Latest news with #Axiata
The Sun
38 minutes ago
- Business
- The Sun
KLCI up 0.14 pct at mid-afternoon, broader market weaker
KUALA LUMPUR: Kuala Lumpur shares turned mixed at mid-afternoon, mirroring regional peers, as the broader market weakened with losers outpacing gainers, although mild buying support was seen in the benchmark index components. At 3 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose by 2.17 points, or 0.14 per cent, to 1,521.58 from Monday's close of 1,519.41. The benchmark index opened 0.30 points higher at 1,519.71. Decliners edged advancers 425 versus 380 on the broader market, while a total of 492 counters were unchanged, 1,072 untraded and 11 suspended. Turnover stood at 2.01 billion units valued at RM1.05 billion. Markets across the region saw mixed performance; Singapore's Straits Times Index (STI) shed 0.26 per cent to 3,926.13, Hong Kong's Hang Seng Index fell 0.19 per cent to 24,136.66, South Korea's Kospi increased by 0.56 per cent to 2,871.85, and Japan's Nikkei 225 edged up by 0.32 per cent to 38,211.51. Of the heavyweights, 99 Speed Mart jumped 10 sen to RM2.20, Axiata advanced six sen to RM2.09, Press Metal was four sen higher at RM5.04, and Telekom Malaysia added seven sen to RM6.63. The top losers in the broader market were led by Dutch Lady, which lost 62 sen to RM29.08, Ayer Holdings erased four sen to RM7.20, Hong Leong Bank trimmed 18 sen to RM19.52, and Southern Acids lost 17 sen to RM2.93. Among the most active stocks, MYEG, Harvest Miracle and NexG were all flat at 94.5 sen, 18 sen and 37 sen, respectively, while Tanco eased three sen to 96 sen. On the index board, the FBM Emas Index added 23.29 points to 11,416.48, the FBMT 100 Index gained 25.24 points to 11,183.71, and the FBM Emas Shariah Index climbed 27.66 points to 11,391.70, and the FBM 70 Index advanced 73.93 points to 16,483.24. However, the FBM ACE Index slid by 0.57 of-a-point to 4,511.56. Sector-wise, the Financial Services Index shed 12.11 points to 17,720.08, the Energy Index put on 3.83 points to 724.69, the Industrial Products and Services Index perked up 0.13 points to 152.47, and the Plantation Index declined 11.19 points to 7,237.64.
The Sun
38 minutes ago
- Business
- The Sun
Bursa Malaysia turns mixed at midday, KLCI edges higher
KUALA LUMPUR: Kuala Lumpur shares turned mixed at mid-afternoon, mirroring regional peers, as the broader market weakened with losers outpacing gainers, although mild buying support was seen in the benchmark index components. At 3 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose by 2.17 points, or 0.14 per cent, to 1,521.58 from Monday's close of 1,519.41. The benchmark index opened 0.30 points higher at 1,519.71. Decliners edged advancers 425 versus 380 on the broader market, while a total of 492 counters were unchanged, 1,072 untraded and 11 suspended. Turnover stood at 2.01 billion units valued at RM1.05 billion. Markets across the region saw mixed performance; Singapore's Straits Times Index (STI) shed 0.26 per cent to 3,926.13, Hong Kong's Hang Seng Index fell 0.19 per cent to 24,136.66, South Korea's Kospi increased by 0.56 per cent to 2,871.85, and Japan's Nikkei 225 edged up by 0.32 per cent to 38,211.51. Of the heavyweights, 99 Speed Mart jumped 10 sen to RM2.20, Axiata advanced six sen to RM2.09, Press Metal was four sen higher at RM5.04, and Telekom Malaysia added seven sen to RM6.63. The top losers in the broader market were led by Dutch Lady, which lost 62 sen to RM29.08, Ayer Holdings erased four sen to RM7.20, Hong Leong Bank trimmed 18 sen to RM19.52, and Southern Acids lost 17 sen to RM2.93. Among the most active stocks, MYEG, Harvest Miracle and NexG were all flat at 94.5 sen, 18 sen and 37 sen, respectively, while Tanco eased three sen to 96 sen. On the index board, the FBM Emas Index added 23.29 points to 11,416.48, the FBMT 100 Index gained 25.24 points to 11,183.71, and the FBM Emas Shariah Index climbed 27.66 points to 11,391.70, and the FBM 70 Index advanced 73.93 points to 16,483.24. However, the FBM ACE Index slid by 0.57 of-a-point to 4,511.56. Sector-wise, the Financial Services Index shed 12.11 points to 17,720.08, the Energy Index put on 3.83 points to 724.69, the Industrial Products and Services Index perked up 0.13 points to 152.47, and the Plantation Index declined 11.19 points to 7,237.64.
