CIMB Group Holdings Bhd (KL:CIMB) could post decent earnings growth for the third quarter which could help it achieve its return on equity (ROE) target of 11%-15% this year, despite the slower 4Q expected ahead, analysts said.

Decent 3Q seen for CIMB, analysts say

Analysts expect oil and gas services firm Dialog Group Bhd (KL:DIALOG) to post a strong set of fourth-quarter results, driven mainly by its storage business, and contracting work in the Middle East.

Dialog to post strong 4QFY2024 earnings — analysts

Furniture company Synergy House Bhd (KL:SYNERGY) will likely make a net loss in April-June quarter, RHB Investment Bank warned, citing provision for bad debt and currency hedging loss.

Synergy House likely to post net loss in 2Q, RHB IB warns

Oil and gas services firm Dayang Enterprise Holdings Bhd (KL:DAYANG) will likely post stronger-than-expected results thanks to higher work orders, better vessel utilisation and charter rates, said Phillip Capital.

Dayang's earnings likely to hit record high this year, beat consensus estimate — Phillip Capital

KUALA LUMPUR (Aug 5): Gas Malaysia Bhd (KL:GASMSIA) is expected to post another “strong set” of quarterly results in the end-June quarter, on the back of higher gas selling prices, said Kenanga Investment Bank Bhd (Kenanga IB).

Gas Malaysia to post ‘strong set’ of 2QFY2024 results, says Kenanga IB

Hartalega Holdings Bhd (KL:HARTA) is expected to report a jump in earnings in the first quarter, driven by higher utilisation rate and increased sales orders, according to Phillip Capital.

Phillip Capital forecasts jump in Hartalega's 1QFY2025 net profit

KUALA LUMPUR (July 31): Hartalega Holdings Bhd (KL:HARTA) is expected to deliver a sharp jump in core net profit for the first quarter thanks to higher product prices and volume, said RHB Investment Bank.

RHB IB sees Hartalega’s 1QFY2025 earnings improving

Phillip Capital has maintained its 'buy' rating for Pantech Group Holdings Bhd (KL:PANTECH) at RM1.09, with a higher target price of RM1.42 (from RM1.35), and said it expects the company to report stronger earnings year-on-year for the first quarter ended May 31, 2024 (1QFY2025), with a core net profit forecast of RM24 million to RM27 million.

Phillip Capital expects stronger 1Q for Pantech, raises target price to RM1.42

Bursa Malaysia Bhd (KL:BURSA) may report an 8.2% year-on-year (y-o-y) growth in net profit for the second quarter ended June 30, 2024 (2QFY2024), thanks to robust trading activity in the capital market, CGS International said.

Bursa to deliver strong 2Q results as trading activity surges — CGS

RHB Investment Bank (RHB IB) expects Kuala Lumpur Kepong Bhd (KL:KLK) to report improved earnings in the second half of financial year 2024 (2HFY2024) on strong fresh fruit bunch (FFB) output, lower costs and improving downstream earnings.

KLK to report improved earnings in 2HFY2024, says RHB IB

Gamuda Bhd’s (KL:GAMUDA) core net profit may have risen between 3% and 12% in the third quarter from a year ago, driven by better billings from overseas projects, according to RHB Investment Bank.

Gamuda's core profit may have risen up to 12% in 3Q — RHB 

Investors should now buy shares of Top Glove Corp Bhd (KL:TOPGLOV) even as the world’s largest glove maker by volume may report another quarterly loss and stay in the red for the second year, RHB Investment Bank said.

Top Glove now a ‘buy’ at RHB IB as it sees losses narrowing, sentiment improving

KUALA LUMPUR (June 13): Malaysian banks’ earnings growth may decelerate and grow 5%-6% in the second quarter of this year from a year earlier as non-interest income growth slows, CGS International flagged.

Malaysian banks’ earnings growth to decelerate in 2Q2024 as non-interest income slows — CGS

MGB Bhd (KL:MGB) is expected to report stronger first quarter earnings when the construction company reports its financial results by this month-end, according to RHB Investment Bank.

