Ambank Foresees Slightly Slower 3Q GDP Growth At 5.1 Pct

KUALA LUMPUR, Nov 11 (Bernama) -- AmBank Group foresees a slightly slower year-on-year (y-o-y)  gross domestic product (GDP) growth of 5.1 per cent for Malaysia in the third quarter of 2024 (3Q2024), down from the official advance estimate of 5.3 per cent.

CIMB Securities Projects Stronger Throughput Growth For Westports In 2025 On Transhipment Recovery

KUALA LUMPUR, Nov 11 (Bernama) -- CIMB Securities Sdn Bhd expects stronger throughput volume growth in 2025 for Westports Holdings Bhd driven by a recovery in transhipment volumes and sustained gateway cargo volumes.

DOSM: Malaysia's Construction Sector Continues Positive Growth, Up 22.9 Pct To RM41.1 Bln In 3Q

KUALA LUMPUR, Nov 11 (Bernama) -- The construction sector sustains its momentum with positive growth of 22.9 per cent, reaching RM41.1 billion in the third quarter of 2024 (3Q 2024) compared to a 20.2 per cent increase, amounting to RM38.9 billion in the 2Q 2024.

Alliance Bank Expected To Continue Robust Loan Growth, Stable NIMs In 2Q FY2025 - Maybank IB

KUALA LUMPUR, Nov 11 (Bernama) -- Alliance Bank Malaysia Bhd is expected to continue its robust loan growth and stable net interest margin (NIMs) in the second quarter of financial year 2025 (2Q FY2025), said Maybank Investment Bank Bhd (Maybank IB).

99 Speed Mart's 3Q Net Profit Falls To RM107.16 Mln

KUALA LUMPUR, Nov 8 (Bernama) --  99 Speed Mart Retail Holdings Bhd’s net profit for the third quarter ended Sept 30, 2024 (3Q 2024) fell to RM107.16 million from RM111.05 million in 3Q 2023.

Maxis 3Q Net Profit Rises 27.5 Pct To RM366 Mln, Declares 4 Sen Dividend

KUALA LUMPUR, Nov 8 (Bernama) -- Maxis Bhd’s net profit surged 27.5 per cent to RM366 million for the third quarter ended Sept 30, 2024 (3Q 2024) from RM287 million in the same period last year, driven by both higher service revenue as well as prudent cost management.

Sunway Malls Projects 5 Pct Growth For 2024

KUALA LUMPUR, Nov 7 (Bernama) -- Malaysia’s largest mall owner-operator Sunway Malls expects to garner five per cent growth this year, driven by a strong performance in the first half of 2024 and the re-opening of an asset enhancement initiative, Oasis, in Sunway Pyramid.

Services Sector Revenue Hits RM618.5 Bln In 3Q, up 5.9 Pct YOY - DOSM

KUALA LUMPUR, Nov 7 (Bernama) -- Services sector revenue in Malaysia grew by 5.9 per cent year-on-year (y-o-y) in the third quarter of 2024 (3Q 2024), reaching RM618.5 billion, according to the Department of Statistics Malaysia (DOSM). 

Lotte Chemical Titan Posts Higher Net Loss Of RM246.42 Mln In 3Q

KUALA LUMPUR, Nov 6 (Bernama) -- Lotte Chemical Titan Holding Bhd (LCT) posted a wider net loss of RM246.42 million during the third quarter ended Sept 30, 2024 (3Q 2024), as compared to a net loss of RM55.58 million in the same quarter last year.

Malaysia's Services Producer Price Index Up 0.3 Pct In 3Q - DOSM

KUALA LUMPUR, Nov 6 (Bernama) -- Malaysia’s Services Producer Price Index increased marginally by 0.3 per cent to 115.8 in the third quarter of 2024 (3Q 2024), compared to a 0.7 per cent increase in 2Q 204, said the Department of Statistics Malaysia (DOSM).

Ringgit Stays Strong, Up 5.03 Pct Versus US Dollar As At Nov 4 - Amir Hamzah

KUALA LUMPUR, Nov 5 (Bernama) -- The ringgit’s value is still strong amid recent market developments and adjustments, with the local note rising by 5.03 per cent against the US dollar as at Nov 4, 2024.

Plantation Rally, FOMC Rate Cut To Balance Volatility Ahead Of US Election Results 

By Nurul Jannah Kamaruddin

KUALA LUMPUR, Nov 2 (Bernama) -- Expectations of continued interest in plantation stocks amid rising crude palm oil price and the US Federal Reserve (Fed) rate cut are set to counterbalance potential election-related fluctuations, stabilising Bursa Malaysia’s performance next week.