Bursa Malaysia Suspends IDSS For Kenanga Investment Bank

KUALA LUMPUR, Bursa Malaysia has suspended intraday short-selling (IDSS) for Kenanga Investment Bank Bhd for the remainder of the day after the stock breached its price limit.

In a filing today, the exchange said the suspension was triggered after t…

Binastra Secures RM155 Mln Sewage Treatment Plant Project

KUALA LUMPUR, Binastra Corporation Bhd’s wholly-owned subsidiary, Binastra Builders Sdn Bhd, has bagged a RM155.01 million contract from Greenearth Landmark Sdn Bhd (GLSB).

In a filing with Bursa Malaysia today, the construction outfit said the cont…

IJM Falls 6.73 Pct After Posting Lower First Quarter Profit, Among Top Decliners

KUALA LUMPUR, IJM Corporation Bhd was among the top decliners in morning trade, falling 6.7 per cent after posting a lower net profit of RM86.88 million in the first quarter.

At 10.41 am, IJM’s shares slid 21 sen to RM2.91, with 13.09 million shares…

Press Metal 2Q Net Profit Hits Record High Of RM505.83 Mln

KUALA LUMPUR, Press Metal Aluminium Holdings Bhd reported a surge in net profit to RM505.83 million in the second quarter ended June 30, 2024 (2Q FY2024) from RM305.79 million a year ago, boosted by lower finance costs and higher contribution from as…

99 Speed Mart’s IPO Oversubscribed 3.04 Times

KUALA LUMPUR, 99 Speed Mart Retail Holdings Bhd’s initial public offering (IPO) has received a favourable response with 49,354 applications for 678.59 million IPO shares allocated for the public portion received, resulting in an overall oversubscript…

Halal Industry Has Potential To Be Key Driver Of Economic Growth In Timor-Leste – Ahmad Zahid

KUALA LUMPUR, The halal industry has the potential to be a key driver of economic growth in Timor-Leste, said Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi.

Ahmad Zahid, who is on an official visit to Timor-Leste, said he has highlighted th…

Genting Malaysia’s Net Profit Surges To RM82.24 Mln In 2Q

KUALA LUMPUR, Genting Malaysia Bhd’s net profit for the second quarter ended June 30, 2024 (2Q 2024), rose to RM82.24 million from RM47.12 million in 2Q 2023.

Revenue increased by 8.0 per cent to RM2.67 billion from RM2.47 billion previously.

In a …