<div class=newsTextDataWrapInner><p>（吉隆坡23日讯）由于主要业务的盈利下降，星报媒体（Star Media Group Bhd）首季净利按年下挫54.86%。</p></div>

<div class=newsTextDataWrapInner><p>该集团向大马交易所报备，截至3月杪2023财政年首季净利为114万令吉，或每股0.16仙，低于上财年同期的252万令吉，或每股0.35仙。</p></div>

<div class=newsTextDataWrapInner><p>首季营业额则从5267万令吉，微滑1%至5199万令吉。</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>展望未来，该集团表示，尽管消费者支出谨慎影响首季表现，但该公司仍具韧性，并称将继续提升营运效率。</p></div>

<div class=newsTextDataWrapInner><p>闭市时，该股跌2仙或4.65%，报41仙，市值为2亿9952万令吉。今年来则上涨了36%。</p></div>

<div class=newsTextDataWrapInner><p>&nbsp;</p></div>

<div class=newsTextDataWrapInner><p>（编译：陈慧珊）</p></div>

<div class=newsTextDataWrapInner><p>&nbsp;</p></div>

<div class=newsTextDataWrapInner><p><em>English version：</em><a href="https://theedgemalaysia.com/node/668211" target="_blank">Star Media’s 1Q net profit down 55% amid cautious consumer spending</a></p></div>


（吉隆坡23日讯）由于主要业务的盈利下降，星报媒体（Star Media Group Bhd）首季净利按年下挫54.86%。

该集团向大马交易所报备，截至3月杪2023财政年首季净利为114万令吉，或每股0.16仙，低于上财年同期的252万令吉，或每股0.35仙。

首季营业额则从5267万令吉，微滑1%至5199万令吉。

展望未来，该集团表示，尽管消费者支出谨慎影响首季表现，但该公司仍具韧性，并称将继续提升营运效率。

闭市时，该股跌2仙或4.65%，报41仙，市值为2亿9952万令吉。今年来则上涨了36%。<...

星报媒体首季净利挫55%

A brief recap of some business news and corporate announcements that made headlines on Monday.

Media Prima, HeiTech Padu, Uzma, Dayang, Hibiscus, Sapura Resources, Dialog, Tuju Setia, Ramssol, HE Group

Prime Minister Datuk Seri Anwar Ibrahim says Malaysia will continue to voice its views on global issues strongly and without fear or favour if and when it joins the BRICS group of emerging economies whose founding members include Russia and China.

Malaysia will voice its views without fear or favour despite superpower membership in BRICS

Gold prices eased on Monday as the US dollar held strong and recent employment data prompted investors to scale back expectations of a big rate cut from the Federal Reserve in November.

Spot gold fell 0.3% to US$2,645 per ounce by 9.55am ET (1355 GMT), off a record peak of US$2,685.42 hit on Sept 26.

US gold futures GCcv1 eased 0.1% to US$2,664.70.

Gold retreats on strong dollar, fading hopes of big US rate cut

Malaysia must showcase its ability as a multiracial and multireligious nation to thrive through good governance and tolerance, says Prime Minister Datuk Seri Anwar Ibrahim.

Malaysia must showcase ability as a multiracial, multireligious country — PM 

Prime Minister Datuk Seri Anwar Ibrahim has strongly criticised Western countries for their perceived hypocrisy in handling the Gaza conflict during an exclusive interview with US-based broadcaster and political commentator, Mehdi Hasan.

Anwar condemns Western hypocrisy on Gaza in interview with US-based broadcaster

Germany's economic model is not broken but Europe's biggest economy has lost competitiveness over the past decade, German Finance Minister Christian Lindner said on Monday.

Germany's economic model is not broken, finance minister says

US stock indexes fell on Monday, pressured by rising treasury yields as markets recalibrated expectations for the Federal Reserve (Fed) rate cuts, while rising conflict in the Middle East kept traders on the sidelines.

