<div class=newsTextDataWrapInner><p><span style="font-style: italics;">This article first appeared in The Edge Financial Daily on September 13, 2017</span></p></div><div class=newsTextDataWrapInner><p><strong>Petron Malaysia Refining &amp; Marketing Bhd (-ve)</strong><br />
SHARES in Petron Malaysia Refining &amp; Marketing Bhd (Petron) (fundamental: 2.1/3, valuation: 1.5/3) closed up 14 sen or 1.42% to RM9.97 yesterday, after 1.26 million shares changed hands. In comparison, its 200-day average volume was 302,053 shares.</p></div>

<div class=newsTextDataWrapInner><p>Its net profit grew 48% to RM91 million in its second quarter ended June 30, 2017, from RM61.53 million a year ago, thanks to a one-off gain from the disposal of service stations to the government. Revenue grew 32% to RM2.4 billion, thanks to higher average crude prices of 9% and improvement in product cracks.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Its other income during the quarter jumped 4.5 times to RM56.97 million, from RM12.55 million in the same period last year.</p></div>

<div class=newsTextDataWrapInner><p>At the current share price, Petron is trading at 2.06 times its book value.</p></div>

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Petron Malaysia Refining & Marketing Bhd (-ve)
SHARES in Petron Malaysia Refining & Marketing Bhd (Petron) (fundamental: 2.1/3, valuation: 1.5/3) closed up 14 sen or 1.42% to RM9.97 yesterday, after 1.26 million shares changed hands. In comparison, its 200-day aver...

Stock With Momentum: Petron Malaysia Refining & Marketing

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In a note on ...

Phillip Capital raises target price for Kerjaya Prospek to RM2, sees stronger y-o-y net profit growth in 1Q2024

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<p>KUALA LUMPUR (May 20): Phillip Capital has maintained its “buy” rating on Kerjaya Prospek Group Bhd at RM1.80 with a higher target price (TP) of RM2 (from RM1.93) and said it expects Kerjaya’s 1Q2024 net profit to come in stronger year-on-year, but flat quarter-on-quarter.</p>

<p>In a note on ...

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<p>Forget the ordinary mall experience. Central i-City, the crown jewel of i-City in Shah Alam, Selangor, transcends the typical shopping destination. Since its grand opening in 2019, the sprawling 1.5 million square foot space has established itself as a premier retail haven. It boasts a vibrant mix of tenants, an experience-oriented approach, and a commitment to growth that aligns with the global vision of its parent company, Central Pattana.</p>
