KUALA LUMPUR, Sept 8 (Bernama) -- Bursa Malaysia closed almost flat on Tuesday as buying interest rotated away from index heavyweights towards smaller-cap construction stocks, with sentiment affected by geopolitical uncertainty, said an analyst. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 0.39 of a point to 1,714.40 from Monday’s close of 1,714.79. The benchmark index opened 1.65 points lower at 1,713.14 and moved between 1,710.44 and 1,714.50 throughout the trading session. The broader market was almost evenly balanced, with decliners leading gainers 548 to 546, while 598 counters were unchanged, 1,107 were untraded and 25 were suspended. Turnover expanded to 4.13 billion units valued at RM3.14 billion from 3.60 billion units valued at RM2.45 billion on Monday.
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 ...