<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Nov 18): Pecca Group Bhd (KL:<a href="/askedge/klse/5271" class="ce-stock" target="_blank">PECCA</a>) has on Monday declared a special dividend of 1.5 sen per share for the financial year ended June 30, 2024 (FY2024), which amounts to RM11.28 million.</p></div>

<div class=newsTextDataWrapInner><p>This comes after the car upholstery maker posted a record high net profit of RM55 million in FY2024, 55.4% more than the RM35.4 million it made in FY2023. The surge in profit was mainly driven by higher production cost efficiency, in addition to sustained demand for the group’s products and services.</p></div>

<div class=newsTextDataWrapInner><p>Pecca’s total revenue in FY2024 rose 9.1% to RM242.42 million from RM222.26 million a year ago.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>The company is cash rich too. As at end-June, Pecca had a net cash balance of RM147.43 million, based on cash and bank balances of RM153.67 million and total borrowings of RM6.24 million.</p></div>

<div class=newsTextDataWrapInner><p>With the latest dividend, payable on Dec 13, Pecca’s total payout for FY2024 amounts to 6.5 sen per share.</p></div>

<div class=newsTextDataWrapInner><p>Based on the company’s full year earnings per share of 7.32 sen, the dividend payout ratio for FY2024 stands at 88.79%.</p></div>

<div class=newsTextDataWrapInner><p>Shares in Pecca closed unchanged at RM1.29 on Monday, giving it a market capitalisation of RM970.08 million. Year-to-date, the stock is relatively unchanged, with an indicative dividend yield of 3.88%.</p></div>


Pecca Group Bhd (KL:PECCA) has on Monday declared a special dividend of 1.5 sen per share for the financial year ended June 30, 2024 (FY2024), which amounts to RM11.28 million.

Pecca declares 1.5 sen special dividend, total dividend amounts to 6.5 sen per share

Manmohan Singh, the Gandhi family confidant who freed India’s economy from Soviet-inspired controls and was one of the country’s longest serving prime ministers, has died. He was 92.

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The Thai government’s campaign to pressure the Bank of Thailand to cut interest rates suffered a significant setback, with the Office of the Council of State effectively ruling that the official nominee to be chairman, former finance minister Kittiratt Na-Ranong, is not suitable.

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Richard Parsons, the executive dubbed “Captain Emergency” for his record of stabilising ailing companies such as AOL Time Warner, Citigroup Inc and Dime Savings Bank of New York, has passed away. He was 76.

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Chinese workers at a construction site in Brazil for a factory owned by China's electric vehicle producer BYD are victims of human trafficking, Brazilian labour authorities said on Thursday in a growing controversy in BYD's biggest overseas market.

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Japanese Prime Minister Shigeru Ishiba's cabinet on Friday approved a record US$730 billion (RM3.26 trillion) budget for the next fiscal year, while limiting new bond issuance to the lowest in 17 years on the back of record tax revenue.

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The Securities Commission Malaysia (SC) has ordered Bybit Technology Ltd to disable its website and mobile applications in the country as part of enforcement actions against the cryptocurrency exchange.

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<p>Shares of MyMBN Bhd (KL:MBN) fell on Friday to their lowest since listing 17 months ago and below its initial public offering price after the Malaysian government temporarily suspended bird's nest exports to China.</p>


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<p>Shares of Tenaga Nasional Bhd (KL:TENAGA) rose on Friday to their new record high as analysts flagged potential earnings upside from implementation of Regulatory Period 4 (RP4).</p>


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<p>The US Centers for Disease Control and Prevention said on Thursday its analysis of samples from the first severe case of bird flu in the country last week showed mutations not seen in samples from an infected backyard flock on the patient's property.</p>


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<p>Asian stocks wobbled on Friday while the dollar was steady, keeping the yen rooted near five-month lows in thin year-end trading as investors looked ahead to 2025, when the Federal Reserve is expected to be measured in its interest rate cuts.</p>


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<p>South Korea's acting president faces an impeachment vote on Friday, intensifying a political crisis as the Constitutional Court meets for its first hearing on suspended President Yoon Suk Yeol's short-lived martial law declared on Dec 3.</p>


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<p>The Securities Commission Malaysia (SC) has ordered Bybit Technology Ltd to disable its website and mobile applications in the country as part of enforcement actions against the cryptocurrency exchange.</p>


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<p>Chinese battery manufacturer CATL said it plans to seek a listing in Hong Kong, a Shenzhen Stock Exchange filing showed.</p>


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<p>Japanese manufacturing giant Nidec said on Friday it planned to launch a ¥257 billion (US$1.6 billion or RM7.27 billion) bid for Makino Milling Machine, a surprise unsolicited takeover offer in a country better known for agreed deals.</p>


<p>Chinese workers at a construction site in Brazil for a factory owned by China's electric vehicle producer BYD are victims of human trafficking, Brazilian labour authorities said on Thursday in a growing controversy in BYD's biggest overseas market.</p>


<p>As Donald Trump prepares to fulfill a lengthy list of campaign promises, the president-elect’s vow to ensure that all remaining Bitcoin is “made in the USA” may prove to be one of the most challenging to keep.</p>


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<p>China's industrial profits fell at a slower clip in November, official data showed on Friday, offering some respite to an embattled sector even as persistently soft domestic demand delays a recovery.</p>


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<p>As Covid swept across California in early 2020, pediatric infectious diseases physician Karin Nielsen grew alarmed by the crisis erupting in maternity wards. Pregnant women were placed on life support, undergoing emergency C-sections as the virus triggered severe complications. Some died.</p>


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<p>A less-than-perfect debut for the new season of Netflix Inc’s blockbuster series Squid Game sent shares of related South Korean companies sharply lower Friday.</p>


<p>Core inflation in Japan's capital accelerated in December while services inflation held steady, data showed on Friday, keeping alive market expectations for a near-term interest rate hike.</p>


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<p>Alexei Miller, the head of Russia's Gazprom&nbsp;said on Thursday the group's natural gas production is set to rise this year by 61 billion cubic metres (bcm) to around 416 bcm.</p>


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<p>South Korea’s business confidence deteriorated the most since the global outbreak of Covid-19, reflecting mounting concerns about an economy grappling with political turmoil and facing Donald Trump’s tariff threats.</p>
