Tuesday 23 Apr 2024
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KUALA LUMPUR (Aug 16): Based on corporate announcements and news flow today, stocks in focus tomorrow may include the following: Econpile Holdings Bhd, Apex Healthcare Bhd, Carlsberg Brewery Malaysia Bhd, Daibochi Bhd, Dialog Group Bhd, Hock Seng Lee Bhd, KPJ Healthcare Bhd, Sarawak Plantation Bhd, Sunway Construction Group Bhd and Warisan TC Holdings Bhd.
 
Econpile Holdings Bhd secured a contract worth RM30.1 million to undertake piling and sub-structure works for a development on Jalan Kia Peng from Richmore Development Sdn Bhd.

The contract — which covers a near 14-month period — should contribute to its earnings for the financial year ending June 30, 2019, it said.

Apex Healthcare Bhd’s net profit for the second quarter ended June 30, 2018 grew 33% to RM13.7 million, from RM10.3 million a year ago, thanks to a greater proportion of higher margin products in the sales mix.

Quarterly revenue rose a marginal 0.42% to RM155.95 million, versus RM155.3 million.

For the cumulative six months of FY18, its net profit was up 31.84% to RM26.88 million, against RM20.39 million last year. Full-year revenue stood at RM324.35 million — up 4.64% from RM309.95 million a year ago.

Carlsberg Brewery Malaysia Bhd’s net profit in the second quarter ended June 30, 2018 rose 4.9% to RM63.91 million from RM60.92 million previously, helped by better performance of its Malaysian and Sri Lankan operations.

The brewer proposed a second single tier interim dividend of 15.7 sen per share. Quarterly revenue climbed 0.8% to RM415.45 million from RM412.14 million.

For the first six-month period, Carlsberg’s net profit rose 12.8% to RM144.73 million from RM128.31 million for the same period last year. Half-year revenue rose 5.37% to RM963.92 million, from RM914.78 million previously.

Daibochi Bhd's net profit slipped 7.81% to RM4.66 million for the second quarter ended June 30, 2018 from RM5.05 million last year, due to higher key raw material costs and foreign exchange losses in the period.

Quarterly revenue was up 22.5% to RM106.37 million from RM86.84 million.

The group declared an interim single-tier dividend of 0.8 sen per share, payable on Sept 27.

For the first half of FY18, Daibochi’s net profit grew 2.9% to RM11.13 million versus RM10.81 million a year ago. Revenue increased 16.67% to RM211.11 million from RM180.95 million.

Dialog Group Bhd's net profit jumped 10.9% to RM114.85 million in the the fourth quarter ended June 30, 2018, from RM103.55 million a year ago, on lower operating expenses and increase in the group’s share of joint ventures and associates' net profit —  particularly from Pengerang LNG (Two) Sdn Bhd.

It proposed a final dividend of 1.8 sen per share.

For the full FY18, net profit grew 37.7% to RM510.37 million, from RM370.64 million in FY17, despite revenue dropping 8.3% to RM3.11 billion from RM3.39 billion.

Hock Seng Lee Bhd’s net profit jumped 44.3% to RM14.12 million in the second quarter ended June 30, 2018 from RM9.78 million a year ago, as mega projects they are involved in enter the mid-phase of construction.

The group declared a first interim dividend of one sen per share, payable on Oct 10.

Quarterly revenue doubled to RM154.25 million from RM75.9 million previously after a restatement of the preceding year’s figure in line with new accounting policies adopted.

Net profit for the cumulative six months rose 33.2% to RM27.9 million, from RM20.95 million a year ago, while revenue grew 67.4% to RM286 million from RM170.82 million.

KPJ Healthcare Bhd's net profit rose 31.6% to RM42.34 million in the second quarter ended June 30, 2018 from RM32.17 million a year ago, on higher contribution from its Malaysian segment.

It declared an interim dividend of half a sen per share,  payable on Oct 5.

For the cumulative six months, KPJ's net profit increased 20.4% to RM84.82 million, from RM70.44 million a year ago, while revenue was also up 4.3% to RM1.62 billion from RM1.56 billion.

Sarawak Plantation Bhd’s net profit nearly halved to RM2.39 million for the quarter ended June 30, 2018 from RM4.22 million a year ago, amid lower realised average selling prices and lower sales volume of crude palm oil and palm kernel.

Revenue for the quarter fell 19.2% to RM66.95 million, from RM82.95 million previously.

For the first half of the financial year, Sarawak Plantation’s net profit slumped 95.4% to RM658,000 from RM14.21 million in the previous corresponding period.

Cumulative revenue, meanwhile, was 28.4% down to RM137.88 million from RM192.58 million.

Sunway Construction Group Bhd’s net profit in the second quarter ended June 30, 2018 was flattish at RM35.86 million, against RM35.9 million a year ago, on lower profitability in the precast segment.

This was despite quarterly revenue rising 30.4% to RM544.28 million from RM417.23 million, due to higher construction segment contribution which offset a decline in its precast segment.

The group declared a first interim dividend of 3.5 sen per share, payable on Sept 27.

Cumulative six months net profit climbed 2.9% to RM71.71 million from RM69.69 million a year ago, while revenue grew 28.3% to RM1.07 billion from RM836.76 million.

Warisan TC Holdings Bhd’s net profit for the second quarter ended June 30, 2018 more than doubled to RM1.77 million, from RM839,000 a year ago, thanks to higher revenue from its machinery division and improvement in the automotive business's overall gross profit margin.

The group declared an interim single tier dividend of 1 sen per share, payable on Sept 28.

For the first half of financial year 2018, its net profit more than doubled to RM3.81 million, from RM1.17 million last year, despite revenue falling 5.5% year-on-year to RM233.2 million from RM246.8 million previously.

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