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KUALA LUMPUR: The local bourse slipped on Thursday amid profit-taking in banking counters, even as the ringgit strengthened to its highest level against the US dollar since April 2018.
Bursa Malaysia's barometer index ended firmer yesterday, reversing losses earlier in the day to close 0.21% higher – a new high this year – driven by late buying activity amid signs of year-end window dressing.
Lysaght Galvanized Steel Bhd (KL:LYSAGHT) has secured a contract worth S$17.37 million (RM57.07 million) from Singapore's traffic engineering contractor ATS Traffic Pte Ltd for the supply of street lighting poles.
The Israel-Iran conflict will continue to be in focus in the week ahead, with international media calling the ceasefire, which started on Wednesday, June 25, a “fragile truce” amid US plans to meet Iran sometime this week. Meanwhile, the US will celebrate its Independence Day on July 4, which falls on a Saturday and is a federal holiday.
In a major move to protect US metal producers, President Donald Trump last Monday imposed 25% tariffs on all steel and aluminium imports, removing all previous exemptions. The decision, seen as a step towards a full-blown trade war, aims to close loopholes that allowed tariff circumvention throug...
The manufacturer of traffic light poles and lampposts Lysaght Galvanized Steel Bhd (KL:LYSAGHT) has declared a final single tier dividend of seven sen per share, bringing the group’s total dividend to 50 sen per share for the financial year ended Dec 31, 2024 (FY2024).
An attractive dividend yield isn’t something that only large-market capitalisation (cap) stocks can offer; there are also small- and mid-cap counters paying decent dividends too.
FROM snack food makers to semiconductor players, many companies incurred foreign exchange (forex) losses in the third quarter ended Sept 30, 2024.
The forex losses can be attributed to the sharp appreciation of the ringgit in the third quarter of this year. As the local currency climbed...
THERE has been a noticeable rise in the number of companies declaring special dividends since Budget 2025 was tabled in parliament in October. Market observers believe that the rush to pay out special dividends is likely due to the 2% tax on individuals with dividend income exceeding RM100,000 an...
Cash-rich Lysaght Galvanized Steel Bhd (KL:LYSAGHT) has declared a special dividend of 35 sen per share as its quarterly earnings rose to an eight-year high.
This brings the total dividend declared to 43 sen per share in the current financial year ending Dec 31, 2024 (FY2024) so far — the highest since FY2018 when it paid out 50 sen dividend per share.