🚨 Latest company earnings and news

• Alliance Bank Malaysia (ABMB) reported a slight year-on-year increase of 2.5% in net profit for 2Q25, reaching RM189.91m compared to RM185.33m in the same period last year. This growth was driven by a 14.7% rise in quarterly revenue to a record RM605.7m from RM528.1m, attributed to higher interest income from loans and other operating income. However, the net profit was moderated by higher allowances for expected credit losses and increased operating expenses

• CIMB Group Holdings (CIMB) reported a nearly 10% increase in net profit for 3Q24, reaching RM2.03b compared to RM1.85b in the same period last year. This growth was driven by healthy increases in both net interest income (NII) and non-interest income (NOII). On a year-over-year basis, NII rose by 1.8%, net fees and commission income increased by 9.2%, and other NOII jumped by 28%. Revenue also saw an uptick, growing to RM5.7b from RM5.3b.

• Genting Bhd (GENTING) experienced a 57% year-on-year decline in net profit for 3Q24, dropping to RM223.8m from RM520.5m. This decrease was primarily due to higher write-offs for property, plant, and equipment, which totalled RM207.3m compared to just RM1.3m the previous year. Additionally, quarterly revenue fell by 11.2% to RM6.54b from RM7.37b, driven by reduced contributions from its leisure and hospitality division. This latest quarterly revenue marks the lowest since 1Q23 when it recorded RM5.82b.

• Genting Malaysia (GENM) reported a net profit of RM569.2m, marking a near six-year high and more than tripling from RM177.4m. This surge was primarily due to the recognition of net unrealised forex gains of RM601.8m on its US-dollar denominated borrowings, compared to a forex loss of RM1.7m in the previous period. Revenue saw a slight increase of 1.5%, rising to RM2.75b from RM2.7b, driven by higher revenue from its leisure and hospitality operations in the UK and Egypt. This morning, GENM’s share price have risen 4.3% to RM2.21. Correspondingly, the focus call warrant GENTINGC3K jumped 7.7% as of writing.

• Inari Amertron (INARI) reported a 71.6% decline in net profit for 1Q25, dropping to RM24.1m from RM85.0m in 1Q24. This marks its lowest quarterly earnings in nearly nine years, primarily due to a foreign exchange (forex) loss of RM53.3m following a significant depreciation of the US dollar against the ringgit. Revenue saw a slight increase of 1.1%, rising to RM388.0m from RM383.9m a year earlier, driven by higher loading volume in its radio frequency business.

• Sime Darby (SIME) reported a 36% increase in net profit for 1Q25, reaching RM800m compared to RM589m in the same period last year. This growth was primarily driven by profit contributions from the UMW division and a gain on the disposal of Malaysia Vision Valley land. Additionally, quarterly revenue saw a 31% rise to RM18.3b from RM14b.

• Tenaga Nasional (TENAGA) saw its net profit surge by 85% to RM1.6b in 3Q24, up from RM856.2m in the same period last year, primarily due to significant foreign exchange gains. The company recorded a forex gain of RM1.12b, a substantial increase compared to the modest net forex gain of RM4.6m in 3Q23. Additionally, quarterly revenue increased by 6.6%, reaching RM14.4b from RM13.5b, driven by higher electricity sales. As of this morning, the shares of TENAGA dropped 5.3% to RM13.24, causing investors to take position in call warrant TENAGA-C2T, which correspondingly fell 23%.

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