<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Nov 24): Malaysian Pacific Industries Bhd (MPI)’s net profit rose 47.69% to RM81.68 million for the first quarter ended Sept 30, 2021, from RM55.31 million a year earlier, due to higher revenue across all segments and effective cost management.</p></div>

<div class=newsTextDataWrapInner><p>Earnings per share rose to 41.17 sen from 28.05 sen, the group's filing with Bursa Malaysia showed.</p></div>

<div class=newsTextDataWrapInner><p>Quarterly revenue jumped 32.67% to RM584.52 million from RM440.59 million in the same quarter last year, with the Asia, USA and Europe segments growing by 30%, 31% and 43% respectively.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>The semiconductor manufacturer declared an interim dividend of 10 sen per share, payable on Dec 23.</p></div>

<div class=newsTextDataWrapInner><p>On a quarter-on-quarter basis, MPI’s net profit was up 8.76% from RM75.1 million in the immediate preceding quarter, while revenue increased 8.78% from RM537.34 million.</p></div>

<div class=newsTextDataWrapInner><p>MPI said the semiconductor industry continues to show resilience and growth in spite of the challenging operating environment due to Covid-19, manpower limitations and supply chain disruptions.</p></div>

<div class=newsTextDataWrapInner><p>“Barring any unforeseen circumstances, the board expects the group’s performance for the financial year ending June 30, 2022 to be satisfactory,” it added.</p></div>

<div class=newsTextDataWrapInner><p>MPI's share price closed 22 sen or 0.46% higher at RM48.14, valuing the group at RM9.57 billion.</p></div>


Malaysian Pacific Industries Bhd (MPI)’s net profit rose 47.69% to RM81.68 million for the first quarter ended Sept 30, 2021, from RM55.31 million a year earlier, due to higher revenue across all segments and effective cost management.

MPI says 1Q net profit up 48% to RM82m, declares 10 sen dividend

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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.

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BEIJING (April 25): 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.

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Property values in London's Canary Wharf financial district fell by €1.2 billion (US$1.5 billion) over the past year, led by a decline in the value of its office buildings, the landlord said in annual results published on Thursday.

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<p>Here is a brief recap of some business news and corporate announcements that made the headlines on Thursday:</p>


AirAsia X, Capital A, ViTrox, PavREIT, Luxchem, Chin Teck, MKHOP, TAS Offshore, Inta Bina, Heineken, Pantech and Infoline Tec 

<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>


Wall Street stocks fall as weak GDP growth spreads rate-cut gloom

<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>


Mercury Securities values ACE Market-bound Sin-Kung Logistics at 14 sen

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


SC adds four entities to Investor Alert List, two being potential clones

<p>Harvey Weinstein's 2020 conviction for sexual assault and rape was overturned by New York's highest court, reopening the landmark case that fuelled the #MeToo movement and highlighting the challenges of holding powerful men accountable.</p>


Harvey Weinstein's rape conviction overturned by top New York court

<p>Shares of ViTrox Corp Bhd are headed for its worst day in 18 months as first-quarter (1Q) results disappointed investors while analysts turned increasingly cautious on the semiconductor company’s near-term prospects.</p>


Vitrox shares on pace for worst day in 18 months as 1Q disappoints

<p>RHB Retail Research said YTL Corp Bhd is eyeing to extend the upside movement after it staged a bullish breakout.</p>


YTL Corp eyeing to extend upside movement, says RHB Retail Research 

<p>Hulu Selangor Bersatu action division head has been named as Perikatan Nasional's (PN) candidate for the Kuala Kubu Baharu (KKB) state by-election on May 11.</p>


PN names Hulu Selangor Bersatu acting division head as candidate for KKB by-election

<p>RHB Retail Research said VS Industry Bhd is poised to continue the bullish trajectory after it broke past the key resistance on high volume.</p>


VS Industry poised to continue bullish trajectory, says RHB Retail Research 

<p>The Tesla Inc shareholder who won a court order in Delaware killing co-founder Elon Musk’s US$56 billion (RM267.54 billion) pay package is premature in asking the judge to bar the billionaire from moving the executive-compensation dispute to Texas, the car company’s lawyers argue.</p>


Tesla fires back at investor who doesn’t want pay fight in Texas

<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>


Trump advisers discuss penalties for nations that move away from the dollar

<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>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>


<p>BEIJING (April 25):&nbsp;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>

<p>China’s upstart electric brands, and even its state-owned, legacy automakers, are racing to pack tech...

<p>Alphabet announced its first-ever dividend on Thursday and a US$70 billion (RM334.43 billion) stock buyback, cheering investors who sent the stock surging nearly 16% after the bell.</p>


Google parent Alphabet announces first-ever dividend, shares soar

<p>Asian shares rose cautiously on Friday as markets sobered up to the idea that US rate cuts were most likely some time away, while the yen and Japanese government bonds struggled ahead of a closely watched policy decision by the Bank of Japan (BOJ).</p>


Asia stocks, yen tentative with eyes on BOJ decision

<p>China is preparing a United Nations General Assembly resolution that it says is intended to help close gaps between rich and developing countries in the advance of artificial intelligence (AI), an initiative that follows an extensive and ambitious campaign by the US, its biggest AI competitor.</p>


China prepares UN resolution to tap AI for good

<p>Foreign states are using UK universities to “steal advantage” by covertly acquiring British intellectual property, the government warned, saying it would explore proposals to protect cutting-edge research and technology.</p>


UK warns universities about research threat from foreign states

<p>The Federal Communications Commission (FCC) said on Thursday it is ordering the US units of China Telecom, China Unicom and China Mobile to discontinue fixed or mobile broadband internet operations in the US.</p>


Agency bars Chinese telecom carriers from offering US broadband services

<p>One fixture lurking like a troll in Arsenal's Premier League title run-in has probably consumed the thoughts of the club's fans more than any other — Sunday's short trip to arch-rivals Tottenham Hotspur.</p>
