Our website is made possible by displaying online advertisements to our visitors.
Please consider supporting us by disabling your ad blocker.

AirAsia Group, Key ASIC, UCrest, Bursa Malaysia, Pasdec, UEM Sunrise, Matrix Concepts, Latitude Tree, CIMB, PetDag, UEM Edgenta, Dayang, YNH Property, Bumi Armada, CSC Steel, Xidelang and Pelikan

TheEdge Sat, Nov 23, 2019 01:10am - 10 months ago


KUALA LUMPUR (Nov 22): Based on corporate announcements and news flow today, companies that in focus Monday (Nov 25) may include: AirAsia Group Bhd, Key ASIC Bhd, UCrest Bhd, Bursa Malaysia Bhd, Pasdec Holdings Bhd, UEM Sunrise Bhd, Matrix Concepts Holdings Bhd, Latitude Tree Holdings Bhd, CIMB Group Holdings Bhd,  Petronas Dagangan Bhd, UEM Edgenta Bhd, Dayang Enterprise Holdings Bhd, YNH Property Bhd, Bumi Armada, CSC Steel Holdings Bhd, Xidelang Holdings Ltd and Pelikan International Corp Bhd.

AirAsia Group Bhd's cargo and logistics subsidiary Teleport has signed a direct interline agreement with Lufthansa Cargo AG under which Teleport customers will gain access to Lufthansa Cargo space on Lufthansa flights. The long-term partnership aims to open up more than 300 destinations in 100 countries for Teleport customers while Lufthansa Cargo customers will have access to AirAsia's network of over 150 destinations in Asia Pacific.

Key ASIC Bhd is focusing on selling licensing of its design Intellectual Properties to drive future revenue, adding that China and Russia will be their key market to promote licensing of its IPs.

UCrest Bhd, a provider of cloud hospital and mobile health services, sees good prospects for the 2020 financial year. The company is banking on growth mainly from the pharmaceutical and insurance sectors.

Bursa Malaysia Bhd announced the resignations of four top executives as a result of the revamp of its organisational and leadership structure.The four top executives who will leave upon the expiry of their current fixed term contracts are chief commercial officer Selvarany Rasiah, chief operating officer Datin Azalina Adham, and director of corporate strategy Dr Tan Wei Lin as well as chief regulatory officer Yew Yee Tee.

Pasdec Holdings Bhd said an RM380 million vehicles electrical wiring harness contract awarded to its subsidiary in Botswana by Nissan South Africa (Pty) Ltd has been terminated due to "failure to meet targets relating to part price, tooling price, quality, delivery conditions and production capacities" as agreed between the two sides.

UEM Sunrise Bhd is disposing of one of its properties in Melbourne for A$125 million (RM354.6 million). It comprises a serviced apartment block that forms part of the Aurora Melbourne Central, together with 10 car park lots and part of the ground floor retail area measuring a gross floor area of 14,900 square metres.  

Matrix Concepts Holdings Bhd is acquiring 86 parcels of land in Negeri Sembilan measuring some 68.24ha for RM73.45 million to beef up its existing land bank.

Latitude Tree Holdings Bhd is buying a piece of freehold land measuring 40,469 sq metres (435,604 sq ft) in Klang for RM29.38 million, or RM67.44 per sq ft.

CIMB Group Holdings Bhd’s net profit fell 14.36% to RM1.01 billion in 3QFY19 from RM1.18 billion a year ago due to higher operating expenses and provisions, despite an increase in operating income. Revenue rose 12.03% to RM4.64 billion from RM4.14 billion.

For its nine-month period, net profit dropped 16.91% to RM3.71 billion from RM4.47 billion last year while revenue eased marginally by 0.26% to RM13.27 billion from RM13.31 billion.

Petronas Dagangan Bhd’s (PetDag) net profit for 3QFY19 fell 11.57% to RM239 million from RM270.27 million last year due to higher product cost, depreciation and amortisation expenses, which was offset by higher other income. Revenue was nearly flat at RM7.81 billion versus RM7.82 billion. The group declared an interim dividend of 16 sen per share for the quarter, payable on Dec 20. For its nine-month period, net profit declined 12.48% to RM702.95 million from RM803.17 million. While revenue increased 1.5% to RM22.5 billion from RM22.17 billion.

UEM Edgenta Bhd’s net profit fell 1.6% at RM17.28 million for 3QFY19 from RM17.56 million last year despite higher revenue. It said the growth in profitability was muted mainly on the back of external headwinds faced with its infrastructure-related businesses”.

Revenue expanded 11.23% to RM587.64 million from RM528.33 million.

For its nine-month period, net profit grew 4.7% to RM84.3 million from RM80.51 million last year while revenue rose 10.66% to RM1.7 billion from RM1.54 billion.

Dayang Enterprise Holdings Bhd saw its net profit for 3QFY19 soar nearly 120% to RM107.1 million from RM48.75 million last year, mainly due to wider profit margins on work orders received and performed in the quarter under review.

Revenue climbed 26.8% to RM357.58 million from RM281.93 million. For its nine-month period, net profit jumped almost 138% to RM158.05 million from RM66.5 million. Cumulative revenue grew 16.7% to RM761.16 million versus RM651.99 million.

YNH Property Bhd's net profit jumped 68.5% to RM11.62 million for 3QFY19 from RM6.9 million last year on higher revenue and lower tax, marketing and operating expenses.

Revenue rose 8.05% to RM106.09 million from RM98.18 million. For its nine-month period, net profit surged 60.78% to RM24.42 million from RM15.19 million last year. Revenue, however, dipped 6.15% to RM258.99 million from RM275.96 million.

Bumi Armada Bhd posted a net profit of RM153.37 million for 3QFY19 compared to a net loss of RM502.83 million last year, driven mainly by its offshore marine services segment.

Revenue, however, was lower at RM527.81 million from RM588.05 million. For its nine-month period, it posted a net profit of RM293.79 million versus a net loss of RM1.04 billion last year. Revenue fell to RM1.56 billion from RM1.84 billion.

CSC Steel Holdings Bhd's net profit for 3QFY19 rose more than threefold to RM10.53 million from RM2.98 million last year, on improved margins underpinned by an increase in domestic sales and favourable raw material cost.

Revenue grew 5.1% to RM353.67 million from RM336.59 million. For its nine-month period, net profit rose to RM27.74 million from RM23.97 million on flattish revenue of RM1.03 billion.

China-based footwear manufacturer Xidelang Holdings Ltd’s net profit for 3QFY19 rose 39.3% to RMB8.33 million (RM4.94 million) from RMB5.98 million last year, on higher average unit selling prices. Revenue was flat at RMB121.39 million from RMB120.26 million.  For its nine-month period, net profit climbed nearly 30% to RMB21.2 million from RMB16.35 million. While revenue inched up 2.75% to RMB347.74 million from RMB338.42 million.

Pelikan International Corp Bhd’s net profit leaped 189% to RM4.89 million for 3QFY19 from RM1.69 million. Revenue, however, fell 5.52% to RM303.31 million versus RM321.02 million due to the weaker euro against ringgit and lower sales in the Colombia market as well as in Spain after it ceased operations in Spain.






Related Stocks

AIRASIA 0.650
ARMADA 0.250
BURSA 8.360
CIMB 3.050
CSCSTEL 0.835
DAYANG 0.990
EDGENTA 2.020
KEYASIC 0.080
LATITUD 2.160
MATRIX 1.700
PASDEC 0.185
PELIKAN 0.290
PETDAG 20.100
UCREST 0.135
UEMS 0.375
XDL 0.055
YNHPROP 2.740

Comments

Login to comment.