Malaysia Money Matters Daily News Podcast

In today’s episode of Malaysia Money Matters, we unpack the KLCI index reshuffle, Affin’s oversubscribed US dollar bond issuance, and big corporate bets in real estate and semiconductors.

Plus, we explore Petronas’ margin squeeze, the steel industry’s tariff fears, and a massive FDI surge in Johor—highlighting how Malaysia is navigating global trade tensions while attracting strategic investments.

🇲🇾 Malaysian Company & Market News

🔹 AMMB Rejoins KLCI IndexFBM KLCI semi-annual review confirms AMMB Holdings replaces Hong Leong Financial Group, effective June 23. Index changes often shift fund flows and investor exposure.

🔹 Affin Bank’s Bond Issue Draws Strong DemandAffin raises US$300M from global investors with order book exceeding US$1B. Underscores rising foreign appetite for Malaysian financial assets.

🔹 EssilorLuxottica Eyes Optical Chain BuyoutThe Ray-Ban and Oakley maker plans to acquire A-Look, Seen, and OWL, adding 90+ stores and deepening its presence in Malaysia’s retail eyewear market.

🔹 IOI Properties Bets Big in SingaporeAcquires remaining stake in South Beach project for RM2.75B. Analysts flag debt and FX risk, especially amid rising Singapore rates.

🔹 Econpile Lands Penang LRT ContractWins RM42.8M job for piling works on Penang’s LRT project. Expected to lift earnings from FY2026 onward.

🔹 Tata Electronics Considers Malaysian PlantReports suggest interest in acquiring an OSAT (chip packaging) facility—boosting Malaysia’s semiconductor supply chain position if confirmed.

🏭 Sector Trends & Structural Moves

🔹 Petronas Faces Profit SqueezeOil & gas earnings outlook for 2025 cut; reports suggest Petronas may trim capex and workforce amid lower crude prices and margin pressure.

🔹 Steel Sector Flags Risk from US TariffsMalaysian producers warn of cheap redirected imports from China and others as the US doubles steel tariffs to 50%. Call for urgent safeguards.

🔹 Johor FDI Surges on SEZ MomentumForeign direct investment jumps nearly 7x to RM27.4B in Q1—driven by growing confidence in the Johor-Singapore Special Economic Zone.

🌍 Global Trends & Their Impact on Malaysia

🌐 US-China Trade Friction PersistsNew US tariffs and China’s rare earth export curbs are disrupting global supply chains—especially EVs and manufacturing sectors.

🏦 Rate Cut Hopes Rise in USSoft services data and higher jobless claims build expectations for Fed rate cuts, potentially weakening the dollar and lifting EM asset appeal.

📌 Key Takeaways & Investor Insights

✅ KLCI reshuffle impacts fund flows; AMMB’s inclusion could support near-term demand.✅ IOI’s Singapore move signals ambition but adds financial risk—investors should watch leverage ratios.✅ Malaysia’s semiconductor and optical retail sectors are attracting major global names—positive long-term signals.✅ Steel and O&G sectors remain vulnerable to global shocks—trade policy and pricing trends will be key.✅ Johor’s SEZ-driven FDI spike shows how targeted policy can deliver outsized results.

🎧 Listen Now for a deep dive into Malaysia’s financial gems and global trends shaping 2025!

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In today’s episode of Malaysia Money Matters, we unpack IOI Properties’ RM2.75B bet on Singapore real estate, Oasis Harvest’s pivot from palm oil to F&B, and the EPF’s reported plan to offload UK hospital assets.

Plus, we explore shifting market sentiment, new leadership appointments at CIMB and Cypark, and a tech-driven strategy shift from I-Bhd—alongside deepening global trade frictions and what they mean for Malaysian exports, palm oil players, and manufacturing sentiment.

🇲🇾 Malaysian Company & Market News

🔹 IOI Properties Acquires Singapore’s South BeachTakes full control of the luxury mixed-use development from CDL for RM2.75B, doubling down on recurring regional income assets.

🔹 Oasis Harvest Buys Chef Wan RestaurantsExits palm oil milling with RM30.8M acquisition of Chef Wan’s F&B operator—pivoting entirely into the consumer space.

🔹 Green Ocean Reallocates Glove FundsRedirects RM20M from struggling glove operations into its food & beverage segment, chasing more sustainable growth.

🔹 Ta Win Offloads Loss-Making FactorySells idle Port Klang facility for RM44.5M to cut losses and refocus operations.

🔹 EPF Eyes RM1.4B UK Hospital SaleReportedly exploring divestment of UK private hospital assets as part of wider portfolio rebalancing.

🔹 Leadership Changes at CIMB and CyparkSyed Zaid Albar to become CIMB chairman; Tan Sri Abdul Wahid Omar and Ami Moris assume top roles at Cypark—moves framed as governance upgrades.

🔹 I-Bhd Bets on AI & RoboticsInvests RM10M in AI integration across residential, retail, and hospitality segments—aimed at boosting efficiency and experience.

