Latest company earnings and news

•AMMB Holdings (AMBANK) significantly increased its dividend payout following a 7% rise in second-quarter net profit compared to the previous year, driven by growth in interest income. The bank announced a higher interim dividend of 10.3 sen per share, up from 6 sen per share in the same period last year. The increase in payout was attributed to a stronger capital position. For 2Q25, the net profit was RM500.6m, compared to RM469.8m or in 2Q24. Revenue also increased to RM1.2b from RM1.1b.

•IJM Corporation (IJM) reported a 20.8% decline in net profit in 2Q25, with earnings falling to RM74.2m from RM93.6m in the same period last year, primarily due to increased unrealised forex losses. Despite this, quarterly revenue grew by 4% to RM1.52b, up from RM1.46 billion. The company declared a dividend of two sen for the quarter.

•Inari Amertron (INARI) experienced a significant 71.6% drop in net profit for 1Q25, recording its lowest quarterly earnings in nearly nine years. The net profit fell to RM24.12m from RM84.98m in 1Q24, primarily due to a foreign exchange (forex) loss of RM53.3m caused by a sharp decline in the US dollar against the ringgit. Despite this, revenue saw a slight increase of 1.1%, rising to RM388.0m from RM383.9m the previous year, driven by higher loading volume in its radio frequency business.

•Nationgate Holdings (NATGATE) saw its net profit for 3Q24 more than double compared to the previous year, driven by a record high quarterly revenue and boosted by unrealised forex gains. Net profit for 3Q24 surged to RM46.59m, up from RM17.28m in the same quarter last year while revenue soared to RM1.4b, an eightfold increase from the RM165.6m recorded last year, driven by heightened demand in the data computing segment. This morning, NATGATE's share price fell 9.4%, causing investors to take positions in call warrant NATGATE-CB, which correspondingly fell 35.7%.

•YTL Power International (YTLPOWR) may experience a gradual normalization of earnings from Power Seraya between FY25 and FY26 as retail electricity contracts with higher tariffs and advantageous natural gas hedges gradually come to an end (The Star, 28th Nov). As of this morning, shares of YTLPOWR rose 1.5% to a RM3.47, bringing the shares' week-to-date gain to 19%, recording four consecutive days of gains. The call warrant YTLPOWR-C72 correspondingly jumped 87.5% week-to-date, more than four times the moves in the shares.