CIMB Securities is positive on Malaysia’s equity market in 2025, underpinned by a third consecutive year of earnings growth at 8%, driven by banks, construction and utilities sectors.
UEM Sunrise Bhd (KL:UEMS) has announced the resignation of its chief executive officer, Sufian Abdullah, which will take effect from Feb 28, 2025.
Elmina Logistics Hub is expected to be completed in the first half of 2025.
AME Elite Consortium Bhd (KL:AME) eked out a tiny gain in net profit thanks mostly to lower tax expenses, though the property developer is still confident of better finances this fiscal year.
Nextgreen Global Bhd (KL:NGGB) saw a more than fourfold increase in its net profit for the third quarter ended Sept 30, 2024 (3QFY2024), driven by strong performance in its manufacturing segment.
NCT Alliance Bhd (KL:NCT) saw its net profit for the third quarter ended Sept 30, 2024 (3QFY2024) fall 35.6% to RM6.52 million from RM10.12 million a year ago.
The higher interest expense follows the completion of IOI Central Boulevard Towers in April 2024.
The project in Bandar Baru Permas Jaya spans two phases, comprising 184 units of double-storey cluster houses, 12 units of double-storey semi-detached houses, and two double-storey bungalow houses.
Net profit for the quarter ended Sept 30, 2024 (3QFY2024) dropped to RM2.01 million from RM3.76 million previously.
Fiamma Holdings Bhd (KL:FIAMMA) saw its net profit for the quarter ended Sept 30, 2024 (3QFY2024) decrease by 64.74% on a quarterly basis to RM4.04 million, as its profit before tax (PBT) declined 55.14% in the quarter due to losses at its property development segment.
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