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.
Kitacon Poised for Stronger 2H2025 Earnings, Says CGS — Profit Margins, Project Completions Drive Upside
Kumpulan Kitacon Bhd (KL:KITACON) is set for stronger earnings in the second half of FY2025 , with ongoing township projects nearing completion and improved profit margins paving the way for better financial performance, according to CGS International . Key Drivers of Growth Major completions ahead : Bandar Bukit Raja and Elmina township projects expected to wrap up in 2H. Strong pipeline : Tenderbook stands at RM913 million (17% industrial, 83% residential) as of June 23. New contracts : RM375 million secured YTD, including RM88 million residential deal from GuocoLand. Earnings Upside From Margin Expansion Kitacon's gross profit margin surged 15.6% in 1QFY2025 , signaling successful cost optimization. CGS sees this trend continuing and lifting future earnings as Kitacon retains more revenue as profit. Analyst Take CGS remains bullish with an “Add” rating and raises target price to RM1.43 (from previous estimate). S...