Latest news with #RM1.19
The Star
22-05-2025
- Business
- The Star
Intraday short selling for MSM Malaysia suspended
KUALA LUMPUR: Trading of intraday short selling (IDSS) for MSM Malaysia Holdings Bhd shares has been suspended for the rest of the day as the last done price of the approved securities dropped more than 15 per cent or 15 sen from the reference price. As of 3.46 pm, MSM Malaysia lost 20 sen, or 14.39 per cent, to RM1.19 with 8.69 million shares traded. The sugar producer fluctuated between RM1.17 and RM1.39 during the trading session to date. In a special announcement today, Bursa Malaysia said the short selling under IDSS will only be activated at 8.30 am tomorrow (May 23). - Bernama
Yahoo
29-04-2025
- Business
- Yahoo
Hengyuan Refining Company Berhad Full Year 2024 Earnings: RM1.19 loss per share (vs RM1.63 loss in FY 2023)
Revenue: RM17.2b (up 12% from FY 2023). Net loss: RM357.6m (loss narrowed by 27% from FY 2023). RM1.19 loss per share (improved from RM1.63 loss in FY 2023). Our free stock report includes 1 warning sign investors should be aware of before investing in Hengyuan Refining Company Berhad. Read for free now. All figures shown in the chart above are for the trailing 12 month (TTM) period Hengyuan Refining Company Berhad shares are up 6.0% from a week ago. Be aware that Hengyuan Refining Company Berhad is showing 1 warning sign in our investment analysis that you should know about... 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
New Straits Times
29-04-2025
- Business
- New Straits Times
KLCC Property focuses on asset rejuvenation, modernisation
KUALA LUMPUR: KLCC Property Holdings Bhd (KLCCP) is maintaining a selective yet strategic approach as it explores potential new assets as part of its long-term portfolio expansion. The company remains open to opportunities that align with its core strengths and disciplined investment strategy, chairman Datuk Annies Md Ariff said. KLCC Property is exercising prudent capital management, with this year's focus firmly placed on asset rejuvenation and modernisation within the planned budget cycle, he added. "We will continue to maximise our asset potential through regeneration and modernisation efforts, leveraging strategic collaborations to deliver unique customer experiences," he said at a press conference after its annual general meeting today. Chief executive officer Datuk Mohd Salem Kailany said no new acquisitions are currently under consideration. "No current acquisition plans, locally or overseas. Earnings growth will be driven by our core strength and disciplined execution. We remain focused on being a stable, high-yielding and defensive stock. "A major step we took during the year was the acquisition of the remaining 40 per cent equity in Suria KLCC, enabling more dynamic mall management which led to a 99 per cent occupancy rate and over 50 million footfall last year," he added. For the financial year ending December 31, 2024, KLCC Property recorded a 5.7 per cent year-on-year revenue increase to RM1.7 billion, rising from RM1.62 billion in 2023. Its pre-tax profit climbed to RM1.2 billion, a modest 1.2 per cent growth compared to RM1.19 billion in the previous year. In line with the results, the company declared a record high dividend payout of 44.50 sen per stapled security, which is the highest since its listing and represents a 9.9 per cent rise from the previous year. On the hospitality front, Mandarin Oriental Kuala Lumpur recorded a 21 per cent increase in revenue per available room (RevPAR) and a 25 per cent rise in banquet and catering revenue, solidifying its position as a market leader in RevPAR. KLCC Property acknowledged ongoing global uncertainties, including tariff impacts and geopolitical risks. However, it noted that no significant direct effects have been observed thus far. The company clarified that it has no direct involvement or timeline concerning the Bandar Malaysia project. "Bandar Malaysia is not under KLCCP or KLCC Reit. It is with KLCC Holdings Sdn Bhd, and they are currently in the process of putting up a new development plan," Annies said.