🔹 Kenanga Cuts FBM KLCI ForecastLowers end-2025 target to 1,655 due to weak Q1 earnings; sees construction, banking, and property as domestic bright spots.

🔹 India’s Tax Cut Hits Palm Oil PlayersNewly lowered edible oil import duty erodes margins for Malaysian planters with Indonesian refineries like KLK and Sime Darby.

🌍 Global Trends & Their Impact on Malaysia

🌐 Asean Manufacturing Still Under PressurePMI rose slightly to 49.2 in May but remains in contraction territory for the 12th straight month—dragging on Malaysia’s export outlook.

⚙️ US-EU Trade Tensions WorsenTalks show “progress” but the US hikes tariffs on EU steel and aluminium to 50%, straining transatlantic ties.

🌏 China Tightens Critical Mineral ControlsExport curbs on rare earths ripple through global auto supply chains—forcing plant shutdowns in Europe and prompting US response under emergency powers.

📉 US Job Growth Slows, Oil Prices DipMay’s private sector job gains plunge to 37K; oil edges lower on soft demand outlook despite geopolitical supply risks.

📌 Key Takeaways & Investor Insights

✅ Malaysian companies are responding to global headwinds with bold pivots—from F&B acquisitions to digital transformation.✅ EPF’s potential UK asset sale signals rebalancing amid international volatility.✅ The KLCI downgrade underscores broader investor caution—but domestic sectors like banking and construction offer relative strength.✅ India’s tax cuts present downside risks for Malaysian palm oil refiners with regional exposure.✅ Global trade friction is intensifying—impacting exports, investment strategies, and Malaysia’s near-term manufacturing outlook.

🎧 Listen Now for a deep dive into Malaysia’s financial gems and global trends shaping 2025!

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Malaysia Money Matters is a one-person passion project. Subscribe for free or support me as a paid subscriber—it means the world to me!

In today’s episode of Malaysia Money Matters, we unpack the sharp drop in EPF’s investment income, the leadership shake-up at Cypark, and the regulatory tension over Malaysia’s vaping industry.

Plus, we dive into global trade friction that’s rattling central banks and investor sentiment worldwide—from declining manufacturing in China and the US to the Bank of England’s cautious rate stance.

🇲🇾 Malaysian Company & Market News

🔹 BAT Malaysia Hits 39-Year LowQ1 profit fell 22% on lower sales volumes and the persistent challenge of the black market. Analysts remain cautious despite potential year-end recovery.

🔹 Cypark Appoints New Chairman & MDTan Sri Abdul Wahid Omar named Chairman; Ami Moris becomes Group MD. A move aimed at governance reform and transparency as the firm pushes deeper into renewables.

🔹 Deleum Expands RegionallyFinalizes acquisition of 70% in Indonesia-based OSA Industries for RM31M, boosting its Southeast Asia presence and oil & gas services portfolio.

🔹 EPF Q1 Investment Income Falls 13%Total income at RM18.31B, hurt by volatile global equity markets. Despite this, growing member contributions signal domestic job market resilience.

🔹 FBM KLCI Outlook TrimmedCIMB cuts year-end index target citing Q1 earnings softness, especially in banking and O&G. Pockets of strength noted in select REITs and banks.

🔹 Controversial Vape Manufacturing LicenceMITI grants interim production licence for nicotine e-cigarettes to a foreign firm, sparking regulatory questions as some states continue banning vape sales.

🌍 Global Trends & Their Impact on Malaysia

🌐 US-China Trade Friction PersistsTensions escalate amid Trump’s accusations and a potential Xi call. Manufacturing activity contracted in both nations in May, underlining tariff impacts.

🏦 Central Banks Stay CautiousBOE Governor Bailey warns trade uncertainty is clouding UK’s outlook. BOJ sees manageable downside risks, while the ECB weighs rate cuts amid 1.9% inflation.

📉 Global Growth Faces HeadwindsEconomists trim 2025 forecasts for Malaysia and Thailand, citing US trade war fallout. High global debt levels (US, UK, Japan) also stir market concern.

📌 Key Takeaways & Investor Insights

✅ Malaysia’s Q1 earnings season shows mixed signals—some strength in REITs, but overall drag from global volatility.✅ EPF’s dip shows even well-diversified funds are not immune to global tremors.✅ Vaping regulation reveals tensions between federal trade ambitions and local policy realities.✅ Global trade friction is no longer just noise—it’s directly affecting markets, earnings, and central bank decisions.✅ Investors should watch how geopolitics trickle into local markets and regulatory policy.

🎧 Listen Now for a deep dive into Malaysia’s financial gems and global trends shaping 2025!

🔗 Subscribe & Share the Malaysia Money Matters podcast on Substack, Spotify, or Apple Podcasts.

Malaysia Money Matters is a one-person passion project. Subscribe for free or support me as a paid subscriber—it means the world to me!

