Tech and Glove Sectors Surge: Which Malaysian Industries Benefit from US Tariff Hikes?

On Wednesday, shares of Malaysian technology firms soared to a 15-month peak, buoyed by the announcement of the US' intention to impose a twofold increase in tariffs on Chinese semiconductors.

Moomoo News MYMay 15 06:41 ET

QSR Brands, Nestle, ViTrox, LPI Capital, Ajiya, YTL REIT, Tex Cycle, Gadang, HHRG, Sapura, MSC, Capital A, BSL, Oppstar

KUALA LUMPUR (April 30): Here is a brief recap of some business news and corporate announcements that made the headlines on Monday (April 29): QSR Brands and KFC Malaysia confirmed it suspended operations of its outlets to manage costs, amid news that over 100 of its outlets have ceased...

The Edge MarketsApr 29 14:14 ET

ViTrox Sees Gradual Semiconductor Recovery in 2H2024, to Continue to Ramp up R&D Investment

Automated test equipment maker ViTrox Corp Bhd, which has just seen its net profit halve in the first quarter of 2024, is expecting a gradual recovery in the semiconductor sector towards the second half of the year (2H2024) and is continuing to ramp up its research and development (R&D) investments in anticipation of that.

The Edge MarketsApr 29 05:28 ET

MY Morning Wrap | Genting Malaysia and Berjaya Deny Forest City Casino Talks

Stocks to watch: Genting Malaysia, KPJ, Vitrox

Moomoo News MYApr 28 20:25 ET

ViTrox's Profit Drops in Q1 on Lower Revenue

ViTrox (KLSE:VITROX) said its profit attributable to owners plunged to 17.2 million ringgit in the first quarter, from 33 million ringgit a year earlier. Diluted earnings per share dropped to 0.0181 r

MT NewswiresApr 26 05:41 ET

Vitrox Shares on Pace for Worst Day in 18 Months as 1Q Disappoints

Shares of ViTrox Corp Bhd are headed for its worst day in 18 months as first-quarter (1Q) results disappointed investors while analysts turned increasingly cautious on the semiconductor company's near-term prospects.

The Edge MarketsApr 25 22:43 ET