Wall Street Cheers Rate-Cut Hopes as Jumbo Group Posts Softer Earnings
SGX:42R.SI:Jumbo Group
Jumbo Group reported full-year earnings of $8.7 million, down 36.6% y-o-y on higher operating costs.
The board recommended a final tax-exempt dividend of 0.25 cents per share and a special tax-exempt dividend of 0.5 cents per share for FY2025 — bringing total dividends to 1.25 cents per share.
SGX:S27.SI:S&P 500
US:QQQ:Nasdaq Composite
US:DGT:Dow Jones Industrial Average
US:NVDA:Nvidia Corp.
Tech stocks led a broad rise in US equities as expectations for interest-rate cuts lifted sentiment ahead of the Thanksgiving break.
The S&P 500 gained 0.7%, while the Nasdaq 100 climbed 0.9% after Nvidia (NVDA) rebounded from competitive concerns over its AI chips.
Trading volume on the S&P 500 was about 11% lighter than the 30-day average. Market volatility eased sharply, with the VIX falling around 35% over four days, its steepest drop since mid-April.
US:UCO:Oil
Treasuries softened after weekly jobless claims for Nov. 22 unexpectedly fell. The 10-year yield steadied around 3.99%, while the US dollar slipped 0.3%.
US:BTC:Bitcoin
Optimism grew as Kevin Hassett, a close ally of President Donald Trump and head of the White House National Economic Council, emerged as the frontrunner for the next Federal Reserve chair — seen as supportive of deeper rate cuts.
US:COPS:Copper
The latest Federal Reserve Beige Book maintained the prevailing narrative: slight declines in employment and moderate price increases across regions.
US:DGT:Dow Jones Industrial Average
Money markets priced in an 80% chance of a quarter-point Fed rate cut next month and now expect three more cuts by end-2026 — a sharp shift from last week’s forecast of only three cuts in total.
Hong Kong Market Inches Higher as Malaysian Corporates Deliver Strong Earnings
HK:3115.HK:Hang Seng Index
The HSI added 33 points (0.1%) to finish at 25,928, while the HSCEI rose 4 points to 9,162 and the HSTECH edged up 6 points (0.1%) to 5,618. Market turnover reached HK$207.08 billion.
HK:09988.HK:Alibaba Group (BABA-W)
Alibaba’s management warned of slower e-commerce CMR growth next quarter, sending its shares down 1.9% to HK$154.8 on HK$17.26 billion turnover.
HK:03690.HK:Meituan (MEITUAN-W)
Meituan was the top blue-chip gainer. Nomura projected sharply narrower losses in Alibaba’s quick commerce business, a development seen as positive for Meituan.
HK:02026.HK:Pony.ai (PONY-W)
Pony.ai surged 4.4% after quarterly city-level bike-sharing profits turned positive.
HK:02525.HK:Hesai Group (HESAI-W)
Hesai climbed 5.5% following the launch of its self-developed RISC-V LiDAR control chip, the FMC500.
HK:09866.HK:NIO (NIO-SW)
NIO reported a narrowing non-GAAP quarterly loss, but weaker-than-expected guidance pressured its shares, which slid 6.2%.
HK:01929.HK:Chow Tai Fook
Chow Tai Fook posted a 0.1% rise in interim net profit but tumbled 6.1%, the poorest blue-chip performer. Morgan Stanley noted its unexpectedly higher gross margin guidance.
KL:5225.KL:IHH Healthcare Bhd
IHH Healthcare delivered a 15.36% increase in net profit to RM616 million for 3QFY2025 on stronger day-care services and improved cost controls. Revenue rose 16.43% to RM6.57 billion, supported by its completed Fortis acquisition in India.
KL:1961.KL:IOI Corp Bhd
IOI Corp’s 1QFY2026 net profit fell 48% to RM369.4 million due to the absence of last year’s large forex gains, despite revenue climbing 14.2% to RM3.05 billion. Underlying profit before tax rose 41.7% to RM508.8 million.
KL:2445.KL:Kuala Lumpur Kepong Bhd (KLK)
KLK’s 4QFY2025 net profit surged to RM95.96 million from RM6.77 million, driven by stronger plantation and property results. Plantation profit jumped 18.8% to RM625.9 million. The group declared a 40-sen final dividend.
KL:1015.KL:AMMB Holdings Bhd (AMMB)
AMMB lifted its dividend payout as 2QFY2026 net profit rose 6.8% to RM534.58 million, supported by higher non-interest and net interest income. It will distribute an interim dividend of 12.5 sen per share.
KL:5031.KL:Time dotCom Bhd (TIMECOM)
Time dotCom nearly doubled its 3QFY2025 net profit to RM106.15 million and announced a special dividend of 21.64 sen per share. Revenue grew 7% y-o-y to RM453.76 million.
KL:5200.KL:UOA Development Bhd (UOADEV)
UOA Development more than doubled its 3QFY2025 net profit to RM115.63 million as progress billings surged. Revenue climbed 54% to RM217.3 million, with strong sales from Bamboo Hills Residences, Duo Tower, Laurel Residence and Aster Hill.
KL:5306.KL:Farm Fresh Bhd (FFB)
Farm Fresh recorded its highest-ever quarterly earnings, with 2QFY2026 net profit rising 40% to RM36.66 million on stronger domestic sales and growth in Cambodia and the Philippines. Revenue climbed 18.4% to RM294.94 million.
