According to OSK Investment Research, TAS, which operates a 12.3-acre fully equipped shipbuilding yard in Sibu, builds about 23 vessels per annum. Since it started in the shipbuilding business, it has built over 150 vessels which are constructed based on international standards. Besides upgrading its existing shipbuilding yard, the group is setting up a new shipbuilding yard occupying at least 60 acres.
Stocks to watch -: TAS, Lion group, MRCB, Sime Darby, KNM
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Thursday, August 27, 2009
Monday, August 24, 2009
Xingquan's profit up 18% in debut earnings report
Bursa Malaysia's first foreign direct listing Xingquan International Sports Holding Ltd registered net profit of RM21.99 million in its first quarterly results report for 4Q09 ended June 30, which was 18.1% higher than RM18.62 million a year ago.
The shoe manufacturer reported revenue increase of 26.6% year-on-year, to RM110.7 million from RM87.44 million.
Year-to-date, earnings were up 38.5% to RM92.25 million from RM66.6 million, while revenue for FY09 increased by 32.6% to RM434.51 million from RM327.64 million.
Xingquan's profit up 18% in debut earnings report
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The shoe manufacturer reported revenue increase of 26.6% year-on-year, to RM110.7 million from RM87.44 million.
Year-to-date, earnings were up 38.5% to RM92.25 million from RM66.6 million, while revenue for FY09 increased by 32.6% to RM434.51 million from RM327.64 million.
Xingquan's profit up 18% in debut earnings report
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QL's net profit rises a marginal 3.6%
Agro-based QL RESOURCES BHD []'s net profit rose a marginal 3.6% in its first quarter (1Q) ending June 30, 2009, compared with a year ago to RM22.3 million while revenue declined 2.2%. It proposed a bonus issue of one-for-five.
The decline in revenue was mainly due to a 41% year-on-year (y-o-y) decline sales from the group's palm oil division, followed by a 3% decline in the marine product manufacturing division. Profit before tax for the marine and palm oil divisions fell 20% and 61% respectively.
The drop in sales and profit before tax (PBT) in the marine product manufacturing segment was due to lower contribution from surimi and lower catch from deep-sea fishing.
The group explained that the decline in revenue for palm oil division was due to lower selling prices of crude palm oil (CPO) and 18% decline in fresh fruit bunches (FFB) processed. The average CPO price realised in 1Q was RM2,423 per tonne or 31% less than RM3,487 a year ago. The division's lower PBT was due to lower milling margins and lower contribution from the group's estates.
QL's net profit rises a marginal 3.6%
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The decline in revenue was mainly due to a 41% year-on-year (y-o-y) decline sales from the group's palm oil division, followed by a 3% decline in the marine product manufacturing division. Profit before tax for the marine and palm oil divisions fell 20% and 61% respectively.
The drop in sales and profit before tax (PBT) in the marine product manufacturing segment was due to lower contribution from surimi and lower catch from deep-sea fishing.
The group explained that the decline in revenue for palm oil division was due to lower selling prices of crude palm oil (CPO) and 18% decline in fresh fruit bunches (FFB) processed. The average CPO price realised in 1Q was RM2,423 per tonne or 31% less than RM3,487 a year ago. The division's lower PBT was due to lower milling margins and lower contribution from the group's estates.
QL's net profit rises a marginal 3.6%
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Tuesday, August 18, 2009
Tuesday, August 11, 2009
Flash - AMMB 1Q earnings up 27% to RM258m
The banking group said on Aug 11 that revenue rose to RM1.53 billion from RM1.41 billion. Earnings per share were 9.48 sen versus 7.45 sen a year ago.
It said before tax, profit at RM353.5 million rose 29.2% over 1QFY09. Excluding one-off adjustments, profit after tax and minority interest for 1QFY10 was higher at RM263.7 million, compared to RM201.4 million previously.
Flash - AMMB 1Q earnings up 27% to RM258m
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It said before tax, profit at RM353.5 million rose 29.2% over 1QFY09. Excluding one-off adjustments, profit after tax and minority interest for 1QFY10 was higher at RM263.7 million, compared to RM201.4 million previously.
Flash - AMMB 1Q earnings up 27% to RM258m
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Wednesday, August 5, 2009
OSK upgrades Wah Seong's earnings, target price
OSK Research has upgraded its net profit forecast for Wah Seong Corp Bhd for FY10 and its target price for the stock following the company’s recent acquisition of the remaining 33% stake in PPSC Industrial Holdings Sdn Bhd.
OSK upgrades Wah Seong’s earnings, target price
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OSK upgrades Wah Seong’s earnings, target price
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Sunday, August 2, 2009
PM launches 10b Amanah Saham 1Malaysia fund
The 10 billion unit fund is a fixed price equity priced at RM1 per unit, the biggest PNB fund so far.
The 1Malaysia fund, which will be available for sales for 30 days from Aug 5 to Sept 3, 2009.
To ensure wider participation, the maximum investment limit has been set at 50,000 units per account holder for those aged between 18 and 55.
The investment limit for those above 55 is set at 100,000 units. The maximum limit, however, will be void after the offer period. Redemption of units during the offer period is not permissible.
During the offer period, subscription of the units is subject to an allocation of 50% for Bumiputera, 30% for Chinese, 15% for Indians and the remainder for other minority groups.
PM launches 10b Amanah Saham 1Malaysia fund
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The 1Malaysia fund, which will be available for sales for 30 days from Aug 5 to Sept 3, 2009.
To ensure wider participation, the maximum investment limit has been set at 50,000 units per account holder for those aged between 18 and 55.
The investment limit for those above 55 is set at 100,000 units. The maximum limit, however, will be void after the offer period. Redemption of units during the offer period is not permissible.
During the offer period, subscription of the units is subject to an allocation of 50% for Bumiputera, 30% for Chinese, 15% for Indians and the remainder for other minority groups.
PM launches 10b Amanah Saham 1Malaysia fund
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