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New Straits Times
06-08-2025
- Business
- New Straits Times
Malaysia's latest corporate earnings season kicks off
KUALA LUMPUR: Malaysia's quarterly corporate earnings season is underway, with listed companies on Bursa Malaysia beginning to release their second quarter (Q2) results throughout August. Investors and traders are keenly watching the financial disclosures to recalibrate their strategies amid a mix of macroeconomic resilience and evolving sector-specific dynamics. Rakuten Trade said early indicators point to continued strength in banking, technology, consumer and utilities. Select counters are expected to deliver resilient earnings, supported by stable demand, cost optimisation and regional tailwinds. Banks are likely to benefit from sustained interest income strength. Meanwhile, technology stocks especially those linked to global semiconductor and AI value chains are showing early signs of recovery. "Our initial review of Q2 results and guidance from key players shows encouraging signs in financial services and selected export-oriented technology stocks," said Kenny Yee, head of research at Rakuten Trade. "With the ringgit remaining relatively stable and consumer sentiment improving, we also anticipate a moderate rebound in consumer-facing stocks. "Traders should closely track updates from banking heavyweights, large-cap tech, and staple consumer names to position for medium-term growth," Yee added. Among early reporters this quarter, Fraser & Neave Holdings Bhd posted a 15.16 per cent year-on-year decline in Q2FY25 net profit to RM140.3 million. This was attributed to higher tax expenses, startup losses from its dairy operations, and softer revenue. Westports Holdings Bhd's Q2FY25 net profit grew 15 per cent YoY to RM231 million thanks to higher throughput. Axis-REIT's net income rose 20.5 per cent YoY to RM46.9 million, driven by higher property income. Meanwhile, Hartalega Holdings Bhd's Q1 2026 net profit dipped 60 per cent YoY to RM12.6 million due to weaker average selling prices, stronger ringgit and lower capacity utilisation. With investor sentiment expected to fluctuate throughout August, Rakuten Trade encourages market participants to leverage its digital-first trading platform to capture opportunities across both local and foreign markets. "We expect this earnings season to stir market activity, creating timely opportunities for traders. "As Malaysia's first fully digital equity broker, Rakuten Trade offers the most competitive brokerage fees in the market, with fees starting as low as RM1 per trade," said Kazumasa Mise, chief executive officer of Rakuten Trade.
The Sun
03-08-2025
- Business
- The Sun
CAB Cakaran buys Cargill's Malaysian animal feed business for RM231 million
PETALING JAYA: CAB Cakaran Corporation Bhd's wholly owned subsidiary CAB Cakaran Sdn Bhd has signed a conditional share purchase agreement to acquire a 100% equity interest in Cargill Feed Sdn Bhd for RM231 million. Upon completion, the deal will enable the CAB group to own all of Cargill Feed's four feed mills in Malaysia, transforming it from a customer of Cargill into the owner of all of the latter's feed mills in Malaysia. CAB Cakaran group managing director Christopher Chuah Hoon Phong said: 'We are excited to announce the acquisition of a high-quality business in Cargill Feed Sdn Bhd, which has been a major supplier of feed for the group's poultry operations. Moreover, this acquisition delivers the last missing piece in our 'farm to fork' operating model.' He added that the CAB Cakaran group is now fully vertically integrated across the entire poultry value chain, with its own feed mills, primary breeders, breeder farms, hatcheries, growout farms, processing plants, and logistics and distribution channels. Chuah said securing a reliable and cost-effective supply of animal feed will enhance their operational efficiency and support their long-term growth plans. Beyond this, they aim to ensure consistent feed quality, reduce their dependency on external suppliers and minimise the group's exposure to raw material price volatility. 'We look forward to leveraging Cargill Feed's technical expertise and manufacturing capacity in animal feed, and will pursue opportunities for joint innovation in feed development,' Chuah said. Cargill began its feed operations in Malaysia in 1986. Today, Cargill Feed and its 51% owned subsidiary, Desa Cargill, have four animal feed mills – in Malacca, Butterworth, Westports and Kota Kinabalu – with a total capacity of about 400,000 tonnes per year. Cargill Feed produces a range of commercial compound feed tailored to meet the nutritional needs of various livestock and aqua species. The company has a diverse customer base, including commercial farms and retailers, while sourcing its raw materials from both domestic (Malaysia) and international sources . Founded in 1865, Cargill provides food, ingredients, agricultural solutions, industrial products and animal nutrition products and solutions. Itemploys more than 160,000 people in 70 countries and operates in 125 markets.
