Trading ideas: Mesiniaga, Gas Malaysia, Uzma, CelcomDigi, YTL Power, KLK, UEM Sunrise, Bumi Armada, Batu Kawan, DRB-Hicom, DLMI, Prolintas, Press Metal, Cahya Mata
Mesiniaga Bhd has secured a RM251.9mn contract from the Ministry of Finance for maintenance and infrastructure support services for the Integrated Government Financial and Management Accounting System of the Accountant General's Department of Malaysia.
Gas Malaysia Bhd has launched Malaysia's first centralised biomethane injection station in a landmark effort to drive the growth of renewable energy.
Uzma Bhd has announced that it has secured Malaysia's remote sensing satellite project that spans over eight years.
In 1QFY25, CelcomDigi Bhd posted a net profit of RM383.8mn, up from RM376.5mn in the year-ago quarter, which translated to an earnings per share of 3.3 sen from 3.2 sen previously.
YTL Power International Bhd recorded a lower net profit of RM489.4mn for 3QFY25, from RM698.7mn in the same quarter last year, mainly due to weaker power generation margins and foreign exchange losses.
Kuala Lumpur Kepong Bhd posted a 31.8% jump in net profit to RM154.3mn for 2QFY25, from RM117.1mn a year ago, on improved plantation profit.
UEM Sunrise reported a 150.5% YoY surge in net profit for 1QFY25 to RM417.6mn from RM225mn supported by higher revenue and lower finance costs.
Bumi Armada Bhd 's 1QFY25 net profit fell to RM182.8mn from RM240.5mn, while revenue shrank to RM474mn from RM635.5mn in the year-ago quarter due to reduced contributions from two of its floating production storage and offloading vessels.
Batu Kawan Bhd 's 2QFY25 net profit witnessed a 3.7% YoY increase to RM87.9mn from RM84.7mn, carried by higher palm product prices, offset by lower sales volume and fair value loss on unharvested oil palm.
DRB-Hicom Bhd recorded an 80.6% YoY decline in net profit for 1QFY25 to RM17.7mn from RM91.5mn in the same period last year due to reduced revenue across major segments, coupled with higher depreciation and amortisation expenses.
Dutch Lady Milk Industries Bhd reported a 6.1% YoY decline in 1QFY25 to RM25mn from RM26.7mn, on lower operating profit.
Prolintas Infra Business Trust posted a 70.5% rise in net profit to RM3.6mn for the 1QFY25 from RM2.1mn a year ago, supported by increased toll revenue.
Press Metal Aluminium Holdings Bhd's net profit for 1QFY25 rose by 13.2% to RM461.8mn from RM408.0mn in the same period last year, mainly due to higher metal prices and stronger profit contribution from associated companies.
Cahya Mata Sarawak Bhd net profit fell 33.8% YoY to RM25.3mn in 1QFY25 from RM38.3mn, dragged by unfavourable foreign exchange, and lower contribution from associates and joint ventures.
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New Straits Times
21 hours ago
- New Straits Times
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The Star
a day ago
- The Star
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Malay Mail
a day ago
- Malay Mail
Extension of Malaysian MotoGP contract hinges on data, says minister
PUTRAJAYA, Aug 18 — The decision on whether the Sepang International Circuit (SIC) will get the 'green light' from the government to extend its contract to host the Malaysian Motorcycle Grand Prix (MotoGP) race next year depends on the detailed data collection throughout its organisation. Youth and Sports Minister Hannah Yeoh said the holding of the prestigious race had indeed received quite an encouraging response but the SIC still needed to convince the Ministry of Finance that the return received would provide comprehensive benefits. 'All this requires data to convince the Ministry of Finance that there is a return on investment. When we invest, we are not signing only in terms of tourism. It should help support the economy and job opportunities for Malaysians. 'Like the MotoGP temporary job that can be generated every year, approximately 4,500. But we also want to have skills passed down to the people, so that's why data collection is important and SIC must ensure that all this is recorded to convince the Ministry of Finance that it is not a waste,' she said. She said this after officiating the Jalur Gemilang Handover Ceremony for the national contingent to the 2025 South-east Asian (SEA) Deaf Games here today. Yesterday, the media reported that SIC is currently in the process of negotiating with Dorna Sports (the rights holder for organising the MotoGP) to renew the Malaysian GP contract which will expire in 2026. Meanwhile, Hannah has high hopes for the national badminton athletes to perform excellently at the World Championships in Paris which will be held from August 25 to 31. 'I am confident that our badminton players can perform well, especially those under the Road To Gold (RTG) Programme, but I also hope that the players are not too tired because we know that the badminton calendar is very tight, compact. 'In any case, they need to continue playing to be in the RTG and I always pray that there will be no injuries to our athletes because that will make it difficult for many parties,' she said. Among the badminton athletes in the RTG are Aaron Chia-Soh Wooi Yik, Goh Sze Fei-Nur Izzuddin Rumsani, Man Wei Chong-Tee Kai Wun, Pearly Chen Tang Jie-Toh Ee Wei and Goh Soon Huat-Shevon Lai Jemie. Earlier, a total of 80 athletes took on the country's challenge at the SEA Deaf Games in Jakarta, which is only 20 people less than the largest contingent, Indonesia which is fielding 100 athletes as host. In total, the Malaysian contingent includes 53 athletes and 27 officials who will compete in six sports events namely futsal, athletics, badminton, tenpin bowling, chess and table tennis. — Bernama
