<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Feb 14): British American Tobacco (M) Bhd (BAT) shares tumbled as much as RM2.44 or more than 7% today after the cigarette manufacturer announced yesterday that net profit fell to RM479.69 million in financial year ended Dec 31, 2017 from RM732.07 million a year earlier.</p></div>

<div class=newsTextDataWrapInner><p>In a filing with Bursa Malaysia, BAT said revenue fell to RM3 billion from RM3.76 billion. Despite the lower net profit and revenue, BAT declared a dividend of 43 sen a share, bringing its FY17 dividend tally to RM1.69 from RM2.78 a year earlier.</p></div>

<div class=newsTextDataWrapInner><p>Today, BAT shares fell to their lowest so far at RM30.44. At 10:31am, the counter stood at RM31 to become Bursa Malaysia's top decliner. The stock saw 380,600 shares exchanged.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>MIDF Amanah Investment Bank Bhd wrote in a note today: "We opine that the recent sell down of BAT shares has been overdone as we believe that the downside for BAT has bottomed-out. Share price recovery is now in sight as the decline in revenue has tapered quarter-over-quarter compared against the same period last year."</p></div>

<div class=newsTextDataWrapInner><p>MIDF said it upgraded its recommendation on BAT shares to "buy" from "neutral" but with a lower target price of RM41.10 versus RM44.40 previously.</p></div>

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KUALA LUMPUR (Feb 14): British American Tobacco (M) Bhd (BAT) shares tumbled as much as RM2.44 or more than 7% today after the cigarette manufacturer announced yesterday that net profit fell to RM479.69 million in financial year ended Dec 31, 2017 from RM732.07 million a year earlier.

I...

BAT tumbles after announcing FY17 profit drop

KUALA LUMPUR (April 29): YNH Property Bhd on Monday made a belated announcement about transactions involving its 6.49-acre land in Segambut, which it had inked an agreement in September last year to sell for RM59.58 million but revoked last week to have Chin Hin Group Property Bhd develop th...

YNH makes belated announcement about transactions involving its Segambut land

Shares of YTL Power International Bhd and YTL Corp Bhd rose to fresh highs on Monday as investors piled on stocks with exposure in artificial intelligence (AI).

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Kossan Rubber Industries Bhd has clarified that the fire at a paint factory in Meru Industrial Park, Klang on Monday (April 29) had no impact on operations at its rubber glove factories.

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<p>Sime Darby Property Bhd has achieved a 100% take-up rate for The Corak freehold commercial hub at the Serenia City township in Sepang, according to a press statement issued on Monday. The Corak is the township's first commercial hub.</p>


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<p>Following reports that over 100 KFC outlets have been temporarily closed after about half a year of boycott movement, QSR Brands and KFC Malaysia said they suspended the operations of the outlets to manage increasing business costs amid challenging economic conditions, and to focus on high engagement trade zones.&nbsp;</p>


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Supercomnet Technologies, MyEG, BP Plastics, LGMS, Turiya

<p>KUALA LUMPUR (April 29): Capital A Bhd said on Monday that the number of passengers it carried rose 17% year-on-year (y-o-y) to 15.4 million in the first quarter of 2024 (1Q2024), on the back of strong travel demand during the school holidays and Chinese New Year.</p>


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<p>Twenty-eight National Service Training Programme operators nationwide have filed a multimillion-ringgit suit against the government for purported breach of the main contract resulting in losses of rental for 27 months and total losses of RM108.737 million to them.</p>


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<p>The Jana Wibawa programme, which was established to assist Bumiputera contractors impacted by the Covid-19 pandemic, only took off following Cabinet approval in 2020, the court heard on Monday.</p>


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<p>Engineering services firm Kawan Renergy Bhd, en route to list on Bursa Malaysia's ACE Market next month, said on Monday it will pass higher cost from escalating steel prices to its customers.</p>


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<p>Nestlé (Malaysia) Bhd's net profit for the first quarter ended March 31, 2024 (1QFY2024) dipped 0.8% to RM195.51 million from RM197.15 million a year earlier, due mainly to the impact of slightly lower sales, offset by proactive cost management initiatives as well as better commodity costs.</p>


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<p>Financial details of Shell's vast oil and gas trading business are some of the company's closest-held secrets. Documents in a lawsuit filed by a former employee, however, revealed its US crude trading regularly earns around US$1 billion (RM4.77 billion) every year.</p>


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<p>Automated test equipment maker ViTrox Corp Bhd, which has just seen its net profit halve in the first quarter of 2024, is expecting a gradual recovery in the semiconductor sector towards the second half of the year (2H2024) and is continuing to ramp up its research and development (R&amp;D) investments in anticipation of that.</p>


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<p>SEPANG (April 29): The Malaysian Aviation Commission (Mavcom) is aiming for a full implementation of its quality standard framework for the country’s two main airports by the end of this year.</p>


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<p>National car maker Perusahaan Otomobil Nasional Sdn Bhd (Proton) inaugurated its research and development (R&amp;D) centre in China last Saturday to strengthen its collaboration with partner Zhejiang Geely Holding Ltd (Geely) and complement its facilities in Malaysia.</p>


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<p>Tin producer Malaysia Smelting Corp Bhd (MSC) on Monday declared a final dividend of seven sen per share, amounting to RM29.4 million, for the financial year ended Dec 31, 2023 (FY2023).</p>
