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Sentiment

Govt to strengthen collaboration with TNB, Energy Commission for renewable energy integration

PETALING JAYA: The government will strengthen collaboration with Tenaga Nasional Bhd (TNB) and the E...

Sentiment

CelcomDigi, Sunway, YTL Corp, YTL Power, Malayan Cement, Press Metal, Batu Kawan, KLK, UEM Sunrise, Kossan, Dutch Lady, Bumi Armada, DRB-Hicom, Cahya Mata Sarawak, Prolintas, MSM, Petron, and Mesiniaga

KUALA LUMPUR (May 22): Here is a brief recap of some business news and corporate announcements that ...

Source: TheEdge

Sentiment

OpenAI announces Stargate data centre expansion in Abu Dhabi

(May 22): OpenAI said it’s helping to develop a major data centre in the United Arab Emirates (UAE),...

Source: TheEdge

Sentiment

Ta Ann 1Q net profit falls 3.7% despite higher palm oil prices, declares 10 sen dividend

KUALA LUMPUR (May 22): Timber and oil palm outfit Ta Ann Holdings Bhd’s (KL:TAANN) has reported a 3....

Source: TheEdge

Sentiment

Xiaomi billionaire touts SUV, Chinese chip in tech showcase

(May 22): Xiaomi Corp.’s billionaire founder outlined plans for its first SUV and top-end gadgets wi...

Source: TheEdge

Sentiment

Enra inks deal to collaborate with Italian shipbuilder on new naval vessels

KUALA LUMPUR (May 22): Enra Group Bhd (KL:ENRA) said its unit has entered into a deal with Italian s...

Source: TheEdge

Sentiment

Symphony Life plans RM23m private placement to fund Lembah Ledang project

KUALA LUMPUR (May 22): Symphony Life Bhd (KL:SYMLIFE) has proposed to raise up to RM23.53 million vi...

Source: TheEdge

Sentiment

MN Holdings says RM38m waste-to-energy project awarded by Idiqa

KUALA LUMPUR (May 22): MN Holdings Bhd (KL:MNHLDG) on Thursday revealed that Idiqa Holdings Sdn Bhd ...

Source: TheEdge

Sentiment

Trump’s ‘little problem’ with Tim Cook is a big one for Apple

(May 22): Apple Inc has become a frequent target for attacks by President Donald Trump, a factor tha...

Source: TheEdge

Sentiment

Batu Kawan's 2Q net profit slightly up on higher palm product prices

KUALA LUMPUR (May 22): Batu Kawan Bhd (KL:BKAWAN) posted a 3.7% year-on-year increase in net profit ...

Source: TheEdge

Sentiment

DRB-Hicom’s 1Q net profit down 81% on lower sales and higher costs in its auto, postal, and property segments

KUALA LUMPUR (May 22): DRB-Hicom Bhd (KL:DRBHCOM) first quarter net profit plummeted 80.6% year-on-y...

Source: TheEdge

Sentiment

Barakah to be suspended, faces delisting after Bursa rejects regularisation plan extension

KUALA LUMPUR (May 22): Barakah Offshore Petroleum Bhd (KL:BARAKAH) will have its shares suspended fr...

Source: TheEdge

Sentiment

Gold rally lifts Tomei sales, earnings to new record in 1Q

KUALA LUMPUR (May 22): Tomei Consolidated Bhd (KL:TOMEI) reported a 33% rise in net profit for the f...

Source: TheEdge

Sentiment

RCE Capital's 4Q net profit falls 43% on writedown, provisions

KUALA LUMPUR (May 22): Consumer finance company RCE Capital Bhd (KL:RCECAP) said its net profit fell...

Source: TheEdge

Sentiment

Cahya Mata Sarawak's 1Q profit down 34% on unfavourable forex, prolonged monsoon season

KUALA LUMPUR (May 22): Cahya Mata Sarawak Bhd’s (KL:CMSB) net profit fell 33.8% to RM25.34 million i...

