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TM Seen As Among Beneficiaries Of Booming It Market

KUALA LUMPUR, Nov 27 (Bernama) -- Public Investment Bank Bhd (PIVB) sees Telekom Malaysia Bhd (TM) as among beneficiaries of the booming information technology (IT) market as major cloud and internet companies would also demand greater terrestrial connectivity as well as global subsea cable networks.

Sunway's Share Price Slightly Down Despite Strong 3Q Earnings

KUALA LUMPUR, Nov 27 (Bernama) -- Demand for Sunway Bhd’s shares remained limited in early trade today despite its strong earnings growth recorded in the third quarter of financial year 2024 (3Q FY2024) earnings growth.

MAHB To Sustain Strong Passenger Growth In 2024-2025 -- Analysts

KUALA LUMPUR, Nov 27 (Bernama) -- Malaysia Airports Holdings Bhd (MAHB) is expected to sustain strong passenger traffic growth in 2024-2025, supported by rising demand from key markets such as China, India, and Southeast Asia.

KLK Shares Drop 4 Pct As Earnings Miss Estimates

KUALA LUMPUR, Nov 27 (Bernama) -- Shares of Kuala Lumpur Kepong Bhd (KLK) emerged as the top losers on Bursa Malaysia in early trade today after its latest financial results missed market expectations.

MBSB Among Top Active Counters

KUALA LUMPUR, Nov 27 (Bernama) -- Financial provider MBSB Bhd has emerged as one of the top active counters on Bursa Malaysia after a strong nine-month financial year 2024 (9M FY2024) net profit, thanks to robust non-interest income (NOII).

TH Plantations 3Q Net Profit Rises To RM21.55 Mln

KUALA LUMPUR, Nov 26 (Bernama) -- TH Plantations Bhd’s (THP) net profit for the third quarter (3Q) of 2024 rose to RM21.55 million from RM17.55 million last year.

KLK FY2024 Net Profit Declines 29.2 Pct To RM590.96 Mln

KUALA LUMPUR, Nov 26 (Bernama) -- Kuala Lumpur Kepong Bhd’s (KLK) net profit for the financial year ended Sept 30, 2024 (FY2024), declined 29.2 per cent to RM590.961million from RM834.26 million in the preceding year due to tax losses not recognised and exceptional losses.

Leong Hup's 3Q Net Profit Rises To RM135.02 Mln, Declares 1.45 Sen Dividend

KUALA LUMPUR, Nov 26 (Bernama) --Leong Hup International Bhd’s net profit rose to RM135.02 million in the third quarter ended Sept 30, 2024 (3Q 2024) from RM132.96 million in the same period last year on stronger performance in the Philippines and Vietnam.

Malayan Cement's Net Profit Rises To RM139.44 Mln In 1Q FY2025

KUALA LUMPUR, Nov 26 (Bernama) -- Malayan Cement Bhd reported a higher net profit for the first quarter ended Sept 30, 2024 (1Q FY2025), increasing to RM139.44 million, compared to RM96.10 million in the same period in 2023.

Bursa Malaysia Bucks Regional Trend To End Higher, Blue Chips Keep CI Above 1,600

KUALA LUMPUR, Nov 26 (Bernama) -- Bursa Malaysia bucked the mostly weaker regional market trend at the close today, with a stellar performance by heavyweights supporting the key index to stay above the psychologically 1,600 level.

ASEAN-BAC Malaysia Aims To Strengthen Regional Economic Ties As Malaysia Assumes ASEAN Chairmanship

KUALA LUMPUR, Nov 26 (Bernama) -- The ASEAN Business Advisory Council (ASEAN-BAC) Malaysia is committed to fostering closer economic ties within the region as it prepares to assume the chairmanship next year. 

Inaugural WIC Highlights Saudi’s Leadership In Global Investment Opportunities

KUALA LUMPUR, Nov 26 (Bernama) -- The 28th World Investment Conference (WIC) was officially launched today in Riyadh by Invest Saudi and the World Association of Investment Promotion Agencies (WAIPA).