KUALA LUMPUR (Jan 20): Based on corporate announcements and news flow today, stocks in focus for Tuesday (Jan 21) may include: IOI Properties Group Bhd, Kerjaya Prospek Group Bhd, AirAsia Group Bhd, AirAsia X Bhd (AAX), Malaysia Airports Holdings Bhd (MAHB), Dufu Technology Corp Bhd, Ajiya Bhd, Perdana Petroleum Bhd, Vizione Holdings Bhd and Yong Tai Bhd.
IOI Properties Group Bhd said today its directors Datuk Lee Yeow Chor and Lee Yeow Seng have given notices of their intention to deal in the securities of the company during the closed period pending announcement of IOI Properties' second-quarter financial results.
IOI Properties said Yeow Chor, who owns a direct stake of 0.124% in IOI Properties, has a deemed interest of 62.954% in the company.
Meanwhile, Yeow Seng, who owns a direct stake of 0.002% in IOI Properties, has a deemed interest of 62.947% in the company.
Kerjaya Prospek Group Bhd, via its wholly-owned unit, has bagged a construction contract worth RM331.95 million for a proposed development located at Jalan Kia Peng, Kuala Lumpur. This is its second construction job this month, bringing its contract secured to RM948.95 million year to date.
The Malaysian Aviation Commission (Mavcom) has imposed financial penalties on AirAsia Group Bhd, AirAsia X Bhd (AAX) and Malaysia Airports Holdings Bhd (MAHB) subsidiary Malaysia Airports (Sepang) Sdn Bhd (MA Sepang), which manages the Kuala Lumpur International Airport (KLIA) and klia2.
Mavcom said the financial penalties imposed on AirAsia and AAX, amounting to RM2 million each, were due to the airlines' continued charging of credit card, debit card and online banking processing fees separate from their base fares, in contravention of the Malaysian Aviation Consumer Protection Code 2016 (MACPC), for the period from Aug 10 to Sept 11 last year.
MA Sepang, on the other hand, was penalised RM856,875 due to its failure to meet Mavcom's Airports Quality of Service Framework (Airports QoS Framework) targets during the second quarter of last year.
Dufu Technology Corp Bhd, whose share price hit a record high of RM4.02 last Friday (Jan 17), is proposing to undertake a bonus issue, on the basis of one bonus share for every one Dufu share held, at an entitlement date to be fixed. The exercise is expected to involve the issuance of up to 267.62 million new shares.
Ajiya Bhd’s fourth quarter net profit fell 10.45% to RM1.6 million or 0.54 sen per share, from RM1.79 million or 0.6 sen per share a year earlier, on the back of lower revenue. Revenue for the quarter ended Nov 30, 2019 (4QFY19) decreased 10.86% to RM81.73 million from RM91.69 million, mainly due to lower demand for the group’s products.
For the full financial year (FY19), Ajiya’s net profit was down 77.31% to RM5.58 million from RM24.59 million in the previous year. Revenue fell 14.81% to RM325.62 million from RM382.62 million.
Perdana Petroleum Bhd has bagged a contract from Petronas Carigali Sdn Bhd, Petroliam Nasional Bhd's (Petronas') exploration arm, for the provision of one anchor handling tug and supply (AHTS) vessels for RM9 million. This was the second contract it has bagged from Petronas Carigali in less than two months. On Dec 9, it secured a contract worth of RM36 million for the provision of two AHTS vessels.
Perdana Petroleum said the 192-day contract that has started on Dec 24, 2019, is expected to contribute positively to its earnings and net assets for the financial year ending Dec 31, 2020 (FY20).
Vizione Holdings Bhd has bagged a RM170 million construction project in Kota Kinabalu. Vizione said the design and build contract awarded by Laju Damai Sdn Bhd involves one block of 29-storey service suites totaling 664 units, as well as two blocks of three-storey shop offices comprising 38 units, along with carpark block, mechanical and electrical and external works.
The project will further enlarge the group's order book and is expected to provide a steady stream of revenue for the group over the next three financial years.
Yong Tai Bhd says it has received greenlight from the Melaka state government to develop an international cruise terminal at its flagship RM8 billion mixed development, Impression City Melaka. In conjunction with the approval, Yong Tai said it has entered into a memorandum of understanding (MoU) with Singapore Cruise Center Pte Ltd (SCC), in relation to the proposed engagement of SCC as the terminal's operator and manager.