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Unisem Q3 net profit falls 13.4%

PETALING JAYA: Semiconductor company Unisem (M) Bhd has recorded a 13.4% decline in its net profit for the third quarter to RM35.1mil due to the depreciation of the US dollar-ringgit exchange rate compared to a year ago.

Analyst Reports

Kerjaya Prospek Group, Sapura Energy Bhd, Chin Teck Plantations Bhd and Sime Darby Bhd.

Lotte Chemical posts Q3 net profit of RM216.89m

KUALA LUMPUR: Lotte Chemical Titan Holding Bhd posted a third quarter net profit of RM216.89mil, down 5.8% from the same quarter last year as leaner margins cut into earnings.

Globetronics earnings soar

PETALING JAYA: Globetronics Technology Bhd has registered a 64% growth in net profit to RM23.6mil for its third quarter ended Sept 30 from the corresponding quarter last year.

Forex gain: Globetronics plant in Bayan Lepas. During the third quarter, the group recognised a higher forex gain of RM420,000, as compared to a forex gain of RM50,000 in the previous corresponding quarter.

Globetronics Q3 net profit jumps 64% to RM23.6m

KUALA LUMPUR: Globetronics Technology Bhd's net profit of of RM23.6mil in the third quarter ended Sept 30, 2018, was a 64% jump over the previous corresponding quarter.

China sets yuan mid-point at weakest level since 2008

SHANGHAI: China's central bank set its official yuan midpoint to the lowest level in over a decade on Tuesday, as the local currency remained on the back foot on worries over slower growth at home and talk of further falls in coming months.

On Monday, the yuan finished domestic trade at its weakest in over a decade, stirring speculation over whether the central bank will tolerate a slide beyond the key level of 7 per dollar.

Dollar firmer as China jitters drive safe haven trades

SINGAPORE: The dollar firmed against its rivals on Tuesday, supported by a safe haven bid as rising trade tensions and fears of a slowdown in global economic growth weighed on investors' appetite for risk assets.

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