KUALA LUMPUR, July 30 (Bernama) -- Bursa Malaysia's key index closed at an intraday high today, supported by continued buying interest even as renewed geopolitical tensions and a weaker overnight lead from Wall Street following the US Federal Reserve's (Fed) decision to stand pat on interest rates weighed on broader sentiment. The Fed has decided to hold rates steady for the fifth consecutive meeting, with the Federal Funds Rate unchanged between 3.50 per cent and 3.75 per cent. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 4.84 points to 1,720.40 from yesterday’s close of 1,715.56. The benchmark index, which opened 1.14 points lower at 1,714.42, hit its lowest level of 1,710.69 in early trade before gaining momentum for the rest of the day. However, the broader market was negative with losers outpacing gainers 581 to 411, while 612 counters were unchanged, 1,173 untraded, and 87 suspended. Turnover declined to 2.49 billion units valued at RM2.25 billion from ...
Malaysia Corporate Roundup: Sime Darby’s RM3B Google Data Centre Play, Cuckoo’s Profit Dip, Chin Hin’s Exit from Vehicle Business
Sime Darby Property (SIMEPROP) is seeking up to RM3 billion in bank loans to fund a data centre project in Malaysia that will be leased to Google, Bloomberg reports. The proposed five-year loan includes a two-year extension option.
Cuckoo International (CKI) posted a 1.83% QoQ dip in 2QFY2025 net profit to RM27.35 million, hit by listing expenses and higher impairments. Revenue rose 3.5% to RM306.67 million, driven by its CUCKOO co-created segment.
Keyfield International (KEYFIELD) saw 2QFY2025 net profit fall 5.26% YoY to RM66.36 million on softer OSV demand and lower charter rates, despite booking RM25.7 million from a vessel disposal. Revenue dropped 33.7% to RM131.97 million.
I-Bhd (IBHD) more than doubled 2QFY2025 net profit to RM11.45 million, supported by stronger performance across leisure, property development, and property investment. Revenue rose 12% to RM62.3 million.
Swift Haulage (SWIFT) recorded a 19% YoY drop in 2QFY2025 net profit to RM6.75 million, pressured by higher expenses and taxes, despite a 9.2% revenue rise to RM188.75 million. Declares 0.8 sen interim dividend (payable Oct 10).
N2N Connect (N2N) reported a 41% YoY jump in 2QFY2025 net profit to RM3.19 million, aided by lower operating costs and higher associate contributions. Revenue, however, fell 19% to RM22.4 million.
Malakoff (MALAKOF) appointed former UEM Edgenta chief Syahrunizam Samsudin as group CEO effective Sept 1, replacing Anwar Syahrin Abdul Ajib.
Chin Hin Group Property (CHGP) will sell its commercial vehicle and bodyworks business for RM74 million to focus on property development, expecting a pre-tax gain of RM2.4 million.
Aemulus (AEMULUS) is acquiring the camera sensor testing business of China’s Revotronix for RM19.09 million, gaining direct access to one of the world’s largest CMOS image sensor makers.
Catcha Digital (CATCHA) will acquire a 60% stake in trade show organiser One Inte
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