Latest news with #MalaysianPacificIndustries
The Star
6 days ago
- Business
- The Star
FBM KLCI extends gains on upbeat GDP data
KUALA LUMPUR: The FBM KLCI rose for the second consecutive day on Friday, supported by positive second-quarter gross domestic product (GDP) data and a mixed regional market backdrop. Malaysia's economy grew 4.5% year-on-year in the second quarter, based on official advance estimates. The FBM KLCI added 4.92 points, or 0.32%, to close at 1,525.86, trading between 1,522.97 and 1,529.52 during the session. Despite Friday's gain, the benchmark index fell 0.66% for the week. Market sentiment improved on Friday, with gainers outpacing losers by 621 to 393, indicating broader buying interest. Trading activity remained steady, with a total of 3.18 billion shares changing hands, valued at RM2.8bil. Malaysian Pacific Industries , the top gainer on Bursa Malaysia, rose 30 sen to RM19.92. Kuala Lumpur Kepong added 24 sen to RM20.40, Malayan Cement climbed 23 sen to RM5.13 and Sam Engineering gained 22 sen to RM4.22. Conversely, Dutch Lady slipped 84 sen to RM27.52, PETRONAS Dagangan fell 50 sen to RM21.20, F&N eased 16 sen to RM28.86, and Mulpha International declined 15 sen to RM3.02. Meanwhile, newly listed Enproserve Group closed up 10.42%, or 2.5 sen, at 26.5 sen, with 75.85 million shares traded. On the forex market, the ringgit rose 0.12% against the US dollar to 4.2437, but slipped 0.07% against the Singapore dollar to 3.3055. Regional markets ended the day mixed. Among the key regional indices: Japan's Nikkei 225 closed down 0.21% to 39,819.11; Hong Kong's Hang Seng Index advanced 1.33% to 24,825.66; China's CSI 300 Index rose 0.6% to 4,058.55; Taiwan's Taiex added 1.17% to 23,383.13; South Korea's Kospi closed down 0.13% to 3,188.07 and; Singapore's Straits Times Index gained 0.67% to 4,189.50 points.
Free Malaysia Today
03-07-2025
- Business
- Free Malaysia Today
Tech, Petronas counters push Bursa to close at intraday high
KUALA LUMPUR : Persistent buying momentum, mostly seen in selected technology and Petronas-linked counters, pushed the FTSE Bursa Malaysia KLCI (FBM KLCI) to record another intraday high at the close today, extending its rally to five consecutive trading sessions, an analyst said. Malaysian Pacific Industries and Petronas Dagangan were among the top two gainers, rising RM1 and 44 sen to RM22.40 and RM21.70 respectively. Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said key regional indices closed mixed as investors weighed recent remarks by US Federal Reserve chair Jerome Powell, who noted that rate cuts would likely have occurred if not for President Donald Trump's tariff policies. 'In addition, there is growing investor speculation about a possible US-Japan agreement, even as Trump repeated his threat of 30%-35% tariffs on Japanese products,' he told Bernama. On the domestic front, he said the benchmark index continues to show strength, supported by steady net foreign inflows and sustained interest in heavyweight counters. 'With a solid technical foundation above the 1,530 level, we raise our weekly target to 1,530-1,560, anticipating that the index will remain firm within this range barring any unforeseen circumstances,' he said. At 5pm, the FBM KLCI rose 8.68 points, or 0.56%, to 1,550.21 from yesterday's close of 1,541.53. The benchmark index opened 1.8 points lower at 1,539.73 and subsequently hit its lowest level of 1,539.18 in early trade. The broader market was broadly positive with 531 gainers outpacing 442 decliners, while 498 counters were unchanged, 920 untraded and 14 suspended. Turnover rose to 3.11 billion units worth RM2.38 billion against 2.05 billion units worth RM2.15 billion yesterday. Among heavyweights, Maybank added four sen to RM9.76, Public Bank went up six sen to RM4.32, CIMB and IHH Healthcare increased three sen each to RM6.78 and RM6.83 respectively, while Tenaga Nasional declined 30 sen to RM14.60. As for the most active stocks, ASM Automation eased 0.5 sen to 16.5 sen, Tanco and Compugates were flat at 89 sen and 1.5 sen respectively, while YTL Corp gained eight sen to RM2.45. On the index board, the FBM Emas Index increased 57.5 points to 11,582.09, the FBMT 100 Index garnered 56.95 points to 11,360.77, and the FBM Emas Shariah Index climbed 38.42 points to 11,599.83. The FBM 70 Index improved 53.87 points to 16,611.24 while the FBM ACE Index trimmed 12.92 points to 4,479.09. By sector, the financial services index jumped 104.12 points to 17,708.76, while the industrial products and services index edged up 0.17 of-a-point to 154.47, the plantation index slipped 6.2 points to 7,395.96, and the energy index gained 5.63 points to 747.17. The Main Market volume slipped to 1.27 billion units worth RM2.09 billion against 1.4 billion units valued at RM2.02 billion yesterday. Warrants turnover surged to 1.55 billion units valued at RM198.51 million from 426 million units worth RM45.13 million previously. The ACE Market volume advanced to 283.75 million units valued at RM87.58 million versus 224.45 million units valued at RM83.02 million yesterday. Consumer products and services counters accounted for 208.81 million shares traded on the Main Market, industrial products and services (206.02 million), construction (101.61 million), technology (140.18 million), SPAC (nil), financial services (71.67 million), property (245.04 million), plantation (16.31 million), REITs (16.29 million), closed end fund (4,000), energy (69.77 million), healthcare (56.63 million), telecommunications and media (45.36 million), transportation and logistics (24.23 million), utilities (68.02 million), and business trusts (18,000).
