KUALA LUMPUR (Nov 27): Based on corporate announcements and news flow today, stocks in focus on Tuesday (Nov 28) may include Tenaga Nasional Bhd, AWC Bhd, Wah Seong Corp Bhd, Hibiscus Petroleum Bhd, PPB Group Bhd, Sime Darby Property Bhd, Petronas Dagangan Bhd, MMC Corp Bhd, Time dotCom Bhd, Tan Chong Motor Holdings Bhd, Comfort Glove Bhd, Serba Dinamik Holdings Bhd, IHH Healthcare Bhd and Magnum Bhd.

Tenaga Nasional Bhd registered a net profit of RM501 million for the third quarter ended Sept 30, 2018 (3QFY18) on revenue of RM13.07 billion. TNB changed its financial year from Aug 31 to Dec 31.

AWC Bhd’s net profit increased 20% year-on-year (y-o-y) to RM6.07 million in the first quarter Sept 30, 2018 (1QFY19) from RM5.06 million, as revenue strengthened while cost of sales fell.

Revenue grew 3% to RM68.49 million from RM66.2 million, while cost of sales retreated 4% to RM47.22 million from RM49.32 million. Earnings was also boosted by a gain on foreign currency translation difference of RM1.04 million, its stock exchange filing today showed, versus a loss of RM74,000 a year ago.

Wah Seong Corp Bhd’s net profit fell 20.1% to RM24.49 million in 3QFY18 from RM30.65 million a year ago, on lower contribution from the oil and gas (O&G) segment. Quarterly revenue declined 6.4% to RM701.92 million from RM750.06 million a year ago.

Hibiscus Petroleum Bhd’s net profit shot up to RM100 million in its first-quarter ended Sept 30, 2018 (1QFY19), nine times from RM10.78 million a year ago, as revenue jumped six times on contribution from two producing assets, Anasuria in the UK and North Sabah in Malaysia.

Anasuria contributed RM166.8 million to the group's revenue in 1QFY19, with a profit before tax (PBT) of RM95.6 million. The North Sabah Production Sharing Contract (PSC) contributed RM192 million in revenue, with PBT of RM76 million.

In the year-ago quarter, Anasuria was the group's sole producing asset when it recorded revenue of RM58.24 million, which grew to RM359.96 million in 1QFY19.

PPB Group Bhd’s net profit for 3QFY18 fell 5.61% to RM359.77 million from RM381.17 million a year earlier, while revenue rose 5.63% to RM1.14 billion from RM1.08 billion.

Sime Darby Property Bhd’s net profit fell 93.2% to RM28.8 million in 3QFY18 from RM421.69 million a year ago, primarily due to lower share of results from the Battersea Power Station project in London, the UK in which it owns a 40% stake. Revenue rose a marginal 1.6% to RM480.34 million from RM472.61 million.

Petronas Dagangan Bhd’s (PetDag) net profit fell 65% to RM270.27 million in 3QFY18 from RM761.73 million a year ago — despite higher revenue — mainly because the previous year had recognised a subsidiary disposal gain of RM424.6 million.

Lower sales volume and higher operating expenses also contributed to the weaker 3QFY18 net profit. Revenue came in 14% higher at RM7.82 billion compared with RM6.87 million a year ago, mainly due to an increase in Mean of Platts in Singapore (MOPS) product prices.

MMC Corp Bhd’s net profit doubled to RM38.94 million in 3QFY18 from RM18.94 million a year ago, on absence of impairment provision of RM98 million on the Storm Water Management and Road Tunnel (SMART) project, as a result of lower projected traffic volume.

However, revenue was down 10.6% to RM944.08 million from RM1.06 billion a year ago, due to lower work progress from the Klang Valley Mass Rapid Transit (KVMRT) Sungai Buloh-Serdang-Putrajaya (SSP) Line, lower contribution from Rapid material offloading facilities operations at Johor Port and lower container volume handled at Northport.

Time dotCom Bhd’s 3QFY18 net profit jumped 183.3% to RM79.98 million from RM28.23 million a year ago, due mainly to higher revenue and forex gains. Revenue grew 23.2% to RM250 million from RM202.96 million previously.

Tan Chong Motor Holdings Bhd posted a net profit of RM32.86 million for 3QFY18, versus a net loss of RM23.09 million in the year-ago quarter, while revenue grew 46% to RM1.57 billion from RM1.07 billion, thanks to the three-month tax holiday following the zero-rating of the goods and services tax that boosted sales, and the launch of its Nissan Serena.

Comfort Glove Bhd’s subsidiary has been removed from the US Food and Drug Administration (FDA) alert list, after being flagged by the authority there over eight months ago. Its wholly-owned Comfort Rubber Gloves Industries Sdn Bhd was informed of this by the FDA in a letter.

The subsidiary was listed under FDA’s import alert list on March 15, as a result of which its examination glove shipments to US had to undergo inspections before being released into the country.

Serba Dinamik Holdings Bhd turned in a 22.3% higher net profit for its third quarter ended Sept 30, 2018 (3QFY18) at RM83.23 million compared with RM68.03 million in the same quarter last year, in tandem with its strong top line growth.

Revenue expanded nearly 18% to RM770.22 million from RM653.32 million in the previous corresponding quarter, due to strong operation and maintenance (O&M) activities.

IHH Healthcare Bhd fell into a net loss of RM104.07 million in its third quarter ended Sept 30, 2018 (3QFY18), compared with a net profit of RM82.09 million in the year-ago quarter.

Revenue grew a marginal 1% to RM2.84 billion from RM2.8 billion in the corresponding quarter last year, contributed by growth in existing operations and the continuous ramp up of Gleneagles Hong Kong Hospital and Acibadem Altunizade Hospital in Turkey.

Magnum Bhd posted a net loss of RM70.51 million in 3QFY18 compared to a net profit of RM63.28 million a year ago, dragged down by a tax penalty incurred in the current quarter under review. Quarterly revenue rose 1.6% to RM667.11 million from RM656.45 million a year ago.