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Petron Malaysia Records Sharp Fall In 3Q Net Profit

KUALA LUMPUR, Nov 21 (Bernama) -- Petron Malaysia Refining and Marketing Bhd’s net profit fell to RM4.63 million in the third quarter (3Q) ended Sept 30, 2024, from RM81.90 million a year earlier amid a downward trend in oil prices.

Hap Seng 3Q 2024 Net Profit Soars Nearly Fourfold To RM193.11 Mln

KUALA LUMPUR, Nov 21 (Bernama) -- Hap Seng Consolidated Bhd's (HSCB) net profit for the third quarter ended Sept 30, 2024 (3Q 2024) soared nearly fourfold to RM193.11 million, up from RM50.30 million in the same period last year.

Rubber Market Closes Lower, Tracking Regional Futures Markets

By Engku Shariful Azni Engku Ab Latif

KUALA LUMPUR, Nov 21 (Bernama) -- The Kuala Lumpur rubber market ended lower on Thursday, taking its cue from the mixed regional rubber futures market performance and weighed down by the stronger ringgit versus the US dollar, a dealer said.

OTC Markets Launches Overnight Trading Platform, Expanding Access For Global Investors

KUALA LUMPUR, Nov 21 (Bernama) -- OTC Markets Group Inc, an operator of regulated financial markets for over 12,000 United States (US) and global securities, has launched MOON ATS, a new overnight trading platform for National Market System (NMS) securities.

Petronas Chemicals' Shares Up At Mid-Morning Despite 3Q Net Loss

KUALA LUMPUR, Nov 21 (Bernama) -- Petronas Chemicals Group Bhd’s shares on Bursa Malaysia rose during the mid-morning session despite recording a RM789 million net loss in the third quarter ended Sept 30, 2024 (3Q 2024) compared with a net profit of RM424 million in the same period last year. 

Gold Futures Ease On Subdued Demand

KUALA LUMPUR, Nov 20 (Bernama) -- The gold futures contract on Bursa Malaysia Derivatives ended lower today on subdued demand, tracking losses in the US COMEX gold market, an analyst said.

Rubber Market Closes Higher, Tracking Regional Futures Markets

By Engku Shariful Azni Engku Ab Latif

KUALA LUMPUR, Nov 20 (Bernama) -- The Kuala Lumpur rubber market continued its upward trend to end higher on Wednesday, buoyed by a rally in regional rubber futures markets and a weaker ringgit against the US dollar, a dealer said.

Petronas Chemicals Records Loss Of RM789 Mln In 3Q On Unrealised Forex Loss

KUALA LUMPUR, Nov 20 (Bernama) -- Petronas Chemicals Group Bhd (PCG) recorded a net loss of RM789 million in the third quarter compared to a net profit of RM424 million in the same period last year, dragged down by unrealised forex losses of RM1.1 billion.

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.

LSH Chairman Conferred Prominent Player Award At MCIEA 2024

KUALA LUMPUR, Nov 20 (Bernama) – Lim Seong Hai (LSH) Capital Bhd chairman Tan Sri Lim Keng Cheng was conferred the Prominent Player Award at the Malaysian Construction Industry Excellence Awards (MCIEA) 2024, recognising his transformative contributions and visionary leadership in the construction industry.

Brazil At Sweet Spot For Malaysian Semiconductor Industry To De-risk Supply Chain - Tengku Zafrul

From M. Saraswathi

RIO DE JANEIRO (Brazil), Nov 19 (Bernama) -- The largest South American country Brazil is strategically located for Malaysian semiconductor industry’s “Plus One” strategy to de-risk their supply chain resiliency.

CPO Futures Close Higher, Tracking Soybean Oil Prices On CBOT

By Engku Shariful Azni Engku Ab Latif

KUALA LUMPUR, Nov 19 (Bernama) -- The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed higher on Tuesday, tracking stronger soybean oil prices on the Chicago Board of Trade (CBOT), said Palm oil dealer David Ng.