Time Dotcom 1Q net profit rises to RM112.99mil
KUALA LUMPUR: TIME Dotcom Bhd recorded a higher net profit of RM112.99 million in the first quarter ended March 31, 2025 (1Q 2025) from RM110.67 million in the same period last year.
Revenue rose by 2.6 per cent to RM428.59 million from RM417.77 million previously, supported by sustained demand for data and connectivity solutions and driven by the retail segment, it said in a Bursa Malaysia filing.
"Profit remained steady, reflecting reduced contributions from investment and interest income, along with net foreign exchange losses, in contrast to gains in the same period last year,' it said.
On prospects, the telecommunications service provider said it remains committed to the long-term growth of its connectivity business by expanding network coverage, leveraging its execution track record, and implementing effective go-to-market strategies to deliver innovative products, solutions and services to customers.
"The group is also committed to driving sustainability practices across its operations and expanding its new renewable energy businesses in response to evolving market opportunities,' Time Dotcom said.
Meanwhile, in a separate statement, its commander-in-chief, Afzal Abdul Rahim, said while the industry continues to evolve, the group remains focused on what matters most -- delivering reliable services, enhancing customer experience, and strengthening its core capabilities. - Bernama
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Malay Mail
15 hours ago
- Malay Mail
Bursa Malaysia to trade between 1,500-1,530 next week amid US tariffs, Middle East tensions
KUALA LUMPUR, June 14 — Bursa Malaysia's key index is set to move between 1,500 and 1,530 next week, as markets remain under pressure amid concerns over Washington's planned unilateral tariff letters and escalating tensions following Israel's strike on Iran. UOB Kay Hian Wealth Advisors Sdn Bhd's head of investment research Mohd Sedek Jantan said markets are expected to remain vulnerable and trade lower in the near term, unless a meaningful breakthrough occurs over the weekend to de-escalate the conflict, an outcome he said appears unlikely. 'From a tactical standpoint, oil and gas (O&G) stocks may present short-term trading opportunities, particularly those with upstream exposure or companies expanding their upstream concessions, as they stand to benefit directly from the current rally in oil prices,' he told Bernama. Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said market participants are advised to closely monitor ongoing geopolitical tensions and any developments related to US President Donald Trump's stance on US-China trade tariffs. 'We also believe the rise in crude oil prices could present opportunities for investors to explore O&G and commodity related stocks. We anticipate the benchmark index to trend within the 1,500-1,530 range, representing its support and resistance levels,' he added. Thong noted that if tensions continue to escalate, the second support level is projected at 1,485. For the week just ended, Bursa Malaysia kicked off in positive territory at the beginning of the week, driven by positive developments in the US-China trade negotiations, stocks accumulation by local institutions, and a slowdown in foreign selling activity. On a Friday-to-Friday basis, the barometer index rose 1.32 points to 1,518.11 from 1,516.79 a week earlier. The FBM Emas Index gained 14.84 points to 11,370.18, the FBMT 100 Index added 20.35 points to 11,144.04, and the FBM Emas Shariah Index climbed 0.31 of-a-point to 11,329.53. The FBM 70 Index increased 72.14 points to 16,368.71 while the FBM ACE Index fell 32.13 points to 4,487.19. Across sectors, the Industrial Products and Services Index was 0.55 of-a-point higher at 151.35 and the Energy Index gained 22.31 points to 740.76. The Plantation Index slid 31.93 points to 7,220.92, the Healthcare Index droped 16.42 points to 1,777.72, and the Financial Services Index tumbled 60.06 points to 17,648.25. Turnover surged to 13.89 billion units worth RM10.61 billion from 9.80 billion units worth RM8.18 billion in the preceding week. The Main Market volume jumped to 6.42 billion units valued at RM9.47 billion against 4.50 billion units valued at RM7.21 billion previously. Warrants turnover expanded to 5.97 billion units worth RM687.92 million versus 4.07 billion units worth RM533.43 million a week ago. The ACE Market volume improved to 1.50 billion units valued at RM458.75 million compared with 1.22 billion units valued at RM432.22 million in the preceding week. — Bernama
Malaysian Reserve
15 hours ago
- Malaysian Reserve
Bursa Malaysia to trade at 1,500–1,530 next week amid tariffs, Middle East tensions
KUALA LUMPUR — Bursa Malaysia's key index is set to move between 1,500 and 1,530 next week, as markets remain under pressure amid concerns over Washington's planned unilateral tariff letters and escalating tensions following Israel's strike on Iran. UOB Kay Hian Wealth Advisors Sdn Bhd's head of investment research Mohd Sedek Jantan said markets are expected to remain vulnerable and trade lower in the near term, unless a meaningful breakthrough occurs over the weekend to de-escalate the conflict, an outcome he said appears unlikely. 'From a tactical standpoint, oil and gas (O&G) stocks may present short-term trading opportunities, particularly those with upstream exposure or companies expanding their upstream concessions, as they stand to benefit directly from the current rally in oil prices,' he told Bernama. Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said market participants are advised to closely monitor ongoing geopolitical tensions and any developments related to US President Donald Trump's stance on US-China trade tariffs. 