KUALA LUMPUR (Nov 25): Based on corporate announcements and news flow today, companies in focus Tuesday (Nov 26) may include: Bursa Malaysia Bhd, Favelle Favco Bhd, WZ Satu Bhd, Scicom (MSC) Bhd, YTL Corp Bhd, RHB Bank Bhd, Serba Dinamik Holdings Bhd, MRCB-Quill REIT, IOI Properties Group Bhd, Berjaya Land Bhd (BLand), LBS Bina Bhd, OSK Holdings Bhd, TSH Resources Bhd, 7-Eleven Malaysia Holdings Bhd, Media Chinese International Ltd (MCIL) and Panasonic Manufacturing Malaysia Bhd.
Bursa Malaysia Bhd said it had last week disposed of 85,000 shares in Nasdaq-listed CME Group Inc on the open market for US$17.58 million or RM73.45 million.
Favelle Favco Bhd, which saw its share price hit its all-time high of RM3.02 last week, has bagged eight supply contracts worth a total of RM68.8 million.
WZ Satu Bhd has bagged a RM121.5 million contract related to earthworks and infrastructure works for Kedah Rubber City (KRC) Phase 1 (Package 1) in Padang Terap, Kedah for the Northern Corridor Implementation Authority.
Scicom (MSC) Bhd chief executive officer Datuk Seri Leo Ariyanayakam is expecting the group to do better in its current financial year ending June 30, 2020 (FY20) due to new projects secured. The group secured between five and ten projects during FY19, which is expected to be reflected in the performance of FY20.
YTL Group has reportedly submitted its planning application to local councils, through YTL Corp Bhd's unit YTL Developments (UK) Ltd, to repurpose the iconic Brabazon hangars into a new entertainment complex built around the 17,080 seat venue located in the central hangar.
RHB Bank Bhd's net profit for 3QFY19 rose 6.4% to RM615.83 million from RM578.69 million last year, on higher non-fund based income and lower expected credit losses for loans. Revenue rose to RM3.34 billion from RM3.2 billion. For its nine-month period, net profit rose to RM1.86 billion from RM1.74 billion last year. Revenue rose to RM10.1 billion from RM9.38 billion.
Serba Dinamik Holdings Bhd’s net profit up by 36% for 3QFY19 to RM113.16 million from RM83.23 million last year on stronger contributions from operation and maintenance (O&M) segment. Revenue rose RM1.05 billion, from RM770.22 million. Its nine-month period, net profit rose 28% to RM355.76 million from RM278.61 million, as revenue increased 37% to RM3.17 billion from RM2.31 billion.
MRCB-Quill REIT's (MQREIT) net profit 3QFY19 fell 14.3% to RM17.64 million from RM20.59 million a year ago as revenue dipped to RM39.46 million from RM43.59 million previously, on lower revenue generated from Platinum Sentral, QB5 and Wisma Technip. For its nine-month period, net profit declined to RM53.5 million from RM65.08 million last year. Revenue was lower at RM120.37 million versus RM131.58 million.
IOI Properties Group Bhd’s net profit rose 22% to RM136.64 million for 1QFY20 from RM111.96 million last year, on higher operating profit contributed from development projects in China and the Klang Valley and higher share of profit in joint ventures. Revenue, however, fell 2.3% to RM540.32 million from RM552.81 million due to lower sales from Singapore and Johor operations arising from lesser units remaining for sale.
Berjaya Land Bhd (BLand) reported a net loss of RM5.99 million on RM1.58 billion in revenue for the first quarter ended Sept 30, 2019.
LBS Bina Bhd’s net profit for 3QFY19 fell 12.74% to RM21.06 million from RM24.14 million last year. Revenue dropped 5.39% to RM388.16 million from RM410.26 million. For its nine-month period, net profit fell 22.40% to RM52.77 million from RM68 million, despite revenue higher at RM1.03 billion, versus RM955.13 million last year.
OSK Holdings Bhd’s net profit jumped 69.4% to RM107.58 million in 3QFY19, from RM63.52 million last year. This was despite a 10% drop in revenue to RM315.72 million, from RM351.24 million. Its nine-month period, net profit rose 45.4% to RM281.84 million from RM193.84 million last year, while revenue rose 3.3% to RM915.99 million from RM886.68 million.
Plantation player TSH Resources Bhd reports 25.7% decline in net profit to RM6.03 million for 3QFY19, from RM8.12 million last year. Revenue fell 9.7% to RM203.81 million from RM225.76 million last year on lower average crude palm oil and palm kernel selling prices. For the nine-month period, its net profit fell 14.7% at RM25.63 million from RM30.05 million last year, while revenue fell 12.8% to RM597.46 million from RM684.81 million.
7-Eleven Malaysia Holdings Bhd's net profit 1.32% to RM16.98 million in 3QFY19 from RM16.76 million last year. Revenue rose 4.51% to RM594.16 million from RM568.52 million last year. For its nine-month period, net profit rose 10.02% to RM42.71 million from RM38.82 million last year, while revenue rose 6.31% to RM1.77 billion from RM1.66 billion.
Media Chinese International Ltd (MCIL)’s net profit grew 6.3% to RM13.35 million in 2QFY20 from RM12.55 million last year. However, revenue fell 14.9% to RM305.44 million from RM358.95 million. For its six-month period, net profit slid 9.8% to RM22.83 million from RM25.3 million last year, while revenue declined 13.8% to RM605.58 million from RM702.67 million.
Panasonic Manufacturing Malaysia Bhd’s net profit fell 9.8% to RM30.79 million in its 2QFY20 from RM34.13 million last year. Revenue fell 6.6% to RM288.59 million from RM308.81 million. Nevertheless, the group declared an interim dividend of 15 sen per share for the financial year ending March 31, 2020, payable on Jan 22, 2020.