Serba Dinamik, Petronas Chemicals Group, Trive Property Group, MRCB-Quill REIT, Sime Darby, Sunway, Bumi Armada, and Pos Malaysia

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KUALA LUMPUR (Aug 9): Based on corporate announcements and news flow today, stocks in focus on Monday (Aug 14) may include the following: Serba Dinamik, Petronas Chemicals Group, Trive Property Group, MRCB-Quill REIT, Sime Darby, Sunway, Samchem Holdings, Bumi Armada, and Pos Malaysia.

Serba Dinamik Holdings Bhd posted a net profit of RM82.88 million in the second quarter ended June 30, 2017 (2QFY17), a 7.18% increase from RM77.33 million in 1QFY17, mainly due to higher profit contribution from its operation and maintenance (O&M) segment.

Quarterly revenue for 2QFY17 came in at RM649.7 million, up 6.09% from RM612.4 million in 1QFY17. O&M remained the largest contributor of revenue, with a 82.9% contribution.

For the first-half period (1HFY17), Serba Dinamik reported a net profit of RM160.2 million on revenue of RM1.26 billion.

The company also declared a dividend of 1.5 sen per share for the financial year ending Dec 31, 2017(FY17), payable on Sept 20.

Petronas Chemicals Group Bhd has fixed the ex-date for its proposed dividend of 12 sen a share on Aug 23 this year. The payment date will fall on Sept 8.

Green energy storage solutions provider Trive Property Group Bhd is looking to start manufacturing solar panel products, from only trading solar products.

Its executive director Kua Khai Shyuan expressed his confidence in Trive Property being able to form a joint venture company with China's Fortunate Solar Technology Ltd.

Kua said the company has been searching for a ready-built factory in either Port Klang or Johor Baru and is expected to purchase the factory by the first quarter of calendar year 2018.

MRCB-Quill Real Estate Investment Trust's (MQREIT) realised net income rose 43.3% to RM22.04 million in the second quarter ended June 30, 2017 (2QFY17) from RM15.39 million a year ago, on higher realised net income attributable to rental reversions from several properties and the recognition of income from Menara Shell here.

Earnings per share was marginally lower at 2.26 sen in 2QFY17 from 2.33 sen in 2QFY16, due to the increase in MQREIT's weighted average units in circulation arising from the issuance of 406.619 million placement units pursuant to a placement exercise completed in December 2016.

Quarterly net property income was also up by 37.5% year-on-year to RM33.44 million, while revenue for 2QFY17 rose 39.8% to RM43.61 million in 2QFY17 from RM31.19 million in 2QFY16.

Sime Darby Bhd, via its subsidiary, Weifang Sime Darby Port Co Ltd has launched its liquid terminal on Wednesday, which will see the port expanding its range of services to provide storage and usage of terminal facilities for bulk oil and chemicals.

The new liquid terminal will be built, managed and operated by Weifang Sime Darby Liquid Terminal Co Ltd (WSDLT), a joint venture company owned in equal parts by Sime Darby Overseas (HK) Ltd and Dragon Crown Group Holdings Ltd.

Sunway Bhd has appointed former minister and Performance Management & Delivery Unit (Pemandu) chief, Datuk Seri Idris Jala, as co-chairman of its board, with immediate effect.

Sunway said Idris, who is also adviser to the Prime Minister in the National Transformation Programme, is now a new independent and non-executive director of the company.

Bumi Armada Bhd has inked a supplemental agreement for additional job scope worth US$134 million — about RM576 million — from Russia's LUKOIL-Nizhnevolzhskneft LLC.

This extra engineering, procurement, construction and installation scope will involve the laying of subsea pipelines and the undertaking of post-trenching and back-filling works by Bumi Armada's subsea construction assets.

The work is to be done on sections of the Filanovsky field in the Russian sector of the Caspian Sea. The works have started and is expected to be completed in the second half of 2018.

Pos Malaysia Bhd is acquiring two second-hand bulk carriers for a combined US$32.9 million, as part of requirements of the contracts awarded by TNB Fuel Services Sdn Bhd (TNBF) to its indirect subsidiary PNSL Bhd. The vessels will be delivered in December this year.

Pos Malaysia said PNSL, a wholly-owned subsidiary of Pos Logistics Bhd which in turn is fully owned by Pos Malaysia, was awarded two 10-year contracts by TNBF on July 19, 2016 for PNSL to transport coal from various countries into ports in Malaysia. These contracts' value cumulatively amount to US$194 million for the whole 10-year period.