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K. Harinderan

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MGB Starts Year On Positive Note On Better Property Sales Growth

MGB’s 1Q24 core profit of MYR14.1m (>+19% YoY) met estimates. RHB Investment Bank (RHB), in its Malaysia Results Review today (May 17), said they expect...

Coraza Integrated Technology Recovers Steadily

Coraza Integrated Technology’s 1Q24 results met expectations with sales showing its first QoQ uptick after six consecutive quarters of contraction. RHB Investment Bank (RHB), in...

UEM Sunrise Embarks On Its First 40-Acre Industrial Park In Gerbang Nusajaya

RHB Investment Bank (RHB), in its Malaysia Company Update today (May 17), said they are upbeat with UEM Sunrise’s partnership with ITRAMAS Corp (ITRAMAS)...

S P Setia Still Punching Below Its Weight

S P Setia’s (SPSETIA)’s 1QFY24 results met expectations with its 1QFY24 core net profit almost doubling YoY, at a meagre RM18.9m on a  turnover...

Sunway REIT Sees Soft Patch Caused By Steeper Marketing, Finance Costs In 1QFY24

Sunway REIT’s (SUNREIT) 1QFY24 results met expectations with its 1QFY24 core net profit declining 10% YoY following an asset disposal coupled with  higher marketing...

UN Report Cautiously Optimistic On Global Economic Outlook, Predicts 2.4% Growth Rate

Global economic prospects have improved thanks to strong performances in the United States and large emerging economies, although vulnerabilities remain, says a UN report...

Recovery Prospects Brighten On Sustained Semiconductor Sector Recovery For MPI

Malaysian Pacific Industries’ (MPI) 9MFY24 met expectations recording a 53% core net profit surge for 9MFY24 on sustained recovery at its Suzhou plant and...

Hong Leong Industries’ Motorbike Sales Zoom As Credit Eases

Hong Leong Industries’ (HLIND) 9MFY24 results beat expectation with Its 9MFY24 core net  profit rising 11% YoY driven by credit easing by motorcycle financiers...

U.S. Industrial Production Weaker Than Expected In April

Compared with April 2023, overall factory output in the U.S. was 0.4 per cent lower, according to the latest data. MIDF Research Economic Brief today...

Malaysia – Kazakhstan Agree To Strengthen Relations, Expand Cooperation In Multiple Sectors

Malaysia and Kazakhstan agreed to continue to strengthen the relationship established since March 16, 1992, as well as explore new cooperation opportunities. Prime Minister Datuk...

China’s Housing Crash Could Set Back Millions Of Promising Careers

Ivy Zhang figured she had it made. Fresh out of school after studying chemistry, she joined one of China’s biggest property companies in 2016, as...

Putin And Xi Pledge A New Era And Condemn The United States

China's Xi Jinping and Russia's Vladimir Putin on Thursday pledged a "new era" of partnership between the two most powerful rivals of the United...

Oil Set To Eke Out Weekly Gain As Supply And Inflation Set Tone

Oil was poised to eke out a narrow weekly gain as futures remained in a narrow range, with the outlook for supply and inflation...

Asian Stocks To Drop As Traders Rethink Rate Cuts

Stocks in Asia are mostly headed for early declines after traders reassessed the path forward for interest rates, tempering the optimism linked to Wednesday’s...

Dow Futures Are Little Changed After Blue-Chip Average Touches 40,000 For First Time

Futures tied to the Dow Jones Industrial Average traded near flat Thursday night, after the preceding session brought much fanfare, with the blue-chip average...

FBM KLCI At Highest Level Since March 2022, Rate Cuts Hope Boost Global Sentiment

Bursa Malaysia ended slightly off its intraday high today on renewed hopes of a possible two interest rate cuts in the United States (US)...

MGB Soars With 23% Profit Surge Of RM20.59 Million For Q1FY2024

MGB Berhad (MGB) recorded a profit before tax and profit after tax of RM20.59 million and RM15.11 million, an increase of 28% and 23%...

Indonesia Assumes Oil And Gas Investments To Rise 29% To US$17b In 2024

Indonesia expects investments in its oil and gas sector to rise 29% in 2024, the chairman of regulator SKK Migas told Reuters, as it...

White House Moves To Protect U.S. Solar Manufacturers From Chinese Competition

The White House on Thursday said it would protect domestic solar factories from Chinese competition by scrapping a tariff exemption for imported double-sided panels...

BNM Operations: Short-Term Interbank Rates End Stable

Short-term interbank rates closed steady today on Bank Negara Malaysia’s (BNM) operations to absorb surplus liquidity from the financial system. Liquidity in the conventional system...

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