The highlight of Pesta Kaamatan 2024 will be held at the Hongkod Koisaan Kadazan Dusun Cultural Association (KDCA) Hall in Penampang at the end of this month

Highlight of Kaamatan Festival at KDCA Hall in Penampang on May 30

Hong Seng Consolidated Bhd’s (KL:HONGSENG) previously suspended plan to expand its glove business seems to be back on the table as the group eyes an alternate, albeit smaller, site for a synthetic rubber manufacturing plant in Kedah Rubber City.

Hong Seng revisits potential glove business expansion, but on smaller scale

Petronas Dagangan Bhd's (KL:PETDAG) net profit for the first quarter ended March 31, 2024 (1QFY2024) fell 25% year-on-year to RM226.04 million, from RM301.84 million previously, due mainly to higher product cost and operating expenditure.

PetDag's 1Q net profit falls 25% to RM226m, declares dividend of 18 sen

Hartalega Holdings Bhd (KL:HARTA) notched a turnaround in its final quarter, thanks partly to a provision reversal that also helped to bring the world’s second-largest glovemaker by volume back into the black for the year.

Hartalega returns to the black for 4QFY2024

The Cabinet has tabled a memorandum on Tuesday to pave the way towards a comprehensive legal framework to implement Carbon Capture, Utilisation and Storage (CCUS) initiatives, said Economy Minister Rafizi Ramli.

Cabinet tables memorandum on carbon capture, utilisation and storage — Rafizi

Conglomerate Sunway Bhd (KL:SUNWAY) reported a 21.6% year-on-year increase in its first-quarter net profit, driven mainly by stronger performance from the property development and healthcare segments.

Sunway's 1Q net profit up 22% amid stronger earnings from property, healthcare segments

Barisan Nasional (BN) is ready to work with any party to face the next Sabah state election but the priority is to strengthen its cooperation with Pakatan Harapan (PH), said BN chairman Datuk Seri Dr Ahmad Zahid Hamidi.

Sabah polls: BN willing to work with any party but prioritises cooperation with PH — Ahmad Zahid

Pos Malaysia Bhd (KL:POS) narrowed its net loss to RM19.69 million in its first quarter ended March 31, 2024 (1QFY2024), down 28.8% from RM27.7 million a year ago, driven by higher revenue from the postal and aviation segments.

Pos Malaysia narrows losses to RM19 mil in 1Q

The Federal Court has ruled in favour of TSR Capital Bhd (KL:TSRCAP) in its dispute with Syarikat Pembenaan Yeoh Tiong Lay Sdn Bhd (SPYTL) over the termination of a civil works subcontract for the electrified double-track project from Gemas to Johor Bahru.

TSR Capital gets full arbitration sum in dispute with YTL's unit over contract breach as Fed Court rules in its favour

Lagenda Properties Bhd (KL:LAGENDA) said it is buying 855 acres of freehold land in Kuala Muda, Kedah for RM148.98 million to capitalise on the demand for affordable housing.

Lagenda Properties buys land in Kedah for affordable housing development

The Selangor State Development Corp (PKNS) needs to be future-proof to ensure all plans set for the state's development can be implemented without any problems.

PKNS needs to be future-proof to ensure all plans for Selangor's development run smoothly

Pos Malaysia Bhd (KL:POS) is selling its ship chartering unit that mainly deals with bulk cargoes for RM123.21 million as part of a move to shed non-core businesses.

Pos Malaysia to sell non-core shipping unit for RM123m

Tun Dr Mahathir Mohamad has demanded that he or his lawyers be allowed to attend the proceedings of the Royal Commission of Inquiry (RCI) on the sovereignty of Pulau Batu Puteh and two other islets.

After threatening to boycott, Mahathir now demands to attend RCI proceedings on Pulau Batu Puteh

Pharmaceutical company YSP Southeast Asia Holding Bhd (KL:YSPSAH) has reported its highest quarterly net profit and revenue since its listing in 2004, attributing the impressive first-quarter performance to improved operating efficiency and increased sales.

YSP registers best quarter since listing 20 years ago, boosted by higher sales

In today’s edition of Evening 5: 0:06 Hartalega confident in sector’s recovery as it returns to the black for 4QFY20241:43 Malaysia Airports shareholder expresses doubt on takeover bid — Bloomberg3:21 PetDag's 1Q net profit falls 25% to RM226m, declares dividend of 18 sen5:09 Pos Malaysia to sell ship chartering unit as it sheds non-core businesses7:04 Affin Bank's 1Q net profit down 26% as net interest income and other income falls

EVENING 5: Hartalega returns to the black

Britain said on Tuesday it would begin making further interim compensation payments to the victims of the contaminated blood and blood products scandal.

UK announces compensation package for blood scandal victims

Public Bank Bhd (KL:PBBANK), Malaysia’s third-largest bank by assets, is on course to achieve an earnings forecast of RM6.96 billion for the financial year ending Dec 31, 2024 (FY2024), with its first-quarter results aligning with analysts’ expectations.

Public Bank on course to hit FY2024 earnings target on better outlook, say analysts

Hartalega Holdings Bhd (KL:HARTA) notched a turnaround in its final quarter, thanks partly to a provision reversal that also helped to bring the world’s second-largest glovemaker by volume back into the black for the year.

Malaysia and Japan are set to confirm their cooperation in strengthening semiconductor supply chains at a meeting later this week, according to Japanese daily The Mainachi.