Wall Street falters on rising yields, geopolitical risks

ITMAX System Bhd (KL:ITMAX) said it has secured a 15-year contract to operate 8,640 open-space smart parking lots in Muar, marking its fifth such contract in Johor state.

The contract, awarded to the group's 65%-owned subsidiary Southmax Sdn Bhd by the Muar Municipal Council (MPM), commenced on Oct 1 and will run until Sept 30, 2039, according to ITMAX's bourse filing.

ITMAX secures 15-year smart parking contract in Muar

Crude palm oil (CPO) futures on Bursa Malaysia Derivatives closed higher on Monday, bolstered by strength in the crude oil market amid escalating tensions in the Middle East, said palm oil trader David Ng.

CPO futures close higher amid Middle East tensions, crude oil rally

Sapura Resources Bhd (KL:SAPRES) announced on Monday that its managing director Datuk Shahriman Shamsuddin has been placed on a leave of absence effective Sept 11, pending ongoing investigations, confirming a report in The Edge Malaysia weekly.

Sapura Resources confirms MD on leave of absence pending investigations

<p>ONE of the three shareholders of Sapura Holdings Sdn Bhd — Datuk Shahriman Shamsudin — filed a petition with the High Court on Sept 23 to wind up the family’s investment vehicle, according to a court document.</p>

<p>Shahriman and his elder brother Tan Sri Shahril Shamsudin own a direct stake ...

Sapura Holdings gets winding-up petition from shareholder

<p>Bathroom and kitchen ware firm Sorento Capital Bhd has priced its initial public offering (IPO) at 37 sen per share to raise RM84.73 million on the ACE Market.</p>

<p>The proposed IPO involves public issue of 155 million new shares and an offer for sale of up to 74 million existing shares, according to the prospectus launched on Monday. All in all, the listing offers investors up to 26.62% stake in the company.</p>


ACE Market-bound Sorento Capital sets IPO at 37 sen a share to raise up to RM84.7m

<p>Malaysia continued to build up foreign reserves and amassed the biggest hoard in nearly a decade at the end of September, according to the central bank.</p>

<p>The latest international reserves totalled US$119.7 billion, the most since Dec 15, 2014, compared with US$117.6 billion at Sept 13, Bank Negara Malaysia (BNM) said in a statement on Monday. The reserves level has taken into account the quarterly foreign exchange revaluation changes.</p>


Malaysia continues to amass forex reserves, now at US$119.7 bil

<p>Top Glove Corporation Bhd (KL:TOPGLOV), the world’s largest glovemaker by volume, will likely report a smaller net loss in its final quarter thanks to higher sales, said RHB Investment Bank.</p>

<p>Core loss will likely come in between RM2 million and RM5 million for the quarter ended Aug 2024 (4QFY2024) versus RM53.5 million in the 3QFY2024 as sales grew 20%, RHB said in an earnings preview. That would bring FY2024’s net loss to RM175 million, sharply below FY2023’s RM517 million.</p>


Top Glove's core net loss likely smaller in 4Q on higher sales

<p>THE 1997/98 Asian financial crisis (AFC), which led to severe currency devaluation and a bloodbath in the region’s stock markets, bankrupted many businesses and investors. It was a painful lesson that deeply scarred Asian investors and many have since shied away from the stock market.</p>

<p>B...

Stocks you wish you had bought in September 1998

<p>Kenanga Research named a few commodity and consumer stocks as potential "outflow hedge" amid capital outflows from regional equity markets, including Malaysia, in response to Chinese stimulus measures.</p>

<p>The research firm noted that since the Chinese stimulus measure was announced, Asean equity markets saw broad-based outflows in early October, especially in Malaysia which was unsurprising on strong performance of 20% year to date gain in the FBM KLCI in dollar terms.</p>


Kenanga names commodity, consumer stocks as 'hedge' against outflow amid China economic stimulus

<p>Aurora Mulia Sdn Bhd, a company linked to tycoon Tan Sri Syed Mokhtar Al-Bukhary, has exited Media Prima Bhd (KL:MEDIA) after five years as the largest shareholder in the media group.</p>