Source: TheEdge

Sentiment

Sunway's 1Q net profit jumps almost 11% on data centre jobs, higher returns from property investments

KUALA LUMPUR (May 22): Sunway Bhd’s (KL:SUNWAY) net profit rose nearly 11% to RM190.6 million in the...

Source: TheEdge

Sentiment

YTL Corp's 3Q profit down 16%, dragged by weak YTL Power results, offset by Malayan Cement's strong showing

KUALA LUMPUR (May 22): YTL Corp Bhd (KL:YTL) on Thursday posted a 15.5% year-on-year drop in quarter...

Source: TheEdge

Sentiment

Dutch Lady’s 1Q net profit down 6%, pays 25 sen dividend

KUALA LUMPUR (May 22): Dairy company Dutch Lady Milk Industries Bhd (KL:DLADY) reported a 6.1% decli...

Source: TheEdge

Sentiment

CelcomDigi posts resilient Q1 results, declares 3.7 sen interim dividend

PETALING JAYA: CelcomDigi Bhd delivered resilient results for the first quarter of financial year 20...

Source: TheSun

Sentiment

UEM Sunrise posts 151% jump in net profit on higher revenue, lower finance costs

KUALA LUMPUR (May 22): UEM Sunrise Bhd (KL:UEMS) reported a 150.51% surge in first quarter net profi...

Source: TheEdge

Sentiment

Manulife’s 1Q net profit down 76% on lower profit from life insurance business

KUALA LUMPUR (May 22): Life insurer Manulife Holdings Bhd (KL:MANULFE) saw its net profit fall 76.3%...

Source: TheEdge

Sentiment

BYD beats Tesla in Europe for first time with 169% sales surge

(May 22): BYD Co sold more electric vehicles in Europe than Tesla Inc for the first time, overtaking...

Source: TheEdge

Sentiment

BM GreenTech lifts dividend, sees sustained momentum after FY2025 profit rises 56%

KUALA LUMPUR (May 22): BM GreenTech Bhd (KL:BMGREEN) expects to continue its growth momentum in the ...

Source: TheEdge

Sentiment

Dayang bags third Petronas Carigali contract this year, reports lower 1Q profit

KUALA LUMPUR (May 22): Dayang Enterprise Holdings Bhd (KL:DAYANG) has secured a work order from Petr...

Source: TheEdge

Sentiment

Shares in ICT Zone’s ACE Market IPO oversubscribed by 1.89 times

KUALA LUMPUR (May 22): ICT Zone Asia Bhd (KL:ICTZONE) announced that its initial public offering (IP...

Source: TheEdge

Sentiment

Kuala Lumpur Kepong's 2Q net profit up 32%, pays 20 sen dividend

KUALA LUMPUR (May 22): Plantation company Kuala Lumpur Kepong Bhd (KL:KLK) reported a 31.8% increase...

Source: TheEdge

Sentiment

Kossan reports 13% rise in 1Q net profit, flags weaker short-term demand

KUALA LUMPUR (May 22): Kossan Rubber Industries Bhd (KL:KOSSAN) reported a 13% rise in net profit fo...

Source: TheEdge

Sentiment

Mesiniaga to maintain federal dept's accounting system for RM252m in first contract win in two years

KUALA LUMPUR (May 22): Mesiniaga Bhd (KL:MSNIAGA) said it has secured a RM251.89 million contract to...

Source: TheEdge

Sentiment

Press Metal lifts 1Q dividend as profit rises 13%, flags stabilising prices

KUALA LUMPUR (May 22): Press Metal Aluminium Holdings Bhd (KL:PMETAL) posted a 13.2% year-on-year in...

Source: TheEdge

Sentiment

Uzma, Infrasel seek collaboration in slope monitoring in Selangor

KUALA LUMPUR (May 22): Energy and technology services provider Uzma Bhd (KL:UZMA) is seeking to coll...

Source: TheEdge

Sentiment

AI-generated drugs to reach market by 2030, says Insilico CEO

(May 22): The first drugs conceived entirely by artificial intelligence (AI) will likely be commerci...

Source: TheEdge

Sentiment

SEZ private lease scheme valid, says appellate court in landmark judgment on developer’s appeal

PUTRAJAYA (May 22): In a landmark decision, the Court of Appeal (COA) last month ruled that a privat...

