Malaysia News & Highlights

 

Quarterly Results

• TA Enterprise and TA Global sink deeper into the red with bleeding hotel division

• Media Prima returns to black in 3Q with RM12m net profit

• KLK net profit up 19% in 4Q, sees better profit in FY21

• Batu Kawan sees better year ahead; 4Q net profit falls due to unrealised derivatives, forex loss

• Berjaya Sports Toto’s 1Q net profit up 1.34%

• Lower oil prices drag PetChem 3Q net profit down by 15%

• Sam Engineering 2Q net profit falls 25% as aerospace segment drags

• TSH 3Q net profit jumps on higher CPO and PK prices

• Thong Guan's 3Q net profit strengthens as it sells more premium products

• Amway's 3Q net profit rises 47%

Company Developments and Outlooks

• DGB Asia emerges as PUC’s substantial shareholder

• Asia Poly buys 30% stake in acrylic manufacturer GB Plas for RM15m

• Top Glove mops up more of own shares for seventh consecutive day, spends another RM69.94m

Foreign News

• Dow falls more than 300 points for a second day of losses as rally to records pauses

• European markets close higher with vaccine rally, virus spread in focus

• Oil jumps to 11-week high on hope of OPEC+ supply increase delay (Overnight Closing)

• Gold dips as vaccine progress offset worries over rising cases

• Pfizer ends vaccine trial with 95% success rate; paving way for a shot this year