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China’s AI Boom Is Starting To Show Up In Inflation Data

China’s latest inflation data reveals a clear shift beneath the surface,  the AI-driven industrial cycle is now feeding into price pressures , even as consumer demand remains subdued. Key Takeaway China's producer prices rose at the fastest pace in nearly four years, driven by stronger demand for AI-related electronics, computing infrastructure and industrial metals. However, soft consumer inflation suggests domestic demand remains weak, highlighting a growing divergence between industrial activity and consumer spending. AI Demand Is Driving Factory Inflation Producer prices (PPI) rose  3.9% YoY Strong demand from: AI infrastructure buildout Electronics and semiconductors Industrial metals like copper and aluminium The global AI spending wave,  especially data centre expansion is now directly influencing China’s upstream pricing power. Consumer Demand Still Lagging CPI grew only  1.2% YoY , below expectations Core inflation softened to  1.1% Weak consumption rem...
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Key Corporate Updates from Malaysia

 

Here is a brief summary of the latest business news and corporate announcements involving several Malaysian companies:

  1. YTL Corp Bhd (KL): Reported a 2.5% decline in net profit for 4QFY2024 to RM534.48 million. Revenue fell by 10.2% due to reduced construction activity and lower cement sales. YTL declared a 4.5 sen interim dividend.

  2. Malayan Cement Bhd (KL): Saw a 38.5% increase in net profit to RM110.18 million, with revenue rising 3.1% to RM1.04 billion. The company declared a six sen interim dividend.

  3. Maxis Bhd (KL): Reported a 7.88% rise in 2QFY2024 net profit to RM356 million, driven by higher consumer service revenue. Declared a four sen dividend.

  4. Cape EMS Bhd (KL): Net profit fell 42.6% in 2QFY2024 to RM8.7 million, impacted by higher costs and lower margins. No dividend declared.

  5. TMC Life Sciences Bhd (KL): Reported a 92.3% drop in 4QFY2024 net profit to RM1.02 million due to reduced patient volume and case intensity. Proposed dividends totaling over 2.2 sen per share.

  6. YTL Power International Bhd (KL): Net profit for 4QFY2024 declined by 5.6% to RM1.07 billion, with revenue down 10.5%. Declared a four sen interim dividend.

  7. SD Guthrie Bhd (KL): Posted a 9% increase in 2QFY2024 net profit to RM415 million, supported by higher prices and improved margins. Declared a 4.65 sen dividend.

  8. Powerwell Holdings Bhd (KL): Secured a RM14.75 million contract to supply electrical low-voltage switchboards for a data center in Malaysia.

  9. LPI Capital Bhd (KL): Reported a 23% increase in 2QFY2024 net profit to RM78 million, driven by higher earnings from its general insurance segment. Declared a 30 sen dividend.

  10. Pos Malaysia Bhd (KL): Recorded a wider net loss of RM55.92 million for 2QFY2024, impacted by lower revenue in postal and logistics segments. No dividend declared.

  11. Dutch Lady Milk Industries Bhd (KL): Net profit for 2QFY2024 fell 9.1% to RM22.04 million, impacted by asset depreciation and transition costs. No dividend declared.

  12. Amway (Malaysia) Holdings Bhd (KL): Reported a 38.3% increase in 2QFY2024 net profit to RM24.55 million despite lower sales. Declared a five sen dividend.

  13. Apex Healthcare Bhd (KL): Saw a 92.82% decline in 2QFY2024 net profit to RM23.64 million due to lower earnings from an associate. Declared a three sen dividend.

  14. Thong Guan Industries Bhd (KL): Net profit for 2QFY2024 dropped slightly by 3.2% to RM20.9 million. Declared a 2.5 sen dividend.

  15. Ranhill Utilities Bhd (KL): Founder Tan Sri Hamdan Mohamad resigned as CEO. No successors announced yet.

  16. Deleum Bhd (KL): Reported a 130% increase in 2QFY2024 net profit to RM22.4 million, driven by strong segment performances. Declared a four sen dividend.

  17. Pharmaniaga Bhd (KL): Net profit for 2QFY2024 rose 42.6% to RM2.79 million due to tax refunds and lower operating costs. No dividend declared.

  18. JcbNext Bhd (KL): Reduced its stake in Taiwan-listed 104 Corp, selling shares for RM18.37 million, resulting in a net gain.

  19. Tuju Setia Bhd (KL): Secured a RM247.95 million contract from Sime Darby Property to build Hype Residences in Subang Jaya.

  20. Glomac Bhd (KL): Plans to raise up to RM3 billion via a sukuk wakalah programme for financing various projects.

  21. Tenaga Nasional Bhd (TNB): Exploring expansion of its renewable energy portfolio with potential hydroelectric projects in Kelantan and Pahang.

These updates highlight a mix of financial performances, strategic shifts, and new developments across these companies.

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