KUALA LUMPUR (June 6): Analysts said the first quarterly results came broadly below expectations, with significant corrections in the plantations, petrochemicals and gloves sectors.

1Q results came broadly below expectations, say analysts

KUALA LUMPUR (June 6): Analysts have downgraded Bumi Armada Bhd on the unexpected Kraken floating production storage and offloading (FPSO) system shutdown, which contributes a substantial portion of the group’s revenue.

Analysts downgrade Bumi Armada after Kraken FPSO shutdown

Competition for deposits in Malaysia will trim lending margins for the country's banks this year, according to S&P Global Ratings.

Malaysian banks face margin compression following competition for deposit, says S&P

The aviation sector needs annual investments to the tune of US$180 billion (RM823.9 billion) or US$5 trillion in total to transition to net zero by 2050, according to the International Air Transport Association (IATA) recently released Net Zero Roadmap.

Aviation sector needs US$5 tril to transition to net zero by 2050 — IATA roadmap

AFTER decades of relying on the domestic market, the US-China trade war presented Southern Cable Group Bhd (SCGB) a unique opportunity to diversify outside the country.

As a result, the manufacturer of copper and aluminium cables and wires, plastic compounds and wooden cable drums has s...

Southern Cable gains export diversification advantage from US-China trade war

KUALA LUMPUR (May 26): EITA Resources Bhd’s net profit dropped by 69% to RM1.07 million or 0.41 sen per sare in the second quarter ended March 31, 2023 (2QFY2023), from RM3.5 million or 1.34 sen per share in the previous corresponding period, mainly due to losses recorded in the high voltage system segment.

EITA’s net profit drops 69% in 2QFY2023, declares one sen interim dividend

Telekom Malaysia Bhd (TM) is close to finalising the wholesale prices for the telco's fibre network and is convinced that transitioning to a dual 5G network model will yield higher wholesale income, according to CGS-CIMB.

TM close to finalising wholesale fibre price, says CGS-CIMB

Malaysia Building Society Bhd (MBSB) saw its net profit increase by 27.3% to RM74.13 million or 1.03 sen per share in the first quarter ended March 31, 2023 (1QFY23), from RM58.21 million or 0.81 sen per share a year ago, mainly due to lower expected credit losses and lower operating expenditure.

MBSB earnings up 27.3% on lower expected credit losses and opex

KUALA LUMPUR (May 25): theedgemalaysia.com highlighted seven stocks with negative momentum at Bursa Malaysia’s afternoon break on Thursday (May 25).

Tanco, YTL Corp, Coastal Contracts, Uchi Tech, Superlon, Iconic, RCE Capital

Parkson Holdings Bhd shares rose 10% or 1.5 sen to 16.5 sen in early trade on Thursday (May 25) after the group returned into the black in the first quarter ended March 31, 2023 (1QFY2023).

Isabelle Francis

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Isabelle Francis

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