YTL Power’s Ranhill acquisition a positive
The increased stake in Ranhill Utilities Bhd bodes well for YTL Power International Bhd’s earnings growth over the long term.
Corporate News
PPB posts lower net profit of RM337.17mil in 1Q
KUALA LUMPUR: PPB Group Bhd’s net profit for the first quarter ended March 31, 2024 (1Q 2024) fell to RM337.17…
Elliott bets on shaking up Texas Instruments
Elliott Investment Management has invested more than US$2.5bil in Texas Instruments Inc and is pushing the chip maker to improve…
Farm Fresh fourth-quarter net profit increases four-fold to RM24mil
Reflecting on the group’s performance of the past financial year, Farm Fresh Bhd group managing director and chief executive officer…
MAHB 1Q net profit up 3-fold to RM190mil
KUALA LUMPUR: Malaysia Airports Holdings Bhd (MAHB) expects passenger traffic to further recover in 2024 closer to pre-pandemic levels, with…
New Petrobras chief pledges better returns
The new chief executive officer (CEO) of Brazil’s Petrobras tried to soothe investor concerns about ramping up investments during her…
PetGas 1Q net profit increases to RM457mil
PETRONAS Gas Bhd (PetGas) has recorded positive performance in the first quarter ended March 31, 2024 (1Q24) despite increased costs…
Press Metal 1Q net profit jumps to RM408.03mil from RM281.97mil a year ago
KUALA LUMPUR: Southeast Asia’s largest aluminium smelter Press Metal Aluminium Holdings Bhd's (PMetal) net profit jumped to RM408.03 million in…
Altice International explores ways to cut debt
Altice International has shelved plans to sell assets in the Dominican Republic as the company continues to explore ways to…