Bursa Malaysia Opens Higher, Tracking Wall Street Gains Overnight

By Durratul Ain Ahmad Fuad

KUALA LUMPUR, Nov 22 (Bernama) -- Bursa Malaysia opened higher today, tracking the better overnight performance on Wall Street bolstered by Nvidia’s strong earnings.

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.

MYEG 3Q Net Profit Jumps 62.5 Pct To RM195 Mln On Higher Fees, Investments

KUALA LUMPUR, Nov 20 (Bernama) -- MY E.G. Services Bhd’s (MYEG) net profit soared 62.5 per cent to RM195.05 million in the third quarter (3Q) ended Sept 30, 2024, from RM120 million in the same period last year, driven by higher service fees and investment gains.

Bursa Malaysia Opens Higher Amid Mixed Wall Street Overnight

KUALA LUMPUR, Nov 20 (Bernama) -- Bursa Malaysia opened higher today amid Wall Street’s mixed performance overnight as the overall sentiment was affected by the latest developments in the conflict between Russia and Ukraine.

Callabio Manufacturing Expects To Achieve Over RM50 Mln Sales Potential Through INSP At MIHAS@Dubai

By Zarul Effendi Razali

DUBAI, Nov 19 (Bernama) -- Callabio Manufacturing Sdn Bhd, a “coffee syrup” manufacturing company based in Malaysia, expects potential sales of more than RM50 million through the International Sourcing Programme (INSP) taking place at the MIHAS@Dubai 2024 exhibition.

Bursa Malaysia Gives Up Earlier Gains To End Mixed

By Durratul Ain Ahmad Fuad

KUALA LUMPUR, Nov 19 (Bernama) -- Bursa Malaysia gave up earlier gains to end mixed today, amid a higher regional market showing, as property, construction, and healthcare counters attracted buying interests, while plantation, banking, and telecommunication stocks saw some profit-taking, an analyst said.

Govt Provides Incentives For EV Charging Infrastructure Development - MITI

KUALA LUMPUR, Nov 18 (Bernama) -- The government will continue to provide incentives for the development of electric vehicle (EV) charging infrastructure, even though these incentives were not specifically mentioned in Budget 2025.

Banking Sector's Loan Growth To Taper To 4-5 Pct In 2025 - AmInvestment Bank

KUALA LUMPUR, Nov 18 (Bernama) -- AmInvestment Bank expects loan growth in the banking sector to taper to 4.0-5.0 per cent in 2025 on a potential tariff driven slowdown in exports and risk to consumption spending from the RON 95 rationalisation.

Bermuda’s Evergreen Insurance Credit Ratings Downgraded  - AM Best

KUALA LUMPUR, Nov 18 (Bernama) -- AM Best has downgraded the financial strength rating to A- (excellent) from A (excellent) and the long-term issuer credit rating to “a-” (excellent) from “a” (excellent) of Bermuda’s Evergreen Insurance Company Limited (EICL).

Kossan Shares Rise In Early Trade Despite Weaker 3Q Results

KUALA LUMPUR, Nov 18 (Bernama) -- Kossan Rubber Industries Bhd’s shares on Bursa Malaysia rose in early trade after the company announced an interim and special dividend, despite weaker results for the third quarter ended Sept 30, 2024 (3Q 2024).

Rubber Market To Trade On Positive Mode Next Week On EUDR Delay

By Nur Athirah Mohd Shaharuddin

KUALA LUMPUR, Nov 16 (Bernama) -- The Malaysian Rubber Glove Manufacturers Association (MARGMA) expects the rubber market to trade positively next week, following the delay in the implementation of the European Union Deforestation Regulation (EUDR).

Bursa Malaysia Pares Gains To Head Lower At Midday

By Zufazlin Baharuddin

KUALA LUMPUR, Nov 15 (Bernama) -- Bursa Malaysia pared earlier gains to head into the midday break lower, with selling pressure seen across the board despite the release of positive third-quarter gross domestic product (GDP) figures released at noon.