<div class=newsTextDataWrapInner><p>SINGAPORE (Nov 2): Food retail chain operator Breadtalk Group posted S$3.3 million of earnings in 3Q16, doubling from S$1.6 million a year ago on higher operating income from its bakery business.</p></div>

<div class=newsTextDataWrapInner><p>Revenue was down marginally by 2.7% to S$157.3 million as revenue from its food atrium business fell 11.4% to S$40.6 million. This was partially offset by revenue growth from the restaurant division. Revenue from its bakery division stood flat at S$78.6 million. Cost of sales also fell 7.7% to S$68.8 million.</p></div>

<div class=newsTextDataWrapInner><p>Operating income rose 8.7% to S$21.1 million. This was driven by a more doubling of sales in its bakery business to S$10.6 million. Operating income from its food atrium and restaurant businesses fell.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Share of results of associates saw a reversion of S$637,000 in losses in 3Q15 to earnings of S$131,000 in 3Q. At the same time, share of results of JVs went up nearly sevenfold to S$429,000.</p></div>

<div class=newsTextDataWrapInner><p>As at end Sept, cash and cash equivalents stood at S$112.5 million.</p></div>

<div class=newsTextDataWrapInner><p>Shares of Breadtalk closed 1 cent lower at 98 cents.</p></div>


SINGAPORE (Nov 2): Food retail chain operator Breadtalk Group posted S$3.3 million of earnings in 3Q16, doubling from S$1.6 million a year ago on higher operating income from its bakery business.

Revenue was down marginally by 2.7% to S$157.3 million as revenue from its food atrium busi...

Breadtalk’s 3Q earnings more than double to S$3.3 mil

Money manager Mario Gabelli is asking a judge to make the film and TV company Paramount Global hand over files about its merger with Skydance Media so investors can tell what controlling stockholder Shari Redstone is getting in the deal and whether it’s fair.

Gabelli pushes Paramount for files in fight over Skydance deal

Carzo Holdings Bhd, a fruit supplier listed on the LEAP Market, said its wholly-owned subsidiary Carzo Import (M) Sdn Bhd and its director have been sued by a China-based supplier over an outstanding payment of US$117,470.50 for fruits supplied to Carzo Import.

Fruit supplier Carzo sued by China-based supplier over unsettled debt

Global air cargo markets saw robust growth in demand in November 2024, with cargo tonne-kilometres surging by 8.2% compared to a year earlier, according to the International Air Transport Association (IATA).

This marked the 16th consecutive month of growth, it said in a statement on Thursday.

Global air cargo and passenger demand up by over 8% in November — IATA

New York's top court rejected on Thursday US President-elect Donald Trump's request to halt his sentencing for his conviction on criminal charges stemming from hush money paid to a porn star, court papers showed.

New York's top court denies Trump's bid to halt sentencing

India’s Tata Consultancy Services Ltd (TCS) reported earnings that missed analysts’ estimates, signalling overseas clients are still cautious in betting big on information technology (IT) projects.

Tata Consultancy Services misses estimates in sign IT spending yet to pick up

Senior political secretary to the Prime Minister Datuk Seri Shamsul Iskandar Mohd Akin has urged all parties to stop politicising the issue of an additional document regarding Datuk Seri Najib Razak’s purported house arrest.

Shamsul Iskandar urges all parties not to politicise issue of additional document

UBS is set to pay a minimum of hundreds of millions of dollars to settle Credit Suisse's violations of an earlier agreement with the US Department of Justice over customers in the US who evaded tax, the Wall Street Journal reported on Thursday.

UBS nears settlement over Credit Suisse tax evasion case — report

Health Minister Datuk Seri Dr Dzulkefly Ahmad on Thursday stressed the need for the government to invest more in preventive measures and focus on social determinants of health (SDH) to create a healthier population in Malaysia.

Govt need to invest more in preventive measures, social determinants of health — Dzulkefly

EVENING 5: Public Bank’s MGO for LPI Capital falls short of 50% acceptance level

EVENING 5: Five things you need to know today

<p>Malaysian construction stocks extended their decline on Thursday, amid wider market selldown sparked by worries of escalation in global trade tensions.</p>

<p>The retreat followed strong rallies of builders last year, which continued into the first week of 2025. “After having a good run, a healthy correction is expected, and any noise will trigger a pullback,” said Danny Wong, who manages assets worth over RM5 billion as the chief executive officer of Areca Capital.</p>


Malaysian construction stocks extend decline on data centre concerns

<p>The worst is over for Malaysian banks’ asset quality, and investors should take the opportunity to buy during near-term profit-taking for their solid loan growth and dividend yields, said MIDF Amanah Investment Bank.</p>


Worst is over for banks' asset quality, buy into selldown — MIDF

<p>Palm oil could hit as high as RM5,000 per tonne over the next few months, though the high prices are unlikely to be sustained beyond the first quarter, Hong Leong Investment Bank (HLIB) flagged.</p>


Palm oil could hit RM5,000 in next few months but unsustainable beyond 1Q — HLIB

<p>Tenaga Nasional Bhd (TNB) (KL:TENAGA), Malaysia's largest utility company, views data centres as highly attractive customers for its infrastructure projects, offering excellent returns on investment (ROI).</p>


