There is a Chinese proverb  that says when brothers are united, their strength would be as powerful as a sword that can slash metal. Essentially, it means that nothing is impossible when brothers unite to achieve a mission.

Press Metal Aluminium Holdings Bhd, a multi-billion-ringgi...

Company Of The Year: BIG CAP COMPANIES — RM10 BILLION TO RM40 BILLION MARKET CAPITALISATION, Industrial Products & Services: Press Metal Aluminium Holdings Bhd - From a small seed, a giant has grown

AirAsia Group Bhd is not known for taking things slowly. In the three years between the financial year ended Dec 31, 2016 (FY2016), and FY2018, Asia’s biggest budget airline had seen plenty of ups and downs, yet its profit after tax still grew by 363.5% in that time frame.

From RM541.2 ...

Highest growth in profit after tax over three years: CONSUMER PRODUCTS & SERVICES: AirAsia Group Bhd - Fights hard for better earnings and lower costs

Matrix Concepts Holdings Bhd’s shareholders should be a happy lot as the property developer has been paying regular dividends despite the prolonged slowdown in the domestic property market.

The group declared a dividend of 13.5 sen per share for the financial year ended March 31, 2018 (...

Highest return on equity over three years, Highest Returns to Shareholders over three years: PROPERTY — below RM3 billion market capitalisation: Matrix Concepts Holdings Bhd - Business as usual despite property downturn

UEM Sunrise Bhd, the flagship company for the township and property development businesses of UEM Group Bhd and Khazanah Nasional Bhd, is becoming one of the country’s leading property developers.

The group ended its financial year ended Dec 31, 2018 (FY2018), with a phenomenal growth i...

HIGHEST GROWTH IN PROFIT AFTER TAX OVER THREE YEARS: PROPERTY (RM3 BIL AND ABOVE MARKET CAPITALISATION): UEM Sunrise Bhd - Perseveres with ambitious plans despite slow property market

While the construction industry is facing various challenges such as volatile raw material prices, higher labour costs and intense competition that eats into companies’ margins, Kerjaya Prospek Group Bhd has been able to maintain its strong pipeline of contracts over the past three years.

...

Highest growth in profit after tax over three years, Highest Returns to Shareholders over three years: CONSTRUCTION: Kerjaya Prospek Group Bhd - No shortage of contracts in the pipeline

Few things make investors happier than seeing an upward trend in a company’s share price and receiving regular dividends. Shareholders of Hong Leong Bank Bhd have been enjoying precisely these over the past three years.

The stock has climbed 63%, from RM12.353 to RM20.30, between April ...

Highest Returns to Shareholders over three years, SUPER BIG CAP — ABOVE RM40 BILLION MARKET CAPITALISATION: Financial Services (RM10 bil and above market capitalisation): Hong Leong Bank Bhd - Delivers Despite Challenges

On July 23, Prime Minister Datuk Seri Dr Mahathir Mohamad launched the National Strategy for Financial Literacy 2019-2023. The strategy sets out priorities and action plans to equip Malaysians with the knowledge they need to make informed financial decisions and nurture healthy attitudes towards ...

Helping to make youth financially savvy

Despite patchy global economic prospects in the past three years, for Gas Malaysia Bhd, there has been only one direction for its earnings and shareholder returns: up.

In the three-year period between the financial year ended Dec 31, 2016 (FY2016), and FY2018, Gas Malaysia saw nearly 70...

Highest return on equity over three years, Highest growth in profit after tax over three years: UTILITIES: Gas Malaysia Bhd - Rising earnings and returns like no other

Mega First Corp Bhd lost two income generators last year as two of its power plants in China and Sabah respectively were discontinued. But this did not affect the company’s financial performance.

Furthermore, its shareholders have enjoyed the highest returns over three years in the util...

Highest Returns to Shareholders over three years: UTILITIES: Mega First Corp Bhd - Don Sahong hydropower DAM DRIVES POWERFUL EARNINGS GROWTH

The rising traffic volume in the Klang Valley speaks well for Lingkaran Trans Kota Holdings Bhd’s (Litrak) earnings growth over the past few years.

Litrak operates several intra-Kuala Lumpur toll roads. It wholly owns the Damansara-Puchong Expressway (LDP) and holds a 50% stake in Siste...

Highest return on equity over three years, Highest growth in profit after tax over three years: TRANSPORTATION & LOGISTICS: Lingkaran Trans Kota Holdings Bhd - Urbanisation Sustains Steady Earnings Growth

Astro Malaysia Holdings Bhd recorded it highest ever profit after tax (PAT) in its financial year ended Jan 31, 2018 (FY2018), in an environment of declining advertising expenditure.

The group attributed its sterling performance to its increasingly diversified revenue base and relentles...

Highest growth in profit after tax over three years: Telecommunications & Media: Astro Malaysia Holdings Bhd - Banking on solid fundamentals for challenges ahead

In an increasingly challenging telecoms landscape, Time dotCom Bhd stands out in terms of the returns it has delivered over the past three financial years.

