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New Straits Times
4 days ago
- Business
- New Straits Times
UEM edgenta secures order book worth RM1.1bil in Q1, bringing total to RM9.3bil
KUALA LUMPUR: UEM Edgenta Bhd has secured an order book worth RM1.1 billion in the first quarter ended March 31, 2025 (1Q FY2025), bringing the company's cumulative order book to RM9.3 billion as at March 31, 2025. Chief financial officer Ahmad Fazril Fauzi said the RM1.1 billion represents 39 per cent of the total order book secured in FY2024. "We secured RM2.8 billion for the whole of last year, and by the first quarter of this year, we have already achieved 39 per cent of that," he said during a virtual analyst and media briefing today. Of the RM9.3 billion order book, RM5.8 billion is contributed by infrastructure services, followed by healthcare solutions (RM2.5 billion), property and facility solutions (RM600 million), and asset consultancy (RM400 million). "We are bullish on the performance going forward, supported by the positive momentum of its international operations as we secured contract wins in key markets such as Saudi Arabia, the United Arab Emirates (UAE) and Singapore. "The group's operations in Saudi Arabia and the UAE achieved a strong 24 per cent year-on-year revenue growth, driven by effective integration efforts and the scaling of newly acquired entities" he added. Elaborating further, he added that in Singapore, new contract wins amounting to RM462.8 million within the Healthcare Solutions division contributed to an encouraging order book, while additional wins in Taiwan (RM328.7 million) are also supporting the group's efforts to stabilise and strengthen its business performance. Commenting on its financial results ended March 31, 2025, Ahmad Fazril said the company is expected to return to profitability as early as the second quarter after recording losses in 1Q FY2025. He attributed the losses to cyclical factors. UEM Edgenta turned red in 1QFY2025, registering a net loss of RM17.95 million compared with RM9.77 million in the same quarter a year ago, while revenue declined to RM646.06 million versus RM677.6 million recorded previously.
The Star
4 days ago
- Business
- The Star
UEM Edgenta secures order book worth RM1.1bil in 1Q25, bringing total to RM9.3bil
KUALA LUMPUR: UEM Edgenta Bhd has secured an order book worth RM1.1 billion in the first quarter ended March 31, 2025 (1Q FY2025), bringing the company's cumulative order book to RM9.3 billion as at March 31, 2025. Chief financial officer Ahmad Fazril Fauzi said the RM1.1 billion represents 39 per cent of the total order book secured in FY2024. "We secured RM2.8 billion for the whole of last year, and by the first quarter of this year, we have already achieved 39 per cent of that," he said during a virtual analyst and media briefing today. Of the RM9.3 billion order book, RM5.8 billion is contributed by infrastructure services, followed by healthcare solutions (RM2.5 billion), property and facility solutions (RM600 million), and asset consultancy (RM400 million). "We are bullish on the performance going forward, supported by the positive momentum of its international operations as we secured contract wins in key markets such as Saudi Arabia, the United Arab Emirates (UAE) and Singapore. "The group's operations in Saudi Arabia and the UAE achieved a strong 24 per cent year-on-year revenue growth, driven by effective integration efforts and the scaling of newly acquired entities" he added. Elaborating further, he added that in Singapore, new contract wins amounting to RM462.8 million within the Healthcare Solutions division contributed to an encouraging order book, while additional wins in Taiwan (RM328.7 million) are also supporting the group's efforts to stabilise and strengthen its business performance. Commenting on its financial results ended March 31, 2025, Ahmad Fazril said the company is expected to return to profitability as early as the second quarter after recording losses in 1Q FY2025. He attributed the losses to cyclical factors. UEM Edgenta turned red in 1QFY2025, registering a net loss of RM17.95 million compared with RM9.77 million in the same quarter a year ago, while revenue declined to RM646.06 million versus RM677.6 million recorded previously. - Bernama
Business Times
26-05-2025
- Business
- Business Times
Maybank Q1 net profit rises 4% to RM2.6 billion
[SINGAPORE] Maybank's net profit for the quarter ended Mar 31, 2025, increased 4 per cent to RM2.6 billion (S$790 million), up from RM 2.5 billion in the previous corresponding period. Earnings per share increased to 21.45 sen, from 20.63 sen in the year-ago period. Return on equity was 11.3 per cent, up from 10.8 per cent in Q1 FY2024. In a business update on Monday (May 26), the lender attributed the improved performance to increases in both its net fund-based income and non-interest income, which brought net operating income up 1.8 per cent year on year at RM7.7 billion. Net fund-based income increased 2.3 per cent to RM5 billion. The group noted a stable net interest margin of 2.04 per cent, which was fuelled by a 3.2 per cent increase year on year in loans across all home markets and key segments. For the quarter, group loans increased in all markets, with Malaysia, Singapore and Indonesia up 8, 5.9 and 0.8 per cent year on year, respectively. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up However, the group added that annualised loans growth was lower at 2.2 per cent, which was 'reflective of the current operating environment which continued to be impacted by cautious business sentiment and moderated credit demands'. Non-interest income ticked up 0.8 per cent to RM2.8 billion, supported by a 28 per cent increase in wealth fees to RM300 million. However, the global markets segment dipped 4 per cent to RM700 million on reduced capital gains for bonds arising from economic uncertainties. Overhead costs increased to RM3.74 billion from RM3.66 billion on inflationary pressures, higher personnel expenses, marketing costs and software maintenance expenses. Maybank's president and group CEO, Khairussaleh Ramli, said that it continued to deliver commendable earnings growth for the first quarter, underpinned by stable net interest margins and better asset quality as well as disciplined cost management, despite ongoing global macroeconomic headwinds. Looking forward, the group notes a backdrop of uncertainty and volatility on the possibility of US reciprocal tariffs, which would slow global gross domestic product growth. Maybank added that it will continue to 'double down on penetration of its extensive customer base through focus on segments, cross-selling endeavours and leveraging ecosystem partnerships regionally' and focus on its 'super growth' areas of wealth management, mid-market cap, non-retail and bancassurance segments while tapping on global market flows. The group's FY2025 guidance sees loans growth at 5 to 6 per cent, return on equity of more than or equal to 11.3 per cent and net credit charge off rate of less than or equal to 30 basis points.