Source: TheEdge

Sentiment

China plans regulation to aid tech firms listing overseas, official says

BEIJING (May 22): China will provide a more efficient, transparent and predictable regulatory enviro...

Source: TheEdge

Sentiment

Lenovo’s shares sink after PC, AI hardware rivals squeeze profit

(May 22): Lenovo Group Ltd’s shares fell their most in more than a month after reporting a worse-tha...

Source: TheEdge

Sentiment

US accepts luxury jet from Qatar for use as Air Force One for Trump

WASHINGTON (May 21): The United States has accepted a luxury Boeing 747 jetliner as a gift from Qata...

Source: TheEdge

Sentiment

MSM shares log worst-day in nine months after steep fall in quarterly profits

KUALA LUMPUR (May 22): MSM Malaysia Holdings Bhd (KL:MSM) fell steeply in active trade on Thursday, ...

Source: TheEdge

Sentiment

China's Xiaomi founder expects new electric SUV to hit market in July

BEIJING (May 22): Xiaomi's new electric SUV, the YU7, is expected to enter the market in July, found...

Source: TheEdge

Sentiment

Slow Airbus deliveries holding back EasyJet fleet renewal

(May 22): EasyJet plc said efforts to renew its fleet are being held back by a slow delivery pace of...

Source: TheEdge

Sentiment

AirAsia formalises RM99.5m charter service contract with Malaysian Armed Forces

LANGKAWI (May 22): AirAsia has formalised a charter service contract with the Malaysian Armed Forces...

Source: TheEdge

Sentiment

Analysts positive on auto sector though cautious amid price competition, impending rationalisation of subsidy

KUALA LUMPUR (May 22): Analysts remained positive on the automotive sector, although cautious amid p...

Source: TheEdge

Sentiment

MaiStorage Technology targets Bursa Malaysia listing by 2028

PUTRAJAYA (May 22): Newly launched MaiStorage Technology Sdn Bhd is eyeing a listing on Bursa Malays...

Source: TheEdge

Sentiment

Analysts maintain Public Bank as strong defensive pick despite weaker earnings outlook

KUALA LUMPUR (May 22): Analysts still see Public Bank Bhd (KL:PBBANK) as a strong defensive choice f...

Source: TheEdge

Sentiment

Advancecon bags RM47.5m subcontract job to build data centre for Gamuda in Port Dickson

KUALA LUMPUR (May 22): Advancecon Holdings Bhd (KL:ADVCON) through its subsidiary Advancecon Infra S...

Source: TheEdge

Sentiment

Innodisk sharpens its focus in edge AI

TAIPEI, Taiwan (May 22): Taiwanese industrial-grade memory and storage specialist Innodisk Corp is s...

Source: TheEdge

Sentiment

ELK-Desa Resources ends FY2025 on weaker note due to higher impairment allowances, pays 2.5 sen dividend

KUALA LUMPUR (May 22): ELK-Desa Resources Bhd (KL:ELKDESA), a non-bank lender focused in the used-ca...

Source: TheEdge

Sentiment

Cover Story: Will Abu Sahid finally exit MEX?

This article first appeared in The Edge Malaysia Weekly on May 12, 2025 - May 18, 2025 THE jewel in ...

Source: TheEdge

Sentiment

Lower margins, reduced capacity utilisation drag MSM Malaysia's 1Q net profit down 91%

KUALA LUMPUR (May 22): MSM Malaysia Holdings Bhd (KL:MSM), the country's largest refined sugar produ...

Source: TheEdge

Sentiment

MBM Resources JV to continue contributing resilient earnings from FY2025 to FY2027, says HLIB

KUALA LUMPUR (May 22): MBM Resources Bhd's (KL:MBMR) joint venture Autoliv Hirotako (AHSB) is expect...

Source: TheEdge

Sentiment

Bumi Armada posts 24% drop in 1Q net profit, flags 'significant reduction' in revenue ahead

KUALA LUMPUR (May 22): Oil and gas services firm Bumi Armada Bhd (KL:ARMADA) reported that its net p...

