Skip to main content

Posts

Showing posts with the label KLK

Featured Post

Market Daily Report: Bursa Malaysia Ends Nearly Flat As Construction Stocks Attract Buying

 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 Morning Wrap: Maybank Posts Profit Growth Amid Mixed Sector Results

Here’s a summary of key updates in Malaysia’s financial markets today: Top Highlights Maybank (1155.MY) : Reported a  7.6% increase  in  3Q2024 net profit  to  RM2.54 billion , driven by higher  non-interest income  despite a decline in  net interest income . The bank aims for a  11% ROE  for FY2024. Sunway (5211.MY) :  Net profit doubled  to  RM376.08 million  in 3Q2024, with a  31.8% increase  in revenue to  RM2.03 billion . IOI Corp (1961.MY) :  1Q2025 net profit surged 133.8%  to  RM710.7 million , boosted by  forex gains  and  biological asset adjustments . KLK (2445.MY) :  4Q2024 net profit dropped 94.18%  to  RM6.77 million , impacted by  inventory write-downs  and  investment losses  in Synthomer Plc. Airports (5014.MY) :  3Q2024 net profit more than doubled  to  RM210.37 million , driven by increased  passenger...