In today’s episode of Malaysia Money Matters, we unpack a wave of mixed earnings across Malaysia’s corporate landscape, major infrastructure wins in the data centre space, and a surprise US trade court ruling that may reshape global tariff dynamics. From Genting’s impairment hit to Sunway Construction’s RM1.16B contract surge, we connect the dots between local developments and international economic crosswinds.

🇲🇾 Malaysia Company & Market News

🔹 Genting Sees Q1 Profit Fall on Impairments & TaxesGenting Berhad posts a sharp profit drop due to asset write-downs and higher tax expense, while Genting Malaysia records a slight gain driven by forex movements—despite weaker revenue.

🔹 Axiata Weakens, Plans Asset SalesQ1 profit slips amid merger impacts. The telco eyes monetising LinkNet and Boost to deleverage, as part of its wider restructuring strategy.

🔹 CPO Players Shine: Jaya Tiasa and QL ResourcesHigh palm oil prices lift Jaya Tiasa’s profit fourfold. QL Resources holds steady but warns of margin risks if egg subsidies are removed.

🔹 Carlsberg, IHH Show Mixed SignalsCarlsberg Malaysia’s profit up due to tax timing, but sales volume dipped. IHH’s lower headline profit stems from accounting effects—core operations remain strong.

🔹 Chin Hin Doubles Profit, IJM Weathers Project LossChin Hin rides strong construction and property segments. IJM hit by West Coast Expressway-related credit loss, though core business and overseas JV remain positive.

🔹 Sunway Construction Secures RM1.16B in Data Centre JobsLandmark contract win from US-based client adds to booming data centre momentum. Order book and earnings visibility significantly strengthened.

🔹 Bursa Expands ETF AccessNew partnerships to list foreign underlying ETFs aim to broaden investor options through Bursa Malaysia.

🔹 IPO Buzz: Hartanah Kenyalang Oversubscribed 5xStrong investor interest ahead of ACE market listing, signalling confidence in construction-related counters.

🔹 OthersPMB Technology profits more than double on efficiency gains. Padini benefits from festive spending. Tropicana stays profitable with a strong sales pipeline. Wellcall dips on export pressure. Winstar Capital eyes rebound via higher aluminium prices.

🌍 Global Trends & Their Impact on Malaysia

🌐 Malaysia & Thailand Growth Forecasts CutEconomists trim 2025 projections due to US trade tensions, highlighting the toll on export-driven economies.

💱 Ringgit Holds Steady as USD WeakensA softer dollar supports regional currencies. Stable ringgit may curb inflation and allow more policy flexibility from Bank Negara.

🏛 US Fed Maintains Wait-and-See StanceCiting tariff uncertainty and rising recession risks, Fed minutes show officials are cautious about interest rate changes.

⚖️ US Trade Court Blocks Trump’s Blanket TariffsLandmark legal ruling challenges the president’s authority under the EPA, delivering a temporary relief rally across markets. The administration is appealing.

🛢 Oil Prices Rise Ahead of OPEC+ MeetingReduced trade tension and expectations of supply-tightening measures push oil higher. OPEC+ to decide on output hike this weekend.

🔌 China Tensions Deepen: Chips & Student VisasUS tightens controls on advanced chip design software exports and student visas for Chinese nationals in sensitive fields. Beijing calls the moves discriminatory.

💰 Goldman Sachs Recommends Gold & OilAs long-term hedges against US institutional risk and global supply shocks, analysts favour commodities amid rising uncertainty.

📌 Key Takeaways & Investor Insights

✅ Mixed corporate earnings highlight sector-specific risks and resilience—data centre, construction, and CPO stand out.✅ Sunway Construction’s billion-ringgit win underscores the strength of Malaysia’s digital infrastructure push.✅ US trade court ruling could reshape global tariff enforcement—watch legal outcomes for market sentiment shifts.✅ Fed patience + ringgit stability = possible monetary wiggle room for Malaysia amid export concerns.✅ Geopolitical risk remains elevated—from China tensions to OPEC decisions and global recession signals.

🎧 Listen Now for a deep dive into Malaysia’s financial gems and global trends shaping 2025!

🔗 Subscribe & Share the Malaysia Money Matters podcast on Substack, Spotify, or Apple Podcasts.

Malaysia Money Matters is a one-person passion project. Subscribe for free or support me as a paid subscriber—it means the world to me!

In today’s episode of Malaysia Money Matters, we break down Bank Negara’s latest regulatory crackdown, game-changing investments in AI and clean energy, and a wave of global financial shifts. From Microsoft’s cloud region launch to MIDA’s US$10B green energy deal, we unpack how Malaysia is positioning itself at the centre of the digital and sustainable future.

🇲🇾 Malaysia Company & Market News

🔹 Bank Negara Slaps RM5M in Fines on Major BanksFines issued to HSBC (and its Islamic arm), Maybank Islamic, and Bank Pembangunan over lapses in due diligence, sanctions screening, and CCRIS reporting. It’s a firm reminder of the regulator’s focus on financial integrity and AML/CFT compliance.

