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New Straits Times
7 days ago
- Business
- New Straits Times
IOI Corp 3Q net profit soars to RM262.3mil on strong plantation performance
KUALA LUMPUR: IOI Corporation Bhd's net profit for the third quarter ended March 31, 2025 (3Q) jumped by 113 per cent to RM262.30 million from RM123.10 million in 3Q a year ago. The rise in profit was due mainly to higher contribution from the plantation segment, partially offset by lower contribution from the resource-based manufacturing segment. Revenue increased by 11 per cent to RM2.73 billion from RM2.46 billion in the same period a year ago, said the leading global integrated and sustainable palm oil player in a filing with Bursa Malaysia. The plantation segment's 3Q profit before tax (PBT) of RM310.6 million was 27 per cent higher than 3Q PBT a year ago of RM244.9 million, due to higher crude palm oil (CPO) and palm kernel prices realised and higher share of results from associates, but was partially offset by higher CPO stock level, lower fresh fruit bunches (FFB) production and lower oil extraction rate. "The resource-based manufacturing segment profit in the quarter reviewed was RM71.1 million as compared to profit in 3Q of RM44.4 million previously, due mainly to reduced contribution from the oleochemical sub-segment with lower sales volume and lower share of results from associate, but was partially mitigated by higher contribution from the refinery sub-segment with higher margin," IOI Corp said. For the cumulative nine-month period, the group posted a higher net profit of RM1.08 billion from RM762.50 million in the same period a year ago, while revenue increased to RM8.37 billion from RM7.06 billion previously. IOI Corp projects the CPO price to range between RM3,700 and RM4,000 per tonne for the rest of its financial year ending June 30, 2025 (FY2025). For the plantation segment, FFB production for 4Q FY2025 is expected to recover significantly over 3Q FY2025, and anticipates that this higher FFB production will help sustain a steady financial performance, despite the lower CPO price expected for 4Q FY2025. "Overall, the group expects its operating and financial performance for 4Q FY2025 to be satisfactory," it added. -- BERNAMA
Free Malaysia Today
05-05-2025
- Business
- Free Malaysia Today
Bursa closes marginally lower on profit-taking activities
KUALA LUMPUR : Bursa Malaysia closed marginally lower due to profit-taking activities on telecommunications, construction and energy stocks, analysts said. Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said key regional indices climbed modestly on the back of stronger local currencies, while trading volumes were light due to market closures in China and Hong Kong. 'Back home, we see today's profit-taking as a constructive pause, enabling the market to digest recent gains and establish a firmer base for sustained upside. 'This also presents an opportunity for bargain hunters, given the cheaper valuations of the benchmark index. 'We anticipate the FTSE Bursa Malaysia KLCI (FBM KLCI) to trend within the range of 1,525-1,555 for the week,' Thong told Bernama. At 5pm, the FBM KLCI declined by 0.19%, or 2.95 points, to 1,539.54 from last Friday's close of 1,542.49. The market bellwether opened 0.71 of-a-point easier at 1,541.78 and moved between 1,534.52 and 1,548.95 throughout the trading session. Turnover decreased to 2.34 billion units worth RM2.08 billion against Friday's 2.73 billion units valued at RM2.46 billion. Among the heavyweights, 99 Speed Mart fell five sen to RM2.22, CelcomDigi shed seven sen to RM3.78, Kuala Lumpur Kepong declined 34 sen to RM19.52, Maxis slid six sen to RM3.65 and Petronas Dagangan lost 26 sen to RM19.24. In active trade, ACE Market debutant West River shed two sen to 37 sen, SFP Tech gained 1.5 sen to 23.5 sen, NationGate shaved five sen to RM1.47, Velesto was flat at 15.5 sen and MyEG eased two sen to 88.5 sen. On the index board, the FBM Emas Index was 48.20 points lower at 11,441.18, the FBMT 100 Index depreciated 41.98 points to 11,215.26, and the FBM Emas Shariah Index weakened 86.85 points to 11,303.49. The FBM 70 Index dwindled 142.05 points to 16,132.49, and the FBM ACE Index slid 24.14 points to 4,625.06. Across sectors, the financial services index rose 35.22 points to 18,276.17 while the industrial products and services index fell 0.50 of-a-point to 151.79, the energy index trimmed 12.26 points to 682.71, and the plantation index dropped 35.15 points to 7,248.62. The Main Market volume narrowed to 1.51 billion units valued at RM1.91 billion against last Friday's 1.70 billion units worth RM2.04 billion. Warrants turnover decreased to 373.95 million units worth RM22.31 million from 689.48 million units valued at RM75.64 million previously. The ACE Market volume increased to 454.30 million units valued at RM139.10 million compared with 341.65 million units worth RM108.73 million on Friday. Consumer products and services counters accounted for 213.85 million shares traded on the Main Market, industrial products and services (227.14 million), construction (185.09 million), technology (238.31 million), SPAC (nil), financial services (53.31 million), property (206.55 million), plantation (16.86 million), REITs (18.85 million), closed/fund (11,200), energy (171.06 million), healthcare (60.85 million), telecommunications and media (32.68 million), transportation and logistics (32.16 million), utilities (58.01 million), and business trusts (5,000).