Malay Mail
4 hours ago
- Business
- Malay Mail
Bursa holds gains at lunch break despite softer market sentiment
KUALA LUMPUR, June 10 — Bursa Malaysia ended the morning trading session in positive territory, though the tone remained soft due to mixed regional performances, with buying interest expected to shift towards fundamentally strong companies. At 12.30pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose by 2.08 points to 1,521.49, from Monday's close of 1,519.41. The benchmark index opened 0.30 points higher at 1,519.71, and subsequently fluctuated between 1,517.74 and 1,522.30 throughout the session. Advancers edged ahead of decliners at 384 versus 381 on the broader market, while a total of 466 counters were unchanged, 1,138 untraded and 11 suspended. Turnover stood at 1.79 billion units, valued at RM883.18 million. Malacca Securities Sdn Bhd said the local bourse is expected to see subdued trading, as investors' attention may shift to fundamentally strong companies. Wall Street is expected to focus on the United States-China trade talks, which have driven modest gains in equities as officials hinted at progress ahead of the resumption of negotiations on Tuesday. 'As the market factors a rate-cut environment, Real Estate Investment Trusts could attract interest due to their healthy yields of over four per cent,' it said in a research note today. Among the heavyweights, 99 Speed Mart added nine sen to RM2.19, Axiata was six sen better at RM2.09, Public Bank rose two sen to RM4.28 and Telekom Malaysia added nine sen to RM6.65, while MR DIY and Press Metal bagged three sen each to RM1.64 and RM5.03, respectively. As for the most active stocks, MYEG, Harvest Miracle and NEXG were all flat at 94.5 sen, 18 sen and 37 sen, respectively, while Tanco lost 2.5 sen to 96.5 sen. On the index board, the FBM Emas Index added 24.54 points to 11,417.73, the FBMT 100 Index gained 24.84 points to 11,183.31, and the FBM Emas Shariah Index climbed 30.60 points to 11,394.64. The FBM 70 Index advanced 74.24 points to 16,483.55, while the FBM ACE Index erased 5.83 points to 4,506.30. Sector-wise, the Energy Index gained 1.19 points to 722.05, and the Industrial Products and Services Index perked up 0.12 of a point to 152.46. Meanwhile, the Financial Services Index eased 3.35 points to 17,728.85 and the Plantation Index declined 13.21 points to 7,235.62. — Bernama
New Straits Times
28-05-2025
- Business
- New Straits Times
Axiata's Q1 earnings more than double to RM160mil
KUALA LUMPUR: Axiata Group Bhd posted a strong set of results for the first quarter ended March 31, 2025 (1QFY2025), with net profit more than doubling to RM159.8 million from RM60.03 million a year earlier. This was underpinned by merger synergies, lower depreciation and amortisation expenses, favourable foreign exchange (Forex) movements and a higher profit contribution from CelcomDigi Bhd. However, its revenue fell 11.3 per cent to RM5.09 billion, weighed down by the depreciation of the Indonesian rupiah and Bangladeshi taka. The improved bottom line was also supported by reduced impairment charges, lower marketing and promotional spending, and net forex gains amounting to RM28.4 million. In a statement, the group noted that all of its telecommunications units except XLSmart, contributed to earnings growth, alongside continued momentum from CelcomDigi. "Underlying net profit was impacted by one-off losses, without which it would have recorded a 7.4 per cent growth," it said. Chairman Tan Sri Shahril Ridza Ridzuan said the results demonstrate Axiata's ability to adapt, integrate and grow amid a volatile macroeconomic environment. "With a solid financial footing, strategic clarity and strong leadership across our markets, we are laying the groundwork for enduring relevance in Southeast and South Asia's digital future. "The board remains focused on ensuring governance strength, strategic discipline and long-term resilience as we continue to shape the next chapter of the group," he added. Axiata's basic earnings per share rose to 1.7 sen in 1QFY2025 from 0.7 sen in the corresponding quarter last year. Axiata said both of its jointly controlled entities are progressing well in their integration efforts, with synergy realisation on track. CelcomDigi is expected to generate RM700 million in annual run-rate synergies by 2027, while XLSmart is targeting annual pre-tax synergies of between US$300 million (RM1.27 billion) and US$400 million within the same period. The group is actively monetising its infrastructure assets, including Link Net and Edotco Group, as part of its strategy to attract capital investment and pare down debt. Axiata's frontier market operations - Robi Axiata Ltd, Dialog Axiata PLC and Smart Axiata - continued to demonstrate resilience, posting strong profit growth and positive cash flow despite ongoing market volatility.
The Star
28-05-2025
- Business
- The Star
Axiata's 1Q net profit leaps to RM159.84mil
KUALA LUMPUR: Now in the second year of its 5*5 strategy, Axiata Group Bhd realised robust bottomline growth in the first quarter of 2025, underpinned by lower depreciation and amortisation, forex gains, lower net finance costs and a higher share of results from CelcomDigi. In the quarter under review, the telco group reported a net profit of RM159.84mil, more than double the net profit of RM60.03mil in the year-ago quarter, bringing its earnings per share to 1.7 sen from 0.7 sen previously. This was despite an 11.3% lower revenue of RM5.09bil, down from RM5.74bil in 1QFY24, due to forex translation, notably from the depreciation of the Indonesian rupiah and Bangladeshi taka. According to the group, there was substantial progress in 1QFY25 towards its strategic long-term and medium-term portfolio ambitions, driven by a sharper portfolio mindset. "The group's operational start to the new financial year clearly demonstrates our commitment to creating value from our portfolio of businesses. This quarter's performance highlights Axiata's ability to adapt, integrate and grow in a dynamic regional landscape, even amidst macroeconomic volatility," said chairman Tan Sri Shahril Ridza Ridzuan. Group CEO and managing director Vivek Sood said the group has taken steps to reposition towards its long and medium-term portfolio objectives. "We are confident that our strategic framework, focused on strengthening connectivity and convergence businesses while streamlining our portfolio for value creation and monetisation, will enable us to capitalise on significant market opportunities."
