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

Offshore drilling firm Velesto Energy Bhd (KL:VELESTO) is expected to report that its net profit may more than tripled in the first quarter (1Q) from a year earlier with all of its rigs utilised, Maybank Investment Bank said.

Velesto may report strong 1Q results with rigs fully occupied — Maybank IB

CIMB Group Holdings Bhd, Malaysia’s second-largest bank by assets, will likely see improvements in net interest margin and non-interest income (NII) when it reports its first-quarter results (1QFY2024) on May 31, analysts said.

Analysts see CIMB reporting better net interest margins, non-interest income in 1Q

Malayan Cement Bhd will likely report strong third quarter earnings when the company reports its results by this month-end, as volume and average selling prices stay high, CGS International said.

Malayan Cement likely to report strong 3Q results, says CGS International

Bursa Malaysia Bhd’s core net profit may have risen 34% in the first quarter, from a year earlier, on higher securities and derivatives trading activity when the exchange operator reports its results, Hong Leong Investment Bank said.

Bursa Malaysia 1Q earnings likely up 34% y-o-y, HLIB projects

Fraser & Neave Holdings Bhd (F&N) is poised for a surge in earnings over the coming quarters, driven by heightened demand for its products in key operating areas like Thailand and Malaysia, along with robust export sales across Southeast Asia (SEA), due to extremely hot weather conditions.

F&N seen notching higher earnings on increased beverage consumption in SE Asia amid hot weather

Alliance Bank Malaysia Bhd’s (ABMB) net profit is expected to jump by 37.3% year-on-year (y-o-y) to RM179 million for the fourth quarter ended March 31, 2024 (4QFY2024), according to AmInvestment Bank Research.

AmInvestment sees Alliance Bank’s 4Q earnings jump by 37% y-o-y

Maybank Investment Bank Bhd expects Lotte Chemical Titan Holding Sdn Bhd to record losses for the third quarter of 2023 (3Q2023) ranging in between RM150 million to RM200 million, driven by a 3% to 5% decline in polymer prices and a significant reduction in input naphtha prices by 17%.

Maybank sees Lotte Chemical Titan's losses expanding in 4Q2023 

RHB Research has maintained its “buy” rating on Bursa Malaysia Bhd at RM6.70 with an unchanged target price (TP) of RM7.50, based on a 22.5x (consistent with its long-term average) to the forecast of financial year 2024 (FY2024F) earnings per share (EPS), with an added ESG premium of 6%.

RHB Research sees strong y-o-y headline growth for Bursa Malaysia

Construction-based company MGB Bhd’s core profit for the third quarter ended Sept 30, 2022 (3QFY2022) is expected to grow quarter-on-quarter to RM1-3 million while its 3QFY2022 year-on-year core earnings could be lower, according to RHB Investment Bank (RHB IB).

RHB IB sees lower core earnings for MGB on labour shortages, property launch delays

KUALA LUMPUR (August 8): CGS-CIMB Research has maintained its “Add” rating on Genetec Technology Bhd at RM2.42 with a lower target price (TP) of RM4.30 (from RM4.50) and said it expects Genetec to deliver stronger year-on-year and quarter-on-quarter net profit growth in 1QFY23F, driven by healthy...

 Genetec to deliver stronger y-o-y and q-o-q net profit growth in 1QFY23F, says CGS-CIMB 

KUALA LUMPUR (Aug 3): Hong Leong Investment Bank (HLIB) Research has maintained its “overweight” rating on the plantation sector and said planters will likely post a mixed bag of results on quarter-on-quarter (q-o-q) basis in their upcoming results.

In a note on Wednesday (Aug 3), the r...

Planters will likely post a mixed bag of results q-o-q, says HLIB 

KUALA LUMPUR (May 19): Hong Leong Investment Bank (HLIB) Research has maintained its “buy” rating on Press Metal Aluminium Holdings Bhd (PMetal) at RM5.28 with a lower target price of RM7.59 (from RM7.71) and said it expects PMetal’s 1Q22 results to come in at yet another record high with a net p...