Malay Mail
23-04-2025
- Business
- Malay Mail
Selangor Zakat Board sees highest-ever RM1.22b collection, majority aid for poor
SHAH ALAM, April 23 — Lembaga Zakat Selangor (LZS) has recorded its highest zakat (tithe) collection to date, reaching RM1.22 billion in 2024, as the agency ramps up support for low-income households and vulnerable communities in the state. Its chief executive officer Mohd Khaidzir Shahari said RM1.19 billion of the total was distributed to more than 370,000 asnaf, or eligible recipients, marking a three per cent increase from RM1.15 billion in aid disbursed the previous year. 'The largest share of the aid, RM707 million or 60 per cent, was allocated to the fakir (extremely poor) and miskin (poor) categories, underscoring the agency's continued commitment to supporting the most vulnerable groups in Selangor,' he said. He added that this amount in aid reached more than 77,800 needy families, a 19 per cent increase from 2023. Mohd Khaidzir shared the figures at a press conference on the state's zakat collection and distribution performance held at Menara Zakat Sultan Idris Shah, alongside LZS chairman Tan Sri Syed Anwar Jamalullail. The record-breaking figure reflects growing public confidence in the agency and a greater shift toward consistent zakat contributions through formal channels. He noted that zakat on income remained the most significant contributor by category, generating RM712 million or 58 per cent of total collections. This was followed by business zakat (RM199 million), savings zakat (RM130 million), zakat on wealth (RM70 million) and fitrah zakat (RM41 million). Salary deductions continued to be the most widely used payment method, bringing in RM546 million or 45 per cent of total funds, he said. Direct debit showed the fastest growth, increasing by 60 per cent to RM1.4 million, indicating a rising preference for automated, user-friendly payment systems, he added. He explained that LZS has also disbursed RM780 million for social development programmes, including monthly financial assistance, rental subsidies, housing construction and repairs, as well as critical medical support such as dialysis treatment. Recognising the long-term impact of education, the agency also channelled RM194 million into its education development programmes, a 13 per cent rise from 2023, Mohd Khaidzir said. The funding supported a growing number of second-generation asnaf students entering higher education and undergoing Technical and Vocational Education and Training (TVET) programmes, he added. Looking ahead, he said LZS has set a zakat collection target of RM1.328 billion for 2025 and aims to reach RM2 billion by 2030. During the same event, LZS launched the second edition of its 2024 Sustainability Report, themed Empowering Lives. The report follows the Global Reporting Initiative framework and aligns with the United Nations Sustainable Development Goals (SDG) 2030. Mohd Khaidzir said the report reflects LZS's ongoing commitment to embedding sustainability values across its operations, including initiatives in renewable energy usage, sustainable procurement, food security and long-term income generation for the asnaf community. — Bernama
Barnama
23-04-2025
- Business
- Barnama
LZS Hits Record RM1.22 Bln Collection In 2024
SHAH ALAM, April 23 (Bernama) -- Lembaga Zakat Selangor (LZS) has recorded its highest zakat (tithe) collection to date, reaching RM1.22 billion in 2024, as the agency ramps up support for low-income households and vulnerable communities in the state. Its chief executive officer Mohd Khaidzir Shahari said RM1.19 billion of the total was distributed to more than 370,000 asnaf, or eligible recipients, marking a three per cent increase from RM1.15 billion in aid disbursed the previous year. 'The largest share of the aid, RM707 million or 60 per cent, was allocated to the fakir (extremely poor) and miskin (poor) categories, underscoring the agency's continued commitment to supporting the most vulnerable groups in Selangor,' he said. He added that this amount in aid reached more than 77,800 needy families, a 19 per cent increase from 2023. Mohd Khaidzir shared the figures at a press conference on the state's zakat collection and distribution performance held at Menara Zakat Sultan Idris Shah, alongside LZS chairman Tan Sri Syed Anwar Jamalullail. The record-breaking figure reflects growing public confidence in the agency and a greater shift toward consistent zakat contributions through formal channels. He noted that zakat on income remained the most significant contributor by category, generating RM712 million or 58 per cent of total collections. This was followed by business zakat (RM199 million), savings zakat (RM130 million), zakat on wealth (RM70 million) and fitrah zakat (RM41 million). Salary deductions continued to be the most widely used payment method, bringing in RM546 million or 45 per cent of total funds, he said. Direct debit showed the fastest growth, increasing by 60 per cent to RM1.4 million, indicating a rising preference for automated, user-friendly payment systems, he added.