Source: TheEdge

Sentiment

EcoWorld unveils 19 tenants at Eco Majestic’s new retail and community hub Majestic Labs in Semenyih

KUALA LUMPUR (May 22): Eco World Development Group Bhd (EcoWorld) (KL:ECOWLD) unveiled 19 tenants at...

Source: TheEdge

Sentiment

CelcomDigi's 1Q net profit barely higher amid sharp jump in tax expenses

KUALA LUMPUR (May 22): CelcomDigi Bhd (KL:CDB), Malaysia’s biggest mobile network operator by subscr...

Source: TheEdge

Sentiment

DNeX seeks cross-border IT trade facilitation collaboration with Chinese firm E&P

KUALA LUMPUR (May 22): Dagang NeXchange Bhd (DNeX) (KL:DNEX) is seeking to work together with China'...

Source: TheEdge

Sentiment

BlackRock bets more on AI stocks in US$160b model portfolios

(May 22): The world’s largest asset manager is adding to bets on artificial intelligence (AI) within...

Source: TheEdge

Sentiment

Nissan in talks to buy batteries in US from Ford-SK JV — Bloomberg

(May 22): Nissan Motor Co is nearing a deal to procure electric vehicle (EV) batteries in the US fro...

Source: TheEdge

Sentiment

Business as usual at MPI but losing debt-ridden Wolfspeed as client may cut revenue by 10%, says RHB

KUALA LUMPUR (May 22): A worst-case scenario for Malaysian Pacific Industries Bhd (KL:MPI) involving...

Source: TheEdge

Sentiment

PJBumi gets nod for RM40m GDV Kedah factories

KUALA LUMPUR (May 21): PJBumi Bhd (KL:PJBUMI) has secured approval from the Sungai Petani Municipal ...

Source: TheEdge

Sentiment

US tariffs: Anwar urges reforms, closer Asean and partner ties

PUTRAJAYA (May 21): Prime Minister Datuk Seri Anwar Ibrahim said Malaysia is prioritising domestic e...

Source: TheEdge

Sentiment

Sorento Capital delivers strong Q3 FY25 performance with RM8.1m PBT

KUALA LUMPUR: Bathroom and kitchen sanitary ware solution provider Sorento Capital Bhd posted a reve...

Source: TheSun

Sentiment

Meta Bright collaborates with ChargeHere EV solution, eyeing expansion into EV charging infrastructure

KUALA LUMPUR: Meta Bright Group Bhd, through its 55%-owned subsidiary Meta Bright Solutions Sdn Bhd ...

Source: TheSun

Sentiment

Supermax approaches two-month low after weaker than expected quarter

KUALA LUMPUR (May 22): Supermax Corporation Bhd (KL:SUPERMX) fell on Thursday to its lowest in nearl...

Source: TheEdge

Sentiment

Perdana Petroleum exploring financing plans for fleet renewal

KUALA LUMPUR (May 21): Offshore support vessel (OSV) operator Perdana Petroleum Bhd (KL:PERDANA) is ...

Source: TheEdge

Sentiment

Perdana Petroleum targets rebound in 2H as vessel activities resume

KUALA LUMPUR (May 21): Perdana Petroleum Bhd (KL:PERDANA), which operates offshore support vessels, ...

Source: TheEdge

Sentiment

Eco-Shop's above-market valuation backed by expansion potential, dollar store appeal — analysts

KUALA LUMPUR (May 22): Bursa Malaysia is set to welcome its third-largest retail chain listing in th...

Source: TheEdge

Sentiment

Frustrated Porsche investors call for CEO Blume to drop dual Porsche-VW role

FRANKFURT (May 21): Investors called upon Porsche CEO Oliver Blume, who also heads parent company Vo...

Source: TheEdge

Sentiment

Bitcoin rises to new record high, eclipses January top

LONDON (May 22): The price of bitcoin rose to its highest level on record on Wednesday, eclipsing th...