Malaysia, Japan set to confirm semicon supply chain tie-up — report

The Federation of Investment Managers Malaysia (FIMM) recently reprimanded eight former unit trust scheme (UTS) and/or private retirement scheme (PRS) consultants for their misconducts/breaches of the FIMM’s Consolidated Rules (FCR), Code of Ethics and Rules of Professional Conduct (Second Edition), or&nbsp;Code of Ethics (Third Edition).

FIMM reprimands eight former unit trust and private retirement scheme consultants

Shares in Menang Corp (M) Bhd (KL:MENANG) rose to their highest in nearly nine months after the property development and management company declared a special dividend amid six-year-high quarterly earnings.

Menang shares close in on nine-month high on special dividend, earnings

Automotive seat manufacturer Feytech Holdings Bhd (KL:FEYTECH) ended its maiden trading day on Bursa Malaysia's Main Market with a 37.5% gain on Tuesday.

Feytech ends maiden trading day with 37.5% gain on Main Market

The proposed fuel subsidy rationalisation by the government could impact the local automotive market, which houses its major customers, primarily consisting of automotive vehicle original equipment manufacturers (OEMs), according to automotive seat manufacturer Feytech Holdings Bhd (KL:FEYTECH).

Feytech expects proposed subsidy rationalisation to impact automotive market

Bersatu Information Chief Datuk Wan Saiful Wan Jan was never involved in any of the government committees that had awarded the ‘Central Spine Road: Sertik to East Coast Highway Intersection’ contract to Nepturis Sdn Bhd, the Sessions Court was told on Tuesday.

Wan Saiful not involved in committees awarding Jana Wibawa contracts, says witness

KTI Landmark Bhd expects to raise RM48&nbsp;million under its listing exercise on the ACE Market of Bursa Malaysia.

In a statement on Tuesday, the Sabah-based integrated property developer said it plans to use RM20.7 million (43.1%) of the proceeds raised from the initial public offering (IPO) to supplement its general working capital requirements for The Logg&nbsp;project, which include construction cost (building and infrastructure cost), consultants’ and professional fees, and local authority fees for the ongoing projects.

KTI Landmark to raise RM48m from ACE Market IPO

Affin Bank Bhd (KL:AFFIN), the financial services arm of the Armed Forces Fund&nbsp;Board (LTAT), said on Tuesday its net profit down was 26% lower year-on-year (y-o-y) in the first quarter, on lower net interest income and other income.

Affin Bank's 1Q net profit down 26% as net interest income falls

Pos Malaysia Bhd (KL:POS) is selling its ship chartering unit that mainly deals with bulk cargoes for RM123.21 million as part of a move to shed non-core businesses.

Sunway Construction Group Bhd (KL:SUNCON) retreated on Tuesday from its all-time high amid weaker-than-expected results and growing market concerns that its shares may have peaked after beating the consensus target price.

SunCon shares off record high after below-view 1Q amid analyst downgrades

ASML Holding NV and Taiwan Semiconductor Manufacturing Co have ways to disable the world’s most sophisticated chipmaking machines in the event that China invades Taiwan, according to people familiar with the matter.

ASML and TSMC can disable chip machines if China invades Taiwan, Bloomberg reports

Shares in Pintaras Jaya Bhd (KL:PTARAS) rose to their highest in 14&nbsp;months, though analysts remained doubtful of further gains, as the earthworks company homed in on the consensus target price.

Pintaras Jaya rises to 14-month high after announcing 3Q results

Tencent Holdings Ltd suspended the highly anticipated Dungeon &amp; Fighter Mobile within an hour of its Chinese debut Tuesday, suggesting strong initial demand for a blockbuster title that investors hope will drive revenue growth in 2024.

Tencent suspends blockbuster game within an hour of China debut

Hibiscus Petroleum Bhd's [KL:HIBISCS] net profit climbed by 42.37% to RM101.81 million in the third quarter ended March 31, 2024 (3QFY2024), from RM71.51 million a year ago, driven by strong oil and condensate prices of over US$90 (RM421.68) per barrel.

Hibiscus' 3Q net profit climbs 42%, driven by strong oil and condensate prices

Shares of Supercomnet Technologies Bhd (KL:SCOMNET) fell on Tuesday and may be on course for its worst day in 15 months after the medical device manufacturer reported a weaker-than-expected first quarter.

Supercomnet shares log worst day in 15 months after below-view 1Q

Traders are pricing in a big move for Nvidia’s shares after the chipmaker reports earnings on Wednesday, though expectations for volatility are more muted than in the past, US options markets show.

Nvidia earnings could spark US$200b swing in shares, options show

Bank Islam Malaysia Bhd (KL:BIMB), Malaysia's largest full-fledged Islamic bank, said on Tuesday its net profit increased 9.4% for the first quarter ended March 31, 2024 (1QFY2024) from a year earlier, mainly driven by higher net fund-based income and lower net allowances for impairment on financing.&nbsp;

Bank Islam posts 9.4% increase in 1Q net profit on higher net fund-based income, lower impairment

Petronas Dagangan Bhd's (KL:PETDAG) net profit for the first quarter ended March 31, 2024 (1QFY2024) fell 25% year-on-year to RM226.04 million, from RM301.84 million previously, due mainly to higher product cost and operating expenditure.

Malaysia

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