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Chong SM

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Weaker Operating Margins Hamper Kotra Industries, But Long Term Prospect Appears Bright

Kotra Industries’ (Kotra) core net profit tumbled 32.4% yoy to RM10.6m in 4QFY23, due to a high base and weaker operating margins in 4QFY23. “Its...

YTL Power Buoyed By PowerSeraya’s Performance, Contribution From New Plant

YTL Power (YTLPOWR) reports a FY23 core profit of RM1.97b. YoY, its FY23 revenue jumped 23% on the back of 27% hike in PowerSeraya...

Offer Price For UMW Holding Shares A Good Exit For Shareholders

Sime Darby Bhd (SIME) has proposed to acquire 61.18% stake of UMW Holdings (UMW) from Pemodelan Nasional Bhd (PNB) and Amanahraya Trustees Berhad (ART)...

RSPO Aids Oil Palm Smallholders To Sell In International Market

Malaysia's oil palm smallholders have the opportunity to generate higher incomes by increasing exports of their products through the Malaysian Sustainable Palm Oil (MSPO)...

Weakening Outlook For DRB-Hicom As Rival Perodua Ramps Up Launches

YoY, DRB-Hicom (DRBHCOM)’s 1HFY23 revenue rose 22% YoY driven by automotive sales by Proton at 77,321 units, Mitsubishi at 11,811 units, and Isuzu at...

ELK-Desa To Grow Moderately In View Of Uncertain Macro Environment

In 1Q24, ELK-Desa Resources Bhd (ELKDESA) registered a core net profit of RM8.5m. Core net profit rose 11.9% to RM8.5m in 1QFY24 from RM7.6m...

AME Elite Maintains Long Term Revenue Visibility With Ongoing Industrial Park Project

AME Elite Consortium Bhd (AME)'s 1QFY24 core net profit surged 282.4% YoY to RM23.3m, driven by the higher contributions from property development, engineering services,...

Genting Malaysia Expected To Recover With The Influx Of Seasonal Visitors

Genting Malaysia (GENM)’s 2Q23 core net profit of RM120.8m brought 6MFY23 core net profit to RM163.0m. On closer inspection, the earnings shortfall was due...

Boustead Plantation To Recover On The Back of Higher Output, Lower Cost

Kuala Lumpur Kepong Bhd (KLK) announced that it is buying a 33% in Boustead Plantation (BPLANT) for RM1.15b cash or RM1.55/sh from Boustead Holdings...

Malaysia Airports Outperforms As Seat Capacity Continues To Recover

Malaysia Airports (MAHB) expects the new Operating Agreement with the Government of Malaysia to be finalised by the end of this year after the...

Long Term Earnings Visibility For Optimax With Rising Demand From Local, Foreign Patients

Optimax Bhd (OPTIMAX)’s core net profit came in at RM3.8m, bringing the 6MFY23 core net profit to RM6.9m. 1H is likely to be weaker...

Powerwell Holdings Wins RM16.27 Mil Contract To Supply, Deliver Electrical LV Switchboards

Powerwell Holdings Berhad (“Powerwell”), a low voltage (“LV”) and medium voltage (“MV”) electrical power distribution equipment manufacturer with over 30 years of experience in...

Crest Builder Holdings Incurs Loss Of RM10 Mil

Crest Builder Holdings Berhad (“CBHB”) announced its second quarter results for the financial year ending 31 December 2023 (“Q2FY2023”). CBHB managed to carry the momentum...

Southern Cable Announces Whooping 48.2% Growth In Net Profit For 2Q23

Cable and wire manufacturer Southern Cable Group Berhad (Southern Cable) recorded 48.2% growth in net profit to RM5.3 million for its second quarter ended...

Optimism Of Malaysians Takes A Turn After GE15: Ipsos

A recent survey has unveiled a shift in the optimism of surveyed Malaysians regarding the country's trajectory post general election (GE15).The once buoyant optimism,...

Marketing Leaders To Invest In Generative AI For Next Two Years

About 63% of marketing leaders have strategic plans to invest in generative artificial intelligence (AI) within the next 24 months, as indicated by findings...

BMW EV Owners Get Solar Charging Boost From Vasolar

In a landmark move in advancing sustainable and responsible mobility, Tian Siang Premium Auto partners Vasolar, a leading solar panel technology company in Malaysia. The...

Bursa Closes Higher In Noon Amidst Flurry Of Buying Across The Board

Bursa Malaysia ended Thursday's (Aug 24) morning session marginally higher amid continuous buying support in the broader market. At 12.30pm, the FTSE Bursa Malaysia...

Betamek Embraces Industry 4.0 with Software, System Development

Electronics manufacturing services (EMS) provider Betamek Berhad (“Betamek”) is investing in software and system development and implementation to facilitate factory automation towards industry 4.0...

SkyWorld, Maybank Partners To Offer Innovative Home Makeover Financing Scheme

SkyWorld Development Berhad (“SkyWorld”), has partnered with Maybank to offer MyDeco, an innovative home interior makeover financing scheme, to all SkyWorld’s homeowners. This collaboration provides...

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