<div class=newsTextDataWrapInner><p>(Sept 28): Fast-fashion platform Shein returned to profit in the second quarter and made US$11.08 billion (RM45.2 billion) in sales, but warned about an uncertain second half as it unveiled its first results as a public company on Monday.</p></div>

<div class=newsTextDataWrapInner><p>An increase in total orders fulfilled supported a more than 20% sequential jump in Shein's second-quarter net revenue, although the Iran conflict continued to impact its Middle East operations.</p></div>

<div class=newsTextDataWrapInner><p>The Singapore-headquartered online retailer posted a net income of US$2.40 billion for the quarter ended June 30, compared with a net loss of US$99 million in the previous quarter.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Shein said its Europe sales decreased by nearly 14% to US$3,770 million in the second quarter, reflecting weaker volumes due to higher prices and lower online advertising spending in anticipation of the European Union imposing fees on low-value e-commerce parcels from July 1.</p></div>

<div class=newsTextDataWrapInner><p>The company's shares had closed 0.5% higher at HK$35.28 before the results on Monday.</p></div>

<div class=newsTextDataWrapInner><p>Since its Sept 1 debut in Hong Kong, Shein's shares have dropped 27.3% from the offer price of HK$48.56 apiece.</p></div>

<div class=newsTextDataWrapInner><p><i>Uploaded by Magessan Varatharaja</i></p></div>


Fast-fashion platform Shein returned to profit in the second quarter and made US$11.08 billion (RM45.2 billion) in sales, but warned about an uncertain second half as it unveiled its first results as a public company on Monday.

Shein returns to profit in 2Q, but warns of uncertain second half

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

Yinson, Gamuda, SD Guthrie, AEON Credit, UMS Integration, Kelington, Vantris, Supermax, Apollo, VS Industry, Sern Kou

Kim Loong Resources Bhd’s (KL:KMLOONG) second-quarter net profit dropped 5%, weighed down by lower fresh fruit bunch (FFB) production and reduced crude palm oil (CPO) sales volume.

Kim Loong's 2Q profit drops 5% on lower FFB, palm oil sales

The benchmark S&P 500 was flat on Tuesday, as rising government bond yields hurt risk sentiment and offset gains in AI-related stocks driven by optimism about Anthropic's plan to go public.

S&P 500 flat as higher bond yields counter tech optimism

OpenAI's annual recurring revenue is nearing US$70 billion (RM285.4 billion) as enterprise sales more than doubled since July, Axios reported on Tuesday, citing sources familiar with the financials of the start-up.

OpenAI's annual recurring revenue nears US$70b — report

US President Donald Trump will meet on Tuesday with tech executives including Meta CEO Mark Zuckerberg, Google's Sundar Pichai and Anthropic's Dario Amodei to discuss AI, as calls ramp up for more regulation of the fast-developing technology.

Trump to host Anthropic's Amodei, Nvidia's Huang, other AI execs, as fears mount

US job openings fell in August, but layoffs remained low, pointing to a stable labour market.

US job openings fall in August; layoffs remain low

US consumer confidence fell in September to the lowest level since 2014 as pessimism grew about the economy and the labour market.

US consumer confidence plunges to lowest level since 2014

The interim report on the implementation of the Felda Group Strategic Roadmap 2025–2030 was submitted to Prime Minister Datuk Seri Anwar Ibrahim on Sept 25.

Interim report on Felda’s strategic roadmap submitted to PM on Sept 25 

Sern Kou Resources Bud (KL:SERNKOU) said on Tuesday that its will wind down its plywood manufacturing unit due to continuous quarterly loses since the financial year ended June 30, 2024 (FY2024).

Sern Kou to wind down loss-making plywood manufacturing unit 

Careplus Group Bhd (KL:CAREPLS) plans to raise up to RM29.78 million through a rights issue to help fund the ongoing construction of the group's energy vehicle manufacturing hub in Chembong, Negeri Sembilan.

Careplus plans rights issue to raise up to RM30 mil to fund energy vehicle hub

<p>Supermax Corp Bhd (KL:SUPERMX) co-founders Datuk Seri Stanley Thai and wife Datuk Wira Cheryl Tan Bee Geok have resolved the legal wrangle over their company that holds their interests in the glove manufacturer.</p>


Supermax co-founders agree to wind up holding firm, to hold stakes directly  

<p>AIRASIA Group Bhd (KL:AAGB), which is seeking to raise up to US$1 billion (RM4.08 billion) on the international debt market, has dismissed concerns about its liquidity, with co-founder and adviser Tan Sri Tony Fernandes insisting that the low-cost carrier remains financially resilient.</p>

<p>...

