Malaysia Morning Wrap | Bursa Malaysia is expected to continue its recovery momentum in the following week

The S&P 500 and Dow Jones hit record-high closes during a very slow post-Thanksgiving trading day. Just past 1 am ET the $S&P 500 Index (.SPX.US)$ traded +0.56%, the $Dow Jones Industrial Average (.DJI.US)$ climbed 0.42%, and the     $Nasdaq Composite Index (.IXIC.US)$ climbed 0.83%.

$PBBANK (1295.MY)$ Malaysia's third-largest bank by assets reported a 12% rise in net profit to RM1.91 billion for the third quarter of 2024, up from RM1.7 billion a year earlier, driven by growth in operating income. Net interest income increased by 5%, Islamic banking income grew by 6.5%, and non-interest income, including fees and commissions, surged by 18%. Revenue also climbed to RM6.81 billion from RM6.48 billion in the same period last year.

$RHBBANK (1066.MY)$ 's net profit surged 28% to RM833.19 million in 3QFY2024, up from RM649.95 million a year earlier, largely due to significant currency gains of RM659.86 million. Excluding these forex gains, other operating income was RM394.14 million, compared to RM435.88 million in the same period last year, which included a net forex gain of RM85.22 million. Revenue for the quarter rose by 7% to RM4.51 billion, from RM4.22 billion in the corresponding quarter.

$AAX (5238.MY)$ 's net profit skyrocketed 22 times to RM121.64 million in 3QFY2024, up from RM5.56 million, driven by significant currency gains and higher revenue, which offset increased operating expenses. The company reported RM125.29 million in both realized and unrealized net foreign exchange gains. Revenue increased by 23% to RM795.03 million, from RM648.36 million, due to higher ticket sales and ancillary revenue. AAX expects to maintain this momentum in 4QFY2024, as the final quarter is typically the busiest for the international travel industry.

$TENAGA (5347.MY)$ has entered into the MY07 Electricity Supply Agreement (ESA) with Bridge Data Centres (BDC), a hyperscale data centre platform backed by Bain Capital, to address the urgent energy requirements of a state-of-the-art data centre in Malaysia. The agreement marks the fastest ESA delivery in the country, according to TNB. BDC's MY07 data centre, located in Johor Ulu Tiram, is under construction and will become a leading hyperscale data centre to cater to the region's growing digital infrastructure demands upon completion.

$PANAMY (3719.MY)$ recorded its lowest quarterly net profit in three years at RM2.47 million in 2QFY2025, due to a forex loss of RM16.4 million and increased raw material costs. The company's net profit was RM33.22 million in the same quarter last year. Revenue remained stable at RM236.07 million, and the interim dividend was maintained at 15 sen per share, payable on January 20th.

$VELESTO (5243.MY)$ reported a net profit of RM42.93 million for 3QFY2024, representing a more than 30-fold increase from RM1.22 million in the same period the previous year. Revenue grew by 21.83% to RM352.36 million, up from RM289.24 million, driven by higher utilization and average daily charter rates for jack-up rigs in its drilling services, as well as an extension of its integrated rig, drilling, and completion (i-RDC) project during the quarter.

$PADINI (7052.MY)$ Holdings Bhd reported a significant 57% decrease in net profit for 1QFY2025, citing increased living costs and challenging retail conditions as key factors. The company's net profit fell to RM11.52 million from RM26.67 million in the same period of the previous year, due to currency losses, higher staff costs, and depreciation。Despite this, Padini maintained its dividend payout, declaring a second interim distribution of 2.5 sen per share, which is higher than the earnings per share of 1.75 sen, to be paid on December 27。The company also noted a 1% growth in revenue to RM393.14 million, up from RM388.2 million。

$QL (7084.MY)$ Resources Berhad experienced a 4.6% increase in net profit for the second quarter ending September 30, 2025 (2QFY2025), reaching RM128.28 million, compared to RM122.64 million in the same period of the previous year . This growth was attributed to improved revenue contributions from all business segments, which helped to counterbalance the rise in tax expenses and finance costs . The company's quarterly revenue for this period climbed by 10.8% to RM1.87 billion, up from RM1.69 billion in the corresponding quarter of the previous year .

$HEXIND (0161.MY)$ has secured an agreement to introduce Luckin Coffee to Malaysia, granting it the exclusive rights to develop, operate, and open coffee shops under the Luckin Coffee brand across the country for an initial period of 10 years, with options for two subsequent five-year renewals.