Bursa Malaysia Opens Higher, Tracking Wall Street’s Recovery
KUALA LUMPUR, March 13 (Bernama) -- Bursa Malaysia rebounded at Thursday’s open, tracking Wall Street’s gains after days of selling.
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Majority Of Local Banks Hold Above-Average ESG Ratings
KUALA LUMPUR, March 10 (Bernama) -- Majority of Malaysian banks have environmental, social and corporate governance (ESG) ratings that surpass average benchmarks, aligning well with international standards and rivaling those of Singapore banks, said CIMB Securities Sdn Bhd.
Malaysian Banks To See Moderate Profit Growth In 2025 On Steady Loan Expansion -- RAM Ratings
KUALA LUMPUR, March 7 (Bernama) -- Malaysian banks will likely see moderate profit growth this year, underpinned by steady loan expansion and still-benign loan provisioning expenses.
OPR Decision Expected, Current Policy Stance Supports Economic Growth - MIDF, RHB IB
KUALA LUMPUR, March 6 (Bernama) -- Bank Negara Malaysia’s (BNM) decision to maintain the overnight policy rate (OPR) at 3.00 per cent during the March 2025 monetary policy meeting is broadly expected, emphasising the current conducive policy stance to sustain economic growth.
Malaysia-Arm Deal To Drive Semiconductor Growth
KUALA LUMPUR, March 6 (Bernama) -- Malaysia's partnership with United Kingdom-based Arm Holdings Plc (ARM) will help to elevate Malaysia into a high-value economy, igniting the front-end semiconductor ecosystem while fostering growth of local semiconductor firms over the long term.
Banking Sector Remains Bullish; Dividend Expected At 5.0-6.0 Pct
KUALA LUMPUR, March 3 (Bernama) -- The Malaysian banking sector remains bullish as it provides a good shelter from Trump 2.0, said Hong Leong Investment Bank Bhd (HLIB).
RHB Bank Eyes Strong FY2025, Banking On Up To 7 Pct Loan Growth
KUALA LUMPUR, Feb 27 (Bernama) -- RHB Bank Bhd expects its stellar financial year of 2024 (FY2024) performance to continue into FY2025, banking on the positive loan growth of between six to seven per cent, said managing director and chief executive officer Datuk Mohd Rashid Mohamad.
RHB Bank's Net Profit Surges To RM3.12 Bln In FY2024
KUALA LUMPUR, Feb 27 (Bernama) -- RHB Bank Bhd’s net profit increased to RM3.12 billion in the financial year ended Dec 31, 2024 (FY2024) from RM2.81 billion in FY2023, driven by strong total income growth.
Analysts Revise Sunway's FY2025-2026 Earnings Forecast Upward On Positive Outlook
KUALA LUMPUR, Feb 27 (Bernama) -- Analysts have revised their earnings forecast for Sunway Bhd for the financial year 2025-2026 (FY2025-FY2026) upward, maintaining their ‘buy’ and ‘underperform’ calls on the company.
Axis-REIT To Dispose Of The Annex For RM24.2 Mln, Net Gains To Be Distributed To Unitholders
KUALA LUMPUR, Feb 26 (Bernama) -- Axis Real Estate Investment Trust (Axis-REIT) is disposing of The Annex in Petaling Jaya for RM24.2 million, with net gains from the transaction to be distributed to unitholders.
Analysts Upbeat On MISC Cite Strong Cash Flow
KUALA LUMPUR, Feb 24 (Bernama) -- RHB Investment Bank Bhd (RHB IB) is positive on MISC Bhd, citing its steady operating cash flow and solid balance sheet, which position it well to pursue growth opportunities in the floating production storage and offloading (FPSO) market.
LBS Bina Shares Lower In Early Trade Despite Higher FY2024 Net Profit
KUALA LUMPUR, Feb 21 (Bernama) -- LBS Bina Group Bhd’s shares on Bursa Malaysia were lower in the early session, despite recording a higher net profit for the financial year ended Dec 31, 2024 (FY2024).