GuocoLand, IHH Healthcare and Oil Markets Face Profit Pressures Amid Global Headwinds
SGX:F17.SI:GuocoLand
GuocoLand posted a 48% drop in net profit to S$32.4 million for the half year ended Jun 30, from S$62.4 million a year earlier, despite a 20.3% increase in revenue to S$906.3 million. Losses in China offset growth in Singapore, with an S$81.8 million provision made for foreseeable losses in Chinese developments. For the full year, net profit slipped 16.7% to S$107.1 million, though revenue rose 5.3% to S$1.9 billion. GuocoLand declared a S$0.07 dividend, up from S$0.06. The group highlighted strong recurring revenue from Guoco Tower and Guoco Midtown, while cautioning that China’s property and office sectors remain under pressure.
Oil:US:UCO
Oil prices weakened on Aug 29 as traders anticipated weaker US demand and rising Opec+ supply. Brent crude October futures fell 0.7% to US$68.13, while West Texas Intermediate (WTI) slipped 0.93% to US$63.99. Analysts said the end of the US summer driving season and supply hikes from Opec+ weighed on prices, even as US inventories showed stronger late-summer demand. Talks of a possible Russia-Ukraine ceasefire also softened earlier geopolitical risk premiums.
KL:5225.KL:IHH Healthcare
IHH Healthcare reported a 28.9% fall in Q2 2025 net profit to RM443 million (S$134.7 million) from RM623 million a year ago, despite revenue edging up 3.4% to RM6.3 billion. Higher staff costs, utilities, and startup expenses from two new hospitals in Turkey eroded margins. EPS dropped 29% to 5.02 sen. An interim dividend of 5 sen was declared, up from 4.5 sen. For H1 2025, net profit sank 31.2% to RM957 million, while revenue grew 4.5% to RM12.6 billion. The group said sustained healthcare demand continues, though payer pressures remain a challenge.
Wall Street Pulls Back After S&P 500 Record; Nvidia, Alibaba, Caterpillar, Gap in Focus
SGX:S27.SI:S&P 500
The S&P 500 Index slipped 0.64% to 6,460.26 on Friday, retreating from its record high but still notching a fourth consecutive monthly gain. The Nasdaq Composite fell 1.15% to 21,455.55, while the Dow Jones Industrial Average shed 0.20% to 45,544.88. Analysts said profit-taking ahead of the long weekend and fresh inflation concerns weighed on sentiment, even as August ended with gains across all three benchmarks.
US:NVDA:Nvidia
Nvidia shares fell more than 3%, extending losses despite reporting 56% revenue growth in its latest quarter. The decline came after reports that Alibaba developed a more advanced chip, filling gaps left by Nvidia’s restricted sales in China.
US:BABA:Alibaba
Alibaba surged about 13% after the Wall Street Journal reported that the e-commerce giant had designed a new high-performance chip to strengthen its position in the AI and semiconductor space, particularly amid US restrictions on Nvidia’s exports to China.
US:CAT:Caterpillar
Caterpillar dropped over 3% after warning that President Donald Trump’s tariffs could cost the company between US$1.5 billion and US$1.8 billion this year, adding to broader tariff-driven concerns across corporate America.
US:GPS:Gap
Gap also flagged tariffs as a potential hit to profitability, contributing to Friday’s cautious market mood as investors reassessed the impact of US trade policies on consumer and retail firms.
HongKong:3115.HK:Hang Seng Index
China’s stock market has quietly become the world’s best performer over the past two years, according to Bank of America, with gains of 22% in 2025 so far. Robust exports and Beijing’s support measures have boosted sentiment, even as Chinese equities trade near lows compared to bonds.
US:BTC:Bitcoin (Gold substitute here using commodity formatting but per instruction using asset type)
Gold rose 0.7% to US$3,442 per ounce, marking its best month since April with a 4.5% gain in August. Analysts attributed the rally to expectations of a September Fed rate cut and rising ETF inflows. Bank of America raised its six-year average gold forecast by 6% to US$3,049, citing US fiscal deficits and political pressure on the Federal Reserve.
Malaysia Corporate Roundup: Gamuda, NexG, CIMB, TM, Hibiscus, Sunway, and More in Spotlight
KL:GAMUDA:Gamuda Bhd
Gamuda’s engineering unit has secured a RM2.138 billion contract from Eco World’s Quantum Alpha Sdn Bhd (KL:ECOWLD) to build hyperscale data centres in Selangor’s Eco Business Park V. The project, covering two data centre blocks, a power substation and water facilities, begins in 3Q2025 with completion expected by 3Q2027.
