Corporate News

99 Speed Mart records higher net profit of RM188.56mil in 1Q as outlet network grows

KUALA LUMPUR: 99 Speed Mart Retail Holdings Bhd started 2026 on a strong quarter, which founder and CEO Lee Thiam Wah attributes to the resilience of the business model despite ongoing geopolitical uncertainties.

Corporate News

Sports Toto maintains positive outlook despite lower 3Q profit

KUALA LUMPUR: Sports Toto Bhd maintains a positive outlook for the remaining quarter of its financial year ending June 30, 2026, despite a softer performance in the current quarter.

Corporate News

SunCon's 1Q net profit rises to RM118.41mil on higher profit margin, pays div of 22.8c/share

KUALA LUMPUR: Sunway Construction Group Bhd (SunCon) continues to position itself in key growth segments, particularly in Advanced Technology Facilities.

Corporate News

Pos Malaysia narrows 1Q loss on improved postal and aviation contributions

KUALA LUMPUR: Pos Malaysia Bhd narrowed its net loss to RM19.54mil in the first quarter of 2026, from a net loss of RM41.52mil in the same quarter last year on the back of stronger contributions across its business segments.

Corporate News

WCT unit bags RM152.68mil construction job in Taiwan

KUALA LUMPUR: WCT Holdings Bhd said the Taiwan branch of its wholly-owned subsidiary, WCT Bhd, has been awarded a RM152.68mil contract by Wu En De construction Co Ltd to undertake construction works between Gaoke Interchange (Design Station 344.5K) and Gangshan Interchange (Design Station 348.6K) for the project known as "National Highway No. 1 - Addition of Gangshan Second Interchange Project (Lot I108R)" in Taiwan.

Corporate News

TNB launches Malaysia's first battery energy storage system connected to national grid

DUNGUN: The Santong Battery Energy Storage System (BESS) project, with a capacity of 100 megawatt (MW)/400 MW-hour (MWh), developed by Tenaga Nasional Bhd (TNB), is the first BESS system in the country to be connected to the national grid.

Banking

GX Bank, CGC Digital to offer credit access up to RM150,0000 to MSMEs

KUALA LUMPUR: Digital bank GX Bank Bhd and CGC Digital have formed a strategic collaboration to offer micro, small and medium enterprises (MSMEs) digital guarantees for credit access of up to RM150,000.

Corporate News

Shell Malaysia to expand its Westport fuels terminal

KUALA LUMPUR: Shell Malaysia Trading Sdn Bhd (SMT) has announced the expansion of the Shell Westport Fuels Terminal, which will introduce new import infrastructure, comprising three additional gasoline and diesel tanks, enabling the terminal to accommodate full medium-range vessel parcels, thereby improving supply efficiency and operational capability.

Markets

Bursa Malaysia stays lower at midday following lack of progress at Trump-Xi summit

KUALA LUMPUR: Bursa Malaysia stayed lower at midday as investor sentiment weakened amid the absence of concrete deals and policy breakthroughs between China and the United States following US President Donald Trump's visit to China.

Property

L&G launches Damansara Laverra development with RM752mil GDV

KUALA LUMPUR: Land & General Bhd (L&G) has launched Damansara Laverra, a freehold high-rise residential development in Bandar Sri Damansara with a gross development value (GDV) of RM752 million.

Corporate News

Censof unit to develop Islamic accounting system for FT Islamic council

KUALA LUMPUR: Censof Holdings Bhd said its wholly-owned subsidiary Century Software (Malaysia) Sdn Bhd has accepted an RM17.8mil contract from the Federal Territories Islamic Religious Council (FTIRC) in relation to the development of an accounting system based on Islamic accounting standards.

Banking

Affin Bank records higher 1Q net profit of RM135.5mil

KUALA LUMPUR: Affin Bank Bhd maintained a steady performance in the first quarter of its financial year as the domestic banking sector adapted to persistent global supply and demand pressured, said president and group CEO Datuk Wan Razly Abdullah in his review of the bank's results.

Markets

Local institutions extend buying streak on Bursa Malaysia

KUALA LUMPUR: Local institutions extended their net buying streak on Bursa Malaysia for the fifth consecutive week, recording net inflows of RM233.2 million last week amid continued foreign selling across regional equity markets.

Banking

Hong Leong Bank to facilitate access to Bank Negara's SME Stabilisation Relief Facility

KUALA LUMPUR: Hong Leong Bank is facilitating access to the SME Stabilisation Relief Facility (SME SRF) for micro, small, and medium enterprises (MSME) that are experiencing temporary disruptions to operations and cash flow challenges resulting from the ongoing conflict in West Asia.

Economy

PIVB keeps 20206 GDP growth forecast unchanged at 4.6% as domestic demand supports expansion

KUALA LUMPUR: Public Investment Bank Bhd (PIVB) has maintained its 2026 gross domestic product growth forecast at 4.6 per cent year-on-year (y-o-y), with domestic demand still anchoring the expansion.

Telcos

Singapore telecom regulator suspends review of M1, Simba merger

SINGAPORE: Singapore's Infocomm Media Development Authority said on Monday it has suspended its review of a merger between telecom companies Simba Telecom and Keppel's M1.

Forex

Ringgit opens slightly higher against US$ amid cautious market sentiment

KUALA LUMPUR: The ringgit opened slightly higher against the US dollar on Monday although cautious sentiment persisted amid escalating geopolitical tensions in West Asia.

Markets

Bursa Malaysia falls after Trump-Xi trade disappointment

KUALA LUMPUR: The FBM KLCI continued its retreat as analysts noted the lack of any resolution on trade restrictions following the Trump-Xi summit.

Corporate News

Trading ideas: Velesto, LSH, Lianson, Gas, MN, NCT, Azam Jaya, MKH, Iris, Maxis, Westports, Carlsberg, JPG

KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.

Commodities

Oil touches 2-week high after drone attack on UAE nuclear power plant

SINGAPORE: Oil prices extended gains on Monday as efforts to end the U.S.-Israeli war on Iran appeared to have stalled, after a nuclear power plant in the United Arab Emirates came under attack and as U.S. President Donald Trump is expected to discuss military options on Iran.