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Market Daily Report: Bursa Malaysia Ends Higher On Blue-Chip Buying, Tracks Most Regional Markets

KUALA LUMPUR, July 31 (Bernama) -- Bursa Malaysia ended higher on Friday as investors continued to accumulate blue-chip stocks in line with stronger performances across most regional markets. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 4.50 points to 1,724.90 from yesterday’s close of 1,720.40. The benchmark index opened 0.83 of a point higher at 1,721.23, and moved between 1,715.67 and 1,730.12 throughout the day. The broader market was positive with gainers outpacing losers 707 to 402, while 547 counters were unchanged, 1,085 untraded and 56 suspended. Turnover expanded to 3.03 billion units valued at RM3.56 billion from 2.49 billion units valued at RM2.25 billion on Thursday.
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UOA Development 2QFY2025 Earnings

  Headline Numbers Net Profit :  RM91.71m  (+50% YoY) EPS :  3.5 sen Revenue :  RM130.16m  (+31% YoY) 1H2025 Net Profit :  RM165.66m  (+50% YoY) 1H2025 Revenue :  RM282.27m  (+67% YoY) Key Drivers Progressive billings  from 4 projects: Bamboo Hills Residences Aster Hill Laurel Residence Medical centre in Bangsar South New property sales : RM413m (mainly from Bamboo Hills, Laurel, Aster Hill & Duo Tower) Unbilled sales : ~RM888m (strong earnings visibility ahead). Other Highlights No dividend  declared this quarter. Stock performance : +2 sen to  RM1.77  at midday (market cap:  RM4.7b ). Takeaway UOA Development continues to post strong double-digit growth, underpinned by  healthy new sales and RM888m unbilled sales  ensuring forward revenue visibility. The group is leveraging  prime projects in Bangsar South & city fringe locations  to sustain momentum.
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Haidilao Shares Slump on Sales Decline and Weak Consumer Sentiment

Haidilao International Holding Ltd (6862.HK)  shares fell as much as  6.5% in Hong Kong , the sharpest intraday drop since April, after China’s largest hotpot chain reported a second straight half-year revenue decline. Earnings Snapshot Revenue : ¥20.7B (▼3.7% YoY), in line with consensus. Net Income : ¥1.76B (▼14% YoY). Store Count : Self-operated restaurants fell to  1,322  from 1,343 a year earlier as the group continued to shut underperforming outlets. Table Turnover : Dropped  9.5% YoY , underscoring demand pressure. Key Headwinds Weak Macro & Frugal Consumers : Slowing economic growth in China is weighing on discretionary spending, particularly at premium chains like Haidilao. Price War in Food Delivery : Intense promotions — ¥1 drinks, free delivery, flash discounts — are pulling traffic away from dine-in restaurants. Competition in Catering : Increased rivalry across China’s F&B sector continues to erode Haidilao’s traffic base. Street Commentary...
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Canada Orders TikTok Canada Shutdown Citing National Security Risks

  Canada has ordered ByteDance Ltd to close TikTok Technology Canada Inc due to national security concerns, though Canadians can still access the TikTok app. The decision, based on a review from Canada’s security and intelligence agencies, follows previous bans on TikTok from government devices in Canada, the US, and the European Union. University of Ottawa law professor Michael Geist called the move “curious,” noting that shutting down the company instead of the app could weaken oversight and accountability while keeping the security risks associated with the app in place. The issue echoes past efforts in the US, where in 2020, then-President Donald Trump attempted a TikTok ban, later supporting it in 2024 as necessary for market competition. TikTok Canada did not respond to requests for comment.
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