KUALA LUMPUR, May 21 (Bernama) -- Bursa Malaysia ended at its intraday low on Thursday as investor sentiment remained cautious amid ongoing foreign outflows, although the recent weakness may present bargain-hunting opportunities in fundamentally sound blue-chip counters. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 9.33 points, or 0.54 per cent, to 1,708.36, from yesterday’s close of 1,717.69. The benchmark index, which opened 3.74 points higher at 1,721.43, hit an intraday high of 1,722.50 in early trade before losing momentum for the rest of the day. Market breadth was negative, with losers outpacing gainers 656 to 508, while 565 counters were unchanged, 989 untraded and 32 suspended. Turnover fell to 3.49 billion units worth RM3.70 billion compared with 4.15 billion units worth RM4.29 billion on Wednesday.
Quick Summary 4QFY2025 net profit plunged 64% YoY to RM30.3m Revenue fell 15.5% on lower CPO and palm kernel prices RM27.2m biological asset fair value loss hit earnings FY2025 profit down 39% , dividend trimmed sharply Earnings Hit by Price Weakness & Fair Value Loss Shares of Hap Seng Plantations Holdings Bhd remained flat despite a sharp earnings drop, as the group reported a weak fourth quarter driven by softer palm oil prices and valuation losses. 4QFY2025 Highlights Net profit: RM30.34m ( -64.3% YoY ) EPS: 3.79 sen (vs 10.63 sen last year) Revenue: RM197.3m ( -15.5% YoY ) The decline was mainly due to: Lower average selling prices (ASP) for crude palm oil (CPO) Lower sales volumes A RM27.2m loss on biological asset fair value adjustments , reversing last year’s RM24.4m gain CPO Prices Under Pressure CPO ASP: RM4,353/tonne ( -9.1% YoY ) Palm kernel ASP: RM3,483/tonne ( -1.6% YoY ) Margins narrowed as ...