<div class=newsTextDataWrapInner><p>KUALA LUMPUR (March 17): Poh Huat Resources Holdings Bhd (KL:<a href="/askedge/klse/7088" class="ce-stock" target="_blank">POHUAT</a>) saw its first-quarter net profit fall 7.98% to RM9.48 million from RM10.30 million a year earlier, &nbsp;due to higher material costs and factory overheads, amid lower capacity utilisation in its Vietnam factories.</p></div>

<div class=newsTextDataWrapInner><p>Earnings per share in the first quarter ended Jan 31, 2025 (1QFY2025) slipped to 3.58 sen from 3.89 sen a year ago, the furniture maker showed in a bourse filing on Monday.</p></div>

<div class=newsTextDataWrapInner><p>Quarterly revenue rose 3.90% year-on-year to RM136.25 million from RM131.14 million, driven by stronger office furniture orders from the company's Malaysian operations. This was partly mitigated by lower demand from the Vietnam factories.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Moving forward, Poh Huat flagged uncertainty from US trade policies, a softening US housing market, and currency volatility as key risks.</p></div>

<div class=newsTextDataWrapInner><p>“The volatility of the US dollar against most currencies, including the ringgit, will just bring more uncertainties to the group,” the company said, adding that it will<br />
adjust its strategies to navigate the challenges and identify opportunities.</p></div>

<div class=newsTextDataWrapInner><p>Poh Huat&nbsp;shares closed unchanged at RM1.22 on Monday, giving the company a market capitalisation of RM340 million. The counter has dropped 17% over the past one year.</p></div>


Poh Huat Resources Holdings Bhd (KL:POHUAT) saw its first-quarter net profit fall 7.98% to RM9.48 million from RM10.30 million a year earlier,  due to higher material costs and factory overheads, amid lower capacity utilisation in its Vietnam factories.

Poh Huat's 1Q net profit drops 8% on higher costs, lower capacity utilisation in Vietnam factories

Euro-area pay growth is poised to slow sharply in the third quarter of 2027, encouraging news for the European Central Bank as it battles inflation driven by the Iran war.

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Eurozone inflation rose to a three-year high last month on expensive energy and was set to rise further in the coming months, likely firming up market bets for another European Central Bank rate hike in December.

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Data centre engineering services provider MyDCD Bhd’s initial public offering (IPO) was oversubscribed by 36.46 times for the Malaysian public portion ahead of its ACE Market listing on Nov 17.

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Mega Fortris Bhd (KL:MEGAFB) shares continued to slide on Wednesday, hitting an intraday low of RM2.07 and erasing significant gains from its two-day rebound earlier this week.

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Binastra Corporation Bhd (KL:BNASTRA) has secured a RM303.8 million contract from PTT Synergy Group Bhd (KL:PTT) to build an automated warehouse facility in Bandar Bukit Raja, Klang, Selangor.

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A total of 598 high-profile individuals, including prominent figures (VVIPs), members of parliament and state assemblymen, have been identified for failing to pay Social Security Organisation (Perkeso) contributions for their domestic workers.

Ramanan: 598 high-profile individuals among employers failing to pay Perkeso contributions

About 80 protesters gathered outside the venue of the Roundtable on Sustainable Palm Oil's (RSPO) annual conference, demanding that the certification body and its member companies be held accountable for forest fires and haze in Indonesia.

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About 14,500 hectares, or less than 1%, of the more than 1.9 million hectares affected by fires across Indonesia between January and September 2026 were within Roundtable on Sustainable Palm Oil (RSPO)-certified concessions, said RSPO chief executive officer Joseph D’Cruz.

Less than 1% of Indonesia’s fire-affected land falls within RSPO-certified concessions 

Cryptocurrencies recovered on Wednesday from overnight losses triggered by the Democrats winning control of both houses of the US Congress in the midterm elections, a potential blow to an industry that has sought faster deregulation for digital assets.

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<p>Tan Sri Muhammad Shafee Abdullah, the lead defence counsel for imprisoned Datuk Seri Najib Razak, said that he has no knowledge of rumours that the former prime minister is expected to pay the RM50 million fine on Wednesday, which would pave the way for Najib to start serving his house arrest.</p>


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<p>Local independent palm oil millers could face a hard time selling their crude palm oil (CPO) over the next two months as refineries move to halt deliveries amid record-high inventories, according to industry sources.</p>


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<p>Global stocks and the dollar recovered on Wednesday from lows hit overnight after Democrats won control of both the Senate and the House in the US midterm elections, which has fuelled fears that rapid artificial intelligence (AI) sector growth could be hamstrung by regulatory scrutiny.</p>


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<p>The ECM Libra Foundation and CVSKL Foundation have teamed up to provide affordable health screenings for serving and former journalists struggling to afford medical care.</p>


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<p>Oriental Kopi Holdings Bhd (KL:KOPI) appears unscathed from a public uproar over its menu language, with little impact on revenue and minimal cost, said an analyst.</p>


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<p>SINGAPORE (Nov 4): UOB announced net profit of S$1.25 billion for the 3QFY2026 ended Sept 30, down 15% quarter-on-quarter and 10% below the Street’s forecast of S$1.376 billion as other non-interest income (non-II) fell by 41% q-o-q to S$370 million.&nbsp;</p>


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<p>If Bank Negara Malaysia (BNM) implements a surprise overnight policy rate (OPR) hike on Thursday, banks with higher domestic loans and floating-rate loans would be the primary beneficiaries while leaving other banks behind, according to an analyst from BIMB Securities Sdn Bhd.</p>


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<p>Sime Darby Property Bhd (KL:SIMEPROP) is laying the groundwork for its future growth, as it explores two primary avenues for expansion, including a potential&nbsp;real estate investment trust (REIT)&nbsp;listing by 2028, according to Maybank Investment Bank.</p>


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<p>Malaysia’s bond market, highly-convinced of a policy rate hike this week, will be proven wrong once again, according to BIMB Securities.</p>


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<p>IOI Corp Bhd (KL:IOICORP) is looking to lease out more of its plantation land for solar projects as it seeks to diversify its income streams beyond palm oil, said group managing director and CEO Datuk Lee Yeow Chor.</p>


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<p>The government on Wednesday announced the formation of an independent board to provide leadership, oversight, and monitoring of MediAsas plans moving forward.</p>


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<p>KUALA LUMPUR (Nov 4): Yes Group Management Bhd is accepting applications for its shares at 18 sen per share for the travel agency’s listing on the ACE Market.</p>


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<p>Princeton Digital Group (PDG) has secured US$1.3 billion (RM5.3 billion) in green financing for its JH1 campus in Johor.</p>


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<p>The Malaysian Anti-Corruption Commission (MACC) has arrested three individuals, including a Datuk, for allegedly offering about RM1 million in bribes to police personnel.</p>


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<p>The Youth and Sports Ministry will not approve the Hyrox Kuala Lumpur 2026 event, scheduled to take place from Dec 10 to 13, unless the sponsorship from an alcoholic beverage company is withdrawn entirely.</p>