Syed Mokhtar-linked firm exits Media Prima after offloading 31.9% stake

<p>Johor will revert&nbsp;its weekend holidays to Saturday and Sunday, effective from&nbsp;Jan&nbsp;1,&nbsp;2025.</p>


Johor to revert weekend to Saturday and Sunday in 2025

<p>Top Chinese chipmaker Semiconductor Manufacturing International Corp (SMIC) led a US$13 billion (RM55.58 billion) sector rally, after investors bet that Beijing will declare more policy or financial support for an industry central to its geopolitical ambitions.</p>


Chinese chip stocks gain US$13b on talk of Beijing stimulus

<p>KUALA LUMPUR (Oct 7): Malaysia will continue to pursue structural reforms as recent measures have proven effective, judging from the strengthening ringgit, rising investment, and better economic growth, said Prime Minister Datuk Seri Anwar Ibrahim.</p>


PM: Malaysia to persist with structural reforms as recent measures had borne fruit

<p>KUALA LUMPUR (Oct 7): HeiTech Padu Bhd (KL:HTPADU) has terminated its agreement to acquire a 30% stake in Souqa Fintech Sdn Bhd, less than two weeks after entering into the share subscription agreement (SSA).</p>


HeiTech Padu aborts Souqa Fintech deal less than two weeks after agreement

<p>Leong Hup International Bhd (KL:LHI) is expected to report stronger earnings in the second half of 2024 on better product prices and foreign exchange cost savings, Maybank Investment Bank said.</p>


Leong Hup to report stronger earnings on better product prices, forex cost savings — Maybank

<p>Malaysia’s property transaction values hit RM105 billion in the first half of this year from almost 199,000 transactions, making these the highest transaction values and volume in the last five years.</p>

<p>Based on a back-of-the-envelope calculation hinged on unchanged market sentiment in th...

The REAL deal: Malaysia’s home prices 30 years ago

<p>KUALA LUMPUR (Oct 7): Hibiscus Petroleum Bhd (KL:HIBISCS) said that it has completed the farm-in arrangement with Petronas Carigali Sdn Bhd to acquire a 30% participation interest in the PM327 production sharing contract (PSC).</p>


Hibiscus completes 30% stake acquisition in largest Peninsular Malaysia offshore block

<p>KUALA LUMPUR (Oct 7): Government-linked investment companies (GLIC), and government-owned entities in general have the responsibility to “crowd in” private investors and other stakeholders when investing to develop Malaysia’s economy, said Khazanah Nasional Bhd managing director Datuk Amirul Feisal Wan Zahir.</p>


GLICs should ‘crowd in’ private players, says Khazanah MD

<p>Northeast Group Bhd (KL:NE) said on Monday that the public portion of its initial public offering (IPO) has been oversubscribed by 73.42 times ahead of listing on the ACE Market.</p>


Investors snap up Northeast Group's shares, IPO's public portion oversubscribed by 73 times

<p>KUALA LUMPUR (Oct 7): Generator rental services provider Express Powerr Solutions (M) Bhd has filed its prospectus exposure for its initial public offering (IPO) with Bursa Malaysia.</p>


Power generator rental services provider Express Powerr files prospectus exposure

<p>The European Union’s (EU) decision to impose tariffs on Chinese electric vehicles (EVs) has moved the focus to how and when Beijing will retaliate for the escalation in its biggest trade dispute with the bloc in years.</p>


EU backers of China EV tariffs face biggest risk of retaliation

<p>UK Prime Minister Keir Starmer replaced his top aide, and the Treasury acknowledged that key tax-raising plans were under review, as the Labour government tried to correct course from what even allies say has been a rocky three months in power.</p>


UK PM Starmer forced into messy reset less than 100 days in

<p>Tuju Setia Bhd (KL:TJSETIA), which is valued at RM66.5 million, said its joint venture (JV) company has secured a RM317.6 million contract to build a new block at Gleneagles Hospital in Jalan Ampang.</p>