🔹 Malaysia’s Digital Investment Pipeline Hits RM59.1BDigital Minister reveals active investment commitments tied to Malaysia’s AI ambitions. Microsoft launches its Malaysia West cloud region as part of a US$2.2B pledge—enabling in-country data residency, a key compliance win for sensitive sectors.

🔹 Clean Energy Gets a Boost: US$10B ACWA-MIDA DealMassive renewable energy collaboration targeting 12.5GW capacity by 2040. Focus areas include green hydrogen and water solutions under the National Energy Transition Roadmap.

🔹 Axiata’s Q1 Profit More Than DoublesDespite slightly lower revenue, net profit jumps thanks to cost control, forex gains, and contributions from CelcomDigi. Shows margin resilience amid tight operating conditions.

🔹 AirAsia X Profits Down 37% Despite Passenger GrowthQ1 hit by higher maintenance and operating costs. Route reshuffle includes new flights to Almaty and suspension of Nairobi.

🌍 Global Trends & Their Impact on Malaysia

🌐 China’s Dual Narrative: Deflation at Home, Opening Up Abroad2025 inflation forecast trimmed to just 0.3% despite improved export outlook. Meanwhile, Shanghai Futures Exchange to accept foreign currency collateral for yuan-denominated trades—potentially reshaping global commodities access.

🌐 US-EU Tariff Pause Buys TimeTrump delays proposed 50% tariffs on EU goods to July 9. Eases tensions, but uncertainty lingers as trade remains a central economic risk.

🏦 Bank of Korea Expected to Cut RatesWith GDP contracting in Q1 and inflation easing, South Korea’s central bank is likely to lower its benchmark rate by 25bps—part of a wider regional monetary trend.

🔥 Geopolitical Watch: US-Russia Rhetoric EscalatesAmid reports of Russian troop movements near Ukraine’s Sumy region, President Trump warns Putin over rising aggression. Market concerns over energy and regional risk persist.

📌 Key Takeaways & Investor Insights

✅ BNM’s enforcement signals tougher compliance landscape ahead—especially on AML and data reporting.✅ Microsoft’s cloud region launch and MIDA’s clean energy deal mark Malaysia’s transition into a regional digital and green powerhouse.✅ Cost control is emerging as a critical earnings driver—seen in Axiata’s results despite revenue headwinds.✅ China’s internal deflation vs. external financial liberalisation will be a space to watch—especially for commodity-linked sectors.✅ Global trade risks are far from over. The temporary US-EU tariff pause highlights ongoing volatility affecting regional sentiment.

🎧 Listen Now for a deep dive into Malaysia’s financial gems and global trends shaping 2025!

🔗 Subscribe & Share the Malaysia Money Matters podcast on Substack, Spotify, or Apple Podcasts.

Malaysia Money Matters is a one-person passion project. Subscribe for free or support me as a paid subscriber—it means the world to me!

In today’s episode of Malaysia Money Matters, we dig into a wave of local earnings—from record-breaking bank results to surging data centre contracts—while also unpacking global trade tensions, index reshuffles, and currency swings.

We break down what it all means for investors navigating both local strength and global volatility.

🇲🇾 Malaysian Company & Market News

🔹 AMMB & Alliance Bank Post Record ProfitsAMMB delivered a record FY2025 net profit of RM2B (+7%), with a higher dividend payout ratio of 50%. Alliance Bank’s full-year profit hit RM750.7M, driven by 12% loan growth—double the industry average—and a planned RM600M rights issue to bolster capital.

🔹 MN Holdings Hits All-Time HighQ3 net profit tripled to RM16.69M on robust utility project execution. The group also secured a RM52.5M data centre job in Johor, reinforcing its position in the booming digital infrastructure space.

🔹 Felda’s New FGV Offer & Sime Darby OutlookAnalysts recommend FGV shareholders accept Felda’s revised RM1.30/share offer, seen as a fair 10% premium. Meanwhile, Sime Darby warned of a weaker FY2025, citing pressure on its Motors division from global competition.

🔹 FBM KLCI Index Shuffle Incoming?CIMB Securities suggests AMMB may replace Hong Leong Financial Group due to the latter’s failure to meet liquidity criteria. Index reshuffles can drive significant fund rebalancing.

🔹 Earnings Boosts Across the BoardStrong quarters from Deleum, Greatech Technology, Nextgreen Global, and Velesto Energy. Malakoff, however, saw profit decline due to lower energy payments. Sentral REIT acquired RM70M in retail assets from Sunrise to boost 2025 income.

🌍 Global Trends & Their Impact on Malaysia

🌐 Anwar, ASEAN, and the US Trade TightropeASEAN members reached consensus to avoid undermining each other in future US trade deals. PM Anwar Ibrahim has requested a direct meeting with President Trump amid ongoing tariff uncertainty.

🇪🇺 EU Scrambles on Tariffs, China Holds GroundEU accelerates US talks to avert 50% tariffs on autos and steel. China’s April industrial profits held steady, but Asian currencies, including the ringgit, slipped on global uncertainty.

