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Plantation companies posted a mixed bag of earnings results in the second quarter of financial year 2024 (2Q24) amid lower crude palm oil (CPO) prices and higher operating costs, say analysts.
KUALA LUMPUR (Sept 4): Malaysia would outperform Asia ex-Japan stocks and its economy could gain some indirect benefits if Donald Trump returns to power for the second time, Nomura said.
Corporate Malaysia's earnings for the second quarter of this year have largely been in line with analysts' expectations, with 58 of the top 100 companies on Bursa Malaysia in terms of market capitalisation either meeting or beating analysts' estimates, while 42 missed consensus estimates.
The FBM KLCI closed almost flat as components stocks Petronas Dagangan and Kuala Lumpur Kepong were among the top losers.The broader market, was positive, with gainers leading losers.Investors bought into construction and technology stocks, and sold telecommunications, transportation, ...
KUALA LUMPUR: Despite opening higher, the FBM KLCI encountered mild profit-taking and remained in negative territory for most of the day, though the broader market stayed positive.
KUALA LUMPUR: The FBM KLCI started the day on a positive note with higher opening levels, but the momentum quickly faded, leading the index to drift lower.
Sabah-based plantation company TSH Resources Bhd (KL:TSH) announced changes to its board and management on Friday, including the redesignation of its co-founder Datuk Kelvin Tan.
KUALA LUMPUR: Corporate earnings results boosted market sentiment on Tuesday, leading the FBM KLCI to close higher, reaching its highest in almost four years, amid a weak broader market.
KUALA LUMPUR: The FBM KLCI closed higher on Monday after positive remarks from Federal Reserve Chair Jerome Powell strengthened expectations of an upcoming interest rate cut.
Gamuda Bhd has won the coveted The Edge Billion Ringgit Club (BRC) 2024 Company of the Year award, while Public Bank Bhd managing director and chief executive officer Tan Sri Tay Ah Lek was named this year’s Outstanding CEO & Value Creator.