![News@9: Today's top headlines - May 22, 2025 [WATCH]](/_next/image?url=https%3A%2F%2Fassets.nst.com.my%2Fimages%2Farticles%2FAnwar_1747919235.jpg&w=3840&q=100)
New Straits Times
22-05-2025
- Politics
- New Straits Times
News@9: Today's top headlines - May 22, 2025 [WATCH]
Good evening. You're watching News@9. Here are today's biggest stories. Prime Minister Datuk Seri Anwar Ibrahim said the government will review the proposal to raise the retirement age to 65. MACC chief Tan Sri Azam Baki clarified that Datin Seri Pamela Ling was never a suspect in the money laundering probe and was only called in to give a statement as a witness on the day she disappeared. Corruption trial to proceed Datuk Seri Bung Moktar Radin and Datin Seri Zizie Izette Abd Samad must enter their defence on RM2.8 million corruption charges after the Court of Appeal dismissed their final bid to review the case. Teoh Beng Hock case closed The Attorney-General's Chambers has classified the 2009 death of Teoh Beng Hock as "No Further Action," citing insufficient evidence. That's it for News@9.
Borneo Post
22-05-2025
- Politics
- Borneo Post
Appellate Court dismisses final review bid by Bung, wife over graft case
Bung Moktar at the Court of Appeal in Putrajaya on Thursday. – Bernama photo PUTRAJAYA (May 22): Kinabatangan Member of Parliament Datuk Seri Bung Moktar Radin and his wife Datin Seri Zizie Izette Abdul Samad failed in their final attempt to challenge the Court of Appeal's decision ordering them to enter their defence on three corruption charges involving RM2.8 million. This followed a decision by a three-member panel of the Court of Appeal, led by Justice Datuk Che Mohd Ruzima Ghazali, which unanimously dismissed the couple's application for leave to review the decision. Justice Che Mohd Ruzima, who sat with Court of Appeal judges Datuk Azizul Azmi Adnan and Datuk Ahmad Kamal Md Shahid, said the couple failed to demonstrate exceptional circumstances or a miscarriage of justice that would justify a review of the ruling. On Nov 18 last year, a Court of Appeal panel led by Justice Datuk Ahmad Zaidi Ibrahim allowed the prosecution's appeal and overturned the High Court's decision to acquit Bung Moktar and Zizie Izette, ordering both to enter their defence. The couple filed the leave applications in March this year under Rule 105 of the Rules of the Court of Appeal 1994, contending that the previous Court of Appeal panel lacked jurisdiction to hear the prosecution's appeal and wanted the review panel to reinstate the High Court ruling. In delivering the court's decision, Justice Che Mohd Ruzima said the Court of Appeal had always exercised caution when invoking its power to review earlier decisions, as such a review, on the face of it, runs contrary to the principle of finality. The judge said that when counsel for Bung Moktar and Zizie Izette submitted that there had been an injustice in the case, the court observed that the couple were not without an alternative remedy. 'The point raised before us can be canvassed in an appeal from the Sessions Court, should a conviction subsequently be recorded. We are of the view that the threshold requirements for leave to review the prior decision of this court have not been met. 'We are also of the view that this is a point that may validly be raised at the end of the defence case. For these reasons, we find that the threshold requirement for leave to review this court's previous decision has not been fulfilled. Therefore, this application is dismissed,' he said. In Thursday's proceedings, the prosecution was represented by deputy public prosecutors Law Chin How, Mohd Fadhly Mohd Zamry and Maziah Mohaide, while lawyers Datuk Seri K. Kumaraendran and M. Athimulan appeared for Bung Moktar and Zizie Izette, respectively. Following this ruling Thursday, Bung Moktar and Zizie Izette are scheduled to enter their defence on corruption charges before Sessions Court Judge Rosli Ahmad on Aug 18. In September 2022, the Sessions Court ordered the couple to enter their defence. The couple succeeded in overturning the ruling through revision applications they had filed at the High Court. This prompted the prosecution to appeal to the Court of Appeal. Bung Moktar, 65, who was then the non-executive chairman of Felcra Berhad, was charged on May 3, 2019, with two charges of accepting bribes of RM2.2 million and RM262,500 as an inducement to obtain Felcra's approval to invest RM150 million in Public Mutual unit trusts. He was alleged to have accepted the bribes from Public Mutual Berhad's investment agent Madhi Abdul Hamid through Zizie Izette, 46, at Public Bank Taman Melawati Branch, Kuala Lumpur between 12.30 pm and 5 pm on June 12, 2015. Bung Moktar was also charged with receiving RM337,500 in cash from Unit Amanah consultant, Norhaili Ahmad Mokhtar, under the name of Zizie Izette for the same reason and place on June 19, 2015, while Zizie Izette was charged with three counts of abetting her husband over the matter at the same place, date and time. On April 9, this year, the Sessions Court allowed the couple's application to stay the defence proceeding pending the outcome of the review application. – Bernama
