JcbNext Bhd (-ve)
Shares in JcbNext Bhd (fundamental: 1.5/3, valuation: 2.6/3), which have fluctuated within the RM1.45 and RM1.60 band this year, closed four sen or 2.65% lower at RM1.47 with 120,000 shares traded yesterday.
In the first quarter ended March 31, 2019, JcbNext’s net profit grew sixfold to RM1.36 million from RM176,000, while revenue grew 20.96% to RM1.78 million from RM1.47 million previously.
JcbNext attributed the better revenue to higher dividend and investment distribution income, coupled with lower foreign exchange losses in the quarter.
Formerly the operator of JobStreet.com, the company now owns stakes in Taiwan’s largest job site 104 Corp, as well as Malaysia-listed online marketing platform provider Innity Corp Bhd. It also operates automotive website Autoworld, and has a stake in a small consultancy business in Japan.
The group has quoted investments in Malaysia, Hong Kong and Singapore, and owns one eight-storey building in Kuala Lumpur and a two-storey shoplot office in Johor.