<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Dec 23): Aeon Credit Service (M) Bhd gained 2.11% in the morning trade today after the group announced that its financial results for the third quarter ended Nov 30, 2016 (3QFY17) saw a substantial increase of 25.7% in its net profit to RM67.1 million from RM53.4 million in the corresponding quarter a year ago.</p></div>

<div class=newsTextDataWrapInner><p>As of 10.35am, its share price gained 30 sen to RM14.54 with about 115,200 shares traded. In comparison, its 200-day average volume is about 100,910.</p></div>

<div class=newsTextDataWrapInner><p>The improvement in the financial results is also due to better revenue and other operating income, based on a filing with Bursa Malaysia yesterday. Revenue for 3QFY17 rose 14.07% to RM280.4 million from RM245.8 million.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>For the nine-month period ended Nov 30, 2016 (9MFY17), Aeon Credit's net profit also grew 15.54% to RM184.97 million from RM160.09 million, while revenue rose 14.73% to RM811.11 million from RM706.94 million.</p></div>

<div class=newsTextDataWrapInner><p>In its bourse filing, the group said it expects to be able to maintain its current financial performance for the year ending Feb 28, 2017 (FY17) despite challenges posed by the Asian economy.</p></div>

<div class=newsTextDataWrapInner><p>&nbsp;</p></div>

<div class=newsTextDataWrapInner><p>&nbsp;</p></div>


KUALA LUMPUR (Dec 23): Aeon Credit Service (M) Bhd gained 2.11% in the morning trade today after the group announced that its financial results for the third quarter ended Nov 30, 2016 (3QFY17) saw a substantial increase of 25.7% in its net profit to RM67.1 million from RM53.4 million in the corr...

Aeon Credit gains 2.11% on impressive 3Q results

The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended lower on Wednesday, said palm oil trader David Ng.

He said that CPO prices hit their lowest in a month due to mounting concerns over the implementation of the biodiesel B40 programme starting next month.

CPO futures close lower amid concerns over B40 biodiesel implementation

EVENING 5: Five things you need to know today

EVENING 5: MACC clears YTL unit of wrongdoing in 1BestariNet project

The Malaysia External Trade Development Corporation (Matrade) and Dunia Melayu Dunia Islam (DMDI) have signed a Memorandum of Understanding (MoU) to bolster trade and export promotion cooperation.

Matrade and Dunia Melayu Dunia Islam collaborate to boost export promotion

Honda and Nissan are in talks to deepen ties, two people said on Wednesday, including a possible merger, the clearest sign yet of how Japan's once seemingly unbeatable auto industry is being reshaped by challenges from Tesla and Chinese rivals.

Honda, Nissan move to deepen ties, sources say, including possible merger

Aeon Co (M) Bhd (KL:AEON) plans to appeal the High Court's ruling that the department store and mall operator had breached a tenancy agreement it had entered into with Betanaz Properties Sdn Bhd, a 51%-owned subsidiary of Ahmad Zaki Resources Bhd (KL:AZRB).

Aeon to appeal High Court's ruling in tenancy dispute with Ahmad Zaki's unit

Gold prices were little changed on Wednesday as investors remained cautious ahead of the US Federal Reserve's policy decision, which is also expected to offer guidance on its outlook for next year.

Spot gold inched down 0.1% to US$2,643.79 per ounce by 1256 GMT. US gold futures GCv1 fell 0.1% to US$2,659.80.

Gold stalls ahead of Fed rate decision, focus on 2025 outlook

US single-family homebuilding rebounded in November as the drag from hurricanes faded, but the threat of tariffs on imported goods and potential labour shortages from mass deportations could hamper new construction next year.

US single-family housing starts rebound in November 

The clean-tech venture firm founded by Bill Gates is providing a US$40 million (RM178.7 million) grant to carbon-capture startup Deep Sky Corp, which seeks to build large-scale facilities to clean carbon from the air.

Bill Gates-backed fund bets US$40m on carbon removal firm Deep Sky

A merger between Honda and Nissan would not come with quick gains, as the automakers would first need to align their strategies while overlapping regional markets would limit the sales benefits, S&P analysts said on Wednesday.

Nissan-Honda merger would not bring quick fixes, S&P says

<p>The proposed abolition of the Rule of 78 by Bank Negara Malaysia could “pave the way” for similar reforms in other financing products, including hire purchases, having a larger impact on the banking sector, according to Phillip Capital.</p>


Bank Negara's plan to abolish Rule of 78 may lead to wider financial reforms, says Phillip Capital

<p>KUALA LUMPUR (Dec 18): Supermax Corp Bhd (KL:SUPERMX) is planning a bonus share issue on the basis of one share for every five existing shares held, along with the issuance of bonus warrants on the basis of one free warrant for every 20 existing shares held, to reward shareholders.</p>


Supermax proposes 1-for-5 bonus issue with 1-for-20 free warrants

<p>Malaysian Resources Corp Bhd (KL:MRCB) has withdrawn from the Berjaya-led consortium bidding for the multi-billion-ringgit Kuala Lumpur-Singapore high-speed rail (HSR) project, Berjaya Group announced on Wednesday.</p>


Berjaya says MRCB has pulled out of consortium vying for KL-Singapore HSR

<p>KUALA LUMPUR (Dec 18): Shares of United Plantations Bhd (KL:UTDPLT) hit fresh all-time intraday high in early morning trade on Wednesday. The stock gained 2% to touch RM33.06 to become the top gainer on Bursa Malaysia.</p>


