Bursa Malaysia Bhd’s core net profit may have risen 34% in the first quarter, from a year earlier, on higher securities and derivatives trading activity when the exchange operator reports its results, Hong Leong Investment Bank said.

Bursa Malaysia 1Q earnings likely up 34% y-o-y, HLIB projects

Fraser & Neave Holdings Bhd (F&N) is poised for a surge in earnings over the coming quarters, driven by heightened demand for its products in key operating areas like Thailand and Malaysia, along with robust export sales across Southeast Asia (SEA), due to extremely hot weather conditions.

F&N seen notching higher earnings on increased beverage consumption in SE Asia amid hot weather

Alliance Bank Malaysia Bhd’s (ABMB) net profit is expected to jump by 37.3% year-on-year (y-o-y) to RM179 million for the fourth quarter ended March 31, 2024 (4QFY2024), according to AmInvestment Bank Research.

AmInvestment sees Alliance Bank’s 4Q earnings jump by 37% y-o-y

Maybank Investment Bank Bhd expects Lotte Chemical Titan Holding Sdn Bhd to record losses for the third quarter of 2023 (3Q2023) ranging in between RM150 million to RM200 million, driven by a 3% to 5% decline in polymer prices and a significant reduction in input naphtha prices by 17%.

Maybank sees Lotte Chemical Titan's losses expanding in 4Q2023 

RHB Research has maintained its “buy” rating on Bursa Malaysia Bhd at RM6.70 with an unchanged target price (TP) of RM7.50, based on a 22.5x (consistent with its long-term average) to the forecast of financial year 2024 (FY2024F) earnings per share (EPS), with an added ESG premium of 6%.

RHB Research sees strong y-o-y headline growth for Bursa Malaysia

Construction-based company MGB Bhd’s core profit for the third quarter ended Sept 30, 2022 (3QFY2022) is expected to grow quarter-on-quarter to RM1-3 million while its 3QFY2022 year-on-year core earnings could be lower, according to RHB Investment Bank (RHB IB).

RHB IB sees lower core earnings for MGB on labour shortages, property launch delays

KUALA LUMPUR (August 8): CGS-CIMB Research has maintained its “Add” rating on Genetec Technology Bhd at RM2.42 with a lower target price (TP) of RM4.30 (from RM4.50) and said it expects Genetec to deliver stronger year-on-year and quarter-on-quarter net profit growth in 1QFY23F, driven by healthy...

 Genetec to deliver stronger y-o-y and q-o-q net profit growth in 1QFY23F, says CGS-CIMB 

KUALA LUMPUR (Aug 3): Hong Leong Investment Bank (HLIB) Research has maintained its “overweight” rating on the plantation sector and said planters will likely post a mixed bag of results on quarter-on-quarter (q-o-q) basis in their upcoming results.

In a note on Wednesday (Aug 3), the r...

Planters will likely post a mixed bag of results q-o-q, says HLIB 

KUALA LUMPUR (May 19): Hong Leong Investment Bank (HLIB) Research has maintained its “buy” rating on Press Metal Aluminium Holdings Bhd (PMetal) at RM5.28 with a lower target price of RM7.59 (from RM7.71) and said it expects PMetal’s 1Q22 results to come in at yet another record high with a net p...

Press Metal poised for another record-high quarter, says HLIB 

KUALA LUMPUR (April 14): Hong Leong Investment Bank (HLIB) Research has maintained its “Buy” rating on Bursa Malaysia Bhd at RM6.98 with a higher target price (TP) of RM7.95 (from RM7.27) and said that judging from 1Q22 equities average daily trading volume (ADV) of RM2.6 billion (+3% q-o-q, -49%...

HLIB keeps buy on Bursa Malaysia, raises target price to RM7.95

RHB Research expects Tasco Bhd to book a robust year-on-year (y-o-y) growth in the upcoming results for the fourth quarter ended March 31, 2022 (4QFY22) on strong performances underpinned by buoyant volume throughputs and favourable freight rates.

RHB Research sees Tasco on track for record-breaking year

KUALA LUMPUR (April 8): CGS-CIMB Research has downgraded Bursa Malaysia Bhd to “Reduce: at RM7.14, with an unchanged target price of RM6.59 and said the stock exchange operator’s CY23F P/E of 22.9x is above 5-year average of 21.1x, and projected FY22F EPS to fall 39.4%.

In a note on Thu...

CGS-CIMB expects Bursa to report a double-digit y-o-y decline in 1Q22

RHB Research sees a strong earnings rebound for Astro Malaysia Holdings Bhd following three consecutive quarters of decline with the recovery in advertising expenditure (adex) as a key catalyst.

RHB Research sees strong earnings rebound for Astro Malaysia

Hong Leong Investment Bank Bhd (HLIB) expects Focus Lumber Bhd’s (FLB) earnings to rebound strongly in the fourth quarter ended Dec 31, 2021 (4QFY21) and achieve a compound annual growth rate (CAGR) of 54% in FY21-23, driven by promising growth in the buoyant recreational vehicle sector and US housing market.

