-->

Type something and hit enter

On

KUALA LUMPUR (Aug 14): Based on corporate announcements and news flow today, stocks that may be in focus on Monday (Aug 17) include Pentamaster Corp Bhd, Carlsberg Brewery Malaysia Bhd, KNM Group Bhd, Kelington Group Bhd, IOI Corp Bhd and  T7 Global Bhd.

Pentamaster Corp Bhd's net profit for the second quarter ended June 30, 2020 (2QFY20) fell 12.9% to RM17.01 million from RM19.54 million a year ago, on lower contribution from the telecommunications segment.

Quarterly revenue was down 14.7% year-on-year (y-o-y) to RM103.02 million, owing largely to the decline in the telecommunications segment, which was partially offset by higher contribution from the semiconductor and medical devices segment.

The weaker telecommunications segment was also largely to blame for the 13.6% decline in Pentamaster's net profit for the six-month period ended June 30, 2020 (1HFY20) to RM33.78 million, from RM39.11 million in 1HFY19.

Revenue for 1HFY20 fell 15.2% y-o-y to RM203.13 million.

Carlsberg Brewery Malaysia Bhd's net profit for its second quarter ended June 30, 2020 (2QFY20) dropped 83.7% to RM10.65 million — its weakest since 2QFY09 — from RM65.26 million in 2QFY19, as pandemic-driven lockdowns to curb the COVID-19 outbreak in Malaysia and Singapore severely impacted its production and sales.

Revenue for the quarter fell 40.2% year on year (y-o-y) to RM287.27 million.

For 1HFY20, Carlsberg's net profit fell 45.3% y-o-y to RM83.6 million, while revenue declined 23.1% y-o-y to RM877.15 million.

No dividend was declared for 2QFY20 as the Board decided to suspend quarterly dividend payments for FY20 to preserve cash and liquidity.

KNM Group Bhd has received a purchase order to supply PME pressure vessels separators for the Prosperity floating production storage and offloading (FPSO) project based offshore Guyana for a contract sum of US$4.08 million (approximately RM17.13 million).

Its wholly-owned KNM Process Systems Sdn Bhd received the purchase order yesterday from Single Buoy Moorings Inc (SBM Offshore), a Dutch-based oil and gas company.

The supply and delivery duration of the contract is for a period from Aug 13, 2020 until June 1, 2021.

Kelington Group Bhd has bagged a remeasurement contract worth RM61.8 million from a China-based semiconductor foundry company to perform gas hook up works in Shanghai, China.

The contract was received by Kelington Engineering (Shanghai) Co Ltd, a wholly-owned subsidiary of Kelington.

The group said the contract is for two years starting from Aug 5, and that its value is subject to the actual amount of work carried out.

IOI Corp Bhd has partnered Malaysia-based plantation sustainability and technical support organisation Wild Asia to connect and give more value to small producers within IOI Corp’s supply base.

IOI Corp said its responsible sourcing team under commodity marketing had completed its first physical raw material connection with the Wild Asia Group Scheme (WAGS) programme.

“The WAGS aims to build a network of small producers that are working on their land sustainably towards enhancing essential soil organic matter and growing healthy produce for the betterment of our ecosystem, communities and the environment,” IOI Corp said.

T7 Global Bhd has secured the approval of Bursa Securities to proceed with a 20% private placement exercise to partially fund its on-going projects.

In a statement today, the oil and gas service provider said the exercise will raise up to RM42 million and will be utilised for three on-going projects.

On July 1, T7 Global had proposed to undertake the private placement, encompassing the issuance of up to 117 million new shares, or 20% of the group's issued shares.

https://www.theedgemarkets.com/article/pentamaster-carlsberg-knm-kelington-ioi-and-t7-global
Back to Top
Back to Top