BusinessToday
01-08-2025
- Business
- BusinessToday
CAB Cakaran To Acquire Cargill Feed For RM231 Million
CAB Cakaran Corporation Berhad, via its wholly-owned subsidiary has announced a conditional share purchase agreement to acquire a 100% equity interest in Cargill Feed Sdn Bhd, for RM231 million. Upon completion, this deal will enable CAB to own all of Cargill Feed's four feed mills in Malaysia, transforming it from a customer of Cargill into the owner of all of the latter's feed mills in Malaysia. Christopher Chuah Hoon Phong, Group Managing Director of CAB Cakaran Corporation Berhad, said: 'We are excited to announce the acquisition of a high-quality business in Cargill Feed Sdn Bhd, which has been a major supplier of feed for the Group's poultry operations. Moreover, this acquisition delivers the last missing piece in our 'farm to fork' operating is now fully vertically integrated across the entire poultry value chain – with our own feed mills, primary breeders, breeder farms, hatcheries, growout farms, processing plants, as well as logistics and distribution channels.' Cargill began its feed operations in Malaysia in 1986. Today, Cargill Feed and its 51% owned subsidiary, Desa Cargill, has four animal feed mills located in Melaka, Butterworth, Westport and Kota Kinabalu, respectively, with a total capacity of approximately 400,000 metric tonnes per year. The company produces a range of commercial compound feed tailored to meet the nutritional needs of various livestock and aqua species. The company has a diverse customer base, including commercial farms and retailers, while sourcing its raw materials from both domestic (Malaysia) and international sources . Founded in 1865, Cargill provides food, ingredients, agricultural solutions, industrial products, and animal nutrition products and solutions. Cargill employs more than 160,000 people in 70 countries and operates in 125 markets. Related
New Straits Times
01-08-2025
- Business
- New Straits Times
CAB Cakaran buys Cargill Malaysia's animal feed business for RM231mil
KUALA LUMPUR: Poultry-based CAB Cakaran Corp Bhd says its subsidiary CAB Cakaran Sdn Bhd has bought a 100 per cent stake in Cargill Feed Sdn Bhd for RM231 million. It was bought from Cargill Holdings (Malaysia) Sdn Bhd. CAB Cakaran said the deal will enable the company to own all of Cargill Feed's four feed mills in Malaysia. "This will transform the company from a customer of Cargill into the owner of all of the latter's feed mills in Malaysia," it said. CAB Cakaran group managing director Christopher Chuah Hoon Phong said the acquisition delivers the last missing piece in the company's "farm to fork" operating model. CAB Cakaran is now fully vertically integrated across the entire poultry value chain with its own feed mills, primary breeders, breeder farms, hatcheries, growout farms, processing plants as well as logistics and distribution channels. "Securing a reliable and cost-effective supply of animal feed will enhance our operational efficiency and support our long-term growth plans," he said. Chuah said the company aims to ensure consistent feed quality, reduce its dependency on external suppliers and minimise the company's exposure to raw material price volatility. "We look forward to leveraging Cargill Feed's technical expertise and manufacturing capacity in animal feed, and will pursue opportunities for joint innovation in feed development," he added.
The Star
02-07-2025
- Business
- The Star
Quick take: Tong Herr climbs to six-month high amid investor interest
KUALA LUMPUR: Shares in Tong Herr Resources Bhd drew investor interest in early trade on Wednesday, emerging among the top gainers on Bursa Malaysia. The stainless steel fastener manufacturer rose 14 sen or 9.27% to RM1.65 — its highest level since early January — as at 9.18 am. The counter has climbed around 15% over the past month. A check on the group's recent filings showed no fresh corporate developments that might explain the sudden interest in the counter. On June 26, Tong Herr announced that its 51%-owned subsidiary, Tong Heer Aluminium Industries Sdn Bhd, had on May 27, 2025, disposed of a total of 2.2 million shares — representing 8.08% of the total issued and paid-up share capital of Han Tec Precision Industry Co Ltd — to Jion Feng International Co Ltd for NT$1.54 million (about RM231,000) cash. In the first quarter ended March 31, Tong Herr's net profit jumped over twofold to RM6mil, or earnings per share of 3.91 sen while revenue rose 17.5% to RM153.7mil.
