KUALA LUMPUR, Jan 7 (Bernama) -- The FTSE Bursa Malaysia KLCI (FBM KLCI) recovered from yesterday’s losses to close higher Tuesday, driven by bargain-hunting amidst the positive momentum on Wall Street overnight and most regional markets. At 5 pm, the market bellwether increased 4.32 points or 0.26 per cent to 1,629.79 compared with Monday’s close of 1,625.47. The index opened 0.97 of-a-point lower at 1,624.50 and moved between 1,624.50 and 1,634.27 throughout the day. However, the broader market was negative with losers outpacing gainers 614 to 490, while 537 counters were unchanged, 712 untraded and 10 others suspended. Turnover improved to 3.91 billion units valued at RM3.29 billion against Monday’s 3.47 billion units valued at RM2.66 billion. UOB Kay Hian Wealth Advisors head of investment research Mohd Sedek Jantan said optimism in the...
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.
Comments
Post a Comment