarter ended Dec 31, 2020, from RM13.66 million a year ago, boosted by gains from its equity...
More:
The Edge Markets:
Share
ATA IMS’s 3Q profit surges 165% on strong order flows
KUALA LUMPUR (Feb 23): ATA IMS Bhd’s net profit surged 165.2% to RM53.31 million for the third quarter ended Dec 31, 2020 from RM20.1 million a year earlier, on strong order flows coupled with impro...
The Edge Markets:
Share
EVENING 5: Five things you need to know today
EVENING 5: Bursa open for lower spread applications Dirty dealings.
The Edge Markets:
Share
Perak Transit 4Q net profit grows 12% amid contribution from new IPTT, declares...
KUALA LUMPUR (Feb 23): Perak Transit Bhd reported net profit of RM13.19 million for the fourth quarter ended Dec 31, 2020 (4QFY20), up 12% from RM11.83 million in the previous year’s corresponding q...
The Edge Markets:
Share
Industry calls for stiffer penalties against digital piracy amid annual losses...
KUALA LUMPUR (Feb 23): The local entertainment and media industry is losing an estimated RM3 billion annually due to digital piracy, industry players said today.
The Edge Markets:
Share
Syarikat Takaful posts higher 4Q profit on savings from management expenses
KUALA LUMPUR (Feb 23): Syarikat Takaful Malaysia Keluarga Bhd’s fourth quarter net profit rose 37.34% to RM103.15 million from RM75.11 million a year earlier, mainly due to savings from management e...
More:
The Edge Markets:
Share
IOI Corp posts 66% jump in 4Q net profit amid high CPO prices
KUALA LUMPUR (Feb 23): IOI Corp Bhd posted a 66% increase in its net profit to RM355.7 million for the second quarter ended Dec 31, 2020 from RM213.5 million in the previous year’s corresponding qua...
More:
Malay Mail:
Share
Syarikat Takaful Malaysia posts RM362.42m profit for FY20
KUALA LUMPUR, Feb 23 — Syarikat Takaful Malaysia Keluarga Bhd posted a lower net profit of RM362.42 million for the financial year ended December 31, 2020 (FY20), compared to RM364.84 million in FY1...
The Star:
Share
Higher earnings for Manulife Holdings
KUALA LUMPUR: Manulife Holdings Bhd posted net profit of RM23.41mil in the fourth quarter ended Dec 31,2020 boosted by net realised gains and net fair value gains from its equity investments.
The Star:
Share
Berjaya Sports Toto posts higher 2Q net profit of RM65m
KUALA LUMPUR: Berjaya Sports Toto (M) Bhd posted net profit of RM65.06mil in the second quarter ended Dec 31,2020, an increase of 5% from RM61.94mil a year ago due to higher pre-tax profit from iH.R. Owen Plc (H.R. Owen).
The Edge Markets:
Share
Bursa to consider applications for lower public shareholding spread at 15%-20%
KUALA LUMPUR (Feb 23): Bursa Malaysia Bhd said today the exchange operator and regulator will consider listed companies' applications for lower public shareholding spreads at between 15% and 20% follo...
The Edge Markets:
Share
Berjaya Sports Toto’s 2Q net profit up 5%, pays 2.5 sen dividend
KUALA LUMPUR (Feb 23): Berjaya Sports Toto Bhd’s net profit for the second quarter ended Dec 31, 2020 rose 5.04% to RM65.06 million, from RM61.94 million a year ago, underpinned by lower prize payou...
The Edge Markets:
Share
Leong Hup 4Q net profit grew by 78% on better margins from livestock and other...
KUALA LUMPUR (Feb 23): Leong Hup International Bhd’s net profit was up by 78% to RM52.56 million in the fourth quarter ended Dec 31, 2020 (4QFY20) from RM29.53 million last year, primarily due to be...
The Edge Markets:
Share
4% dividend announced for PTPTN’s education savings scheme
KUALA LUMPUR (Feb 23): A dividend of 4% has been declared for the National Education Savings Scheme (SSPN) for 2020.
Malay Mail:
Share
Moody’s Investors Service: Global sukuk issuance to stabilise to US$190b-US$200b in 2021
KUALA LUMPUR, Feb 23 — Moody’s Investors Service expects global sukuk issuance will stabilise this year to around US$190 billion-US$200 billion (RM768 billion-RM808 billion) following record issua...
The Star:
Share
SunCon posts net profit of RM30.2mil in Q4
KUALA LUMPUR: Sunway Construction Bhd posted a net profit of RM30.2mil in the fourth quarter ended Dec 31, 2020, slightly lower than RM31.64mil in the previous corresponding quarter due to a provision made in the construction segment.
The Star:
Share
IOI records jump in 2Q net profit to RM355.7mil
KUALA LUMPUR: IOI Corp Bhd posted a 66% jump in net profit in the second quarter ended Dec 31, 2020, to RM355.7mil from RM213.5mil in the previous corresponding quarter on the back of higher contribution from the plantations segment.
The Edge Markets:
Share
Race to roll out Covid-19 vaccines puts spotlight on logistical challenges
THE global rollout of Covid-19 vaccines has brought on a slew of new logistical challenges for vaccine manufacturers and logistics providers.
The Edge Markets:
Share
Poh Kong confident of fairly solid year
GOLD prices may be tapering off from last year’s peak, but Poh Kong Holdings Bhd remains optimistic of a better performance this year on the back of resilient demand for gold jewellery and investmen...
The Edge Markets:
Share
Axiata tower unit stake sale stalls after Myanmar coup — sources
(Feb 23): Axiata Group Bhd, Malaysia’s biggest wireless carrier by revenue, has postponed talks to sell a partial stake in its tower unit edotco Group Sdn Bhd after a military coup in Myanmar trigge...
The Edge Markets:
Share
Covid-19: Malaysia reports 2,468 new cases with 14 more deaths
Covid-19: Malaysia reports 2,468 new cases with 14 more deaths
© 2017-2021 The Malaysian Pulse by Belian Tech PLT. All Rights Reserved.
Disclaimer hello@beliantech.com