Press Metal poised for another record-high quarter, says HLIB 

KUALA LUMPUR (April 14): Hong Leong Investment Bank (HLIB) Research has maintained its “Buy” rating on Bursa Malaysia Bhd at RM6.98 with a higher target price (TP) of RM7.95 (from RM7.27) and said that judging from 1Q22 equities average daily trading volume (ADV) of RM2.6 billion (+3% q-o-q, -49%...

HLIB keeps buy on Bursa Malaysia, raises target price to RM7.95

One person has died and several more passengers have been injured after a Singapore Airlines Ltd flight encountered severe turbulence in the skies over Asia.

One dead after Singapore Air flight hit by severe turbulence

The deadline for the legalisation of private religious and tahfiz schools in Selangor has been extended to enable those institutions to fulfil several conditions for approval, especially on matters concerning safety.

Deadline for Selangor tahfiz, private religious schools' legalisation extended, says Amirudin

Pos Malaysia Bhd (KL:POS) said on Tuesday it is selling its ship chartering unit that mainly deals with bulk cargoes for RM123.21 million as part of a move to shed non-core businesses.

Pos Malaysia to sell non-core shipping unit for RM123m

Scale AI Inc, a startup that helps top tech companies improve the data used to build artificial intelligence products, has roughly doubled its valuation to US$13.8 billion (RM64.77 billion) and is raising US$1 billion in one of the largest financing deals of the year.

Scale valued at nearly US$14 bil with funding from Amazon, AMD

Glove manufacturer Kossan Rubber Industries Bhd (KL:KOSSAN) has posted its third consecutive quarter of profits in the first quarter, thanks to higher sales volume and lower natural gas prices.

Kossan logs third straight quarter of profits as volume climbs, gas price falls

A summary of how key Bursa Malaysia indices and the ringgit performed on Tuesday.

FBM KLCI drops 0.33% to 1,622.09 on May 21, 2024

National oil and gas (O&G) corporation Petroliam Nasional Bhd (Petronas) and its partners have reached the final investment decision for the so-called Kaminho project to develop the Cameia and Golfinho fields offshore Angola.

Petronas, partners reach final investment decision for Kaminho project off Angola

Tom Hayes, the former star trader who became the face of the Libor scandal, lost a first bid to appeal his near decade-old criminal conviction but was given some hope that he could go directly to the UK’s highest court.

Ex-UBS trader Tom Hayes denied UK Supreme Court chance

Shares in Pintaras Jaya Bhd (KL:PTARAS) rose to their highest in 14 months, though analysts remained doubtful of further gains, as the earthworks company homed in on the consensus target price.

Pintaras Jaya rises to 14-month high after announcing 3Q results

Egg producer LTKM Bhd’s (KL:LTKM) net profit jumped 91.25% to RM17.86 million in fourth quarter ended March 31, 2024 (4QFY2024) from RM9.34 million a year earlier, thanks to fair value gain on investment properties.

LTKM 4Q net profit up by 91% driven by fair value gain on investment properties 

Northcape Capital Ltd said a bid by major shareholders to take Malaysia Airports Holdings Bhd private may face opposition due to the low valuation offered.

Malaysia Airports shareholder expresses doubt on takeover bid

Public Bank Bhd (KL:PBBANK), Malaysia’s third-largest bank by assets, is on course to achieve an earnings forecast of RM6.96 billion for the financial year ending Dec 31, 2024 (FY2024), with its first-quarter results aligning with analysts’ expectations.

Public Bank on course to hit FY2024 earnings target on better outlook, say analysts

Hartalega Holdings Bhd (KL:HARTA) notched a turnaround in its final quarter thanks partly to a provision reversal that also helped to bring the world’s second-largest glovemaker by volume back into the black for the year.

Hartalega returns to the black for 4QFY2024

Malaysia and Japan are set to confirm their cooperation in strengthening semiconductor supply chains at a meeting later this week, according to Japanese daily The Mainachi.

Malaysia, Japan set to confirm semicon supply chain tie-up — report

RHB Banking Group has launched Apple Pay for its customers in Malaysia.

RHB offers Apple Pay to its customers in Malaysia

The Federation of Investment Managers Malaysia (FIMM) recently reprimanded eight former unit trust scheme (UTS) and/or private retirement scheme (PRS) consultants for their misconducts/breaches of the FIMM’s Consolidated Rules (FCR), Code of Ethics and Rules of Professional Conduct (Second Edition), or&nbsp;Code of Ethics (Third Edition).