💸 Fed Holds Steady Amid UncertaintyMinneapolis Fed’s Kashkari signaled caution on rate cuts due to unclear inflation trends and trade policy fallout. Meanwhile, US capital goods orders fell, adding to concerns.

📉 Bond Markets Rally on Fiscal JittersGlobal bond yields dipped as investors grew wary of sovereign debt loads. US 30-year yields dropped below 5%, while Japan considers debt sale adjustments.

📌 Key Takeaways & Investor Insights

✅ Malaysian banks remain a bright spot, with AMMB and Alliance Bank delivering record earnings and dividend strength.✅ MN Holdings’ performance highlights rising demand for digital infrastructure and data centre development.✅ Potential index changes—like AMMB entering the FBM KLCI—can spark significant fund movements.✅ Ongoing US tariff policy remains a major wildcard for ASEAN exporters and global inflation.✅ Market volatility is being shaped not just by earnings, but also by geopolitics and policy shifts. Stay nimble.

In today’s episode of Malaysia Money Matters, we break down a wave of major corporate earnings, tech infrastructure expansions, and regional renewable energy ambitions. From AMMB’s record profit to TNB and Petronas exploring green power exports with Singapore and Vietnam, we unpack what these developments mean for Malaysia’s economic momentum—and your bottom line.

🇲🇾 Malaysian Company & Market News

🔹 AMMB Delivers Record FY2025 Net ProfitReports RM2B in earnings, up 7%, with net impairments down 56% and dividend payout raised to 30.2 sen. CEO flags global headwinds, but asset quality remains strong.

🔹 Maybank, Public Bank See Softer NII GrowthMaybank’s Q1 net profit up 4% to RM2.59B, buoyed by insurance. Weak non-interest income prompts CIMB Securities to warn of potential KLCI earnings downgrades.

🔹 Autocount.com Profit TriplesQ1 net profit jumps to RM13.65M, driven by demand for e-invoicing software amid Malaysia’s digitalisation push.

🔹 ITMAX, MyEG See Tech-Driven GainsITMAX’s Q1 profit rises 12%, powered by smart infrastructure contracts. MyEG expands Zetrix blockchain use via new Singapore partnership for digitising cross-border trade.

🔹 U Mobile Inks RM2.4B 5G Deal with TM10-year agreement leverages TM’s fibre backbone, accelerating U Mobile’s 5G rollout to hit 80% population coverage by mid-2026.

🔹 IJM Secures RM1.4B Highway ContractWins New Pantai Expressway extension; seen as a positive step toward unlocking toll road asset value.

🔹 Petronas Gas Counts RM170M Pipeline Fire ImpactApril incident expected to dent FY earnings by RM60M, though Q1 results remained resilient.

🔹 Samaiden Group Bags RM101M Solar ProjectTo build solar plant in Kelantan under LSS5. Aligns with Malaysia’s clean energy targets.

🔹 Regional Green Power Push: TNB, Petronas, Sembcorp & PTSCMalaysia, Singapore, and Vietnam explore renewable power exports via new subsea cable—a major step toward a connected ASEAN energy grid.

🔹 Other HeadlinesFelda makes new bid for FGV. Malaysia Smelting hit by windfall tax. Sime Darby Plantation sees softer CPO prices. MAHB reports 13.9% passenger growth in April. Oppstar posts loss. Hong Leong Bank partners with Lombard Odier.

🌏 Global Developments & Regional Trends

🌐 Trump Delays EU Tariffs Until July 9Temporary relief adds volatility to global trade outlook, complicating the US Fed’s interest rate stance.

📉 US Dollar Weakens, Ringgit Eyes UpsideRinggit gains amid softer USD and US fiscal concerns. But Bursa Malaysia sees net foreign outflows after a four-week buying streak.

🔋 Indonesia’s Power Plan Prioritises RenewablesNew roadmap boosts solar and hydro while scaling back gas and coal—reinforces regional shift toward clean energy.

🔗 ASEAN-China Trade Deals UpgradedNew chapters on digital economy and supply chain integration added. Formal signing expected by year-end.

⚠️ US Tariffs Complicate Global Inflation OutlookFed and global central banks assessing inflation risks linked to rising protectionism and shipping delays.

🦠 Brazil’s Bird Flu Outbreak Threatens Chicken Supply ChainGlobal poultry exports face disruption, raising risks for food inflation.

📌 Key Takeaways & Investor Insights

✅ AMMB’s record profit highlights pockets of banking sector strength—but broader softness in NII may weigh on the KLCI outlook.✅ Digital infrastructure, e-invoicing, and blockchain adoption continue driving tech sector gains.✅ Malaysia’s role in ASEAN’s green energy export ambitions signals future-facing economic positioning.✅ Regional monetary and trade policies are being shaped by US volatility, underscoring the importance of currency and policy resilience.✅ Investors should watch infrastructure and renewable energy plays, particularly those aligned with regional collaboration and national targets.

