Results came out one after another, Malaysia National Re rose and stopped, and Du Fu fell
Results came out one after another, Malaysia National Re rose and stopped, and Du Fu fell
Q4 net profit reached a record high, and Malaysian National Reinsurance rose and fell
Insurance revenue soared, Malaysian National Reinsurance $MNRB (6459.MY)$ At the end of fiscal year 2024, net profit was reported at RM232,631,000, a year-on-year increase of 1.45 times, a record high.
After the announcement of the results, the stock immediately jumped higher in midday trading, hitting a rising and closing market level, rising 30% or 54 cents to RM2.34, setting a 52-week high.
When the market closed, the stock closed at RM2.32, up 52 cents or 28.9%, making it the highest rising stock today.
Net profit plummeted 60%, and Du Fu Technology took back recent gains
Another Dufu Technology, which also announced results today $DUFU (7233.MY)$ Net profit for the first quarter of fiscal year 2024 fell to RM4.255,000, a sharp drop of 59.3% year-on-year, due to the decline in hard disk drive-related revenue.
The company reported revenue of RM57.859,000 for the first quarter ending the end of March, a year-on-year decrease of 22%.
The stock had a heavy decline in midday trading. At one point, it fell nearly 6%. When the market closed, the stock closed at RM2.20, a drop of 11 cents, or 4.8%.
Source: Nanyang Siang Pao
Disclaimer: This content is for informational and educational purposes only, and does not constitute any specific investment, investment strategy, or recommendation endorsement. The reader shall bear any risk and responsibility arising from reliance on this content. Always conduct your own independent research and evaluation and consult professional advice if necessary before making any investment decisions. The author and related participants are not responsible for any loss or damage resulting from the use or reliance on the information contained in this article.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
Nanyang Siang Pau Official Account
《南洋商报》创立于1923年，是马来西亚历史最悠久的中文报纸之一。以财经及商业新闻为主，是商家与投资者必备的新闻资讯平台。
6500Followers
1Following
7258Visitors
Follow