FIMM reprimands eight former unit trust and private retirement scheme consultants

Shares in Menang Corp (M) Bhd (KL:MENANG) rose to their highest in nearly nine months after the property development and management company declared a special dividend amid six-year-high quarterly earnings.

Menang shares close in on nine-month high on special dividend, earnings

Automotive seat manufacturer Feytech Holdings Bhd (KL:FEYTECH) ended its maiden trading day on Bursa Malaysia's Main Market with a 37.5% gain on Tuesday.

Feytech ends maiden trading day with 37.5% gain on Main Market

The proposed fuel subsidy rationalisation by the government could impact the local automotive market, which houses its major customers, primarily consisting of automotive vehicle original equipment manufacturers (OEMs), according to automotive seat manufacturer Feytech Holdings Bhd (KL:FEYTECH).

Feytech expects proposed subsidy rationalisation to impact automotive market

Affin Bank Bhd (KL:AFFIN), the financial services arm of the Armed Forces Fund&nbsp;Board (LTAT), said on Tuesday its net profit down was 26% lower year-on-year (y-o-y) in the first quarter, on lower net interest income and other income.

Affin Bank's 1Q net profit down 26% as net interest income falls

KTI Landmark Bhd expects to raise RM48&nbsp;million under its listing exercise on the ACE Market of Bursa Malaysia.

In a statement on Tuesday, the Sabah-based integrated property developer said it plans to use RM20.7 million (43.1%) of the proceeds raised from the initial public offering (IPO) to supplement its general working capital requirements for The Logg&nbsp;project, which include construction cost (building and infrastructure cost), consultants’ and professional fees, and local authority fees for the ongoing projects.

KTI Landmark to raise RM48m from ACE Market IPO

Rakuten Trade said Bahvest Resources Bhd (KL:BAHVEST) is poised for a potential bullish breakout from the U-shape pattern, targeting to surpass the neckline of 61 sen.

Bahvest poised for potential bullish breakout, says Rakuten Trade 

Bersatu Information Chief Datuk Wan Saiful Wan Jan was never involved in any of the government committees that had awarded the ‘Central Spine Road: Sertik to East Coast Highway Intersection’ contract to Nepturis Sdn Bhd, the Sessions Court was told on Tuesday.

Wan Saiful not involved in committees awarding Jana Wibawa contracts, says witness

Shares in Pintaras Jaya Bhd (KL:PTARAS) rose to their highest in 14&nbsp;months, though analysts remained doubtful of further gains, as the earthworks company homed in on the consensus target price.

Sunway Construction Group Bhd (KL:SUNCON) retreated on Tuesday from its all-time high amid weaker-than-expected results and growing market concerns that its shares may have peaked after beating the consensus target price.

SunCon shares off record high after below-view 1Q amid analyst downgrades

Crypto prices have surged on signs of momentum toward US approval of exchange-traded funds investing directly in second-largest token Ether, a shift from a more downbeat outlook as recently as last week.

Crypto lifted by ether’s biggest jump since 2022 on ETF outlook

Tencent Holdings Ltd suspended the highly anticipated Dungeon &amp; Fighter Mobile within an hour of its Chinese debut Tuesday, suggesting strong initial demand for a blockbuster title that investors hope will drive revenue growth in 2024.

Tencent suspends blockbuster game within an hour of China debut

Traders are pricing in a big move for Nvidia’s shares after the chipmaker reports earnings on Wednesday, though expectations for volatility are more muted than in the past, US options markets show.

Nvidia earnings could spark US$200b swing in shares, options show

Shares of Supercomnet Technologies Bhd (KL:SCOMNET) fell on Tuesday and may be on course for its worst day in 15 months after the medical device manufacturer reported a weaker-than-expected first quarter.

Supercomnet shares log worst day in 15 months after below-view 1Q

Hibiscus Petroleum Bhd's [KL:HIBISCS] net profit climbed by 42.37% to RM101.81 million in the third quarter ended March 31, 2024 (3QFY2024), from RM71.51 million a year ago, driven by strong oil and condensate prices of over US$90 (RM421.68) per barrel.

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