United Plantations hits fresh record intraday high at RM33.06

<p>YTL Power International Bhd (KL:YTLPOWR) said the Malaysian Anti-Corruption Commission (MACC) has cleared the group's 60% owned subsidiary, YTL Communications Sdn Bhd, of any wrongdoing in connection with the 1BestariNet project.</p>


YTL Power says MACC has cleared subsidiary of wrongdoing in 1BestariNet project

<p>Solar renewable energy specialist Northern Solar Holdings Bhd, en route to list on the ACE Market of Bursa Malaysia on Feb 6, is looking to raise up to RM64.8 million from the public market to part-finance its business expansion and for working capital.</p>


ACE Market-bound Northern Solar seeks to raise up to RM65m in IPO

<p>KUALA LUMPUR (Dec 18): YNH Property Bhd (KL:YNHPROP) executive chairman Datuk Dr Yu Kuan Chon has been redesignated as an executive director of the property developer. Kuan Chon, 62, is YNH Property’s largest shareholder controlling a direct and indirect shareholding of 32.58% as at Oct 7, 2024.</p>


YNH Property’s MD Kuan Huat replaces brother Kuan Chon as new chairman

<p>CIMB Securities is positive on Malaysia’s equity market in 2025, underpinned by a third consecutive year of earnings growth at 8%, driven by banks, construction and utilities sectors.</p>


Banks, construction, utilities sectors to drive 2025 earnings growth — CIMB Securities

<p>Pestech International Bhd (KL:PESTECH), which is now a subsidiary of Dhaya Maju Infrastructure (Asia) Sdn Bhd, announced a slew of boardroom changes on Thursday, which saw the appointments of Dhaya Maju's co-founder and its group chief executive officer to its board, with immediate effect.</p>


Dhaya Maju founder, CEO join Pestech's board, along with former chief secretary to govt Mohd Zuki

<p>MIDF expects better overall growth for the tech sector in 2026 due to rising demand for artificial intelligence (AI) computing and strong investments from China.</p>


MIDF: Tech sector to rebound, post stronger growth in 2026

<p>Former finance minister Lim Guan Eng has filed an appeal against the High Court's failure to order former prime minister Tan Sri Muhyiddin Yassin to pay interest on damages over defamatory statements concerning tax breaks for Tan Sri Syed Mokhtar Al-Bukhary’s charity foundation Yayasan Albukhary.</p>


Yayasan Albukhary: Guan Eng files appeal, seeking interest on damages awarded

<p>Economists remain cautiously optimistic on Malaysia’s external trade outlook for 2025, following better-than-expected November data which saw the country’s trade surplus rise to a 14-month high.</p>


Economists upbeat on Malaysia’s trade after November exports beat, flag US policy wildcard

<p>ACE Market-bound Northern Solar Holdings Bhd plans to expand its coverage across Malaysia, targeting key regions especially in Johor and Penang, among others, on top of its existing market in the Klang Valley and Selangor areas, according to managing director Lew Shoong Kai.&nbsp;</p>


Northern Solar eyes solar energy expansion post-IPO

<p>Eco World Development Group Bhd (KL:ECOWLD), in collaboration with SD Guthrie Bhd (KL:SDG) and Negeri Sembilan's state investment arm NS Corporation, will jointly develop a 1,166-acre industrial park in Bukit Pelanduk, Negeri Sembilan, that will have an estimated gross development value (GDV) of RM2.95 billion.</p>


SD Guthrie, EcoWorld and NS Corp to jointly develop RM2.95b industrial park in Negeri Sembilan

<p>US President-elect Donald Trump is poised to order changes meant to encourage domestic oil and gas development immediately after his Jan 20 inauguration.</p>


Trump is ready ‘within seconds’ to issue orders spurring drilling

<p>MALAYSIA Airports Holdings Bhd (MAHB) (KL:AIRPORT) can do much more to draw a higher volume of business to Kuala Lumpur International Airport (KLIA), according to the founder and CEO of Plaza Premium Group (PPG), which operates the world’s largest network of international airport lounges.</p>

...

MAHB can do more to attract business, says world’s largest airport lounge operator

<p>Malaysia is inviting China's palm oil companies to explore opportunities in the domestic industry.</p>

<p>Minister of Plantation and Commodities Datuk Seri Johari Abdul Ghani said he believes potential partnerships with Chinese companies based in Malaysia will be successful as feedstock is plentiful in the country while Chinese players have a wide market network.</p>


China's palm oil players invited to explore opportunities in Malaysia

<p>Earthworks and civil engineering services provider Advancecon Holdings Bhd (KL:ADVCON) has secured a RM417.7 million contract to undertake the development of the Silver Valley Technology Park (SVTP) in Perak.</p>


Advancecon secures RM418m contract to develop Silver Valley Technology Park in Perak 

<p>The new criteria for the exemption of financial statement audits for private companies will take effect on Jan 1, 2025.</p>


New audit exemption criteria for private companies kicks in January 1 — SSM 

<p>RHB Bank Bhd has filed an appeal against the High Court's ruling last month that Tokio Marine Life Insurance Malaysia Bhd's right to first refusal, under the bank's 10-year bancassurance arrangement with the bank, is still in effect until the expiry of the agreement on Dec 31, 2024.</p>
