Latest news with #BinaPuriHoldingsBhd
Malaysian Reserve
28-04-2025
- Business
- Malaysian Reserve
Stockbrokers scramble after hackers penetrate trading platforms
MALAYSIAN-based stockbrokers have taken measures to beef up trading platforms after hackers successfully penetrated some of their systems. As at press time, the regulators have confirmed the hacking incidents and urged the stockbrokers to improve their security layers, but they have yet to provide details as to what actually transpired and how much damage has been caused. One local stockbroking firm has requested its clients to update their login credentials on their next platform access, effective immediately. 'As part of our ongoing commitment to maintaining the highest standards of cybersecurity and regulatory compliance, we are introducing enhanced security measures on our trading platform,' it said in a note to its clients today. The incidents in Malaysia follow similar occurrences in Japan where Japanese brokerages have reported at least 1,454 cases of hacked trading worth almost ¥100 billion (RM3.1 billion) since February, as phishing scams soar in the country, according to one report. On Friday, Malaysian securities regulators said the Malaysian capital market was running as usual despite the attempted hacking into the system of a number of stockbrokers. In a joint statement, the Securities Commission and Bursa Malaysia said the regulators received reports on April 24 of a few brokers identifying failed client logins or unauthorised access and trading activities executed via limited clients' online trading accounts. 'The market will open as usual on 25 April 2025. Capital market regulators are committed to ensure the marketplace remains fair and orderly,' it said in the statement. The statement did not identify what caused the incident, but outlined two actions 'undertaken thus far to minimise the risk of further unauthorised access and/or trading'. First, they have advised all brokers to immediately alert clients to undertake passwords and login credentials reset to enhance the security of their accounts. Second, it said all brokers have been asked to implement additional security measures to enhance authentication such as implementing multi-factor authentication and stricter password policies. 'Capital market regulators and brokers are on alert and remain vigilant, while working closely to ascertain the root cause of the incident, and to implement any further necessary measures,' it said. Construction company Bina Puri Holdings Bhd was reported to be one of the counters impacted by the hackers. The penny stock counter saw an extraordinary surge of trades on yesterday when the stock closed 4 sen up at 37.5. However, today (April 25), the counter plunged 11 sen or 29% to 26.5 sen. 'It makes us wonder why they chose a penny stock. Maybe it's the hackers' way of telling you that we are in your system,' said an investment banker. On April 18, Bloomberg reported the number of unauthorised trades reported by Japanese brokerages has climbed to 736 in the first 16 days of April, compared with 685 for all of March and 33 in February. So far this month six online brokerages have been affected, the Financial Services Agency (FSA) said in a press release. In many cases, hackers sold stocks of accounts they infiltrated, using the proceeds to buy Chinese shares, the FSA said. Unauthorised selling orders amounted to ¥50.6 billion since February while buy orders reached ¥44.8 billion. Nomura Holdings Inc, SMBC Nikko Securities Inc and SBI Holdings Inc are among firms that have seen instances of fraudulent transactions after they were first discovered at Rakuten Securities Inc in late March. Following the surge in hacked trading, industry group Japan Securities Dealers Association urged brokerages to tighten authentication requirements for client accounts, the report added. — TMR
BusinessToday
25-04-2025
- Business
- BusinessToday
FBM KLCI Steady, Broader Market Advances Led by Mid-Caps and Tech
Bursa Malaysia was mixed at mid-day, with the FBM KLCI holding near the flatline while broader indices posted modest gains amid cautious investor sentiment heading into the weekend. At 12.30 pm, the FBM KLCI edged up 0.42 points to 1,506.94, off an intraday high of 1,512.29, as profit-taking in selected blue chips capped broader upside. The FBM 70 led the day's advance, rising 137.32 points or 0.88% to 15,714.50, lifted by interest in mid-cap counters. The FBM Emas gained 34.53 points to 11,189.07, while the FBM Shariah rose 45.57 points to 11,034.89. The FTSE4Good Bursa Malaysia Index also climbed 2.55 points to 902.15, tracking the broader market tone. Among the most actively traded stocks, Bina Puri Holdings Bhd (BPURI) topped the volume chart with over 488 million shares done. The stock fell 12 sen to 25.5 sen after hitting a high of 31 sen earlier. Rapid Synergy Bhd (RTECH) surged 4 sen to 28.5 sen with 292 million shares traded, followed by Yong Tai Bhd, which added 0.5 sen to 22.5 sen. NationGate Holdings Bhd (NATGATE) advanced 7 sen to RM1.25 on brisk volume of 252 million shares, while Tanco Holdings Bhd inched up 0.5 sen to 86 sen. Overall market breadth was positive, with rising interest in mid-cap and tech-related counters helping offset range-bound movement in index heavyweights. Related
New Straits Times
25-04-2025
- Business
- New Straits Times
Short selling of Bina Puri suspended after shares plunge
KUALA LUMPUR: Short selling in Bina Puri Holdings Bhd has been suspended after the stock's share price dropped as much as 42.7 per cent or 16 sen to 21.5 sen in early trade. At midday break, its share price stood at 25.5 sen, down 32 per cent or 12 sen from its closing price of 37.5 sen on Thursday. Year-to-date, the stock tumbled 5.56 per cent, bringing its market value to RM279.79 million. Bina Puri's share price was badly affected after a news report said that the stock and its Warrant B were hit by a major hacking incident. On Thursday, the stock saw active trading activity after its shares soared to a high of 40 sen before settling at 37.5 sen. Earlier today, the Securities Commission and Bursa Malaysia have confirmed that the capital market will open as usual, following reports of unauthorised access involving several online trading accounts. In a joint statement, the exchange regulators said immediate measures were taken across the board to safeguard investors and contain the situation. They said brokers have been advised to promptly alert their clients to reset their passwords and login credentials to enhance account security.
Yahoo
03-03-2025
- Business
- Yahoo
Bina Puri Holdings Bhd Second Quarter 2025 Earnings: EPS: RM0.002 (vs RM0.023 loss in 2Q 2024)
Revenue: RM46.6m (up 8.8% from 2Q 2024). Net income: RM1.31m (up from RM15.2m loss in 2Q 2024). Profit margin: 2.8% (up from net loss in 2Q 2024). EPS: RM0.002 (up from RM0.023 loss in 2Q 2024). All figures shown in the chart above are for the trailing 12 month (TTM) period Bina Puri Holdings Bhd's share price is broadly unchanged from a week ago. We don't want to rain on the parade too much, but we did also find 4 warning signs for Bina Puri Holdings Bhd (1 is a bit unpleasant!) that you need to be mindful of. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