If a shareholder had bought the stock on March 31, 2016, and exited on March 31, 2019, they would have obtained an average return o...

Highest Returns to Shareholders over three years: TELECOMMUNICATIONS & MEDIA: Time dotCom Bhd - Sole player with rising share price

Malaysia Airports Holdings Bhd’s (MAHB) earnings for the past three financial years between the financial year ended Dec 31, 2016 (FY2016) and FY2018 increased by leaps and bounds.

In FY2016, its net profit rose 72% to RM70.4 million, from RM40.9 million the year before. Growth was even...

Highest Returns to Shareholders over three years: Transportation and logistics: Malaysia Airports Holdings Bhd - Earnings grow by leaps and bounds

Global sales of semiconductors rose to a new high of US$468.8 billion last year, according to World Semiconductor Trade Statistics (WSTS). This speaks well for the industry worldwide, including Malaysia’s.

The explosion of applications of connected devices translates into more orders fo...

Highest growth in profit after tax over three years: TECHNOLOGY (JOINT-WINNER): Frontken Corp Bhd - Global Semiconductor Sales Growth Fuelled Group’s Profits

As Malaysia aims to achieve high-income status, it needs to improve its human capital outcomes to match those of high-income countries.

Aspiring to high-income status: Education matters

KUALA LUMPUR (May 8): Global sales of semiconductors jumped 15.2% year-on-yera in the first quarter of 2024 to total US$137.7 billion during the first quarter of 2024, according to the US-based Semiconductor Industry Association (SIA).

In a statement on Tuesday, the industry association...

First-quarter global semicon sales jumped 15.2% y-o-y to  US$137.7 billion, says SIA 

(May 8): Currency markets have started pricing in elevated foreign exchange volatility around the US vote on Nov. 5, even with election day almost six months away.

That concern is particularly pronounced in options betting on the Chinese offshore yuan, with the spread between six- and t...

US election risks are starting to show up in foreign exchange markets

(May 8): China-based ByteDance Ltd. made clear it won’t comply with a new US law requiring it to sell its popular TikTok video-sharing app, setting up what likely will be a prolonged court battle pitting free-speech rights against national-security interests that could end up at the Supreme Court...

TikTok lawsuit sets stage for prolonged legal fight over US ban

(May 8): Donald Trump’s criminal trial for allegedly mishandling classified documents has been postponed indefinitely in a blow to the Justice Department’s efforts to obtain a jury verdict before November’s presidential election.

US District Judge Aileen Cannon, who is overseeing the cr...

Trump judge indefinitely postpones documents case trial

(May 8): Reddit Inc. jumped more than 10% in extended trading after reporting quarterly sales that topped analysts’ estimates, impressing investors in its first results as a public company.

Revenue increased 48% to US$243 million in the period ended March 31, the social media company sa...

Reddit gains after strong sales in first report since IPO

(May 8): The S&P 500 and Dow Jones Industrial Average both clung onto gains to ended slightly higher on Tuesday, extending recent winning streaks fueled by renewed expectations that the Federal Reserve will cut interest rates this year.

The advances pushed the S&P 500 to a fourt...

S&P, Dow end slightly up, extend closing streaks despite Disney drag

NEW YORK (May 8): Wall Street pared earlier gains on Tuesday after equity markets elsewhere rallied as investors parsed when and by how much the Federal Reserve cuts interest rates this year, while a resurgent dollar helped weaken the yen further.

MSCI's gauge of global stock performanc...

Wall St loses steam, dollar gains as investors mull rate cut timing

PARIS (May 8): Borussia Dortmund showed great composure to reach their third Champions League final after Mats Hummels' second-half goal earned the visitors a 1-0 victory against misfiring Paris St Germain for a deserved 2-0 aggregate win on Tuesday.

Hummels headed home from a corner fi...

Hummels on target as composed Dortmund knock PSG out to reach final

NEW YORK (May 8): Porn star Stormy Daniels described her 2006 encounter with Donald Trump in unflattering terms at his criminal trial on Tuesday, testifying she tried not to think about the sex while it took place and feared it would become public.

For several hours Daniels, 45, offered...

Stormy Daniels testifies she had sex with Trump, defense attacks her credibility

Global oil major Shell said on Tuesday that it remains "committed to the mobility business" in Malaysia, after a report that it was in talks with Saudi Aramco to sell its gas stations in the country.

Shell says it remains committed to mobility business in Malaysia

(May 7):&nbsp;Princeton Digital Group secured a US$280 million green loan to help finance a US$1.5 billion data centre it’s building in southern Malaysia, a first for the Asian infrastructure operator as it aims to get that complex operational by June.

Singapore-based Princeton Digital gets green loan for US$1.5b Asia AI hub in Johor

Here is a brief recap of some business news and corporate announcements that made the headlines on Tuesday.

