KUALA LUMPUR (Aug 29): Based on corporate announcements and news flow today, stocks in focus on Monday (Aug 30) may include Econpile Holdings Bhd, Destini Bhd, Sentoria Group Bhd, Dayang Enterprise Holdings Bhd, Telekom Malaysia Bhd, Bumi Armada Bhd, CIMB Group Holdings Bhd, Taliworks Corp Bhd, YTL Corp Bhd, Pos Malaysia Bhd, Genting Malaysia Bhd, UMW Holdings Bhd, PPB Group Bhd, Boustead Holdings Bhd and 7-Eleven Malaysia Holdings Bhd.
Piling and foundation specialist Econpile Holdings Bhd has bagged a RM34.1 million contract from YTL Corp Bhd’s subsidiary Syarikat Pembenaan Yeoh Tiong Lay Sdn Bhd to undertake bored piling and pile cap works for a portion of the Gemas-Johor Baru electrified double track rail project.
Econpile executive director and group chief executive officer Raymond Pang said with the latest contract, Econpile’s order book stands at RM1.3 billion which is expected to be recognised over the next two to three years.
Destini Bhd has bagged a US$5.2 million (RM21.17 million) contract from South Korea-based Posco Daewoo Corp for the provision of tubular running services in Myanmar.
Sentoria Group Bhd bagged two design and build contracts that have a combined value of RM124.8 million.
The group said its wholly-owned subsidiary Sentoria Bina Sdn Bhd accepted these letters of award from HA Properties Sdn Bhd.
The first contract is to design and build 420 units of single-storey terrace houses in Kuala Kuantan, Pahang, for a contract sum of RM52.8 million.
The second one involves design and build of 630 units of single-storey terrace houses in Penor, Pahang, for a contract sum of RM72 million.
These contracts are due for completion by Aug 28, 2020.
Dayang Enterprise Holdings Bhd’s wholly-owned unit Dayang Enterprise Sdn Bhd has secured a five-year contract from JX Nippon Oil & Gas Exploration (Malaysia) Ltd for the provision of maintenance, construction and modification services throughout Malaysia.
The contract will expire on July 16, 2023, the group said.
The value of the contract is based on work orders issued by Nippon throughout the contract term at a fixed schedule of rate, it said.
Telekom Malaysia Bhd’s net profit fell 52% in the second quarter ended June 30, 2018 to RM101.93 million from RM210.48 million a year ago, on lower earnings from its voice and data services.
Earnings per share fell to 2.71 sen from 5.6 sen previously.
Quarterly revenue slipped 1.5% to RM2.94 billion from RM2.98 billion a year ago.
For the first half year, the group's net profit was lower by 41% at RM259.09 million from RM440.92 million a year ago, while revenue was lower by 3% at RM5.78 billion from RM5.94 billion.
Bumi Armada Bhd’s share price took a nosedive after the oil & gas giant announced that the impairment for the Kraken field charter ballooned to US$119 million (RM477 million), four times higher than the estimated financial impact of US$25 million (RM100 million) to the group’s profit and loss for financial year ended Dec 31, 2018.
Bursa Malaysia suspended shares trading of the oil and gas support services provider after prices fell by more than 15% from the reference price of 67 sen.
The impairment also resulted Bumi Armada to report a net loss of RM585.48 million for 2QFY18, compared with a net profit of RM116.59 million a year earlier.
CIMB Group Holdings Bhd's second quarter ended June 30, 2018 net profit rose 80% to RM1.98 billion from RM1.1 billion a year earlier, helped by the financial services provider's asset disposal gains and lower allowance for loan impairment losses.
Revenue rose to RM4.86 billion from RM4.33 billion a year ago.
For the first half year, CIMB said net profit climbed to a record RM3.29 billion from RM2.28 billion a year earlier, while revenue was higher at RM9.17 billion compared with RM8.69 billion.
Water treatment services provider Taliworks Corp Bhd has proposed a two-for-three bonus issue.
The issuance of up to 967.59 million bonus shares, on the basis of every two bonus shares for every three existing shares, will be made on an entitlement date to be determined later, it added.
Taliworks said the bonus issue will be wholly capitalised from its share premium account at 20 sen per bonus share.
Given the maximum scenario, the group’s enlarged issued share capital after the bonus issue will comprise 2.42 billion shares.
The group expects the bonus issue to be completed in the second half of 2018.
