Netflix shares fell more than 8% in after-hours trading , as a disappointing second-quarter outlook and leadership changes outweighed otherwise solid first-quarter results. Weak Guidance Sparks Sell-Off Netflix forecast Q2 earnings of US$0.78 per share , below analyst expectations of US$0.84 , while revenue is projected at US$12.57 billion , missing the US$12.64 billion consensus . The weaker guidance raised concerns over near-term growth momentum , triggering a sharp negative market reaction. Strong Q1 Performance Fails to Impress For the first quarter: Revenue rose 16% YoY to US$12.25 billion (above estimates) Earnings surged 86% to US$1.23 per share However, earnings were boosted by a US$2.8 billion one-off termination fee , reducing the quality of underlying growth. Operating margin improved to 32.3% , but still came in below expectations (32.4%) , further dampening sentiment. Rising Costs and Strategic Sh...
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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