$ZHENGWEI GROUP (02147.HK)$ $PBBANK(1295.MY)$: Public Bank B...

$PBBANK(1295.MY)$: Public Bank Bhd reported a 7% increase in net profit for the third quarter ended Sept. 30, 2023 to RM1.70 billion from RM1.59 billion, driven by healthy growth in loans and customer deposits. The banking group's revenue for the quarter also increased, from RM5.50 billion to RM6.48 billion. Although the bank did not declare any dividend, net profit for the cumulative nine months ended Sept. 30 stood at RM5.03 billion compared with RM4.41 billion a year ago, while revenue was RM18.87 billion compared with RM15.36 billion previously.

$AXIATA (6888.MY)$: Axiata Group Bhd reported a significant increase in its net loss for the third quarter ended Sept. 30, 2023 (3QFY2023), which widened to RM797.41 million from RM52.4 million compared to the same period last year. The loss was mainly attributed to asset impairments and lower share of results from subsidiary CelcomDigi Bhd. During the quarter, the company suffered an impairment of RM1.01 billion due to the reclassification of its Nepalese subsidiary Ncell as an asset held for sale. As a result, losses from discontinued operations widened to RM824.5m.

$PPB (4065.MY)$: PPB Group Bhd reported a significant drop in net profit for 3QFY2023, down 52.52% to RM372.55mil from RM784.75mil compared to the same period last year. This was largely attributed to lower contribution from its 18.8 percent-owned associate, integrated agribusiness giant Fung Yee International Bhd. The company's quarterly revenue also fell 11.63 percent to RM1.46 billion from RM1.65 billion a year ago, with revenue from the group's core grains and agribusiness segment dropping 13.82 percent to RM1.06 billion compared to RM1.23 billion previously.

$QL (7084.MY)$: QL Resources Bhd posted its best quarterly net profit (2QFY2024) for the second quarter ended Sept 30, 2023, with a net profit of RM122.64 million. This is a significant increase of 30.61% from RM93.9 million in the same period last year. This is the company's highest quarterly earnings since December 2021 for at least eight quarters. The better operating profit more than offset the lower share of profits from affiliates and higher tax expenses. In addition, quarterly revenue increased by 4% to RM1.69 billion from RM1.64 billion.