BusinessToday's Trending Stories
Sapura Energy Partners Decon To Offer Decommissioning Services
Sapura Energy Berhad (Sapura Energy) has announced the launch of Kitar Solutions, a new venture aimed at addressing the increasing market demand for integrated decommissioning services in Southeast Asia and supporting the nation’s energy transition agenda.
Read the full article here.
TH Props Launches Padang Residences, First Phase Of Kota Semarak Development In KL
TH Properties Sdn. Bhd. (TH Prop) through its joint venture company, 59 Inc. Sdn. Bhd. (59 Inc.) launched Padang Residences, marking the commencement of Kota Semarak, its inaugural high-rise mixed development project in Kuala Lumpur.
Read the full article here.
PCG Profits Tumbles A Massive 72% To RM1.8 Billion
Petronas Chemical Group said it recorded lower plant utilisation rate of 84% as compared to 100% in the corresponding quarter mainly due to higher statutory turnaround and plant maintenance activities during the quarter resulting in lower production & sales volumes.
Read the full article here.
T7 Records All Time High Profits For FY23
T7 Global Berhad announced it financial results for Q4 and full year, as for the quarter under review revenue increased 49.5% to RM250.8 million as compared to Q4FYE2022. The profit before tax and profit after tax and minority interest were RM24.0 million and RM14.4 million respectively, translated to a growth of 15.4% and 25.9%.
Read the full article here.
Mr DIY Group Relentless In Delivering Growth
Mr DIY Group’s (MRDIY) FY23 results met expectations on its solid sales and GPM recovery. Its current market valuation is undemanding, considering its fundamentals to deliver solid growth amidst a soft business environment, thereby outperforming most consumer sector peers.
Read the full article here.
Malakoff Corporation Widening Losses, Analysts See Fuel Impact As Possible Cause
Malakoff Corporation’s FY23 had a write-off 4Q23 results were again below expectations as net losses widened sequentially due to impairments and associate losses.
Read the full article here.
Sime Darby Property Beats Expectations, Analysts Raises TP
Maybank Investment Bank (Maybank IB) said, today (Feb 26), Sime Darby Property’s (SIMEPROP) 4Q23 core net profit of MYR149m was above expectations.
Read the full article here.
Ant Group Outbids Citadel For Credit Suisse China Unit
Fintech giant Ant Group has outbid Billionaire Ken Griffin’s Citadel Securities for Credit Suisse’s investment bank venture in China, Bloomberg News reported on Sunday (Feb 25).
Read the full article here.
Founder Redefines Home Upkeep With Vacuum Bots
Airbot, Co-founder and Regional Director, Ong Chun Hong is leading the charge with a new line of cutting-edge robotic vacuum cleaners. With Airbot’s commitment to reshaping home living experiences, Ong revealed the latest addition to their lineup, the L108S Pro Ultra Robotic Vacuum Cleaner.
Read the full article here.
Upside To CPI Ahead, Water Hike Is Next
Slower price growth buffered by lower food prices in Malaysia’s Jan 24 Consumer Price Index (CPI) rose 0.2% mom and 1.5% yoy (similar to Dec 23), lower than CSCIMB’s and Bloomberg expectations.
Read the full article here.