Malaysia News & Highlights

 

Quarterly Results

• Perak Transit books highest quarterly result since listing

• BHIC swings back into the black in 3Q on stronger revenue

• GHL 3Q's net profit up 66%, supported by higher contributions across all divisions

• Mega First 3Q net profit surges by 512% to RM90m

• Chemical Company of Malaysia remains in losses for second straight quarter

• MBM Resources 3Q net profit up 16.5% on higher vehicle sales

• Sunway Construction’s 3Q net profit falls 28%

• Apex Healthcare sees steady 3Q profit despite revenue drop

• IGB reverses losses in 3Q on higher contributions from business segments

• Pharmaniaga sees 200% gain in 3Q profit amid lower opex during MCO

• BCB’s 1Q net profit falls 56.34% on lower property sales

• Petron Malaysia’s 3Q net profit almost triples to RM98m

• AirAsia X says proposed debt restructuring critical to survival

• PetGas net profit up 37% to RM591m in 3Q

• Bumi Armada 3Q net profit down 44% on absence of gain on disposal

• Mestron 3Q net profit surges 183% to RM3.09m as sales recover post-MCO

Company Developments and Outlooks

• Axis REIT buys three properties in Johor for RM28m in related party transaction

• Top Glove spent about half its RM1.87b profit for FY20 on share buybacks

Contract Secured and Awards

• Malakoff secures Feed-in-Tariff approval for 2.4MW biogas power plant in Kota Tinggi

Foreign News

• Stocks rise as Wall Street turns to tech for safety amid increasing Covid-19 cases

• European markets close lower as shutdown fears outweigh vaccine news

• Oil prices slip as surge in virus cases raises concerns about demand (Overnight Closing)

• Gold falls 1% on stronger dollar, economic rebound hopes