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Axiata, Genting, Genting Malaysia, UMW, Axiata, Maybank, Public Bank, Sime Darby, Sime Darby Property, Unisem, Kerjaya Prospek, S P Setia, MSM, Matrix Concepts, Dutch Lady, TSH Resources, DNeX, MBSB, MPI, IJM Plantations, PPB, Kenanga Investment, Malaysia


KUALA LUMPUR (Feb 25): Based on corporate announcements and news flow today, companies in focus tomorrow (Feb 26) may include: Axiata Group Bhd, Genting Bhd, Genting Malaysia Bhd, UMW Holdings Bhd, Axiata Group Bhd, Malayan Banking Bhd, Public Bank Bhd, Sime Darby Bhd, Sime Darby Property Bhd, Unisem (M) Bhd, Kerjaya Prospek Group Bhd, S P Setia Bhd, MSM Malaysia Holdings Bhd, Matrix Concepts Holdings Bhd, Dutch Lady Milk Industries Bhd, TSH Resources Bhd, Dagang NeXchange Bhd, Malaysia Building Society Bhd, Malaysian Pacific Industries Bhd, IJM Plantations Bhd, PPB Group Bhd, Kenanga Investment Bank Bhd, Malaysian Resources Corp Bhd, Media Chinese International Ltd, Media Prima Bhd, YTL Corp Bhd, Mah Sing Group Bhd, FGV Holdings Bhd and VS Industry Bhd. ....

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PPB 4Q net profit rises on Wilmar contribution, declares 38 sen dividends


KUALA LUMPUR (Feb 25): PPB Group Bhd s fourth-quarter (4Q) net profit increased 10.13% to RM385.39 million from RM349.95 million a year earlier, partly helped by profit contribution from 18.5%-owned Singapore-listed Wilmar International Ltd as conglomerate PPB s revenue fell due to the impact of the Covid-19-driven movement restrictions to curb the spread of the outbreak.
In a Bursa Malaysia filing today, PPB said profit contribution from agribusiness group Wilmar increased by RM79 million to RM387 million in the fourth quarter ended Dec 31, 2020 (4QFY20).  
PPB said its 4QFY20 revenue fell to RM1.13 billion from RM1.18 billion. For 2021, while we expect near-term growth to be affected by the reintroduction of stricter (Covid-19) containment measures, we believe that the impact will be less severe than what we experienced in 2020, said PPB, the businesses of which, include flour milling and cinema operations. ....

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RHB Investment Bank chief set to join Kuok's Group


RHB Investment Bank Bhd chief executive officer Robert Huray (pic) will leave the unit of Kuala Lumpur-based RHB Bank Bhd, said the people, asking not to be named as the information is private. Huray is set to join Kuok Group in Singapore as regional managing director in March, said one of the people
KUALA LUMPUR: Billionaire Robert Kuok’s Kuok Group is hiring one of the top investment bankers in Malaysia to help oversee the conglomerate’s investments in South-East Asia, according to people with knowledge of the matter.
RHB Investment Bank Bhd chief executive officer Robert Huray (pic) will leave the unit of Kuala Lumpur-based RHB Bank Bhd, said the people, asking not to be named as the information is private. ....

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