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JCY International Bhd’s net profit is expected to triple to RM150.8 million in the financial year 2021 (FY21) due to higher volume in hard disk drive (HDD) demand.Kenanga Research said in a note that JCY is poised to ride on an upcycle on rising demand for HDD as it is well-positioned in the HDD supply chain.“Net profit in FY21 is expected to grow three times to RM150.8 million as the group takes on higher loading volume in the second half of 2020 (2H20) and into 2021,” it said. ....
KUALA LUMPUR (Aug 3): Based on corporate announcements and news flow today, companies that may be in focus tomorrow (Wednesday Aug 4) include: Hartalega Holdings Bhd, HB Global Ltd, Dufu Technology Corp Bhd, HPP Holdings Bhd, Kanger International Bhd, Berjaya Land Bhd (BLand) and Berjaya Food Bhd (BFood). Hartalega Holdings Bhd saw its net profit double to RM2.26 billion for the first quarter ended June 30, 2021 (1QFY22), from RM1.12 billion in the preceding quarter (4QFY21). Revenue expanded 69% to RM3.9 billion from RM2.3 billion in the preceding quarter. The group proposed a final dividend of 19.75 sen per share, the highest payout for the financial year ended March 31, 2021 (FY21). This brings total dividend per share to 50.95 sen for FY21. On a year-on-year basis, Hartalega’s net profit soared by 928% from RM219.72 million a year earlier, with revenue swelling 324% from RM920.09 million. ....
GGRAsia – RGB advancing on remote gambling for land-based casinos ggrasia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ggrasia.com Daily Mail and Mail on Sunday newspapers.
Bursa Malaysia rebounded from last week's losses to open firmer today as investors heaved a sigh of relief after learning that most businesses and factories are allowed to operate under the tightened movement control order (MCO 3.0). ....
KUALA LUMPUR (May 21): Bursa Malaysia extended its weakness in early trade today on concerns over a potentially stricter lockdown to contain the spread of Covid-19 infections. At 9.11am, the benchmark FBM KLCI had eased 4.48 points to 1,570.84 from yesterday’s close at 1,575.32. The index opened 5.89 points easier at 1,569.43. On the broader market, losers outpaced gainers 363 to 187, while 281 counters were unchanged, 1,381 untraded and 18 others suspended. Total volume stood at 574.6 million worth RM275.39 million. Malacca Securities Sdn Bhd said mild bargain hunting might emerge, but noted that the overall market sentiment remains cautious as investors await the National Security Council’s decision on the potentially full implementation of the movement control order (MCO) in a meeting today. ....