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GFM Services 3Q net profit triples to RM8.1m

KUALA LUMPUR (Nov 24): GFM Services Bhd’s net profit for the third quarter ended Sept 30, 2022 (3QFY2022) tripled to RM8.06 million from RM2.61 million in the same period last year on improved income contribution from its facilities management services segment. Earnings per share increased to 1.42 sen from 0.49 sen previously, the facilities management […]

TA Securities says these stocks are top winners and losers of GE15 — depending on who forms Govt

KUALA LUMPUR (Nov 21): Analysts have named the big winners and losers of the 15th general election (GE15), depending on which coalition forms the Government. In a research note, TA Securities said if Pakatan Harapan (PH) — which won the most seats at 82, falling short of the 112 simple majority — forms the government, […]

The worst may not be over but investors could start looking at tech stocks again

AFTER two years of a superbull run, Bursa Malaysia-listed semiconductor and semiconductor-related companies have seen their market capitalisation crumble since the beginning of the year, much like their counterparts in the US and other parts of the world. On average, share prices of The Big Four outsourced semiconductor assembly and test (OSAT) players — Inari […]

A hung Parliament, and what it means to the economy

KUALA LUMPUR (Nov 20): The just-concluded 15th general election (GE15) has brought Malaysia to unchartered waters with a hung Parliament, wherein neither coalition crossed the indispensable line of 112 simple majority to form the next Government independently. The conundrum is not surprising, Universiti Tun Abdul Razak economist Prof Dr Barjoyai Bardai said, adding that it […]

Microlink bolsters presence in Vietnam via pact with AquaOne

KUALA LUMPUR: Microlink Solutions Bhd is strengthening its presence in Vietnam through a partnership with AquaOne Corp. This follows Microlink’s existing technology engagement with leading insurance provider Vien Dong Assurance Corporation (VASS). AquaOne is one of the leading water supply and treatment companies in Vietnam. The Memorandum of Understanding (MoU) with AquaOne will allow Microlink […]

Global silicon wafer shipments seen hitting new record in 2022, says SEMI

KUALA LUMPUR (Nov 8): Global silicon wafer shipments are projected to increase 4.8% year-on-year in 2022 to a record high of nearly 14,700 millions of square inches (MSI), according to the US-based Semiconductor Equipment & Materials International (SEMI). Silicon wafers are the fundamental building material for the majority of semiconductors, which are vital components of […]

CGS-CIMB lifts Karex’s target price by 80%, expects condom maker to return to black in FY2023

KUALA LUMPUR (Nov 8): CGS-CIMB Research has raised its target price (TP) for Karex Bhd by a massive 80% as it is positive on the condom maker’s future prospects given the recovery in demand, favourable business environment and new product launches. The research house lifted Karex’s TP to 72 sen from 40 sen previously and […]


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