Stock news

1⃣Tropicana appointed Japan-based Panasonic as turnkey contractor for the 3rd phase of RM12.4b Tropicana Aman township in Selangor.

2⃣SKPetro said net profit fell to RM110.31m in 1QFY16 from RM260.69m, mainly attributable to lower revenue from drilling and energy business segments. The group said certain rigs were "off contract”.

3⃣JAKS aims to divest the newly opened Evolve Concept Mall near Ara Damansara, Selangor, within a year to further enhance its financial position.

4⃣OCK has secured a US$40.2m loan in Myanmar to help finance the construction of 920 telecommunications towers in the country.

5⃣Edgenta has secured a RM42.99m contract from MAS for facilities management services for the national carrier.

6⃣Subur registered a net loss of RM13.9m in 3QFY16 as compared to RM2.71m in 3QFY15, mainly due to lower average FOB export selling price of logs, plywood and sawn timber; higher raw material costs.

7⃣Comintel's net profit surged to RM5.36m / 3.83 sen per share in 1QFY17 from RM1.86m / 1.33 sen per share, attributed by the better performance of its manufacturing segment.

8⃣YTL Power it is not able to quantify the effects of the Brexit referendum results on the group for now, although it does not expect its water services unit in the UK to be materially affected.

9⃣The audit and investigations led by the Royal Malaysian Customs Dept into Wah Seong’s indirect wholly-owned unit, PPI Industries SB, has been concluded with no penalties imposed.