F&N, Hartalega, MQREIT, KLCC Stapled, AirAsia X, KPJ Healthcare, O&C Resources, Tien Wah Press, Petrol One Resources and Press Metal

KUALA LUMPUR (Aug 2): Based on corporate announcements and news flow today, companies that may be in focus tomorrow (Wednesday, Aug 3) may include: F&N, Hartalega, MQREIT, KLCC Stapled, AirAsia X, KPJ Healthcare, O&C Resources, Tien Wah Press, Petrol One Resources and Press Metal.

Fraser & Neave Holdings Bhd (F&N)'s net profit rose 12.8% to RM93.55 million in the third quarter ended June 30, 2016 (3QFY16), from RM82.93 million a year ago, mainly on higher contribution from its Thailand operations.

The group’s revenue was up 1.86% to RM1.096 billion, from RM1.076 billion in 3QFY15.

In the year-to-date period (9MFY16), F&N posted a 50.34% increase in net profit to RM335.78 million, from RM223.35 million in 9MFY15, on improved contributions from both its Malaysian and Thai operations with favourable milk-based commodity costs, while revenue climbed 3.28% to RM3.15 billion, from RM3.05 billion over the same period.

Hartalega Holdings Bhd (Hartalega) saw its net profit for the first quarter financial year ended June 30, 2016 (1QFY17) fall by 10.4% to RM56.2 million, from RM62.7 million a year ago, due to more competitive sales pricing, increase in raw material, natural gas, maintenance and staff cost.

Its revenue, on the other hand, registered a 25.4% growth to RM401.8 million in 1QFY17, from RM320.5 million in 1QFY16, due to the group’s continuous expansion in production capacity and increase in demand, the strengthening of the U.S. dollar also contributed to the increase in revenue.

MRCB-QUILL REIT (MQREIT)'s net property income (NPI) for the second quarter ended June 30, 2016 (2QFY16) grew 5.7% to RM25.69 million, from RM24.31 million a year ago, driven by higher income from Platinum Sentral and selected properties, due to positive rental reversions, as well as lower property operating expenses.

Gross revenue for the quarter gained 1.2% to RM32.57 million, from RM32.18 million a year ago, due also to the same reason.

The trust manager declared a distribution per unit (DPU) of 4.23 sen, amounting to RM27.98 million, payable on Sept 8, which is 3.2% higher that the DPU distributed in 1HFY15.

For the six-month period (1HFY16), its net property income gained 34.6% to RM51.15 million, from RM37.99 million a year ago; while gross revenue rose 28.4% to RM65.22 million, from RM50.78 million.

KLCC Stapled Group, comprising KLCC Property Holdings (KLCCP) and KLCC Real Estate Investment Trust (KLCC REIT), recorded a total realised distributable income of RM167.11 million for the second quarter ended June 30, 2016 (2QFY16), up 3.8% from the RM160.97 million which it had recorded in the same quarter a year ago.

Revenue for the quarter came in 1.7% higher at RM334.57 million, compared to RM329.01 million previously, mainly due to an increase in revenue from retail, due to the recognition of a back charge in rental and service charge for a tenant for 21 months, upon winning a court case.

Its dividend/income distribution for the period stood at RM155.26 million, up 3.11% from the RM150.57 million which it announced a year ago, which brings its dividend/income distribution per unit to 8.6 sen, compared with 8.34 sen previously.

Long-haul low-cost carrier (LCC), AirAsia X Bhd recorded a 27% increase in its passenger count in its seasonally weaker second quarter this year, on the back of additional capacity.

It said it carried 1.03 million passengers in the second quarter of 2016 (2Q16), up from the 810,944 passengers in last year's comparable quarter. The number of seats flown grew at a smaller quantum of 13% to 1.37 million.

In this instance, AirAsia X managed to increase its load factor by seven percentage points to 75%.

KPJ Healthcare Bhd’s (KPJ)’s unit is exploring a tie-up with two Japanese firms, Sojitz Corp and Capital Medica Co Ltd, to develop and operate an oncology centre at Rumah Sakit Medika Bumi Serpong Damai in Indonesia, at an estimated cost of US$12 million (RM48.4 million).

Its wholly-owned subsidiary, Kumpulan Perubatan (Johor) Sdn Bhd, had inked a memorandum of understanding (MoU) with the two firms on the possible tri-partite collaboration at the 12th World Islamic Economic Forum in Jakarta, Indonesia, yesterday.

O&C Resources Bhd’s unit has clinched a RM101.08 million contract to construct affordable houses under the 1 Malaysia affordable housing scheme (PR1MA) in Alor Gajah, Melaka.

Its 70%-subsidiary, Kita Mampan Sdn Bhd had, through its associate company, AES Builders Sdn Bhd, inked a master en-block purchase agreement with PR1MA and Mampan ESA (Melaka) Sdn Bhd to build and develop 554 residential units, with five apartment blocks of 11 storeys each, and one apartment block of 12 storeys.

The contract is over a period of 3 years. It is expected to contribute positively to the earnings and net assets of the group for the financial year ending July 31, 2017.

Tien Wah Press Holdings Bhd, which planned to raised RM48.25 million for business expansion through a rights issue, saw an over subscription of 47.75% of its rights share.

The group received total valid acceptances and total excess applications of 71.29 million of its rights share as at 5 p.m. on July 26, being the close of acceptance and payment.

This comprises total valid acceptances of 47.22 million or 97.87% and total valid excess applications of 24.07 million or 49.88% as of closing date.

Petrol One Resources Bhd, a bunkering and floating storage service provider listed under Practice Note 17, is interested to buy at least 25% stake in an oil and gas (O&G) terminal at West Port, Port Klang.

It said its wholly-owned subsidiary, Petrol One Holdings Sdn Bhd, has entered into a memorandum of understanding (MoU) with WEBS Oil Hub Sdn Bhd, in relation to the proposed acquisition.

WEBS Oil wholly owns West Port Bunkering Services Sdn Bhd, which is the asset owner of the said O&G terminal. The terminal has 10 units of storage tanks, with total designed capacity of 220,598 cubic meters.

Press Metal Bhd has received total insurance claim of RM115 million, following the May 17, 2015 fire that damaged a few smelting pots and temporarily ceased operations to enable clean-up and repair works.

It received the offer for final insurance compensation payment of RM45 million from insurer MSIG Insurance (Malaysia) Bhd, yesterday (Aug 1).

This follows its April 5 announcement, when it said it had received an interim claim of RM70 million as compensation for the damages suffered.