KUALA LUMPUR, July 29 (Bernama) -- Bursa Malaysia rebounded to close higher on Wednesday on selective buying of defensive stocks after a volatile trading session. IPPFA Sdn Bhd director of investment strategy and country economist Mohd Sedek Jantan said consumer products and services stocks lifted the key index higher, overcoming lingering geopolitical concerns. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 3.08 points to 1,715.56 from yesterday’s close of 1,712.48. The benchmark index, which opened 1.91 points higher at 1,714.39, moved between 1,710.79 and 1,720.59 during the day’s trading. In the broader market, gainers outstripped decliners 550 to 476, while 612 counters were unchanged, 1,129 untraded, and 48 suspended. Turnover rose to 2.96 billion units valued at RM2.48 billion from 2.94 billion units valued at RM2.56 billion on Tuesday.
Gamuda Bhd (KL:GAMUDA)
- Profit Growth: 1QFY2025 net profit rose by 5.31% to RM205.39 million.
- Revenue Increase: Revenue surged 47.47% to RM4.14 billion.
- Order Book: Hit a record RM30 billion.
- Dividend: Declared a 5 sen interim dividend.
EcoWorld Development Group Bhd (KL:ECOWLD)
- Profit Leap: 4QFY2024 net profit soared to RM83.42 million (previously RM3.29 million).
- Revenue Decline: Dropped 24.4% to RM638.45 million.
- Dividend: Announced a 2 sen final dividend.
Sapura Energy Bhd (KL:SAPNRG)
- Losses: Posted a net loss of RM286.05 million in 3QFY2025 due to forex losses and higher finance costs.
- Revenue Growth: Increased by 4.4% to RM1.15 billion.
Bermaz Auto Bhd (KL:BAUTO)
- Profit Decline: 2QFY2025 net profit dropped 55% to RM40.35 million.
- Revenue Decrease: Fell 35.76% to RM646.86 million.
- Dividend: Declared a 3 sen interim dividend.
Hiap Teck Venture Bhd (KL:HIAPTEK)
- Profit Recovery: Posted a 1QFY2025 net profit of RM34.7 million (versus a net loss of RM9.43 million a year ago).
- Revenue Dip: Slightly declined by 1.4% to RM401.72 million.
Uni Wall APS Holdings Bhd (KL:UNIWALL)
- University Projects: Entered agreements for RM2.3 billion GDV university developments in Kedah.
- Revenue Share: Uni Wall to receive 85% of GDV proceeds.
GDB Holdings Bhd (KL:GDB)
- Contract Win: Secured a RM298 million logistics warehouse construction project in Klang.
Paramount Corp Bhd (KL:PARAMON)
- Acquisition: Purchased land and 93 condominium units in KL for RM145 million to replenish land bank.
Homeritz Corp Bhd (KL:HOMERIZ)
- Incident: A fire at its Muar facility affected production and inventory. Financial impact under assessment.
Dataprep Holdings Bhd (KL:DATAPRP)
- Capital Reduction: Proposed a RM100 million share capital reduction to offset accumulated losses.
- Private Placement: Plans to raise RM30.2 million via share issuance.
Kerjaya Prospek Property Bhd (KL:KPPROP)
- Redemption: To redeem RM292.07 million in redeemable convertible preference shares to meet public spread requirements.
Each of these updates represents significant developments for the respective companies and their potential impact on the Malaysian business landscape. Let me know if you'd like further details on any specific company.
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