Malay Mail
02-07-2025
- Business
- Malay Mail
Bursa Malaysia climbs for fifth day with tech stocks, foreign inflows driving gains
KUALA LUMPUR, July 2 — Persistent buying momentum, mostly seen in selected technology and Petronas-linked counters, pushed the FTSE Bursa Malaysia KLCI (FBM KLCI) to record another intraday high at the close today, extending its rally to five consecutive trading sessions, an analyst said. Malaysian Pacific Industries and Petronas Dagangan were among the top two gainers, rising RM1 and 44 sen to RM22.40 and RM21.70 respectively. At 5pm, the FBM KLCI rose 8.68 points, or 0.56 per cent, to 1,550.21 from yesterday's close of 1,541.53. The benchmark index opened 1.8 points lower at 1,539.73 and subsequently hit its lowest level of 1,539.18 in early trade. The broader market was broadly positive with 531 gainers outpacing 442 decliners, while 498 counters were unchanged, 920 untraded and 14 suspended. Turnover rose to 3.11 billion units worth RM2.38 billion against 2.05 billion units worth RM2.15 billion yesterday. Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said key regional indices closed mixed as investors weighed recent remarks by US Federal Reserve chair Jerome Powell, who noted that rate cuts would likely have occurred if not for President Donald Trump's tariff policies. 'In addition, there is growing investor speculation about a possible US–Japan agreement, even as Trump repeated his threat of 30–35 per cent tariffs on Japanese products,' he told Bernama. On the domestic front, he said the benchmark index continues to show strength, supported by steady net foreign inflows and sustained interest in heavyweight counters. 'With a solid technical foundation above the 1,530 level, we raise our weekly target to 1,530–1,560, anticipating that the index will remain firm within this range barring any unforeseen circumstances,' he said. Among heavyweights, Maybank added 4.0 sen to RM9.76, Public Bank went up 6.0 sen to RM4.32, CIMB and IHH Healthcare increased 3.0 sen to RM6.78 and RM6.83 respectively, while Tenaga Nasional declined 30 sen to RM14.60. As for the most active stocks, ASM Automation eased half-a-sen to 16.5 sen, Tanco and Compugates were flat at 89 sen and 1.5 sen respectively, while YTL Corp gained 8.0 sen to RM2.45. On the index board, the FBM Emas Index increased 57.5 points to 11,582.09, the FBMT 100 Index garnered 56.95 points to 11,360.77, and the FBM Emas Shariah Index climbed 38.42 points to 11,599.83. The FBM 70 Index improved 53.87 points to 16,611.24 while the FBM ACE Index trimmed 12.92 points to 4,479.09. By sector, the Financial Services Index jumped 104.12 points to 17,708.76, while the Industrial Products and Services Index edged up 0.17 of-a-point to 154.47, the Plantation Index slipped 6.2 points to 7,395.96, and the Energy Index gained 5.63 points to 747.17. The Main Market volume slipped to 1.27 billion units worth RM2.09 billion against 1.40 billion units valued at RM2.02 billion yesterday. Warrants turnover surged to 1.55 billion units valued at RM198.51 million from 426 million units worth RM45.13 million previously. The ACE Market volume advanced to 283.75 million units valued at RM87.58 million versus 224.45 million units valued at RM83.02 million yesterday. Consumer products and services counters accounted for 208.81 million shares traded on the Main Market, industrial products and services (206.02 million), construction (101.61 million), technology (140.18 million), SPAC (nil), financial services (71.67 million), property (245.04 million), plantation (16.31 million), REITs (16.29 million), closed end fund (4,000), energy (69.77 million), healthcare (56.63 million), telecommunications and media (45.36 million), transportation and logistics (24.23 million), utilities (68.02 million), and business trusts (18,000). — Bernama
Yahoo
23-06-2025
- Business
- Yahoo
Those who invested in Malaysian Pacific Industries Berhad (KLSE:MPI) five years ago are up 96%
When we invest, we're generally looking for stocks that outperform the market average. And in our experience, buying the right stocks can give your wealth a significant boost. For example, long term Malaysian Pacific Industries Berhad (KLSE:MPI) shareholders have enjoyed a 85% share price rise over the last half decade, well in excess of the market return of around 6.6% (not including dividends). So let's investigate and see if the longer term performance of the company has been in line with the underlying business' progress. We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. In his essay The Superinvestors of Graham-and-Doddsville Warren Buffett described how share prices do not always rationally reflect the value of a business. One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). Over half a decade, Malaysian Pacific Industries Berhad managed