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!
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