YTL Corp Bhd fell into the red in the fourth quarter ended June 30, 2018, posting a net loss of RM43.36 million versus a net profit of RM229.33 million in the same period last year, mainly due to higher losses from the management services and others division.
The loss before taxation in the division was primarily due to the absence of one-off adjustments arising from accounting treatment in relation to a loan restructuring exercise undertaken by an associated company and higher finance costs, coupled with fair value changes in investments and derivatives incurred by YTL Power International Bhd.
Revenue for the quarter rose 6.47% to RM4.15 billion from RM3.9 billion.
The group declared an interim dividend of four sen per share, payable on Nov 13.
Pos Malaysia Bhd net profit for its first financial quarter ended June 30, 2018 plunged 86% to RM4.98 million, from RM35.92 million a year ago, due to lower revenue from its postal services segment, coupled with increased costs. Quarterly revenue fell 3% to RM590.46 million from RM611.63 million.
Genting Malaysia Bhd’s second quarter net profit more than doubled to RM395.71 million from RM193.82 million a year earlier, aided by its Malaysian operations..
Earnings per share for the quarter ended June 30, 2018 rose to 6.99 sen from 3.42 sen previously, the group said.
Revenue increased 5.7% to RM2.42 billion from RM2.29 billion, thanks to a 10% increase in revenue for the group’s Malaysian leisure and hospitality businesses.
The group attributed this to an improved hold percentage in the mid to premium players segment, and positive reception from the new facilities and attractions under the Genting Integrated Tourism Plan.
UMW Holdings Bhd posted a net profit of RM124.38 million for 2QFY18 compared to a net loss of RM209.3 million for 2QFY17. It reported an earnings per share of 10.65 sen compared to a loss per share of 17.92 sen the year before.
Quarterly revenue grew 5.9% to RM2.92 billion from RM2.76 billion a year ago, contributed by the group's three core business segments, with increase in sales arising from the goods and services tax–free period.
UMW president and group CEO Badrul Feisal Abdul Rahim attributed the better quarterly performance to the group’s strategic decision in 2017 to exit from the oil and gas industry, and to refocus on strengthening its three core businesses of auto, equipment and M&E segments.
PPB Group Bhd saw its net profit more than triple to RM304.47 million in the second quarter ended June 30, 2018 from RM93.2 million a year ago, on higher profit contribution from its 18.5%-owned associate Wilmar International Ltd.
This resulted in a higher earnings per share of 21.4 sen compared with 6.55 sen previously.
Quarterly revenue grew 2.8% to RM1.08 billion from RM1.05 billion in 2QFY17, as revenue for its environmental engineering and film exhibition and distribution segments increased.
The group declared an interim dividend of 8 sen per share, payable on Oct 4.
For the cumulative six months, PPB’s net profit grew 14.5% to RM493.99 million from RM431.63 million, while revenue rose 6.9% to RM2.23 billion from RM2.08 billion.
Boustead Holdings Bhd slipped into the red in the second quarter ended June 30, 2018, posting a net loss of RM27.6 million compared to a net profit of RM52.5 million a year ago, on lower contributions from the plantation, heavy industries and property divisions, as well as allocation to non-controlling interests and perpetual sukuk holders.
It posted a loss per share of 1.36 sen compared to an earnings per share of 2.59 sen previously.
Quarterly revenue also fell by a marginal 0.52% to RM2.37 billion from RM2.39 billion.
Nevertheless, the group declared a second interim dividend of one sen per share.
For the cumulative six months,, Boustead posted a net loss of RM21.5 million compared to a net profit of RM48.5 million a year ago.
Revenue for the six months dipped to RM4.62 billion from RM4.76 billion previously.
7-Eleven Malaysia Holdings Bhd reported a 29.4% jump in net profit to RM13.1 million or 1.17 sen per share for the second quarter ended June 30, 2018 from RM10.2 million or 0.91 sen per share in the corresponding quarter a year ago, mainly on the back of a 0.6% point improvement in its gross margin.
Revenue for the quarter edged higher 0.44% to RM557.6 million, compared with RM555.2 million previously, driven by growth in new stores and better consumer promotion activity.
For the first half, 7-Eleven recorded growth of 21.5% in net profit to RM22.1 million from RM18.2 million in the same period last year.
First half revenue inched up 1.45% to RM1.09 billion from RM1.08 billion a year ago.