Malaysia’s benchmark index retreated as profit-taking in key heavyweights weighed on sentiment, while overall market activity remained active. Summary FBM KLCI fell 0.83% to 1,684.93 , dragged by losses in banking and selected large-cap names, despite steady trading participation. Market Performance FBM KLCI : 1,684.93 (-0.83%) FBM Mid 70: -0.00% (flat) FBM Small Cap: -0.23% FBM ACE: +0.20% Broad market was mixed , with weakness concentrated in large caps. Market Breadth & Trading Activity Total volume: 3.54 billion shares Total value: RM4.19 billion Gainers: 456 Losers: 678 Unchanged: 550 Market breadth turned negative , reflecting cautious sentiment. Top Movers – KLCI Gainers Axiata (6888.MY) +1.54% Petronas Gas (6033.MY) +1.18% Sunway (5211.MY) +1.15% Losers Hong Leong Bank (5819.MY) -3.29% Maybank (1155.MY) -3.02% CIMB (1023.MY) -2.47% Banking sector weakness was the main ...
Strong Q4 Performance Boosts AMC Stock
- AMC Entertainment (AMC.US) shares rose 1.4% in extended trading after reporting better-than-expected Q4 revenue of $1.306 billion, up from $1.104 billion YOY, beating analyst expectations of $1.291 billion.
- Fourth-quarter admissions revenue reached $721.4 million, surpassing the expected $719 million.
- Food & beverage sales climbed to $446.2 million, exceeding projections of $437 million.
Earnings and Outlook
- AMC’s Q4 net loss narrowed to $135.6 million (35 cents per share) from $182 million (83 cents per share) YOY.
- Adjusted loss per share was 18 cents, in line with analyst expectations.
- 62 million moviegoers visited AMC theaters, marking a post-pandemic record and a 20% YOY increase.
- CEO Adam Aron expects 2025 to be a strong year, driven by major releases like "Wicked Part 2," "Zootopia 2," and the next "Avatar" film.
CEO Claps Back at Critics
- Aron addressed misinformation on social media, calling out "crackpot conspiracy theorists" spreading false claims about AMC.
- He reassured investors of his alignment with shareholders, revealing he hasn't sold AMC shares in three years and now owns 975,000 shares.
- AMC will not issue additional stock in 2025 unless approved by shareholders.
Stock Performance
- AMC closed at $3.27 on Tuesday, far below its $393.63 peak during the meme-stock frenzy.
- Shares have fallen 32% in the past year, while the S&P 500 gained 17.3%.
Summary:
- AMC’s revenue exceeded expectations, driven by a stronger box office.
- CEO Adam Aron remains bullish on the company’s future despite past struggles.
- Social media controversies persist, but Aron dismisses misinformation and affirms shareholder alignment.
- No further stock sales in 2025 without shareholder approval.
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