Malay Mail
05-05-2025
- Business
- Malay Mail
Bursa Malaysia closes marginally lower on profit-taking activities
KUALA LUMPUR, May 5 — Bursa Malaysia closed marginally lower due to profit-taking activities on telecommunications, construction and energy stocks, analysts said. At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) declined by 0.19 per cent, or 2.95 points, to 1,539.54 from last Friday's close of 1,542.49. The market bellwether opened 0.71 of-a-point easier at 1,541.78 and moved between 1,534.52 and 1,548.95 throughout the trading session. Turnover decreased to 2.34 billion units worth RM2.08 billion against Friday's 2.73 billion units valued at RM2.46 billion. Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said key regional indices climbed modestly on the back of stronger local currencies, while trading volumes were light due to market closures in China and Hong Kong. 'Back home, we see today's profit-taking as a constructive pause, enabling the market to digest recent gains and establish a firmer base for sustained upside. 'This also presents an opportunity for bargain hunters given the cheaper valuations of the benchmark index. We anticipate the FBM KLCI to trend within the range of 1,525-1,555 for the week,' Thong told Bernama. Among the heavyweights, 99 Speed Mart fell five sen to RM2.22, CelcomDigi shed seven sen to RM3.78, Kuala Lumpur Kepong declined 34 sen to RM19.52, Maxis slid six sen to RM3.65 and Petronas Dagangan lost 26 sen to RM19.24. In active trade, ACE Market debutant West River shed two sen to 37 sen, SFP Tech gained 1.5 sen to 23.5 sen, Nationgate shaved five sen to RM1.47, Velesto was flat at 15.5 sen and MYEG was eased two sen to 88.5 sen. On the index board, the FBM Emas Index was 48.20 points lower at 11,441.18, the FBMT 100 Index depreciated 41.98 points to 11,215.26, and the FBM Emas Shariah Index weakened 86.85 points to 11,303.49. The FBM 70 Index dwindled 142.05 points to 16,132.49, and the FBM ACE Index slid 24.14 points to 4,625.06. Across sectors, the Financial Services Index rose 35.22 points to 18,276.17 while the Industrial Products and Services Index fell 0.50 of-a-point to 151.79, the Energy Index trimmed 12.26 points to 682.71, and the Plantation Index dropped 35.15 points to 7,248.62. The Main Market volume narrowed to 1.51 billion units valued at RM1.91 billion against last Friday's 1.70 billion units worth RM2.04 billion. Warrants turnover decreased to 373.95 billion units worth RM22.31 million from 689.48 billion units valued at RM75.64 million previously. The ACE Market volume increased to 454.30 million units valued at RM139.10 million compared with 341.65 million units worth RM108.73 million on Friday. Consumer products and services counters accounted for 213.85 million shares traded on the Main Market, industrial products and services (227.14 million), construction (185.09 million), technology (238.31 million), SPAC (nil), financial services (53.31 million), property (206.55 million), plantation (16.86 million), REITs (18.85 million), closed/fund (11,200), energy (171.06 million), healthcare (60.85 million), telecommunications and media (32.68 million), transportation and logistics (32.16 million), utilities (58.01 million), and business trusts (5,000). — Bernama
New Straits Times
05-05-2025
- Business
- New Straits Times
Bursa Malaysia closes marginally lower on profit-taking activities
Bernama KUALA LUMPUR: Bursa Malaysia closed marginally lower due to profit-taking activities on telecommunications, construction and energy stocks, analysts said. At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) declined by 0.19 per cent, or 2.95 points, to 1,539.54 from last Friday's close of 1,542.49. The market bellwether opened 0.71 of-a-point easier at 1,541.78 and moved between 1,534.52 and 1,548.95 throughout the trading session. Turnover decreased to 2.34 billion units worth RM2.08 billion against Friday's 2.73 billion units valued at RM2.46 billion. Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said key regional indices climbed modestly on the back of stronger local currencies, while trading volumes were light due to market closures in China and Hong Kong. "Back home, we see today's profit-taking as a constructive pause, enabling the market to digest recent gains and establish a firmer base for sustained upside. "This also presents an opportunity for bargain hunters given the cheaper valuations of the benchmark index. We anticipate the FBM KLCI to trend within the range of 1,525-1,555 for the week," Thong told Bernama.
Malaysian Reserve
05-05-2025
- Business
- Malaysian Reserve
Bursa Malaysia closes marginally lower on profit-taking activities
KUALA LUMPUR — Bursa Malaysia closed marginally lower due to profit-taking activities on telecommunications, construction and energy stocks, analysts said. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) declined by 0.19 per cent, or 2.95 points, to 1,539.54 from last Friday's close of 1,542.49. The market bellwether opened 0.71 of-a-point easier at 1,541.78 and moved between 1,534.52 and 1,548.95 throughout the trading session. Turnover decreased to 2.34 billion units worth RM2.08 billion against Friday's 2.73 billion units valued at RM2.46 billion. Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said key regional indices climbed modestly on the back of stronger local currencies, while trading volumes were light due to market closures in China and Hong Kong. 'Back home, we see today's profit-taking as a constructive pause, enabling the market to digest recent gains and establish a firmer base for sustained upside. 'This also presents an opportunity for bargain hunters given the cheaper valuations of the benchmark index. We anticipate the FBM KLCI to trend within the range of 1,525-1,555 for the week,' Thong told Bernama. Among the heavyweights, 99 Speed Mart fell five sen to RM2.22, CelcomDigi shed seven sen to RM3.78, Kuala Lumpur Kepong declined 34 sen to RM19.52, Maxis slid six sen to RM3.65 and Petronas Dagangan lost 26 sen to RM19.24. In active trade, ACE Market debutant West River shed two sen to 37 sen, SFP Tech gained 1.5 sen to 23.5 sen, Nationgate shaved five sen to RM1.47, Velesto was flat at 15.5 sen and MYEG was eased two sen to 88.5 sen. — BERNAMA