'We also believe the rise in crude oil prices could present opportunities for investors to explore O&G and commodity related stocks. We anticipate the benchmark index to trend within the 1,500-1,530 range, representing its support and resistance levels,' he added. Thong noted that if tensions continue to escalate, the second support level is projected at 1,485. For the week just ended, Bursa Malaysia kicked off in positive territory at the beginning of the week, driven by positive developments in the US-China trade negotiations, stocks accumulation by local institutions, and a slowdown in foreign selling activity. On a Friday-to-Friday basis, the barometer index rose 1.32 points to 1,518.11 from 1,516.79 a week earlier. The FBM Emas Index gained 14.84 points to 11,370.18, the FBMT 100 Index added 20.35 points to 11,144.04, and the FBM Emas Shariah Index climbed 0.31 of-a-point to 11,329.53. The FBM 70 Index increased 72.14 points to 16,368.71 while the FBM ACE Index fell 32.13 points to 4,487.19. Across sectors, the Industrial Products and Services Index was 0.55 of-a-point higher at 151.35 and the Energy Index gained 22.31 points to 740.76. The Plantation Index slid 31.93 points to 7,220.92, the Healthcare Index drooped 16.42 points to 1,777.72, and the Financial Services Index tumbled 60.06 points to 17,648.25. Turnover surged to 13.89 billion units worth RM10.61 billion from 9.80 billion units worth RM8.18 billion in the preceding week. The Main Market volume jumped to 6.42 billion units valued at RM9.47 billion against 4.50 billion units valued at RM7.21 billion previously. Warrants turnover expanded to 5.97 billion units worth RM687.92 million versus 4.07 billion units worth RM533.43 million a week ago. The ACE Market volume improved to 1.50 billion units valued at RM458.75 million compared with 1.22 billion units valued at RM432.22 million in the preceding week. — BERNAMA
Free Malaysia Today
a day ago
- Free Malaysia Today
Bursa ends in the red as geopolitical tensions, tariff plans rattle markets
KUALA LUMPUR : Bursa Malaysia closed lower today, weighed down by heavy selling in technology, healthcare, and logistics stocks, as risk-off sentiment intensified following escalating geopolitical tensions and Washington's plan to impose unilateral tariffs within the next two weeks. UOB Kay Hian Wealth Advisors Sdn Bhd head of investment research Sedek Jantan said the FTSE Bursa Malaysia KLCI (FBM KLCI) closed lower today as geopolitical tensions resurfaced, sending shockwaves through regional markets and sharply dampening investor sentiment. 'Today's trading session bears a striking resemblance to market behaviour in 2022, the first day of the Russia-Ukraine war – though this time, the escalation involves two major oil-exporting nations, following Israel's strikes on Iran's nuclear facilities,' he told Bernama. Among regional peers, Malaysia continues to show relative resilience, similar to its performance during the Ukraine crisis, supported by its position as a net commodity exporter. 'At the time, surging crude palm oil and oil and gas prices supported a rotation into defensives such as utilities and plantations. 'A similar sectoral shift could re-emerge should the current volatility persist,' he added. Meanwhile, Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said heightened risk-off sentiment was triggered by Israel's strikes on Iran and escalating tensions in the Middle East. 'Additionally, trade tensions resurfaced after US president Donald Trump cautioned that auto tariffs could be raised soon, just a day after claiming the US-China deal was completed,' he said. 'On the domestic front, we prefer to stay prudent in light of the sudden shift in the macroeconomic environment and acknowledge that investor sentiment may remain volatile,' Thong added. At 5pm, the FBM KLCI slipped 8.51 points, or 0.56%, to 1,518.11 from yesterday's close of 1,526.62. AdChoices ADVERTISING The benchmark index opened 4.15 points weaker at 1,522.47 and fluctuated between 1,515.10 and 1,522.70 during the session. Market breadth was bearish with losers thumping gainers 764 to 250, while 463 counters were unchanged, 944 untraded and 17 suspended. Turnover improved to 2.88 billion units worth RM2.06 billion compared with yesterday's 2.73 billion units worth RM2.07 billion. Among the heavyweights, Maybank and CIMB both shaved seven sen to RM9.70 and RM6.82, respectively. Public Bank shed four sen to RM4.25, Tenaga Nasional gained four sen to RM14.30, CelcomDigi advanced one sen to RM3.80, and IHH Healthcare was flat at RM6.90. As for the most active stocks, MyEG lost one sen to 95.5 sen, Tanco and Velesto perked up 0.5 sen each to 96 sen and 18.5 sen, respectively, Bumi Armada climbed one sen to 49 sen, Hibiscus Petroleum surged 11 sen to RM1.66, Kanger was flat at 3.5 sen, while Sinaran Advance erased 0.5 sen to three sen. On the index board, the FBM Emas Index tumbled 74.74 points to 11,370.18, the FBMT 100 Index declined 70.22 points to 11,144.04, and the FBM Emas Shariah Index shrank 67.97 points to 11,329.53. The FBM 70 Index slid 133.95 points to 16,368.71 and the FBM ACE Index slipped 37.50 points to 4,487.19. Sector-wise, the energy index climbed 14.63 points to 740.76, the plantation index garnered 27.18 points to 7,220.92, while the financial services index dropped 141.02 points to 17,648.25, and the industrial products and services index trimmed 0.84 of-a-point to 151.35. The Main Market volume rose to 1.37 billion units valued at RM1.81 billion from 1.21 billion units valued at RM1.82 billion registered at yesterday's close. Warrants turnover declined to 1.16 billion units worth RM151.36 million from 1.31 billion units worth RM160 million previously. The ACE Market volume expanded to 359.88 million units valued at RM97.50 million from 211.79 million units valued at RM81.62 million yesterday. Consumer products and services counters accounted for 284.9 million shares traded on the Main Market, industrial products and services (181.32 million), construction (94.51 million), technology (176.99 million), SPAC (nil), financial services (63.39 million), property (141.52 million), plantation (12.54 million), REITs (26.04 million), closed-end funds (10,000), energy (193.38 million), healthcare (76.04 million), telecommunications and media (39.15 million), transportation and logistics (22.28 million), utilities (56.73 million), and business trusts (340,100).
