I saw that you were perfect, and so I loved you. Then I saw that you were not perfect and I loved you even more.
Affin Bank Bhd’s net profit for 1QFY22 doubled to RM142.69 million from RM68.94 million a year ago, on the back of improved net interest income (NII) and Islamic banking income. Net income was marginally lower at RM528.82 million in the quarter under review, down 1.64% y-o-y from RM537.63 million.
Kumpulan Wang Persaraan (Diperbadankan) (KWAP) on Wednesday (May 25) bought 22,900 shares in Power Root Bhd via the open market, upping its interest in the company to 28.45 million shares. KWAP’s direct and indirect interest as at Thursday (May 26) in the company stood at 6.2% (25.53 million shares) and 0.71% (2.92 million shares) respectively.
Bursa Malaysia said the proprietary day traders (PDT) short selling and intraday short selling (IDSS) of Power Root shares have been suspended as the instant coffee maker’s share price dropped more than 15 sen or 15% from the reference price, which refers to the stock’s closing price of RM1.69 on Thursday (May 26).