🎧 Listen Now for a deep dive into Malaysia’s financial gems and global trends shaping 2025!

🔗 Subscribe & Share the Malaysia Money Matters podcast on Substack, Spotify, or Apple Podcasts.

Malaysia Money Matters is a one-person passion project. Subscribe for free or support me as a paid subscriber—it means the world to me!

In today’s episode of Malaysia Money Matters, we unpack a busy day of earnings updates, sector shifts, and international developments—from Sunway’s data centre-driven surge to a potential strengthening of the ringgit amid global dollar softness. Plus, what Eurozone weakness and Trump’s tax bill mean for Malaysia.

🇲🇾 Malaysian Company & Market News

🔹 Public Bank Remains a Defensive PickQ1 profit rose 5.6%, though management lowered their outlook due to net interest margin pressure and macro risks. Analysts remain positive, citing strong buffers and a 5.2% dividend yield forecast.

🔹 CelcomDigi Posts Steady Start to FY25Net profit up 1.9%; dividend declared. Network integration now 78% complete, with backend system harmonisation seen as a long-term strength builder.

🔹 Sunway’s Construction Business BoomsQ1 net profit jumped nearly 11%, driven by a 170% surge in construction profit, largely from data centre projects. New orders hit RM2.2B, aiming for RM6B this year.

🔹 Tomei Capitalises on Gold RallyRecord Q1 earnings and sales—up 33%—as gold prices remain strong amid investor flight to safe havens.

🔹 Mixed Bag in the Glove SectorKossan posted a 13% Q1 profit rise, but Supermax reported deeper losses, pressured by Chinese competition and tariff headwinds.

🔹 Dayang Enterprise Secures Petronas Win but StrugglesDespite a new Petronas contract, Q1 net profit slumped 56% on low vessel utilisation and higher costs.

🔹 Press Metal Profits UpQ1 net profit rose 13%, supported by aluminium price strength. Dividend declared.

🌍 Global Trends & Their Impact on Malaysia

🌐 Eurozone Private Sector Activity ShrinksUnexpected contraction in May—services worst hit—signals continued fragility despite isolated manufacturing resilience.

🌏 Singapore Warns of Recession RisksDespite strong 3.9% Q1 GDP growth, government maintains cautious full-year forecast (0–2%) due to global tariff threats.

💸 Trump’s Tax and Spending Bill Passes US HouseExpected to widen the deficit, fueling concerns that support gold and weigh on the US dollar—raising the ringgit’s upside potential if exporters repatriate foreign earnings.

💱 Ringgit Watch: Currency May Outperform in ASEANAnalysts flag Malaysia’s large foreign currency deposits and possible conversion flows as drivers for ringgit strength amid global FX volatility.

🛢 OPEC+ Mulls New Output Hike for JulyAnother 411,000 bpd increase discussed, following hikes in May and June. Potential impact on oil prices and regional producers.

🌐 ASEAN-China FTA 3.0 CompletedTrade pact now includes digital economy provisions, aiming to boost supply chain integration and regional recovery.

🚢 South China Sea Tensions Flare AgainNew confrontation between China and the Philippines underscores ongoing geopolitical risk in regional waters.

📌 Key Takeaways & Investor Insights

✅ Malaysia’s tech and construction sectors continue to show resilience, especially with data centre growth.✅ Glove sector remains pressured by intense pricing and trade tensions.✅ Ringgit strength could be a hidden upside if capital repatriation plays out.✅ Sunway, Public Bank, and CelcomDigi highlight strong operational fundamentals despite broader economic concerns.✅ Global developments—from Eurozone weakness to US fiscal policy—are increasingly shaping local investment dynamics.

🎧 Listen Now for a deep dive into Malaysia’s financial gems and global trends shaping 2025!

🔗 Subscribe & Share the Malaysia Money Matters podcast on Substack, Spotify, or Apple Podcasts.

Malaysia Money Matters is a one-person passion project. Subscribe for free or support me as a paid subscriber—it means the world to me!

In today’s episode of Malaysia Money Matters, we explore the latest earnings from Malaysian corporates, strategic moves in the energy and tech sectors, and escalating global trade dynamics. From Nvidia’s AI bet on Malaysia to US tariffs hitting local solar exports, we break down what it all means for you.

🇲🇾 Malaysia Company & Market News

🔹 Apex Healthcare Slips, Eyes Q2 RecoveryQ1 net profit fell 17.1% amid weaker public sector sales and losses from associate Straits Apex. A rebound is expected in Q2. Shares unchanged at RM2.15.

🔹 Bumi Armada Secures Full Rights to Indonesian Oil BlockArmada Kojo BV gains 100% control of Kojo Block in the Makassar Strait. Estimated reserves: 90M barrels of oil and 2T cubic feet of gas. Shares up nearly 1%.