MGB to post stronger 1Q earnings on higher progress billings — RHB

BENGALURU (Nov 22): Gold prices were steady on Friday but still poised for a weekly gain, driven by safe-haven demand due to escalating geopolitical concerns, while market awaited clearer signals on the US interest rate outlook.

Safe-haven gold on track for weekly gain

MORNING CALL: 22/11/24

The use of money-market fund tokens from the likes of BlackRock Inc and Franklin Templeton as collateral in traditional derivatives trades inched closer to reality on Thursday.

CFTC advisers recommend use of tokenised assets as collateral

SEC Chair Gary Gensler, whose ambitious agenda drew fierce resistance from Wall Street and the crypto industry, plans to step down on Jan 20.

Gary Gensler plans to step down from SEC in January

Australia’s flagship carrier Qantas Airways Ltd is the top-performing airline stock in Asia over the past year, and is seen as set to extend its climb with help from declining fuel prices.

Qantas tops Asian airline stocks on cheap fuel, rival’s demise

Nvidia Corp assured investors that its new product lineup will continue to fuel an artificial intelligence-driven growth run, while also signaling that the rush to get chips out the door is proving costlier than expected.

Nvidia says new chip remains on track, helping soothe investors

Stocks ended the day higher as traders contemplated a new US administration keen on deregulation. Bitcoin blew past US$98,000 (RM438,868) while the dollar gained and treasury yields rose.

Trump trade boosts stocks, bitcoin run at US$100,000

KUALA LUMPUR (Nov 22): TSH Resources Bhd (KL:TSH) reported a 12.19% increase in its net profit for the third quarter spanning July to September 2024 (3QFY2024), despite a drop in revenue, as it recorded reduced non-controlling interests, which resulted in the larger share of profit attributable t...

TSH Resources reports 12% rise in 3Q net profit, pays 2.5 sen dividend

Reddit was down for thousands of users on Thursday, according to outage tracking website Downdetector.com, a day after the social media company said it had fixed a software bug.

Downdetector, which tracks outages by collating status reports from several sources including users, showed more than 14,000 reports of outages.

Reddit down for thousands of users, Downdetector shows

The Inland Revenue Board (LHDN) will continue to enforce compliance through audits and investigations to detect any non-compliance among taxpayers in Malaysia.

LHDN deputy chief executive officer (Compliance) Datuk Hisham Rusli said that all actions are carried out in accordance with the laws set forth.

IRB committed to improving tax compliance via  audits, probes

Thong Guan Industries Bhd (KL:TGUAN) has proposed a seven sen per share special dividend from proceeds of the sale of its food and beverage (F&amp;B) business to its largest shareholder Foremost Equals Sdn Bhd for RM60 million.

Thong Guan proposes seven sen dividend from proceeds of sale of F&B business to major shareholder for RM60m

Here is a brief recap of some corporate announcements that made the news on Thursday.

Petron, DRB-Hicom, Dayang Enterprise, AEON, 7-Eleven, MSM, Hap Seng Consolidated, SunCon, UEM Sunrise, Mega First, Oriental, Heitech Padu, Can-One, Atlan, Maxim, Thong Guan, Globetronics

Hap Seng Consolidated Bhd (KL:HAPSENG) posted a three-fold jump in net profit for its third quarter from a year ago, on improved contributions from the diversified group’s plantation, property and credit financing divisions.

Hap Seng 3Q net profit more than triples, declares 10 sen dividend

Indian billionaire Gautam Adani,&nbsp;indicted in New York&nbsp;over a US$265 million (RM1.18 billion) bribery scheme, is a first-generation tycoon whose phenomenal rise has been accompanied by a series of damaging controversies at home and abroad.

Who is Gautam Adani, controversial Indian tycoon charged with bribery in US?

FGV Bhd (KL:FGV), which is currently embroiled in a lawsuit over an alleged breach of a palm kernel shell supply agreement, has been directed by the High Court of Kuala Lumpur to file its statement of defence by Dec 4, 2024.

