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A factor in crude oil markets that probably doesn’t receive the attention it deserves is the difference between what various players say they will do, and what they actually do.
KUALA LUMPUR: The FBM KLCI clawed back to above the 1500-point level after yesterday’s sell down, but the broader market remained weak with over 700 counters in the red.
Petronas’ increased spend from 2022 to boost earnings
KUALA LUMPUR: Dagang NeXchange Bhd's (DNeX) net profit for the first quarter ended Sept 30, 2021(Q1 FY2022) stood at RM293.56 million, while revenue came in at RM270.87 million.
KUALA LUMPUR: Petron Malaysia Refining & Marketing Bhd posted a net profit of RM32.9mil in the third quarter ended Sept 30, against RM97.64mil a year ago.
KUALA LUMPUR: The ringgit slipped further to open lower against the US dollar on Wednesday as the greenback maintains its bullish move ahead of the United States' (US) economic data release, an analyst said.
PETALING JAYA: Following a record net profit of RM1.96bil for the third quarter ended Sept 30, 2021 (Q3) of its financial year 2021 (FY21), Petronas Chemicals Group Bhd (PetChem) can see weaker sequential earnings in Q4 due to ongoing turnaround activity at its 63.5%-owned Asean Bintulu Fertiliser plant.
PETALING JAYA: Petronas Chemicals Group Bhd (PetChem) will be paying RM800mil in special dividends as the group’s latest quarterly net profit surged to a record high, driven by stronger petrochemical product prices.
KUALA LUMPUR: The ringgit opened lower against the US dollar on Monday as the greenback continues to strengthen amid concerns of growing inflation, coupled with lower oil price, a dealer said.
The ringgit is likely to continue its decline against the US dollar this week amid the absence of local market catalyst and the strengthening greenback.