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After recording rapid profit growth in the past few quarters, Top Glove Corporation Bhd's earnings could have peaked in the March-May quarter but would start declining thereafter amid lower glove prices, said analysts. Rakuten Trade Research's head of equity sales Vincent Lau said it is also possible that the world's biggest rubber glove maker may report flat earnings growth for the third quarter ended May 31, 2021 (3QFY21) compared with the preceding quarter. ....
JAKS Resources Bhd is expected to register a core net profit of RM94.6 million and RM96.9 million for the financial years ending Dec 31,2021 and 2022, respectively, said Rakuten Trade Research. ....
KUALA LUMPUR, June 3 ― Bursa Malaysia continued to be in red in the morning session today as persistent selling was seen in more than half of the index-linked heavyweights, led by healthcare counters. At 12.30pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) contracted 6.87 points, or 0.43. ....
KUALA LUMPUR (March 15): The FBM KLCI closed 0.32% higher today, amid bargain hunting after two straight days of decline seen last week. At 5pm, the benchmark index settled at 1,620.92, up 5.23 points from last Friday’s close of 1,615.69. Rakuten Trade Research head of equity sales Vincent Lau told theedgemarkets.com that the benchmark index closed higher after the recent sell-off attracted bargain hunters. “Sentiment has also lifted, given investors are positioning on stocks that are expected to benefit from economic recovery as the country’s daily Covid-19 cases continue to show improvement in infectivity rates,” he added. Among the heavyweights that pushed the KLCI s climb were Maxis Bhd, Genting Bhd, Genting Malaysia Bhd, Petronas Dagangan Bhd and CIMB Group Holdings Bhd. ....
KUALA LUMPUR (March 12): The FBM KLCI continued to extend its losses today, finishing 0.84% or 13.72 points lower at 1,615.69. According to Rakuten Trade Research head of equity sales Vincent Lau, the index was down due to profit taking ahead of the weekend amid mixed performances regionally. Specifically, Supermax Corp Bhd, CIMB Group Holdings Bhd and Top Glove Corp Bhd posted declines today. While the FBM KLCI declined, indices such as the FBM ACE, FBM Small Cap and FBM Fledgling indices posted gains. The FBM ACE was up 2.13% or 222.07 points higher at 10,665.19, while the Small Cap was up by 0.19% or 31.13 points at 16,806.82. Meanwhile, the Fledgling Index finished 0.77% or 164.52 points higher at 21,551.02. ....