🔹 Affin-AMMB Merger Buzz Raises Dilution ConcernsCIMB flags potential share dilution in a proposed merger. AMMB shares dipped; Affin steady. Sarawak’s stake in Affin adds political context.

🔹 Duopharma Eyes Halal Boom in IndonesiaUpcoming Indonesian halal regulations present a new export opportunity. Also secured a local insulin supply contract extension. Shares rose to RM1.33.

🔹 Eversendai Rides Global MomentumSecures RM1.3B in contracts across UAE, India, Singapore, and Germany (offshore wind). Total order book now RM6.6B.

🔹 Petronas Chemicals Swings to RM18M LossDragged by weak margins, cost pressures, and FX losses. Despite higher revenue, analysts grow cautious. Shares fell.

🔹 Sunway Construction Doubles Profit on Data Centre WinsQ1 profit more than doubled, boosted by large-scale data centre contracts. Added RM260M Johor project. Dividend: 5 sen. Shares hit five-month high.

🔹 Sports Toto Hits 12-Year Profit PeakQ3 net profit surged 54.3% as jackpot-driven betting spiked. Revenue at record high. Dividend: 2 sen. Shares rose.

🔹 MyEG Grows 16.5% on Blockchain RevenueZetrix platform boosts performance. Revenue up 28.8%, though impairment losses offset gains. No dividend this round.

🔹 Retail & Plantation Strength: Aeon & TSH Profits ClimbAeon net profit up 18.7% on festive spending. TSH net profit surged 140% on higher CPO pricing and lower finance costs.

🔹 Renewables Surge: Velesto, Samaiden, Group, Solarvest Win BigVelesto secured a Vietnam drilling contract. Samaiden won a RM45M LSS5 solar job. Group and Solarvest both saw net profits triple on solar expansion.

🔹 Delisting Risk: Sarawak Cable & AnnumTrading suspension set for May 28, delisting expected by May 30 after failure to submit regularisation plans. Both are PN17 firms.

🔹 Public Bank Delivers Stable GrowthQ1 net profit up 6% on stronger loan growth and lower provisions. Impaired loans remain low at 0.5%. No dividend declared.

🔹 Malaysia’s First Gold-Backed Pawn Loan Bond Rated AAATY Consolidated’s innovative RM bond backed by gold pawn loans earns top rating from RAM. Pioneering retail credit securitisation model.

🌍 Global Trends & Their Impact on Malaysia

🌐 Bird Flu in Brazil Threatens Global Chicken SupplyOutbreak halts key exports, including to China and Europe—potential inflation risk for Malaysia.

🔹 China–ASEAN Free Trade Deal 3.0 FinalisedExpanded scope includes digital, green economy sectors. Formal signing expected by year-end.

🔹 EU Sanctions Russian LNG ShipmentsThree ships linked to Yamal LNG targeted. Moscow rerouting via Arctic routes to bypass Europe.

🔹 G7 Eyes Tariffs on Chinese Online GoodsTemu, Shein in focus as new tariffs discussed. EU mulls flat import fee. Could reshape low-cost e-commerce.

🔹 UK Inflation Surprise May Delay BoE Rate CutsApril CPI at 3.5%, higher than expected. Services inflation remains sticky.

🔹 US Fed vs. White House: Tariff Inflation DisputeFed urges caution on rates due to tariff-related price risks. White House downplays inflation concerns.

🔹 Middle East Tensions Drive Oil VolatilityUS intel suggests Israel may target Iranian nuclear sites. Oil prices react on supply fears.

🔹 US Tariffs Target Malaysian Solar ExportsNew duties average 34% on solar gear from Malaysia and others. Potential hit to exports and RE projects.

🔹 Indonesia Cuts Rates to Support GrowthNew 5.5% rate aims to boost sluggish GDP and stabilise the rupiah amid tariff fallout.

💡 Tech, Trade & Strategic Developments

⚡ NVIDIA-YTL Supercomputer Project in Malaysia ConfirmedNvidia’s Q3 rollout of GB200 supercomputer at Johor’s YTL Green Data Centre cements Malaysia’s AI infrastructure leadership.

🔹 MITI to Unveil New Semiconductor Incentives in JulyFresh fiscal support for Malaysia’s chip sector to mark one-year anniversary of National Semiconductor Strategy.

✈️ Sarawak’s MASwings Acquisition Set for Completion by Year-EndRegional airline “Airborne” to preserve routes and staff. Strengthens East Malaysian air connectivity.

📌 Key Takeaways & Investor Insights

✅ Data centre and solar infrastructure are powering corporate profits—Sunway Construction, Solarvest, Samaiden, and Group all surged.

✅ Nvidia’s AI infrastructure bet on Malaysia is a long-term game changer—highlighting power stability, talent, and policy readiness.

✅ Rising US tariffs now hitting Malaysian solar exports—investors should watch for supply chain disruptions and margin impacts.

✅ Malaysia’s banking sector remains resilient—Public Bank, among others, continues to deliver stable returns.