KL:NEXG:NexG Bhd
NexG, formerly Datasonic Group, landed a six-year RM1.73 billion contract from Malaysia’s Ministry of Home Affairs to supply passports from June 2026 to May 2032. The pay-per-use contract is tied to issuance volumes and will be executed via subsidiary Datasonic Technologies.
KL:CIMB:CIMB Group Holdings
CIMB’s 2Q2025 net profit slipped 3.8% y-o-y to RM1.89 billion, weighed by lower net interest income of RM3.83 billion despite stronger non-interest income of RM1.77 billion. The bank declared a 19.75 sen interim dividend.
KL:TM:Telekom Malaysia Bhd
Telekom Malaysia reported a 1.7% rise in 2Q2025 net profit to RM403 million, supported by cost savings from workforce restructuring. Revenue fell 4.7% to RM2.77 billion. The group maintained its 12.5 sen interim dividend, totaling RM479.7 million.
KL:HIBISCS:Hibiscus Petroleum Bhd
Hibiscus posted a sharp drop in 4Q2025 net profit to RM74.6 million from RM108.7 million, as revenue fell 14.7% to RM629.5 million due to weaker production and crude prices. Still, the company declared its highest-ever annual dividend of nine sen, up from 8.5 sen last year.
KL:EKOVEST:Ekovest Bhd
Ekovest narrowed its net loss to RM60.5 million in 4Q2025 from RM64.9 million a year earlier, aided by lower taxation, though revenue fell 25.8% to RM201.6 million. This marks its seventh straight quarter in the red. No dividend was declared.
KL:BJCORP:Berjaya Corp Bhd
Berjaya Corp posted a RM207.2 million net loss in 4Q2025, its worst quarterly result in four years, versus RM152.5 million a year ago. The decline stemmed from impairments on non-performing assets and weaker retail and services segments. Revenue slipped nearly 4% y-o-y to RM2.37 billion. No dividend was declared.
KL:SUNWAY:Sunway Bhd
Sunway announced plans to list its healthcare unit, Sunway Healthcare Holdings, by early 2026. Ahead of the IPO, a share split will increase shares from 1.2 billion to 10.9 billion without changing total value. Shareholders will receive one Sunway Healthcare share for every 10 Sunway shares held, distributed as a special dividend.
KL:AZRB:Ahmad Zaki Resources Bhd
Ahmad Zaki is seeking government support to finance half of the RM300 million needed to complete Section 2 of the East Klang Valley Expressway. Bank Pembangunan Malaysia has agreed to provide the other half.
KL:CRESNDO:Crescendo Corp Bhd
Crescendo agreed to sell 52.54 acres of industrial land in Johor for RM263.2 million, valuing the land at RM115 psf. The disposal is expected to yield a pro forma gain of RM109 million.
KL:KEYFIELD:Keyfield International Bhd
Keyfield will purchase the Carimin Acacia workboat for RM76 million from Carimin Petroleum (KL:CARIMIN), expanding its fleet with a DP2-specification vessel. Carimin will gain RM4.6 million from the sale and save RM10–12 million in upcoming dry dock costs, enabling a special dividend payout.
KL:SYMLIFE:Symphony Life Bhd
Symphony Life announced the resignation of external auditor Ernst & Young PLT and CFO Wong Mei Sin. Both resignations, effective Aug 31, were attributed to voluntary decisions, with no issues flagged to shareholders.
KL:KOMARK:KomarkCorp Bhd
KomarkCorp has applied for leave to appeal against the Court of Appeal’s decision affirming that The Edge did not defame the company in a 2021 article on penny stocks.
KL:LAGENDA:Lagenda Properties Bhd
Lagenda Properties has ceased to be a substantial shareholder of Northern Solar Holdings (KL:NORTHERN) after disposing of a 7.59% stake (30 million shares) via direct business transaction. Its holding has fallen to 4.91% from 12.5%.
Hong Kong Market Flash: Earnings Misses, Bank Payouts, Tech Moves & HSI Climbs
HK:02007.HK:Country Garden
Country Garden’s interim revenue fell 28.9% YoY to RMB72.57b; net loss widened to RMB19.078b (LPS RMB0.69) with no dividend; auditor issued a disclaimer of conclusion.
