Latest news with #PETRONASDagangan
The Star
3 days ago
- Business
- The Star
Slight rebound as Bursa reopens from holiday weekend
KUALA LUMPUR: Malaysian equities rebounded on Tuesday following an extended weekend, although the market is expected to remain in consolidation moade as it awaits more clarity on the global trade situation. At the open, the FBM KLCI was up 4.37 points to 1,512.72, pulled higher by heavyweight stocks that were oversold at last Friday's close. TA Securities Research said blue chips are expected to remain in profit-taking consolidation mode this week as investors should remain cautious while they await further developments regarding the judgment against US President Donald Trump's trade policies. Meanwhile, uncertainty surrounding a potential cabinet reshuffle on the local political scene, and a lack of strong buying catalysts should also keep investors on the sidelines, it said. The broker said borth short- and medium-term technical momentum and trend indicators on the FBM KLCI are turning increasingly bearish. "Immediate index resistance is kept at 1,564 with next upside hurdles seen at the recent high of 1,586, followed by 1,610 ahead. Immediate support is maintained at 1,490, while stronger supports can be found at 1,465 and 1,444," it said in its market commentary. Among the heavyweights leading the rally, PETRONAS Dagangan rose 62 sen to RM20.32, Kuala Lumpur Kepong gained 40 sen to RM19.88 and Hong Leong Bank added 14 sen to RM19.72. Top actives were Harvest Miracle unchanged at 18 sen, Bintai Kinden down 0.5 sen to seven sen and Alam Maritim unchanged at three sen.
Barnama
23-05-2025
- Business
- Barnama
PETRONAS Dagangan Records Higher Profitability For Q1 FY2025
KUALA LUMPUR, May 23 (Bernama) -- PETRONAS Dagangan Berhad (PETRONAS Dagangan) today announced a strong start to the year, posting a pre-tax profit of RM409.2 million for the first quarter ended 31 March 2025, a 25 per cent increase from the corresponding quarter (Q1 FY2024) and 13 percent increase from the preceding quarter (Q4 FY2024). This was primarily driven by lower expenditure and stable gross profit levels, offset by a marginal decline in sales volume. The softer volume was largely attributable to reduced Diesel and Mogas sales in the Retail segment, reflecting more measured domestic household spending during the festive season. In contrast, the Commercial segment recorded stronger uptake, as a result of higher demand for aviation fuel. The Convenience segment remained steady, focusing on elevating customer experiences whilst optimising the operating expenditure.
The Star
23-05-2025
- Business
- The Star
PETRONAS Dagangan's net profit jumps to RM293.5mil in 1Q
KUALA LUMPUR: Petronas Dagangan Bhd says it will continue to monitor potential indirect effects, particularly inflationary pressures on its supply chain, amid the ongoing global uncertainties. However, it remains optimistic over the resilience of the economic environment. "This positions the group to sustain its growth, anchored by steady consumer spending and robust investment activity," it said in comments accompanying its first-quarter results filing with Bursa Malaysia. In the opening quarter of 2025 (1QFY25), PETRONAS Dagangan recorded a net profit of RM293.5mil, up from RM226.04mil in 1QFY24. It reported revenue of RM9.09bil, down from RM9.39bil in the previous comparative quarter. Earnings per share rose to 29.5 sen from 22.8 sen previously. According to the group, the higher profitability was mainly driven by lower expenditure across all segments, coupled with marginal improvements on gross profit. This was further supported by favourable price trends for the commercial segment. It said the retail segment recorded lower volume from Mogas and diesel as a result of the shift towards cautious consumer spending during the festive period in the quarter under review. However, the commercial segment continued to capitalise on the higher demand for Jet A1, softening the overall reduction on total volume In line with the performance, the board of directors declared an interim dividend of 20 sen per share, payable on June 21, 2025, to those registered in the records of depositors on June 11, 2025.
Barnama
13-05-2025
- Automotive
- Barnama
PETRONAS Dagangan And Blueshark Ecosystem Form Joint Venture To Advance Two-Wheeler EV Mobility In Malaysia
KUALA LUMPUR, May 13 (Bernama) -- PETRONAS Dagangan Berhad (PETRONAS Dagangan) and Blueshark Ecosystem Sdn. Bhd. (BESB) have recently entered into a strategic joint venture (JV) to advance the distribution and adoption of electric two-wheelers (2W-EV) and related energy solutions in Malaysia, further supporting the country's low-carbon mobility agenda. The joint venture – Blueshark Malaysia Sdn. Bhd. (BMSB) – brings together PETRONAS Dagangan, via its wholly owned subsidiary, PDB Growth Solutions Sdn. Bhd. (PGSSB) and BESB. This milestone marks the continued growth of the partnership between PETRONAS Dagangan and BESB, which has evolved and expanded since the collaboration began in 2022. Following successful early deployments and steady progress in the 2W-EV segment, the partnership is now entering a more structured phase aimed at expanding its scale and impact. This next step reflects both companies' shared commitment to accelerating low-carbon mobility in support of the National Energy Transition Roadmap (NETR).
The Star
09-05-2025
- Business
- The Star
FBM KLCI ends higher amid global trade optimism, ringgit falls
KUALA LUMPUR: The FBM KLCI ended Friday on a positive note as global trade talks lifted investor sentiment, though the ringgit weakened against the US dollar. The market bellwether closed at 1,546.50, up 0.24% or 3.76 points, taking its full-week gains to 0.26%. Market breadth was flat, with gainers and decliners nearly even at 454 and 459, respectively, while 517 counters remained unchanged. Turnover stood at 2.94 billion shares worth RM1.9bil. Among the gainers, PETRONAS Dagangan rose 56 sen to RM20.38, Heineken added 22 sen to RM27.62, Chin Tek Plantations gained 18 sen to RM8.38 and TMK Chemical climbed 16 sen to RM1.30. On the other hand, Nestle tumbled RM2.02 to RM84.50, Kluang fell 22 sen to RM5.43, Allianz lost 14 sen to RM18.96 and PGF slid 12 sen to RM1.78. Meanwhile, the ringgit weakened by 0.47% against the greenback to 4.3007 and by 0.3% against the Singapore dollar to 3.3131. Reuters reported that the ringgit and Thailand's baht led losses among subdued Asian currencies on Friday, as a firmer dollar weighed on sentiment. The local currency fell as much as 1.1% to 4.322 per dollar, its weakest point since May 2, snapping a five-week winning streak with a sharp weekly decline of nearly 3%, Reuters added. Among the key regional markets: Japan's Nikkei 225 closed up 1.56% to 37,503.33; South Korea's Kospi fell 0.08% to 2,577.27; Hong Kong's Hang Seng Index rose 0.4% to 22,867.74; China's CSI 300 Index declined 0.17% to 3,846.16; Taiwan's Taiex advanced 1.81% to 20,915.04 and; Singapore's Straits Times Index added 0.7% to 3,875.19 points.
