AmBank Earnings To Stay Strong, Dividend Payout May Exceed 40 Pct - PIVB

KUALA LUMPUR, March 27 (Bernama) -- AMMB Holdings Bhd (AmBank Group) is expected to sustain strong earnings growth quarter-on-quarter, driven by robust loan expansion and lower operating expenses following the absence of a bonus provision, Public Investment Bank Bhd (PIVB) said.

Gamuda Shares Rise On Robust Domestic Construction Growth

KUALA LUMPUR, March 27 (Bernama) -- Shares of Gamuda Bhd rose in early trade today, supported by stronger financial performance in the second quarter ended Jan 31, 2025 (2Q FY2025), driven by robust growth in domestic construction activities.

Nestcon Bags RM228.30 Mln Construction Contract From Paramount Property In Ampang Hilir

KUALA LUMPUR, March 26 (Bernama) -- Nestcon Bhd’s wholly-owned subsidiary, Nestcon Builders Sdn Bhd, has secured a RM228.30 million construction contract from Paramount Property (Cityview) Sdn Bhd for a project in Ampang Hilir, Kuala Lumpur.

Gamuda Hits All-time High RM36 Bln Order Book In 2Q FY2025, Four-year Record Streak

KUALA LUMPUR, March 26 (Bernama) -- Gamuda Bhd has achieved an all-time high in its construction order book, recording RM36 billion for the second quarter of the financial year ending Jan 31, 2025 (2Q FY2025), breaking records for four consecutive years.

Rakuten Trade Offers New Amalgamated Brokerage Fees For US Stock Trades

KUALA LUMPUR, March 26 (Bernama) -- Rakuten Trade Sdn Bhd has rolled out its first-in-market service, offering the amalgamated brokerage fees for the United States (US) stock trades. 

Velesto Proposes RM1.2 Bln capital Reduction To Strengthen Finances

KUALA LUMPUR, March 25 (Bernama) -- Velesto Energy Bhd has proposed a capital reduction of RM1.2 billion, which will be credited to the retained earnings or to set off against any accumulated losses of the company.

Astro Net Profit Surges Over Threefold To RM129.15 Mln In FY2025

KUALA LUMPUR, March 25 (Bernama) -- Astro Malaysia Holdings Bhd’s net profit for the financial year ended Jan 31, 2025 (FY2025) surged over threefold to RM129.15 million from RM36.88 million in the previous year. 

ACE Market Debutant Wawasan Dengkil Eyes More Solar Farm Projects

KUALA LUMPUR, March 25 (Bernama) -- Construction services provider Wawasan Dengkil Holdings Bhd, which made its debut on the ACE Market today, plans to expand its business by securing more solar farm infrastructure projects.  

Seize EM Opportunity With Reforms, Investment Push - Maybank IB

KUALA LUMPUR, March 25 (Bernama) -- Malaysia should seize the opportunity to differentiate itself positively in political and policy stability among emerging markets (EMs) by accelerating foreign and domestic direct investment, leveraging a broadly favourable global backdrop.  

Bank Deposits Growth Slows To 3 Percent In 2H 2024 On Rising Costs, Debt Repayment - BNM

KUALA LUMPUR, March 24 (Bernama) -- Banking system deposits grew at a slower pace of three per cent in the second half of 2024 (2H 2024), driven by the slower growth of deposits from resident businesses, partly due to higher costs and debt repayment.

Alliance Bank On Right Track Scaling Up Operations

KUALA LUMPUR, March 24 (Bernama) -- Alliance Bank Malaysia Bhd (ABMB) is on the right track to scale up operations following its proposal to undertake a rights issue to raise RM600 million to boost its diminishing common equity tier-1 (CET-1) of 12.4 per cent by +1.1 percentage points (ppts), CIMB Securities Sdn Bhd.

FBM KLCI Futures Likely To See Cautious Trading Next Week Amid Global Uncertainties

By Siti Radziah Hamzah

KUALA LUMPUR, March 22 (Bernama) -- The FTSE Bursa Malaysia KLCI (FBM KLCI) futures contract on Bursa Malaysia Derivatives is expected to see cautious trading next week due to global uncertainties.