Sime Darby Plantation, Pekat, Siab, OCK, Sapura Energy, CTOS, Awantec, Mobilia, Prolintas, Power Root

Sapura Energy Bhd’s joint venture companies (JVCos) have bagged contracts worth US$1.8 billion (RM8.53 billion) to provide engineering services via six pipe-laying support vessels.

Sapura Energy's JVs win US1.8b worth of contracts in Brazil

The takeover bid by Yinson Holdings Bhd’s major shareholder for Icon Offshore Bhd was made at 63.5 sen per share, as wellas 0.1 sen per warrant.

Yinson's major shareholder raises Icon stake to 56.67% as MGO closes

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EVENING 5: Five things you need to know today

KUALA LUMPUR (May 7): Following its record-breaking year in 2023, CTOS Digital Bhd posted a 25.6% year-on-year jump in its first quarter net profit this year, as it recorded higher revenue and lower tax expense following the approval of a tax incentive for its main subsidiary CTOS Data Systems Sdn Bhd (CDS).

CTOS kicks off FY2024 with 25% profit jump on higher revenue, lower taxes

BATU KAWAN (May 7): The semiconductor industry presents Malaysia with a once-in-a-generation opportunity for exponential economic growth, and industry players are advised to capitalise on this billion-dollar sector, said&nbsp;Deputy Investment, Trade and Industry Minister Liew Chin Tong on Tuesday.

Semiconductor industry offers Malaysia chance for exponential growth — deputy minister

AwanBiru Technology Bhd (Awantec) reported a net profit of RM2.14 million for its third quarter ended March 31, 2024 (3QFY2024), a significant turnaround from the net loss of RM1.99 million it incurred a year ago, as its software and services segment secured major contracts with higher revenue.

Awantec reports profit in 3Q as revenue jumps on new contracts

The Malaysian Communications and Multimedia Commission (MCMC) will sign a Memorandum of Understanding (MOU) with Microsoft on May 14 to develop a digitally skilled workforce, particularly in the artificial intelligence (AI) sector, through education.

MCMC, Microsoft to ink MOU on digital workforce cultivation next Tuesday — deputy minister 

Power Root Bhd's subsidiaries have successfully recovered trademark of its own “Ah Huat” brand for coffee and tea beverages, after reaching an amicable out-of-court settlement with its Indonesian distributor CV Ego Sun Star Sukses Mandiri (CV Ego) following an infringement wrangle that started in 2013.

Power Root reclaims ‘Ah Huat’ brand in Indonesia after decade-long trademark tussle 

Apple Inc unveiled a new artificial intelligence-focused iPad Pro and a larger iPad Air, aiming to reinvigorate a tablet lineup that has languished over the past two years.

Apple revamps iPads with AI-focused Pro model, bigger Air

Plunging prices for solar panels that have slashed profits across the sector don’t have much room to fall any further, according to the chairmen of two of the industry’s biggest firms.

China’s solar panel giants say prices are near the bottom

Urusharta Jamaah Sdn Bhd (UJSB) — a special purpose vehicle established under the Ministry of Finance to rehabilitate, restructure and monetise underperforming assets transferred to it from Lembaga Tabung Haji — has emerged as a substantial shareholder in Prolintas Infra Business Trust.

Urusharta Jamaah emerges as third largest shareholder in Prolintas Infra

(May 7):&nbsp;Cargoes of an oil product from Russia are building up at sea as South Korean buyers turn cautious, highlighting how the invasion of Ukraine is still impacting flows more than two years later.

Cargoes of Russian oil product naphtha stranded at sea as South Korea launches crackdown

GCH Retail (M) Sdn Bhd, the operator of Giant hypermarkets, said the courts are still deciding on the company’s tenancy dispute with its landlord over premises it is currently occupying in Batu Caves.

GCH Retail says Giant Batu Caves tenancy dispute with landlord still being decided by courts

Ferrari NV’s first-quarter earnings rose as the Italian manufacturer benefited from selling pricey supercars like the €2 million (RM10.2 million) Daytona SP3.

Ferrari earnings climb on demand for its most expensive models

KUALA LUMPUR (May 7):&nbsp;The strategic cooperation between the Malaysian Investment Development Authority (Mida) and the Ministry of Higher Education (MOHE) is expected to catalyse the country’s industrial growth, especially in supporting the development of&nbsp;more&nbsp;talents at the global level.&nbsp;

Mida’s strategic cooperation with Higher Education Ministry to accelerate local industrial growth — Zafrul

(May 7):&nbsp;PCCW Ltd, the telecommunications group controlled by Hong Kong tycoon Richard Li, is in advanced talks to sell a significant minority stake in its fiber business to China Merchants Group Ltd, according to people familiar with the matter.

Tycoon Richard Li said to near stake sale of telecom group’s fiber unit to China Merchants

US stock indexes rose on Tuesday, extending their recent run on expectations that the Federal Reserve will cut interest rates this year, while a drop in shares of Walt Disney following the company's quarterly results limited their gains.

The Edge Billion Ringgit Club 2019

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The Edge Billion Ringgit Club 2019

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