Source: TheEdge

Sentiment

Public Bank, YTL Power, Bumi Armada, S P Setia, Mega First, Supermax, Apex Healthcare, Solarvest, TMC Life Sciences, BHIC and MHB

KUALA LUMPUR (May 21): Here is a brief recap of some business news and corporate announcements that ...

Source: TheEdge

Sentiment

Reneuco seeks court order to formulate scheme of arrangement

KUALA LUMPUR (May 21): Practice Note 17 (PN17) energy and utilities construction outfit Reneuco Bhd ...

Source: TheEdge

Sentiment

MHB secures injunction against arbitration notice over Bokor Phase 3 project dispute

KUALA LUMPUR (May 21): Malaysia Marine and Heavy Engineering Holdings Bhd (KL:MHB) has secured an in...

Source: TheEdge

Sentiment

Destini sees emergence of Mohamad Najib Mohd Ali as new substantial shareholder

KUALA LUMPUR (May 21): Kismet Array Sdn Bhd, the investment vehicle of Mohamad Najib Mohd Ali, has e...

Source: TheEdge

Sentiment

Apex Healthcare 1Q profit down 17.1% on lower public sales, other income

KUALA LUMPUR (May 21): Apex Healthcare Bhd (KL:AHEALTH) has posted a 17.1% year-on-year drop in net ...

Source: TheEdge

Sentiment

Mega First posts 34% decline in 1Q net profit on weaker performance in resources and packaging divisions

KUALA LUMPUR (May 21): Mega First Corp Bhd (KL:MFCB) has reported a 34.23% decrease in first quarter...

Source: TheEdge

Sentiment

BYD rolls out €23,000 hatchback in Europe in race for cheaper EVs

(May 21): BYD Co is raising the stakes in Europe’s race for cheaper electric vehicles (EVs) with the...

Source: TheEdge

Sentiment

Pos Malaysia posts RM41.5 mil Q1 loss on weaker revenue

KUALA LUMPUR: Pos Malaysia Bhd recorded a net loss of RM41.5 million for the first quarter ended Mar...

Source: TheSun

Sentiment

UnitedHealth plunge stunned Wall Street, one analyst saw it coming

(May 21): When CFRA’s Paige Meyer slapped a “sell” rating on UnitedHealth Group Inc in February, she...

Source: TheEdge

Sentiment

Supermax reports bigger 3Q loss, cites tough competition from cheap Chinese gloves

KUALA LUMPUR (May 21): Supermax Corp Bhd (KL:SUPERMX) on Wednesday reported a wider net loss in the ...

Source: TheEdge

Sentiment

BHIC exploring partnership with Airbus's helicopter arm

KUALA LUMPUR (May 21): Boustead Heavy Industries Corp Bhd (KL:BHIC) said it is exploring a potential...

Source: TheEdge

Sentiment

TMC Life Sciences posts second quarterly loss in 3Q amid customer insurance contract fallout

KUALA LUMPUR (May 21): Healthcare services provider TMC Life Sciences Bhd (KL:TMCLIFE) reported its ...

Source: TheEdge

Sentiment

Nvidia says YTL Power’s supercomputer in Malaysia ‘on track’ for 3Q launch

TAIPEI (May 21): YTL Power International Bhd’s (KL:YTLPOWR) first supercomputer in Malaysia, deployi...

Source: TheEdge

Sentiment

Sarawak Plantation’s 1Q profit up 18% as higher selling prices offset lower volume

KUALA LUMPUR (May 21): Sarawak Plantation Bhd (KL:SWKPLNT) reported an 18.66% increase in net profit...

Source: TheEdge

Sentiment

Pos Malaysia sees wider 1Q loss as postal and logistics revenue falls

KUALA LUMPUR (May 21): Pos Malaysia Bhd (KL:POS) reported a wider net loss for the first quarter en...

Source: TheEdge

Sentiment

OpenAI's biggest data centre secures US$11.6b in funding — report

(May 21): A data centre in Texas that start-up Crusoe is building for OpenAI has secured US$11.6 bil...

Source: TheEdge

Sentiment

Malayan Flour Mill reports 13% drop in 1Q net profit, expects to stay in black for 2025

KUALA LUMPUR (May 21): Malayan Flour Mills Bhd (KL:MFLOUR) posted a 13% year-on-year drop in net pro...

