KUALA LUMPUR, Nov 5 (Bernama) -- Bursa Malaysia closed higher, buoyed by Bank Negara Malaysia’s (BNM) decision to maintain the Overnight Policy Rate (OPR) at 2.75 per cent, alongside positive cues from Wall Street. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 19.30 points, or 1.19 per cent, to 1,635.86 from Wednesday’s close of 1,616.56. The benchmark index opened 6.72 points higher at 1,623.28, and fluctuated between an intraday high of 1,642.44 and a low of 1,622.62 during the trading session. However, market breadth was negative, with losers outnumbering gainers 723 to 497, while 466 counters were unchanged, 1,075 untraded and 10 suspended. Turnover rose to 3.74 billion units valued at RM3.61 billion compared with yesterday’s 2.81 billion units valued at RM2.57 billion.
Q2FY25 Highlights Total US Revenue: +68% YoY Government: +53% YoY – boosted by a landmark 10-year, US$10bn US DoD contract consolidating 75 prior Army contracts. Commercial: +93% YoY – strong enterprise AI adoption; acceleration from +71% in Q1. Global Growth: Overseas expansion slower, but US momentum drove 8th straight quarter of accelerating revenue growth . Operating Margins: Significant improvement; sector-leading 46% guided for FY25 . Key Strategic Wins Defense AI Leadership: TITAN program – truck-mounted AI analysis platform; Palantir as prime contractor with NOC & LHX supplying hardware. Signals shift in military procurement toward software-led systems. Guidance Q3FY25: ~50% YoY revenue growth. FY2025: Revenue growth raised from 36% → 45% , with operating margin at 46%. Analyst View Strong AI & defense positioning reinforces Palantir as top-tier AI player wi...