KUALA LUMPUR, Sept 28 (Bernama) -- Bursa Malaysia ended marginally lower on Monday amid selling activity as the market lacked fresh catalysts to spur investors’ buying interest, an analyst said. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 1.60 points, or 0.09 per cent, to 1,670.02, from Friday’s close of 1,671.62. The benchmark index, which opened 0.93 of-a-point higher at 1,672.55, moved between 1,668.61 and 1,674.11 throughout the trading session. Market breadth was negative as losers surpassed gainers 748 to 388, while 517 counters were unchanged, 1,271 untraded and 91 suspended. Turnover slipped to 3.11 billion units worth RM2.40 billion from 4.07 billion units valued at RM2.69 billion on Friday.
Corporate Highlights: Earnings, Dividends, and Key Developments Across Sectors
Tenaga Nasional Bhd (TNB):
Net profit surged 85% in 3QFY2024 to RM1.58 billion, driven by RM1.12 billion forex gains. Quarterly revenue rose 6.6% to RM14.35 billion on higher electricity sales.
CIMB Group:
3QFY2024 net profit increased nearly 10% to RM2.03 billion, bolstered by growth in net interest income (1.8%) and non-interest income (28%).
Alliance Bank:
Net profit edged up 2.5% to RM189.91 million in 2QFY2025, while revenue hit a record RM605.65 million, up 14.7% year-on-year. Declared a 9.50 sen interim dividend.
Hong Leong Financial Group (HLFG):
Net profit rose 14% to RM847.67 million in 1QFY2025, while subsidiary Hong Leong Bank reported a 5.8% increase in net profit to RM1.09 billion.
Axiata Group:
Returned to profitability in 3QFY2024 with a net profit of RM976.67 million, aided by RM1.03 billion forex gains despite a 5.3% revenue decline.
IHH Healthcare:
Reported a flat net profit of RM534 million for 3QFY2024. Adjustments for the Turkish lira’s inflation impact accounted for a 43% jump in core profit.
Sime Darby:
Net profit rose 36% to RM800 million in 1QFY2025, driven by UMW earnings and a gain from land disposal. Revenue grew 31% to RM18.26 billion.
Genting:
3QFY2024 net profit fell 57% to RM223.8 million, impacted by higher write-offs. In contrast, Genting Malaysia (GENM) recorded a six-year high profit of RM569.16 million, aided by forex gains.
PPB Group:
Net profit dropped 44% to RM208.12 million in 3QFY2024, impacted by lower contributions from associate Wilmar International and reduced core business profits.
Capital A:
Posted a record-high net profit of RM1.64 billion in 3QFY2024, driven by RM2.27 billion forex gains. Revenue grew 16.6% to RM4.93 billion.
Berjaya Corp:
Reported a net loss of RM167.85 million in 1QFY2025, dragged by struggles in retail and services businesses. Revenue fell 13.3% to RM2.23 billion.
Supermax:
Extended its losing streak to seven quarters, posting a net loss of RM64.6 million in 1QFY2025. Revenue rose 26% but was offset by higher expenses and forex losses.
Farm Fresh:
Net profit more than doubled to RM26.18 million in 2QFY2025 due to lower raw material costs and higher sales. Declared a 1 sen interim dividend.
Chin Teck:
Announced a 15 sen dividend for FY2025, including a 7 sen special dividend, reflecting strong cash reserves.
Icon Offshore:
Net profit tripled to RM19.43 million in 3QFY2024, aided by higher charter rates despite lower utilization. Proposed renaming to Lianson Fleet Group.
Globetronics:
Partnering with Canada’s POET Technologies to manufacture optical engines for data centers and telecommunications, leveraging advanced semiconductor technology.
These developments underline significant earnings shifts, strategic partnerships, and key challenges across diverse sectors in Malaysia’s corporate landscape.
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