<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Nov 3): Luxchem Corp Bhd saw its net profit for the third quarter ended&nbsp;September 30&nbsp;(3QFY14) expand 39.36% on-year to RM5.97 million from RM4.28 million, underpinned by better performance from its trading segment.</p></div>

<div class=newsTextDataWrapInner><p>Quarterly revenue grew 30.38% on-year to RM159.44 million from RM122.28 million for the same reason.</p></div>

<div class=newsTextDataWrapInner><p>Earnings per share (EPS) jumped 39% to 4.59 sen from 3.3 sen previously.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>In a filing with Bursa Malaysia today, the industrial chemicals suppliers said its net profit in the nine months through September (9MFY14) climbed 13.8% to RM15.67 million from RM13.77 million recorded in 9MFY13, translating to an EPS of 12.06 sen.</p></div>

<div class=newsTextDataWrapInner><p>Revenue for 9MFY14 also went up, climbing 15.23% to RM456.4 million from RM396.08 million.</p></div>

<div class=newsTextDataWrapInner><p>Looking forward, the group remains positive on its outlook despite the fluctuations in exchange rates and raw material prices.</p></div>

<div class=newsTextDataWrapInner><p>Luxchem closed the day 6 sen higher at RM1.79 with 209,000 units traded, giving it a market capitalisation of RM232.7 million.</p></div>


KUALA LUMPUR (Nov 3): Luxchem Corp Bhd saw its net profit for the third quarter ended September 30 (3QFY14) expand 39.36% on-year to RM5.97 million from RM4.28 million, underpinned by better performance from its trading segment.

Quarterly revenue grew 30.38% on-year to RM159.4...

Luxchem 3Q net profit up 39% to RM5.97mil

The yen fell amid volatile trade on Friday after the Bank of Japan (BOJ) maintained its accommodative monetary policy stance at the conclusion of its two-day policy meeting, while Asian shares rose in the broader market.

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Doctor-turned-businessman Tan Sri Mohan MK Swami and his partner Datuk Seri Dr Shamir Kumar Nandy agreed on Friday to acquire a 58% stake in property management company Turiya Bhd for RM52.86 million from MAA Group Bhd.

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Berjaya Corp Bhd (BCorp) has denied that its founder Tan Sri Vincent Tan Chee Yioun participated in talks to revive a US$100 billion (RM477.60 billion) Forest City casino resort as reported recently.

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<p>Berjaya Corp&nbsp;Bhd (BCorp) has denied that its founder Tan Sri&nbsp;Vincent Tan Chee Yioun participated in talks to revive a US$100 billion (RM477.60 billion)&nbsp;Forest City casino resort as reported recently.</p>


<p>The Securities Commission Malaysia (SC) has updated its Investor Alert List.</p>


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<p>Mercury Securities Sdn Bhd has valued ACE Market-bound Sin-Kung Logistics Bhd at 14 sen based on a 14 times financial year 2025 (FY2025) earnings per share forecast of one sen.</p>


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<p>Maxis Bhd could work with another consortium partner to lower the cost of deploying the second 5G network, even after the recapitalisation of Digital Nasional Bhd (DNB), said RHB Research in a note on Friday.</p>


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<p>Wall Street stocks closed lower on Thursday as markets were stunned by data showing slower-than-expected US economic growth and persistent inflation, coupled with a sell-off in large cap stocks triggered by disappointing results from Meta Platforms.</p>


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<p>Doctor-turned-businessman Tan Sri Mohan MK Swami and his partner Datuk Seri Dr Shamir Kumar Nandy agreed on Friday to acquire a 58% stake in property management company Turiya Bhd for RM52.86 million from MAA Group Bhd.</p>


<p>The battle for consumer attention in China's electric car market is being fought over touches of "tech luxury" that car buyers in other markets have never seen.</p>

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<p>European and American investors showed converse interest in sustainable funds during the first quarter, research firm Morningstar said on Thursday, with a record US$8.8 billion (RM42.03 billion) in net withdrawals from the products in the US.</p>


Record US$8.8 bil pulled from US sustainable funds in 1Q

<p>Former president Donald Trump’s economic advisers are considering ways to actively stop nations from shifting away from using the dollar — an effort to counter budding moves among key emerging markets to reduce exposure to the US currency, according to people familiar with the matter.</p>


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<p><em><strong>More to come</strong></em></p>
...

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<p>The Malaysian Research Accelerator for Technology and Innovation (MRANTI) has signed a memorandum of understanding (MOU) with Beijing Zhongguancun Science City Innovation Development Co Ltd to collaborate on several strategic initiatives aimed at fostering significant advancements in technology and innovation.</p>


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<p>Uday Kotak built his Kotak Mahindra Bank Ltd over decades to become Asia’s richest banker. After India’s regulator slapped his firm with a surprise ban, he’s facing one of his biggest tests yet — and a dip in wealth.</p>


<p>The yen fell amid volatile trade on Friday after the Bank of Japan (BOJ) maintained its accommodative monetary policy stance at the conclusion of its two-day policy meeting, while Asian shares rose in the broader market.</p>
