KUALA LUMPUR (May 11): Based on corporate announcements and news flow today, stocks in focus on Friday (May 12) may include: Malaysia Airports Holdings Bhd, Three-A Resources Bhd, T7 Global Bhd, S P Setia Bhd, Kerjaya Prospek Group Bhd, CAB Cakaran Corp Bhd, Matang Bhd, Mitrajaya Holdings Bhd, Omesti Bhd and 7-Eleven Malaysia Holdings Bhd.
Malaysia Airports Holdings Bhd (MAHB) handled 10.7 million passengers in April 2017, a 14.7% growth over the same month last year.
International traffic recorded five million passengers with a year-on-year (y-o-y) increase of 19.5% whereas domestic traffic rose by 10.8% recording 5.8 million passengers compared with the same period a year ago.
On a last-twelve-month basis, the total MAHB network of airports registered 6.9% growth with 122.3 million passengers, the highest traffic handled for 12 months by the network.
Overall aircraft movements increased by 4.1% with international movements registering an increase of 8.8% while domestic flights improved by 1.4% over April 2016, MAHB said.
Locally, airports in Malaysia registered 8.2 million passengers in April 2017, a 16.9% y-o-y growth over April 2016.
The international sector recorded 4.1 million passengers with a 20.2% increase while the domestic sector recorded 4.1 million passengers, representing a growth of 13.8%.
International traffic for Asean countries rose by 15.9% to two million passengers whereas non-Asean traffic posted a 24.5% growth to 2.1 million passengers.
Overall aircraft movements also increased by 5.5%. International aircraft movements improved by 11.6% while domestic aircraft movements grew by 2.1% compared with April 2016.
Overall average load factors improved to 79.4% in April 2017, an increase of 6.2 percentage points compared with the same month last year.
Three-A Resources Bhd’s net profit for the first quarter ended March 31, 2017 (1QFY17) rose by 54.26% to RM10.32 million from RM6.7 million a year ago.
The company attributed the increase in earnings to higher product margins and lower foreign currency losses of RM39,000 compared with RM1.15 million a year ago.
Its quarterly revenue, however, fell 4.08% to RM103.18 million against RM107.57 million in the previous year due to lower sales of the group’s products.
The company also announced a bonus issue of 98.4 million new shares on the basis of one bonus share for every four shares held on the entitlement date of May 25, 2017.
T7 Global Bhd’s (formerly Tanjung Offshore Bhd) wholly-owned T7 Aero Sdn Bhd has formed a 60:40 joint venture (JV) with KOV Ltd, a wholly-owned unit of Kilgour Metal Treatments Ltd, to pursue high-value metal treatment manufacturing.
The company, known as T7 Kilgour Sdn Bhd, will build, operate and set up a metal treatments plant in Malaysia to pursue high-value manufacturing businesses in metal treatments, the group said.
The company will provide various metal treatment services including non-destructive testing, painting and marking, chemical processing, heat treatment and surface treatment.
“All these treatments are mainly for aerospace but can also cater to various industries such as oil and gas, automotive, biomedical and many more, T7 Global added.
T7 Global also signed a Heads of Agreement (HoA) with MARA Aerospace & Technologies Sdn Bhd to collaborate on human capital development in the aerospace industry.
As part of the partnership, T7 Aero will provide human capability and operational support, and to support business localisation. KOV, on the other hand, will inject its industry expertise, experience and training which include strategic business development support by leveraging on its global network.
“T7 Aero’s collaboration with Kilgour will be on a sole and exclusive basis in the Asia-Pacific Region, excluding China and Japan,” T7 Global said.
S P Setia Bhd’s net profit for the first quarter ended March 31, 2017 (1QFY17) fell 14.8% to RM105.18 million from RM123.39 million a year ago, despite higher revenue.
The group attributed the drop in earnings to lower other income generated from its wood-based manufacturing, trading activities, and the operation of retail mall and Setia City Convention Centre, which saw a significant 45.2% drop to RM37.68 million from RM68.76 million a year ago.
However, quarterly revenue grew 3.5% to RM940.19 million from RM908.46 million, thanks to higher income from its property development and construction businesses which grew 0.4% and 58.8% respectively.
S P Setia also said that it secured property sales of RM426.8 million, of which local sales contributed 82% or RM351.4 million to total sales, whereas the remaining 18% or RM75.4 million were generated from international projects.
S P Setia said its property sales secured were mainly driven by its property projects in the central region which generated RM249.7 million.
Kerjaya Prospek Group Bhd has won a contract worth RM207.36 million for the construction of 166 units of three-storey semi-detached houses, 99 units of three-storey bungalows and ancillary works in Shah Alam.
This marks Kerjaya Prospek’s second contract award for the year and brings the current outstanding orderbook to RM2.5 billion.
Its wholly-owned subsidiary Kerjaya Prospek (M) Sdn Bhd had accepted a letter of award (LoA) from BCB Development Sdn Bhd (BCB).
