KUALA LUMPUR (Aug 28): Based on corporate announcements on Bursa Malaysia and news flow today, companies that will be in focus on Tuesday (Aug 29) may include: UMW, Fitters, IOI Corp, Tiong Nam, Puncak Niaga, MMC Corp, MMS Ventures, BIMB, Mah Sing and CIMB.

UMW Holdings Bhd's net loss for its second quarter ended June 30, 2017 (2QFY17) widened year-on-year to RM209.3 million from RM12.13 million, dragged down by one-off losses arising from the demerger of associate UMW Oil & Gas Corp Bhd.

In 2QFY17, UMW posted a 2.54% y-o-y growth in revenue, from RM2.72 billion to RM2.79 billion, due to higher topline contribution from its automotive business segment.

In 1HFY17, UMW posted net loss of RM189.14 million, compared with a net profit of RM4.45 million a year ago, though revenue grew 14.2% from RM4.83 billion to RM5.51 billion.

Fitters Diversified Bhd has clinched an RM81.5 million contract to build two- and three-storey terraced houses in Rawang.

The contract is for a period of 24 months from the date of building plan approval by the relevant authorities or 42 months from September 2017, whichever is earlier.

IOI Corp Bhd registered a net profit of RM317.5 million in its fourth quarter ended June 30, 2017 (4QFY17) compared with a net loss of RM59 million a year ago, due mainly to foreign exchange (forex) gains on borrowings and lower fair value loss on derivative financial instruments from the resource-based manufacturing segment.

Stripping the forex gains and fair value loss, the group's underlying pre-tax profit of RM309.8 million for 4QFY17 was 39% higher than RM222.1 million in 4QFY16.

For the full year (FY17), the group's net profit rose 18% to RM743.2 million from RM629.7 million in FY16, due mainly to higher contribution from the plantation segment, while revenue grew 20.3% to RM14.13 billion from RM11.74 billion.

On prospects, IOI Corp expects FFB production to increase next year due to higher yield and more young palm trees reaching the prime production age.

Tiong Nam Logistics Holdings Bhd, which saw its net profit for the first quarter ended June 30, 2017 (1QFY17) drop 94.9% to RM683,000 due to loss in fair value of quoted shares amounting to RM8.8 million, will spend RM100 million on capital expenditure (capex) in FY18.

The company's quarterly revenue rose 7.5% to RM140.91 million from RM131.09 million due to contribution from its logistics and warehousing services segment.

Meanwhile, it will spend RM100 million on capital expenditure in FY18 to buy new vehicles to grow the logistics and warehousing provider's transportation fleet, build new warehouses in line with growing demand, and strengthen its newly-established Southeast Asia to China cross-border logistics network.

The group expects its warehousing capacity to increase by 700,000 sq ft to 5.9 million sq ft by end-FY18. Its total warehousing capacity stood at 5.3 million sq ft as at end-FY17.

Puncak Niaga Holdings Bhd widened its net loss by 66% to RM30.38 million in 2QFY17 from RM18.26 million on higher operating costs.

Its financial statement showed operating costs grew 89% to near RM68 million during the quarter, which has offset the 186% surge in revenue to RM29.63 million from RM10.36 million.

In 1HFY17, the company's net loss grew 15%to RM73.1 million from RM63.8 million — though revenue grew 113% to RM49.94 million from RM23.45 million — again attributed to higher operating expenses.

On prospects, the group is also looking to explore opportunities in new areas such as oil palm plantation and property development, aside from its core businesses.

MMC Corp Bhd's net profit fell 49.7% to RM62.92 million in 2QFY17 from RM125.02 million a year ago, due to an absence of gain on sale of land at Senai Airport Free Industrial Zone, as well as the substantial completion of the KVMRT-SBK Line in 2016.

Lower contribution due to outages that occurred at Tanjung Bin Energy's power plant in Johor also added to the decline in earnings in 2QFY17.

Quarterly revenue slipped 0.6% to RM944.43 million in 2QFY17 from RM950.26 million in 2QFY16, mainly due to the substantial completion of the KVMRT-SBK Line.

Net profit for 1HFY17 was lower at RM118.06 million, down 33.1% from RM176.36 million a year ago, while revenue fell by a marginal 0.9% to RM1.87 billion from RM1.89 billion last year.

MMS Ventures Bhd, which saw its 2Q net profit jump 57.5%, has proposed a transfer of its listing to the Main Market of Bursa Malaysia from the ACE Market.

MMS Ventures's net profit rose to RM9 million 2QFY17 from RM5.71 million last year, on higher other operating income attributed to the fair value adjustment of other investments, and the increase in interest income earned.

Quarterly revenue also increased 46.4% to RM29.38 million from RM20.07 million, on a surge in sales of machines to manufacturers of both smart devices and general lighting segments.

In 1HFY17, MMS Ventures's net profit increased nearly 2.4 times to RM13.1 million from RM5.49 million a year ago, while revenue rose 65.2% to RM44.28 million from RM23.91 million in 1HFY16.

Moving forward, MMS Ventures anticipates orders coming in from the growing smart devices, automotive and general lighting segments.

BIMB Holdings Bhd reported a 6% drop in 2QFY17 at RM135.67 million from RM143.71 million on higher personnel, overhead and finance cost.

Revenue came in higher at RM943.19 million in 2QFY17, from RM882.44 million previously.

In 1HFY17, its net profit rose to RM286.77 million from RM278.97 million a year ago while revenue was higher at RM1.86 billion versus RM1.77 billion.

Mah Sing Group Bhd's net profit rose 1.8% to RM90.39 million in 2QFY17 from RM88.82 million a year ago.

Quarterly revenue, however, fell 6% to RM727.14 million from RM773.9 million in 2QFY16.

In 1HFY17, its net profit slipped 1.6% to RM180.81 million from RM183.85 million, due to higher selling, marketing and administrative expenses.

Revenue also fell 2.2% to RM1.45 billion in 1HFY17 from RM1.48 billion in 1HFY16.

Mah Sing said its target was to increase its land banks in the Klang Valley to 75% from the current 67% in the next two years.

CIMB Group Holdings Bhd's net profit grew 26% to RM1.1 billion in 2QFY17 from RM872.83 million previously on higher net interest and Islamic banking income, while revenue rose to RM4.33 billion from RM3.9 billion.

For 1HFY17, CIMB's net profit rose to RM2.28 billion from RM1.69 billion a year earlier, while revenue increased to RM8.69 billion from RM7.63 billion.

The group declared a first interim net dividend of 13 sen per share to be paid via cash or an optional dividend reinvestment scheme.

Looking ahead, CIMB said it was cautiously optimistic on 2HFY17 due to Malaysia and Indonesia's economic growth besides expectation of gradual improvement in Singapore and Thailand.