KUALA LUMPUR (Oct 20): Based on corporate announcements and news flow today, stocks in focus tomorrow could include: WZ Satu Bhd, Heineken Malaysia Bhd, Multi-Usage Holdings Bhd,PRG Holdings Bhd, Public Bank Bhd, Capitaland Malaysia Mall Trust (CMMT), Jerasia Capital Bhd and M3 Technologies (Asia) Bhd (M3Tech).
WZ Satu Bhd posted a 48% jump in net profit in its fourth quarter of financial year 2016 to RM7.93 million or 2.37 sen per share, on improved contributions from its civil engineering and construction, and oil and gas segments.
In the three months ended Aug 31, 2016 (4QFY16), revenue was up 9% at RM123.59 million from RM112.99 million attributable to the increased revenue from its civil engineering and construction segments.
Annual net profit gained nearly 11% to RM22.91 million or 6.95 sen per share, compared with RM20.73 million or 7.12 sen per share in FY15, underpinned by higher contributions from its civil engineering and construction segments.
Full-year revenue came in 33% higher at RM465.92 million, from RM351.42 million a year ago, due to higher contributions from the civil engineering and construction segments.
Heineken Malaysia Bhd reported a 10% decline in its net profit to RM57 million or 18.84 sen per share for the three-month period ended Sept 30, 2016, from RM63 million or 20.89 sen per share in the preceding quarter, due to generally weak macroeconomic conditions.
Revenue for the period was also lower at RM384 million, down 5% from RM405 million in the same period a year earlier.
For the 15 months ended Sept 30, net profit stood at RM323 million, on the back of RM2.2 billion in revenue. The company had changed its financial year end from June 30 to Dec 31, on Nov 25 last year, so there are no comparative figures for the period.
Bursa Malaysia has rejected Multi-Usage Holdings Bhd’s application for a one-month extension for the release of its annual report for the year ended June 30, 2016, till Nov 30.
In a filing with the bourse, the building material trader said its Oct 17 application to the regulator was rejected yesterday.
On April 15, Multi-Usage said its directors had approved a change in its financial period from a 12-month period ended Dec 31, 2015 to a 16-month period ended April 30, 2016.
Then on Aug 29, the company announced that the new ending date for its financial year, was June 30, 2016.
On Oct 7, in a reply to a Bursa Malaysia query on its application for an extension for the annual report release, Multi-Usage said it was targeting to issue its 2016 annual report by Oct 31.
PRG Holdings Bhd has launched its maiden luxury residential property project Picasso Residence at Jalan Ampang, Kuala Lumpur, with a gross development value (GDV) of RM600 million.
The development — comprising two 38-storey towers of 472 residential units — has already seen 65% take-up during the group’s private preview roadshows, said PRG group managing director Datuk Lua Choon Hann.
“The response and support received were tremendously positive, despite current challenging property market. In addition, the number of sales we have garnered thus far, is a testament to the quality of our product.
“We still have more projects to be launched and we look forward to bringing more innovative products that can further excite and delight our customers in the near future,” said Lua in a statement.
Public Bank Bhd's net profit for the third quarter ended Sept 30, 2016 rose 3.1% year-on-year to RM1.24 billion, from RM1.20 billion a year earlier, driven mainly by higher net interest income and income from Islamic banking business.
Its revenue for the quarter increased to RM5.03 billion, from RM4.91 billion a year earlier, while earnings per share was 32.06 sen, compared with 31.11 sen previously.
For the nine months ended Sept 30, Public Bank’s net profit rose to RM3.72 billion, from RM3.57 billion a year earlier.
Capitaland Malaysia Mall Trust (CMMT)’s third quarter ended Sept 30, 2016 (3QFY16) saw its distributable income rise 3.8% to RM43.3 million, from RM41.7 million in 3QFY15.
The distribution per unit or DPU for the quarter was up 2.4% year-on-year to 2.13 sen, from 2.08 sen, its bourse filing showed.
Net property income rose 2.8% to RM61.4 million, from RM59.8 million in 3QFY15, said CMMT, mainly driven by full quarter contribution from Tropicana City Mall and Tropicana City Office Tower that was acquired on July 10, 2015, and higher contributions from Gurney Plaza and the East Coast Mall.
CMMT said unitholders can expect to receive their DPU for the quarter under review, along with their DPU for the quarter ending Dec 31, 2016, by February 2017.
For the cumulative nine-month period (9MFY16), CMMT’s distributable income climbed 6.6% to RM128.5 million, from RM120.5 million a year ago, though DPU slipped 2.8% to 6.33 sen, from 6.51 sen in 9MFY15, as its number of units in circulation had risen to 2.031 billion, compared with 2.028 billion previuosly.
Net property income for the period went up 9.8% to RM182.1 million, from RM165.8 million a year ago.
Jerasia Capital Bhd has been queried by the stock exchange regulator after the company's shares rose sharply by 18 sen or 35.2% over the past two days.
At closing bell, shares in the fashion apparel and accessories retailer closed at its six-month high of 69 sen, gaining 1.5 sen or 2.22%, with 1.14 million shares exchanging hands.
Bursa Malaysia has queried Jerasia over the unusual market activity (UMA) and requested the company to explain the possible reason that could have contributed to the sharp rise.
"We draw your attention to the sharp rise in price of your company's shares recently," the UMA query read, requesting the company to disclose any corporate development, rumour or report, or other possible explanation that could account for the trading activity.
M3 Technologies (Asia) Bhd (M3Tech) has entered into an exclusive distribution agreement with Hangzhou Hikvision Technology Co Ltd for the distribution of the full range of EZVIZ surveillance and security products.
According to its filing, M3Tech will be able to distribute products under the EZVIZ brand, including wireless CCTV surveillance cameras, motion detectors, panic buttons, and sensors that can be effortlessly installed by the average user.
The agreement will be in force from the date of signing to Dec 31, 2017, and the contract to be automatically renewed for an additional year upon fulfilment of certain terms and conditions of the agreement.
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