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KUALA LUMPUR: Public Bank Bhd posted lower net profit of RM1.33bil in the second quarter ended June 30, 2019 due to the 25 basis points cut in the Overnight Policy Rate (OPR) in May despite stronger loan growth.
MBSB Bank Bhd sprang a surprise with an unexpected surge in impairment allowances for the first quarter ended March 31, 2019 (1Q19).
PETALING JAYA: Public Bank Bhd’s net profit for the first quarter ended March 31, 2019 (1Q19) came in slightly higher at RM1.41bil from the RM1.405bil reported in the same period a year ago.
KUALA LUMPUR: Public Bank Bhd posted slightly higher net profit in the first quarter ended March 31, 2019 mainly due to lower loan impairment allowance and higher investment income when compared with a year ago.
KUALA LUMPUR: Malaysia Building Society Bhd (MBSB) reported 54% jump in its net profit for the financial year ended Dec 31, 2018 at RM642.20mil, underpinned due to lower impairment allowances and partly set off by higher operating expenses.
Decline in key retail and hire purchase businesses
KUALA LUMPUR: Public Bank Bhd posted lower earnings in the fourth quarter, as income from its key retail and hire purchase businesses declined.
PETALING JAYA: Used motor vehicle financier ELK-Desa Resources Bhd’s earnings outlook for the second half of financial year 2019 (H2FY19) looks to be resilient, backed by the group’s vertical expansion focus in the used-car hire purchase markets while maintaining domestic dealer partnerships in its furniture business.
KUALA LUMPUR: Perdana Petroleum Bhd, Malaysia Building Society Bhd (MBSB), ELK-Desa Resources Bhd, Teo Seng Capital Bhd and Sunway Construction Group Bhd (SunCon) are among the stocks to watch, according to JF Apex Research.
Third-largest lender by assets records higher revenue for the quarter