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Hibiscus Shares Rise After PSC, Gas Sales Agreement Extensions

KUALA LUMPUR, April 10 (Bernama) -- Hibiscus Petroleum Bhd’s share price rose in early trade today following the announcement that the Petroleum Malaysia Field Three (PM3) commercial arrangement area production sharing contract (PM3 CAA PSC) and upstream gas sales agreement (UGSA) will continue.

Petronas Gas Shares Down 1.30 Pct On Pipeline Fire Incident

KUALA LUMPUR, April 2 (Bernama) -- The share price of Petronas Gas Bhd (PGB) fell by 1.30 per cent in early trade today after the massive gas pipeline fire yesterday in Putra Heights, Selangor, which caused widespread damage and prompted an emergency evacuation of residents in the affected area.

AmBank Earnings To Stay Strong, Dividend Payout May Exceed 40 Pct - PIVB

KUALA LUMPUR, March 27 (Bernama) -- AMMB Holdings Bhd (AmBank Group) is expected to sustain strong earnings growth quarter-on-quarter, driven by robust loan expansion and lower operating expenses following the absence of a bonus provision, Public Investment Bank Bhd (PIVB) said.

Alliance Bank On Right Track Scaling Up Operations

KUALA LUMPUR, March 24 (Bernama) -- Alliance Bank Malaysia Bhd (ABMB) is on the right track to scale up operations following its proposal to undertake a rights issue to raise RM600 million to boost its diminishing common equity tier-1 (CET-1) of 12.4 per cent by +1.1 percentage points (ppts), CIMB Securities Sdn Bhd.

Weaker Sales Seen For Malaysian Auto Sector In 2025

KUALA LUMPUR, March 21 (Bernama) -- The Malaysian automotive sector is expected to see weaker sales in 2025.

PCG’s Olefins And Derivatives Segment To Stay Under Pressure In 1Q 2025 - CIMB

KUALA LUMPUR, March 21 (Bernama) -- Petronas Chemicals Group Bhd's (PCG) olefins and derivatives (O&D) segment is expected to remain under pressure in the first quarter (1Q) of 2025, with plant utilisation projected to hover around 70 per cent, excluding the Pengerang Petrochemicals Complex (PPC), CIMB Securities Sdn Bhd said.

Investment Banks Positive On Top Glove Amid Expected Sales Growth As Inventory Depletes

KUALA LUMPUR, March 21 (Bernama) -- RHB Investment Bank Bhd (RHB IB) has upgraded Top Glove Corporation Bhd to a ‘buy’ call from a ‘sell’ call, citing potential improvements in sales volumes by June, the fourth quarter of the financial year 2025 (4Q FY2025), as United States (US) customers’ inventory levels are fully depleted.

Analyst Sees TNB As Safe Haven Amid Market Volatility, Maintains 'Hold' Call

KUALA LUMPUR, March 17 (Bernama) -- An analyst has viewed Tenaga Nasional Bhd (TNB) as a relative safe haven given its earnings resilience and undemanding valuation, amid the prevailing market volatility.

Kenanga IB: Trade Shifts, AI To Drive Logistics Sector In 2025

KUALA LUMPUR, March 12 (Bernama) -- Kenanga Investment Bank Bhd (Kenanga IB) expects the domestic logistics sector to sustain steady growth in 2025, driven by the expanding e-commerce industry, the global technology upcycle fuelled by artificial intelligence (AI) demand, and a resilient United States (US) economy.

Bumi Armada Shares Rise In Early Trade After Securing Contracts

KUALA LUMPUR, March 10 (Bernama) -- Bumi Armada Bhd shares rose in early trade after the group secured two contracts worth a total of RM578.4 million from India's state-owned oil company Oil and Natural Gas Corporation Ltd (ONGC).

KPJ Shares Rise 19 Sen At Mid-morning After Reporting Strong Results

KUALA LUMPUR, March 3 (Bernama) -- KPJ Healthcare Bhd shares were up at mid-morning today after the company reported a stellar performance for the financial year ended Dec 31, 2024 (FY2024). 

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.