Stocks In Focus MY (Cypark, Pharmaniaga, TA Enterprise) – 01/04/15
Cypark 1Q15 Net Profit Up 10.4 percent
Cypark Resources posted a net profit RM8.5 million in the first quater ended 31 January 2015, 10.4 percent higher than 1Q14, attributable to higher revenue generated from landscaping and infrastructure projects.
Revenue rose 16.4 percent to RM59.9 million compared to RM51.5 million last year as its revenue for landscaping and infrastructure division saw a robust 90.5 percent increase to RM21.1 million in 1Q15.
Sales from its renewable energy division was up 14 percent in the quarter and Cypark has shared that it intends to tap onto the progressive business potential of the 11th Malaysian Plan as part of its growth strategy to continue the expansion this business segment.
Significance: The business and performance of the group is expected to be robust and strong for the coming year based on the renewable energy industry outlook and the company’s strategic business model transformation plans.
Pharmaniaga Aims To Reduce Government Concession Dependency
Pharmaniaga aims to balance local pharmaceutical business by reversing the current ratio of non-concession versus concession from 42:58 to 60:40 in the next few years, reducing its dependance on government concession through expansion of its manufacturing capabilities.
The group is a government-linked company and currently the sole concession holder to purchase, store, supply and distribute approved drugs and medical products to 148 government hospitals and 1,400 clinics and district offices nationwide. Its second concession cycle with the government ends in 2019.
For the financial year ended 31 December 2014, revenue increased 9 percent to RM2.1 billion from RM1.9 billion previously, attributable to the company’s efforts to boost earnings growth, optimise costs and improve operational efficiency.
Significance: The company is looking to expand its presence in the growing healthcare and pharmaceutical industry in Malaysia and other emerging markets, while maintaining focus on tapping into new opportunities for growth to enhance the core business. The group added it had achieved economies of scale in its operations and should be able to maintain its double-digit growth momentum in FY15.
TA Enterprise Suffers RM33m Loss In 4Q15
Brokerage firm TA Enterprise recorded a RM33.3 million net loss for the fourth quarter ending 31 January 2015, a drastic drop from a RM29.2 million net profit a year ago. For the full-year, earnings fell 29 percent to RM96.7 million.
The loss is came mainly from its investment holding division, primarily due to lower loan recovery, higher foreign exchange loss and fair value loss on investment securities.
TA Enterprise maintains its view that outlook remains challenging in the domestic economy in view of slower export growth, lower investments in oil and gas industry due to the decline in oil prices, and an anticipated moderate private consumption following the implementation of goods and service tax.
Significance: The group expects lower income contribution from overseas and local property investments in its current financial year for its property investment division, attributable to upgrading works for some of its investment properties. Barring unforeseen circumstances, the company expects operations to remain profitable in FY16.
Cypark 1Q15 Net Profit Up 10.4 percent
Cypark Resources posted a net profit RM8.5 million in the first quater ended 31 January 2015, 10.4 percent higher than 1Q14, attributable to higher revenue generated from landscaping and infrastructure projects.
Revenue rose 16.4 percent to RM59.9 million compared to RM51.5 million last year as its revenue for landscaping and infrastructure division saw a robust 90.5 percent increase to RM21.1 million in 1Q15.
Sales from its renewable energy division was up 14 percent in the quarter and Cypark has shared that it intends to tap onto the progressive business potential of the 11th Malaysian Plan as part of its growth strategy to continue the expansion this business segment.
Significance: The business and performance of the group is expected to be robust and strong for the coming year based on the renewable energy industry outlook and the company’s strategic business model transformation plans.
Pharmaniaga Aims To Reduce Government Concession Dependency
Pharmaniaga aims to balance local pharmaceutical business by reversing the current ratio of non-concession versus concession from 42:58 to 60:40 in the next few years, reducing its dependance on government concession through expansion of its manufacturing capabilities.
The group is a government-linked company and currently the sole concession holder to purchase, store, supply and distribute approved drugs and medical products to 148 government hospitals and 1,400 clinics and district offices nationwide. Its second concession cycle with the government ends in 2019.
For the financial year ended 31 December 2014, revenue increased 9 percent to RM2.1 billion from RM1.9 billion previously, attributable to the company’s efforts to boost earnings growth, optimise costs and improve operational efficiency.
Significance: The company is looking to expand its presence in the growing healthcare and pharmaceutical industry in Malaysia and other emerging markets, while maintaining focus on tapping into new opportunities for growth to enhance the core business. The group added it had achieved economies of scale in its operations and should be able to maintain its double-digit growth momentum in FY15.
TA Enterprise Suffers RM33m Loss In 4Q15
Brokerage firm TA Enterprise recorded a RM33.3 million net loss for the fourth quarter ending 31 January 2015, a drastic drop from a RM29.2 million net profit a year ago. For the full-year, earnings fell 29 percent to RM96.7 million.
The loss is came mainly from its investment holding division, primarily due to lower loan recovery, higher foreign exchange loss and fair value loss on investment securities.
TA Enterprise maintains its view that outlook remains challenging in the domestic economy in view of slower export growth, lower investments in oil and gas industry due to the decline in oil prices, and an anticipated moderate private consumption following the implementation of goods and service tax.
Significance: The group expects lower income contribution from overseas and local property investments in its current financial year for its property investment division, attributable to upgrading works for some of its investment properties. Barring unforeseen circumstances, the company expects operations to remain profitable in FY16.
