MBSB IB Maintains Positive Call On Insurance Sector Despite Healthcare Inflation

KUALA LUMPUR, Aug 15 (Bernama) -- MBSB Investment Bank (MBSB IB) has maintained its “positive” recommendation on the insurance sector, citing attractive valuations and high dividend yields despite persistent healthcare inflation and delays in healthcare cost-control reforms.

Public Bank Posts Higher Net Profit Of RM1.75 Bln In 1Q

KUALA LUMPUR, May 21 (Bernama) -- Public Bank Bhd reported a higher net profit of RM1.75 billion in the first quarter ended March 31, 2025 (1Q 2025) compared with RM1.65 billion in the same period last year.

SC: 21 Offers Of Takeovers And Mergers Worth RM18.22 Bln Cleared In 2024

KUALA LUMPUR, March 20 (Bernama) -- The Securities Commission Malaysia (SC) cleared 21 offer documents worth RM18.22 billion for takeovers and mergers in 2024 compared with 10 offers with total offer value of RM5.53 billion in 2023.

LPI Capital Shares Flat In Early Trade Despite Robust FY2024 Performance

KUALA LUMPUR, Feb 17 (Bernama) -- LPI Capital Bhd’s shares on Bursa Malaysia were flat in early trade today despite recording robust performance for its financial year ended Dec 31, 2024 (FY2024).

LPI Capital Records Better Earnings, Revenue In FY2024

KUALA LUMPUR, Feb 14 (Bernama) -- LPI Capital Bhd’s net profit rose to RM377.09 million in the financial year ended Dec 31, 2024 (FY2024), up from RM313.73 million a year earlier, primarily due to higher profit from the general insurance segment.

Banking Sector Thriving In 2024, Sees Major Acquisitions

By Karina Imran

KUALA LUMPUR, Dec 10 (Bernama) -- The Sarawak state government’s acquisition of a major stake in Affin Bank Bhd and Public Bank’s purchase of equity in LPI Capital Bhd, plus banks generally being highly profitable, were the major news items in Malaysia’s banking and financial landscape this year.

LPI Capital Net Profit Rises To RM123.94 Mln In Third Quarter

KUALA LUMPUR, Oct 29 (Bernama) -- LPI Capital Bhd’s net profit for the third quarter rose to RM123.94 million from RM97.92 million in the same quarter last year.

Public Bank, LPI Capital Shares Down Amid Proposed Acquisition Announcement

KUALA LUMPUR, Oct 11 (Bernama) -- The share prices of Public Bank Bhd and LPI Capital Bhd contracted following the news of the bank’s proposed acquisition of a 44.15 per cent stake in LPI Capital Bhd to provide a more comprehensive service offering.

FBM KLCI Opens Lower But Market Breadth Stays Positive

By Kisho Kumari Sucedaram

KUALA LUMPUR, Oct 11 (Bernama) -- Bursa Malaysia’s barometer index opened lower, in line with Wall Street’s weaker performance, as traders reacted negatively to September’s United States consumer price index figure, which came in higher than anticipated, said an analyst.

Public Bank To Acquire 44.15 Pct In LPI Capital For RM1.72 Bln Cash

KUALA LUMPUR, Oct 10 (Bernama) -- Public Bank Bhd has proposed to acquire a 44.15 per cent stake in LPI Capital Bhd, comprising 175.9 million shares, for RM1.72 billion in cash or RM9.80 per share.

Teh Family To Reduce Public Bank Stake To 10 Pct Over Five Years

KUALA LUMPUR, Oct 10 -- The estate of the late Tan Sri Teh Hong Piow and Consolidated Teh Holdings Sdn Bhd will reduce their stake in Public Bank Bhd to 10 per cent over five years from the current 23.4 per cent.

Public Bank, LPI Capital Shares To Resume Trading On Friday

KUALA LUMPUR, Oct 10 (Bernama) -- Shares of Public Bank Bhd and LPI Capital Bhd will resume trading with effect from 9 am tomorrow, according to separate filings from the two companies to Bursa Malaysia.