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Market Daily Report: Bursa Malaysia Closes Higher On BNM’s OPR Decision, Wall Street Gains

KUALA LUMPUR, Nov 5 (Bernama) -- Bursa Malaysia closed higher, buoyed by Bank Negara Malaysia’s (BNM) decision to maintain the Overnight Policy Rate (OPR) at 2.75 per cent, alongside positive cues from Wall Street. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 19.30 points, or 1.19 per cent, to 1,635.86 from Wednesday’s close of 1,616.56. The benchmark index opened 6.72 points higher at 1,623.28, and fluctuated between an intraday high of 1,642.44 and a low of 1,622.62 during the trading session. However, market breadth was negative, with losers outnumbering gainers 723 to 497, while 466 counters were unchanged, 1,075 untraded and 10 suspended. Turnover rose to 3.74 billion units valued at RM3.61 billion compared with yesterday’s 2.81 billion units valued at RM2.57 billion.
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Key Corporate Updates from Malaysia

 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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