to grow its earnings per share at 6.6% a year. This EPS growth is lower than the 13% average annual increase in the share price. So it's fair to assume the market has a higher opinion of the business than it did five years ago. And that's hardly shocking given the track record of growth. The graphic below depicts how EPS has changed over time (unveil the exact values by clicking on the image). We know that Malaysian Pacific Industries Berhad has improved its bottom line lately, but is it going to grow revenue? If you're interested, you could check this free report showing consensus revenue forecasts. When looking at investment returns, it is important to consider the difference between total shareholder return (TSR) and share price return. Whereas the share price return only reflects the change in the share price, the TSR includes the value of dividends (assuming they were reinvested) and the benefit of any discounted capital raising or spin-off. Arguably, the TSR gives a more comprehensive picture of the return generated by a stock. As it happens, Malaysian Pacific Industries Berhad's TSR for the last 5 years was 96%, which exceeds the share price return mentioned earlier. This is largely a result of its dividend payments! While the broader market lost about 7.2% in the twelve months, Malaysian Pacific Industries Berhad shareholders did even worse, losing 47% (even including dividends). Having said that, it's inevitable that some stocks will be oversold in a falling market. The key is to keep your eyes on the fundamental developments. On the bright side, long term shareholders have made money, with a gain of 14% per year over half a decade. It could be that the recent sell-off is an opportunity, so it may be worth checking the fundamental data for signs of a long term growth trend. While it is well worth considering the different impacts that market conditions can have on the share price, there are other factors that are even more important. Take risks, for example - Malaysian Pacific Industries Berhad has 1 warning sign we think you should be aware of. If you like to buy stocks alongside management, then you might just love this free list of companies. (Hint: many of them are unnoticed AND have attractive valuation). Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on Malaysian exchanges. — Investing narratives with Fair Values Vita Life Sciences Set for a 12.72% Revenue Growth While Tackling Operational Challenges By Robbo – Community Contributor Fair Value Estimated: A$2.42 · 0.1% Overvalued Vossloh rides a €500 billion wave to boost growth and earnings in the next decade By Chris1 – Community Contributor Fair Value Estimated: €78.41 · 0.1% Overvalued Intuitive Surgical Will Transform Healthcare with 12% Revenue Growth By Unike – Community Contributor Fair Value Estimated: $325.55 · 0.6% Undervalued View more featured narratives — 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.
The Star
13-06-2025
- Business
- The Star
Bursa Malaysia ends lower as geopolitical tensions spark risk-off mood
KUALA LUMPUR: Bursa Malaysia closed lower on Friday as investors turned cautious amid growing external uncertainties, with escalating Israel-Iran tensions weighing on sentiment. The FBM KLCI ended 8.51 points, or 0.56%, lower at 1,518.11, recovering slightly from an intraday low of 1,515.10 and snapping a two-day winning streak. Over the week, however, the index still posted a modest gain of 0.09%. In the broader market, selling dominated as 764 stocks fell and only 250 rose, pushing market breadth down to 0.33. With losers outpacing gainers by over three to one, it was clear that the bears were in control of the market. Among the losers, Nestle tumbled RM2.56 to RM73.82, Malaysian Pacific Industries slid RM1.02 to RM20, Allianz fell 38 sen to RM19.02 and Hong Leong Financial Group lost 28 sen to RM16.36. On the other hand, United Plantations gained 18 sen to RM21.98, PETRONAS Dagangan added 18 sen to RM20.94, Heineken rose 14 sen to RM27.32 and F&N climbed 12 sen to RM28.32. Refiners posted notable gains as oil prices surged following Israel's military strike on Iran. Petron Malaysia Refining & Marketing added 14 sen to RM3.88, while Hengyuan Refining Company climbed 13 sen to RM1.85. LEAP Market-listed Ping Edge Technology closed at 35 sen, up 52.17% or 12 sen from its issue price of 23 sen. Meanwhile, the ringgit was quoted at 4.2465 against the US dollar, down 0.63%, and at 3.3100 against the Singapore dollar, a decline of 0.39%. Among the key regional markets: Japan's Nikkei 225 closed down 0.89% to 37,834.25; Hong Kong's Hang Seng Index fell 0.59% to 23,892.56; China's CSI 300 Index eased 0.72% to 3,864.18; Taiwan's Taiex declined 0.96% to 22,072.95; South Korea's Kospi closed down 0.87% to 2,894.62 and; Singapore's Straits Times Index fell 0.27% to 3,911.42 points.
