KUALA LUMPUR, March 10 (Bernama) -- Bursa Malaysia rebounded to end higher today with the benchmark FBM KLCI reclaiming the 1,700 psychological level, supported by improved global sentiment after US President Donald Trump signalled a potential de-escalation of the Iran conflict, alongside Malaysia’s stronger Industrial Production Index (IPI) data. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) increased 27.51 points, or 1.64 per cent, to 1,701.68 from yesterday’s close of 1,674.17. The benchmark index opened 10.68 points higher at 1,684.85, its lowest point today, and hit a high of 1,703.61 in the late afternoon session. Market breadth was positive, with gainers thumping losers 929 to 382. A total of 361 counters were unchanged, 982 untraded and 19 suspended. Turnover declined to 3.60 billion units worth RM3.75 billion from yesterday’s 5.52 billion units worth RM5.87 billion.
Key Corporate Highlights
YTL Power International (KL:YTLPOWR)
YTL Power has completed its first Nvidia-powered AI data centre in Johor under its YTL AI Cloud initiative. The facility, built in partnership with Nvidia Corp, is now operational and marks a major step in positioning Malaysia as a regional AI infrastructure hub.
Mega Fortris (KL:MEGAFB)
OCBC Group and its affiliate Lion OCBC Capital Asia I Holdings have divested their entire 25.99% indirect stake in Mega Fortris Global Pte Ltd to ProWealth Management Holding Ltd, marking the entry of a new strategic investor.
CIMB Group Holdings (KL:CIMB)
CIMB successfully issued its first-ever renminbi-denominated “panda bond” in China, raising RMB 3 billion (RM1.77 billion) with a fixed coupon of 2.18% — the lowest among Asean issuers. Proceeds will fund cross-border expansion and support its China operations.
Sarawak Consolidated Industries (KL:SCIB)
SCIB received a second revised PR1MA contract worth RM172.4 million to build affordable homes in Kota Bharu, Kelantan. The increase reflects updated project scope and value-engineering improvements.
Frontken Corp (KL:FRONTKN)
Frontken reported a 30% rise in 3QFY2025 net profit to RM45.83 million, driven by higher volumes, with revenue up 12% y-o-y to RM161.87 million. The group plans a “minor” facility expansion in Taiwan by mid-2026.
Unisem (KL:UNISEM)
Unisem’s 3QFY2025 net profit fell 27.5% to RM19.38 million, weighed by foreign exchange losses and higher costsfrom its new Gopeng plant, despite a 20.3% increase in revenue to RM492.74 million. A two sen interim dividend will be paid on Jan 9, 2026.
Enproserve Group (KL:ENPRO)
Enproserve secured a two-year onshore pipeline maintenance contract from Petronas Carigali Sdn Bhd. The value will depend on work orders issued throughout the contract duration.
Country Heights Holdings (KL:CHHB)
Auditors flagged going concern risks as liabilities exceeded assets in FY2025. The company plans cost rationalisation, asset disposals, fundraising, and debt restructuring to strengthen its balance sheet.
Careplus Group (KL:CAREPLS)
Auditors issued an unqualified opinion with material uncertainty, citing heavy FY2025 losses, operating cash outflows, and accumulated deficits, raising questions about the glove maker’s financial sustainability.
NexG Bhd (KL:NEXG)
Former executive deputy chairman Tan Sri Mohd Khairul Adib Abd Rahman increased his stake by 4.31% (150.34 million shares) via Skyelimit Alliance Sdn Bhd, lifting his total shareholding to 16.96% in a direct business deal.
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