KUALA LUMPUR (Dec 2): Based on corporate announcements and news flow today, companies that may be in focus on Monday (Dec 5) could include: Scanwolf, Sasbadi, Sunsuria, NTPM, QL Resources and Mudajaya.
Scanwolf Corp Bhd is teaming up with Tokyo-listed Nissha Printing Co Ltd's unit, Nissha Industrial and Trading Malaysia Sdn Bhd, to produce plastic related goods.
The goods would include luxury vinyl tiles and related products, calendar moulding related products and construction materials, the group said in a Bursa Malaysia filing.
The plastic extrusion manufacturer and property developer's wholly-owned subsidiary, Scanwolf Plastic Industries Sdn Bhd, today signed the joint venture (JV) agreement with the Japanese company.
Scanwolf said the JV would provide a new source of revenue and opportunity to expand its business in the building materials sector.
The joint venture, it added, would be financed through internally generated funds and is expected to be completed in 15 months.
Sasbadi Holdings Bhd and Universiti Malaya (UM) are collaborating to conduct research and product development on robotics education in science, technology, engineering and mathematics (STEM).
Sasbadi said in a bourse filing that its wholly-owned subsidiary, Sasbadi Learning Solutions Sdn Bhd, signed a memorandum of agreement (MoA) with UM today.
The collaboration also includes syllabus development, conducting workshops for students and teachers, workbook development, and certification for students and teachers, with the key objective of enhancing Malaysian students' STEM education and higher order thinking skills (HOTS).
The MoA, in force for 10 years or until the completion of the project, is not expected to immediately have any material effect on Sasbadi's earnings per share, net assets per share, gearing and share capital for the financial year ending Aug 31, 2017.
Sunsuria Bhd has lined up projects with an estimated gross development value of RM1.55 billion for launch in its current financial year ending Sept 30, 2017 (FY17).
The property developer posted a 230% year-on-year (y-o-y) surge in FY16 net profit to RM44 million from RM13.3 million, as revenue climbed 137% to RM202.4 million from RM85.6 million.
It expects a positive change not only from current projects but also project expansion in its first township, Sunsuria City, by 2017.
Sunsuria said this in a statement filed with Bursa Malaysia following Wednesday's release of its fourth quarter (4QFY16) results, which recorded a 430% y-o-y jump in net profit to RM24.5 million from RM4.6 million, as revenue nearly tripled to RM87.7 million from RM32.2 million.
Upcoming commercial developments like The Forum at Setia Alam and new commercial projects situated at Sunsuria City, Bell Avenue and Jasper Square also contributed to its FY16 performance.
NTPM Holdings Bhd's net profit dropped 6% in its second quarter ending Oct 31, 2016 (2QFY17), to RM16 million from RM17 million a year ago due to a decline in foreign currency translation income.
Revenue for the period, however, was up 8% to RM164.21 million from RM152.63 million as both paper and personal care products saw higher turnover, its bourse filing showed.
It will be paying a first interim single-tier dividend of 1.6 sen per share for the financial year ending April 30, 2017, on Jan 6.
For the six-month period (6MFY17), net profit fell 15% to RM25.43 million from RM29.96 million a year ago, though revenue rose 7% to RM315.6 million from RM296.03 million.
The decline in profit was mainly due to higher losses incurred in the post-commencement of Vietnam's initial tissue operation and margin deterioration due to higher raw material cost, energy and labour costs.
Moving forward, the group remained cautiously optimistic on its prospects, citing weakened Malaysian consumer sentiment and increase in electricity and natural gas tariffs since the beginning of 2016.
QL Resources Bhd is set to launch an additional two FamilyMart outlets by the end of this year, after having already launched two outlets to date.
"Additional services (such as banking and bill payment services) will be rolled out in phases from January onwards," its executive director Chia Lik Khai said at the launch of FamilyMart's second outlet in Malaysia today.
Chia maintained that QL Resources' target is to open 300 outlets locally in five years, starting with more outlets to be opened in the Klang Valley.
The venture, in partnership with FamilyMart Co Ltd, is expected to breakeven in three to five years, Chia added.
The two additional FamilyMart outlets are to be located in the TTDI station of the Sungai Buloh-Kajang MRT line and klia2.
Mudajaya Group Bhd has secured an RM810 million job to construct the Ayer Itam-Lebuhraya Tun Dr Lim Chong Eu by-pass in Penang, from Consortium Zenith BUCG Sdn Bhd.
The contract was secured via its wholly-owned subsidiary Mudajaya Corp Bhd, Mudajaya said in a bourse filing.
The project is slated to be completed in 36 months from the date of site possession, which is expected to be in the second half of 2017.