Investment & Funds news in Malaysia
6 stories across Malaysia, published in the last 7 days and gathered from Malaysian news sources.
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Eastspring joins parent Prudential as Ranhill substantial shareholder
Eastspring Investments has emerged as a substantial shareholder of Ranhill Utilities, following its parent Prudential's crossing of the 5% threshold. The stake was acquired through a purchase of 2.4 million shares, bringing Eastspring's direct stake to 5.084%. Ranhill's shares rose 2.39% following the news.
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HLIB raises Hibiscus Petroleum target price to RM2.83
Hong Leong Investment Bank has raised its target price for Hibiscus Petroleum to RM2.83 from RM2.74, maintaining a 'Buy' call. The bank raised its FY27 earnings forecast by 14.7% but cut FY28 by 3.2%, reflecting higher production volumes and a revised ringgit assumption. Hibiscus's FY26 core net profit beat expectations, and the company is seen as a key beneficiary of high oil prices.
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BIMB sees NextGreen growth potential, sets 76 sen target
BIMB Securities initiated coverage on NextGreen Global Bhd with a 'HOLD' call and target price of 76 sen, citing strong growth from biofertiliser sales and expansion plans. The company's revenue and profit are expected to grow significantly by FY2028.
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AmanahRaya Investment Declares RM73.19 Million Distribution For Syariah Trust Fund
AmanahRaya Investment Management has declared an income distribution of RM73.19 million, or 4.5 sen per unit, for the AmanahRaya Syariah Trust Fund for the financial year ended Aug 31, 2026. The distribution will benefit unit holders of the fund as at Aug 28.
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AmanahRaya distributes RM73.19 million for Shariah-compliant fund
AmanahRaya Investment Management (ARIM), a wholly-owned subsidiary of Amanah Raya Bhd, announced a distribution of 4.50 sen per unit for the AmanahRaya Syariah Trust Fund (ARSTF) for the financial year ending 31 August 2026, totaling RM73.19 million.
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MEEM Gold empowers Shariah-compliant, fraud-free financial future
MEEM Gold, a local gold and silver savings platform, strengthens its role in enhancing financial awareness and long-term asset ownership through a combination of savings ecosystem, financial education, and entrepreneurial development, all based on Shariah principles and fraud prevention.