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PETALING JAYA: A total of 11 Malaysian firms were recognised under Forbes Asia’s 2021 Best Under A Billion list, which highlighted the resilience of 200 public-listed small and mid-sized companies in the Asia-Pacific region with sales under US$1bil (RM4.16bil).
KUALA LUMPUR: The FBM KLCI turned slightly into the red at midday as investors displayed caution ahead of Bank Negara's monetary policy decision tomorrow.
KUALA LUMPUR: The FBM KLCI finished higher on Friday, boosted by late buying of KL Kepong, but the broader market was cautious after Bank Negara lowered its forecast for this year’s GDP due to the pandemic.
KUALA LUMPUR: Maybank Investment Bank Research has maintained its forecasts and "buy" call on Frontken Corp Bhd on the back of 2Q21 core net profit that were in line with its expectations.
PETALING JAYA: Frontken Corp Bhd’s net profit rose 21.7% to RM24.74mil for the second quarter (Q2) ended June 30, 2021, from RM20.33mil in the corresponding quarter last year on higher revenue.
KUALA LUMPUR: Frontken Corp Bhd's net profit rose 21.69% to RM24.74mil in the second quarter ended June 30, 2021, from RM20.33mil in the previous comparative quarter due to an increase in contributions from its Taiwan, Malaysia and Singapore subsidiaries.
PETALING JAYA: The growth prospects for Frontken Corp Bhd looks bright owing to resilient job order flows and its expansion in Taiwan.
KUALA LUMPUR: Frontken Corp Bhd's purchase of its new Taiwanese facility could potentially double its output in the country in the long-term, leading to bright earnings growth prospects for the group.