TNB: Data centres 'best customers' for infrastructure investment

<p>Malaysia’s stock market will have little upside ahead following strong run-up even as economic growth remains intact, HSBC flagged on Thursday.</p>

<p>Valuations are not as appealing, especially when compared to elsewhere in Asean, HSBC said in a note.</p>


Malaysia stocks have little upside ahead after recent rally, says HSBC

<p>Public Bank Bhd's (KL:PBBANK) conditional mandatory takeover offer for the remaining shares of insurer LPI Capital Bhd (KL:LPI) that it does not own has lapsed, as it did not secure sufficient acceptances by the close of the offer on Thursday.</p>


Public Bank's MGO for LPI Capital closes without fulfilling 50% acceptance level

<p>Former Federal Land Development Authority (Felda) chairman Tan Sri Shahrir Samad has filed an application to disqualify the law firm of Messrs Lee Hishammuddin Allen &amp; Gledhill (LHAG) from representing Felda and its subsidiary Felda Investment Corporation Sdn Bhd (FIC) in its RM2 billion suit against him and 28 others, in relation to the KL Vertical City (KLVC) project.</p>


Shahrir wants law firm representing Felda and FIC to be disqualified; trial postponed

<p>Malaysia's neutral stance&nbsp;in the US-China tech cold war faces growing challenges moving forward, according to Professor Dr Chris Miller.</p>

<p>As the author of <em>Chip War: The Fight for the World’s Most Critical Technology</em>, Miller notes that Malaysia has benefited from trade diversion due to its neutrality, but sustaining this position will become more difficult.</p>


Expert warns of rising challenges to Malaysia's neutrality in US-China tech conflict

<p>Major shareholders of NPC Resources Bhd (KL:NPC) are in talks for a proposal that could lead to the&nbsp;Sabah-based palm oil producer being taken private at RM2.82 per share.</p>


NPC Resources' major shareholders in talks that could lead to privatisation — statement

<p>Malaysia's property sector will be mainly driven by the completion of mega infrastructure projects and the transition to new technologies this year, according to CBRE | WTW group managing director Tan Ka Leong at the media launch of the real estate consultancy's 2025 Market Outlook Report earlier on Thursday.</p>


CBRE | WTW: Mega infrastructure projects, new technologies to shape Malaysian real estate industry in 2025

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


Public Bank, LPI Capital, Dialog, Yinson, T7 Global, Hibiscus Petroleum, NPC Resources, MPHB Capital, Pos Malaysia, SMI

<p>Billionaire Elon Musk has held private discussions with allies about removing British Prime Minister Keir Starmer from his position before the next general election, the <i>Financial Times</i> reported on Thursday.</p>


Musk discussed ways to oust British PM Starmer before next election — report

<p>MPHB Capital Bhd (KL:MPHBCAP), which is involved in the credit services and property businesses, said that its shares will be suspended, effective from Jan 22, to facilitate the company’s selective capital reduction before it is taken private.</p>


MPHB Capital shares to be suspended from Jan 22 until delisting

<p>Oil-and-gas services firm T7 Global Bhd (KL:T7GLOBAL) said on Thursday it has been awarded a six-month contract with undisclosed value.</p>

<p>The contract involves maintenance, construction, and modification (MCM) for Hibiscus Petroleum Bhd’s (KL:HIBISCS) production asset, T7 Global said in an exchange filing. The contract runs from Dec 19, 2024, and comes with an optional six-month extension at the client’s discretion.</p>


T7 Global gets six-month contract from Hibiscus Petroleum

<p>Yinson Production, the offshore business arm of Yinson Holdings Bhd (KL:YINSON), said on Thursday that its floating production storage and offloading (FPSO) vessel, FPSO&nbsp;<i>Atlanta</i>, has achieved first oil in Brazil.&nbsp;</p>


Yinson's FPSO Atlanta in Brazil hits first oil

<p>Malaysia aims to become the region's conduit for electricity, talent, and supply chain diversification, while also strengthening its position in oil and gas, semiconductors, and Islamic finance&nbsp;this year, said Prime Minister Datuk Seri Anwar Ibrahim.</p>


Malaysia aims to be conduit for electricity, talent, and supply chain diversification in 2025, says PM

<p>Malaysia aims to locally produce its own graphics processing unit (GPU) chips in the next five to 10 years, in line with the increasing demand from data centres, according to Economy Minister Rafizi Ramli.</p>


Malaysia aims to locally produce graphics processing unit chips within 5-10 years, Rafizi says

<p>Former prime minister Datuk Seri Najib Razak has denied that his defence team's recent challenge of the charges against him was a last-minute attempt to mount a technical challenge, in the face of overwhelming evidence, to have the charges dismissed.</p>


1MDB-Tanore: Najib denies making last-ditch attempt to dismiss his case on a technicality in face of overwhelming evidence against him

<p>A summary of how key Bursa Malaysia indices and the ringgit performed on Thursday.&nbsp;</p>


FBM KLCI down 0.87% to 1,600.81 on Jan 9, 2025

<p>theedgemalaysia.com highlighted five stocks with momentum at Bursa Malaysia’s afternoon close on Thursday. Three stocks showed positive momentum, while the rest showed negative momentum.</p>