HK:01186.HK:China Railway Construction (CHINA RAIL CONS)
Interim revenue slid 5.2% YoY to RMB489.199b; net profit down 10.1% to RMB10.701b (EPS RMB0.70); no dividend.
HK:09988.HK:Alibaba Group (BABA-W)
1FQ revenue rose ~1.8% YoY to RMB247.652b (in line with forecasts); reported net profit jumped 77.7% to RMB43.116b, while non-GAAP net income fell 18% and adj. EBITA declined 14%.
US:BABA:Alibaba Group
Reports indicate Alibaba is developing a new chip aimed at filling the void from Nvidia’s China restrictions; shares surged on the update.
HK:00285.HK:BYD Electronic
Interim revenue grew 2.6% YoY to RMB80.606b; net profit up 14% to RMB1.73b (EPS RMB0.77); no dividend; gross profit RMB5.543b (+3.05%).
HK:01211.HK:BYD Company
Board lot size to change to 100 shares effective 19 Sep.
HK:03968.HK:China Merchants Bank (CM BANK)
Interim net profit edged up 0.25% YoY to RMB74.93b.
HK:01398.HK:ICBC
Management guided confidence in stable NIM; separately, interim net profit slipped 1.4% to RMB168.1b; interim DPS RMB0.1414.
HK:02333.HK:Great Wall Motor (GWMOTOR)
Interim net profit fell 10.2% to RMB6.337b.
HK:00939.HK:China Construction Bank (CCB)
1H net profit dipped 1.37% YoY to ~RMB162.1b; interim dividend RMB1.858 per 10 shares.
HK:01658.HK:Postal Savings Bank of China (PSBC)
Interim net profit rose 0.8% to RMB49.228b; interim DPS RMB12.3 per 10 shares.
HK:06818.HK:China Everbright Bank (CEB BANK)
Interim net profit RMB24.6b (+0.6% YoY); interim dividend RMB0.85 per 10 shares.
HK:03328.HK:Bank of Communications (BANKCOMM)
Interim net profit increased 1.6% to RMB46.016b; dividend RMB0.1563 per share.
HK:02388.HK:BOC Hong Kong
Interim net profit rose 10.5% to HK$22.152b; second interim DPS HK$0.29.
HongKong:3115.HK:Hangseng Index
HSI closed at 25,077, up 78 pts; turnover rose as pharma and “stablecoin concept” names rotated; BYD Electronic gained over 7%.
HK:01988.HK:China Minsheng Bank (MINSHENG BANK)
Interim net profit slid 4.9% to RMB21.38b; dividend RMB0.136 per share.
HK:03396.HK:Legend Holdings (LEGENDHOLDING)
Interim net profit surged more than 1.4x to ~RMB700m.
HK:01109.HK:China Resources Land
BOCI lifted TP to HK$33.86; other brokers also raised targets, citing in-line interim results.
HK:09961.HK:Trip.com Group-S (TRIP.COM-S)
Multiple brokers (BOCI/GS/UBS/Daiwa/UOBKH) raised TPs (HK$630–HK$750) after earnings beat; ratings retained at Buy.
HK:02015.HK:Li Auto-W (LI AUTO-W)
UOB Kay Hian cut TP to HK$70 and kept Sell; shares rose 2.5% despite a 1% drop in 2Q NP; Li i6 slated for launch next month.
US:NVDA:NVIDIA
Citi raised target to US$210, reaffirming Buy following robust fundamentals underpinning AI demand.
HK:00914.HK:Anhui Conch Cement (CONCH CEMENT)
Goldman Sachs raised TP to HK$31 after interim results beat.
HK:02628.HK:China Life Insurance (CHINA LIFE)
Brokerage upgrades and TP hikes (UBS to HK$27.4; CICC to HK$24.33; HTSC to HK$26), reflecting in-line/beat interim performance.
HK:09633.HK:Nongfu Spring (MENGNIU/related beverage coverage note)
CCBI lifted TP to HK$55.8 (Outperform) amid improving fundamentals; other houses trimmed TPs for Mengniu separately.
HK:02020.HK:ANTA Sports
Daiwa and CMBI raised TPs (HK$117–HK$118.55) after 1H beat; CCBI also lifted TP to HK$108.
