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TNB Shares Down In Early Session Despite Posting Stronger 3Q Net Profit

KUALA LUMPUR, Dec 2 (Bernama) -- Tenaga Nasional Bhd’s (TNB) share prices on Bursa Malaysia slipped in today’s early session despite posting a stronger performance in the third quarter (3Q) of financial year 2024.

Sime Darby Property To Build Additional Data Centres, With 20-year Lease Value Up To RM5.6 Bln

KUALA LUMPUR, Dec 2 (Bernama) -- Sime Darby Property Bhd will be developing additional data centres at Elmina Business Park following the signing of a new build-and-lease agreement with Pearl Computing Malaysia Sdn Bhd, with a 20-year lease value of up to RM5.6 billion. 

Prioritise Domestic Shipping To Boost Green Initiatives, Support Local Vessel Usage, Says MASA

By Harizah Hanim Mohamed

KUALA LUMPUR, Dec 1 (Bernama) – The government must prioritise the domestic shipping industry to advance green shipping and simultaneously develop a new national shipping policy to address long-standing gaps in the sector, said a shipping industry association.

Analysts Positive On Sime Darby FY2025 Earnings Growth

KUALA LUMPUR, Nov 29 (Bernama) -- RHB Investment Bank Bhd has raised its financial year 2025 and 2026 (FY2025–FY2026) earnings forecasts for Sime Darby Bhd by two per cent to account for an upward revision of its 2025 Perodua sales volume assumption to 330,000 units from 310,000 units.

ACE Market-bound Vanzo Holdings Aims To Raise RM14 Mln From IPO

KUALA LUMPUR, Nov 27 (Bernama) -- Vanzo Holdings Bhd aims to raise RM14 million through its initial public offering (IPO) en route to a listing on the ACE Market of Bursa Malaysia on Dec 17, 2024.

PPI Continues To Fall, 2.4 Pct Lower In October 2024

KUALA LUMPUR, Nov 27 (Bernama) -- Malaysia’s Producer Price Index, which measures the price changes of goods at the producer level, fell by 2.4 per cent in October 2024, said the Department of Statistics Malaysia (DOSM).

IOI Corp's Operating Profit Remains Stable Amid Uncertainty In Donwstream Sub-segment - MIDF Amanah

KUALA LUMPUR, Nov 27 (Bernama) -- IOI Corp Bhd’s operating profit remains stable amid the uncertainty in the downstream sub-segment, driven by the low cost of production among its peers, circa RM2,300-RM2,600 per tonne, MIDF Amanah Investment Bank Bhd said.

TM Seen As Among Beneficiaries Of Booming It Market

KUALA LUMPUR, Nov 27 (Bernama) -- Public Investment Bank Bhd (PIVB) sees Telekom Malaysia Bhd (TM) as among beneficiaries of the booming information technology (IT) market as major cloud and internet companies would also demand greater terrestrial connectivity as well as global subsea cable networks.

MAHB To Sustain Strong Passenger Growth In 2024-2025 -- Analysts

KUALA LUMPUR, Nov 27 (Bernama) -- Malaysia Airports Holdings Bhd (MAHB) is expected to sustain strong passenger traffic growth in 2024-2025, supported by rising demand from key markets such as China, India, and Southeast Asia.

ACE Market-bound Winstar Capital Targets RM19.79 Mln From IPO

KUALA LUMPUR, Nov 26 (Bernama) -- Aluminium products manufacturer Winstar Capital Bhd, en route to a listing on Bursa Malaysia’s Ace Market on Dec 19, 2024, aims to raise RM19.79 million through its initial public offering (IPO).

Analysts Remain Bullish On Dialog, Keeping It At 'Buy'

KUALA LUMPUR, Nov 20 (Bernama) -- CIMB Securities Sdn Bhd has maintained its “buy” call for Dialog Group Bhd, with an unchanged target price of RM3, forecasting the group’s performance for financial year 2025 to remain stable, driven by sustained contributions from the upstream and midstream segments.

Dialog Posts Higher Net Profit Of RM150.97 Mln In 1Q

KUALA LUMPUR, Nov 19 (Bernama) -- Dialog Group Bhd posted a higher net profit of RM150.97 million for the first quarter ended Sept 30, 2024 (1Q FY2025) compared to a net profit of RM132.17 million in the same quarter last year.