Source: TheEdge

Sentiment

Perdana Petroleum swings to loss in 1QFY2025 as utilisation dips, eyes recovery in coming quarters

KUALA LUMPUR (May 21): Offshore support vessel (OSV) operator Perdana Petroleum Bhd (KL:PERDANA) beg...

Source: TheEdge

Sentiment

Duopharma eyes Indonesia for halal product growth

KLANG: Duopharma Biotech Bhd is eyeing Indonesia as a near-term growth market for its halal-certifie...

Source: TheSun

Sentiment

Ex-Patimas deputy chairman Raymond Yap fails to get leave to appeal insider trading conviction at Federal Court

KUALA LUMPUR (May 21): The Federal Court has dismissed former Patimas Computers Bhd deputy chairman ...

Source: TheEdge

Sentiment

DNeX, Turkiye’s Havelsan leverage each other’s strength to develop, market advanced digital solutions

LANGKAWI: Dagang NeXchange Bhd (DNeX) is forming a strategic partnership with Turkish Armed Forces F...

Source: TheSun

Sentiment

Amway sees sustained headwinds after 1Q profit more than halves on higher costs, lower volume

KUALA LUMPUR (May 21): Amway (Malaysia) Holdings Bhd (KL:AMWAY) said it anticipates its business env...

Source: TheEdge

Sentiment

TikTok Shop tells US employees to work from home as lay-offs loom

(May 21): TikTok told US e-commerce staff to work from home on Wednesday while awaiting emails regar...

Source: TheEdge

Sentiment

Bumi Armada unit secures full operating rights for Indonesia’s Kojo block from energy ministry

KUALA LUMPUR: Bumi Armada Bhd (KL:ARMADA) announced that its subsidiary, Armada Kojo BV (AKBV), has ...

Source: TheEdge

Sentiment

Baidu reports surprise revenue jump during China’s AI battle

(May 21): Baidu Inc’s revenue beat estimates, after China’s internet search leader fended off intens...

Source: TheEdge

Sentiment

Home appliance maker Fiamma racks up record-high quarterly profit on one-off gain

KUALA LUMPUR (May 21): Home appliance company Fiamma Holdings Bhd (KL:FIAMMA) said on Wednesday its ...

Source: TheEdge

Sentiment

Malaysian govt not involved in Skyvast-Huawei AI initiative, says Miti

KUALA LUMPUR (May 21): The recent launch of an artificial intelligence (AI) infrastructure initiativ...

Source: TheEdge

Sentiment

Hektar REIT targets 20% non-retail assets, aims to double portfolio to RM3b in five years

KUALA LUMPUR (May 21): Hektar Real Estate Investment Trust (REIT) (KL:HEKTAR) aims to grow its non-r...

Source: TheEdge

Sentiment

CATL's US$2b German plant boosts China’s invest-abroad bet

(May 21): More than two years ago on the outskirts of a medieval German town, China’s biggest electr...

Source: TheEdge

Sentiment

Duopharma Biotech targets more halal exports to Indonesia

KLANG: Duopharma Biotech Bhd has anticipated higher halal pharmaceuticals demand from Indonesia in t...

Source: TheSun

Sentiment

Toyota goes all-hybrid with its best-selling US vehicle

(May 21): Toyota Motor Corp is scrapping the gas-powered version of its best-selling vehicle in the ...

Source: TheEdge

Sentiment

Airbus extends contract with Malaysia's Defence Ministry on access to X-band satellite services

LANGKAWI (May 21): Airbus Defence and Space has signed a contract with the Ministry of Defence (Mind...

Source: TheEdge

Sentiment

Airbus sees increasing demand for A400M fleet

LANGKAWI (May 21): Airbus Defence and Space sees that its A400M is gaining traction across the regio...

Source: TheEdge

Sentiment

Covid testing demand surges as cases spike across Asia — diagnostic kit-maker

(May 21): Demand for Covid tests is increasing in Hong Kong, as cases surged in recent weeks, accord...

Source: TheEdge

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