<div class=newsTextDataWrapInner><p>KUALA LUMPUR (July 9): Kuala Lumpur Kepong Bhd’s (KLK) share price opened about 1% higher on Bursa Malaysia this morning as shares of the oil palm plantation company traded ex-dividend today.</p></div>

<div class=newsTextDataWrapInner><p>At 9am today, KLK’s share price rose 18 sen or 0.92% to RM19.66 from its readjusted closing share price of RM19.48 yesterday.</p></div>

<div class=newsTextDataWrapInner><p>The counter rose as much as 20 sen or 1.03% to RM19.68, before settling at RM19.66 at 10.06am.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>At RM19.66, it has a market capitalisation of RM21.25 billion, with 22,700 shares traded.</p></div>

<div class=newsTextDataWrapInner><p>On May 19, 2021, KLK said in a Bursa filing that the company plans to pay a dividend of 20 sen a share.</p></div>

<div class=newsTextDataWrapInner><p>The group’s net profit for the second quarter ended March 31, 2021 surged nearly 18 times to RM490.44 million from RM27.89 million in the corresponding quarter last year, driven by higher commodity prices, and stronger earnings from its manufacturing and property segments.</p></div>

<div class=newsTextDataWrapInner><p>Its quarterly revenue also rose 18.53% to RM4.51 billion from RM3.81 billion previously.</p></div>

<div class=newsTextDataWrapInner><p>As for the first half ended March 31, 2021, the group’s net profit jumped over four times to RM847.85 million from RM195.09 million a year ago, while its revenue grew 11.76% to RM8.81 billion from RM7.88 billion.</p></div>


Kuala Lumpur Kepong Bhd’s (KLK) share price opened about 1% higher on Bursa Malaysia this morning as shares of the oil palm plantation company traded ex-dividend today.

KLK opens higher as shares trade ex-dividend

Economists at Citigroup Inc are going out on a limb by wagering that virtually everyone on Wall Street is wrong about the US Federal Reserve (Fed).

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Perbadanan Bekalan Air Pulau Pinang (PBAPP) will drawdown the strategic drought reserve of the Expanded Mengkuang Dam (EMD) if it cannot abstract sufficient raw water from Sungai Muda.

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Oil prices were little changed after a 3% drop in the previous session as the market remains concerned about demand this year and on signs that a wider conflict in the key Middle East producing region could be avoided.

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RHB Bank, Malaysia’s fourth-largest bank by assets, said on Thursday it views sustainable financing as presenting more opportunities than challenges, rather than affecting its overall profit from financing activities.

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Sin-Kung Logistics Bhd has started taking orders from investors for its initial public offering (IPO) that may raise up to RM39.5 million ahead of its listing on Bursa Malaysia’s ACE Market.

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<p>Several Malaysia Airlines and AirAsia flights between Sabah, Sarawak, and Kuala Lumpur International Airport (KLIA) were cancelled on Thursday due to volcanic eruption at Mount Ruang, Indonesia.</p>


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<p>Apple Inc chief executive officer Tim Cook will meet Singapore’s leader at the tail end of his most extensive Southeast Asia tour in years, searching for new growth markets and manufacturing locations to offset headwinds in China.</p>


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<p>Gold prices may correct amid potential delay in the anticipated rate cuts by the US Federal Reserve, Philip Capital warned on Thursday and advised investors to stop buying Malaysia’s sole gold exchange-traded fund (ETF).</p>


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<p>Sin-Kung Logistics Bhd has started taking orders from investors for its initial public offering (IPO) that may raise up to RM39.5 million ahead of its listing on Bursa Malaysia’s ACE Market.</p>


<p>President Joe Biden called China “xenophobic” while highlighting the Asian nation’s economic woes, as he sought to make the case for US economic strength during a campaign stop in the swing state of Pennsylvania.</p>


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<p>Asian stocks crept higher in a mixed session on Thursday, while the dollar took a breather and bond markets steadied as investors stepped back to assess the interest rate outlook.</p>


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<p>Alphabet-owned Google&nbsp;is laying off an unspecified number of employees, a company spokesperson said on Wednesday, marking the latest cuts at the technology giant as it cracks down on costs.</p>


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<p>KUALA LUMPUR (April 18): Smart Asia Chemical Bhd has signed an underwriting agreement with Mercury Securities Sdn Bhd for the company’s initial public offering (IPO) on the ACE Market of Bursa Malaysia Securities Bhd.</p>


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<p>Bursa Malaysia turned mixed at the midday break on Thursday with the key index ending the morning session in positive territory, in tandem with regional markets, said a dealer.&nbsp;</p>


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<p>The stock market saw its longest losing streak since January as a handful of big techs sold off — despite a slide in bond yields.</p>


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<p>Axiata Group Bhd, Malaysia’s largest telecommunications company by revenue, and India’s Bharti Airtel Ltd signed a definitive agreement on Thursday to combine their Sri Lankan operations.</p>


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<p>KUALA LUMPUR (April 18): Food and supplement company OB Holdings Bhd said on Thursday that it has secured approval from Bursa Malaysia for an initial public offering (IPO) on the bourse’s ACE Market, to raise funds for expansion.</p>


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<p>The concessionaire of the Petaling Jaya Dispersal Link (PJD Link) highway believes the project remains viable and will continue to pursue its realisation.&nbsp;</p>
