Malaysia News & Highlights

 

Quarterly Results

• KNM’s 3Q earnings up 60% on higher exchange gain and cost savings
• Cahya Mata Sarawak net profit up 180% q-o-q due to resumption of full operations
• Aeon returns to black in 3Q as relaxation in lockdown boosts consumer spending
• UMW jumps back to profit in 3Q as all biz segments improve on easing of movement restrictions
• UOA Development’s 3Q profit more than double at RM209m on property revaluation
• TDM leaps into 3Q profit on higher plantation income
• TM sees 26% increase in 3Q net profit as more Malaysians work from home
• MPI 1Q net profit rises on higher revenue
• Glomac 2Q net profit surges 63% as construction activities resume
• IJM Corp bounces back with RM99.5m quarterly net profit
• Genting Plantations 3Q net profit rises by three folds on higher palm prices
• IJM Plantations 2Q net loss narrows, quarterly revenue up 22%
• Parkson 1Q net losses narrow on sales recovery in China and Malaysia
• UEM Edgenta remains in red but narrows losses in 3Q
• MMC Corp 3Q net profit down 8% on lower revenue

Company Developments and Outlooks

• Ekovest: Deferment for unpaid portion of Kesturi’s RM180m junior bonds coupons allowed under trust deed
• Candy maker Khee San lodges police report against former chairman for alleged fraud, embezzlement
• Top Glove estimates dividend yield to be more than 6% in FY21 — Chairman
• Top Glove spends RM50m on 12th day of share buyback

Contract Secured and Awards

• Mesiniaga bags RM19m contract from Socso

Economics

• Malaysia's Leading Index up 8.6% in September — DOSM
• Malaysia’s October CPI down 1.5% year-on-year, deflation for eighth consecutive month
• CPO futures market ends higher on stronger soybean oil price