AI Summary
Cahya Mata Sarawak's (CMS) first-half 2025 profits fell short of expectations, reaching RM52.4 million, only 35% of Maybank Research's full-year forecast. A reported net loss of RM11.3 million in Q2 2025 was offset by excluding unrealised forex losses. Lower contributions from associates like SACOFA and Kenanga IB, impacted by regulatory changes and subdued capital markets, contributed to the shortfall. Prolonged rain in Sarawak also negatively affected cement, oiltools, and joint ventures. Despite this, Maybank Research maintains its earnings estimates and target price, pending further updates from CMS.
Read the original article
This article has been processed for multi-language support.
Embedded View
Related Articles
YTL Power posts record RM2.4b annual profit on higher power and telco earnings, declares four sen dividend
Porsche battery unit to cut most staff amid Europe’s EV slowdown
Hektar Asset catat hasil RM32 juta suku kedua tahun 2025
Kuching company manager loses over RM120,000 in Facebook car purchase scam
B