HK:00883.HK:CNOOC
UBS raised TP to HK$26.5 and kept Buy, citing supportive oil price and cash returns.
HK:00857.HK:PetroChina
DBS lifted TP to HK$8, reiterating Buy on earnings strength.
HK:00992.HK:Lenovo Group (context via LEGENDHOLDING parent exposure)
(Referenced indirectly via parent’s profit surge; no separate new print provided.)
HK:03323.HK:China National Building Material (CNBM)
Turned to 1H profit of RMB1.36b from loss; shares once surged ~13%.
HK:01133.HK:Harbin Electric (HARBIN ELECTRIC)
Interim net profit RMB1.051b, up ~101% YoY; no dividend.
HK:00317.HK:Guotai Junan International (GUOTAI JUNAN I)
Shares leapt up to 23% after announcing a crypto trading service in Hong Kong.
HK:03690.HK:Meituan-W (MEITUAN-W)
Multiple brokers trimmed TPs (CCBI to HK$125; CMSI to HK$139) but kept Buy; expect profit recovery next year.
HK:00981.HK:SMIC
1H25 net profit jumped 35.6%; share price eased ~2% on the day.
HK:02269.HK:Wuxi Bio (WUXI BIO)
Midday movers list flagged >6% rise; sector rotation aided sentiment.
HK:00388.HK:HKEX
Operational context noted via HIBOR moves and retail bond plans; no new earnings disclosed.
HK:00027.HK:Galaxy Entertainment / HK:00880.HK:SJM Holdings (SJM HOLDINGS)
Citi raised SJM TP to HK$2.8 while keeping Sell; sector flows mixed.
HK:02331.HK:Li Ning / HK:02313.HK:Shenzhou International (SHENZHOU INTL)
Mixed target revisions across brokers reflecting margin recovery timelines.
HK:06185.HK:XD Inc (XD INC)
Interim net profit rose ~2.7x to RMB755m.
HK:02880.HK:China Merchants Port (CHINA MER PORT)
Interim NP about HK$3.6b, down ~20%; dividend maintained at HK$0.25.
HK:00960.HK:Longfor Group (LONGFOR GROUP)
Interim net profit fell 45.2% to RMB3.216b; interim DPS cut to RMB0.07.
HK:02318.HK:PICC Property & Casualty (PICC P&C)
HTSC lifted TP to HK$19.8 on improved underwriting and decent investment returns.
HK:02600.HK:China Aluminum (CHALCO)
HTSC raised TP to HK$8.27; kept Buy.
HK:09877.HK:SenseTime-W (SENSETIME-W)
Goldman Sachs upgraded to Buy; TP raised to HK$2.72 on improved outlook.
HK:09888.HK:Baidu-SW (BIDU-SW)
Developing education products; incremental ecosystem buildout noted.
HK:00939.HK:China Construction Bank (CCBI research entity separate)
CCBI issued multiple TPs across managers/consumption names; sector watch ongoing.
HK:06030.HK:CITIC
Interim NP RMB31.23b, down 2.8%; interim DPS RMB0.20.
HK:02866.HK:China Shipping-related (COMEC)
Interim NP RMB526m, up >2.5x; interim DPS RMB0.08.
HK:06690.HK:Haier Smart Home
1H25 NP up 15.6%; shares rose ~6%.
HK:02331.HK:Li Ning / sector mixed notes
Nomura and others adjusted TPs; recovery path monitored.
HK:01810.HK:Xiaomi / sector index context (HSTI)
HSTI closed at 5,674, up 30 pts; tech heavyweights supported midday tone.
HK:00005.HK:HSBC
Issued sector research on China managers; cash flow challenges highlighted for property managers.
HK:03618.HK:JD Health (JD HEALTH)
Announced strategic cooperation with Eli Lilly China.
HK:00008.HK:PCCW / sector retail bonds
Government set Silver Bond issue at HK$50b with minimum 3.85% rate; no other retail bonds this FY.
HK:00700.HK:Tencent
Repurchased 927,000 shares for ~HK$551m.
HK:00175.HK:Geely (ZEEKR via brand)
Zeekr 9X presale launched at RMB479,900.
HK:01978.HK:Budweiser APAC / consumer mentions
(Various consumer/auto names saw TP changes; no single consolidated print beyond broker notes.)
Thank you
