SFP Tech in for stronger performance in FY24


PETALING JAYA: SFP Tech Holdings Bhd, which posted a lower net profit of RM9.1mil in the first quarter ended March 31, 2024 (1Q24), can expect a stronger set of results in the financial year 2024 (FY24).

UOB Kay Hian (UOBKH) Research said it expects 2024 to be a record year for the group as it moves towards high value-add equipment modules and complex piece part fabrication.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

OGX signs underwriting agreement
FBM KLCI extends winning streak, ringgit at one-week high
BP flags up to US$5bil in energy transition impairments, weak oil trading
Indonesia scraps plan to introduce B50 biodiesel this year, will raise palm oil export levy
Gold notches record high, silver cracks US$90 on Fed rate cut bets
Ninja Van Malaysia projects 5-10% growth in domestic parcel volumes in 2026
Guan Huat Seng Holdings IPO oversubscribed by 4.78 times
Maybank GWM financial assets hit RM565bil on Islamic wealth strong momentum
Trump tariffs in focus ahead of key US court decision
Asian stocks rise; FX lack direction on steady dollar, Fed rate-cut bets

Others Also Read