KUALA LUMPUR: There could be increased investor interest in TM, Public Bank, Genting, Genting Malaysia, Sime Darby Property, YTL, YTL Power, Inari, Hap Seng, Axiata, DLMI,MBMR, 7-Eleven, Revenue and Bumi Armada following recent corporate results.
Apex Research said Telekom Malaysia Bhd (TM) reported a 2.9% decline in net profit to RM330.1 million for 1Q23.
Public Bank Bhd's 1Q23 net profit rose 22% to RM1.71 billion.
Genting Bhd returned to the black in 1Q23 with a net profit of RM98.04 million.
Genting Malaysia Bhd (GenM)’s 1Q23 net loss narrowed 69.29% to RM27.38 million.
Sime Darby Property Bhd’s 1Q23 net profit rose 17% to RM60.67 million.
YTL Corp Bhd’s net profit was flat at RM414.14 million in 3QFY23.
YTL Power International Bhd’s 3QFY23 net profit declined 48.56% to RM519.64 million.
Inari Amertron Bhd posted a 36.6% drop in its 3QFY23 net profit to RM57.36 million.
Hap Seng Consolidated Bhd’s 1Q23 net profit slipped 67.52% to RM50.77 million.
Axiata Group Bhd returned to the black in 1Q23 with a net profit of RM73.85 million.
Dutch Lady Milk Industries Bhd’s 1Q23 net profit fell 58.58% to RM8.52 million.
MBM Resources Bhd posted a 10.45% drop in 1Q23 net profit to RM79.96 million.
7-Eleven Malaysia Holdings Bhd’s 1Q23 net profit fell 35.69% to RM15.68 million.
Revenue Group Bhd posted a net loss of RM9.36 million in 3QFY23.
Bumi Armada Bhd’s 1Q23 net profit rose 8.2% to RM201.01.
Overnight, the US market ended mixed with the Dow falling while the S&P and Nasdaq were lifted by technology stocks.
Investors continue to monitor the progress of the debt ceiling negotiations with less than one week left before deadline.
Earlier, European markets tumbled as Germany falls into a technical recession.