Focus Lumber’s earnings to rebound strongly in 4QFY21, says HLIB

Russia and Ukraine exchanged fire on energy facilities overnight, with an oil refinery damaged in Russia’s Krasnodar region, while Ukraine sustained a missile barrage on gas infrastructure and other targets.

Russia, Ukraine exchange strikes on refinery and gas targets

Deutsche Bank AG is putting aside as much as €1.3 billion (US$1.4 billion or RM6.6 billion) in legal provisions, warning this will hit profits.

The bank will book the potential payment in the current quarter, it said in a statement late on Friday. That will impact “second quarter and full-year profitability”, it said, while adding that the ultimate amount of the provisions is not clear yet.

Deutsche Bank earmarks US$1.4b provision in hit to profit

Genting Malaysia Bhd has dismissed reports linking the group and its deputy chairman and chief executive Tan Sri Lim Kok Thay to supposed discussions relating to the opening of a second casino for Malaysia in Forest City, Johor, to revive the US$100 billion (RM477.60 billion) development.

Genting Malaysia denies involvement in talks for Forest City casino

The Territorial Sea Act 2012 (Act 750) remains valid and applicable throughout Malaysia, including in Terengganu, unless declared otherwise by the court, says the Prime Minister’s Office, despite the Terengganu State Legislative Assembly's decision to reject its use.

Territorial Sea Act 2012 still valid, including in Terengganu, says PMO

The Malaysian government is serious about resolving issues surrounding the palm oil industry in the country, said Plantation and Commodities Minister Datuk Seri Johari Abdul Ghani.

Govt serious about resolving palm oil industry issues, says Johari Ghani

Three new semiconductor companies are keen to invest in Penang with total investments of US$100 million (RM477 million), said Chief Minister Chow Kon Yeow.

Three semiconductor firms keen to invest US$100m in Penang

Tan Sri Mokhzani Mahathir and his brother Mirzan Mahathir, who have been asked to declare their assets by the Malaysian Anti-Corruption Commission (MACC), have both denied being investigated by the agency.

Mahathir's sons, Mirzan and Mokhzani, deny being under MACC probe

Defence Minister Datuk Seri Mohamed Khaled Nordin said the government had no plans to temporarily suspend the service of Fennec and HOM helicopters.

Govt not suspending service of Fennec and HOM helicopters, says minister

It will be a four-way fight in the upcoming Kuala Kubu Bahru by-election between Pakatan Harapan’s pick Pang Sock Tao, Hulu Selangor Bersatu action division head Khairul Azhari, Parti Rakyat Malaysia’s Hafizah Zainudin and independent Nyau Ke Xin.

NEWS: Four-cornered fight in KKB by-election

Parti Rakyar Malaysia’s Hafizah Zainudin says that if elected, PRM will stand on a platform of increased transparency in government.

NEWS: Parti Rakyat Malaysia will run on more transparency

Three new semiconductor companies are keen to invest in Penang with&nbsp;total investments of US$100 million (RM477&nbsp;million), said Chief Minister Chow Kon Yeow.

The Malaysian Palm Oil Association (MPOA) said&nbsp;there is an urgent need to accelerate replanting to address the issue of ageing oil palm trees, and urges the government to provide replanting tax incentives to support such efforts.

Ageing oil palm trees: MPOA calls for govt incentives to speed up replanting

Genting Malaysia Bhd has dismissed reports linking the group and its deputy chairman and chief executive Tan Sri Lim Kok Thay&nbsp;to supposed discussions relating to the opening of a second casino for Malaysia in Forest City, Johor, to revive the US$100 billion (RM477.60 billion) development.

Tan Sri Mokhzani Mahathir and his brother Mirzan Mahathir, who have been asked to declare their assets by the Malaysian Anti-Corruption Commission (MACC), have both denied being investigated by the agency.

The Territorial Sea Act 2012 (Act 750) remains valid and applicable throughout Malaysia, including in Terengganu, unless declared otherwise by the court, says the Prime Minister’s Office,&nbsp;despite the Terengganu State Legislative Assembly's decision to reject its use.

The Malaysian government is serious about resolving issues surrounding the palm oil industry in the country, said Plantation&nbsp;and Commodities Minister Datuk Seri&nbsp;Johari&nbsp;Abdul&nbsp;Ghani.

Deutsche Bank AG is putting aside as much as €1.3 billion (US$1.4 billion or RM6.6 billion) in legal provisions, warning this will hit profits.

The bank will book the potential payment in the current quarter, it said in a statement late on Friday. That will impact “second quarter and full-year profitability”, it said, while adding that the ultimate amount of the provisions is not clear yet.

Russia and Ukraine exchanged fire on energy facilities overnight, with an oil refinery damaged in Russia’s Krasnodar region, while Ukraine sustained a missile barrage on gas infrastructure and other targets.

Defence Minister Datuk Seri Mohamed Khaled Nordin said the government had no plans to temporarily suspend the service of&nbsp;Fennec and HOM helicopters.

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