Belden Inc. Financial Overview and Recent Developments

Belden Inc., a prominent player in the Information Technology sector, specializes in the design, manufacturing, and marketing of cable, connectivity, and networking products. The company serves various end markets, including industrial, enterprise, broadcast, and consumer electronics. Listed on the New York Stock Exchange, Belden Inc. has a market capitalization of $4.28 billion as of May 29, 2025. The company’s stock closed at $106.2 on the same date, with a 52-week high of $131.82 on November 5, 2024, and a 52-week low of $83.18 on April 6, 2025. The price-to-earnings ratio stands at 20.9.

H.I.G. Capital’s Expansion in Europe

On June 2, 2025, H.I.G. Capital, a leading global alternative investment firm managing $70 billion in capital, announced the addition of Antonin Marcus as a Managing Director on its Middle Market Private Equity team in France. Based in Paris, Antonin Marcus brings over 15 years of experience in private equity and finance, covering various sectors and investment strategies. This expansion underscores H.I.G. Capital’s commitment to strengthening its European presence and enhancing its investment capabilities.

Regional Business Highlights

In Malaysia, CIMB Group Holdings Bhd, the country’s second-largest bank by assets, reported a 1.9% increase in net profit to RM1.97 billion for the first quarter ended March 31, 2025. This growth was driven by higher interest income and lower provisions, with net interest income rising by 0.8% year-on-year to RM3.82 billion, supported by an expansion in gross loans.

Additionally, Mah Sing Group Bhd announced its intention to seek new partners for a data center project in Bangi, following the expiration of its exclusivity agreement with Bridge Data Centres Malaysia V Sdn Bhd. The project involves developing data center facilities on 17.55 acres of freehold land in Southville City, Bangi, with a potential power capacity of up to 100 megawatts. Mah Sing Group also reported a 10% rise in net profit for the first quarter of 2025.

These developments highlight the dynamic nature of the financial and technology sectors, with companies like Belden Inc. and H.I.G. Capital continuing to adapt and expand their operations in response to market opportunities and challenges.