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1d ago

Corporate News
Jentayu sells land for RM25mil

Jentayu Sustainables Bhd (JSB) is disposing of a piece of land measuring 1,197 sq m in Kuala Lumpur to Armani Development Sdn Bhd for RM25mil.
1d ago

Economy
Better Sino-US ties benefit other economies

Despite geopolitical tensions and mounting uncertainty, China and the United States should work together and rebuild trust to bring about a win-win outcome, as closer economic cooperation between the world’s two largest economies will benefit even other economies, experts say.
1d ago

Corporate News
DRB-Hicom sees satisfactory performance in FY23

DRB-Hicom Bhd expects a satisfactory performance for its financial year ending Dec 31, 2023 (FY23), emphasising its steadfast commitment to executing strategies and driving the business forward.
1d ago

Corporate News
TM on track to achieve its 2023 market guidance

Telekom Malaysia Bhd (TM) is poised to meet its 2023 market guidance, based on its current performance trajectory.
1d ago

Markets
FBM KLCI ends easier for second straight day

Despite opening higher at the start of the opening bell, the FBM KLCI succumbed to mild profit-taking activities. The benchmark index closed down 2.6 points, or 0.18%, at 1,453.29.
1d ago

Corporate News
TSH Resources cautiously optimistic

TSH Resources Bhd expects the crude palm oil (CPO) price to be supported at around the current price level of RM3,700 to RM3,800 per tonne and is cautiously optimistic of achieving a satisfactory performance for 2023.
1d ago

Corporate News
S P Setia secures RM3.9bil sales

S P Setia Bhd has secured sales amounting to RM3.89bil for the nine months ended Sept 30, 2023, with local projects contributing RM3.37bil or 87% of total sales.
1d ago

Economy
October inflation expected to continue cooling

All eyes are on the October inflation data due today, as experts anticipate price pressures to continue moderating and to take some burden off the government, whose popularity is tainted by the stubbornly high living costs.
1d ago

Corporate News
MISC nine-month net profit up 48%

MISC Bhd’s third quarter results have fallen short of analysts expectations, leading many to change their call recommendations and target price (TP) for the energy-based logistics player.
23 Nov 2023

Banking
Alliance Bank on track to have 81 branches by second quarter of next year

KUALA LUMPUR: Alliance Bank Malaysia Bhd is on track to achieving 81 locations nationwide by the second quarter of 2024 in its network expansion.
23 Nov 2023

Aviation
AirAsia X to spread its wings to Kazakhstan

KUALA LUMPUR: AirAsia X Bhd (AAX) is set to spread its wings to Central Asia as the first Malaysian airline to fly directly to Almaty in Kazakhstan commencing on March 14, 2024.
23 Nov 2023

Corporate News
KSL buys land from S P Setia for RM 228.8mil

KUALA LUMPUR: KSL Holdings Bhd is acquiring freehold land measuring 72,820 sq metres in Shah Alam, Selangor from S P Setia Bhd for RM228.80mil.
23 Nov 2023

Corporate News
Genting Bhd net profit soars to RM520.52mil in 3Q

KUALA LUMPUR: Genting Bhd posted a higher net profit of RM520.52 million in the third quarter ended Sept 30, 2023 (3Q FY2023) from RM128.02 million in 3Q FY2022.
23 Nov 2023

Corporate News
Allianz Malaysia 3Q net profit rises to RM197.86mil

KUALA LUMPUR: Allianz Malaysia Bhd net profit for the third quarter ended Sept 30, 2023 (3Q FY2023) rose to RM197.86 million from RM139.59 million registered in the corresponding period a year ago.
23 Nov 2023

Corporate News
DRB-Hicom 3Q net profit halves to RM70.8mil

PETALING JAYA: DRB-Hicom Bhd expects a satisfactory performance for its financial year ending Dec 31, 2023 (FY23), emphasising its steadfast commitment to executing strategies and driving the business forward.
23 Nov 2023

Forex
Ringgit closes marginally lower vs US dollar

KUALA LUMPUR: The ringgit traded marginally lower against the US dollar at the close on Thursday due to a lack of catalysts, said an analyst.
23 Nov 2023

Corporate News
YTL Corp sees seven-fold profit surge in 1Q24

KUALA LUMPUR: YTL Corp Bhd reported a 16% year-on-year (y-o-y) increase in revenue to RM7.52bil in the first quarter ended Sept 30, driven by improved performance across almost all business segments.
23 Nov 2023

Corporate News
Synergy House eyes global furniture e-commerce growth

KUALA LUMPUR: Synergy House Bhd is cautiously optimistic on the potential of the global furniture e-commerce market and believes that with its strategies, the group will be able to capitalise on such potential and increase its market share.
23 Nov 2023

Corporate News
Genting Malaysia net profit climbs to RM177.41mil in 3Q

KUALA LUMPUR: Genting Malaysia Bhd’s net profit soared to RM177.41 million in the third quarter ended Sept 30, 2023 (3Q FY2023) from RM11.38 million boosted by recovery momentum in the leisure and hospitality industry.
23 Nov 2023

Corporate News
PetDag 3Q net profit tumbles 33% to RM184.7mil

KUALA LUMPUR: PETRONAS Dagangan Bhd (PetDag) is expected to sustain its strong performance for the rrest of the year, as it continues to strengthen its core business and foster business growth, amid cautious outlook from potential global headwinds.