Kerjaya Prospek said the construction works is for 29 months, which is expected to commence on May 15. It will be completed on Sept 30, 2019.
CAB Cakaran Corp Bhd has proposed to undertake a share split and bonus issue to enhance the marketability and trading liquidity of its shares.
The share split will involve subdivision of every two existing shares into five split shares, and a bonus issue of up to 138.65 million new split shares to be credited as fully paid-up with one bonus share for every four split shares.
Matang Bhd has lost the bid for two parcels of oil palm land in Raub, Pahang, alongside a 60-tonne per hour palm oil mill on-site.
“Matang has received today a letter dated May 9, 2017 informing the company that the tender submitted for the proposed land and oil mill was unsuccessful,” it said. The tender deposit paid on April 19, 2017 has also been returned to the group.
Matang bid for the leasehold land — totalling 4,219.79 acres — from Raub Mining & Development Company Sdn Bhd and Raub Oil Mill Sdn Bhd in April 19, and it intended to pay via bank borrowings and fund-raising exercises.
Mitrajaya Holdings Bhd has bagged a RM160.1 million contract to build residential buildings for a higher learning institution here.
Its wholly-owned subsidiary Pembinaan Mitrajaya Sdn Bhd has accepted the proposed job, which will commence on May 18 for a duration of 24 months and is expected to be completed by May 2019.
Malaysian technology-based public-listed company Omesti Bhd is collaborating with Foster Moore to deploy Foster Moore's proprietary electronic registry solution called Catalyst across the Asean region and beyond.
Under the partnership, Omesti has been selected as Foster Moore's implementation partner for Asean and emerging markets.
"We will work together to identify opportunities in a range of countries, which include Singapore, Hong Kong, Vietnam, Myanmar and Malaysia," said Omesti’s executive director Gerard Monteiro.
The Catalyst commercial off-the-shelf software is designed to streamline even the most complex project. Catalyst delivers operational cost reductions, enhanced security and process improvements while complying with all local statutory legislation.
7-Eleven Malaysia Holdings Bhd aims to have 20 customers a store per day for offline payment solution through its partnership with Lazada Malaysia and MOLPay.
Through this payment gateway, 7-Eleven is hoping to enhance customer traffic as well as boost its store sales, said its chief executive officer Gary Brown.
The convenience store chain operator has recorded a 1.5% decline in same store sales growth in 2016 due to goods and services tax impact.
Brown said this platform targets those with low salary without credit card access, those who distrust online payment and low-income foreign workers.
"In January 2016, we launched utility bill payment and we had tremendous increase in the bill payments in our store," said Brown at the launching of offline payment solutions.
http://www.theedgemarkets.com/article/mahb-threea-resources-t7-global-s-p-setia-kerjaya-prospek-cab-cakaran-matang-mitrajaya
Malaysia Airports Holdings Bhd (MAHB) handled 10.7 million passengers in April 2017, a 14.7% growth over the same month last year.
International traffic recorded five million passengers with a year-on-year (y-o-y) increase of 19.5% whereas domestic traffic rose by 10.8% recording 5.8 million passengers compared with the same period a year ago.
On a last-twelve-month basis, the total MAHB network of airports registered 6.9% growth with 122.3 million passengers, the highest traffic handled for 12 months by the network.
Overall aircraft movements increased by 4.1% with international movements registering an increase of 8.8% while domestic flights improved by 1.4% over April 2016, MAHB said.
Locally, airports in Malaysia registered 8.2 million passengers in April 2017, a 16.9% y-o-y growth over April 2016.
The international sector recorded 4.1 million passengers with a 20.2% increase while the domestic sector recorded 4.1 million passengers, representing a growth of 13.8%.
International traffic for Asean countries rose by 15.9% to two million passengers whereas non-Asean traffic posted a 24.5% growth to 2.1 million passengers.
Overall aircraft movements also increased by 5.5%. International aircraft movements improved by 11.6% while domestic aircraft movements grew by 2.1% compared with April 2016.
Overall average load factors improved to 79.4% in April 2017, an increase of 6.2 percentage points compared with the same month last year.
Three-A Resources Bhd’s net profit for the first quarter ended March 31, 2017 (1QFY17) rose by 54.26% to RM10.32 million from RM6.7 million a year ago.
The company attributed the increase in earnings to higher product margins and lower foreign currency losses of RM39,000 compared with RM1.15 million a year ago.
Its quarterly revenue, however, fell 4.08% to RM103.18 million against RM107.57 million in the previous year due to lower sales of the group’s products.
The company also announced a bonus issue of 98.4 million new shares on the basis of one bonus share for every four shares held on the entitlement date of May 25, 2017.
T7 Global Bhd’s (formerly Tanjung Offshore Bhd) wholly-owned T7 Aero Sdn Bhd has formed a 60:40 joint venture (JV) with KOV Ltd, a wholly-owned unit of Kilgour Metal Treatments Ltd, to pursue high-value metal treatment manufacturing.
