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MPI Q3 net profit slumps more than one-third

KUALA LUMPUR: Chip maker Malaysian Pacific Industries Bhd (MPI) saw its earnings take a hit in the third quarter ended March 31, 2019 due to lower revenue and foreign exchange (forex) loss and it expects the operating environment to remain challenging.

Ringgit lifted against US$ as oil prices swing higher

KUALA LUMPUR: The ringgit opened slightly higher against the US dollar at the opening today, as market sentiment towards the local note was lifted following an upswing in the global oil prices.

Kenanga Research maintains underperform for Dayang

KUALA LUMPUR: Kenanga Research is retaining its underperform recommendation on Dayang Enterprise due to a share dilution arising from the fund-raising exercises, coupled with the under-whelming results.

Dayang Q1 losses at RM4.13mil

PETALING JAYA: Dayang Enterprise Holdings Bhd has managed to reduce its net losses in the first quarter ended March 31 as work orders picked up, and it expects to perform better with an order book of nearly RM3bil and firm oil prices.

Dayang said in a statement that its net losses were RM4.13mil compared with RM21.30mil a year ago.  Revenue rose 0.5% to RM156.41mil from RM148.78mil. Loss per share was at 0.43 sen compared with 2.21 sen.

IOI Corp core net profit below forecasts

KUALA LUMPUR: IOI Corp Bhd’ s nine-month core net profit came in below expectations due to lower-than-expected crude palm oil (CPO) price and fresh fruit bunches (FFB) output, says CIMB Equities Research.

“We cut our earnings and target price for the weaker CPO price. We maintain ‘reduce’ as the stock appears fully valued, given its unexciting near-term earnings prospects,” CIMB Equities Research said in a report

IOI Corp 9M core net profit below forecast

KUALA LUMPUR: IOI Corporation Bhd’s nine-month core net profit was below expectations due to lower-than-expected crude palm oil (CPO) price and fresh fruit bunches (FFB) output, says CIMB Equities Research.

CIMB Equities Research's target price was RM4 compared with the last traded price of RM4.22.