Skip to main content

Featured Post

TSMC Posts 54% Profit Surge in 3Q, Boosted by AI Chip Demand and Optimistic on Future Growth

Taiwan Semiconductor Manufacturing Co (TSMC) , the world’s largest contract chipmaker, reported a 54% jump in quarterly profit , surpassing forecasts, thanks to soaring demand for AI-related chips . This robust performance underscores TSMC’s dominance in producing advanced chips for AI applications, with key customers like Apple and Nvidia . TSMC's net profit for 3Q2024 reached T$325.3 billion (US$10.11 billion) , exceeding the T$300.2 billion forecasted by analysts. The company's revenue rose 36% year-on-year to US$23.5 billion , driven by strong demand for smartphone and AI chips utilizing its cutting-edge 3nm and 5nm technologies . The AI boom has been a major growth driver, with AI processors expected to account for a mid-teens percentage of TSMC's overall revenue for 2024. TSMC's capital spending for the current quarter is set to more than double to US$11.5 billion , and it expects capital expenditure to increase further in 2025 as demand remains robust. Chai
Post a Comment

Key Corporate Updates from Malaysia

  • Cypark Resources Bhd (KL): Cypark has formed a consortium with Jakel Capital Sdn Bhd and Melaka Corporation to explore energy solutions for the 186ha German Technology Park in Melaka. The estimated project cost is RM4 billion, with Jakel Capital holding a controlling 51% stake. This partnership is aimed at powering up the park with renewable energy.

  • Malayan Flour Mills Bhd (KL): The company announced that there will be no second earnout payment from Tyson Foods Inc related to its 49% equity disposal in Dindings Tyson Group. This reduces the total consideration for the sale to RM289.916 million from the initially expected RM420 million.

  • PLB Engineering Bhd (KL): PLB has proposed the sale of its 60% stake in a solar energy firm, PLB Green Solar Sdn Bhd, for RM19.8 million. The proceeds will help the company repay bank borrowings, and the sale is expected to generate a profit of RM10.76 million.

  • Infomina Bhd (KL): Infomina reported a 10.25% increase in net profit for 1QFY2025 to RM8.01 million, despite a 17.84% drop in revenue. The higher gross profit margin contributed to the increased profitability, and no dividend was declared for the quarter.

  • Eurospan Holdings Bhd (KL): Eurospan posted a fivefold surge in 1QFY2025 net profit, reaching RM23.34 million, driven by gains from property and investment disposals. However, the company expects challenging times ahead for FY2025. A dividend of 20 sen per share was declared for the quarter.

  • Yinson Holdings Bhd (KL): Yinson appointed Lim Poh Seong as an independent non-executive director. Lim holds similar positions in other companies like Hup Seng Industries Bhd, Samaiden Group Bhd, and Farm Price Holdings Bhd.

  • Perdana Petroleum Bhd (KL): Perdana secured a RM7.3 million contract to charter an anchor handling tug and supply (AHTS) vessel. The vessel will assist in offshore operations, including supporting drilling rigs and offshore installations in Sarawak.

    • Labels:

    Comments

    Post a Comment

    Popular posts from this blog

    INTC Share Watch and News

    Stock Info Market Monitor Company Profile Intel Corporation designs, manufactures, and sells integrated circuits for computing and communications industries worldwide. It offers microprocessor products used in notebooks, netbooks, desktops, servers, workstations, storage products, embedded applications, communications products, consumer electronics devices, and handhelds. The company also offers system on chip products that integrate its core processing functionalities with other system components, such as graphics, audio, and video, onto a single chip. It also provides chipset products that send data between the microprocessor and input, display, and storage devices, such as keyboard, mouse, monitor, hard drive, and CD or DVD drives; motherboards that has connectors for attaching devices to the bus, and products designed for desktop, server, and workstation platforms; and wired and wireless connectivity products, including network adapters and embedded wireless cards used to translat
    1 comment
    Read more

    Rate Cuts Set to Boost Capital Inflows into Malaysian Property Sector

      RHB Research has reiterated its "overweight" rating on the Malaysian property sector , anticipating significant capital inflows and increased buying interest as global interest rates begin to decline. Institutional investors, property buyers, and developers are expected to ramp up capital deployment, supported by the US Federal Reserve's recent rate cuts , which signal the start of a more accommodative monetary environment. The US Fed reduced interest rates by half a percentage point this week, marking an aggressive move to ease monetary conditions. RHB predicts Malaysia, particularly in high-growth areas , will remain an attractive market for both local and foreign property investors. The stabilizing ringgit and favorable interest rates further enhance Malaysia's position as a prime destination, especially for data centre (DC) investments and real estate transactions. "Malaysia's strategic location as a hub for data centre investments should contin
    Post a Comment
    Read more

    A Trader’s Guide to Navigating Malaysia's Budget 2025

    Malaysia’s consumer and construction stocks are poised to benefit from Budget 2025 , as Prime Minister Datuk Seri Anwar Ibrahim is expected to introduce measures aimed at lowering the cost of living and unveiling infrastructure projects . As both Prime Minister and Finance Minister, Anwar will likely announce targeted cash transfers , civil servant salary hikes , and potential revisions to the minimum wage to boost disposable incomes, supporting retailers like AEON Co and Padini Holdings . In the construction sector, analysts expect the budget to include new projects such as the Mass Rapid Transit Line 3 and Pan Borneo Highway , with companies like Gamuda , Sunway Construction , and IJM Corp set to benefit. There could also be updates on the Johor-Singapore High-Speed Rail and cross-border economic zones, reigniting interest in the sector. The government’s commitment to growing semiconductor industries may lead to support measures for data center developers like YTL Power Int
    Post a Comment
    Read more