The company, known as T7 Kilgour Sdn Bhd, will build, operate and set up a metal treatments plant in Malaysia to pursue high-value manufacturing businesses in metal treatments, the group said.
The company will provide various metal treatment services including non-destructive testing, painting and marking, chemical processing, heat treatment and surface treatment.
“All these treatments are mainly for aerospace but can also cater to various industries such as oil and gas, automotive, biomedical and many more, T7 Global added.
T7 Global also signed a Heads of Agreement (HoA) with MARA Aerospace & Technologies Sdn Bhd to collaborate on human capital development in the aerospace industry.
As part of the partnership, T7 Aero will provide human capability and operational support, and to support business localisation. KOV, on the other hand, will inject its industry expertise, experience and training which include strategic business development support by leveraging on its global network.
“T7 Aero’s collaboration with Kilgour will be on a sole and exclusive basis in the Asia-Pacific Region, excluding China and Japan,” T7 Global said.
S P Setia Bhd’s net profit for the first quarter ended March 31, 2017 (1QFY17) fell 14.8% to RM105.18 million from RM123.39 million a year ago, despite higher revenue.
The group attributed the drop in earnings to lower other income generated from its wood-based manufacturing, trading activities, and the operation of retail mall and Setia City Convention Centre, which saw a significant 45.2% drop to RM37.68 million from RM68.76 million a year ago.
However, quarterly revenue grew 3.5% to RM940.19 million from RM908.46 million, thanks to higher income from its property development and construction businesses which grew 0.4% and 58.8% respectively.
S P Setia also said that it secured property sales of RM426.8 million, of which local sales contributed 82% or RM351.4 million to total sales, whereas the remaining 18% or RM75.4 million were generated from international projects.
S P Setia said its property sales secured were mainly driven by its property projects in the central region which generated RM249.7 million.
Kerjaya Prospek Group Bhd has won a contract worth RM207.36 million for the construction of 166 units of three-storey semi-detached houses, 99 units of three-storey bungalows and ancillary works in Shah Alam.
This marks Kerjaya Prospek’s second contract award for the year and brings the current outstanding orderbook to RM2.5 billion.
Its wholly-owned subsidiary Kerjaya Prospek (M) Sdn Bhd had accepted a letter of award (LoA) from BCB Development Sdn Bhd (BCB).
Kerjaya Prospek said the construction works is for 29 months, which is expected to commence on May 15. It will be completed on Sept 30, 2019.
CAB Cakaran Corp Bhd has proposed to undertake a share split and bonus issue to enhance the marketability and trading liquidity of its shares.
The share split will involve subdivision of every two existing shares into five split shares, and a bonus issue of up to 138.65 million new split shares to be credited as fully paid-up with one bonus share for every four split shares.
Matang Bhd has lost the bid for two parcels of oil palm land in Raub, Pahang, alongside a 60-tonne per hour palm oil mill on-site.
“Matang has received today a letter dated May 9, 2017 informing the company that the tender submitted for the proposed land and oil mill was unsuccessful,” it said. The tender deposit paid on April 19, 2017 has also been returned to the group.
Matang bid for the leasehold land — totalling 4,219.79 acres — from Raub Mining & Development Company Sdn Bhd and Raub Oil Mill Sdn Bhd in April 19, and it intended to pay via bank borrowings and fund-raising exercises.
Mitrajaya Holdings Bhd has bagged a RM160.1 million contract to build residential buildings for a higher learning institution here.
Its wholly-owned subsidiary Pembinaan Mitrajaya Sdn Bhd has accepted the proposed job, which will commence on May 18 for a duration of 24 months and is expected to be completed by May 2019.
Malaysian technology-based public-listed company Omesti Bhd is collaborating with Foster Moore to deploy Foster Moore's proprietary electronic registry solution called Catalyst across the Asean region and beyond.
Under the partnership, Omesti has been selected as Foster Moore's implementation partner for Asean and emerging markets.
"We will work together to identify opportunities in a range of countries, which include Singapore, Hong Kong, Vietnam, Myanmar and Malaysia," said Omesti’s executive director Gerard Monteiro.
The Catalyst commercial off-the-shelf software is designed to streamline even the most complex project. Catalyst delivers operational cost reductions, enhanced security and process improvements while complying with all local statutory legislation.
7-Eleven Malaysia Holdings Bhd aims to have 20 customers a store per day for offline payment solution through its partnership with Lazada Malaysia and MOLPay.
Through this payment gateway, 7-Eleven is hoping to enhance customer traffic as well as boost its store sales, said its chief executive officer Gary Brown.
The convenience store chain operator has recorded a 1.5% decline in same store sales growth in 2016 due to goods and services tax impact.
Brown said this platform targets those with low salary without credit card access, those who distrust online payment and low-income foreign workers.
"In January 2016, we launched utility bill payment and we had tremendous increase in the bill payments in our store," said Brown at the launching of offline payment solutions.
http://www.theedgemarkets.com/article/mahb-threea-resources-t7-global-s-p-setia-kerjaya-prospek-cab-cakaran-matang-mitrajaya
