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Chong SM

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Axiata Projected For Loss Making With Mounting Finance Cost

Axiata Group (AXIATA) states a core net loss of RM499m in1HFY23. Nonetheless, it still declared a 5.0 sen dividend per share, on track to...

Alliance Bank To Recover From Fund-Based Streams

Alliance Bank Malaysia (ABMB) reports a 1QFY24 net profit of RM150.5m. No dividend was declared as expected, given that the group usually pays biannually. “YoY,...

CGSCIMB Recommends Technical Buy For Cypark Resources, Uzma

Cypark Resources’ stock gapped up after breaking out above the month-long flag pattern the day before. Yesterday’s white candle also sent prices higher, bouncing...

EG Industries’ FY2023 Net Profit Surges To RM38.44 Million On Favourable Mix

Electronic Manufacturing Services (EMS) provider EG Industries Berhad ended the financial year ended 30 June 2023 (FY2023) with a spectacular tripling of net profit...

JHM Consolidation To Benefit Significantly From New Automotive Customer

JHM Consolidation’s 1H23 core earnings missed expectations on the industrial segment’s losses and margins compression dragged by higher input costs and product mix. “While the...

Celebrate The Spirit Of Independence Day With Longines

With the patriotic cheer and fervour in the air to celebrate Malaysia's 66th year of independence this year, Longines recommends the timeless elegance of...

Malakoff Corp Blooms Through Alam Flora’s Contribution, Among Others

With core prices set to normalise, the fuel margin impact may still affect Malakoff Corp’s bottomline, albeit, to a moderate extent. “Our BUY call is...

UEM Edgenta Deploys Tech Solutions To Mitigate Cost Pressures

UEM Edgenta (UEME) posted a 2Q23 core net profit of RM11.5m, in line with seasonality expectations. Higher work orders are typically billed towards 2H. “Core...

Power Root To Sustain Earnings, Supported By Quality Product, Brand Equity

Despite earnings growth no longer being the key value proposition for Power Root (PWRT), RHB Research (RHB) continues to like the stock as they...

Mah Sing’s Intention To Expand Portfolio Could Stimulate Share Prices

Mah Sing’s 2Q23 results are within expectations. 1H23 sales already hit RM1.2bn, and the company should achieve its RM2.2bn sales target by year-end. “Management had...

Malaysia’s Inflation Moderates To 2%, A 11-Month Decline: Rafizi

Malaysia's inflation rate in July 2023 continues to moderate to 2.0% compared to 2.4% in June 2023, marking an 11-month decline. “The July 2023 inflation...

IPR-INTAN Programme To Enhance Nation’s Sustainable Food Ecosystem

The Farmer Entrepreneur Program (INTAN) under the People's Income Initiative (IPR) is a comprehensive approach taken by the Ministry of Economy to address food...

Political Certainty Lifts The Cloud For IOI Properties

IOI Properties’ FY23 property sales amounted to RM1.96bn. Despite the recent round of tightening measures, the Marina View project in Singapore worth RM8.5bn will...

Sime Darby Property’s Sales Target Is Conservative Considering Sizable Booking

Sime Darby Property (SDPR)’s 2Q23 core net profit of RM68.6m lifted 6M23 core net profit to RM126m, said Maybank Investment Bank (Maybank IB) in...

High Seasonal Demand, Lowering Expenses To Drive Air Asia’s Performance

Air Asia X Bhd (AAX)’s 2QCY23 core net loss of RM33.8m brought 6MCY23 core net profit to RM8.7m “On closer inspection, the earnings shortfall was...

Double Trouble For InNature With Declining Sales, Rising Operating Cost

InNature Bhd (INNATURE) faces a challenging outlook whereby sales volume trends are declining while store operating costs from labour have steadily increased. “Although management has...

About RM180 Bil Up Until 2050 Needed To Develop Robust Grid System: Nazmi

Minister of National Resources, Environment and Climate Change Nik Nazmi said that under the Paris Agreement, Malaysia has pledged to reduce its greenhouse gas...

Govt To Allocate RM2 Bil Seed Fund For National Energy Transition Facility: Anwar

Prime Minister Anwar Ibrahim said that in the early 1990s, Renewable Energy (RE) was named the fifth fuel under the National Energy Policy. Now...

Bursa Malaysia To Close For Merdeka Day

Bursa Malaysia Berhad (“Bursa Malaysia” or “the Exchange”) and its subsidiaries will be closed on Thursday, 31 August 2023, in conjunction with Malaysia’s Independence...

Leon Fuat’s 2Q Revenue Falls 10.8% To RM217.42 Mil, Profit Follows

Leon Fuat Bhd (Leon Fuat), a manufacturer and trader of steel products specialising in rolled long and flat steel, announced a decrease in revenue...

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