Day: July 29, 2024

KUALA LUMPUR, RHB Investment Bank Bhd has maintained its overweight rating on the power sector following the introduction of the Corporate Renewable Energy Supply Scheme (CRESS), with guidelines to be launched in September. In a note today, the investment bank said that under the Green Madani initiative, CRESS aligns with the government’s aspiration to increase renewable energy capacity from 26 per cent (10.6 gigawatts) to 40 per cent by 2035 and 70 per cent by 2050. The introduction of CRESS represents a progressive step towards power industry reform, leading to a more liberal and competitive market. “This change also presents

KUALA LUMPUR, DXN Holdings Bhd’s (DXN) share price was slightly higher in the early morning trading session today after it reported a strong performance for its first quarter ended May 31, 2024 (1Q FY2025). At 10.40 am, DXN inched up half-a-sen to 64 sen with 5.57 million shares traded. In a Bursa Malaysia filing on Friday, DXN said its net profit increased to RM85.56 million in 1Q FY2025 from RM77.60 million in 1Q FY2024, while its revenue rose 12 per cent to RM475.05 million from RM423.98 million previously. In a note today, Maybank Investment Bank Bhd expects DXN’s group sales

KUALA LUMPUR, Research firms are positive on Westports Holdings Bhd’s outlook on the back of strong gateway volumes from steady foreign investments. In a filing with Bursa Malaysia last Friday, the port operator reported that its net profit improved to RM203.74 million in the second quarter ended June 30, 2024 (2Q 2024), from RM194.76 million in 2Q 2023, while its revenue rose by 6.0 per cent to RM552.99 million from RM542.64 million posted a year ago. In a note, Hong Leong Investment Bank Bhd (HLIB) said that the port operator will gradually see an increase in transhipment volume as global