KUALA LUMPUR: United Malacca Bhd
is among the top gainers in early trade today after posting a higher earnings result in the second quarter (2Q) ended Oct 31, 2025.
At 10.03 am, the company’s shares rose 16 sen to RM5.90, with a total of 31,500 shares traded.
In a filing with Bursa Malaysia, United Malacca recorded a net profit of RM55.37 million in 2Q, from RM30.92 million in the same period last year.
Revenue for the quarter under review also rose to RM240.46 million from RM183.44 million in the same period a year ago.
Meanwhile, CIMB Securities Sdn Bhd said the strong 2Q performance is encouraging, as it indicates that the group’s efforts to improve yields at its Indonesian estates are bearing fruit.
"While earnings are expected to moderate amid lower crude palm oil prices, this is anticipated to be partly offset by improving fresh fruit bunches yields and disciplined cost control.
"Therefore, we reiterate a ‘buy’ call with an unchanged target price of RM6.42 per share,” it said in a note today. - Bernama