AirAsia needs no bailout, says Fernandes, as fuel shock puts liquidity under scrutiny

<p>The High Court has granted an interim (temporary) stay sought by businessman Datuk Seri Mahmud Abu Bekir Taib, over an order to pay RM41.8 million in additional assessments and penalty imposed by the Inland Revenue Board (IRB) for the years 2021 to 2024 that had been issued on him in June this year.</p>


High Court grants Mahmud Abu Bekir stay from paying RM41.8m additional taxes, penalty

<p>A former senior executive of a corporation will be charged in court on Thursday in connection with the Malaysian Anti-Corruption Commission (MACC) investigation into losses incurred by UiTM Holdings Sdn Bhd, including allegations of abuse of power regarding operational expense payments to several companies totalling about&nbsp;RM42 million.</p>


UITM Holdings losses: Former top executive of a corporation to be charged on Thursday

<p>Gamuda Bhd (KL:GAMUDA) closed its financial year ended July 31, 2026 (FY2026) with a net profit topping RM1 billion for the second straight year, as its construction order book reached a record high.</p>


Gamuda's annual net profit tops RM1b for second straight year, order book hits RM61b

<p>The Federal Court on Tuesday granted AirAsia Bhd leave to appeal an appellate&nbsp;court ruling that awarded RM147,400 in compensation to a former co-pilot retrenched during the Covid-19 pandemic in 2020.</p>


Apex court grants AirAsia leave to appeal against RM147,400 payout to ex-co-pilot

<p>UMS Integration Ltd (KL:UMSINT) is seeking to raise up to RM450 million through a placement representing 5.63% of its enlarged share capital, to fund projects in Penang, Malaysia, as well as expansion in Vietnam and Singapore.</p>


UMS Integration seeks to raise RM450m via placement for Penang, Vietnam and Singapore expansion

<p>The High Court on Tuesday has granted a stay of execution on a RM367 million penalty that had been imposed on four major feedmill companies by the Malaysia Competition Commission (MyCC) in 2023 and upheld by the Competition Appeal Tribunal (CAT) this year.</p>


Four feedmillers obtain stay over RM367 mil penalty imposed by MyCC

<p>LNG Canada, a massive liquefied natural gas project backed by Malaysia’s PETRONAS, will be expanded to double its capacity amid rising global demand.</p>


LNG Canada partners, including PETRONAS, agree to expansion project

<p>VS Industry Bhd (KL:VS) posted its first full-year loss since it was listed in 1998, dragged down by lower orders placed by key customers amid weak global consumer sentiment.</p>


VS Industry records first full year loss on lower orders

<p>Crescendo Corp Bhd's (KL:CRESNDO) net profit more than quadrupled in the second quarter due to the sale of two parcels of land in Johor to data centre developers.&nbsp;</p>


Crescendo’s 2Q net profit surges over fourfold to RM70.6m, declares 2 sen dividend  

<p>Below is a summary of how key Bursa Malaysia indices and the ringgit performed on Tuesday.</p>


FBM KLCI edges down 1.56% to 1,643.96 on Sept 29, 2026

<p>Anthropic plans to caution potential investors in its IPO that advanced AI could pose "catastrophic or existential risks to humanity," an extraordinary warning by a company seeking to profit from the same technology.</p>


Anthropic warns AI may pose 'existential risks to humanity' in IPO filing

<p>Scientex Bhd (KL:SCIENTX) is acquiring a 70% stake in Hunan Changcheng Mint New Material Technology Co Ltd (Mintpack), a plastic packaging manufacturer in China’s Hunan province, for 167.3 million yuan (RM101.5 million), as it seeks to expand its footprint in China.</p>


Scientex to acquire 70% stake in China plastic packaging maker for RM101.5m

<p>SNS Network Technology Bhd's (KL:SNS) second-quarter net profit declined 37.3%, weighed down by lower sales and higher expenses.</p>


SNS Network's 2Q profit down 37% on higher costs and delivery delays, declares  0.25 sen dividend

<p>ViTrox Corp Bhd (KL:VITROX) broke earnings record in its latest quarter and the growth momentum will continue.</p>

<p>“This year, our numbers will double. We believe strong growth momentum will continue into the next few years,” co-founder and managing director Datuk Chu Jenn Weng tells The Ed...

ViTrox rides AI-fuelled complexity to new highs

<p>GXBank has been scaling up its lending business and now, three years since launching operations, is pursuing early graduation from its foundational phase as a digital bank as it looks to enter its next phase of growth.</p>

<p>The country’s first digital bank, which began operations on Sept 1, ...

GXBank scales lending book, pursues early graduation

<p>The death toll from rains and flooding in Thailand has risen to 23, authorities said on Tuesday, as waters receded from the hard-hit capital Bangkok, where its main airport operated in chaos, and the government approved a multi-million aid package.</p>


At least 23 dead in Thai floods, Bangkok airport in chaos

<p>Johor-based property developer Faire Bhd is seeking to list on the ACE Market of Bursa Malaysia in order to raise funds for its expansion into industrial properties.</p>


Johor-based Faire files ACE Market IPO to expand into industrial properties

<p>China announced several steps to encourage banks to lend to targeted sectors including infrastructure and technology, in an attempt to juice growth after a months-long slowdown in the economy.</p>
