Stock Market & Investment News

KUALA LUMPUR: UEM Sunrise Bhd returned to the black in the first quarter ended March 31, 2022 (1Q22) with a net profit of RM19.02mil compared to a loss of RM4.3mil in the same period last year. Read full story

KUALA LUMPUR: The ringgit closed slightly higher against the US dollar today despite growing concerns that China’s latest policy measure would be ineffective at stimulating the economy, said an analyst. Read full story

KUALA LUMPUR: Telekom Malaysia Bhd (TM) posted a 4.4% improvement in net profit to RM339.84mil in the first quarter ended March 31, from RM325.45mil in the same period last year. Read full story

KUALA LUMPUR: Axiata Group Bhd slid into a net loss of RM42.9mil in the first quarter ended March 31 against a net profit of RM75.56mil a year ago, due to significant foreign exchange (forex) losses of RM476.9mil. Read full story

KUALA LUMPUR: Supermax Corporation Bhd’s net profit took a dive to RM13.01 million in the third quarter (Q3) ending March 31, 2022, from RM1.01 billion a year earlier as sales continued to be adversely impacted by the withhold release order (WRO) imposed by the United States coupled with the downtrend in selling prices and demand. […]