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Malaysia's Burgeoning Palm Oil Stockpile Threatens to Weigh on Prices — Analysts
Malaysia's stockpile of palm oil may continue to swell in the coming months on seasonal strength in production and weigh on prices, analysts cautioned.
MY Morning Wrap | Sime Darby Property's Q1 Net Profit Doubles on Record High Revenue
Stocks to watch: Sime Darby Property, Sunway.
Bank Islam Malaysia's Profit, Revenue Rise in Q1
Bank Islam Malaysia (KLSE:BIMB) said its profit attributable to equity holders rose to 129.2 million ringgit in the first quarter, from 118.1 million ringgit a year earlier.
Bank Islam Posts 9.4% Increase in 1Q Net Profit on Higher Net Fund-based Income, Lower Impairment
Bank Islam Malaysia Bhd (KL:BIMB), Malaysia's largest full-fledged Islamic bank, said on Tuesday its net profit increased 9.4% for the first quarter ended March 31, 2024 (1QFY2024) from a year earlier, mainly driven by higher net fund-based income and lower net allowances for impairment on financing.
Bursa Starts Week on Cautious Mode, Stays Flat
Caution reined on Bursa Malaysia as stocks stayed flat in early trade on Monday.
HLIB Downgrades Bank Islam to 'Hold', Keeps Target Price at RM2.35
Hong Leong Investment Bank (HLIB) Research has downgraded Bank Islam Malaysia Bhd (BIMB) to “hold” at RM2.24, with an unchanged target price (TP) of RM2.35, and said BIMB’s profit for the third quarter ended Sept 30, 2023 (3QFY2023) decreased 2% year-on-year due to a negative Jaws ratio (from higher operating expenditure), along with larger financing loss provision.
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