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CIMB sees less provisions in 2021 after coronavirus-hit 2020
KUALA LUMPUR: CIMB Group Holdings Bhd reported a steep drop in its annual profits on higher loan loss provisions due to the pandemic, but the bank expects its financial performance to improve in 2021 in line with the economy.
MAHB records 4Q net loss of RM685.02mil
KUALA LUMPUR: Hit by the ongoing revenue slump, Malaysia Airports Holdings Bhd recorded a net loss of RM685.02mil in the fourth quarter ended Dec 31, 2020, versus a net profit of RM29.51mil in the year-ago quarter.
Investment funds in Vietnam remain optimistic despite poor performance
HANOI (Vietnam News/ANN): Despite negative performance due to strong fluctuations in Vietnam’s stock market in January, big investment funds in the market remain optimistic.
KPS surpasses RM1bil revenue mark for fiscal year 2020
KUMPULAN Perangsang Selangor Berhad (KPS) reported RM1.1bil revenue for its fiscal 2020, setting a new financial milestone by surpassing the RM1bil revenue mark for the Group’s performance.
Trading ideas: MPI, MRCB, SKP, Genting, Kerjaya Prospek, S P Setia
KUALA LUMPUR: Stocks to watch on Friday include Malaysian Pacific Industries Bhd (MPI), Malaysian Resources Corp Bhd, SKP Resources Bhd, Genting Bhd, Kerjaya Prospek Group Bhd and S P Setia Bhd, according to JF Apex Research.
Wall Street ends sharply lower, tech selloff weighs as bond yields climb
NEW YORK: Wall Street's main indexes tumbled on Thursday, with the Nasdaq index posting its largest daily percentage fall in four months, as technology-related stocks remained under pressure following a rise in U.S. bond yields
Kenanga Investment Bank posts record profit
KUALA LUMPUR: Kenanga Investment Bank Bhd has posted its highest ever full-year net profit, which almost quadrupled from the previous year.
IJM Corp posts stronger 3Q results, net profit at RM144m
KUALA LUMPUR: IJM Corporation Bhd posted a strong set of financial results for the third quarter ended Dec 31,2020 (3Q FY2021) as its net profit jumped 190.4% to RM144.49mil from RM49.76mil a year ago.
SKP reports higher Q3 profits, warns sales impacted by Covid-19Â
KUALA LUMPUR: SKP Resources Bhd, an electronics manufacturing services (EMS) company, said net profit in the third quarter ended Dec 31 jumped 72% to RM43.5mil as sales expanded 29% to RM713mil.
Buoyant markets fuel Kenanga Investment Bank record profitsÂ
KUALA LUMPUR: Kenanga Investment Bank Bhd (KIBB) reported a net profit of RM39.3mil in the last quarter ended Dec 31 on higher contribution from its stockbroking business, as well as increased contribution from its joint venture with Rakuten Trade.
 Earnings for the full year jumped four-fold to RM102mil.