FGV directed to file defence against company's suit by Dec 4

Oriental Holdings Bhd (KL:ORIENT) saw the diversified group’s net profit for the third quarter fall 70.12% year on year to RM88.87 million, from RM297.42 million on the absence of one-off gains recognised in the corresponding quarter in 2023.

Oriental 3Q net profit down 70% on absence of one-off gains

Magnum Bhd (KL:MAGNUM) reported a slight dip in net profit in the July-Sept period as income tax and other expenses increased, but cushioned by better income generated by its gaming and investment holdings and other segments.

Magnum posts marginally lower net profit in 3Q, amid higher tax and other expenses, declares 1.5 sen dividend

The Inland Revenue Board (LHDN) will continue to enforce compliance through audits and investigations to detect any non-compliance among taxpayers in Malaysia.

LHDN deputy chief executive officer (Compliance) Datuk Hisham Rusli said that all actions are carried out in accordance with the laws set forth.

US electric vehicle (EV) maker Tesla has used components from about 45 local suppliers directly or indirectly to date, which also involves technology transfer to the suppliers, according to the Investment, Trade and Industry Ministry (Miti).

The local producers are used mainly for the provision of semiconductor components, machinery inspection and factory automation system, it explained.

Tesla using components from local suppliers, involved in technology transfer — Miti

Theta Edge Bhd (KL:THETA) said it has partnered local data-science company iStream360 Sdn Bhd to develop “market transformative” artificial intelligence (AI), blockchain and advanced system solutions.

Theta Edge to form JV with iStream360 to develop AI, blockchain solutions

Bursa Malaysia Bhd is optimistic about the outlook for 2025, citing a robust pipeline of initial public offerings (IPOs) and an active capital market, said chairman Tan Sri Abdul Wahid Omar.

Bursa Malaysia confident in next year's growth with active IPO pipeline, says Wahid Omar

Boustead Singapore has announced that its engineering and construction (E&amp;C) business, under Boustead Projects’ real estate solutions division, has secured an E&amp;C contract in Malaysia valued at RM300 million (S$90 million).&nbsp;

Boustead Singapore secures RM300 mil E&C contract in Malaysia

Wall Street's main stock indexes were mixed in choppy trading on Thursday as Alphabet weighed on the market, while investors also focussed on AI-heavyweight Nvidia's upbeat quarterly results and forecast.

Wall Street mixed after Nvidia results; Alphabet weighs

Thailand is taking steps to attract more foreign investment to accelerate economic growth while preparing to adjust its policies to cope with potential changes to world trade under a Trump presidency, Prime Minister Paetongtarn Shinawatra said.

Thailand seeks foreign investment as PM plans for Trump era

Can-One Bhd (KL:CANONE) saw its net loss widen to RM100.54 million in the third quarter ended Sept 30, 2024 (3QFY2024), from RM23.12 million in the previous corresponding quarter, dragged by unrealised foreign exchange loss of RM80.6 million.

Unrealised forex loss drags Can-One further into the red in 3Q

The International Criminal Court (ICC) issued an arrest warrant for Israeli Prime Minister Benjamin Netanyahu for alleged war crimes in Gaza, adding to pressure on the country’s leadership over the conduct of its military campaign against Hamas.

ICC issues arrest warrant for Israel’s Netanyahu on Gaza ‘war crimes’

Nvidia Corp assured investors that its new product lineup will continue to fuel an artificial intelligence-driven growth run, while also signaling that the rush to get chips out the door is proving costlier than expected.&nbsp;

The government is focusing on key aspects of the semiconductor value chain, particularly front-end research and development (R&amp;D) such as integrated circuit design and wafer fabrication, to boost the industry’s growth.

Govt targets front-end R&D to drive semiconductor industry growth — Miti

Pawnbroker Pappajack Bhd (KL:PPJACK), whose shares will be transferred from the ACE Market to the Main Market of Bursa Malaysia on Friday (Nov 22), saw its net profit rise 8.2% to RM6.52 million in the third quarter ended Sept 30, 2024 (3QFY2024) from RM6.03 million a year earlier, on the back of a 19.3% increase in gross profit from both the pawnbroking segment and sales of unredeemed or bid pledges.

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