✅ Central banks in the region are cutting rates amid trade risks—monetary easing could ripple into Malaysian markets and policy decisions.

🎧 Listen Now for a deep dive into Malaysia’s financial gems and global trends shaping 2025!

🔗 Subscribe & Share the Malaysia Money Matters podcast on Substack, Spotify, or Apple Podcasts.

Malaysia Money Matters is a one-person passion project. Subscribe for free or support me as a paid subscriber—it means the world to me!

In today’s episode of Malaysia Money Matters, we explore key developments across Malaysia’s corporate sector, major shifts in global monetary policy, and the ripple effects of international trade tensions. From Eversendai’s billion-ringgit wins to China and Australia slashing rates, we break down what it all means for you.

🇲🇾 Malaysian Company & Market News

🔹 Axis REIT Launches RM3B Sukuk ProgrammeSolid AA2/A1-rated Islamic debt facility to fund capital needs, expansions, and refinancing. Market reacted positively; units closed higher at RM1.90.

🔹 Eversendai Secures RM1.3B in ContractsWins across UAE, India, Singapore, and Germany. Notably part of a German offshore wind energy project. Order book now at RM6.6B.

🔹 Gas Malaysia Taps BiomethaneLaunches centralized injection facility in Johor, targeting premium green energy sales to ESG-conscious clients. Break-even estimated in 7–9 years.

🔹 IHH Ups Fortis Deal Legal ClaimSingapore unit now seeking RM5.7B in damages from Daiichi Sankyo over blocked Fortis acquisition. Court hearing set for July.

🔹 Inari Profits Drop, Cautiously OptimisticQ3 net profit down 24.7% on lower volume and China startup losses. Dividend declared; shares held at RM2.02.

🔹 Duopharma’s Insulin Deal Extended AgainSix-month contract extension with Malaysia’s Ministry of Health boosts stability. Third extension since 2021.

🔹 MyEG Profits Up on Blockchain GrowthQ1 net profit rises 16.5% on gains from Zetrix platform. Eyes further growth from Malaysia’s national blockchain rollout.

🔹 Petronas Chemicals Posts Rare Net LossRM18M Q1 loss due to weaker margins, FX hits, and Pengerang supply issues. Fertilizer & methanol segment offered some relief.

🔹 Sapura Industrial Moves Into Battery JVPartners with China’s Zhejiang Zhongze to manufacture battery components locally. Sapura holds a 51% stake.

🔹 Sports Toto Hits 12-Year Profit HighQ3 net profit more than doubles, boosted by demand for jackpot draws. Declares 2 sen dividend.

🔹 Sunway Construction Adds RM260M Data Centre JobSecures final phase of Johor data centre build; total contract value now RM393M. Q1 net profit more than doubled.

🔹 TSH Resources Profit Jumps 140%Higher palm prices, better segmental contributions, and lower costs drove strong Q1. No dividend this round.

🔹 Velesto Wins Vietnam Rig ContractDeploying NAGA 4 rig for 40+ wells starting 1H 2026. Expected to boost 2026–27 earnings.

🔹 Petronas-ENI Eye Indonesian Gas JVTalks to jointly develop Indonesia’s Kutai Basin gas assets. Asset swap could be in play.

🌍 Global Trends & Their Impact on Malaysia

🌐 China & Australia Cut Interest RatesCoordinated monetary easing reflects concerns over global trade and domestic headwinds. Regional markets react cautiously.

💱 Japan’s Bond Market Hit by Weak Auction20-year yields hit highest level since 2000. Signals anxiety over fiscal policy and BOJ support.

🛢 Kazakhstan Defies OPEC+ with Output Hike2% increase in May oil production adds pressure to supply management efforts within the bloc.

⚠️ ECB & BIS Warn of Trade & FX RisksECB flags tariff-driven financial instability. BIS highlights $113T FX swap market risk tied to potential “dollar scramble.”

📉 Moody’s Downgrades US Credit RatingCuts sovereign rating to Aa1, citing rising debt and fiscal strain. Markets react with selloff and rising yields.

🧾 Exporters Feel Tariff PainAllianz survey shows 42% of global exporters expect revenue drops. German firms especially worried.

📌 Key Takeaways & Investor Insights

✅ Regional rate cuts by China and Australia show rising concern over trade-driven uncertainty.✅ Eversendai’s RM1.3B win and Sunway Construction’s data centre growth reinforce Malaysia’s infrastructure momentum.✅ Inari and PetChem’s results highlight vulnerability to global tech and energy volatility.✅ Blockchain, battery JVs, and biomethane signals a pivot toward new economy sectors.✅ Malaysia’s banking sector remains resilient—offering dividend stability in turbulent times.

🎧 Listen Now for a deep dive into Malaysia’s financial gems and global trends shaping 2025!

🔗 Subscribe & Share the Malaysia Money Matters podcast on Substack, Spotify, or Apple Podcasts.

Malaysia Money Matters is a one-person passion project. Subscribe for free or support me as a paid subscriber—it means the world to me!